Featured Commentary


Stocks / Highlights

Dow 30 Earnings: Johnson and Johnson Fourth Quarter 2019

Andre J. Costanza | 01/22/2020

Johnson and Johnson’s fourth-quarter results miss expectations and the shares dip in value accordingly.

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Stocks / Highlights
Dow 30 Earnings: International Business Machines Fourth Quarter 2019

Theresa Brophy | 01/22/2020

International Business Machines, (IBM) a global provider of mainframe computers, as well as computer software and services, reported earnings for the December quarter and 2019 that matched expectations, on better-than-anticipated revenues. The company's declining revenues have been a concern in recent years, and the improvement cheered investors, who bid the stock up over 4% during recent trading.

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Markets / Commentaries
Stock Market Today: January 22, 2020

Harvey S. Katz, CFA | 01/22/2020

Wall Street began the new trading week following the long holiday weekend, which had observed the birthday of Dr. Martin Luther King Jr, with hope by the bulls that we would see an extension of the vigorous January rally in the stock market that had seen the Dow Jones Industrial Average soar comfortably above 29,000. But this further gain was not to be as the market saw some early profit taking that would take the blue chips down more than 100 points in the morning. But as we entered the noon hour some buying surfaced and that would pare the losses

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Markets / Commentaries
Stock Market Today: January 21, 2020

William G. Ferguson and John E. Seibert III | 01/21/2020

The stock market started in the red today, as trader sentiment waned over the three-day holiday weekend. The Dow Jones Industrial Average fell 70 points in the early part of the session, while the other indices were down in tandem. However, the markets started to rebound, and the NASDAQ even reached the green for a short spell. Then, news broke that the first recorded case of Wuhan Coronavirus (which has killed six people in China) has been documented in the United States, and the indices all broke lower. Overall, the indices ended the day near the lows, with the Dow closing down 152 points, the S&P 500 was off by nine points, and the NASDAQ fell 18 points.

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Markets / Commentaries
Stock Market Today: January 17, 2020

Harvey S. Katz, CFA and Adam Rosner | 01/17/2020

The stock market opened higher this morning, but traded in sideways fashion for the remainder of the session. Sentiment was fairly upbeat earlier in the day, but at times the tone seemed subdued, as some fatigue may be starting to set in. At the end of the session, the Dow Jones Industrial Average was ahead 50 points; the broader S&P 500 Index was up 13 points, and the NASDAQ was higher by 30 points. Market breadth showed a mixed session, with advancing issues about even with decliners on the NYSE. The utilities, financials, and technology stocks pressed ahead, while the industrial names and basic materials issues lagged the pack.

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Markets / Commentaries
Stock Market Today: January 16, 2020

Harvey S. Katz, CFA and John E. Seibert III | 01/16/2020

The stock market started in the green today, as generally good economic news combined with strong earnings results boosted trader sentiment. These factors helped the Dow Jones Industrial Average rise to an all-time high, while the other indices reached new apexes, as well. The markets continued to expand its gains once the U.S. Senate approved the USMCA trade agreement. The markets trended slightly higher throughout much of the day, ending near its high point. All told, the Dow closed higher by 267 points, the S&P was up 28 points, and the NASDAQ rose 98 points.

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Stocks / Highlights
Dow 30 Earnings: UnitedHealth Group Fourth Quarter 2019

Erik M. Manning | 01/15/2020

UnitedHealth Group, (UNH) the nation's largest health insurer and a Dow-30 component, has released financials for the fourth quarter of 2019. Revenues came in a bit shy of expectations, but adjusted earnings were comfortably ahead of the consensus. The shares rose more than 2% in early morning trading after some profit taking in the premarket.

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Stocks / Highlights
Dow 30 Earnings: Goldman Sachs Fourth Quarter 2019

Adam J. Platt | 01/15/2020

Global investment banking leader Goldman Sachs reported 2019 fourth-quarter earnings that missed the mark. The top-line results, however, exceeded expectations.

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Markets / Commentaries
Stock Market Today: January 15, 2020

Harvey S. Katz, CFA and Mario Ferro | 01/15/2020

The major U.S. equity indexes began today’s session with a solid move to the upside, and the Dow Industrials, S&P 500, and NASDAQ all set record intraday highs. However, late afternoon selling erased some of the gains. The main news item today was the signing of a preliminary trade agreement between the U.S. and China. The truce hopefully signals the end of the nearly two-year tariff war between the two nations, which had stoked fears over its potential impact on the global economy. At the closing bell, the 30-stock Dow Jones Industrial Average was up 91 points, while the broader S&P 500 were up a modest six points, and the tech-heavy NASDAQ composite gained seven points.

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