There seems to be a game out there to try and predict Fed movements. After all, it's clear liquidity is the name of the game for markets: Strong liquidity means bold and aggressive buying of stocks. The opposite holds true when there is a choke hold on liquidity.
Moody's reported a blowout Q1 which caused analysts to raise their EPS estimates further. Click to read the details and also why I don't want Moody's to buy FactSet.
A look at some of the key business events and economic indicators upcoming this week: ECONOMIC BELLWETHER The Commerce Department serves up its latest monthly snapshot of U.S. construction spending Monday. Economists project that spending increased 1.7% in March. That would be the biggest monthly increase since December.
shares have outperformed the market so far this year, rising 7% while the is up 5.6% and the S&P 500 Health Care Sector Index has gained 4%. The next indications about whether that can continue will come on Tuesday. is due to disclose its latest financial results before the start of trading.
Estée Lauder Companies shares slid 0.6% in premarket trading Monday, after the cosmetics and beauty company posted stronger-than-expected profit for its fiscal third quarter but sales that missed estimates. The company posted net income of $456 million, or $1.24 a share, in the quarter to March 31, after a loss of $6 million, or 2 cents a share, in the year=-earlier period.
Domino's Pizza said Monday that it had entered into a $1 billon accelerated-share-repurchase agreement with Barclays. Shares of the Ann Arbor, Mich., chain at last check were up nearly 1% to $426.03. Domino's said in a regulatory filing that under the terms, it would pay the bank $1 billion cash for about two million shares.
Indices The Nasdaq 100 index rally is accelerating in the futures market as the market continues to focus on corporate earnings. It is up by 0.30% and trading at $13,888. Similarly, the Dow Jones and S&P 500 index have risen by more than 0.50%.
Gold futures climbed sharply Monday morning as weakness in the dollar and subdued yields for government bonds helped to revive some buying in bullion after last week's drop. Gold for June delivery rose $17.60, or 1%, to trade at $1,785.50 an ounce. Meanwhile, July silver was up 72 cents, or 2.8%, at around $26.57 an ounce.
Indices The DAX index is hovering near its all-time high ahead of earnings by some of its biggest constituent companies like Henkel, Volkswagen, Adidas, BMW, Munich Re, and Heidelbergcement. The index is trading at €15,246, which is slightly below €15,480.
There's an old stock market staying that says to "sell in May and go away." That's because, historically, the strongest period for the market tends to be the stretch between November-April, with May-October lagging, according to The Stock Trader's Almanac.
Not even Warren Buffett or his right-hand man Charlie Munger can quell the crypto craze. Bitcoin came up at annual meeting, which has become an annual pilgrimage for value investors. An as value investors, Buffett and Munger don't get cryptocurrencies.
Factset Research Systems Inc (NYSE: FDS) shares fell -1.48% to end trading Friday at $336.22 per share - a net change of $-5.05. Shares traded between $344.42 and $334.75 throughout the day. 280648 shares of Factset Research Systems Inc exchanged hands. Visit Factset Research Systems Inc's profile for more information.
Wall Street finished the week on a down note Friday, ignoring even more sterling first-quarter earnings reports. John Butters, senior earnings analyst for FactSet, says that 60% of the S&P 500's components have reported Q1 earnings, and, so far, 86% of those companies have reported a positive earnings-per-share surprise.
By Michael Dabaie Restaurant Brands International Inc. shares rose in Friday trading. U.S.-listed shares were up 2% to $69.33 in afternoon trading and shares in Toronto were up 2% to C$84.95. The company before the market open reported first-quarter earnings that beat analyst estimates.
Shares of DexCom slipped Friday even though the diabetes-monitoring equipment maker reported first-quarter earnings and revenue that exceeded analysts' expectations. Full-year revenue guidance, however, missed analyst estimates. Shares of the San Diego company dropped 6.27% to $395.25at last check.
With the S&P 500 first-quarter earnings reporting season finally more than half over, as 60.4% of the index's components having reported results, the blended EPS growth estimate is now nearly double what it was when the reporting started, and about triple what it was at the end of the fourth quarter.
Shares of S&P Global Inc. slumped 0.59% to $390.39 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.72% to 4,181.17 and Dow Jones Industrial Average falling 0.54% to 33,874.85. S&P Global Inc.
The drugmaker had dual disappointments for investors on Tuesday, reporting lower earnings than expected and reducing its forecasts for full-year profits. Adjusted earnings, not reported according to generally accepted accounting principles, came in at $1.87 per share, missing the FactSet consensus estimate of $2.12 per share.
Shares of shoemaker Crocs, Inc. jumped premarket Tuesday after the company reported record first-quarter revenue and topped analyst estimates. The Broomfield, Colorado-based company reported first quarter net income of $98.4 million, or $1.49 per share on record revenue of $460.1 million, up from $281.2 million last year.
Hasbro delivered a mixed bag Tuesday after the iconic toymaker posted a first-quarter profit while coming up short of Wall Street's revenue expectations. Shares of the Pawtucket, R.I., company at last check were off 1%.