U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points at 8:30 AM EDT.The Bank of Canada will update strategy on its lending rate to Canada's banks at 10:00 AM EDTMicrosoft advanced $14.88 to $345.31 after reporting higher than consensus fiscal first quarter revenues and earnings. Texas Instruments dropped $6.62 to $140.30 after reporting less than consensus thir...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points at 8:30 AM EDT.General Electric added $5.38 to $112.07 after reporting higher than consensus third quarter earnings. The company also raised guidance. Cadence Design Systems dropped $8.92 to $231.00 after the company lowered guidance. Crane gained $3.32 to $86.00 after reporting higher than consensus third qu...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 16 points at 8:30 AM EDT.Index futures responded to a six basis point increase in the yield by U.S. Treasuries to 5.00%.Hess added $0.96 to $163.98 after Chevron offered to buy the company for $53 billion cash. Each Hess share will convert into 1.025 shares of Chevron.Walgreens Boots added $0.69 to $21.95 after JP Mor...Read More
The Bottom LineThird quarter report season is "off to a good start". Reports released to date generally have recorded higher than consensus results (notably by the U.S. money center banks). Analysts were prompted to raise estimates. Revenue and earnings gains on a year-over-year basis are projected to accelerate in the fourth quarter. The stage is set for a recovery in North American equity market...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EDT.UnitedHealth Group added $6.76 to $532.30 after reporting higher than consensus third quarter earnings. The company also raised fourth quarter guidance.Dollar General advanced $8.17 to $110.00 after the company reappointed its retired former chief executive officerWells Fargo gained $0.74 to $40.48...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:35 AM EDT.Index futures dropped 11 points following release of the September Consumer Price Index released at 8:30 AM EDT. Consensus was an increase of 0.3% versus a gain of 0.3% in August. Actual was an increase of 0.4%. On a year-over-year basis, consensus was an increase of 3.6% versus a gain of 3.7% i...Read More
Equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EDT.Index futures added 5 points after the September Producer Price Index was released at 8:30 AM EDT. Consensus was an increase of 0.3% versus a gain of 0.7% in August. Actual was an increase of 0.5%. On a year-over-year basis, consensus was an increase of 1.6% versus a gain of 1.6% in August. Actual w...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:30 AM EDTPalantir added $0.39 to $18.00 after the company won a new Army contract valued at $250 million.Juniper Networks dropped $0.87 to $25.95 after JP Morgan reduced its rating from Overweight to Neutral. Target was lowered from $32 to $29.Cambium Network dropped $0.05 to 5.39 after JP Morgan lowered...Read More
(Updates prices) By Pratima Desai LONDON, Oct 9 (Reuters) - Copper prices rose to aone-week peak on Monday as Chinese buyers returned after aweek-long holiday, but further gains are unlikely due togenerally weak demand in top consumer China, a strong dollar andrising inventories. Benchmark copper on the London Metal Exchange (LME)was up 0.6% at $8,090 a metric ton by 1615 GMT, after earliertouchi...Read More
Monday (October 9th) is Canadian Thanksgiving. We shall return on Tuesday (10th) with the next Tech Talk report.Pre-opening Comments for Friday October 6thEquity index futures were higher this morning. S&P 500 futures were down 30 points at 8:35 AM EDT.Index futures plunged 33 points following release of the September Employment Report at 8:30 AM EDT. Consensus for Non-farm Payrolls was...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points at 8:35 AM EDT.Index futures dropped 8 points following release of the U.S. August Trade Report at 8:30 AM EDT. Consensus was a deficit of $65.10 billion versus a deficit of $65.00 billion in July. Actual was a deficit of $58.3 billion.Colgate dropped $6.01 to $125.82 after the company warned that a cyberatt...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT.Economic focus today is on the September ISM Non-Manufacturing PMI released at 10:00 AM EDT. Consensus calls for a slip to 54.0 from 54.5 in August.Cal-Maine dropped $6.00 to $41.50 after reporting less than consensus fiscal first quarter earnings.Apple dropped $1.64 to $170.76 after KeyBanc do...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 23 points at 8:30 AM EDT.Point Biopharma jumped $5.67 to $12.35 after Eli Lilly offered to purchase the company at $12.50 per share. Value of the offer is $1.4 billion.McCormick dropped $2.32 to $72.40 after reporting less than consensus fiscal third quarter earnings.Apple slipped $1.15 to $172.60 after Citigroup remo...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EDT.Nvidia advanced $5.21 to $440.20 after Goldman Sachs upgraded the stock to its Conviction List.FedEx added $10.7 to $265.79 after Susquehanna included the stock on its Positive List. Toast dropped $0.42 to $18.31 after Mizuho downgraded the stock from Buy to Neutral.Chubb dropped $3.23 to $204....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points at 8:35 AM EDT.Index futures were unchanged following release of U.S. economic news at 8:30 AM EDT. Consensus for the August PCE Price Index was an increase of 0.5% versus a gain of 0.2% in July. Actual was an increase of 0.4%. On a year-over-year basis, consensus was an increase of 3.5% versus a gain of 3.3%...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points at 8:35 AM EDT.Micron dropped $2.90 to $65.31 after reporting less than consensus fiscal fourth quarter revenues.Peloton gained $0.74 to $5.39 and Lulu lemon added $0.96 to $380.00 after announcing a partnership.Weyerhaeuser slipped $0.28 to $30.70 after the company lowered its third quarter outlook. Eq...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points at 8:35 AM EDT.Index futures added 3 points following release of August Durable Goods Orders at 8:30 AM EDT. Consensus was a 0.5% versus a drop of 5.2% in July. Actual was an increase of 0.2%.Costco slipped $8.46 to $544.50 despite reporting higher than consensus fiscal fourth quarter revenues and earnings. C...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points at 8:30 AM EDT.Thor Industries dropped $2.12 to $92.70 after reporting lower than consensus fiscal fourth quarter sales.United Natural Foods dropped $2.41 to $16.51 after the company reported a loss in its fiscal fourth quarter.Ford slipped $0.03 to $12.55 after announcing a pause in construction of a $3.5 b...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:30 AM EDT. Walt Disney added $0.60 to $81.85 and Netflix gained $3.74 to $383.55 on news that the Writers Guild and the movie studios have reached a tentative labour agreement. Amazon advanced $1.23 o $130.35 after announcing a $4 billion investment in Anthropic, a company involved in Artificial Intelli...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:35 AM EDT.The Canadian Dollar was unchanged at US 74.49 cents following release of July Canadian Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.4% versus a gain of 0.1% in June. Actual was an increase of 0.3%. Excluding auto sales, consensus was an increase of 0.5% versus a gain of 0.8% in J...Read More