Markets / Commentaries
Consumer Confidence Slides In July
Harvey S. Katz | 07/28/2015
Just when it looked as though most of the stars were aligned for the economic bulls, comes word that consumer confidence, one of the major indicators of economic health, came in well below expectations in July. That finding was according to a release made earlier this morning by The Conference Board, a private research group.
Stocks / HighlightsDow 30 Earnings: Merck Second Quarter 2015
Michael Ratty | 07/28/2015
Merck a New Jersey-based drugmaker and Dow-30 component, has reported second-quarter adjusted earnings of $0.86 a share, versus $0.85 in the comparable period of 2014. The bottom-line tally came in ahead of our $0.80 estimate thanks to better-than-expected sales growth in diabetes and cancer drugs, partially offset by a negative impact from the stronger dollar.
Stocks / HighlightsDow 30 Earnings: Pfizer Second Quarter 2015
Michael Ratty | 07/28/2015
Strong gains in the PREVNAR vaccine franchise and better sales of the new breast cancer drug IBRANCE helped Pfizer’s (PFE) second-quarter results to top expectations.
Stocks / HighlightsDow 30 Earnings: DuPont Second Quarter 2015
Michael Napoli | 07/28/2015
Diversified chemicals manufacturer and Dow-30 component DuPont delivered weaker-than-expected second-quarter results. Although operating margins improved in five of the company's six operating segments, driven by increased productivity, a stronger U.S. dollar hurt performance across the board.
Stocks / CommentariesDogs of the Dow Midyear Review
Mario Ferro | 07/27/2015
Although the year has been notable for the major indexes hitting new all-time nominal highs, stocks have had a tough time staying in positive territory. Among the factors making up this year’s “wall of worry” have been low oil prices, debt woes in Greece, and the Federal Reserve’s imminent first step toward monetary tightening. As it pertains to the Dow Jones Industrial Averages, a 2.5% dip in June landed the index 1.3 percentage points in the red for the year to date. Meanwhile, the Dogs of the Dow have largely underperformed, beating their benchmark index in only two out of six months in the first half. June marked a second-consecutive month of losses for the mutts. But, on the whole, they were not trailing by an exceedingly wide margin at the half.
Markets / CommentariesNew Home Sales Falter In June
Harvey S. Katz, CFA | 07/24/2015
New home sales fell to a seven-month low in June, in a surprise setback in a market that has been roaring ahead on most fronts. In all, such sales declined by 6.8%, to a seasonally adjusted annualized rate of 482,000 homes sold last month. Worse, May's sales pace was revised down from an estimated 546,000 homes sold annually, to just 517,000 properties.
Stocks / HighlightsDow 30 Earnings: Visa Inc. Fiscal Third Quarter 2015
Sharif Abdou | 07/24/2015
Electronic payments processor Visa (V) has reported stellar results for the fiscal 2015 third quarter, and shares of the Dow-30 component moved notably higher in pre-market trading, as a result.
Stocks / HighlightsDow 30 Earnings: 3M Company Second Quarter 2015
Andre Costanza | 07/23/2015
Diversified manufacturer and Dow-30 component 3M Company (MMM) posted disappointing second-quarter results, sending its stock down.
Stocks / HighlightsDow 30 Earnings: Caterpillar Inc. Second Quarter 2015
Dominic Silva | 07/23/2015
Caterpillar (CAT) shares were a bit lower in early trading, touching a new 52-week low, after the heavy equipment manufacturer and Dow-30 staple lowered guidance for this year.