Pre-opening Comments for Friday October 25thU.S. equity index futures were higher this morning. S&P 500 futures added 17 points at 8:35 AM EDT.S&P 500 futures unchanged following release of September U.S. Durable Goods Orders at 8:30 AM EDT. Consensus was a 1.0% drop versus unchanged in August. Actual was a 0.8% dropDexcom dropped $10.90 to $64.00 after lowering guindance.Capital One Finan...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points at 8:30 AM EDT.Canada's major chartered banks lowered their prime lending rate by 50 basis points, matching a drop in the Bank of Canada's interest rate.Tesla gained $20.10 to $233.75 after reporting higher than consensus third quarter results. The company also raised fourth quarter guidance.Lam Research adva...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points at 8:30 AM EDT.Bank of Canada issues an economic outlook statement at 9:45 AM EDT. Consensus calls for a 0.50% drop in the Bank's lending rate. McDonald's dropped $21.69 to $293.00 after confirming an E.coli outbreak at 10 of its western U.S. restaurants had infected 49 people and killed one person.Starbucks...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:30 AM EDT.Nucor dropped $4.41 to $151.70 after reporting lower third quarter earnings. The company also offered lower fourth quarter revenue guidance. Zion Bancorp added $2.86 to $52.30 after reporting higher than consensus third quarter results. Nike added $$0.40 to $81.77 after extending its partnersh...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 16 points at 8:30 AM EDT.People's Bank of China cut its prime lending rate on one and five year lending rates to major banks by 0.25%. The rate on one year loans dropped to 3.1% and the rate on five year loans dropped to 3.6%.Boeing added $5.01 to $160.01 after reaching a tentative agreement with its machinist union....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were up 4 points at 8:35 AM EDT.S&P 500 futures added 7 points following release of the U.S. September Producer Price Index at 8:30 AM EDT. Consensus called for a 0.1% increase versus a 0.2% gain in August. Actual was unchanged. On a year-over-year basis, consensus was a 1.6% versus a 1.7% gain in August. Actual was a 1.8%...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points at 8:35 AM EDT.S&P 500 futures dropped 8 points following release of the U.S. September Consumer Price Index at 8:30 AM EDT. Consensus was a 0.1% increase versus a 0.2% gain in August. Actual was a 0.2% increase. On a year-over-year basis, consensus was a 2.3% increase versus a 2.5% increase in August. A...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points at 8:30 AM EDT.Walt Disney slipped $0.10 to $92.41 as Hurricane Milton approaches Disney World in Florida.Boeing dropped $2.33 to $152.32 after withdrawing its offer to end its labor strike.Arcadium Lithium advanced $1.34 to $5.58 after Rio Tinto offered to acquire the company at $5.85 per share. Value of the...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points at 8:35 AM EDT.S&P 500 futures were unchanged following release of the August U.S. trade report at 8:30 AM EDT. Consensus was a $70.8 billion deficit versus a $78.8 billion deficit in July. Actual was a $70.4 billion deficit.Pepsico dropped $1.97 to $165.24 after lowering revenue guidance.Sage Therapeutic...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points at 8:30 AM EDT.Index futures responded to an escalation of the Middle East conflict. WTI Crude Oil added another $2.07 to $76.41 per barrel. Crude oil prices also were impacted by strengthening of Hurricane Milton in the Gulf of Mexico to a category #3.Chevron added $1.84 to $152.58 after its Canadian subsid...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 30 points at 8:35 AM EDT.Index futures added 16 points following release of the U.S. September Employment Report at 8:30 AM EDT. Consensus for Non-farm Payrolls was a 144,000 increase versus a 142,000 in August. Actual was a 254,000 increase. Consensus for the September Unemployment Rate was unchanged from August...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EDT.Lockheed Martin gained $5.77 to $608.97 after announcing a 4.8% dividend increase and a boost in its share buyback program.Levi Straus dropped $2.12 to $18.94 after trimming its earnings guidance. Tesla dropped $2.87 to $246.15 after reporting less than consensus third quarter deliveries.Chines...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 16 points at 8:30 AM EDT.WTI Crude Oil added $2.38 to $72.21 per barrel due to growing tensions between Israel and Iran.Nike dropped $4.43 to $84.70 after reporting less than consensus fiscal first quarter earnings and after withholding guidance for fiscal 2025.Humana dropped $68.75 to $210.90 due to Medicare Ad...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EDT. CVS Health gained $1.91 to $64.79 after announcing a review of options including a possible breakup of the company.Boeing dropped $1.39 to $150.65 after announcing plans to raise $10 billion by selling shares. McCormick added $1.69 to $83.99 after reporting a higher than consensus fiscal...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:30 AM EDT.Federal Reserve chairman Powell is scheduled to release a comment at 1:55 PM today.Nikkei Average dropped 1,910.10 to $37,919.55 after Ishiba's selection as Japan political leader. He noted that he plans to call for a election in Japan on October 27thU.S. auto stock stocks moved lower after St...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:35 AM EDT.S&P 500 index futures added 5 points following release of economic news at 8:30 AM EDT. Consensus for August PCE Price Index was a 0.2% gain versus a 0.2% gain in July. Actual was a 0.1 % gain. Consensus for core August PCE Price Index was a gain of 0.2% versus a 0.2% gain in July. Actual wa...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 48 points at 8:35 AM EDT.S&P 500 futures added 4 points following release of economic news at 8:30 AM EDT. Consensus for August Durable Goods was a 2.8% decline versus a 9.9% gain in July (impacted by Boeing aircraft sales in July prior to a strike threat). Actual was unchanged. Next estimate for second quarter ann...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EDT.KB Homes dropped $5.18 to $82.24 after reporting less than consensus fiscal third quarter earnings.Progress Software advanced $3.02 to $60.22 after raising guidance following release of third quarter results. Worthington Enterprises dropped $1.60 to $43.69 after reporting less than consensus fi...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points at 8:30 AM EDT.Chinese equity ETFs added 4% after the Chinese government announced a monetary stimulus package intended to revive the economy.Biogen gained $3.25 to $199.06 after announcing positive results for a lupus treatment.Thor Industries dropped $2.41 to $100.78 after the company lowered its annual guid...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT.WTI crude oil gained $0.10 to $71.10 per barrel in response to escalating conflicts in the Middle East.Constellation Energy added another $7.62 to $262.60 following news that the company has reached an agreement with Microsoft to provide additional power from its Three Mile Island complex. Uran...Read More