Jim Cramer is back!
And it's Thursday!
U.S.-China Trade Talks
Alright, let's fill you in.
The U.S.-China trade talks are reportedly back on the table.
China's Commerce Ministry said the two sides will hold high-level negotiations in Washington early next month, while the U.S. side confirmed a sit-down "in the coming weeks." Preliminary talks are expected to be in mid-September, the Commerce Ministry said following a phone call Wednesday with China's Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin.
Palo Alto Networks Earnings
Palo Alto Networks posted adjusted earnings of $1.47 a share, 5 cents better than analysts' estimates, and said it can achieve a compounded annual growth rate of 20% by 2022 for both billings and revenue from its cloud-based security products.
Revenue was $805.8 million, up from $658.5 million a year earlier and ahead of forecasts of $803 million. Billings in Palo Alto's fourth quarter rose rose 22% to $1.1 billion. Analysts had expected billings of $995 million.
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