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Stocks / Highlights

Dow 30 Earnings: International Business Machines Fourth Quarter 2017

Theresa Brophy | 01/19/2018

Shares of International Business Machines (IBM) head sharply lower after the company reports its fourth-quarter and full-year results.

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Stocks / Highlights
Dow 30 Earnings: American Express Fourth Quarter 2017

Ian Gendler | 01/19/2018

American Express, (AXP) a Dow-30 component and one of the world's largest issuers of credit cards, has reported December-period and full-year financial results. For the quarter, due to a tax charge, the company incurred a share loss of $1.41. However, we view the tax item as non-recurring in nature and, absent that charge, share net came in at $1.58. That figure was $0.09 higher than our estimate, and compares favorably to the year-ago tally of just $0.88 a share. For the full year, Amex achieved share earnings of $5.89, or 4% better than 2016's profits. Following the earnings report, shares of American Express were down slightly in after-market trading.

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Markets / Commentaries
Stock Market Today: January 19, 2018

Harvey S. Katz, CFA and Robert Harrington | 01/19/2018

The U.S. stock market largely shook off fears of a government shutdown on Friday, with the majority of equities advancing over the course of the session. The indexes were more mixed, especially early on, but the S&P 500 and NASDAQ 100 eventually realized solid gains in the afternoon hours, rising once more to new intraday highs in the final half hour of trading. The Dow was less impressive, but did rebound from a 60-plus point deficit and finished the day in positive territory, back above the 26,000-point threshold. Overall, gaining shares essentially doubled declining issues.

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Markets / Commentaries
Stock Market Today: January 18, 2018

Harvey S. Katz, CFA and Robert Harrington | 01/18/2018

On a day that saw many equities slip from recently set all-time highs, the major U.S. indexes exhibited modest weakness. The Dow, which opened slightly higher, fell quickly into the red and scarcely showed signs of a recovery. The S&P 500 and NASDAQ were a bit more resilient at times, with each composite group rising briefly above their respective breakeven line in the afternoon. But a late-day selloff saw each index fall sharply, while overall breadth favored declining issues (which outnumbered advancers two-to-one).

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Markets / Commentaries
The Beige Book Sees Steady Economic Growth and Moderate Inflation

Harvey S. Katz, CFA | 01/17/2018

The Beige Book, a Federal Reserve publication about current economic conditions across the nation's 12 Federal Reserve Districts, which is used by central bank economists to assess the overall direction and pace of business change, was released a bit earlier this afternoon and found that the economy had continued to expand from late November to the end of 2017.

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Stocks / Highlights
Dow 30 Earnings: Goldman Sachs Fourth Quarter 2017

Adam James Platt | 01/17/2018

Goldman Sachs’ December-quarter top-line performance underwhelms investors, sending shares lower in trading.

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Markets / Commentaries
Stock Market Today: January 17, 2018

Harvey S. Katz, CFA and Adam Rosner | 01/17/2018

The stock market opened solidly higher this morning, and managed to aggressively build upon these gains through the afternoon. At the end of the session, the Dow Jones Industrial Average was up 323 points and closed over 26,000; the broader S&P 500 Index was ahead 26 points; and the NASDAQ was higher by 75 points.

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Stocks / Highlights
Dow 30 Earnings: UnitedHealth Group Fourth Quarter 2017

Erik M. Manning | 01/16/2018

UnitedHealth Group, (UNH) the nation's largest health insurer and a Dow-30 component, has reported results for the fourth quarter and full-year 2017. The company beat both revenues and earnings expectations and significantly lifted its outlook for earnings in 2018 to reflect the changing tax code. On the heels of this positive news, the stock was up modestly and is now trading comfortably north of $230 a share.

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Markets / Commentaries
Stock Market Today: January 16, 2018

William G. Ferguson and Adam Rosner | 01/16/2018

The equity markets delivered a mixed-to-weaker performance today in a highly volatile trading session, as Wall Street returned from a holiday weekend. Specifically, stocks opened sharply higher this morning, but the gains fizzled as the day progressed. At the close of trading, the Dow Jones Industrial Average, after breaking through the 26,000 mark earlier today, ended down 10 points; the broader S&P 500 Index was off 10 points, as well; and the NASDAQ was lower by 37 points.

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