|Bid||0.00 x 1800|
|Ask||0.00 x 1300|
|Day's Range||74.29 - 75.25|
|52 Week Range||66.95 - 80.96|
|PE Ratio (TTM)||336.86|
|Expense Ratio (net)||0.14%|
Carter Worth, Cornerstone Macro, looks at what could be an industrial-sized problem. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, David Seaburg, Steve Grasso and Brian Kelly.
Are new highs ahead? A market bull says don't worry, just keep buying. With Keith Parket, UBS, CNBC's Melissa Lee and the Futures Now traders, Pete Najarian, Tim Seymour, Karen Finerman and Dan Nathan.
US stocks edge higher as the G7 summit gets underway in Canada. Yahoo Finance's Seana Smith discusses the market's reaction with Alan Valdes of SilverBear Capital.
The S&P is stuck at a key level. Is a breakout or break down coming? With Carter Worth, Cornerstone Macro, CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Brian Kelly, Dan Nathan and Guy Adami.
The US added 223,000 jobs in May while the unemployment rate dropped to 3.8%. Yahoo Finance's Seana Smith, Pras Subramanian and Andy Serwer discuss the report with Shawn Snyder, Head of Investment Strategy at Citigroup Global.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action. As of 12:45 pm ET, the Dow Jones Industrial Average components ranked highest to lowest are: INTC Intel Corp 1.06% MCD McDonald's Corp 0.79% AAPL Apple Inc 0.69% UNH UnitedHealth Grp Inc 0.64% PG Procter & Gamble Co 0.58% NKE Nike Inc Cl B 0.43% MSFT Microsoft Corp 0.35% TRV The Travelers Companies Inc 0.27% HD Home Depot Inc 0.18% BA Boeing Co 0.12% DIS Disney (Walt) Co 0.10% KO Coca-Cola Co -0.06% IBM Intl Business Machines Corp -0.14% WMT Wal-Mart Stores -0.14% MRK Merck & Co -0.27% JNJ Johnson & Johnson -0.38% UTX United Technologies -0.43% CSCO Cisco Systems -0.48% V Visa Inc -0.46% GS Goldman Sachs Grp -0.53% JPM JPMorgan Chase & Co -0.54% VZ Verizon Communications -0.55% MMM 3M Co -0.56% PFE Pfizer Inc -0.82% GE General Electric Co -0.82% AXP American Express Co -1.12% CAT Caterpillar Inc -1.19% DWDP DowDuPont Inc -1.30% XOM Exxon Mobil -2.69% CVX Chevron Corp -4.19%
Fears of tariffs and a potential global trade war have jostled U.S. stocks over the past few months, but there is a sense among investors that the market is taking the drum beat of rhetoric and statements more in stride. In the latest salvo, U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday, and Beijing threatened to respond in kind. The benchmark S&P 500 index (.SPX) ended down only 0.1 percent on Friday.
The US Bureau of Labor Statistics releases a monthly report that tracks price trends in wholesale markets. The PPI (producer price index) is constructed using the inputs of a monthly survey of industries in the manufacturing sector (XLI). The survey consists of questions that determine changes in raw materials prices, production levels, and finished goods.
The US Federal Reserve has a dual mandate of achieving maximum employment and stable prices (TIP) in the economy. In recent months, the US unemployment rate has moved to multiyear lows, and it looks set to fall further, as there are more jobs available than the number of job seekers, according to the recent Job Openings and Labor Turnover Survey. The strengthening of the job market was acknowledged in the June FOMC statement, and it remained the key reason for the Fed to comfortably tighten policy.
In Week 22, eastern US rail carrier CSX (CSX) posted a slight carload volume loss of 1.5% YoY (year-over-year). This Jacksonville-headquartered railroad company is getting back on track after weakness over the last year. In Week 22, CSX’s carload traffic fell YoY to over 67,500 units from ~68,500 units. The company’s carload volumes trended in contrast with those of its competitor Norfolk Southern (NSC) and the 0.2% overall rise recorded by US railroad companies (XLI).
Are Trade Wars Improving the US Trade Deficit? The US international trade deficit decreased to $46.2 billion in April—a healthy decline compared to the revised March reading of $47.2 billion. The report was prepared by the U.S. Bureau of Economic Analysis and the Census Bureau.
June can be a rough month for U.S. stocks. The sixth month of the year is the fourth-worst for both the S&P 500 and the Dow Jones Industrial Average. Not surprisingly, that the theme of broader market ...
Mark Zandi, the chief economist of Moody’s Analytics, said that US job growth remains strong but is slowing, as businesses are unable to fill the record number of job openings. The low unemployment rate is making it harder for businesses to find suitable employees, which is forcing them to offer higher wages, leading to an overheating economy. As per the May ADP employment report, job growth in the professional and business services sector continued to be the key driver for jobs additions.
The Bureau of Economic Analysis (or BEA) released its second estimate for the first-quarter real GDP on May 30. The report indicated that all four major components had a positive contribution to GDP growth in the first quarter. The service sector (IYC) was the second-highest contributor to US economic growth.
Durable goods orders reflect new orders placed with domestic manufacturers to deliver high-value factory hard goods. The durable goods orders in April were reported below the market expectations. The durable goods orders decreased by $4.2 billion or 1.7% to $248.5 billion.
In Week 20 (ended May 19), eastern US major Norfolk Southern’s (NSC) carload traffic grew 3.2% YoY (year-over-year) to ~70,000 railcars (excluding intermodal) from ~67,900. The company’s carload traffic growth was higher than the 1.2% YoY rise posted by US railroads (GWR) and competitor CSX’s 0.8% YoY growth. This year, NSC’s carload volumes have grown more than CSX’s.
In this article, we’ll review Canadian Pacific Railway’s (CP) cash flow levels and compare them to the levels of other US Class I railroad companies (XLI).
In Week 20 (ended May 19), western US rail freight major BNSF Railway’s (BRK.B) carload traffic rose 4.3% YoY (year-over-year) to ~97,600 railcars (excluding intermodal) from ~93,500. Competitor Union Pacific (UNP) followed BNSF Railway in terms of carload growth, posting a 3.7% rise YoY. BNSF’s carload growth rose 1.2% YoY.
The company has a mean rating of 2.0, which indicates a “buy.” Of the total analysts, nine analysts have a “strong buy” recommendation on BA stock. Ten analysts have a “buy” rating on the company’s common shares. The remaining analysts suggest a “hold” rating on the company.
The deal between General Electric (GE) and Wabtec (WAB) has been approved by their boards of directors. According to the agreement, General Electric will receive $2.9 billion in cash at the closing for a 9.9% stake in the new entity. GE and its stockholders will be entitled to a 50.1% ownership interest in the combined entity.
Boeing (BA), the Chicago-based aircraft maker, has become the most talked-about industrial stock in the Dow Jones Industrial Average Index (DIA). Boeing’s market capitalization was $200.5 billion as of May 18. After replacing General Electric (GE) as the US manufacturer with the largest market capitalization, the company has a bigger role to play in the Dow Jones Industrial Index.
A year ago, Jeff Immelt told investors at an industry conference there was a "mismatch" between the performance of company he led, General Electric Co (GE.N), and its stock price. Immelt, whose departure as chief executive was announced last June, proved prescient but perhaps not in the way he was thinking: GE shares have declined 45 percent since that conference and hit a nearly nine-year low in March. On Wednesday, Immelt's successor as chief executive of the industrial conglomerate, John Flannery, will make the case for GE's investment potential at the same annual Electrical Products Group investor conference in Longboat Key, Florida.
The US Census Bureau publishes a monthly report that tracks new orders for machinery, tools, and equipment for US industries. This data is released by the US Census Bureau through the Manufacturer’s Shipments, Inventories, and Orders (or M3) survey. Capex spending by industry can be assessed through this economic indicator.