74.12 -0.32 (-0.43%)
After hours: 7:53PM EST
|Bid||73.84 x 1400|
|Ask||74.84 x 3000|
|Day's Range||74.39 - 77.40|
|52 Week Range||71.91 - 85.33|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-5.16%|
|Beta (5Y Monthly)||1.28|
|Expense Ratio (net)||0.13%|
Honeywell International Inc. reported Friday a fourth-quarter adjusted profit that topped expectations while sales fell a bit shy. The aerospace and industrial company's stock was little changed in premarket trading. Net income declined to $1.59 billion, or $2.16 a share, from $1.74 billion, or $2.31 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share grew 11% to $2.06, above the FactSet consensus of $2.04. Sales fell 2% to $9.50 billion, below the FactSet consensus of $9.61 billion. Among business segments, aerospace and performance materials and technologies sales missed expectations, while building technologies and safety and productivity sales beat. For 2020, Honeywell expects EPS of $8.60 to $9.00, surrounding the FactSet consensus of $8.80, and expects sales of $36.7 billion to $37.8 billion, below expectations of $38.1 billion. The stock has gained 3.3% over the past three months, while the SPDR Industrial Select Sector ETF has advanced 5.8% and the S&P 500 has tacked on 8.1%.
Earnings season is well underway, and industrial giant Caterpillar and energy companies Chevron and Exxon Mobil will round out the week’s reports when they deliver quarterly results ahead of the market open.
The movements in these sector ETFs should be watched closely as the phase-1 trade deal is being signed and there is no tariff relief for a huge chunk of goods until phase-2.
U.S. stock indexes closed at new record highs on the first trading day of 2020, with bulls building on the best year for the S&P 500 since 2013 after a move by China’s central bank aimed at stimulating the country’s economy.
Shares of General Electric Co. are starting 2020 with a bang, as the 5.2% gain leads all gainers among its large-capitalization industrial peers. The rally puts the stock on track to close at the highest price since Oct. 23, 2018. The stock is adding to its 2019 gain of 53.4%, which was the best yearly performance since it soared 65.4% in 1982. It followed up a dreadful two years for the stock, in which it suffered its worst-ever yearly performance in 2018--it tumbled 56.6% that year, after suffering its fourth-worst year in 2017 with a 44.8% decline. GE's stock has now rallied 38.0% over the past three months, while the SPDR Industrial Select Sector ETF has gained 10.8% and the Dow Jones Industrial Average has advanced 10.3%.
Boeing has announced production halt of 737 MAX airliner in January with no timeline of output resumption. The news could benefit/hurt these ETFs.
Canaccord Genuity Managing Director Tony Dwyer joins On The Move panel to discuss how the markets have been acting amid the coronavirus and what investors should look for as they invest.
All three major indexes closed in the after Tuesday's trading session, continuing their steep declines after Monday's thousand-point plunge. The Final Round panel discusses the latest market action, and how the coronavirus outbreak could continue to affect markets.
The Nasdaq touched a record high, despite coronavirus fears weighing on the minds of investors. AEI Residential Fellow and former IMF official Desmond Lachman joins Yahoo FInance’s Seana Smith on The Ticker to discuss.
Stifel Head of Institutional Equity Strategy Barry Bannister joins the On The Move panel to discuss the best cyclical sectors to invest in as the federal reserve continues to hold on rate cuts.