Markets / Commentaries
Stock Market Today: June 30, 2016
William G. Ferguson, Simon Shnayder | 06/30/2016
The major U.S. stock market indexes are on the rise for a third consecutive day, and have quickly recouped around three-quarters of the losses that mounted following the U.K.’s historic decision to leave the European Union late last week.
Stocks / HighlightsDow 30 Earnings: NIKE, Inc. Fourth Quarter Fiscal 2016
Craig Sirois | 06/29/2016
Athletic footwear and apparel giant NIKE delivered in-line May-period earnings. However, sales came in lighter than expected.
Markets / CommentariesStock Market Today: June 29, 2016
William G. Ferguson, Simon E. Shnayder, Robert Mitkowski | 06/29/2016
Wednesday’s trading on Wall Street was very much an instant replay of Tuesday’s market action, which was a good thing, since stocks soared once again. Still in recovery mode from a steep selloff that occurred on Friday and Monday following the U.K. vote to leave the European Union, bargain hunters were out in force.
Markets / CommentariesStock Market Today: June 28, 2016
William G. Ferguson, Adam Rosner, Robert Mitkowski | 06/28/2016
Stocks rebounded today after two days of heavy selling pressure following the United Kingdom’s surprise vote last Thursday to leave the European Union. At the close, the Dow Jones Industrial Average was 269 points higher; the NASDAQ was up 97 points; and the broad S&P 500 gained 36. Market breadth was strongly positive, with gainers outpacing declining issues by more than five to one on the New York Stock Exchange and by four to one on the NASDAQ.
Stocks / HighlightsUsing The Value Line Report: Procter and Gamble, A Safe Bet for Income Seekers
Paul E. Debbas, CFA | 06/27/2016
Procter and Gamble (PG) has some of the most recognized brand names in the United States. Pampers, Tide, Bounty, Gillette, and Crest can be found in numerous U.S. homes. The company also has a worldwide presence, with sales in more than 180 countries. However, despite the company’s marketing muscle and the good reputation of its products, sales and earnings in recent quarters have not been good. The consumer products giant and Dow-30 component has made management changes and continues to take steps to effect a turnaround. So far, however, not everything the company has done has borne fruit.
Markets / CommentariesStock Market Today: June 27, 2016
William G. Ferguson and Adam Rosner | 06/27/2016
It was another forgettable day for those long equities. Indeed, the U.S. stock market started the session deep in negative territory—the Dow Jones Industrial Average was quickly off more than 300 points on the heels of Friday’s 610-point setback—and held a good portion of the early losses to the closing bell.
Markets / CommentariesStock Market Today: June 24, 2016
Harvey S. Katz, Adam Rosner, Simon Shnayder | 06/24/2016
The major U.S stock market indexes plunged today in the biggest daily decline in several years, as the U.K.’s historic decision to leave the European Union roiled financial markets around the globe. Following the results of the EU referendum, British Prime Minister David Cameron put forth his resignation. Meanwhile, the unexpected result destabilized economic expectations and spurred record plunges in the pound and European bourses.
Markets / CommentariesStock Market Today: June 23, 2016
Harvey S. Katz, William G. Ferguson, and Adam Rosner | 06/23/2016
The stock market got off to a strong start this morning, and was able to extend its gains notably through the afternoon. It should be noted that today, Britain decides on whether, or not, it will stay part of the European Union. For the most part, traders probably prefer that Britain remains a part of the EU, and the market seems to have figured on that outcome. It should be mentioned that should a different result come to pass, stocks may well display initial weakness. At the close of trading in New York, the Dow Jones Industrial Average was ahead 230 points; the broader S&P 500 Index was up 28 points; and the technology heavy NASDAQ was higher by 77 points.
Markets / CommentariesStock Market Today: June 22, 2016
Harvey S. Katz, William G. Ferguson, Simon Shnayder | 06/22/2016
The major U.S stock market indexes were volatile throughout the day, fluctuating between modest gains and similar losses as investors attempted to weigh the effects of the upcoming vote that will decide whether the U.K. elects to leave the European Union. Although most market participants believe the move would add considerable uncertainty to the global economy, the most recent polls have tilted slightly in favor of an exit.