|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||143.36 - 161.10|
|52 Week Range||97.74 - 173.24|
|PE Ratio (TTM)||114.63|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||3.12 (2.05%)|
|1y Target Est||178.26|
Stocks getting smoked as yields keep rising and tech tumbles.
Catepillar, Verizon and 3M are the Yahoo Finance charts of the day
CNBC's Jim Cramer says CEOs need to be careful. Even the red-hot earnings can't hold up if they say the wrong thing.
Japanese stocks slipped on Wednesday as weakness on Wall Street soured risk sentiment, while the spotlight fell on Takeda Pharmaceutical which stumbled after it sweetened its takeover bid for Shire to ...
Caterpillar Inc. executives said a strong first quarter could be a “high-water mark” for the year, a suggestion that pushed down shares in the machinery giant and the broader stock market.
Welcome to Authers’ Note, in which I will attempt to provide some context and analysis on the world of investment each day, and provide you with a handy guide to the best coverage on offer, both here in ...
Japanese stocks slipped on Wednesday morning as weakness on Wall Street soured risk sentiment, while the spotlight fell on Takeda Pharmaceutical which stumbled after it sweetened its takeover bid for Shire to 46 billion pounds ($64 billion). Takeda fell sharply, losing as much as 9.3 percent as investors fretted about its ability to finance the cash and stock deal. Shire said in a statement it had agreed to extend a Wednesday regulatory deadline for the deal talks to conclude to May 8 in order to allow Takeda to carry out more due diligence and firm up its bid.
The yield on the 10-year U.S. Treasury note hit 3% for the first time since 2014 in a vote of confidence for the economic expansion, but warnings from large companies that profits were peaking helped send the Dow industrials to their fifth straight decline. The rise in bond yields early in the day was a signal that the Federal Reserve might have to raise interest rates more rapidly to respond to economic growth and the prospect of more inflation.
To quote the great 'Anchor Man,' Ron Burgundy: "Boy, that escalated quickly." Things certainly escalated quickly for the markets today as the Dow started the day in positive territory then almost immediately switched course and dove deep into the red. led the Dow lower but wasn't the only industrial to suffer on the news, as companies in the sector fell across the board Tuesday. Shares of the Google parent fell nearly 5% after the search giant easily beat first-quarter earnings and revenue expectations only to see concerns about rising costs negate any positive reaction from investors.
Google parent Alphabet (GOOGL) slumped after its margins fell, and big bellwether stocks including construction-euqipment-maker Caterpillar (CAT) fell on concerns about future earnings. Investors have been particularly skittish this year about rising prices, which could force the Federal Reserve to raise interest rates faster than expected. On Tuesday, executives from both Caterpillar and 3M (MMM) mentioned that their materials costs are rising, and that they're offsetting those increases with higher prices.
Wall Street dropped sharply on Tuesday as warnings by bellwether companies of higher costs reverberated as the benchmark U.S. 10-year Treasury yield pierced the 3 percent level for the first time in four years. Other companies, including Lockheed and 3M, also gave disappointing updates, adding to the sting of rising Treasury yields. This market rally for the last nine years has been driven by low interest rates, accommodating monetary policy and excess liquidity," said Oliver Pursche, chief market strategist for Bruderman Asset Management in New York.