Britain's Prime Minister Boris Johnson leaves number 10 Downing Street in central London on September 26, 2019, to attend a meeting with the 1922 commitee.Here are the most important things to know about Thursday before you hit the door.We'll get a read on the health of the labor market on Thursday when the Labor Department releases weekly jobless claims at 8:30 a.m.
Morgan Stanley is expecting software company Oracle to report earnings per share of 81 cents, compared to the 72 cents per share it reported in the same quarter last year. Jefferies is expecting Adobe to report earnings of $2.25 per share, compared to the $1.83 earned in the same quarter of 2018. And Bank of America is expecting semiconductor company Broadcom to report earnings of $5.16 per share, less than the $5.85 per share earned last year in the same quarter.
Bank of America expects strength for Broadcom from the upcoming 5G cycle, especially with Apple, but weakness from recent enterprise networking and storage trends. The firm also expects Broadcom to increase its dividend. Shares of Adobe have climbed nearly 9% and shares of Broadcom have gained 7% in the last three months. Shares of Oracle are flat in the same time period.The U.K.will have its third general election in five years on Thursday, as Prime Minister Boris Johnson tries to achieve a parliamentary majority to deliver his Brexit plan.
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