Some of the names on the move ahead of the open.» Read More
By any measure, the buyback binge pursued by U.S. companies has been huge, with S&P 500 companies buying back $553.5 billion in the year to June, up 3.8 percent from the year before. Overall, almost $700 billion was bought back in 2014 by U.S.-held companies, according to Research Affiliates data. The result: those companies which bought back almost $700 billion in...
Tech is spurring an evolution in all of the industries it touches, but one sector still seems to be upgrading at a snail's pace: health care.
U.S. stocks closed mildly higher Monday in low volume trade as investors readied for the first major earnings reports due Tuesday.
Traders will look for further confirmation Tuesday that the stock market has found its footing, ahead of the first major bank earnings.
As third-quarter earnings season gets underway next week, traders are bracing for more volatility in a range-bound market.
U.S. stocks closed lower Tuesday, as investors weighed slight declines in oil prices and more indications of slowdown in China's economy, amid key third-quarter earnings reports.
U.S. sovereign bonds rose on Tuesday, as weak trade data from China fueled concerns about downward pressure on global growth, pushing investors towards so-called safe haven assets.
Voter initiatives in California and Ohio to control prescription med prices have ramifications for the presidential contest.
*Q3 revenue $17.1 bln, vs forecast of $17.45 bln. *Q3 adj EPS $1.49 vs est $1.45, helped by lower taxes. Oct 13- Johnson& Johnson reported third-quarter sales well below Wall Street estimates, hurt by the stronger dollar and disappointing demand for its Remicade arthritis drug and its Xarelto blood clot preventer.
*Q3 adj EPS $1.49 vs est $1.45. Oct 13- Johnson& Johnson reported a 7.4 percent fall in quarterly sales as the impact of a strong dollar more than offset higher sales of its older drugs such as Invega line of products for schizophrenia and ADHD treatment Concerta. Net profit fell to $3.36 billion, or $1.20 per share, from $4.75 billion, or $1.66 per share, a year earlier.
Some of the names on the move ahead of the open.
Oct 13- Johnson& Johnson reported a 7.4 percent fall in quarterly sales as the impact of a strong dollar more than offset higher sales of its mainstay older drugs. Revenue fell to $17.10 billion in the third quarter from $18.47 billion a year earlier. Net profit fell to $3.36 billion, or $1.20 per share, from $4.75 billion, or $1.66 per share, a year earlier.
Johnson & Johnson delivered earnings that topped expectations on Tuesday, but the strong dollar hurt revenue.
U.S. stock futures were under pressure this morning. But a Dow increase today would mark the longest winning streak since March 2013.
*Crude oil prices fell after the International Energy Agency said markets would remain oversupplied for at least another year. *Johnson& Johnson reports quarterly results before the bell, while JPMorgan and Intel report after the close. *Fed Governor Lael Brainard said on Monday the central bank should wait for clear signs that the U.S. economic recovery could...
An increasing number of analysts analysts are arguing that the central banks need to stop focusing on inflation as a reason to keep cutting rates.
*EMC shares rise after Dell offer. The Dow rose for a seventh straight session, led by gains in UnitedHealth Group, which rose 2.7 percent at $122.51. This week brings results from some top U.S. banks, among other companies, and investors are eyeing a projected 4.8 percent year-over-year decline in third-quarter S&P 500 earnings, according to Thomson Reuters data.
*EMC shares rise after Dell offer. Oct 12- Gains in utility stocks offset a retreat in energy shares on Monday, leaving U.S. stocks near flat as investors remained nervous about third-quarter corporate results. Trading in equities was also affected by the closing of the bond market, banks and the government, including the Securities and Exchange Commission, for...
*EMC shares rise after Dell offer; VMware falls. Trading in equities was also affected by the closure of the bond market, banks and the government, including Securities and Exchange Commission, for the Columbus Day holiday. JPMorgan reports on Tuesday, with Goldman Sachs, Bank of America, Wells Fargo and Citigroup posting results through the week.
Earnings season kicks off this week with big banks taking center stage, but it's actually two tech names grabbing the attention of options traders.