First, the good news: we have safely put January behind us. Now for the bad news.
Stay away from consumer-focused companies, Ron Sloan of Invesco says.
Many companies continue to pick up the tab for CEOs' spouses who accompany them on business trips. USA Today reports.
The "Fast Money" traders share their final trades of the day.
This is a big week for earnings, but there are some encouraging signs that both earnings and guidance are not going to be as disappointing as feared.
A lot of traders are eager to see the market drop three to five percent so they can buy lower going into the end of the year. However, so far, so far that's been wrong.
May trade balance figures showed the deficit narrowed considerably, which is a big positive for gross domestic product (GDP).
It's time to count on earnings growth in cyclical names, Invesco's Ron Sloan says.
Revenue shortfalls continue; companies seeking to raise dividends, increase buybacks.
Good news to see some cyclicals (Materials, Energy, Tech) trading up; not good to see all 20 Dow Transports down earlier in the day.
A few stocks still hold value, C.T. Fitzpatrick of Vulcan Value Partners says.
Sectors that capture the global economy are down today: transportation, multi-industry, and tech stocks.
Something interesting is happening: Individual stocks are moving on earnings without dramatically affecting their sectors.
One earnings theme that is emerging: In the absence of clear top-line growth, companies are emphasizing what they can control — costs and capital expenditures.
The S&P 500 could take a swing at 1500 in the near future if earnings news doesn't trip it up.
Take a look at some of Thursday's midday movers:
NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. McDonald's Corp., down $4.14 at $88.72. Chipotle Mexican Grill Inc., down $42.93 at $243.
CLEVELAND-- Parker Hannifin Corp., which makes industrial hoses, airplane wheels and other products, said Wednesday that it has agreed to buy Sea Recovery from Denmark's Danfoss A/S. Cleveland- based Parker Hannifin will assume ownership of the business on Nov. 1. Parker Hannifin shares rose $1.85, or 2.3 percent, to $83.82 in afternoon trading Wednesday.
CLEVELAND-- Parker-Hannifin, which makes industrial hoses, airplane wheels and other products, says it has closed on the sale of the automotive air conditioning business of its mobile climate systems unit to Germany's ContiTech AG.
Oct 8- Parker Hannifin Corp:. *Longbow cuts Parker Hannifin to underperform- Streetinsider.com. Reuters Station users, click. 1568.