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Transports, Energy Continue To Suffer As Events Canceled, OPEC Can't Reach Agreement
Friday, March 6, 2020 - 6:09pm | 2347Read More...A wild week ended with another head-spinning session Friday as stocks stormed back in the last half hour from deep losses to end above key technical support. The late charge helped stocks finish the week slightly higher despite massive levels of volatility. Whether Friday’s late recovery...
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Friday's Market Minute: All Hands On Deck
Friday, March 6, 2020 - 10:37am | 294Read More...Today, OPEC will announce whether the organization and affiliated countries will cut oil production by 1.5 million barrels per day. The amount of the supply cut was announced after yesterday’s meeting, but pushback from Russia led to uncertainties that it might not become official. Crude oil...
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As Airlines Cut Flights And Companies Cancel Events, Transportation Sector Hit Once Again
Friday, March 6, 2020 - 10:02am | 2078Read More...It’s an old adage that investors don’t like uncertainty. When California declares a state of emergency and the coronavirus spreads in other states, that definitely makes things feel uncertain and helps explain Thursday’s market plunge. It was another ugly, ugly day that stripped...
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Thursday's Market Minute: The Playbook Isn't Working
Thursday, March 5, 2020 - 11:23am | 326Read More...A monster rally in stocks yesterday is once again giving way to more selling this morning. Wednesday’s move was no doubt impressive, but was missing some of the key ingredients bulls are looking for – namely, leadership in a sector other than utilities and real estate, which trade...
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Fed Surprise: 50 Basis Point Cut Does Little To Support Wobbly Markets
Tuesday, March 3, 2020 - 5:56pm | 1782Read More...The market’s a hungry beast and the Fed gave it something to eat, but it hasn’t been satiated yet. Stocks resumed their downhill slide Tuesday and 10-year yields dropped below 1% for the first time ever after the Fed surprised with an emergency 50-basis point easing. Stocks initially...
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Thursday's Market Minute: The Falling Knife
Thursday, February 27, 2020 - 10:24am | 264Read More...Global equity markets came under heavy selling pressure on massive volume this week as the world continues to grapple with the coronavirus. S&P 500 futures are off about 9.6% from all-time highs on Feb. 20, with premarket trading currently pointing toward another red cash open today. Many...
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Earnings To The Rescue? HP, Macy's, Home Depot All Report Solid Results, Providing Lift
Tuesday, February 25, 2020 - 10:52am | 2315Read More...Anyone hoping for a quick comeback from the worst session in two years could be in for disappointment. Things seem to be on more solid footing to start Tuesday amid a host of decent earnings news, but several stocks got downgraded and the virus showed no signs of slowing down. Some of the...
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Walmart Earnings Ahead: Eyes On Christmas Results, Future Of Grocery
Thursday, February 13, 2020 - 5:07pm | 1415Read More...Retail earnings have been trickling out in recent weeks but will begin flooding in soon, with Walmart Inc (NYSE: WMT) among the first big-box merchants to reveal, well, what’s in the box. Contrary to popular belief, Amazon.com, Inc. (NASDAQ: AMZN) isn't a bigger...
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The Year Of Retail Reinvention? Walmart, Target, Other Retailers Prepare To Report Earnings
Monday, February 10, 2020 - 3:19pm | 2971Read More...Even with fewer days to buy holiday gifts, the healthy U.S. consumer appeared to give many retail companies a boost in the last quarter of 2019. That said, the wrapping paper might not have been smoothly spread around the industry, and some retailers probably did a lot better than others. The next...
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Job Market Heats Up In January, As Warmer Weather Might Have Helped Add Positions
Friday, February 7, 2020 - 10:41am | 2532Read More...That’s more like it. After a slump in December, the economy created a way better than expected 225,000 new jobs in January. The growth included nice gains in closely watched categories like construction and warehousing, but still showed weakness in the manufacturing sector. Even so, job...
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Surprise, Surprise: Stocks Wearing Their Rally Hats Despite China Market Tanking
Monday, February 3, 2020 - 10:44am | 2199Read More...Stocks tanked in China this morning, but no real surprise. That market was closed all last week, so they’re playing catch-up as the coronavirus toll climbs. What does seem a bit surprising is what’s happening here at home early Monday as stocks stage a rally attempt. For the moment, it...
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Tuesday's Market Minute: Earnings Snapshot
Tuesday, January 28, 2020 - 10:26am | 300Read More...This morning's earnings include a few big names from disparate sectors: 3M Co (NYSE: MMM), Pfizer Inc. (NYSE: PFE), Pulte Group Inc. (NYSE: PHM), Lockheed Martin Corporation (NYSE: LMT), and United Technologies Corporation (NYSE: UTX). With headline news, especially...
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Texas Instruments And Procter & Gamble Results Front And Center, But So Is Asian Virus
Thursday, January 23, 2020 - 10:37am | 2053Read More...A solid start to the Technology earnings season finds itself competing with a virus this morning. Fears around the coronavirus grew stronger as the number of cases rose and China shut down travel from a city of 11 million people. Asian markets got hit pretty good last night, with...
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Thursday's Market Minute: The Bigger Picture In Quarterly Reports
Thursday, January 23, 2020 - 10:13am | 307Read More...Earnings season is back. While companies release their fourth quarter financial results, investors and market watchers get the inside scoop into not only what’s going on behind closed doors at one company, but also into the overall economy. Certain sectors are impacted more by different...
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IBM, Netflix Earnings Greeted With Enthusiasm, And Texas Instruments Up Later Today
Wednesday, January 22, 2020 - 10:53am | 2066Read More...It looks like the market is shaking off that little cold it caught yesterday. Solid earnings from IBM (NYSE: IBM) and healthy international subscriber gains for Netflix Inc (NASDAQ: NFLX) might have been the warm bowl of chicken soup stocks needed to recover, judging from pre-...
















