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
Next report is to be released on Tuesday, January 2nd. Monday is a holiday in most equity markets. HAPPY NEW YEAR!More from the network: Stock Market Outlook for December 4, 2023Stock Market Outlook for December 1, 2023Stock Market Outlook for November 30, 2023Stock Market Outlook for November 29, 2023Stock Market Outlook for November 28, 2023Read More
U.S. equity index futures were mixed this morning. S&P 500 futures unchanged at 8:30 AM EST.UnitedHealth Group added $3.10 to 528.00 after booking a $7 billion charge following a deal to sell its Brazil operations. Jabil slipped $0.58 to $127.40 after lowering its fiscal second quarter outlook.Expedia added $0.90 to $154.18 after Ascendiant Capital raised its target price from $133 to $168....Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 8:30 AM EST.Microsoft added $0.76 to $374.83 after Wedbush raised its target from $425 to $450.Livent gained $0.21 to $18.11 after Mizuho raised its target price from $15 to $20.SQM advanced $3.08 to $64.05 after the company arranged a partnership to develop lithium in Chile.Netflix added $2.08 to $493.97 aft...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:35 AM EST.Index futures were unchanged following release of economic data at 8:30 AM EST:November Durable Goods Orders were expected to increase 1.7% versus a decline of 5.4% in October. Actual was an increase of 5.4%.November Core PCE Price Index was expected to increase 0.2% versus a gain of 0.2% in Oct...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 34 points at 8:35 AM EST.S&P 500 Index futures added 10 points following release of economic news at 8:30 AM EST. Consensus for the updated annualized U.S. third quarter real GDP was unchanged at 5.2%.Actual was a slip to 4.9%. Consensus for the December Philly Fed Index was -3.0 versus -5.9 in November. Actual was...Read More