Focus this week is on second quarter earnings reports released by companies in the U.S. Financial Services sector. Consensus for Earnings and Revenues for S&P 500 companies Source: www.factset.comThe second quarter earnings season is off to a good start: 20 S&P 500 companies have reported results to date. 71% reported earnings above consensus and 81% reported revenue above consensus. Analy...Read More
Pre-opening Comments for Friday July 11thU.S. equity index futures were lower this morning. S&P 500 futures were down 35 points at 8:35 AM EDT. Index futures turned lower last night after President Trump announced his intention to impose an additional 35% tariffs on imports from Canada effective August 1stThe Canadian Dollar was unchanged at US73.20 following two news events: President Trump a...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EDT.Costco gained $10.91 to $993.00 after announcing acceleration in month to month sales growth in June.WK Kellogg jumped $8.67 to $26.17 on news that the company is near a deal to be purchased by Ferrero.Delta Airlines advanced $5.76 to $56.46 after reporting higher than consensus second quarter...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:30 AM EDT.Focus today at 2:00 PM is on the Federal Reserve's meeting minutes for the last FOMC meeting. They may give clues about the timing of the next reduction in the Fed Fund Rate.Copper equities and their related Exchange Traded Fund: (COPX) added $0.40 to $46.05 after President Trump announced a 50...Read More
Global Silver Equity ETF (SIL) moved above $49.43 to a 12 year high extending an intermediate uptrend. Seasonal influences are strongly favourable on a real and relative basis from the end of June to the end of August (Average gain per period during the past 15 years was 7.3%). See www.EquityClock.com for seasonality chart. Also available in Canadian Dollars through HUZ.TO!Trader's CornerEquity In...Read More
Pre-opening Comments for Tuesday July 8thU.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:30 AM EDT. Exxon Mobil dropped $0.31 to $110.80 after issuing a profit warning for the second quarter due to lower crude oil and natural gas prices. Capital One added $1.87 to $220.00 after TD Cowen upgraded the stock to Buy.Bank of America dropped $0.96 to $47.70...Read More
U.S. equity index futures were lower this morning after the Trump Administration confirmed that tariffs will go into effect on August 1st. S&P 500 futures were down 14 points at 8:30 AM EDT.President Trump signed the "One Big Beautiful Bill" on Friday. Following is a link summarizing changes included in the Bill compared to current federal tax legislationhttps://www.cnbc.com/2025/07/03/trump-b...Read More
featured on Wolf on Bay Street, where Don Vialoux is the guest presenter. To be released tomorrow, Saturday, at 7.00 pm EDT on Corus Radio (Radio 640).More from the network: Stock Market Outlook for July 14, 2025Canada Labour Force Survey for JuneStock Market Outlook for July 11, 2025Stock Market Outlook for July 10, 2025Stock Market Outlook for July 9, 2025Read More
Europe iShares (IEV) moved above $63.47 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable until the end of July. See: https://charts.equityclock.com/ishares-msci-europe-imi-index-etf-tsexeu-to-seasonal-chartMexico iShares (EWW) moved above $61.31 extending an intermediate uptrend. Seasonal influences are favourable until the end of July. See: https://charts....Read More
to our fellow Canadian (and friends of Canada) readers. Tech Talk will return tomorrow, July 2nd. See you then!More from the network: Stock Market Outlook for July 14, 2025Canada Labour Force Survey for JuneStock Market Outlook for July 11, 2025Stock Market Outlook for July 10, 2025Stock Market Outlook for July 9, 2025Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EDT.Following a successful stress test by U.S. banking authorities, Bank of American announced plans to increase its dividend by 8%. The stock added $0.03 to $48.18.JP Morgan Chase also responded to a successful stress test. The company announced a $50 billion share buyback program and a dividend i...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points at 8:30 AM EDT.The Canadian Dollar recovered 0.07 to US73.16 cents after the Canadian government rolled back its proposed digital service tax on U.S. media companies.Nvidia added $1.00 to an all-time high at $158.75 returning to become the highest valued stock in the world. Walt Disney gained $2.25 to $124.59...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:35 AM EDT.S&P 500 futures slipped 4 points following release of economic news at 8:30 AM EDT. Consensus for May Core PCE Price Index was a 0.1% gain versus a 0.1% gain in April. Actual was a 0.2% gain. On a year-over-year basis, consensus was a 2.6% gain. Actual was a 2.7% gain. Consensus for May Per...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points at 8:35 AM EDT.S&P 500 futures drop 5 points following release of economic news at 8:30 AM EDT. Consensus for May U.S. Durable Goods Orders was a 7.5% increase versus a 6.3% increase in April (boosted by aircraft sales). Actual was a 16.4% increase. Consensus for updated U.S. first quarter annualized real...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT.FedEx dropped $4.51 to $224.51 after issuing fiscal first quarter guidance below consensusBlackberry advanced $0.39 to US$4.72 after reporting higher than consensus quarterly results. The company also offered positive guidance. Microsoft gained $1.24 to $491.35 after Wells Fargo hiked its target...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 43 points at 8:35 AM EDT.The Canadian Dollar was unchanged at US72.89 cents following release of Canada's May Consumer Price Index at 8:30 AM EDT. Consensus was a 0.5% increase versus a 0.1% decrease in April. Actual was a 0.6% increase. On a year-over-year basis consensus was a 1.7% increase. Actual was a 1.7% increas...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points at 8:30 AM EDT.Crude oil advanced $0.79 to $74.63 per barrel following escalation of the Israel/Iran conflict following the U.S. "bunker bomb" attack over the weekend. Northern Trust added $6.21 to $118.06 on rumors that Bank of New York Mellon is planning a takeover offer. Estee Lauder added $1.51 to $75.19...Read More
Pre-opening Comments for Friday June 20thU.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:35 AM EDT.Volume on U.S. exchanges today is expected to be higher than average. Today is Quadruple Day for the last trade day for listed June equity and index options and futures S&P 500 futures added 8 points following release of the June Philly Fed Manufact...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:35 AM EDT.S&P 500 futures were unchanged following release of U.S. May Housing Starts at 8:30 AM EDT. Consensus calls for a drop to 1.350 million units from 1.361 million units in April. Actual was a drop to 1.256 million unitsThe Federal Reserve's decision on the Fed Fund Rate is released at 2:00 PM...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:35 AM EDT.S&P 500 futures slipped 2 points following release of May U.S. Retail Sales at 8:30 AM EDT. Consensus was a 0.6% drop versus a 0.1% gain in April. Actual was a 0.9% drop. Excluding auto sales, consensus for May Retail Sales was a 0.2% increase versus a 0.1% increase in April. Actual was a...Read More