U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:30 AM EST.F5 Networks gained $11.64 to $197.01 after reporting higher than consensus fiscal first quarter earnings. The company also offered encouraging fiscal second quarter guidance. Whirlpool dropped $4.81 to $112.98 after lower first quarter guidance. Nucor added $2.36 to $179.00 after offering posi...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:35 AM EST.S&P 500 Index futures slipped 2 points following release of the December Core PCE Price Index at 8:30 AM EST. Consensus was an increase of 0.2% versus a gain of 0.1% in November. Actual was an increase of 0.2%. On a year-over-year basis, consensus was an increase of 3.0% versus a gain of 3....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points at 8:35 AM EST.Index futures gained 10 points following release of economic news at 8:30 AM EST. Consensus for December Durable Goods Orders was an increase of 0.5% versus a revised gain of 5.5% in November. Actual was unchanged. Consensus for first estimate of fourth quarter annualized real GDP was an increa...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 29 points at 8:30 AM EST.Bank of Canada's monetary statement is scheduled for released at 9:45 AM EST. The Bank's lending rate to major Canadian banks is expected to remain unchanged at 5.0%.Netflix gained $18.90 to $510.00 after increasing subscriptions in the fourth quarter greater than consensus. The company also of...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EST.United Airlines advanced $2.59 to $41.07 after reporting higher than consensus fourth quarter earnings. Zions Bancorp dropped $0.26 to $43.05 after reporting lower than consensus fourth quarter results.MMM dropped $5.00 to 103.02 after lowering first quarter 2024 guidance. Procter & Gamble a...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 19 points at 8:30 AM EST. Boeing dropped $3.46 to $211.56 after the FAA recommended a door plug inspection on another 737 aircraft model.Archer Daniels Midland fell $8.12 to $60.07 after launching a probe on its accounting. Macy's added $0.47 to $18.10 after its board of directors rejected a private company buyout offe...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points at 8:35 AM EST.The Canadian Dollar slipped 0.05 at U.S.74.22 cents following release of Canada's November Retail Sales at 8:30 AM EST. Consensus was unchanged versus a downwardly revised gain of 0.5% in October. Actual was a decline of 0.2%.PPG Industries dropped $1.00 to $143.95 after projecting lower than c...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points at 8:35 AM EST.Index futures were unchanged following release of the January Philly Fed Index at 8:30 AM EST. Consensus was -7.0 versus -10.5 in December. Actual was -10.6Charles Schwab dropped $0.86 to $63.45 after reporting less than consensus fourth quarter revenues. Discover Financial Services dropped $9....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:35 AM ESTIndex futures slipped 2 points following release of December U.S. Retail Sales at 8:30 AM EST. Consensus was an increase of 0.4% versus a gain of 0.3% in November. Actual was an increase of 0.6%.Progress Software advanced $2.54 to $56.15 after reporting higher than consensus fourth quarter reve...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points at 8:35 AM EST. U.S. equity index futures increased 6 points following release of the January Empire State Manufacturing Survey at 8:30 AM EST. Consensus was an improvement to -7.10 from -14.50 in December. Actual was -43.7.The Canadian Dollar added 0.14 to US74.32 cents following release of Canada's Decembe...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EST.S&P 500 futures recovered 13 points following release of the U.S. December Producer Price Index at 8:30 AM EST. Consensus was an increase of 0.1% versus no change in November. Actual was down 0.1%. On a year-over-year basis, consensus was an increase of 1.3% versus a gain of 0.9% in November. A...Read More
U.S equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EST.Index futures dropped 9 points following release of the December Consumer Price report at 8:30 AM EST. Consensus was an increase of 0.2% versus a gain of 0.1% in November. Actual was an increase of 0.3%. On a year-over-year basis, consensus was an increase of 3.2% versus an increase of 3.1% in Novem...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EST.Lennar added $1.65 to $149.81 after the company raised its dividend by 33%. The company also increased its share buyback program to $5 billion.Juniper Networks another added $0.21 to $37.02 after the company confirmed receipt of a cash offer by Hewlett Packard Enterprises to purchase the company fo...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 23 points at 8:35 AM EST.S&P 500 futures slipped 2 points following release of the November U.S. Trade Deficit report at 8:30 AM EST. Consensus was $64.50 billion versus $64.30 billion in October. Actual was $63.2 billionMicrochip Technology dropped $3.64 to $82.00 after the company lowered expectations for fiscal...Read More
Pre-opening Comments for Monday January 8thU.S. equity index futures were higher this morning. S&P 500 futures were 2 points at 8:30 AM EST.Boeing dropped $19.59 to $229.49 after its 737 Max 9 aircrafts were grounded by the FAA following a blow out of a panel on an Alaska Airlines flight. Axonics jumped $12.37 to $69.94 after receiving a buyout offer valued at $71 per share from Boston Scienti...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 23 points at 8:35 AM EST.Index futures dropped 13 points following release of the U.S. December employment report at 8:30 AM EST. December Non-farm Payrolls were expected to drop to 158,000 from a revised 173,000 in November. Actual was an increase to 216,000. December Unemployment Rate was expected to increase to 3.8...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM ESTCal-Maine Foods dropped $3.66 to 51.29 after reporting lower second quarter resultsAbbVie dropped $2.31 to $158.31 after CVS Health announced that it will substitute AbbVie's drug, Humira with comparable drugs.Apple slipped $1.31 to $182.94 after Piper Sandler lowered its target price from $220 t...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points at 8:30 AM EST.Exxon Mobil slipped $0.48 to $101.88 after Mizuho downgraded the stock from Buy to Neutral.Occidental Petroleum dropped $0.35 to $59.70 after Mizuho downgraded the stock from Buy to Neutral.Prudential Financial dropped $0.81 to $103.76 after JP Morgan downgraded the stock from Overweight to Ne...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 40 points at 8:30 AM EST.Apple dropped $3.28 to $189.25 after Barclay's downgraded the stock to from Equal Weight to Under Weight. Target was reduced to $160.Inspire Medical dropped $2.48 to $200.95 after Stifel Nicloaus downgraded the stock from Buy to Hold.Helmrich & Payne slipped $0.22 to $36.23 after Seaport R...Read More