Stocks / Highlights
Dow 30 Earnings: American Express Fourth Quarter 2019
Ian Gendler | 01/24/2020
American Express, (AXP) a Dow-30 component and one of the world's largest issuers of credit cards, reported December-period financial results that were largely in line with our estimates. The shares advanced modestly following the news.
Stocks / HighlightsDow 30 Earnings: Intel Corp. Fourth Quarter 2019
Alan House | 01/24/2020
Investors cheer Intel’s strong December-quarter results. The chip behemoth also issued solid guidance for both the March period and all of 2020. Growth continues to be powered by the company’s data-centric businesses.
Markets / CommentariesStock Market Today: January 24, 2020
Harvey S. Katz, CFA and Adam Rosner | 01/24/2020
Stocks opened higher this morning, but sank deep into negative territory in the afternoon. The averages attempted to recover some ground late in the session, but with limited success. Earlier today sentiment seemed somewhat optimistic. However, the mood turned apprehensive, as traders worried that a deadly virus in China might be difficult to contain. Of note, the virus has made its way to a number of countries, and a second person in the U.S. was recently diagnosed with the illness.
Stocks / HighlightsDow 30 Earnings: Procter and Gamble Second Quarter Fiscal 2020
Orly Seidman | 01/23/2020
Investors had little reaction to Procter and Gamble’s fiscal second-quarter results, leaving the stock little changed on the news.
Stocks / HighlightsDow 30 Earnings: Travelers Cos. Fourth Quarter 2019
Alan House | 01/23/2020
Property/Casualty insurer Travelers (TRV) reported solid results for the December period. However, its share price has slipped moderately in trading this morning, along with the broader market averages. Travelers’ shares have performed quite well in recent weeks, and thus it may have been due for a haircut. Looking at it with more granularity, earnings from operations, which exclude capital gains and losses from investments, clocked in at $3.32 a share in the December period, which was a dime higher than our expectation and a whopping 56% higher than the previous-year period.
Markets / CommentariesStock Market Today: January 23, 2020
Harvey S. Katz, CFA and John E. Seibert III | 01/23/2020
The stock market started deeply in the red today, as fears increased about the Wuhan Coronavirus, given that cases were found in other locations. Too, they were speculating how the flu-like virus would impact global growth in 2020. The Dow Jones Industrial Average fell well over 200 points in early market action, while the other indices were down in tandem. Overall, the Dow closed lower by 26 points; the S&P 500 rose four points, and the NASDAQ was up 19 points.
Stocks / HighlightsDow 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.
Stocks / HighlightsDow 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.
Markets / CommentariesStock Market Today: January 22, 2020
Harvey S. Katz, CFA and Adam Rosner | 01/22/2020
The equity market opened higher this morning, but reversed course, and softened quite a bit as the session progressed. Initially, traders seemed to be feeling more confident about the medical situation in China, as health officials have taken action to contain a serious virus that has broken out there. Given the size of China’s economy, Wall Street has concerns that a protracted epidemic could be problematic for global trade. At the close of the day, the Dow Jones Industrial Average was down 10 points; the broader S&P 500 Index clung to a one-point gain, and the NASDAQ managed to advance 13 points.