Wall Street Week: Technology Applications Prepare to Go Public

REVENUE REPORTS FOR THE WHOLE QUARTER

The big banks started with JPMorgan, the largest US bank in badets, reported quarterly earnings higher than estimates on Friday.

The bank said it found a very robust economy and a healthy consumer in the first quarter.

The rest of the financial companies also announced good profits, for the first time in several months, the shares of banks have made good progress.

IBM TESTED FIRST QUARTER

The actions of IBM they fell 2% after the company predicted that 2019 operating profit would be less than a cent to the $ 13.91 expected per share. In the first quarter, cloud and cognitive activities, which include badysis, cybersecurity and artificial intelligence, declined 1.5% to $ 5,040 million. Sales fell 4.7% to $ 18,180 million, marking 17 consecutive quarters of declining sales.

NETFLIX WITH A QUARTER OF DREAM

Netflix registered 9.6 million subscribers, a new record for the company. In the United States, it added 1.74 million and 7.86 million of the rest of the world. It already has 148.86 million subscribers on the planet. The video streaming company earned $ 0.76 per share and sold $ 4.52 billion. Net income of $ 344 million, an improvement of 18.6% over the same period in 2018

CHINA WITH VERY GOOD FIGURES FOR THE FIRST QUARTER OF THE YEAR

GDP of China recorded an annual growth of 6.4% in the first quarter of 2019. Consumption made a 65.1% contribution to the growth of the economy during the first three months. The country's total wealth reached 21.33 billion yuan (3.18 billion US dollars). Retail sales were up 8.3% and industrial production up 6.5%. From January to February, growth in industrial production was 5.3%. This indicator increased 8.5% year-over-year in March alone, with the services sector recording the most progress over this period, recording 7% (0%). , 6% more) and agriculture 2.7%. The Chinese government is managing a growth forecast of between 6% and 6.5% for this year

TAKING GOOD RETURNS IN THE FIRST QUARTER, MORE THAN 300 COMPANIES WANT TO LEAVE THE BAG

According to newspaper estimates Financial Times, more than 300 companies submitted documents to the National Securities Commission (SEC) to list their shares. Part of this accumulation is due to the fact that the government was closed in the first weeks of the year and many procedures were delayed. On the other hand, the large gathering of shares in all the stock exchanges of the world has generated a very good investment climate and badessments that encourage businesses to make the most of this opportunity.

The quality of future offers is very varied. Some of the most interesting are Zoom, communication application for companies. Palantir very powerful company that badyzes Internet traffic for private companies and Pinterest an application designed to help people with different projects (marriage, construction, renovation, etc.). The particularity of these companies is that when leaving the public, they are all profitable.

Then the famous platforms follow Lyft, Uber and Aribnb. Lyft is the only one that appeared on the market a few weeks ago and your results were not good. The question for investors is how the platform business model works. These companies have no badets and they need a millionaire service providers and consumers to keep supply and demand running smoothly. While these companies they charge billions of dollars, nobody makes money and investors wonder when they will be profitable.

Another company on the list is WeWork, temporary offices around the world. Unlike platforms, WeWork owns the buildings in which it leases its offices, but to finance its aggressive growth, it has to spend a lot of money to acquire, build, and rent it. The company is still suffering significant losses.

Fabian Onetti is president of Winston Capital Advisors in New York, a company specializing in international financial advisory services for professional investors, family offices and the private bank https://winston.capital/infobae.