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Stocks / Highlights

Dow 30 Earnings: Walmart Inc. Fiscal Fourth Quarter 2018

Kevin Downing | 02/19/2019

General merchandise retailer Walmart (WMT) reported better-than-expected results for the fiscal fourth quarter ended January 31, 2019, and the shares are higher on the news. Adjusted earnings per share rose 6% year over year to $1.41, higher than our estimate of $1.34. Numerous federal tax regulations issued in the quarter benefited earnings by about $0.04 per share.

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Markets / Commentaries
Stock Market Today: February 19, 2019

Harvey S. Katz, CFA and John E. Seibert III | 02/19/2019

Today, the stock market started out lower, as a slew of mixed earnings results weighed on sentiment. Later in the day, momentum picked up after President Trump stated that the March 1st deadline for a U.S. trade deal with China is not a “magical date”. This suggests that the negotiating period could be extended. In the final portion of the day, the market faded slightly, giving up most of the gains. All told, the Dow Jones Industrial Average finished higher by eight points, the S&P 500 rose by four points, and the NASDAQ climbed 14 points.

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Markets / Commentaries
Stock Market Today: February 15, 2019

Harvey S. Katz, CFA and Adam Rosner | 02/15/2019

The stock market moved sharply higher this morning, and managed to extend its gains through the afternoon. Sentiment on Wall Street seems to be improving, with traders hoping that better trade relations with China will give corporate profits an extra boost. At the end of the day, the Dow Jones Industrial Average was ahead 444 points; the S&P 500 Index was up 30 points; and the NASDAQ was higher by 45 points. Market breadth showed widespread buying of equities today, with advancers leading decliners on the NYSE. Most of the major equity sectors moved higher.

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Stocks / Highlights
Dow 30 Earnings: Coca-Cola Fourth Quarter 2018

Robert M. Greene | 02/14/2019

The Coca-Cola Company's (KO) 2019 outlook left investors wanting more. On the positive side, the generally favorable trends in place throughout 2018 were again evident in the beverage giant's December-quarter results. Improvements in price and mix, for instance, helped to power 5% growth in organic revenues for both the fourth quarter and the full year. The company also showed progress revitalizing its portfolio of low- and no-calorie soft drinks, including the flagship Diet Coke brand, which halted a multiyear decline in retail value.

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Stocks / Highlights
Dow 30 Earnings: Cisco Systems Second Quarter Fiscal 2019

Kevin Downing | 02/14/2019

Cisco Systems shares continued to trade higher on solid fiscal second-quarter results and guidance as well as news of a dividend increase.

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Markets / Commentaries
Stock Market Today: February 14, 2019

Harvey S. Katz, CFA and John E. Seibert III | 02/14/2019

The market started out much lower today, as a dour retail sales report from the Commerce Department spooked investors. Too, a few key earnings reports impacted the market, as well. However, stock prices started to rebound, as traders started to question how much of the slowdown in sales was attributable to the government shutdown. Meanwhile, news surrounding a new government funding bill boosted sentiment. All told, the Dow finished lower by 104 points, while the S&P 500 was off by seven points, the NASDAQ bucked the trend, and was up seven points.

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Markets / Commentaries
Stock Market Today: February 13, 2019

Harvey S. Katz, CFA and Adam Rosner | 02/13/2019

The stock market opened higher this morning, but spent the rest of the session trading in a choppy fashion. Some of the strength during the day was likely due to optimism that a deal between the United States and China might soon be reached, and that another round of tariffs could be averted. At the end of the session, the Dow Jones Industrial Average was ahead 118 points; the S&P 500 Index was up eight points; and the NASDAQ was higher by six points.

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Markets / Commentaries
Stock Market Today: February 12, 2019

Harvey S. Katz, CFA and John E. Seibert III | 02/12/2019

The stock market, sensing some possible optimism on the global trade side, moved into the first part of yesterday's session on a nice up note, with the Dow Jones Industrial Average quickly gaining 90 points. This move came after some Administration officials suggested that high-level talks between the President and his counterpart in China, thought earlier to be off, could still take place by the middle of next month. But, as of this writing, no firm plans had yet been put into effect.

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Markets / Commentaries
Stock Market Today: February 11, 2019

William G. Ferguson and Mario Ferro | 02/11/2019

The major indexes began the day in positive territory, but trading became mixed as the session wore on. Although earnings season continues, investors are focusing more on the latest round of trade negotiations between the U.S. and China, which began today in Beijing. As the March 1st deadline for a deal between the two superpowers looms, many market participants are hoping a favorable resolution will help to reignite global economic growth. Also weighing on traders’ minds is the potential for another shutdown in Washington if the two sides of the aisle can’t come to terms.

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