Stock market strategist Thomas Lee says there's plenty of proof the bull market still has several years to go.» Read More
The "Fast Money" traders share their final trades of the day.
*Merck up as results beat expectations, but Pfizer slips. United Parcel Service shares fell 3.7 percent to $98.86 after the world's biggest courier company slashed its earnings forecast for the year due to spending to boost capacity. Rival shipping company FedEx Corp was down 1.6 percent at $147.14.
*Merck up as results beat expectations, but Pfizer slips. United Parcel Service shares fell 3.1 percent to $99.47 after the world's biggest courier company slashed its earnings forecast for the year due to spending to boost capacity. Rival shipping company FedEx Corp was down 0.8 percent at $148.36.
Several companies missed profit estimates today, bucking the trend. Here's what it means for the markets....
Some of Tuesday's midday movers:
July 29- Corning Inc reported second-quarter core earnings below analysts' average estimate, hurt by lower demand for its Gorilla Glass, which is used in smartphones made by Apple Inc and Samsung Electronics Co Ltd.. Apple is also reportedly planning to switch from using Gorilla glass to GT Advanced Technologies' Sapphire glass for its next iPhone.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Investors are starting to score from some S&P 500 stocks springing back from a long period of suffering. USA Today reports.
June 24- VWR Corp, a provider of laboratory supplies and services, filed with U.S. regulators on Tuesday to raise up to $100 million in an initial public offering. The Radnor, Pennsylvania- based company listed Merrill Lynch, Pierce, Fenner& Smith, Goldman Sachs and J.P. Morgan as the lead underwriters to the IPO.
Nine stocks in the S&P 500, including Charles Schwab and Staples have lagged the market each of the past five summers. USA Today reports.
Bond-fund managers at Loomis Sayles, Fidelity and Eaton Vance are trouncing their benchmarks and almost all their peers by taking advantage of asset allocation rules that permit as much as 35 percent of their holdings in stocks.
Jim Flaws, Corning chief financial officer, discusses the company's Q1 earnings results and weighs in on the potential for Apple choosing to use Sapphire glass for its next iPhone.
Core sales from the display technologies business, which makes LCD panels for Sony Corp, LG and Lenovo Group and brings in more than a third of the company's revenue, grew 58 percent. Tripeny added that the company expects a "really strong" quarter for Gorilla Glass, which is used in smartphones made by Apple Inc and Samsung Electronics Co Ltd..
Some of the names on the move ahead of the open.
April 28- Specialty glass maker Corning Inc, best known for its Gorilla glass used in smartphones, reported a 26 percent rise in quarterly revenue, slightly missing analysts' average estimate. The company reported net income of $301 million, or 20 cents per share, in the first quarter ended March 31, from $494 million, or 33 cents per share, a year earlier.
With the market in the thick of earnings, next week promises to be an eventful five days for investors. Are you ready? Cramer sure is.
Anaylsts Kevin Landis and Oscar Schafer say the ongoing volatility in the tech sectors leaves investors with prime buying opportunities. Here are their picks.
Some of Wednesday's midday movers:
Some of Tuesday's midday movers:
Treasury prices were little changed before a $32 billion auction of two-year fixed-rate notes.