|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||260.85 - 264.13|
|52 Week Range||235.43 - 286.58|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.09%|
Dr. Pepper Snapple, Anthem, Google and AMC are the companies to watch.
General Electric (GE) released its 1Q18 earnings on April 20. On an adjusted basis, the company’s earnings per share (or EPS) came in at $0.16, up 14.0% YoY (year-over-year) from the restated $0.14 in 1Q17. GE surpassed Thomson Reuters–surveyed analysts’ adjusted EPS target of $0.11 by a whopping 41.3%.
Major emerging market economic indicators released in the past weeks include the following: India’s manufacturing PMI (purchasing managers’ index) Brazil’s manufacturing PMI Russia’s manufacturing PMI China’s manufacturing PMI India’s service PMI China’s service PMI Brazil’s service PMI Russia’s service PMI Indonesia’s manufacturing PMI Mexico’s manufacturing PMI
In the week ending April 13, natural gas inventories declined by 36 Bcf (billion cubic feet) to 1,299 Bcf—based on the EIA’s (U.S. Energy Information Administration) data announced on April 19. The fall in the EIA’s data was 13 Bcf more than the market’s expectation. On April 19, natural gas June futures fell 2.6%. Natural gas oversupply concerns could have dragged natural gas prices on the day.
On April 24, natural gas June 2018 futures rose 1.4% and settled at $2.81 per MMBtu (million British thermal units). On April 17–24, natural gas June futures rose 1.6%.
Despite the volatile price action in the broader market, Salesforce.com, Inc. (NASDAQ:CRM) has been rather steady. Already CRM stock is up 19% on the year, dwarfing the gains of the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) and the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), which are flat and up 4%, respectively. Also for the record, Salesforce stock is up 45% over the past 12 months.
The Dow Jones Industrial Average looks prepared to add to Tuesday's losses, despite some strong earnings reports from major players and little other news, as investors fret about interest rates continuing to rise. The Dow Jones Industrial Average futures are fluctuating between gains and losses of less than 0.1%, while S&P 500 futures are 0.3% lower and Nasdaq Composite futures are 0.2% lower. There will no doubt be more attention paid to the 10-year Treasury yield again today, although DataTrek's Nicolas Colas writes that he's more concerned with two-year Treasuries.