|Bid||50.65 x 1800|
|Ask||51.30 x 800|
|Day's Range||51.00 - 52.69|
|52 Week Range||46.75 - 60.52|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||2.80 (5.99%)|
|1y Target Est||N/A|
In YFi-Interactive, Yahoo Finance's Jared Blikre breaks downs the biggest movers of the day. He joins Adam Shapiro.
Stocks rose Friday on low trading volume, as investors took a momentary respite from worries about the U.S.-China trade war, which have dragged down major indexes this week.
The "Halftime Report" traders answer viewer questions on Dow Chemical, Shopify, and Capital One.
Markets rebounding on reports that President Trump will be delaying decision on auto tariffs up to six months. Haverford Trust Co-Chief of Investment Hank Smith says Trump is a slave to the stock market. He joins Yahoo Finance's Seana Smith.
U.S. stocks rose Tuesday as the three major indices clawed back some losses from earlier this week. The S&P 500 rose 0.8%, or 22.57 points, as of market close. The Dow rose 0.82%, or 207.19 points, while the Nasdaq rose 1.14%, or 87.47 points.
Investors have been hearing plenty about geopolitical risk recently, but it has been mostly of the U.S.-China trade variety. That script flipped Thursday after two oil tankers were attacked in the Gulf of Oman, sending crude prices and stocks higher on the day.Source: Shutterstock The tankers had just passed through the Strait of Hormuz near Iran, one of the world's most important areas for oil transport, before being attacked. About a third of all oil shipments that are moved by tanker ships pass through the Strait of Hormuz. Secretary of State Mike Pompeo said Iran was responsible for the attacks.On the back of that news, the United States Oil Fund (NYSEARCA:USO), which tracks West Texas Intermediate futures, jumped 2.26%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Quality Cheap Stocks to Buy With $10 Speaking of gains, they were more modest for the major U.S. equity benchmarks as the Nasdaq Composite and the S&P 500 added 0.57% and 0.41%. The blue-chip Dow Jones Industrial Average posted an even more modest gain of 0.39%. Usual and Unusual SuspectsWith oil trading higher, it was not surprising that two of today's Dow winners were Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), the two largest U.S. oil companies. While there was an obvious catalyst to spark the energy sector, it was one of the Dow's consumer discretionary names that led the index higher today.Shares of media and entertainment giant Walt Disney (NYSE:DIS) soared nearly 4% after Morgan Stanley issued some bullish commentary on the name. Morgan Stanley boosted its price target on Disney to $160 from $135 today, noting that the company's streaming service, Disney+, is a credible threat to Netflix (NASDAQ:NFLX)."Stepping back and admittedly taking the long view, investing in Disney shares is a play on the durability of its IP," said Morgan Stanley analyst Benjamin Swinburne in a note out today.On light news, two of the Dow's other consumer cyclical names -- Home Depot (NYSE:HD) and NIKE (NYSE:NKE) -- were also among the index's best-performing names on the Dow Jones today.The analyst has an "overweight" rating on Disney stock. Speaking of analyst commentary, Boeing (NYSE:BA), the Dow's largest component and a stock frequently highlighted in this space, traded slightly higher despite research firm Berenberg lowering its price target on the aerospace giant to $415 from $430.In the unusual suspects category, Dow Inc. (NYSE:DOW), the lone materials stock in the Dow Jones Industrial Average, added to its recent hot streak. While the materials sector is one of the smallest sector weights in the Dow and the S&P 500, keeping attention lavished upon the group to a minimum, the group is surging this month and is on pace for its best monthly performance in four years. Bottom Line for the Dow Jones TodayLooking at the broad benchmarks, this weeks' market action makes it feel as though the summer doldrums are setting in, but investors should not get complacent. There are just a couple of weeks left in the second quarter and when July arrives, so will the start of another earnings season. In advance of that, investors may want to evaluate how their portfolios are exposed to international revenue streams and the lingering trade spat with China.Expect to hear plenty of about internal revenue exposure on upcoming second-quarter earnings calls and how that affected results and could impact earnings over the remainder of 2019. * 6 Top Stock Trades for Friday: AMD, SQ, DIS "The estimated earnings decline for the S&P 500 for Q2 2019 is -2.3%," according to FactSet research. "For companies that generate more than 50% of sales inside the U.S., the estimated earnings growth rate is 1.4%. For companies that generate less than 50% of sales inside the U.S., the estimated earnings decline is -9.3%."Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Dow Jones Today: Oil Slicks Lift Stocks appeared first on InvestorPlace.
The new materials science company is eager to deliver consistent performance -- and a 6% annual dividend yield -- courtesy of its far-reaching product portfolio.
It wasn't a big surprise at all when chemical manufacturer Dow Inc (NYSE:DOW) split off from the organization formerly known as DowDuPont. Announced last year, the massive conglomerate would form three separate entities: DOW, DuPont (NYSE:DD) and Corteva (NYSE:CTVA). Moreover, the general consensus was that DOW stock, along with the other two names, would perform better individually.Source: Roy Luck via Flickr (modified)The principle idea behind this strategy is simple for anyone to appreciate. As a combined entity, DowDuPont was incredibly confusing and convoluted, similar to General Electric (NYSE:GE). And as you can tell from GE's technical chart, very few people today value large, aimless companies. The emphasis now is on agility, something that Dow Inc stock lacked when tethered to unrelated businesses like Corteva's agriculture.So far, though, that "untethering" thesis is on shaky ground. Sure, DOW stock is up nearly 8% in June. However, shares have crumbled since mid-April. Despite the strong start to the month, DOW is still about 14% shy of returning to its closing high.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy As They Hit 52-Week Lows However, optimists might note that Dow Inc stock suffered from the same pressures as everyone else; namely, geopolitical tensions with China. Of course, the situation currently looks terrible, with both sides not willing to concede an inch.That said, the smart money would eventually go toward a resolution between the No. 1 and No. 2 economies. After all, prolonged tensions do neither side any good.Additionally, the Trump administration's hard-nosed act could be just that, an act. It wouldn't be the first time that the President said one thing and did another. And if we did get that resolution, DOW stock would presumably jump higher.Still, I wouldn't get too excited about Dow Inc stock yet. DOW Stock Is a Complicated InvestmentA cute peculiarity of the DowDuPont breakup is that DOW stock replaced the former in the Dow Jones index. Thus, we have DOW in the Dow.Its inclusion also made sense because the venerable index maintains exposure to the materials sector. Fair enough. But increasingly, it's becoming clear that the markets don't favor big, complicated organizations with broad and disparate reach.We just need to look at the Dow Jones' recent history to confirm this sentiment. Dow Inc stock being listed into the index was the first shakeup since General Electric was kicked out. And what is General Electric but the mother of all complicated organizations?Sure, GE has slimmed down with its own divestments and spinoffs, but it's still confusing relative to modern organizations. I believe that's still the key risk associated with DOW stock.Because let's not overlook what's right in front of our face. Despite the much-covered DowDuPont breakup, Dow Inc stock doesn't provide a clean, linear path. Instead, the underlying company is stretched wide, featuring businesses in consumer products, packaging, industrial materials, large-scale infrastructures and technology.From a topical perspective, the separation into three entities streamlined operations for the individual cogs. Somewhat left out in the equation was that the individual cogs also have non-intuitive structures.Rather than a DOW in the Dow being a positive, it seems like an omen. That's because the Dow Jones has repeatedly kicked out or obstructed these yesteryear organizations. The ones that are still holding on are likely on their last leg.For instance, I thought a jack-of-all-trades company like 3M (NYSE:MMM) offered a contrarian play for its broad industry coverage. I was dead wrong. And I'm concerned the same fate awaits DOW stock: the markets just don't like these types of investments anymore. Don't Hold Your Breath on China or Even MexicoIn order to really see positive sentiment drive Dow Inc stock, speculators must hope for a big news item. A resolution to the U.S.-China trade war, along with normalizing relations with Mexico would do the trick.However, I wouldn't hold my breath on either event. First, I don't think the Chinese are really interested in a trade resolution. From day one, China sought to leapfrog the U.S. as the undisputed technological leader. That's why the Chinese committed brazen acts of corporate espionage. It's the quickest and dirtiest way to accomplish their goals. * 7 Dark Horse Stocks Winning the Race in 2019 Look at it this way: what would a trade deal imply for the Chinese? At the very least, it would mean that they must play by the rules. Ultimately, they'll never go for that because it necessarily means that China plays second fiddle to the U.S.As far as Mexico goes, a truce currently exists: Mexico agreed to impose tighter migrant controls in exchange for a tariff-free relationship with the U.S. But it's a very unsettling one, with Trump able to pull the plug if he doesn't like what he sees. My bet is that he doesn't. That also means we may not have a decisive catalyst for Dow stock for quite some time.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post With or Without DuPont, DOW Stock Is Almost Too Complicated appeared first on InvestorPlace.
Two years ago, Dupont and Dow Chemical merged to form Dow Dupont. Managements meant the union to be temporary so the recent split was not a surprise. But the transition did not go as smoothly for the new three stock entities. Today's writeup is to evaluate the Dow Inc (NYSE:DOW) prospects.Source: Shutterstock DOW stock corrected sharply in May, but that month was also rough for all equities -- it's not a sign of sustainable trouble ahead. So I don't take this drop as an omen for the company's future. The geopolitical and economic unrest, especially between the U.S. and China, put a few wrenches in everyone's plans.In its short new public independent life, DOW stock could be an opportunity. In theory, I would consider this as a speculative trade but with a twist.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Looking Deeper Into DOW StockDOW is still a mature set of businesses, just with a different umbrella. The future is not as unproven as, say, Beyond Meat (NYSE:BYND) or Tilray (NASDAQ:TLRY). Betting on DOW does not carry the same uncertainties as with other typical new stocks.Consensus is that the three spin-offs from Dow-DuPont will each be better on its own. Ultimately this was an elaborate bit of financial engineering.Now, Dow Inc. makes for a good bet for those investors who are looking for a fresh stock to invest in. The recent dip was a good opportunity to start but it still not too late. It doesn't carry the usual intrinsic risks that come with IPOs. * 7 Stocks to Buy As They Hit 52-Week Lows For the long term, there is no reason to wait for the perfect entry point. In the long run Dow Inc stock will be a winner along with the stock market. There will always be demand for its chemical products and services.For those who prefer to trade shorter term, there are important levels to watch for the next few weeks.$50 per share was important for the bulls to overtake. This was a pivot point that now serves as support for the more bullish action. Next, it is important for the DOW bulls to overcome the next challenge zone. The area around $52 per share has been pivotal since inception. Onus is on the bulls to retake it so they can use it as another base for the next leg higher.Specifically, above $51.70 DOW stock can target $54, which is another pivot point. The technical price pattern is unfolding in a predictable manner so it will be easy to track short term success. With the help of proper stops, active traders should do well with it.Conversely, there is an open gap below at $48 per share. Not every gap on stock charts closes, but nevertheless this is a concern -- especially if the negative geopolitical rhetoric deteriorates. If the corrective efforts restart, I expect supports at $49.50 per share.The bulls are breaking through descending trend line of lower highs. To that there is another opportunity to break another one around $53 per share. This is a moving target that changes with the price action but it's a lower high trend that will break and fuel more upside potential.Fundamentally DOW stock sells at 10 price to earnings ratio. This is cheap in relative and absolute terms. So owning Dow Inc. shares here is not likely to be a financial catastrophe, especially in the long run.Furthermore, the macroeconomic conditions still favor the bullish thesis for all stocks. As soon as this geopolitical unrest abates, the equities will set new all-time highs and DOW will benefit from it.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post Dow Inc. Stock Is The Best Bet of the Post-Split Bunch appeared first on InvestorPlace.
When it comes to the new Dow Inc. (NYSE:DOW), you'll hear it's complicated. And it is. That is until investors look at DD stock where the long and short of it merge into a downtrend and a playable bearish position. Let me explain.Source: Shutterstock This past month, DowDupont, one of the world's largest industrial chemical companies, completed some complex financial engineering with a spin-off into three separate publicly traded vehicles. That follows the former company's own existence as the spawn of a tax-saving arrangement a few years ago.Now DowDupont has split into conglomerate-style DuPont (NYSE:DD), agriculture-focused Corteva (NYSE:CTVA) and commodities chemical producer Dow Inc. But management's bright idea to deliver increased shareholder value to its investors -- and likely enrich themselves -- hasn't gone exactly as planned.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor its part DD stock has enjoyed Wall Street's backing. Shares exploded higher this week following an "overweight" initiation by Morgan Stanley. The firm sees value in DuPont regardless of whether it becomes a "true multi-industry" company or keeps its businesses separated.Meanwhile, shares of CTVA have found less enthusiastic support. Among analysts weighing in, eight of 11 rate Corteva with a hold recommendation and $30 price target. Shares of CTVA were recently trading at $27.50. * 10 Stocks to Buy That Could Be Takeover Targets Okay, but what about DOW stock? On the price chart, shares continue to formulate a downtrend despite decrees that the sum of all those parts should be worth more. They're also looking ready for traders to short DOW sooner rather than later. DOW Stock Daily ChartSince being spun off, DOW stock has worked its way into a downtrend within a simple price channel. Last week's new trading low in shares could ultimately resolve itself as a lower-low or undercut double-bottom pattern relative to Dow's March low. For now, though, DOW remains in control of bears. And currently, shares are in the process of setting up for a lower risk short.This week's rally has pushed DOW stock into an area of resistance. The zone is backed by Dow's channel line, the 38% retracement level and Dow's less-than-receptive debut when trading in DOW stock first commenced, and making shares likely top-heavy with anxious bulls looking to sell.For traders agreeable that a bearish trend in motion can stay in motion in DOW stock, I'd recommend waiting on this week's high to be confirmed as a daily pivot within the existing downtrend. From there, placing a stop above the pattern and taking profits as fresh lows develop looks like a winning strategy off and on the price chart with no complex financial engineering required.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. . For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post Why and Where Dow Inc. Stock Is a Bearish Short appeared first on InvestorPlace.
Investing.com - Stocks surged Tuesday in their biggest one-day rally since January after Federal Reserve Chairman Jerome Powell said the central bank stood ready to support the domestic economy if trade wars get too crazy.
China released a 23-page white paper in eight languages that blames the U.S. for the failed trade deal.
"This too shall pass," DowDuPont CEO said of recent economic headwinds from dropping China sales and bad weather in Midwest
Imports of liquefied natural gas (LNG) to Australia - the world's biggest LNG exporter - now appear "highly realistic" as the country struggles to fill a looming gas shortage, U.S. energy giant Exxon Mobil Corp said on Thursday. The assessment will add to the sense of urgency in the industry, which experts say needs at least A$10 billion ($6.9 billion) in new developments to meet longer term gas demand and bring down high prices that are crippling many manufacturers. As recently as a year ago, many thought importing LNG to Australia would be irrational, but shortages are expected as soon as 2022 and there are now five import proposals on the table, including one from ExxonMobil.
A drop in ethanol prices coupled with weak demand for its biomaterial products were major factors in the asset write-down, the company says.
Leave the market at your own peril. Stay in the market at your own peril. That pretty much encapsulates every day in this market and today's no different with the averages opening nicely higher and then working their way down steadily throughout the day.
DuPont said on Tuesday it plans to announce a $2 billion share repurchase program after separation from DowDupont on June 1. DowDuPont, formed in 2017 by the $130 billion merger of chemical giants Dow Chemical and DuPont, is now in the process of splitting into three separate business units - Dow, DuPont and Corteva Agriscience. Dow Inc, which makes chemicals used in cosmetics, paints and packaging, was spun off on April 1.
Moody's Investors Service ("Moody's") assigned Baa2 ratings to unsecured notes to be issued by The Dow Chemical Company. "Dow is taking advantage of relatively low interest rates to refinance its term loan and other near-term maturities," stated John Rogers, Senior Vice President at Moody's and lead analyst on Dow.
The reopening of a portion of a Deer Park, Texas, petrochemical tank farm after a massive mid-March fire may lead to the end of a lockout of union workers at a neighboring Dow Inc plant, said four people familiar with the matter. A March 17 blaze at Mitsui & Co's Intercontinental Terminals Co (ITC) site halted customer access to its undamaged storage tanks and its docks. The fire led to wider disruptions that limited the operations at chemical and refining plants along the Houston Ship Channel.
The stock market was under pressure in afternoon trading amid another avalanche of earnings reports, rising interest rates and a 3.5% drop in oil prices.