Stocks / Highlights
Dow 30 Earnings: Procter and Gamble First Quarter Fiscal 2019
Orly Seidman | 10/19/2018
Procter & Gamble got off to a decent start in fiscal 2019. Investors were encouraged by the progress the consumer goods giant is making with its strategic growth initiatives.
Stocks / HighlightsDow 30 Earnings: American Express Third Quarter 2018
Ian Gendler | 10/19/2018
American Express, a Dow-30 component and one of the world's largest issuers of credit cards, has reported solid September-period earnings, fueled by a healthy top-line performance.
Markets / CommentariesStock Market Today: October 19, 2018
Harvey S. Katz, CFA and Robert Mitkowski | 10/19/2018
The stock market continued to trade in an unsettled fashion to end the week. Volatility has been high since the previous Wednesday as investors have had to weigh the effects of rising interest rates, tariffs, and potentially slowing global growth against the backdrop of corporate earnings season. Investors do not like uncertainty, and the increased number of factors that could cause trouble has not gone over well on Wall Street.
Stocks / HighlightsDow 30 Earnings: Travelers Cos. Third Quarter 2018
Alan House | 10/18/2018
Property/Casualty insurance giant Travelers (TRV) reported operating share net, which excludes capital gains and losses from investments, of $2.54 during the September quarter, which was above our $2.30 estimate and far higher than the year-earlier tally of $0.91. (Investors should be aware that 2017's results were markedly constrained by significant catastrophes.) The top line (on a net-premiums-earned basis) registered nearly $6.9 billion, which was slightly above our $6.8 billion call.
Markets / CommentariesStock Market Today: October 18, 2018
Harvey S. Katz, CFA and Adam Rosner | 10/18/2018
The stock market opened lower this morning, weakened further around noon and into the early afternoon, but managed to firm up slightly at the end of the day. At the close of trading, the Dow Jones Industrial Average was down 327 points, after being off some 400 points; the broader S&P 500 Index was off 40 points; and the technology heavy NASDAQ was lower by 158 points (a 2% drop).
Stocks / HighlightsDow 30 Earnings: International Business Machines Third Quarter 2018
Theresa Brophy | 10/17/2018
IBM shares pulled back meaningfully on the release of the company’s third-quarter financial results. September-period earnings were flat, and revenues remained disappointing.
Markets / CommentariesStock Market Today: October 17, 2018
Harvey S. Katz, CFA and Adam Rosner | 10/17/2018
The stock market opened sharply lower this morning, managed to recover nearly all of the ground around noon, but still closed in negative territory. At the end of the session, the Dow Jones Industrial Average was down 92 points; the broader S&P 500 Index off just one point; and the technology-heavy NASDAQ was lower by three points.
Stocks / HighlightsDow 30 Earnings: UnitedHealth Group Third Quarter 2018
Erik M. Manning | 10/16/2018
UnitedHealth Group, (UNH) the nation's largest health insurer and a member of the Dow 30, has reported third-quarter results that beat expectations on both the top and bottom lines. The stock was up more than 4% on the news and the shares are again trading near their all-time highs.
Stocks / HighlightsDow 30 Earnings: Johnson and Johnson Third Quarter 2018
James Flood | 10/16/2018
Johnson & Johnson, (JNJ) the largest producer of health care products and a member of the Dow 30, reported better-than-expected third-quarter adjusted share earnings of $2.05, about 8% above the year-earlier tally. Sales of $20.05 billion rose 3.6% and were in line with our expectation, but higher than the Wall Street consensus of $20.03 billion.