|Bid||143.86 x 100|
|Ask||145.90 x 100|
|Day's Range||142.16 - 147.60|
|52 Week Range||97.74 - 173.24|
|PE Ratio (TTM)||115.23|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||3.12 (2.05%)|
|1y Target Est||178.26|
Wall Street eked out a small gain Wednesday as optimism over upbeat earnings offset jitters over rising bond yields and corporate costs. Fred Katayama reports.
An ominous pattern has occurred in the U.S. stock market. Let’s explore, starting with a chart, which can show us this pattern. Please click here for an annotated chart of S&P 500 ETF (SPY) Similar conclusions can be drawn from charts of the Dow Jones Industrial Average (^DJI), Nasdaq 100 ETF (QQQ) and small-cap ETF (IWM).
Strong Boeing Co. quarterly results helped support stocks on Wednesday, a day after post-earnings comments from Caterpillar Inc. tilted equities in the other direction and fed fears the markets’ best days are past. Both Boeing (BA) and Caterpillar (CAT) posted better-than-expected first-quarter results, which was also the case with other industrial behemoths such as Honeywell International Inc.(HON). The mixed reaction to their earnings may say more about investors than the companies themselves. “It’s all about investor sentiment,” said David Kudla, Chief Executive of Mainstay Capital Management.
Twitter Inc (NYSE:TWTR) reported earnings and so just as Caterpillar Inc (NYSE:CAT) did yesterday, it popped and now is falling to -5% fast. Traders have been fickle this earnings season. We have seen great companies report awesome quarters yet get punished because of one reason or another.
Rockwell Automation (ROK) earnings beat estimates in fiscal second quarter and hikes fiscal 2018 earnings guidance backed by favorable global manufacturing environment.
Avery Dennison (AVY) expected to benefit from the multi-year restructuring plan, comprising the consolidation of LGM's European footprint, in 2018.
Markets ended in negative territory on Tuesday after the 10-year Treasury yield briefly hit the psychological 3% mark for the first time since January 2014.
Boeing Co (NYSE: BA) became the latest member of the $DJI 30 to smash Wall Street analysts’ projections early Wednesday, firing up earnings per share of $3.64 vs. analysts’ consensus of $2.56. Revenue of $23.38 billion was more than $1 billion ahead of the $22.2 billion analysts had expected, and the company also raised its outlook. Also on the earnings front, Twitter Inc. (NYSE: TWTR) topped analysts’ earnings projections and reported the second profitable quarter in the company’s history.
U.S. stock futures are set to extend yesterday’s losses. Weakness in stocks was sparked yesterday after the yield on the 10-year Treasury bond blew past 3% — a major psychological level for bonds.
Stock investors are confronting an uncomfortable question more than nine years into the bull market: is this as good as it gets? Signs that the future for companies may not look as rosy as the present weighed on the stock market Tuesday as the Dow Jones Industrial Average sank 1.7%, marking its fifth-straight day of losses, the longest such stretch in more than a year. As The Wall Street Journal’s Morning MoneyBeat newsletter noted on Wednesday, both reports underscore a new consideration: The long-awaited surge in corporate earnings and broad economic growth, which for many years seemed to be a distant hope, now appears to have arrived.
Caterpillar Inc. ( CAT) shares moved more than 6% lower on Tuesday in a volatile session. After the company reported record first quarter profit, shares soared nearly 5% in early trading until the conference call mid-day. During the first quarter, revenue rose 31.4% to $12.9 billion – beating consensus estimates by $970 million – while earnings per share of $2.82 beat consensus estimates by 75 cents per share.
NEW YORK, NY / ACCESSWIRE / April 25, 2018 / Caterpillar was one of the biggest losers in the market on Tuesday after Wall Street became worried about President Trump's steel tariffs increasing costs for ...
FT subscribers can click here to receive FirstFT every day by email. They kissed. They strolled. They planted a tree. Nine months after Emmanuel Macron rolled out the red carpet for Donald Trump on Bastille ...
While the broader market acted weak on Tuesday and technology stocks didn’t help matters, it was the industrial sector that led the charge lower. Shares of Caterpillar Inc. (NYSE:CAT), a major industrial stock, dropped 6.2% on the day after the company’s remarks in the post-earnings call failed to impress investors. As a result, CAT stock left behind on the daily chart what we refer to as a bearish reversal day that now, I think, calls for further weakness in coming weeks.
Caterpillar Inc. executives said a strong first quarter could be a “high-water mark” for the year, a suggestion that pushed down shares in the machinery giant and the broader stock market.
Welcome to Authers’ Note, in which I will attempt to provide some context and analysis on the world of investment each day, and provide you with a handy guide to the best coverage on offer, both here in ...
Japanese stocks slipped on Wednesday morning as weakness on Wall Street soured risk sentiment, while the spotlight fell on Takeda Pharmaceutical which stumbled after it sweetened its takeover bid for Shire to 46 billion pounds ($64 billion). Takeda fell sharply, losing as much as 9.3 percent as investors fretted about its ability to finance the cash and stock deal. Shire said in a statement it had agreed to extend a Wednesday regulatory deadline for the deal talks to conclude to May 8 in order to allow Takeda to carry out more due diligence and firm up its bid.
The yield on the 10-year U.S. Treasury note hit 3% for the first time since 2014 in a vote of confidence for the economic expansion, but warnings from large companies that profits were peaking helped send the Dow industrials to their fifth straight decline. The rise in bond yields early in the day was a signal that the Federal Reserve might have to raise interest rates more rapidly to respond to economic growth and the prospect of more inflation.
To quote the great 'Anchor Man,' Ron Burgundy: "Boy, that escalated quickly." Things certainly escalated quickly for the markets today as the Dow started the day in positive territory then almost immediately switched course and dove deep into the red. led the Dow lower but wasn't the only industrial to suffer on the news, as companies in the sector fell across the board Tuesday. Shares of the Google parent fell nearly 5% after the search giant easily beat first-quarter earnings and revenue expectations only to see concerns about rising costs negate any positive reaction from investors.