Featured Commentary


Markets / Commentaries

Stock Market Today: August 21, 2019

Harvey S. Katz, CFA and Adam Rosner | 08/21/2019

The stock market moved strongly higher earlier this morning, and managed to hold onto these gains through the afternoon. Investor sentiment turned positive today after a batch of retailers delivered encouraging reports. This likely helped overshadow fears that the domestic economy may be starting to slow, and that the trade dispute between the United States and China is creating major challenges.

Read more
Stocks / Highlights
Dow 30 Earnings: The Home Depot Fiscal Second Quarter 2019

Matthew E. Spencer, CFA | 08/20/2019

Shares of The Home Depot rose after the home-improvement retailer released fiscal 2019 second-quarter results.

Read more
Markets / Commentaries
Stock Market Today: August 20, 2019

Harvey S. Katz, CFA and Adam Rosner | 08/20/2019

Equities opened lower this morning, briefly managed to reverse course, but then weakened again, and remained under pressure for the rest of the session, closing with a burst of selling. Today, investors seemed worried that a recession here in the United States could be on the horizon, and that some of the weakness brewing overseas could eventually make its way to our shores. After the late day selling, the Dow Jones Industrial Average was down 173 points; the broader S&P 500 Index was off 23 points; and the NASDAQ was lower by 54 points.

Read more
Markets / Commentaries
Stock Market Today: August 19, 2019

William G. Ferguson and John E. Seibert III | 08/19/2019

The stock market started positively today, as a rebound from last week’s selloff continued. Additionally, the U.S. government extended the time that Chinese technology firm Huawei could buy supplies from U.S. companies for an additional 90 days. Investors viewed this as an easing of trade tensions between the two countries and, thus, bolstered the major market composites. All told, the Dow closed higher by 250 points, the S&P 500 rose by 35 points, and the NASDAQ gained 107 points.

Read more
Markets / Commentaries
Stock Market Today: August 16, 2019

Harvey S. Katz, CFA and Mario Ferro | 08/16/2019

The major U.S. equity indexes started the last session of a volatile trading week firmly in positive territory, and stocks ended the day up sharply. In economic news, the Commerce Department reported that housing starts were down 4%, to an annual rate of 1.19 million. However, building permits (a more forward-looking indicator) increased 8.4%, to a yearly rate of 1.34 million. The markets, though, largely looked past these numbers, and continued to bob and weave along with developments on the U.S.-China trade situation.

Read more
Stocks / Highlights
Dow 30 Earnings: Walmart Inc. Fiscal Second Quarter 2019

Kevin Downing | 08/15/2019

Walmart shares trade modestly higher on the release of the retail giant’s solid fiscal second-quarter financial results and increased guidance.

Read more
Stocks / Highlights
Dow 30 Earnings: Cisco Systems Fiscal Fourth Quarter 2019

Kevin Downing | 08/15/2019

Networking equipment and software provider Cisco Systems (CSCO) reported in-line results for the fiscal fourth quarter (year ended July 31st). However, guidance was below expectations and the shares are down moderately in response.

Read more
Markets / Commentaries
Stock Market Today: August 15, 2019

Harvey S. Katz, CFA and John E. Seibert III | 08/15/2019

While the early read on the futures indicated that yesterday’s selloff may continue, things turned around before the opening bell. News broke that China’s spokesperson at its foreign ministry “hopes the U.S. side will meet China halfway.” Traders took this to mean a potential softening of China’s trade stance and an increased likelihood of a deal. The market shot up quickly both in the premarket and early in the trading session. Still, the market could not hold these gains, so it fell and briefly traded in the red. All told, the Dow closed up 100 points, the S&P 500 rose by seven points, but the NASDAQ eased slightly, falling seven points.

Read more
Markets / Commentaries
Stock Market Today: August 14, 2019

Harvey S. Katz, CFA and Adam Rosner | 08/14/2019

Stocks turned sharply lower this morning, and encountered further selling during the midday hours, and into the afternoon. Investors were rattled by some disturbing developments in the bond market, which stoked fears of a possible economic slowdown or even a recession. Specifically, the yield on the government’s 10-year Treasury moved below the yield on the two-year note, creating a situation known as an inverted yield curve.

Read more