Featured Commentary


Stocks / Highlights

Dow 30 Earnings: UnitedHealth Group Third Quarter 2017

10/17/2017 UnitedHealth Group, (UNH) the nation's largest healthcare insurer, reported third-quarter results that met consensus revenue targets and beat earnings expectations by a handsome margin. Too, management raised its EPS guidance for 2017 and reiterated its outlook for 2018. On the heels of these positives, UNH stock rose to a fresh 52-week high north of the $204 mark, and has since retreated to a quotation just below that level. Still, the stock is up more than 5% on the news.
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Stocks / Highlights

Dow 30 Earnings: Johnson and Johnson Third Quarter 2017

10/17/2017  Johnson and Johnson’s quarterly report was better-than-expected, prompting investors to purchase shares.
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Stocks / Highlights

Dow 30 Earnings: Goldman Sachs Third Quarter 2017

10/17/2017 Despite a solid third-quarter performance, investors were disappointed with Goldman Sachs’ lower trading revenues.
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Markets / Commentaries

Stock Market Today: October 17, 2017

10/17/2017 The stock market put in a mixed performance today, as traders digested the latest batch of corporate profit reports. At the close of the session, the Dow Jones Industrial Average was ahead 40 points; the broader S&P 500 Index was up two points; and the NASDAQ was nominally lower. Market breadth was slightly negative, as declining issues outnumbered advancers by a narrow margin on the NYSE. From a sector perspective, the healthcare and utility issues showed some leadership, while the financials, energy, and basic materials issues retreated.
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Markets / Commentaries

Stock Market Today: October 16, 2017

10/16/2017 The stock market started out the new week with a quiet, but constructive, session. At the close of trading, the Dow Jones Industrial Average was ahead roughly 85 points; the broader S&P 500 Index was up four points; and the NASDAQ was higher by 18 points. However, market breadth suggested a somewhat divided showing, as advancers and decliners were just about even on the NYSE. From a sector point of view, the technology, financial, and energy names displayed some leadership, while the healthcare stocks and the utilities declined modestly.
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Markets / Commentaries

Stock Market Today: October 13, 2017

10/13/2017 In a session mostly dominated by the bulls, each of the large-cap indexes set all-time intraday trading highs on Friday before seeing their gains moderated in the lead-up to the closing bell. The optimism was led by the basic materials sector, with consumer cyclicals and technology stocks also doing a large part of the legwork. The market appears to be pricing in the growing sentiment that U.S. corporations will deliver better-than-expected growth in the nascent reporting season. For the day, advancing shares outnumbered declining issues by a ratio of 1.5-to-1.0.
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Stocks / Highlights

Dow 30 Earnings: JPMorgan Chase Third Quarter 2017

10/12/2017 Shares of JPMorgan Chase, (JPM) which have been trading close to their 12-month high lately, slipped modestly even after the company, one of the largest banks in the United States and a member of the Dow 30, turned in decent September-quarter results. The most recent performance was aided by higher interest rates, a benign credit climate, and the company's ongoing efforts to build up its businesses. All told, September-period reported earnings of $1.76 a share exceeded both the $1.58 logged in the comparable quarter of 2016 and our estimate of $1.65. Revenues increased 3%, year to year, powered mainly by a 10% advance in net interest income that was partly offset by a 4% decline in fee-based revenues. Meanwhile, expenses in the quarter were flattish.
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Markets / Commentaries

Stock Market Today: October 12, 2017

10/12/2017 The stock market got off to a weak start this morning, managed to advance slightly around midday, but turned lower again in the afternoon. At the close of the day, the Dow Jones Industrial Average was down 32 points; the broader S&P 500 Index was off four points; and the NASDAQ was lower by 12 points. Market breadth showed a divided session, as advancing issues were about even with decliners on the NYSE. From a sector perspective, the consumer non-cyclical stocks and the basic materials issues moved higher, offsetting weakness in the telecom and energy names.
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Markets / Commentaries

Stock Market Today: October 11, 2017

10/11/2017 The stock market got off to a tentative start this morning, but managed to shape up nicely as the session progressed. At the close of trading, the Dow Jones Industrial Average was up 42 points; the broader S&P 500 Index was ahead nearly five points; and the NASDAQ was higher by 16 points.
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