77.16 -0.13 (-0.17%)
Pre-Market: 7:00AM EST
|Bid||73.34 x 1000|
|Ask||73.86 x 1000|
|Day's Range||77.03 - 78.07|
|52 Week Range||63.55 - 80.96|
|PE Ratio (TTM)||346.59|
|Expense Ratio (net)||0.14%|
Capacity utilization is a key macroeconomic indicator that helps us understand the health of US industries. Sudden changes in capacity utilization levels across industries or within a specific sector indicate the chance of a business cycle change. Capacity utilization is the percentage of capacity utilized of the total potential output.
The Federal Reserve released its industrial production report for December on February 15. The report indicated that industrial production fell 0.1% in January as compared to a 0.9% increase in December. The Industrial Production Index tracks the manufacturing (XLI), gas and utilities (XLU), mining (XME), and electric sectors.
General Electric (GE) announced that in 4Q17 it didn’t receive a dividend from GE Capital. In the words of Jamie Miller, GE’s chief financial officer and senior vice president, during the 4Q17 earnings call, “We did not receive a dividend from GE Capital in the quarter and this is in line with our prior communications. FCF (free cash flow) is calculated by subtracting capex from a company’s operating cash flows.
The Bureau of Labor Statistics (or BLS) released the “Job Openings and Labor Turnover Survey” (or JOLTS) data for December on February 6. The JOLTS data comes from a monthly survey on job openings, number of new employees hired, number of employees who have quit or asked to leave, and other job separations. The JOLTS report gives insight into labor demand from industries.
In July 2017, Boeing (BA) created its new Global Services unit out of its existing verticals. Boeing is scouting potential targets to put its newly formed Global Services division on an entirely different platform. BA’s CEO, Dennis Muilenburg, aims to more than triple the new division’s revenue to $50.0 billion over the next ten years.
In the railroad business, operating ratio is an important metric that’s widely tracked. While Union Pacific’s total operating revenue rose 5% in 4Q17, its operating expenses declined 0.1%. Union Pacific recorded a decline of 60 basis points in its 4Q17 operating margin.
Yahoo Finance's Seana Smith, Dion Rabouin, Julia La Roche, and Dan Roberts discuss why the market selloff has some similarities with the crash of 2008.
Yahoo Finance's Seana Smith, Andy Serwer, and Myles Udland are joined by CEO and Co-Founder of Ellevest Sallie Krawcheck to discuss why the market slid into the red today.