44.72BMarket Cap8.83P/E (TTM)
3.320High3.100Low123.66KVolume3.320Open3.225Pre Close401.80KTurnover0.00%Turnover Ratio9.20P/E (Static)14.43BShares3.42052wk High0.50P/B44.72BFloat Cap1.63552wk Low0.11Dividend TTM14.43BShs Float3.420Historical High3.55%Div YieldTTM6.82%Amplitude1.396Historical Low3.249Avg Price1Lot Size
BARCLAYS PLC Stock Forum
2. $JPMorgan (JPM.US)$ - $763.9bn
3. $Morgan Stanley Emerging Markets Domestic Debt Fund Inc (EDD.US)$ - $725.1bn
4. $Bank of America (BAC.US)$ - $584.2bn
5. $Citigroup (C.US)$ - $509.1bn
6.Centerview Partners - $279.8bn
7. $Evercore (EVR.US)$ - $269.7bn
8. $UBS Group (UBS.US)$ - $238.7bn
9. $BARCLAYS PLC (BCLYF.US)$ - $204.2bn
10. $Lazard (LAZ.US)$ - $185.6bn
$Goldman Sachs (GS.US)$ $BARCLAYS PLC (BCLYF.US)$ $CREDIT SUISSE GROUP (CSGKF.US)$
$Nasdaq Composite Index (.IXIC.US)$
$S&P 500 Index (.SPX.US)$
$DraftKings (DKNG.US)$
$BARCLAYS PLC (BCLYF.US)$
Investor focus remains on Ukraine, which continued to rattle markets in the past week, creating volatile swings in oil and sending stocks lower.
“Earnings are over. Monetary policy is obviously going to be important here. I don’t see the Fed surprising anyone next week,” said Steve Massocca,...
U.S. stock index futures were about unchanged during overnight trading on Sunday, after the major averages posted their best week in months amid a stronger-than-expected start to earnings season.
The major averages are coming off a winning week. The $Dow Jones Industrial Average (.DJI.US)$advanced 382 points on Friday, ending the week with a 1.58% gain for its best week since June. The $S&P 500 Index (.SPX.US)$rose 1.82% last week for its best week since July, while the $Nasdaq Composite Index (.IXIC.US)$saw its best week since the end of August, with the tech-heavy index adding 2.18%.
So far 41 S&P 500 components have reported third-quarter results, with 80% of them topping EPS expectations, according to data from FactSet. Taking into account the companies that have already reported and estimates for the rest, third-quarter profit growth will total 30%, the third highest quarterly growth rate for S&P 500 companies since 2010, according to FactSet.
Here's a look at the return of S&P 500 sectors
This week ahead in focus
Seventy-two S&P 500 companies report earnings this week, as third-quarter earnings season ramps up. Several big U.S. banks got things off to a strong start last week. This week's earnings highlights will include results from notable companies in telecom, consumer staples, energy, technology, health care, and the airline industry.
Economic data highlights this week include the Conference Board's Leading Economic Index for September on Thursday and IHS Markit's Manufacturing and Services Purchasing Managers' indexes for October on Friday. All are seen easing back from their prior months' levels.
Other releases this week include the Federal Reserve's most recent Beige Book, describing economic conditions across the U.S., and a pair of September housing-market indicators: The Census Bureau reports new residential construction data on Tuesday and the National Association of Realtors reports existing-home sales on Thursday.
Monday 10/18
The Federal Reserve releases industrial production data for September. Economists are looking for a 0.20% rise after a 0.4% increase in August. Capacity utilization is expected at 76.5% for September, roughly in line with August's 76.4%.
$Albertsons Companies (ACI.US)$, $Royal Philips (PHG.US)$, $Steel Dynamics (STLD.US)$, and $State Street (STT.US)$are among companies releasing quarterly financial results.
Tuesday 10/19
The Census Bureau reports new residential construction data for September. Economists forecast a seasonally adjusted annual rate of 1.623 million housing starts, compared with 1.615 million in August.
$Halliburton (HAL.US)$, $Procter & Gamble (PG.US)$, $Johnson & Johnson (JNJ.US)$, Synchrony, $The Travelers Companies (TRV.US)$, $Philip Morris International (PM.US)$, $Kansas City Southern (KSU.US)$, $Netflix (NFLX.US)$, and $Dover (DOV.US)$are among companies hosting earnings conference calls.
Wednesday 10/20
The Federal Reserve releases its beige book about current economic conditions across the central bank's 12 districts.
$Abbott Laboratories (ABT.US)$, $Biogen (BIIB.US)$, $NextEra Energy (NEE.US)$, $Bed Bath & Beyond Inc (BBBY.US)$ $ASML Holding (ASML.US)$, $Canadian Pacific Kansas City Ltd (CP.CA)$, $Verizon (VZ.US)$, $Tesla (TSLA.US)$, $IBM Corp (IBM.US)$, and $Anthem (ANTM.US)$discuss quarterly financial results.
Thursday 10/21
The National Association of Realtors reports existing-home sales for September. Economists forecast a seasonally adjusted annual rate of 6.10 million homes sold, compared with 5.88 million homes in August.
$Dow Inc (DOW.US)$, $Freeport-McMoRan (FCX.US)$, $Genuine Parts (GPC.US)$, $Southwest Airlines (LUV.US)$, $Valero Energy (VLO.US)$, $Blackstone (BX.US)$, $Quest Diagnostics (DGX.US)$, $BARCLAYS PLC (BCLYF.US)$, $Danaher (DHR.US)$, $AT&T (T.US)$, Nucor, $American Airlines (AAL.US)$, $AutoNation (AN.US)$, $Intel (INTC.US)$, $Snap Inc (SNAP.US)$, and $Chipotle Mexican Grill (CMG.US)$host earnings conference calls to discuss quarterly results.
The Philadelphia Fed diffusion index, a measure of overall manufacturing activity, is expected to fall to 24 in October from September's 30.7 reading.
The Conference Board releases its Leading Economic Index for September. Expectations are for a 0.50% rise, after August's 0.90% gain.
Friday 10/22
IHS Markit releases the Manufacturing and Services Purchasing Managers' indexes for October. Consensus estimate for the Manufacturing PMI is 60.3, while the Services PMI is expected to be 54.7, compared with 60.7 and 54.9, respectively, in September.
$Whirlpool (WHR.US)$, $Honeywell (HON.US)$, $Cleveland-Cliffs (CLF.US)$, $Celanese Corp (CE.US)$, $HCA Healthcare (HCA.US)$, $Schlumberger (SLB.US)$, $VF Corp (VFC.US)$, and $American Express (AXP.US)$host investor conference calls.
Source: CNBC, Barron's
Asian stocks look set for a steady open Thursday after easing concerns about the economic growth outlook and a jump in energy shares bolstered U.S. stocks. Treasury yields advanced.
Futures rose in Japan and Australia and were steady in Hong Kong, while U.S. contracts edged up. The $S&P 500 Index (.SPX.US)$posted the biggest jump since August, narrowly avoiding a break of its 50-day moving average. The $NASDAQ 100 Index (.NDX.US)$climbed. A dollar gauge slipped.
TD's U.S. Head sees 'sort of a pause' in the economic recovery
$The Toronto-Dominion Bank (TD.US)$'s top U.S. executive said the American economic recovery has hit some speed bumps over the past month and a half, with Covid-19's delta variant spreading and businesses finding it difficult to hire qualified workers.
"We've seen sort of a pause and in some spaces or industries -- a little bit of a tapping on the brakes," Greg Braca, Toronto-Dominion's head of U.S. retail banking, said at a $BARCLAYS PLC (BCLYF.US)$conference Wednesday. "And we're watching how this plays out."
Fannie-Freddie poised to get less stringent capital requirements
Fannie Mae and Freddie Mac are poised to get less stringent capital requirements, with their regulator planning a revamp of tough rules approved at the end of the Trump administration.
In a Wednesday statement, the Federal Housing Finance Agency said it's proposing amendments to the November rules that would specifically target so-called credit risk transfer securities -- assets that transfer the risk of mortgages defaulting to private investors. Under the overhaul, Fannie and Freddie would get more capital relief when issuing such securities.
Lucid rises on report EPA recognized EV as having longer range
Shares of electric vehicle maker $Lucid Group (LCID.US)$rose on Wednesday following reports that a version of its debut sedan was recognized by the U.S. Environmental Protection Agency as having the longest range ever for an EV. Lucid shares rose 5.1% to $19.91 on Wednesday.
The EPA awarded a version of Lucid’s battery-electric Air Dream Edition with an official rating of 520 miles of range on a single charge, Autoweek reported. The reported range of 520 miles would eclipse that of $Tesla (TSLA.US)$'s highest range model -- the S, which has an EPA-estimated range of 405 miles.
Democratic tax proposal takes aim at ETFs
Senate Finance Committee Chairman Ron Wyden’s proposal aims to tax ETFs' use of "in-kind" transactions that currently avoids triggering capital-gains taxes. By closing a decades-old tax regulation loophole, the proposal stands to eliminate one of the ETF industry's key selling points: tax efficiency.
Over the past decade, ETFs have boomed in popularity, with assets of such U.S. registered funds quintupling to $5.4 trillion by the end of 2020, according to the Investment Company Institute. Investors have turned to ETFs because of their low fees, tax benefits, easy trading and broad market exposure.
Pfizer says Israel data shows third Covid shot restores protection from infection to 95% as it makes case to FDA for boosters
While the effectiveness of the mRNA vaccine wanes over time, a booster shot was shown to elicit an immune response similar to the protection generated after a second dose, $Pfizer (PFE.US)$ said. The company and its partner on the Covid vaccine, $BioNTech (BNTX.US)$, are seeking the agency's OK to distribute booster doses to people 16 and older across the U.S.
The FDA released the data as the agency faces pressure from the Biden administration to authorize booster shots for the general population as early as next week.
Southeast Asia's online marketplace Carousell is now a 'unicorn' valued at $1.1 billion
Southeast Asia's online classifieds business Carousell on Wednesday said it raised $100 million in fresh funds that valued the company at over a billion dollars. South Korean private equity firm STIC Investments led the investment round.
The Singapore-based Carousell said it is now valued at $1.1 billion — which makes it Southeast Asia's latest unicorn, or start-ups worth more than a billion dollars.
Goldman to buy speciality lender GreenSky for $2.2bn
$Goldman Sachs (GS.US)$has agreed to buy online loans provider $GreenSky (GSKY.US)$for $2.2bn, as the Wall Street investment bank continues to build its presence in consumer lending. GreenSky provides the "buy now pay later" service, typically in the home improvement industry.
It is Goldman's second multibillion-dollar acquisition in under a month, highlighting the intention of chief executive David Solomon to transform Wall Street's most revered investment bank into a more consumer-focused financial institution.
Source: Bloomberg, WSJ,CNBC, Financial Times
- U.S. stock index futures fell during early morning trading on Wednesday after the major averages pulled back from record highs, snapping a five-day winning streak.
-The busiest week of earnings continues on Wednesday with Shopify, Facebook, Pfizer, McDonald’s, Qualcomm, Ford, and PayPal among the names on deck.
Market snapshot
U.S. stock index futures fell during ea...
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