U.S. equity index futures were lower this morning. S&P 500 futures were down 30 points at 8:30 AM EDT.Boeing dropped $5.80 to $167.94 after Wells Fargo downgraded the stock. Target was set at $119.US Steel dropped $2.50 to $35.71 after Vice President Kamala Harris opposed its takeover by Nippon Steel for $14.1 billion. Halliburton dropped $0.23 to $30.86 after the company confirmed that...Read More
U.S. equity index futures were higher this morning. S&P 500 futures gained 19 points at 8:35 AM EDTS&P 500 futures added 3 points following release of the next estimate of second quarter annualized U.S. real GDP. Consensus was unchanged with growth at a 2.8% rate versus a gain of 1.4% in the first quarter. Actual was growth at a 3.0% rate.Nvidia dropped $5.24 to $120.40 despite reporting h...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points at 8:30 AM EDT.Royal Bank is expected to open higher after reporting higher than consensus fiscal third quarter earnings.National Bank is expected to open higher after reporting higher than consensus fiscal third quarter earnings. Bath & Body Works dropped $0.70 to $34.02 after reporting less than c...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EDTNetflix gained $1.79 to $690.23 after Evercore raised its target price to $750.Coca Cola added $0.04 to $70.88 after Morgan Stanley selected the stock as a Top Pick in the food sector.Eli Lilly dropped $9.53 to $941.00 after announcing release of a new form of Zepbound for half the price.Bank of...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:35 AM EDT.S&P 500 futures slipped 1 point following release of July Durable Goods Orders at 8:30 AM EDT. Consensus was a 4.0% increase versus an upwardly revised 6.9% drop in June. Actual was a 9.9% increase. Excluding transportation orders, consensus was unchanged versus a downwardly revised -0.1% de...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points at 8:30 AM EDT.Federal Reserve Chairman is scheduled to speak at the Jackson Hole Symposium at 10:00 AM EDT. Look for guidance on the FOMC's interest rate policy.Intuit dropped $5.29 to $660.00 despite reporting higher quarterly results. The company also announced a round of layoffs. Workday advanced $25.05 t...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT.Synopsys gained $4.43 to $569.11 after reporting higher than consensus fiscal third quarter revenues and earnings.Zoom added $1.10 to $60.23 after reporting higher than consensus second quarter results. The company also offered positive guidance. Charles Schwab dropped $3.22 to $61.35 on news t...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points at 8:30 AM EDT.Toll Brothers advanced $1.22 to $134.97 after reporting higher than consensus fiscal third quarter revenues. The company also offered positive guidance. Microchip Technology dropped $1.65 to $78.63 after reporting a cyber incident.Target gained $18.27 to $161.48 following release of higher than...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EDT.The Canadian Dollar was unchanged at US 73.40 cents following release of Canada's July Consumer Price Index at 8:30 AM EDT. Consensus was a 0.3% increase versus a 0.1% decline in June. Actual was a 0.4% increase. Consensus on a year-over-year basis was a 2.5% increase versus a 2.7% gain in June....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:30 AM EDT.Shake Shack dropped $2.97 to $104.40 after Piper Sandler downgraded the stock.Advanced Micro Devices added $3.95 to $152.57 after announcing a cash and stock purchase of privately owned ZT Systems for $4.9 billion.Este Lauder dropped $8.73 to $89.28 after offering guidance lower than consensus....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points at 8:35 AM EDTS&P 500 futures dropped 9 points following release of U.S. July Housing Starts report at 8:30 AM EDT. Consensus was a drop to 1.350 million units from 1.363 million units in June. Actual was a drop to 1.238 million units.H&R Block added $4.61 to $62.10 after reporting higher than consen...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 41 points at 8:35 AM EDTS&P 500 futures added 29 points following release of economic news at 8:30 AM EDT. Consensus for U.S. July Retail sales was a 0.4% increase versus no change in June. Actual was a 1.0% increase. Excluding auto sales, consensus was a 0.1% increase versus a 0.4% increase in June. Actual was a 0...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 4 points at 8:35 AM EDTThe S&P 500 Index dropped 8 points following release of the July U.S. Consumer Price Index at 8:30 AM EDT. Consensus was a 0.2% increase versus a decline of 0.1% in June. Actual was a 0.2% increase. On a year-over-year basis, July CPI was expected to increase 3.0% versus a 3.0% increase in J...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 33 points at 8:35 AM EDTS&P 500 futures gained 14 points following release of the U.S. July Producer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 0.2% in June. Actual was an increase of 0.1%. On a year-over-year basis, consensus was an increase of 2.3% versus a gain of 2.6% in June...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:30 AM EDT.Keycorp added $1.85 to $16.46 and Bank of Nova Scotia gained $0.55 to US$46.92 after Bank of Nova Scotia purchased a 14.9% interest in Keycorp for US$2.8 billion.U.S. food stocks including General Mills, Mondelez, Hershey and Kraft Heinz moved higher after Goldman Sachs upgraded the sector. Bar...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:35 AM EDT.The Canadian Dollar was unchanged at 72.75 following release of Canada's July Employment Report at 8:30 AM EDT.Expedia advanced $10.53 to $128.70 after reporting higher than consensus second quarter revenues.Yelp added $0.49 to $34.00 after reporting higher than consensus second quarter revenu...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points at 8:30 AM EDT.Robinhood gained $0.48 to $17.60 after reporting higher than consensus second quarter revenues and earnings.Zillow advanced $5.03 to $46.80 after reporting a narrower loss.CF Industries added $2.20 to $75.50 after reporting higher than consensus second quarter revenues and earnings.Eli Lilly ad...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 55 points at 8:30 AM EDT.Fortinet added $8.20 to $64.01 after reporting higher than consensus second quarter results.Airbnb dropped $18.77 to $111.70 after reporting less than consensus second quarter results.Rivian dropped $0.25 to $14.55 after reporting a higher quarterly loss.Walt Disney dropped $0.57 to $89.40 afte...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 34 points at 8:30 AM EDT.Palantir advanced $3.31 to $27.40 after reporting higher than consensus second quarter revenues.Hims & Hers Health dropped $1.14 to $16.70 after cautioning about greater competitive pressures. Caterpillar added $15.70 to $332.50 after reporting higher than consensus second quarter earnings....Read More