Despite better than consensus fourth quarter earnings and revenue reports released to date by large cap U.S. and Canadian companies, equity market indices on both sides of the border have stalled below their all-time highs set at the end of January. Analysts have started to take a more cautious stance on strong earnings and revenue gains expected in 2025.Political uncertainty in Canada and the U.S...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:35 AM EST. S&P 500 futures slipped 2 points following release of the U.S. January Employment Report. Consensus for January Non-farm Payrolls was 175,000, down from upwardly revised 307,000 in December. Actual was 143,000. Consensus for the January Unemployment Rate was 4.1%, unchanged from December....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:30 AM EST.The Bank of England lowered its lending rate to major banks from 4.75% to 4.50%.Qualcomm dropped $8.31 to $167.69 after announcing lower than expected intellectual property licencing revenues in fiscal first quarter. Ford dropped $0.54 to $9.47 after offering weaker than consensus first quarter...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 23 points at 8:35 AM EST.S&P 500 futures were unchanged following release of the December U.S. Trade Report at 8:30 AM EST. Consensus was an increase in the deficit to $97.10 billion versus a deficit of $78.20 billion in November. Actual was a $98.4 billion deficit.Advanced Micro Devices dropped $4.63 to $114.91 a...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points at 8:30 AM ESTPalantir advanced $18.67 after reporting higher than consensus fourth quarter results.Clorox dropped $2.80 to $156.98 after lowering its revenue outlook.Aecom added $2.10 to $105.95 after reporting higher than consensus fiscal first quarter earnings. The company also offered positive guidance. Me...Read More
U.S. equity index futures are sharply lower this morning. S&P 500 futures were down 92 points at 8:30 AM EST. Index futures around the world moved lower following President Trump's announcement on tariffs that will hit U.S. imports starting tomorrow.The Canadian Dollar plunged 0.63 to US68.14 cents following the tariff news. It fell in overnight news to a 22 year low at US68.50 cents before re...Read More
U.S. equity index futures were higher this morning. S&P 500 futures added 24 points at 8:35 AM EST.S&P 500 futures slipped 4 points following release of economic news at 8:30 AM EST. Consensus for the December Core PCE Price Index was a 0.2% increase versus a 0.1% gain in November. Actual was a 0.2% gain. December U.S. Personal Income was expected to increase 0.4% versus a 0.3% gain in Nov...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:35 AM EST.S&P 500 futures were unchanged following release of the fourth quarter U.S. GDP report. Consensus was growth at a 2.7% annual rate versus growth at a 3.1% rate in the third quarter. Actual was growth at a 2.3% rate.Meta advanced $7.51 to $684 after reporting higher than consensus fourth qua...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points at 8:30 AM EST.Bank of Canada's Decision on interest rates is released at 9:45 AM EST on Wednesday. Consensus calls for a 0.25% drop to 3.00%. Press Conference is offered at 10:30 AM ESTFOMC decision on interest rates is released at 2:00 PM EST on Wednesday. Consensus calls for no change in the Fed Fund Rate...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:35 AM EST.S&P 500 futures dropped 6 points following release of December Durable Goods Orders at 8:30 AM EST. Consensus called for a 0.1% increase versus a 1.2% decline in November. Actual was a 2.2% drop. Excluding Transportation Orders, consensus called for a 0.3% increase versus a 0.2% decline in N...Read More
U.S. equity index futures were sharply lower this morning. S&P 500 futures dropped 120 points at 8:30 AM EST.Leading the weakness were Artificial Intelligence stocks on concern that China's DeepSeek has developed a lower cost technology. Nvidia plunged $17.06 to $125.75. Microsoft dropped $26.55 to $417.51AT&T added $0.41 to $23.13 after reporting higher than consensus fourth quarter earni...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:30 AM EST.Boeing dropped $4.50 to $174.00 after the company pre-reported a large fourth quarter write downTexas Instruments dropped $7.61 to $193.00 after issuing a first quarter earnings forecast below consensus.Intuitive Surgical dropped $13.63 to $595.03 despite reporting strong fourth quarter results...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:35 AM EST.The Canadian Dollar was unchanged at US69.42 cents following release of Canada's November Retail Sales report at 8:30 AM EST. Consensus was a 0.2% gain versus unchanged in October. Actual was unchanged. Alcoa added $0.87 to $38.88 after reporting higher than consensus fourth quarter results.Kin...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:35 AM EST.The Canadian Dollar dropped 0.50 to U.S. 69.22 cents following news that tariffs on Canadian goods exported to the U.S. will take effect on February 1stThe Canadian Dollar eased an additional US 0.05 cents following release of Canada's December Consumer Price Index at 8:30 AM EST. On a year-ove...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points at 8:30 AM EST.Netflix advanced $123.29 to an all-time high at $992.97 after reporting a higher than consensus increase in subscriptions. United Airlines added $4.18 to an all-time high at $114.70 after reporting higher than consensus fourth quarter results.Interactive Brokers gained $7.06 to an all-time high...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 43 points at 8:30 AM EST.S&P 500 futures added 6 points following release of December U.S. Housing Starts at 8:30 AM EST. Consensus was 1.330 million units versus 1.289 million units in November. Actual was 1.500 million units.SLB added $0.80 to $41.89 after reporting higher than consensus fourth quarter revenue an...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:35 AM EST.S&P 500 futures dropped 5 points following release of economic news at 8:30 AM EST. Consensus for December U.S. Retail Sales was a 0.5% increase versus a 0.7% increase in November. Actual was a 0.4% increase. Excluding auto sales, consensus for December U.S. Retail Sales was a 0.5% increase...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 84 points at 8:35 AM EST.S&P 500 futures added 63 points following release of economic news at 8:30 AM EST. Consensus for the December Consumer Price Index was a 0.4 % increase versus a 0.3% increase in November. Actual was a 0.4% increase. On a year-over-year basis, consensus was a 2.9% increase versus a 2.7% gain...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 29 points at 8:35 AM EST.S&P 500 futures advanced 27 points following release of the December Producer Price Index at 8:30 AM EST. Consensus was an increase of 0.3% versus a gain of 0.4% in November. Actual was a 0.2% gain. On a year-over-year basis, consensus was a 3.5% increase versus a 3.0% increase in November....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 38 points at 8:30 AM EST.WTI Crude oil advanced $0.98 to a five month high at $77.55 per barrel after the U.S. raised sanctions against Russia's energy industry. Intra-cellular Therapeutics gained $33.86 to $128.63 after Johnson-& Johnson offered to buy the company in a deal valued at $14.6 billion.Moderna dropped...Read More