U.S. equity index futures were lower this morning. S&P 500 futures dropped 8 points at 8:30 AM EST.FedEx dropped $22.82 to $257.18 after reporting less than consensus second quarter results.Steelcase dropped $1.32 to $11.38 after the company offered lower than consensus fourth quarter revenue guidance.General Mills dropped $1.75 to $64.96 after the company lowered sales guidance. Lowe's droppe...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 4,803 at 8:35 AM EST.Index futures were unchanged following release of the U.S. November New Home Starts report at 8:30 AM EST. Consensus was a drop to 1.360 million units from 1.472 million units in October. Actual was an increase to 1.56 million units.The Canadian Dollar added 0.13 to US74.90 cents follo...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:30 AM EST. U.S. Steel advanced $11.22 to $50.55 after Nippon Steel offered to buy the company for $ 55.00 per share. Value of the cash offer is estimated at $14.1 billion.VF Corp dropped $1.15 to $18.76 after disclosing that the company is the victim of a cyberattackMasonite dropped $2.00 to $100.00 afte...Read More
Equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:35 AM ESTIndex futures dropped 6 points following release of the December Empire State Manufacturing Survey at 8:30 AM EST. Consensus was a drop to +4.0 from +9.1 in November. Actual was a drop to -14.5.Today is "Triple Witching Day', the last trade day in December for listed index and equity options and futur...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EST.Index futures were unchanged following release of November Retail Sales at 8:30 AM EST. Consensus called for a decline of 0.1% versus a decline of 0.1% in October. Actual was an increase of 0.3%. Excluding auto sales, consensus called for a decline of 0.1% versus a gain of 0.1% in October. Actu...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:35 AM EST.Index futures were unchanged following release of the November Producer Price Index at 8:30 AM EST. Consensus was an increase of 0.1% versus a decline of 0.5% in October. Actual was unchanged. On a year-over-year basis, consensus was an increase of 1.0% versus a gain of 1.3% in October. Actual w...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:35 AM ESTU.S. equity index futures added were unchanged following release of the November Consumer Price Index at 8:30 AM EST. Consensus was unchanged versus unchanged in October. Actual was an increase of 0.1%. On a year-over-year basis, consensus was an increase of 3.1% versus a gain of 3.2% in October....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EST.Macy's jumped $3.01 to $20.40 after Arkhouse Management and Brigade Capital Management offered to acquire the company for $21 per share.Cigna advanced $34.75 to $293.55 after the company raised its stock buyback program by $10 billion.Palo Alto added $0.82 to $299.24 after JP Morgan raised its...Read More
Equity index futures were lower this morning. S&P 500 futures were down 20 points at 8:35 AM ESTIndex futures dropped 12 points following release of the November Employment report at 8:30 AM EST. Consensus for November Non-farm Payrolls was an increase to 180,000 from 150,000 in October. Actual was 199,000. Consensus for the November Unemployment Rate was unchanged at 3.9% from October. Actual...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points at 8:30 AM EST.GameStop dropped $0.41 to $14.43 after reporting less than consensus third quarter revenues. Chewy fell $1.76 to $17.59 after reporting a third quarter loss. Braze advanced $6.88 to $63.00 after reporting higher than consensus third quarter revenues. Cerevel Theropeutics jumped $5.76 to $42.69 a...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:35 AM ESTU.S. equity index futures added 4 points following release of the U.S. Trade Deficit at 8:30 AM EST. Consensus was $64.10 billion, an increase from $61.50 billion in September. Actual was $64.3 billion.The Bank of Canada updates its overnight lending rate for major Canadian banks at 10:00 AM EST...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points at 8:30 AM EST.CVS Health gained $1.92 to $70.40 after offering positive fourth quarter 2023 and 2024 guidance. The company also raised its quarterly dividend by 10%.JM Smucker added $3.37 to $115.80 after reporting higher than consensus third quarter earnings.Design Brands dropped $4.16 to $8.65 after repor...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points at 8:30 AM EST.Alaska Airlines slipped $0.57 to $39.16 and Hawaiian Airlines jumped $8.85 to $13.71 after Alaska Airlines offered to purchase Hawaiian Airlines for $1.9 billion.Bitcoin jumped $2,140.42 to $41,547.22 in overnight trade.Spot gold briefly touched an all-time high at US$2,095.70 in overnight tra...Read More
U.S equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:35 AM EST.Canadian Dollar added 0.05 to US78.88 cents following release of Canada's November Employment Report. Consensus was an increase in employment of 14,000 versus a gain of 17,500 in October. Actual was an increase of 24,900. Consensus was an increase in the Unemployment Rate to 5.8% from 5.7% in Oc...Read More
U.S .index futures were higher this morning. S&P 500 futures added 14 points at 8:35 AM ESTIndex futures were unchanged following release of the October Core PCE Price Index at 8:30 AM EST. Consensus was an annual increase of 3.5% versus 3.7% in September. Actual was an increase of 3.5%Salesforce.com advanced $16.96 to $247.40 after reporting higher than consensus third quarter results.La Z Bo...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points at 8:35 AM EST.Index futures were unchanged following release of updated third quarter real GDP at 8:30 AM EST. Consensus was an annualized increase of 4.9%, unchanged from the previous estimate. Actual was an annualized increase of 5.2%.Intuit gained $1.93 to $567.00 after reporting higher than consensus fis...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EST.Scotia Bank dropped $1.25 to Cdn$59.00 after reporting less than consensus fiscal fourth quarter earnings. Boeing gained $4.25 to $223.55 after RBC upgraded the stock to Outperform.Canada Goose added $0.30 to $10.95 after acquiring a manufacturing facility in Romania. Carnival added $0.05 to $1...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points at 8:30 AM EDT.U.S. retail stocks are expected to open higher following news that U.S. on-line shoppers spent a record $9.8 billion on Black Friday, up 7.5% from last year. Amazon added $0.95 to $147.69. Shopify gained US$2.45 to a 19 month high at US$72.80.GE Healthcare Technologies dropped $2.49 to $71.22 a...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EST.Today is Black Friday, the day historically when annual profits by U.S. retailers turn from "red "to "black".The Canadian Dollar added $0.14 to US73.15 following release of Canada's September Retail Sales. Consensus was unchanged versus a decline of 0.1% in August. Actual was an increase of 0.6%iRo...Read More
Today, U.S. equity markets are closed for the Thanksgiving holiday. Tomorrow U.S. equity markets close at 1:00 PM EST. Volume on U.S. and Canadian equity markets tomorrow are expected to be well below average. Technical NotesMarriott International $MAR a NASDAQ 100 stock moved above $209.92 to an all-time high extending an intermediate uptrend. Lam Research $LRCX a NASDAQ 100 stock moved abov...Read More