Markets / Commentaries
Stock Market Today: February 23, 2018
Harvey S. Katz, CFA and Robert Harrington | 02/23/2018
The bulls controlled the narrative of the U.S. stock market on Friday, the final session of another up-and-down week for the major indexes. The gains were led by the NASDAQ, which benefitted from earnings-related developments.
Markets / CommentariesStock Market Today: February 22, 2018
Harvey S. Katz, CFA and Adam Rosner | 02/22/2018
The equity markets moved nicely higher this morning, but then pulled back around midday, and finished the session on a mixed-to-higher note. At the end of trading, the Dow Jones Industrial Average was ahead 165 points; the broader S&P 500 Index was up three points; but the NASDAQ was lower by eight points. Market breadth showed a somewhat divided session, with advancers roughly even with decliners on the NYSE.
Markets / CommentariesStock Market Today: February 21, 2018
Harvey S. Katz, CFA and Adam Rosner | 02/21/2018
The stock market opened higher this morning, extended its gains into the early afternoon, but then turned sharply lower in the final hour of the session. Today’s reversal seemed to reflect mounting concerns about rising interest rates and higher bond yields, which can create a challenging climate for equities.
Stocks / HighlightsDow 30 Earnings: Wal-Mart Stores Fiscal Fourth Quarter 2017
Kevin Downing | 02/20/2018
Shares of Wal-Mart (WMT) dip following the release of the company’s fiscal fourth-quarter results and guidance.
Stocks / HighlightsDow 30 Earnings: The Home Depot Fiscal Fourth Quarter 2017
Ian Gendler | 02/20/2018
Shares of The Home Depot (HD) were up a bit after the home-improvement retailer delivered solid fiscal fourth-quarter financial results.
Markets / CommentariesStock Market Today: February 20, 2018
William G. Ferguson and Robert Harrington | 02/20/2018
U.S. stock market averages stumbled out of the gate on Tuesday. Declining issues doubled advancing shares, with only the technology sector managing to post a full-day aggregate gain. By the final hour, the Dow Jones Industrial Average and S&P 500 had fallen deeper into negative territory, while the once-strong NASDAQ finished near its breakeven line.
Stocks / HighlightsDow 30 Earnings: Coca-Cola Fourth Quarter 2017
Robert M. Greene | 02/16/2018
The Coca-Cola Company finished 2017 with a solid set of results. The beverage giant, one of the components of the Dow Jones Industrial Average, has reported December-quarter comparable earnings of $0.39 a share, a 5% increase from the prior-year period and a penny ahead of our estimate. (Our presentation excludes $1.05 in net nonrecurring charges, mostly related to the Tax Cuts and Jobs Acts.) Full-year profits finished at $1.91, flat with 2016, but still 8% below the $2.08 reached in 2013.
Markets / CommentariesStock Market Today: February 16, 2018
Harvey S. Katz, CFA and Mario Ferro | 02/16/2018
The major U.S. stock indexes started the Friday before the long President’s Day weekend somewhat undecidedly, but the bulls soon took over the reins. For a while, it looked like equities would easily chalk up a sixth straight win, but things got shaky after it was reported that 13 Russians were indicted for interfering with the 2016 U.S. elections.
Stocks / HighlightsDow 30 Earnings: Cisco Systems Second Quarter Fiscal 2018
Kevin Downing | 02/15/2018
Networking hardware and software giant Cisco Systems reported solid results for the January quarter. The top line rose 3.3% year over year to $11.9 billion, the first positive showing in two years. Adjusted earnings per share of $0.63 increased an impressive 11%.