Markets / Commentaries
Stock Market Today: April 23, 2019
Harvey S. Katz, CFA | 04/23/2019
The stock market, after a three-day holiday weekend induced hiatus, opened up for trading on the busiest earnings week of the season posting modest losses, with aerospace maker and Dow Jones Industrial Average component, The Boeing Co. (BA) among the chief contributors to the early setback that reached 100 points at its nadir during the first few minutes of trading. As to earnings, a large number of S&P 500 companies are scheduled to report their quarterly metrics in the coming days.
Markets / CommentariesStock Market Today: April 22, 2019
William G. Ferguson and Robert Mitkowski | 04/22/2019
Stocks opened the week in unexciting fashion following the long holiday weekend. With earnings season set to move into high gear, investors are likely waiting to see what bellwether corporations have to say about their performance and prospects in the coming days. At the closing bell, the Dow Jones Industrial Average was down 48 points; but the NASDAQ gained 17 points and the S&P 500 inched ahead three points. Market breadth was tilted to the downside, though. The number of declining issues outpaced gainers by a three to two margin on the New York Stock Exchange.
Stocks / HighlightsDow 30 Earnings: Travelers Cos. First Quarter 2019
Alan House | 04/18/2019
Shares of Travelers (TRV) were up nicely after the insurance giant posted solid March-quarter results and announced that it was raising its quarterly dividend payout. Specifically, Travelers posted share earnings of $2.99 a share, which were up 22% versus the prior-year period and were nearly $0.40 better than our estimate. The improvement was fueled by lower catastrophe losses and a higher underwriting gain.
Stocks / HighlightsDow 30 Earnings: American Express First Quarter 2019
Ian Gendler | 04/18/2019
StockHighlightsDow 30 Earnings American Express First Quarter 2019American Express (AXP – Free American Express Stock Report), a Dow 30 component and one of the world's largest issuers of credit charge cards, reported mixed March period financial results. The stock price
Markets / CommentariesStock Market Today: April 18, 2019
Harvey S. Katz, CFA and John Seibert III | 04/18/2019
The market started slightly higher today, as solid earnings reports out of American Express (AXP) and The Travelers Companies (TRV) helped improve sentiment. Too, U.S. jobless claims reached a 50-year low, while March retail sales posted a much bigger-than-expected increase of 1.6%, aided by good auto and gasoline sales. These moves caused the market to move higher in the first moments of trading with the Dow Jones Industrial Average moving nicely to the upside. However, early trading was rather choppy.
Markets / CommentariesThe Beige Book Sees Slight-to-Moderate Economic Growth For The Country
Harvey S. Katz, CFA | 04/17/2019
The Beige Book, which provides an in-depth analysis of the nation's economic conditions, was released within the past hour and it detailed that the business expansion was still in place, with slight-to-moderate growth generally the rule. Overall, conditions were as they were at the time of our last Beige Book report six weeks ago, though some Districts reported a little strengthening.
Stocks / HighlightsDow 30 Earnings: International Business Machines First Quarter 2019
Theresa Brophy | 04/17/2019
International Business Machines, (IBM) a global provider of computer hardware, software, and services to companies and institutions, as well as a Dow-30 component, has released its earnings for the March quarter. Adjusted earnings of $2.25 a share met expectations, but revenues declined 4.7% year over year, or 0.9% adjusted for currency. The stock fell as much as 6% in Wednesday mid-morning trading as investors apparently were disappointed by the company's limited progress in accelerating sales of cloud computing offerings.
Markets / CommentariesStock Market Today: April 17, 2019
Harvey S. Katz, CFA and Adam Rosner | 04/17/2019
The major averages opened higher today, but soon turned lower. At the end of the day, the final numbers showed some weakness. The Dow Jones Industrial Average, which had been ahead late in afternoon, slipped into negative territory, closing down three points. In addition, the S&P 500 Index was off about seven points, and the NASDAQ was lower by four points.
Stocks / HighlightsDow 30 Earnings: UnitedHealth Group First Quarter 2019
Erik M. Manning | 04/16/2019
UnitedHealth Group, (UNH) the largest U.S. health insurer and a Dow-30 member, has reported first-quarter results that beat expectations on both the top and bottom lines. Too, management lifted its full-year earnings guidance bracket.