|Day's Range||2,612.86 - 2,653.19|
|52 Week Range||2,346.58 - 2,940.91|
North Island Chairman & Co-Founder Glenn Hutchins says “the markets do not seem to be forecasting a recession,” despite signs of global economic slowdown. Yahoo Finance’s Editor-in-Chief Andy Serwer speaks to him.
NYSE chief operating officer John Tuttle speaks to Yahoo Finance at the World Economic Forum.
Strategists say stocks are finally sending the right message about earnings reports, after IBM and others shot higher on earnings beats. Stocks in the past two quarters did not really get a lift from positive earnings news, but they may be now, marking a big shift in market psychology. Earnings are expected to be up by about 14 percent in the fourth quarter, compared to the more than 23 percent gain for the prior fourth quarter.
An increasingly innovative strategy could catalyze Dave & Buster's Entertainment Inc.'s (PLAY) stock performance. The company is introducing a range of virtual reality content, which is set to entice customers to return, and is relaunching its menu, aiming to provide a simpler offering that includes greater product diversity. Investing in new technology such as a workforce management system could improve the customer experience.
Some investors complain the Trump administration is too eager to jump into the fray when markets fall with comments aimed at reassuring investors on trade talks and other market-sensitive issues.
White House Council of Economic Advisers Chairman Kevin Hassett said that if the partial government shutdown extends through March, there’s a chance of zero economic expansion this quarter, though “humongous” growth would follow once federal agencies reopen. White House adviser Lawrence Kudlow said late Tuesday that negotiations between the U.S. and China next week will be “determinative,” leaving traders on edge about the prospects for a deal. “The broader concern that I think will continue to creep in here is, leaving trade aside, is how weak is global growth?
Wall Street struggled for direction on Wednesday, as early gains driven by a spate of upbeat earnings were offset by concerns about a potential economic downturn, trade tensions and longest government shutdown in U.S. history. While the S&P 500 was flat and the Nasdaq edged lower, the blue chip Dow Jones Industrial Average rose as positive quarterly results from International Business Machines, Procter & Gamble Co, United Technologies and others helped pull the index into positive territory.
Longleaf Partners Fund declined -20.67% in the fourth quarter, taking its 2018 return to -17.98%. Four primary challenges impacted the Fund's absolute and relative returns in 2018. First, our investment in companies based outside of the U.S. hurt performance, even though many of them have significant U.S. segments.
If you screen for stocks that are outperforming 20-year high-quality market corporate bonds in terms of higher return, you can increase your chances of success. Warning! GuruFocus has detected 2 Warning Sign with DX. The first company is Dynex Capital Inc. (DX) with a price-earnings ratio of 3.55 versus an industry median of 15.5.
Stocks are mostly lower in choppy trade Wednesday after rallying earlier as lingering fears over global growth and U.S.-China trade tensions overshadowed upbeat earnings from corporate heavyweights.
Barely two weeks after slashing his S&P 500 target for 2019, one Wall Street strategist is warning that even that figure may be in jeopardy if corporate earnings disappoint.
Trump likes to take credit when stocks rally, but two years into his presidency, stocks have suffered a reversal of fortune on policy uncertainty.
The S&P 500 and the Nasdaq dropped on Wednesday as U.S. stocks gave up a strong start, hamstrung by lingering concerns over economic growth, while the Dow stayed afloat helped by strong earnings from IBM and other blue-chips. The United States could end up with no growth this quarter if the partial government shutdown that began on Dec. 22 extended through March, White House economic adviser Kevin Hassett said, though he did not see the risk of a credit downgrade.
Trucking company J.B. Hunt Transport Services Inc. said Wednesday it is raising its quarterly dividend to 26 cents from 24 cents a share. The new payment will be made Feb. 22 to shareholders of record as of Feb. 8. Shares were down 2%, and have fallen 11% in the last 12 months, while the S&P 500 has fallen 7.6%.
The Dow Jones Industrial Average rose 24 points in afternoon trade, defying the negative breadth in the broader market, as the sharp gains in three Dow components were enough to keep the blue-chip barometer in positive territory. Of the Dow's 30 components, 21 were trading lower. But the stock price gains for International Business Machines Corp. , United Technologies Corp. and Procter & Gamble Co. after upbeat earnings reports added about 121 points to the Dow's price. Meanwhile, the number of declining stocks lead advancers 1,699 to 1,095 on the NYSE and 1,601 to 1,153 on the Nasdaq exchange. The volume of declining stocks represented 58.8% of total volume on the Big Board and 65.2% of total volume on the Nasdaq. While the Dow gained, the S&P 500 declined 0.2% and the Nasdaq Composite shed 0.5%.
Shares of Ford Motor Co. dropped 2.1% in midday trade Wednesday, ahead of the automaker's fourth-quarter results, which were due after the close. Over the past 20 quarters, Ford had beat the FactSet earnings-per-share consensus 12 times, but the stock has suffered one-day, post-earnings declines 12 times, by an average of 3.2%. The average gain was 3.1%. Ahead of results, J.P. Morgan analyst Ryan Brinkman cut Ford's 2018 EPS estimate to $1.25 from $1.35, trimmed his stock price target to $12 from $13 and lowered his lowered global production outlook by 1.6% to 5.871 million units, with cuts driven primarily by China. Separately, Edmunds analyst Jeremy Acevedo said 2018 marked a rebuilding year for Ford, as the company lost market share and sales declined, and "leaned heavily" on incentive spending to move its aging products off dealer lots. Ford's stock has tumbled 30.4% over the past 12 months, while rival General Motors Co. shares have lost 13.0% and the S&P 500 has declined 7.5%.
Earnings season took a turn for the better after the close on Tuesday and before the open on Wednesday. While it hasn't been enough to keep the S&P 500 and the Nasdaq in the green, it's possible the government shutdown and Trade Wars haven't hit business as hard as the markets anticipated. Grab profits, even if it is simply partial profits, into big moves.
Inc. faced a wave of redemptions in recent months, pushing his assets below $3 billion. Mr. Einhorn’s hedge-fund firm now manages about $2.5 billion, Greenlight told clients Tuesday evening at the firm’s annual meeting at the American Museum of Natural History in New York. The drop marks a new low for one of Wall Street’s most well-known hedge funds.
A global index of stock markets turned negative on Wednesday as worries over U.S. politics, global economic growth and trade tensions offset a boost from quarterly earnings reports. The U.S. dollar and oil prices also declined. U.S. Treasury yields climbed but analysts expect the $15.6 trillion market to be confined within a tight trading range due to a dearth of incentives from fresh economic data amid the longest-ever U.S. government shutdown.
Stocks oscillated between positive and negative territory on Wednesday as worries over U.S. politics, global economic growth and trade tensions offset a boost from quarterly earnings reports. The U.S. dollar and oil prices also declined. U.S. Treasury yields climbed but analysts expect the $15.6 trillion market to be confined within a tight trading range due to a dearth of incentives from fresh economic data amid the longest-ever U.S. government shutdown.