Stocks / Highlights
Dow 30 Earnings: Verizon Communications Fourth Quarter 2017
Kenneth A. Nugent | 01/23/2018
Verizon Communications, (VZ) the telecommunications giant and Dow-30 component, reported 2017 fourth-quarter earnings of $0.86 a share, two cents below our estimate and on par with the year-ago result, on a better-than-expected 5% top-line increase. And investors seem rather nonplussed by the company's recent performance, with the stock hardly reacting on the news.
Stocks / HighlightsDow 30 Earnings: Procter and Gamble Second Quarter Fiscal 2018
Orly Seidman | 01/23/2018
Investors seemed largely unimpressed with Procter and Gamble’s December-quarter financial results, as the stock price was down slightly this morning.
Stocks / HighlightsDow 30 Earnings: Travelers Cos. Fourth Quarter 2017
Alan G. House | 01/23/2018
Property/Casualty insurer Travelers, (TRV) posted strong results for the fourth quarter of 2017. Earnings per share on an operating basis (excludes capital gains and losses from investments) clocked in at $2.28, which was markedly above our $2.01 estimate. The tally was, however, sharply below the previous year's $3.20 a share, though that was an extraordinary good quarter where everything seemed to go right for Travelers, which made for a very difficult comparison.
Stocks / HighlightsDow 30 Earnings: Johnson and Johnson Fourth Quarter 2017
James Flood | 01/23/2018
Johnson and Johnson’s adjusted fourth-quarter earnings were better than most expected, but the stock ticked lower, nonetheless.
Markets / CommentariesStock Market Today: January 23, 2018
Harvey S. Katz, CFA | 01/23/2018
U.S. equities, after some hesitation at the start of yesterday's session, quickly turned higher, as investors looked beyond the latest government shutdown, which began on Saturday, but, as noted below, would end by yesterday afternoon. Indeed, even in the morning, traders believed that the shutdown would be brief and not consequential. So, stocks rallied modestly. Also, helping the market was continuing confidence in the durability of the economic upturn and optimism about corporate earnings, which got an early lift yesterday from better-than-expected results from Halliburton (HAL).
Markets / CommentariesStock Market Today: January 22, 2018
William G. Ferguson and Adam Rosner | 01/22/2018
The stock market got off to a tentative start this morning, but managed to firm up as the session progressed. Of note, news that the government would resume its activities likely aided sentiment and encouraged the bulls. At the close of trading, the Dow Jones Industrial Average was ahead roughly 143 points; the broader S&P 500 Index was up 23 points; and the NASDAQ was higher by 72 points.
Stocks / HighlightsDow 30 Earnings: International Business Machines Fourth Quarter 2017
Theresa Brophy | 01/19/2018
Shares of International Business Machines (IBM) head sharply lower after the company reports its fourth-quarter and full-year results.
Stocks / HighlightsDow 30 Earnings: American Express Fourth Quarter 2017
Ian Gendler | 01/19/2018
American Express, (AXP) a Dow-30 component and one of the world's largest issuers of credit cards, has reported December-period and full-year financial results. For the quarter, due to a tax charge, the company incurred a share loss of $1.41. However, we view the tax item as non-recurring in nature and, absent that charge, share net came in at $1.58. That figure was $0.09 higher than our estimate, and compares favorably to the year-ago tally of just $0.88 a share. For the full year, Amex achieved share earnings of $5.89, or 4% better than 2016's profits. Following the earnings report, shares of American Express were down slightly in after-market trading.
Markets / CommentariesStock Market Today: January 19, 2018
Harvey S. Katz, CFA and Robert Harrington | 01/19/2018
The U.S. stock market largely shook off fears of a government shutdown on Friday, with the majority of equities advancing over the course of the session. The indexes were more mixed, especially early on, but the S&P 500 and NASDAQ 100 eventually realized solid gains in the afternoon hours, rising once more to new intraday highs in the final half hour of trading. The Dow was less impressive, but did rebound from a 60-plus point deficit and finished the day in positive territory, back above the 26,000-point threshold. Overall, gaining shares essentially doubled declining issues.