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Yesterday, Walt Disney earned an adjusted $1.42 per share for its latest quarter, missing Street forecasts by eight cents, with revenue also falling short of estimates. Disney saw subscriber losses at its sports cable network ESPN and spent more on programming and...
Oil, China and currencies: They’re all in play today as a slew of global events sweep markets. Market Insights recently detailed how President Trump’s trade policies weakened business confidence overseas. Last week we cautioned the slowdown — especially in China —...
Consumer stocks on the rise, just in time for a series of important news events. Of all the major sector-tracking SPDR ETFs, consumer discretionary (XLY) is closest to its 52-week high. (See RadarScreen® below.) That shows bullish sentiment toward the group and may...
Trade Notes: The U.S. imposed new sanctions on Iran at midnight after President Trump signed an executive order which will stop the purchase of dollar banknotes, while also targeting the country’s auto industry and banning the import of Persian rugs and pistachio nuts...
Click here to register for the webinar. S&P 500 overview: Fills January gap, holds key 2800 level August 2 outside day was key session for chart watchers Quiet calendar favors drift higher, but is a breakout possible in late August? Bonds and the Fed: Treasury...
President Trump's trade spat with China has gained a lot of attention this week, but don't forget U.S. sanctions on Iran take effect on Monday, August 6. The measures will obviously have an impact on energy. The only trouble is no one really seems to know what it will...
Key Notes: Strong payroll growth combined with unexpected pressure in wages (average hourly earnings) could raise expectations for higher interest rates to come. This morning’s announcement of an 157,000 rise in nonfarm payrolls for July is at the low end of what...
It hasn't been a perfect week for earnings, but the big names came through. First and foremost, Apple (AAPL) shot to a new all-time high above $200. Not only did did the tech giant beat estimates, details of the income statement revealed a company that's evolving in a...
It might be the dog days of summer, but initial public offerings (IPOs) keep on coming. Some $4.3 billion of stock was priced in new companies last month, according to data from ClickIPO. It was the strongest July since 2014 and the second-highest total for July in...