|Bid||92.89 x 900|
|Ask||93.18 x 1000|
|Day's Range||92.60 - 98.67|
|52 Week Range||53.21 - 101.58|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||57.17|
|Earnings Date||Nov 18, 2019 - Nov 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||104.80|
The Dow Jones fell for a fourth week as the China trade war escalates, despite a dovish Fed chief Powell. Target, Home Depot, Salesforce rose on earnings.
The Dow Jones Industrial Average was the sole gainer in the stock market today after shaking off hawkish remarks from Fed officials.
Wednesday's bullishness faded on Thursday, with investors mostly spooked by this month's manufacturing activity. IHS Markit says the purchasing manager's index fell below the 50 level last month, for the first time since September 2009. The data jibes with a weak new orders figure.Investors were also conflicted about comments made by German Chancellor Angela Merkel, who suggested there may be a way to facilitate a no-deal Brexit by the Oct. 31 deadline. That news sent the British pound soaring, after sliding lower for months on fears that the United Kingdom's exit from the European Union would be abrupt, causing a ripple effect across the continent.Also holding the market back is lingering concern over last week's inversion of the yield curve.InvestorPlace - Stock Market News, Stock Advice & Trading TipsArturo Estrella, who first identified the connection between yield curve inversions and recessions, said in an interview that "It's impossible to be 100% sure about the future but I'd say the chances of a recession in the second half next year are pretty high."By the time the closing bell rang, the S&P 500 was lower by a 0.05%. The Dow Jones Industrial Average managed a 0.19% gain, and the NASDAQ Composite ended the day off by 0.36%. Top News in the Stock Market TodayOverstock (NASDAQ:OSTK) Chief Executive Officer Partick Byrne is stepping down from his post, effective immediately.Byrne, who founded Overstock 20 years ago, has spent the past several months focused on developing a blockchain-based venture. Last week, however, Byrne threw investors another curveball by saying he was involved in an investigation related to 2016 presidential election. He specifically referred to investigators as "Men in Black." Byrne also conceded he had been in a romantic relationship with Russian operative Maria Butina, who is now in prison for attempted crimes against the U.S. government. Byrne became too much of a liability. * 10 Undervalued Stocks With Breakout Potential Given its long-standing cadence of iPhone releases, investors were largely expecting Apple (NASDAQ:AAPL) to release its next iteration of the popular device in the coming month. Though still not official word from the company, Bloomberg's report adds credibility to the notion that Apple will indeed reveal three new iPhones in September. Two of them will be "Pro" models.It's a matter that's been brewing for some time, but will be coming to a head on Monday. That's when Johnson & Johnson (NYSE:JNJ) will most likely hear from an Oklahoma judge about its liability in the state's opioid epidemic. Oklahoma's attorney general argues that the drug company's sales practices fueled an addiction problem. The attorney general further argues that the problem ultimately claimed 6,000 lives and could cost the state as much as $17.5 billion to abate. Big MoversIt's still dealing with the fallout from its 737 debacle, but Boeing (NYSE:BA) at least caught a small break today on news that the U.S. Air Force has asked the company to upgrade the wings on more than 100 A-10 attack aircraft. The contract could be worth up to $1 billion.BA stock jumped more than 4% in response to the news. Although, some of that bullishness may have also been driven by hope on the 737 front. The company is reportedly planning to ramp up production beginning in February, suggesting airlines are starting to trust the fix being put in place now.Splunk (NASDAQ:SPLK), on the flipside, fell nearly 8% on Thursday despite a solid second quarter, weighed down by an acquisition that is proving less than popular.In its recently completed quarter, Splunk generated revenue of $516.6 million, up 33% year-over-year, driving a small improvement in profits. The software company, however, also announced it would be shelling out $1 billion to acquire cloud monitoring startup SignalFx. While the deal makes Splunk a more well-rounded organization, it's coming at a steep price.Keysight Technologies (NYSE:KEYS) soared over 12% today after last quarter's earnings beat inspired an upgrade. For its fiscal third quarter, Keysight reported record revenue of $1.09 billion, up 8%, and beating expectations of $1.05 billion. Earnings of $1.25 per share were much better than the expected $1.02, prodding Baird to upgrade KEYS stock to "Outperform."Baird analyst Richard Eastman explained "While we acknowledge trade-related impacts on the macro-economy remain risks, our concerns re: Huawei restrictions and related knock-on effects through the tech supply chain have turned out (thus far) to be less restraining to KEYS' growth (esp. in China, 2Q/3Q both +DD%) than our (and the tech industry's) initial calculation."As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Stock Market Today: Boeing Takes Flight, Manufacturing Slumps appeared first on InvestorPlace.
IBD Stock Of The Day: Keysight Technologies soared into a buy zone Thursday after crushing earnings estimates. Wall Street hailed the electronic design and testing company.
Boeing had its biggest up day in months, boosting the Dow Jones Industrial Average to a minor gain. But some techs got throttled. Keysight Technologies broke out.
The Dow Jones and other indexes reversed lower after Federal Reserve member Patrick Harker said he doesn't see the need for an additional rate cut.
Keysight's (KEYS) robust adoption driven by high demand for 5G design and test solutions along with strong pipeline for new business bookings are key catalysts.
Dick's Sporting Goods and Nordstrom led retailers higher, and Boeing topped the Dow Jones today as attention turned toward Jackson Hole.
It's early days in the 5G wireless networks build-out. What 5G stocks will get a boost? The top 5G stocks in which to invest include chipmakers, network gear and fiber-optics makers.
Dow Jones futures point to a stock market rally eyeing 50-day resistance, Apple shows relative strength. Splunk, Synopsys, Keysight are earnings movers
Shares of scientific instrument maker Keysight Technologies were rising more than 10% Thursday to $98.68 after the company topped analysts' third-quarter earnings and revenue estimates and received an upgrade from analysts at Baird. The Santa Rosa, California-based company reported third-quarter earnings of $1.25 a share on revenue that increased 8% to $1.09 billion. "Record third-quarter revenue was driven by growth across the majority of our end markets as we continued to capture a significant portion of the demand we see in the marketplace," said CEO Ron Nersesian.
Keysight (KEYS) delivered earnings and revenue surprises of 22.55% and 4.05%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
Keysight Technologies, Inc. , a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world, announced today participation in the following upcoming event with the financial community.
Keysight Technologies is expected to report net income of $194.9 million, or $1.02 a share, on sales of $1 billion after the market closes on Wednesday, based on a FactSet survey of 9 analysts. Quarterly estimates have risen less than 1 cent a share in the past month. Keysight Technologies is currently trading at a price-to-forward-earnings ratio of 19.3 based on the 12-month estimates of 9 analysts surveyed by FactSet.
Keysight Technologies, Inc. (KEYS), a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world, announced that the company has joined the multi-party 6G Flagship Program – supported by the Academy of Finland and led by the University of Oulu, Finland – as a co-creator to advance wireless communications research beyond 5G. 6G will accelerate the digitalization of economies and society, moving the world significantly closer to becoming a truly global and digital community. The eight-year program envisages a society that by year 2030 is data-driven, enabled by near-instant, unlimited wireless connectivity.
Keysight (KEYS) rides on robust adoption driven by high demand for 5G design and test solutions primarily from telecom vendors, and a strong pipeline for new business bookings.
Moody's Investors Service ("Moody's") upgraded Keysight Technologies, Inc.'s ("Keysight") senior unsecured rating and issuer rating to Baa2 from Baa3. The upgrade to the ratings reflects Keysight's materially improved profitability and revenue growth over the past year following the completion of the integration of IXIA and Moody's expectation that the EBITDA margin will now be sustained in the low to mid-twenties percent level (Moody's adjusted). The Baa2 senior unsecured rating reflects Keysight's leading market position in the Electronic Test Instrument industry, comprised of leading positions across multiple subsegments of the industry, and robust liquidity given the consistently positive free cash flow generation ("FCF") due to healthy profit margins and low capital intensity.
TCL uses Keysight test tools, widely adopted across a connected mobile ecosystem, to speed radio frequency performance testing
Sales growth slowed for the second straight quarter, but investors seemed to focus on double-digit order and sales growth at Keysight's commercial communications segment, which benefited from strong 5G orders.STOCK MARKET TODAY is sponsored by Interactive Brokers. To open an account, go to ibkr.com/whyib