Featured Commentary


Markets / Commentaries

Stock Market Today: November 17, 2017

Harvey S. Katz, CFA, Adam Rosner, and Robert Harrington | 11/17/2017

Though lingering concern about tax reform led to a mostly negative day for the large-cap indexes, market breadth favored the bulls on Friday. The Russell 2000 added roughly 7 points during the session, while advancing shares outnumbered declining issues by a 1.8to-1.0 margin. Strength was found mostly in the cyclical consumer goods, basic materials, and energy sectors, which helped to offset selling in the utility and noncyclical sectors.

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Stocks / Highlights
Dow 30 Earnings: Wal-Mart Stores Fiscal Third Quarter 2017

Kevin Downing | 11/16/2017

Shares of Wal-Mart (WMT) gain following the release of the company’s fiscal third-quarter results and guidance.

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Stocks / Highlights
Dow 30 Earnings: Cisco Systems First Quarter Fiscal 2018

Kevin Downing | 11/16/2017

Networking equipment and software vendor Cisco Systems (CSCO) has reported in-line results for the October-quarter. Revenue of $12.1 billion fell 2% year over year, matching our estimate. Overall, product sales decreased 3%, while service revenue rose 1%. Earnings per share of $0.61 were flat compared to last year and beat our call by a penny.

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Markets / Commentaries
Stock Market Today: November 16, 2017

Harvey S. Katz, CFA and Adam Rosner | 11/16/2017

The stock market moved strongly higher this morning, and managed to maintain these gains through the afternoon. Of note, a batch of solid corporate profit reports likely helped fuel today’s advance. At the end of trading, the Dow Jones Industrial Average was up 187 points; the broader S&P 500 Index was ahead 21 points; and the NASDAQ was higher by 87 points.

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Markets / Commentaries
Stock Market Today: November 15, 2017

Harvey S. Katz, CFA, Robert Mitkowski, and Robert Harrington | 11/15/2017

U.S. equities struggled on Wednesday, with declining shares outnumbering advancing issues from bell to bell. The bull market continues to face some turbulence as a decline in oil prices and ongoing uncertainty regarding tax reform conspired to bring the large-cap indexes lower during the session. There were notable selloffs in the non-cyclical consumer goods, energy, technology, and utilities sectors, while only telecommunications stocks were able to muster a meaningful aggregate advance.

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Stocks / Highlights
Dow 30 Earnings: The Home Depot Fiscal Third Quarter 2017

Matthew E. Spencer | 11/14/2017

Shares of The Home Depot were little changed after the home-improvement retailer delivered solid fiscal third-quarter financial results.

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Markets / Commentaries
Stock Market Today: November 14, 2017

Harvey S. Katz, CFA, Mario Ferro, and Adam Rosner | 11/14/2017

Stocks got off to a weak start in the morning, and were unable to stage a meaningful recovery in the afternoon. At the end of trading, the major averages were stuck in negative territory. The Dow Jones Industrial Average was down 30 points; the broader S&P 500 Index was off six points; and the NASDAQ was lower by almost 20 points. Market breadth showed a negative bias to the session, with losers outpacing winners on the NYSE. Essentially, all of the major stock sectors lost ground. There was notable weakness in the energy and basic materials issues, accompanied by falling crude oil prices. 

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Markets / Commentaries
Stock Market Today: November 13, 2017

William G. Ferguson, Robert Harrington, and Adam Rosner | 11/13/2017

The equity markets opened lower this morning, but managed to firm up in the afternoon. At the end of the session, the major averages remained in positive territory. The Dow Jones Industrial Average was ahead roughly 17 points; the broader S&P 500 Index was up three points; and the NASDAQ was higher by seven points. Market breadth was slightly negative, with decliners modestly ahead of advancers on the NYSE. Nonetheless, many equity sectors still managed to make some progress, with respectable gains in the utility and consumer issues. In contrast, the energy and telecom names declined sharply today.

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Stocks / Highlights
Dow 30 Earnings: The Walt Disney Company Fourth Quarter Fiscal 2017

Orly Seidman | 11/10/2017

Shares of media conglomerate and Dow-30 component The Walt Disney Company (DIS) are higher after the release of September-quarter results.

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