Stocks / Highlights
Dow 30 Earnings: Microsoft Fourth Quarter Fiscal 2019
Charles Clark | 7/19/2019
Microsoft’s June-period financial results exceeded expectations and reflected the company’s ongoing success in the cloud arena. Investors greeted the report warmly.
Stocks / HighlightsDow 30 Earnings: American Express Second Quarter 2019
Ian Gendler | 7/19/2019
American Express (AXP), a Dow-30 component and one of the world's largest issuers of credit/charge cards, reported June-period financial results that were in line with our estimates. The stock price was down modestly following the earnings release.
Markets / CommentariesStock Market Today: July 19, 2019
Harvey S. Katz, CFA and Mario Ferro | 7/19/2019
The last day of the week began on the upside, but stocks largely trended downward throughout the session. To varying degrees, the market’s slide could be attributed to mixed corporate earnings reports, escalating tension in the Middle East, unsettled trade talks between the U.S. and China, and uncertainty about the Federal Reserve’s next move. Regarding the latter, media reports surfaced suggesting the lead bank will only cut interest rates by a quarter point at its next meeting in July, whereas expectations had been rising for a half point cut.
Stocks / HighlightsDow 30 Earnings: UnitedHealth Group Second Quarter 2019
Erik M. Manning | 7/18/2019
Shares of UnitedHealth Group dive lower following the release of the company’s June-quarter results.
Stocks / HighlightsDow 30 Earnings: International Business Machines Second Quarter 2019
Theresa Brophy | 7/18/2019
International Business Machines, (IBM) a global supplier of computer hardware, software, and services to large enterprises, as well as a Dow 30 component, reported earnings of $3.17 a share for the June quarter, adjusted for $0.36 of so-called nonoperating costs. That compares favorably to our estimate of $3.05 and results in the 2018 June term of $3.08. Revenues declined a currency-adjusted 1.6%, but the stock traded higher in early Thursday morning trading.
Markets / CommentariesStock Market Today: July 18, 2019
Harvey S. Katz, CFA and John E. Seibert III | 7/18/2019
The markets started the day lower, as some mixed earnings reports and fears about a trade deal with China taking longer than expected hurt sentiment. All in all, the Dow closed the day up three points, the S&P 500 was higher by 11 points, and the NASDAQ gained 22 points.
Markets / CommentariesStock Market Today: July 17, 2019
Harvey S. Katz, CFA and Adam Rosner | 7/17/2019
The equity market opened lower this morning, and was unable to recover any ground in the afternoon. In fact, some late-day selling made matters quite a bit worse. Traders were likely concerned that the second-quarter earnings season may show some signs of weakness forming in the corporate sector.
Stocks / HighlightsDow30 Earnings: Johnson and Johnson Second Quarter 2019
Andre J. Costanza | 7/16/2019
Dow-30 member and healthcare conglomerate Johnson & Johnson (JNJ) has reported better-than-expected second-quarter financial results today. However, Wall Street was unimpressed and bid the stock lower in intra-day trading. We think that the pullback is tied to the investment community's concerns regarding ongoing lawsuits regarding JNJ's talc baby powder. Increased industry probes into the country's opioid epidemic may be in the back of the minds of some, too.
Stocks / HighlightsDow 30 Earnings: Goldman Sachs Second Quarter 2019
Christopher Joseph | 7/16/2019
StockHighlightsDow 30 Earnings Goldman Sachs Second Quarter 2019Global investment banking leader Goldman Sachs (GS – Free Goldman Sachs Stock Report) has reported mixed financial results for the second quarter. Revenue of $14.2 billion was about 4% higher than last year's