U.S. equity index futures were higher this morning. S&P 500 futures were up 27 points at 8:35 AM EDT.Index futures eased slightly after 8:30 AM EDT following release of second estimate of first quarter annualized U.S. GDP. Consensus was unchanged growth at 1.1%. Actual was growth at 1.3%.Fitch lowered its U.S. Credit Rating from AAA to AAA negative watch.Nvidia jumped $56.87 to $362.25 after g...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points at 8:30 AM EDT.Bank of Montreal and Scotia Bank are expected to open lower after announcing larger than expected loan loss provisions in their fiscal second quarter report. Intuit dropped $23.80 to $426.00 after reporting lees than consensus fiscal third quarter revenues. Agilent fell $8.43 to $120.21 after...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:35 AM EDT. Index futures moved lower following release of the May Philly Fed Index at 8:30 AM EDT. The Index was reported at -16.0 versus -22.8 in April.Chevron added $1.44 to $153.88 after HSBC upgraded the stock to Buy.Lowe's dropped $2.65 to $200.50 after lowering second quarter guidance. Nordson gai...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EDT.Canadian equity markets are closed for the Victoria Day holiday.Micron dropped $3.01 to $65.16 after the Chinese government sanctioned the company.Meta Platform fell $3.04 to $242.60 after the company was fined $1.3 billion by the European Union. Foot Locker dropped $0.65 to $29.56 after William...Read More
Pre-opening Comments for Friday May 19thU.S .equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EDT.The Canadian Dollar was unchanged at US74.21 cents following release of March Canadian Retail Sales at 8:30 AM EDT. Consensus was a drop of 1.4% versus a decline of 0.2% in February. Actual was a drop of 1.4%. Excluding auto sales, consensus was a drop of...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points at 9:35 AM EDT.Index futures were unchanged following release of the May Philly Fed Index at 8:30 AM EDT. Consensus was an improvement to -20.0 from -31.3 in April. Actual was an improvement to -10.4.Take Two Interactive advanced $10.48 to $133.50 after reporting higher than consensus fiscal fourth quarter rev...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 11 points at 8:35 AM EDT.Index futures were unchanged following release of the April U.S. Housing Starts Report at 8:30 AM EDT. Consensus was a slip to 1.400 million units from 1.4200 units in March. Actual was 1.401 million units.Northrop Grumman added $1.66 to $437.29 after increasing its quarterly dividend by 8%.Tar...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points at 8:35 AM EDT.Index futures moved lower following release of April U.S. Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.7% versus a drop of 0.6% in March. Actual was an increase of 0.4%. Excluding auto sales, consensus was an increase of 0.3% versus a drop of 0.4% in March. Actual was an increase...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:35 AM EDT.Index futures weakened following release of the May Empire State Manufacturing Survey at 8:30 AM EDT. Consensus was a drop to -2.00 from +10.80 in June. Actual was a drop to-31.8. Magellan Midstream Partners advanced $8.39 to $63.80 after Oneok offered to acquire the company in a cash and share...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT.Air Canada (AC Cdn$21.01) is expected to open higher after reporting higher than consensus first quarter revenues and earnings.Twillo dropped $0.73 to $46.75 after Mizuho downgraded the stock from Buy to Neutral. Target was reduced from $90 to $55.SNC Lavalin (SNC.TO $33.35) is expected to open...Read More
(Updates prices after copper extends fall) By Polina Devitt LONDON, May 11 (Reuters) - Prices for copper and otherbase metals fell in London on Thursday, hitting multi-monthlows, after inflation data from the top consumer China added toconcerns over the strength of the country's economic recovery. Benchmark copper on the London Metal Exchange (LME)was down 3.7% at $8,164 a tonne by 1606 GMT, afte...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT.Bank of England raised its overnight lending rate by 0.25% as expected.Index futures were unchanged following release of the U.S. April Producer Price Index at 8:30 AM EDT. Consensus was an increase 0.3% versus a decline of 0.5% in March. Actual was an increase of 0.2% . On a year-over-year basis,...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were up 15 points at 8:35 AM EDT.U.S. equity index futures moved higher following release of the U.S. April Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.4% versus a gain of 0.1% in March. Actual was an increase of 0.4%. On a year-over-year basis, consensus was an increase 5.0% versus a gain of 5.0% in Mar...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:30 AM EDT. PayPal dropped $4.35 to $71.17 after reporting a lower than consensus first quarter profit margin.Lucid fell $0.67 to $7.04 after lowering production guidance. Wayfair fell $2.75 to $37.22 after announcing a convertible bond offering.New York Times gained $0.75 to $40.65 after announcing a $1...Read More
U.S. equity index futures were higher this morning. S&P500 futures were up 10 points at 8:30 AM EDT.Scotts Miracle Grow added $2.45 to $68.89 after JP Morgan upgraded the stock from Neutral to Overweight.Tyson Foods dropped $4.40 to $56.29 after reporting an adjusted loss in its fiscal second quarter.Alcoa advanced $0.89 to $36.99 after JP Morgan initiated coverage with an Overweight rating.Sn...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points at 8:35 AM EDT.Index futures were unchanged after release of the March U.S. Trade Deficit report at 8:30 AM EDT. Consensus was a recover to $63.80 billion from $70.05 billion in February. Actual was a deficit of $64.2 billion.First Horizon National dropped $6.21 to $8.90 after Toronto Dominion Bank withdrew...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT.Focus today is on news on the Fed Fund Rate announced by the FOMC at 2:00 PM EDT.Responses to quarterly results after the close yesterday were surprisingly negative despite quarterly revenue and earnings reports that were better than consensus. Starbucks dropped $4.31 to $110.15. Advanced Micro...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points at 8:30 AM EDT.President Biden has called for a meeting on May 9th with Congressional leaders to discuss the Federal government debt limit. Treasury secretary Janet Yellen noted that the debt limit could be breached as early as June 1st.Blackberry gained $0.24 to US$4.22 after weighing plans to separate some...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points at 8:30 AM EDT.Volume on North American exchanges is expected to be well below average today. Equity markets outside on North America are closed for a variety of national holidays. JP Morgan added $5.14 to $143.38 after announcing purchase of First Republic Bank's assets.Enbridge (ENB.TO Price: Cdn$53.87) is...Read More