Was it lower oil prices, or the economy that boosted truck leasing company Ryder's earnings? Robert Sanchez, Ryder System CEO, provides insight.» Read More
Futures indicated a slightly higher open for Wall Street Thursday ahead of another vast amount of earnings reports.
It is now four weeks since the S&P 500 hit its recent closing high of 946.21 on June 12. The benchmark index is down 6.7% since then and some components have been hit harder than others bringing dividend yields back up again. Here is a screen for companies that have been beaten up but might have good value in the longer term.
Is there a floor under the market? Stocks this week are acting like there is. Forget about financials, this is the week when big industrial names are reporting, and as anticipated the guidance is cautious.
Futures turned down about 6 points at 8:30 AM as Morgan Stanley reported a loss of $0.57, much worse than the loss of $0.08 expected. This officially ends the streak where banks have beaten estimates. Top line miss was rather large: $3.0 billion vs. $4.8 billion expected.
So earnings season is underway, and the key test will be how the market responds to what is expected to be a concerted attempt to talk down expectations for the rest of the year.
The Dow Jones Transportation Index has rallied nearly 9% today for its best day since September 5, 1939! With the gain today, the Dow Transports is now up 40% from its March low of 2,134.21 - outpacing all the other major averages, which are up about 25% to 30%.
Following are the day’s biggest winners and losers. Find out why shares of Ticketmaster and Electronic Arts popped while Wal-Mart and Archer Daniels Midland dropped.
Bullish CEOs in the sector might want to temper their enthusiasm, Cramer says.
Coming off the worst week ever where volatility continues to rule, enhanced by options expiration Friday, the major indexes are all up about 4% or greater for the week.
The Fast Money traders told you the bottom won’t be in, until there’s panic like never before. Wait...
Despite the economic slump, shares of Ryder are trucking along this year; up 48%. Is this company a highway to profits?
Following are the day’s biggest winners and losers. Find out why shares of Hershey and Pepsi popped while Boeing and Ryder dropped.
Historically on average, the U.S. Markets have been relatively flat the week after Independence Day, with not much left to cheer about. However, the Dow and Nasdaq Composite have been up ~60% of the time for the week following the 4th of July, while the S&P has been up ~70% of the time.
From rails to truckers, the transports are driving back toward a record high. Should you jump on the bandwagon?
This weekend, Memorial Day will mark the unofficial beginning of summer. The markets have historically been relatively flat going into the lazy hazy Days of summer.
Despite the ongoing rise in crude oil prices and the overall concerns of a weaker economy, the Dow Jones Transportation Average hit new all-time highs today. It passed its previous intraday high of 5,487.05 that it had set last July. If it closes over 5,446.49 today, it will set a new all-time closing high.
Futures about flat as oil is at least down a bit this morning. Earnings were mixed, and an IPO pricing was a bit disappointing. Boeing better than expected. ... How much money can an airline lose? Delta lost $6.4 billion, or $16.15 a share; its merger partner Northwest reported a net loss of $4.1 billion, or $15.78 a share...
Also, the premeire trucking stocks, the best Cuba play and much more.
Thank goodness Q1 is over! Here's a summary of month-end and Q1 stats for stocks, commodities and currencies...
Stocks surge as gold sells off and oil settles. Get the news behind the headlinds as an historic week on Wall Street comes to an end.