Posts Comments

Stocks Dip on Mixed Earnings

Downgrade

The U.S. equity markets are trading modestly lower in early action, with the Street digesting a plethora of earnings reports, with Target's upbeat quarterly results overshadowing some cautious guidance, while Hewlett-Packard issued a profit warning due to the U.S. dollar's strength. Lowe's Companies posted favorable 4Q results and guidance, while Dollar Tree topped earnings expectations but offered a disappointing outlook. Treasuries are lower as Federal Reserve Chairwoman Janet Yellen will continue her Congressional testimony, while U.S. mortgage applications fell and new home sales are due … [Read more...]

Stocks Higher Following Favorable Jobs Report

wallstrally

The U.S. equity markets are trading higher in early action, with traders digesting a stronger-than-expected domestic January nonfarm payroll report, which showed strong upward revisions to the prior months' job growth figures and a solid rebound in wages. Treasuries are trading lower on the heels of the jobs report, along with gold prices, while the U.S. dollar and crude oil prices are gaining ground. Meanwhile, a read on consumer credit is due out in the final hour of trading. In earnings news, Twitter bested the Street's quarterly forecasts, while Expedia missed earnings projections. In … [Read more...]

Stocks Higher as Volatility Remains

stocks-up6

The U.S. equity markets are trading higher in early action, though volatility remains amid oil's wild swings as of late, mixed global earnings and economic data, and a flare-up in Greek debt concerns. Treasuries are moving lower following a smaller-than-expected rise in U.S. jobless claims, while separate reports showed domestic nonfarm productivity unexpectedly declined and the trade deficit surprisingly widened. In earnings news, Yum Brands posted disappointing earnings but relatively stronger-than-expected sales figures, while Under Armour posted better-than-forecasted quarterly results but … [Read more...]

Equities Mixed on Plethora of Data

Mixed Data

The domestic equity markets are mixed in late-morning action on the heels of a heavy dose of global economic and earnings data. Meanwhile, energy stocks are giving back some of their recent rally as crude oil prices are paring their sharp rebound seen in the past few sessions, exacerbated by a disappointing Chinese services sector report. However, losses are being held in check by some favorable domestic services sector releases, upbeat eurozone economic data, continued easing of Greek debt concerns, and China's announcement of further stimulus measures. Treasuries are trading lower, while … [Read more...]

Stocks Choppy Following Manufacturing Data

Triple Dip2

On the heels of some disappointing manufacturing reports out of the U.S. and China, the domestic equity markets are mixed in choppy afternoon action, though energy stocks are gaining ground as crude oil prices are trading to the upside. Treasuries are lower even as other U.S. economic reports showed construction spending missed forecasts and personal income and spending diverged. Meanwhile, in U.S. earnings news, Dow member Exxon Mobil topped the Street's earnings forecasts, while Sysco matched analysts' earnings expectations but missed analysts' profit margin forecasts. Gold and the U.S. … [Read more...]

Stocks Lower on Mixed Earnings and a Miss on GDP

dow_down

The domestic equity markets are trading lower in early action, with a mixed bag of corporate earnings reports being accompanied by a softer-than-expected preliminary read on U.S. 4Q GDP growth, though personal consumption topped forecasts for the quarter. Treasuries are trading higher following the GDP report, which preceded reads on regional manufacturing activity and consumer sentiment due out after the opening bell. Amazon.com posted stronger-than-expected 4Q earnings and Dow member Visa topped the Street's quarterly estimates, while Google and Deckers Outdoor missed analysts' quarterly … [Read more...]

Stocks Declining After String of Gains

Dow Continues To Soar To Record Levels

Coming off a fourth-straight session of gains, the domestic equity markets are trading lower in late-morning action. Stocks are pulling back slightly from yesterday's rally that came from the announcement by the European Central Bank (ECB) to expand its stimulus measures to include the purchase of government bonds. Meanwhile, the U.S. economic calendar offered some mixed data, with existing home sales and the Leading Index rising, while manufacturing growth unexpectedly decelerated. Elsewhere, Asian stocks finished broadly to the upside and European equities are mostly higher as the ECB's … [Read more...]

Stocks Declining After String of Gains

Downgrade

Coming off a fourth-straight session of gains, the domestic equity markets are trading lower in late-morning action. Stocks are pulling back slightly from yesterday's rally that came from the announcement by the European Central Bank (ECB) to expand its stimulus measures to include the purchase of government bonds. Meanwhile, the U.S. economic calendar offered some mixed data, with existing home sales and the Leading Index rising, while manufacturing growth unexpectedly decelerated. Elsewhere, Asian stocks finished broadly to the upside and European equities are mostly higher as the ECB's … [Read more...]

Stocks Declining Ahead of Policy Decision in Europe

Dowtech_down

The domestic equity markets are trading lower in early action, despite some gains for oil prices, coming off a resilient session yesterday though traders may be treading lightly ahead of tomorrow's highly anticipated monetary policy decision from the European Central Bank (ECB). The ECB is expected to deploy expanded asset purchases to include government bonds. Meanwhile, earnings reports are ramping up, with Dow member IBM topping the Street's profit forecasts but missing on revenues and offering a disappointing outlook. In other earnings news, Netflix exceeded analysts' profit projections as … [Read more...]

Stocks Seeing Red as Global Mood Worsens on Data

Stocks Seeing Red1

The U.S. equity markets are trading lower in late-morning action on the heels of a disappointing domestic December retail sales report. The global mood was dampened by the recent drops in crude oil and copperprices, which are weighing on commodity-related stocks, while sentiment is being exacerbated by a lowered global growth forecast from the World Bank. Financials are being hamstrung by Dow member JPMorgan Chase & Co's disappointing earnings report due to a larger-than-expected legal expense. Treasuries are rallying amid the soured global sentiment, while gold is higher, crude oil prices … [Read more...]