Week 27 Nov – 3 Dec 2017

watch Nightly Business Report Monday Tuesday Wednesday Thursday Friday 27 min.
watch Best of Bloomberg Technology 48 min.

read_this Our full report is made up of the following reports. If you prefer, you can hear each report separately.
read_this The stock market this week Impact
read_this Portfolio indices Impact
read_this Portfolio stocks: AAPL AMZN EBAY FB GOOGL GOOG PYPL TWTR V VMW

News: Senate Passes Tax Bill

wealth_creation_200wThe U.S. Senate narrowly approved a tax overhaul on Saturday, moving Republicans and President Donald Trump a big step closer to their goal of slashing taxes for businesses and the rich while offering everyday Americans a mixed bag of changes. In what would be the largest change to U.S. tax laws since the 1980s, Republicans want to add $1.4 trillion over 10 years to the $20 trillion national debt to finance changes that they say would further boost an already growing economy.

The Senate approved their bill in a 51-49 vote, with Democrats complaining that last-minute amendments to win over skeptical Republicans were poorly drafted and vulnerable to being gamed later. Six Republican senators, who wanted and got last-minute amendments and whose votes had been in doubt, said on Friday they would back the bill and did so. No Democrats voted for the bill, but they were unable to block it because Republicans hold a 52-48 Senate majority.

Under the bill, the corporate tax rate would be permanently slashed to 20% from 35%, while future foreign profits of U.S.-based firms would be largely exempt.

Talks will begin, likely next week, between the Senate and the House, which already has approved its own version of the legislation, to reconcile their respective bills.Reuters

read_this The stock market

Market indices

indices

^ Market indices this week (mouseover for 12-month view) Chart: Google Finance

Index 1 Dec 17 Week 24 Nov 17 Month 30 Nov 17 Year 30 Dec 16
S&P500 2,642.22 1.53% 2,602.42 -0.2% 2,647.58 18.02% 2,238.83
Dow Jones 24,231.59 2.86% 23,557.99 -0.17% 24,272.35 22.61% 19,762.60
NASDAQ 6,847.59 -0.6% 6,889.16 -0.38% 6,873.97 27.2% 5,383.12

read_this Portfolio Indices

Index performance

indices
^ USD and AUD denominated indices over the past 52 weeks (mouseover for max view) Chart: Bunting

home This week’s performance

Index 1 Dec 17 Week 24 Nov 17 Month 30 Nov 17 Year 30 Dec 16
U S dollar index 3.071 -2.34% 3.145 -0.58% 3.089 45.91% 2.105
Australian dollar index 4.011 -2.28% 4.105 -1.16% 4.058 38.54% 2.895

read_this Portfolio Stocks

stocks_20171201_week

AAPL: Apple, Inc 1 Dec 17 Change 24 Nov 17 home
Friday close $171.05 -2.24% $174.97
P/E (historical) 18.59 Change 19.02
P/E (1 year fwd) 15.37 Change 15.65
Market Cap $878.224 bn $-20.127 bn $898.351 bn
Target (1 year) NASDAQ analysts’ consensus: $ 192 range: $ 150 to $ 235
Analyst recommendations 18 strong buy, 5 buy, 4 hold, 2 sell, 0 strong sell
Last earnings report Q4/2017 2 Nov 2017
Financials Google Finance
SEC filings Edgar Search CIK 0000320193
AAPL
^ Apple price movements this week (mouseover for 1-year view) Chart: Google Finance

AMZN: Amazon Com, Inc 1 Dec 17 Change 24 Nov 17 home home
Friday close $1,162.35 -2.03% $1,186.41
P/E (historical) 295.01 Change 301.12
P/E (1 year fwd) 277.54 Change 272.68
Market Cap $560.104 bn $-11.594 bn $571.698 bn
Target (1 year) NASDAQ analysts’ consensus: $ 1250 range: $ 1100 to $ 1500
Analyst recommendations 28 strong buy, 4 buy, 2 hold, 1 sell, 0 strong sell
Last earnings report Q3/2017 26 Oct 2017
Financials Google Finance
SEC filings Edgar Search CIK 0001018724
AMZN
^ Amazon price movements this week (mouseover for 1-year view) Chart: Google Finance

EBAY: Ebay, Inc 1 Dec 17 Change 24 Nov 17 home home
Friday close $35.20 -1.79% $35.84
P/E (historical) 5.22 Change 5.32
P/E (1 year fwd) 21.01 Change 21.78
Market Cap $36.769 bn $-0.668 bn $37.437 bn
Target (1 year) NASDAQ analysts’ consensus: $ 38 range: $ 34 to $ 45
Analyst recommendations 7 strong buy, 0 buy, 13 hold, 2 sell, 0 strong sell
Last earnings report Q3/2017 18 Oct 2017
Financials Google Finance
SEC filings Edgar Search CIK 0001065088
EBAY
^ Ebay price movements this week (mouseover for 1-year view) Chart: Google Finance

FB: Facebook, Inc 1 Dec 17 Change 24 Nov 17 home home
Friday close $175.10 -4.2% $182.78
P/E (historical) 33.93 Change 35.42
P/E (1 year fwd) 30.24 Change 30.86
Market Cap $508.807 bn $-22.317 bn $531.124 bn
Target (1 year) NASDAQ analysts’ consensus: $ 211 range: $ 140 to $ 230
Analyst recommendations 23 strong buy, 3 buy, 0 hold, 0 sell, 0 strong sell
Last earnings report Q3/2017 1 Nov 2017
Financials Google Finance
SEC filings Edgar Search CIK 0001326801
FB
^ Facebook price movements this week (mouseover for 1-year view) Chart: Google Finance

GOOGL: Alphabet, Inc 1 Dec 17 Change 24 Nov 17 home home
Friday close $1,025.07 -2.99% $1,056.61
P/E (historical) 34.32 Change 35.37
P/E (1 year fwd) 32.04 Change 32.53
Market Cap $712.221 bn $-21.913 bn $734.134 bn
Target (1 year) NASDAQ analysts’ consensus: $ 1150 range: $ 880 to $ 1275
Analyst recommendations 22 strong buy, 3 buy, 4 hold, 0 sell, 0 strong sell
Last earnings report Q3/2017 26 Oct 2017
Financials Google Finance
SEC filings Edgar Search CIK 0001288776
GOOGL
^ Alphabet (GOOGL) price movements this week (mouseover for 1-year view) Chart: Google Finance

GOOG: Alphabet, Inc 1 Dec 17 Change 24 Nov 17 home home
Friday close $1,010.17 -2.93% $1,040.61
GOOG
^ Alphabet (GOOG) price movements this week (mouseover for 1-year view) Chart: Google Finance

PYPL: PayPal Holdings, Inc 1 Dec 17 Change 24 Nov 17 home home
Friday close $75.30 -4.16% $78.57
P/E (historical) 58.37 Change 60.91
P/E (1 year fwd) 55.28 Change 56.63
Market Cap $90.504 bn $-3.930 bn $94.434 bn
Target (1 year) NASDAQ analysts’ consensus: $ 79 range: $ 66 to $ 93
Analyst recommendations 26 strong buy, 3 buy, 6 hold, 0 sell, 0 strong sell
Last earnings report Q3/2017 19 Oct 2017
Financials Google Finance
SEC filings Edgar Search CIK 0001633917
PYPL
^ Paypal price movements this week (mouseover for 1-year view) Chart: Google Finance

TWTR: Twitter, Inc 1 Dec 17 Change 24 Nov 17 home home
Friday close $20.71 -7.63% $22.42
Market Cap $15.383 bn $-1.270 bn $16.653 bn
Target (1 year) NASDAQ analysts’ consensus: $ 18.5 range: $ 10 to $ 22
Analyst recommendations 1 strong buy, 0 buy, 18 hold, 8 sell, 0 strong sell
Financials Google Finance
SEC filings Edgar Search CIK 0001418091
TWTR
^ Twitter price movements this week (mouseover for 1-year view) Chart: Google Finance

V: Visa, Inc 1 Dec 17 Change 24 Nov 17 home home
Friday close $110.73 -1.11% $111.97
P/E (historical) 39.55 Change 39.99
P/E (1 year fwd) 27.80 Change 27.36
Market Cap $251.861 bn $-2.820 bn $254.681 bn
Target (1 year) NASDAQ analysts’ consensus: $ 126 range: $ 98 to $ 139
Analyst recommendations 24 strong buy, 2 buy, 1 hold, 0 sell, 0 strong sell
Last earnings report Q4/2017 25 Oct 2017
Financials Google Finance
SEC filings Edgar Search CIK 0001403161
V
^ Visa price movements this week (mouseover for 1-year view) Chart: Google Finance

VMW: VMware, Inc 1 Dec 17 Change 24 Nov 17 home
Friday close $124.44 0.18% $124.22
P/E (historical) 35.76 Change 39.31
P/E (1 year fwd) 31.69 Change 32.61
Market Cap $50.889 bn $0.090 bn $50.799 bn
Target (1 year) NASDAQ analysts’ consensus: $ 123 range: $ 87.5 to $ 150
Analyst recommendations 14 strong buy, 3 buy, 9 hold, 0 sell, 0 strong sell
Last earnings report Q2/2018 24 Aug 2017
Financials Google Finance
SEC filings Edgar Search CIK 0001124610
VMW
^ VMware price movements this week (mouseover for 1-year view) Chart: Google Finance

home flag_australia FX: USD/AUD

usd/aud
^ AUD movements against the USD this week (mouseover for 1-year view) Chart: xe.com

Australian economic indicators Trading Economics

Australian economic charts RBA Chart Pack