Major US stock indices rose, but only slightly, as investors were cautious at the beginning of the corporate reporting season.
Citigroup Inc. (C) published quarterly results that exceeded expectations today before the market opened, giving an unofficial start to the corporate reporting season for the second quarter. The company reported quarterly earnings of $ 1.95 per share, which was above the average forecast ($ 1.80). The bank’s revenue also exceeded expectations. However, analysts say, the main reason for the strong reporting is the income received from the initial public offering (IPO) of the Tradeweb bond trading platform.
Other major US financial institutions will report later this week: JPMorgan Chase & Co. (JPM), Goldman Sachs Group Inc. (GS) and Wells Fargo & Co. (WFC) will report tomorrow, Bank of America Corp. (BAC) - on Wednesday, Morgan Stanley (MS) - on Thursday.
In addition to banks, this week their quarterly results will also be announced by such companies as Johnson & Johnson (JNJ), IBM (IBM), Netflix (NFLX), UnitedHealth (UNH), Microsoft (MSFT), American Express (AXP) and others.
Market participants expect reports and forecasts of companies to assess how deeply the impact of the protracted trade dispute between the United States and China on corporate profits. According to Refinitiv IBES, analysts predict that the profits of the S & P 500 companies will show a 0.4% decline in y / y in the second quarter, which will be the first quarterly decline in three years.
Most of the components of DOW recorded an increase (19 of 30). The growth leader was Dow Inc. (DOW; + 2.21%). JPMorgan Chase & Co. shares turned out to be an outsider. (JPM; -1.44%).
Most sectors of the S & P finished trading in positive territory. The sector of conglomerates grew the most (+ 0.5%). The largest decline was shown by the base materials sector (-0.5%).
At the time of closing:
Dow 27,358.82 +26.79 +0.10%
S & P 500 3,014.28 +0.51 +0.02%
Nasdaq 100 8,258.18 +14.04 +0.17%
U.S. stock-index futures rose on Monday, as better-than-expected quarterly results of Citigroup (C) provided an upbeat start to the U.S. corporate earnings season.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | - | - | - |
Hang Seng | 28,554.88 | +83.26 | +0.29% |
Shanghai | 2,942.19 | +11.64 | +0.40% |
S&P/ASX | 6,653.00 | -43.50 | -0.65% |
FTSE | 7,538.22 | +32.25 | +0.43% |
CAC | 5,583.83 | +10.97 | +0.20% |
DAX | 12,384.77 | +61.45 | +0.50% |
Crude oil | $60.46 | +0.42% | |
Gold | $1,413.40 | +0.08% |
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 173.75 | 0.41(0.24%) | 2029 |
ALTRIA GROUP INC. | MO | 49.62 | 0.12(0.24%) | 6254 |
Amazon.com Inc., NASDAQ | AMZN | 2,022.00 | 11.00(0.55%) | 32344 |
American Express Co | AXP | 128 | 0.04(0.03%) | 1522 |
AMERICAN INTERNATIONAL GROUP | AIG | 56.2 | -0.07(-0.12%) | 2431 |
Apple Inc. | AAPL | 204 | 0.70(0.34%) | 44738 |
AT&T Inc | T | 33.74 | 0.09(0.27%) | 12344 |
Boeing Co | BA | 360.3 | -5.03(-1.38%) | 63711 |
Caterpillar Inc | CAT | 138.89 | 0.53(0.38%) | 3013 |
Cisco Systems Inc | CSCO | 58.06 | 0.11(0.19%) | 9150 |
Citigroup Inc., NYSE | C | 72.53 | 0.76(1.06%) | 645797 |
Deere & Company, NYSE | DE | 167.18 | 1.81(1.09%) | 6507 |
Exxon Mobil Corp | XOM | 77.72 | 0.09(0.12%) | 1727 |
Facebook, Inc. | FB | 204.4 | -0.47(-0.23%) | 110453 |
FedEx Corporation, NYSE | FDX | 167.48 | 0.01(0.01%) | 4148 |
Ford Motor Co. | F | 10.45 | -0.04(-0.38%) | 65923 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 11.13 | 0.11(1.00%) | 15935 |
General Electric Co | GE | 10.26 | -0.11(-1.06%) | 277017 |
General Motors Company, NYSE | GM | 39.28 | 0.07(0.18%) | 2587 |
Goldman Sachs | GS | 215.43 | 1.49(0.70%) | 24754 |
Google Inc. | GOOG | 1,146.00 | 1.10(0.10%) | 3255 |
Home Depot Inc | HD | 219 | 0.77(0.35%) | 6119 |
Intel Corp | INTC | 50.09 | 0.17(0.34%) | 26616 |
International Business Machines Co... | IBM | 143.14 | 0.40(0.28%) | 1793 |
International Paper Company | IP | 41.6 | -1.17(-2.74%) | 7381 |
Johnson & Johnson | JNJ | 134.62 | 0.32(0.24%) | 40642 |
JPMorgan Chase and Co | JPM | 116.16 | 0.86(0.75%) | 80199 |
Merck & Co Inc | MRK | 80 | 0.27(0.34%) | 3518 |
Microsoft Corp | MSFT | 139.47 | 0.57(0.41%) | 302764 |
Nike | NKE | 89.22 | 0.10(0.11%) | 248 |
Pfizer Inc | PFE | 42.42 | 0.02(0.05%) | 3819 |
Procter & Gamble Co | PG | 114.81 | -0.18(-0.16%) | 1713 |
Starbucks Corporation, NASDAQ | SBUX | 89.85 | 0.08(0.09%) | 946 |
Tesla Motors, Inc., NASDAQ | TSLA | 248.62 | 3.54(1.44%) | 119744 |
The Coca-Cola Co | KO | 52.28 | 0.16(0.31%) | 644 |
Travelers Companies Inc | TRV | 153.37 | -0.02(-0.01%) | 251 |
Twitter, Inc., NYSE | TWTR | 37.91 | 0.07(0.19%) | 40480 |
United Technologies Corp | UTX | 134 | 0.28(0.21%) | 978 |
UnitedHealth Group Inc | UNH | 266.2 | 0.30(0.11%) | 1992 |
Verizon Communications Inc | VZ | 57.3 | 0.11(0.19%) | 5270 |
Visa | V | 181 | 0.67(0.37%) | 9971 |
Wal-Mart Stores Inc | WMT | 114.82 | 0.22(0.19%) | 2853 |
Walt Disney Co | DIS | 145.3 | 0.42(0.29%) | 10063 |
Yandex N.V., NASDAQ | YNDX | 40.88 | 0.55(1.36%) | 7127 |
McDonald's (MCD) target raised to $230 at Telsey Advisory Group
General Electric (GE) downgraded to Neutral from Buy at UBS; target lowered to $11.50
Int'l Paper (IP) downgraded to Underweight from Sector Weight at KeyBanc Capital Markets; target $38
July 15
Before the Open:
Citigroup (C). Consensus EPS $1.80, Consensus Revenues $18486.01 mln
July 16
Before the Open:
Goldman Sachs (GS). Consensus EPS $5.03, Consensus Revenues $8879.07 mln
Johnson & Johnson (JNJ). Consensus EPS $2.43, Consensus Revenues $20388.34 mln
JPMorgan Chase (JPM). Consensus EPS $2.49, Consensus Revenues $28524.81 mln
Wells Fargo (WFC). Consensus EPS $1.16, Consensus Revenues $20948.94 mln
July 17
Before the Open:
Bank of America (BAC). Consensus EPS $0.71, Consensus Revenues $23129.97 mln
After the Close:
Alcoa (AA). Consensus EPS $0.01, Consensus Revenues $2768.66 mln
eBay (EBAY). Consensus EPS $0.62, Consensus Revenues $2673.71 mln
IBM (IBM). Consensus EPS $3.09, Consensus Revenues $19177.19 mln
Netflix (NFLX). Consensus EPS $0.55, Consensus Revenues $4934.49 mln
July 18
Before the Open:
Honeywell (HON). Consensus EPS $2.08, Consensus Revenues $9375.75 mln
Morgan Stanley (MS). Consensus EPS $1.16, Consensus Revenues $10021.29 mln
UnitedHealth (UNH). Consensus EPS $3.46, Consensus Revenues $60602.21 mln
After the Close:
Microsoft (MSFT). Consensus EPS $1.21, Consensus Revenues $32775.09 mln
July 19
Before the Open:
American Express (AXP). Consensus EPS $2.02, Consensus Revenues $10826.68 mln
Index | Change, points | Closed | Change, % |
---|---|---|---|
NIKKEI 225 | 42.37 | 21685.9 | 0.2 |
Hang Seng | 39.82 | 28471.62 | 0.14 |
KOSPI | 6.08 | 2086.66 | 0.29 |
ASX 200 | -19.6 | 6696.5 | -0.29 |
FTSE 100 | -3.85 | 7505.97 | -0.05 |
DAX | -8.8 | 12323.32 | -0.07 |
CAC 40 | 20.91 | 5572.86 | 0.38 |
Dow Jones | 243.95 | 27332.03 | 0.9 |
S&P 500 | 13.86 | 3013.77 | 0.46 |
NASDAQ Composite | 48.1 | 8244.14 | 0.59 |
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