Jan 30- Dover Corp, the maker of pumps, drill bits and other industrial products, posted a higher quarterly profit, helped by higher sales in its engineered systems business. Net income from continuing operations rose to $210.8 million, or $1.22 per share, in the fourth quarter ended Dec. 31, from $208.2 million, or $1.16 per share, a year earlier.
The relatively sharp jump in interest rates since the beginning of May has taken a toll on the stock market, and analysts see more pain ahead.
While there is not yet a "Great Rotation" out of bonds and into stocks, there is certainly a 'mini-rotation.' But into...what?
Japanese stocks are rising as Prime Minister Shinzo Abe's coalition won control of the upper house of the Parliament.
If all you followed were Google and Microsoft, you might have reason to be depressed about earnings. But look a little beyond them and you'll cheer up.
Thus far, second quarter earnings have put in a mixed showing. Not great, but at least not a horror show.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
Take a look at some of Thursday's midday movers:
With 30 percent of the S&P 500 reporting, it's clear there is a trend developing. Revenues are in trouble. But earnings continue to grow.
Good news to see some cyclicals (Materials, Energy, Tech) trading up; not good to see all 20 Dow Transports down earlier in the day.
Hot IPO market falters: Is it the poor markets or just less interest in specific companies.
Flash crash in Germany? Well, not quite.
Take a look at some of Monday's midday movers:
A few stocks still hold value, C.T. Fitzpatrick of Vulcan Value Partners says.
Invesco's Ron Sloan says he's the most bullish he's been in over a decade.
Something interesting is happening: Individual stocks are moving on earnings without dramatically affecting their sectors.
Among the earnings stories for Wednesday, Oct. 17, from The Associated Press:. _ Medical device maker St. Jude Medical Inc. reported third-quarter earnings that beat expectations, though company shares slumped as the executives warned that the company could receive a regulatory warning over a California manufacturing plant.
DOWNERS GROVE, Ill.-- Dover Corp.' s third-quarter net income rose 40 percent, helped by acquisitions and by the absence of a big loss tied to discontinued operations from a year ago. Dover earned $241 million, or $1.31 per share, in the quarter ended Sept. 30, compared with $172.3 million, or 91 cents per share, a year earlier.
Cramer makes the call on viewer favorites.
Investors have been dumping industrials broadly, with the sector down 8% over the last month. And amid the slide, one stock may have been oversold.