Trader Chat, February 2 – Business Insider

Getty Images Dave Lutz of Stifel, Nicolaus passes along the big stories that traders are chatting about today. Here’s some of the big ones.Chinese manufacturing activity slipped to its lowest level in six months, with indications of slowing growth for the quarter to come in the world’s second-largest economy – The National Bureau of Statistics said its purchasing managers’ index (PMI) for January slipped to 50.5, a reading just above the threshold for quickening growth. While output was still expanding, a sub-index for new export orders hovered for the second month below the midpoint, indicating slowing growth, and pointing to a lull in factory operations for the next few months (FT)Japan is on course to break a pledge to balance its budget by 2020, according to a …

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Dave Lutz of Stifel, Nicolaus passes along the big stories that traders are chatting about today. Here's some of the big ones. Chinese manufacturing activity slipped to its lowest level in six months, with indications of slowing …

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Trader Chat, February 2 – Business Insider

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Facebook Up 18% Pre-Market – Business Insider

Steven Perlberg Jan. 30, 2014, 8:25 AM8,257 Email More Share on Tumblr Steve Jennings/Getty Images Following strong earnings growth, Facebook is up huge in pre-market trading. Earnings per share were at $0.31 ($0.27 estimated) while revenue was at $2.59 billion ($2.35 billion expected).Shares are launching up 18% pre-market.Mobile ad revenues paved the way for the earnings beat.”Facebook is basically a mobile company right now — a majority of its revenues come from mobile, not from the desktop product,” explained our Jim Edwards. “And the vast majority of its active users are mobile users.”The company is seeing upgrades across Wall Street today.Bank of America has a $64 price target on Facebook. “With better-than-expected 4Q revenues and expense commentary about in-…

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Following strong earnings growth, Facebook is up huge in pre-market trading. Earnings per share were at $0.31 ($0.27 estimated) while revenue was at $2.59 billion ($2.35 billion expected). Shares are launching up 18% …

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Facebook Up 18% Pre-Market – Business Insider

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