|Bid||2,266.00 x N/A|
|Ask||0.00 x N/A|
|Day's Range||2,287.50 - 2,339.50|
|52 Week Range||985.00 - 2,480.00|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||212.99|
|Forward Dividend & Yield||49.52 (2.15%)|
|Ex-Dividend Date||Jan 16, 2020|
|1y Target Est||N/A|
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. The inventory cloud that’s been looming over U.S. manufacturing is starting to dissipate.Lackluster export markets, trade-policy uncertainty and corporate investment cutbacks remain headwinds for America’s factories following a 2019 downturn. But recent economic data show a welcome turn in stockpiles that could help undergird manufacturing after mounting and weighing on industry over the past two years.As 2019 drew to a close, companies made progress cutting into the inventory overhang, bringing stockpiles more in line with sales, a number of corporate officials have indicated on recent earnings calls. That follows a period during which firms simply met demand with on-hand merchandise and supplies, as companies reduced orders and factory production dropped in all but one quarter last year.Government data showed inventories in the fourth quarter increased an annualized $15.2 billion, the smallest advance since a decline in mid-2018. From makers of steel and engines to glass and paper products, companies are signaling that the inventory correction appears to have largely run its course and is boosting outlooks.David Burritt, chief executive officer at U.S. Steel Corp., said on a Jan. 31 call that inventories are low in the automotive market and at auto service centers, with orders and customer interactions suggesting “demand should be solid.““On balance, leaner inventories create a base for a healthier composition of growth in 2020, but we expect a durable rebound in production will be delayed until deeper in the first half,” said Andrew Husby, a Bloomberg economist. “Coronavirus disruptions will impact global demand and supply chains, though the U.S. enters that period well-supported by a strong labor market.”Institute for Supply Management data show a gauge of factory inventories has contracted for eight months in a row, the longest such stretch since a similar manufacturing rough patch in 2015-16. The purchasing managers group’s figures for construction, retail, transportation and other non-manufacturing industries tell a similar story, with a record-low share of respondents indicating inventories are too high.While International Paper, U.S. Steel and Corning are among those seeing the late stage of the inventory correction, others have more work to do get unsold goods more in line with sales.“Given the slowdown in customer demand and the increased availability of product due to lower lead times, we do expect dealers will reduce their inventory levels further,” Andrew Bonfield, chief financial officer at Caterpillar Inc., said on a recent call. “This reduction is expected to be led by construction industries, but will also impact resource industries.”On their face, the government’s monthly data indicate still-troubling levels of inventories. For instance, the inventory-to-sales ratio of durable goods at manufacturers ended 2019 at 1.74 months, the longest in four years.However, the inventory build appears to be concentrated within the transportation and machinery sectors due to Boeing Co.’s embattled 737 Max program. The company continued to build aircraft in 2019, awaiting government re-certification that would allow airlines to take delivery. Production was suspended in January.The coronavirus indeed introduces another layer of uncertainty for the global economic outlook. But with leaner inventories, along with the the potential resumption of Boeing 737 Max deliveries later this year and a thawing in U.S.-China trade relations, manufacturers should be in a better position to ramp up production should demand accelerate.\--With assistance from Alex Tanzi.To contact the reporter on this story: Vince Golle in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Scott Lanman at email@example.com, Vince Golle, Jeff KearnsFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The Dow Jones Industrial Average - that group of 30 blue-chip behemoths with long track records of outperformance - is setting records seemingly every other day.The DJIA has climbed by more than 60% over the past five years on a price basis alone. Add in the dividends - all 30 Dow stocks are dividend payers - and the total return comes to a whopping 85%. The blue-chip average, trading at record levels, has 30,000 in its sights. That would have been unimaginable even half a decade ago.But not all Dow stocks are created equal. Each index component has a solid pedigree. However, their short- to intermediate-term prospects diverge widely, according to Wall Street's analyst community.If you want to pick and choose among the bluest of blue chips, you can look at this full list of 30 Dow stocks that we've sorted by analysts' average recommendation. Here's how it works: S&P; Global Market Intelligence surveys analysts' stock calls and scores them on a five-point scale, where 1.0 equals a Strong Buy and 5.0 is a Strong Sell. Scores between 3.5 and 2.5 translate into a Hold recommendation. Any score lower than 2.5 means that analysts, on average, rate the stock as being Buy-worthy. The closer a score gets to 1.0, the better.Here's a look at how analysts rate all 30 Dow stocks right now - and why. SEE ALSO: 64 Dividend Stocks You Can Count On in 2020
DOW UPDATE Shares of IBM and Caterpillar are trading lower Friday afternoon, dragging the Dow Jones Industrial Average into negative territory. Shares of IBM (IBM) and Caterpillar (CAT) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 75 points lower (-0.
Follow markets long enough and you're bound to hear some speculation regarding the efficacy of Chinese data. Meaning that there are plenty of folks out there that think economic numbers out of the world's second-largest economy may not always be accurate.Source: Provided by Finviz What is not up for debate, however, is that the number of new cases of the coronavirus from China spiked by 15,000 in the mainland, after the method for counting instances of the deadly respiratory illness was altered. That raises doubts, including in the White House, that China isn't being entirely forthright with just how bad the situation is there. As a result, stocks meandered Thursday, listlessly drifting between gains and losses. * The S&P 500 fell 0.16%. * The Dow Jones Industrial Average 0.43%. * The Nasdaq Composite lost 0.14%. * Cisco (NASDAQ:CSCO) was by far the worst-performing Dow name today, plunging 5.23% after revealing tepid guidance for the current quarter.Overall, these are not dramatic declines considering that it is clear the coronavirus situation is far from resolved. If anything, the scenario may be worsening in China and that presents a potential headwind for riskier assets.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStill, with 14 Dow stocks higher in late trading, Thursday wasn't a good day nor was it alarmingly bad. Cisco ConundrumFor tech investors, Cisco just isn't the growth story it once was. Prospects for the networking gear maker partying like it's 1999 again appear grim at this point. The company served up guidance for the current quarter of earnings of 79 cents to 81 cents a share while Wall Street was expecting 80 cents. * 7 Reasons to Own Taylor Morrison Stock As I noted earlier this month, Cisco feels a lot more like an International Business Machines (NYSE:IBM) than a Microsoft (NASDAQ:MSFT).What that means is an ultra-conservative investor may like Cisco for buybacks and dividend growth, but don't expect much in the way of capital appreciation over the near-term. Speaking of MicrosoftMicrosoft was trading slightly lower at this writing after Judge Patricia E. Campbell-Smith approved Amazon's (NASDAQ:AMZN) request for a preliminary injunction on the now controversial $10 billion JEDI contract from the Pentagon.Microsoft, to the surprise of many, particularly Amazon, won that deal and the latter has consistently cried foul since then. Amazon even wants to depose President Trump on the matter.I'm not an attorney or a law professor, but granting the injunction, which halts Microsoft's JEDI work, seems to be a slippery slope. What's to stop any company that loses out on a government contract going forward from pursuing the same action and Campbell-Smith has now established precedent that could encourage sore losers to pursue legal action.There is a $42 million penalty for Amazon should the judge eventually rule the injunction was unnecessary. No, I'm not bearish on Amazon stock. Quite the contrary, but one gets the feeling between the $42 million (assuming it's paid) and legal fees, Amazon could find plenty of better ways to spend capital. Caterpillar AgainCaterpillar (NYSE:CAT) has been getting some run in this space this month and the industrial machinery maker is back again today with good reason.Goldman Sachs upgraded the Dow stock to "buy" from "neutral," while lifting its 12-month price forecast on the stock to $168 from $156. Even at $162, the mid-point of that range, that represents decent upside from today's close around $140. Bottom Line on the Dow Jones TodayTaking a break from the intraday conversation, I figured I'd pass along some interesting research I came across that's relevant to owners of Johnson & Johnson (NYSE:JNJ), UnitedHealth Group (NYSE:UNH) and the other Dow healthcare names.The long and the short of it is, State Street sees opportunity in the group despite this being a presidential election year."The current negativity towards health care sets the stage for the sector to potentially surprise to the upside, thanks to its fundamental backdrop combined with secular tailwinds," said State Street in a recent note. "Health care firms are expected to post the strongest earnings and revenue growth in 2019 of any sector, and over the past three months, analysts have been ratcheting up their 2020 earnings-per-share (EPS) estimates for the sector."As of this writing, Todd Shriber did not own any of the aforementioned securities. He has been an InvestorPlace contributor since 2014. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 20 Stocks to Buy From the Law of Accelerating Returns * 10 Strong Lottery Ticket Stocks That Could Soar in 2020 * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Dow Jones Today: Coronavirus Controversy Reemerges appeared first on InvestorPlace.
Wall Street's main indexes eased from record highs on Thursday, pressured by shares of Cisco after its disappointing quarterly forecast, while a spike in new coronavirus cases in China weighed on the sentiment. The Chinese province at the center of the coronavirus outbreak reported a record rise in deaths and thousands more infections using a new diagnostic method, casting fresh uncertainty over the scale of the virus outbreak. A day earlier, investors had bought on signs that the virus spread was slowing, lifting the benchmark S&P 500 and the Nasdaq to their third straight closing highs.
Wall Street was set to open lower on Thursday after scaling record levels in the previous session, as a spike in new coronavirus deaths and cases in China sent investors scurrying for safe havens. Gold and U.S. Treasuries were in demand as a new diagnostic method pushed the number of new infections in China's Hubei province to 14,840 on Thursday, up from 2,015 cases reported on Wednesday, while the death toll climbed to 1,367. "The virus news coming out of China (is) a bit concerning, especially when investors thought it was all behind them," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
Caterpillar Inc.'s stock rose 0.3% in premarket trading Thursday, and was the only Dow Jones Industrial Average component gaining ground, after Goldman Sachs analyst Jerry Revich turned bullish for the first time in six months, citing an "attractive" risk-versus-reward scenario as the outlook for inventories has improved. Revich raised his rating to buy after being at neutral since Aug. 6, and boosted his stock price target $168 from $156. Revich said he is seeing a combination of a tightening in U.S. construction equipment capacity utilization, dealer inventories and backlog that appear to be approaching "trough" levels and margin tailwinds into 2021 from reduced restructuring and the destocking of inventory. He acknowledged, however, that economic growth in Asia is a "key risk" to his bullish view.
U.S. stock index futures slipped on Thursday, a day after Wall Street closed at record levels, as a spike in the number of deaths and new cases related to the coronavirus outbreak in China sent investors scurrying to safe-haven assets. The S&P 500 and the Nasdaq have set closing highs in the past three sessions while the Dow Jones Industrial finished at an all-time high on Wednesday. NetApp Inc tumbled 11.7% as the data storage equipment maker's current-quarter profit forecast fell short of expectations.
With markets at record levels as fear over the coronavirus diminishes—for now—one optimist says stocks are only going higher. Stifel raised its target for the S&P 500 to 3450 from 3260 on Tuesday.
It was another banner day for U.S. equities as ebbing concerns about the new coronavirus from China served as a springboard for the major domestic benchmarks to hit all-time highs.Source: Provided by Finviz * The S&P 500 vaulted higher by 0.65%. * The Dow Jones Industrial Average surged 0.94%. * The Nasdaq Composite soared 0.90%. * UnitedHealth Group (NYSE:UNH) appeared at peace with the results of last night's New Hampshire Democratic Primary as the stock gained 4.36%, making it the Dow's leader today.The coronavirus situation remains fluid to say the least, but Wednesday's market action suggests investors are wagering that the virus will not worsen and that China will bring some resolution to the situation sooner than later."The pace of new reported cases appears to be slowing down as they hit their lowest levels since late January. Chinese lawmakers have also taken steps to curb a possible economic downturn from the coronavirus," reports CNBC.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Hot & Trendy Generation Z Stocks to Buy In late trading, 20 of the 30 Dow Jones stocks were higher today with about dozen sporting gains of 1% or more. A Bernie Bump?With his victory in New Hampshire last night, Sen. Bernie Sanders is -- at least for the moment -- the Democratic front runner. He is a supporter of Medicare For All and that may confuse some investors about why UnitedHealth has recently been steady and soared today.The reason UNH, one of the names most vulnerable to Medicare For All talk, and the market in general may be rising along with Sanders's momentum requires further examination. Strategists for Standard Charter point out in a recent note that if Sanders is the Democratic nominee this year, that increases the odds of President Trump winning a second term, reports Barron's.Sanders is far from a sure bet at this point simply because Michael Bloomberg, the candidate with the deepest pockets, didn't actively campaign in Iowa and New Hampshire. Rather, the former New York mayor is targeting a big delegate haul from the upcoming Super Tuesday primary slate. Let's see how markets react to those outcomes when they arrive early next month. Bad News Becomes Good NewsNike (NYSE:NKE) was in position to be the second-best Dow stock today due to a combination of ebbing coronavirus concerns and a weak earnings report yesterday from rival Under Armour (NYSE:UA).Those are helpful, but fleeting catalysts. Arguably, a better reason for investors to consider Nike is the company's new retail strategy, one that should have longer-ranging, positive implications. Also in the ClubAlong with UnitedHealth and Nike, Caterpillar (NYSE:CAT) was the other Dow component in the 2% or more club today. This is an obvious China-sensitive name and one that has struggled to start 2020 due in large part to the coronavirus issue.The industrial machinery maker was able to reopen its China-based factories a couple of days ago, but the headwind going forward for Caterpillar will be just how much the "Wuhan virus" is going to shave off global economic, particularly in China. Good News Part IISometimes, the mere thought of good news helps a stock and that was the case with Boeing (NYSE:BA) today after Credit Suisse analyst Robert Spingarn raised his price target on the stock to $367 from $321, but he kept his "hold" rating in place. He believes Boeing is entering a "positive news period.""While nothing material was revealed, the perspectives offered by the company…left us incrementally more constructive on the name," said Spingarn in a note to clients. Bottom Line on the Dow Jones TodayThere are a few more earnings report of note to consider, including Dow component Cisco Systems (NASDAQ:CSCO) later today and PepsiCo (NASDAQ:PEP) and Nvidia (NASDAQ:NVDA) on Thursday.Clearly, the near-term issues investors need to stay abreast of are the coronavirus because a cure hasn't been found and incremental progress could be set back at a moment's notice. In the U.S., there will be some respite on the political front as the Nevada Caucus is over a week away.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 U.S. Stocks to Buy on Coronavirus Weakness * 7 Smart Blue-Chip Stocks to Buy Now * 7 Low-Volatility Stocks to Buy In Jittery Times The post Dow Jones Today: Easing Coronavirus Concerns Propel Stocks Higher appeared first on InvestorPlace.
DOW UPDATE Buoyed by strong returns for shares of UnitedHealth and Nike, the Dow Jones Industrial Average is climbing Wednesday afternoon. Shares of UnitedHealth (UNH) and Nike (NKE) are contributing around one third of the index's intraday rally, as the Dow (DJIA) was most recently trading 289 points (1.
DOW UPDATE The Dow Jones Industrial Average is climbing Wednesday morning with shares of UnitedHealth and Dow Inc. delivering the strongest returns for the blue-chip average. The Dow (DJIA) was most recently trading 212 points higher (0.
DOW UPDATE Shares of Dow Inc. and Caterpillar are posting positive momentum Tuesday morning, propelling the Dow Jones Industrial Average into positive territory. Shares of Dow Inc. (DOW) and Caterpillar (CAT) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 15 points, or 0.
DOW UPDATE Powered by strong returns for shares of Dow Inc. and Caterpillar, the Dow Jones Industrial Average is trading up Tuesday morning. Shares of Dow Inc. (DOW) and Caterpillar (CAT) are contributing to the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 94 points higher (0.
U.S. stock futures have fluctuated on Monday as investors work out what to make of the latest coronavirus developments.
DOW UPDATE Dragged down by declines for shares of Dow Inc. and Caterpillar, the Dow Jones Industrial Average is falling Friday afternoon. Shares of Dow Inc. (DOW) and Caterpillar (CAT) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 278 points, or 0.