Analytics, News, and Forecasts for CFD Markets: stock news — 23-10-2019.

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23.10.2019
20:26
Major US stock indices closed in positive territory

Major US stock indexes rose slightly, as the rise in shares of Boeing (BA) and Caterpillar (CAT) outweighed the fall in Texas Instruments (TXN).

Shares of Boeing (BA) jumped more than 1% after the company confirmed that it continues to expect regulators to approve the return of its 737 MAX aircraft in the fourth quarter, although most airlines removed them from the schedule before the start of 2020. This was enough to compensate for weak reporting. The aircraft manufacturer reported that in the third quarter it earned $ 1.45 per share, which was significantly lower than Wall Street's estimate of 2.12 per share. The company's revenue fell by more than 20% YoY, as analysts had predicted.

Caterpillar (CAT) reported adjusted quarterly earnings of $ 2.66 per share, which was below the analysts' average forecast of $ 2.90. The heavy equipment manufacturer's revenue also fell short of expectations, and Caterpillar cut its forecasts for the whole of 2019, citing weak demand for construction and mining equipment. However, CAT shares rose 1.23%.

Pressure on the market was provided by shares of chip maker Texas Instruments (TXN), whose value fell 7.48% after posting disappointing third quarter results and a forecast for the current quarter.

Despite the weak results of Caterpillar (CAT) and Texas Instruments (TXN), the third quarter corporate reporting season far exceeded analyst expectations. According to FactSet, of the 118 S&P 500 companies that have already reported, 81% have exceeded expectations. After the close of the trading session, quarterly reports of Ford Motor (F), Microsoft (MSFT) and Tesla (TSLA) are expected to be published.

Most DOW components recorded an increase (19 out of 30). The biggest gainers were Merck & Co., Inc. (MRK; + 1.93%). Outsiders were shares of NIKE Inc. (NKE; -3.45%).

Almost all S&P sectors completed trading in positive territory. The raw materials sector grew the most (+ 0.8%). Only the services sector decreased (-0.1%).

At the time of closing:

Dow 26,833.95 +45.85 + 0.17%

S&P 500 3,004.52 +8.53 +0.28%

Nasdaq 100 8,119.79 +15.50 +0.19%

19:03
DJIA -0.11% 26,759.89 -28.21 Nasdaq -0.10% 8,096.45 -7.85 S&P +0.00% 2,996.02 +0.03
16:01
European stocks closed: FTSE 100 7,260.74 +48.25 +0.67% DAX 12,798.19 +43.50 +0.34% CAC 40 5,653.44 -4.25 -0.08%
13:33
U.S. Stocks open: Dow +0.15%, Nasdaq -0.24%, S&P -0.03%
13:22
Before the bell: S&P futures -0.10%, NASDAQ futures +0.03%

U.S. stock-index futures were flat on Wednesday as investors assessed earnings reports from Caterpillar (CAT) and Boeing (BA).


Global Stocks:

Index/commodity

Last

Today's Change, points

Today's Change, %

Nikkei

22,625.38

+76.48

+0.34%

Hang Seng

26,566.73

-219.47

-0.82%

Shanghai

2,941.62

-12.76

-0.43%

S&P/ASX

6,673.10

+0.90

+0.01%

FTSE

7,231.59

+19.10

+0.26%

CAC

5,635.82

-21.87

-0.39%

DAX

12,757.47

+2.78

+0.02%

Crude oil

$53.78


-1.28%

Gold

$1,495.90


+0.56%

12:58
Wall Street. Stocks before the bell

(company / ticker / price / change ($/%) / volume)


3M Co

MMM

167

-0.54(-0.32%)

4078

ALTRIA GROUP INC.

MO

46.44

0.10(0.22%)

3260

Amazon.com Inc., NASDAQ

AMZN

1,764.00

-1.73(-0.10%)

14741

American Express Co

AXP

118.64

0.03(0.03%)

310

Apple Inc.

AAPL

241.45

1.49(0.62%)

220344

AT&T Inc

T

38.06

-0.11(-0.30%)

6477

Boeing Co

BA

342.7

5.70(1.69%)

320258

Caterpillar Inc

CAT

132.7

-0.99(-0.74%)

669826

Chevron Corp

CVX

117.5

-0.30(-0.25%)

1162

Cisco Systems Inc

CSCO

47.35

-0.20(-0.42%)

33669

Citigroup Inc., NYSE

C

71.85

-0.21(-0.29%)

1418

Deere & Company, NYSE

DE

174.55

-0.60(-0.34%)

3607

Exxon Mobil Corp

XOM

68.84

-0.25(-0.36%)

3155

Facebook, Inc.

FB

182.29

-0.05(-0.03%)

36021

Ford Motor Co.

F

9.06

-0.01(-0.11%)

22970

Freeport-McMoRan Copper & Gold Inc., NYSE

FCX

9.8

-0.13(-1.31%)

88743

General Electric Co

GE

9

-0.06(-0.66%)

27384

General Motors Company, NYSE

GM

36.27

-0.04(-0.11%)

1022

Goldman Sachs

GS

209.74

0.14(0.07%)

4453

Google Inc.

GOOG

1,245.75

2.95(0.24%)

1865

Home Depot Inc

HD

237

-0.20(-0.08%)

885

HONEYWELL INTERNATIONAL INC.

HON

168.5

-0.44(-0.26%)

897

Intel Corp

INTC

51.26

-0.75(-1.44%)

44991

International Business Machines Co...

IBM

133.54

-0.42(-0.31%)

549

International Paper Company

IP

43.25

0.39(0.91%)

101

Johnson & Johnson

JNJ

129.45

0.25(0.19%)

1854

JPMorgan Chase and Co

JPM

124.35

-0.44(-0.35%)

4790

McDonald's Corp

MCD

200.25

0.98(0.49%)

13235

Merck & Co Inc

MRK

81.31

0.01(0.01%)

646

Microsoft Corp

MSFT

136.66

0.29(0.21%)

123220

Nike

NKE

96

0.40(0.42%)

3130

Pfizer Inc

PFE

36.44

0.01(0.03%)

1461

Procter & Gamble Co

PG

121.7

-0.48(-0.39%)

5813

Starbucks Corporation, NASDAQ

SBUX

83.55

0.09(0.11%)

4755

Tesla Motors, Inc., NASDAQ

TSLA

253.1

-2.48(-0.97%)

38459

The Coca-Cola Co

KO

54.03

0.18(0.33%)

22793

Twitter, Inc., NYSE

TWTR

38.85

0.04(0.10%)

64742

United Technologies Corp

UTX

141.3

-0.11(-0.08%)

3835

UnitedHealth Group Inc

UNH

248.5

-0.98(-0.39%)

2096

Verizon Communications Inc

VZ

60.71

-0.06(-0.10%)

340

Visa

V

172

1.14(0.67%)

10912

Walt Disney Co

DIS

133

0.60(0.45%)

7420

Yandex N.V., NASDAQ

YNDX

32.29

0.11(0.34%)

23974

12:43
Upgrades before the market open

Coca-Cola (KO) upgraded to Buy from Neutral at UBS; target raised to $63

12:14
Company News: Freeport-McMoRan (FCX) quarterly earnings beat analysts’ forecast

Freeport-McMoRan (FCX) reported Q3 FY 2019 earnings of $0.01 per share (versus $0.35 in Q3 FY 2018), beating analysts’ consensus estimate of $0.00.

The company’s quarterly revenues amounted to $3.308 bln (-32.6% y/y), missing analysts’ consensus estimate of $3.494 bln.

FCX fell to $9.75 (-1.81%) in pre-market trading.

11:55
Company News: Caterpillar (CAT) quarterly results miss analysts’ estimates

Caterpillar (CAT) reported Q3 FY 2019 earnings of $2.66 per share (versus $2.86 in Q3 FY 2018), missing analysts’ consensus estimate of $2.90.

The company’s quarterly revenues amounted to $12.758 bln (-5.6% y/y), missing analysts’ consensus estimate of $13.488 bln.

The company also lowered FY 2019 EPS guidance to $10.90-11.40 from the low end of $12.06-13.06 (versus analysts’ consensus estimate of $11.65) and modestly lowered FY 2019 revenues guidance from $54.7 bln (versus analysts’ consensus estimate of $55.72 bln).

CAT rose to $134.36 (+0.50%) in pre-market trading.

11:40
Company News: Snap (SNAP) posts smaller-than-expected quarterly loss

Snap (SNAP) reported Q3 FY 2019 loss of $0.04 per share (versus -0$12. in Q3 FY 2018), slightly better than analysts’ consensus estimate of -$0.05.

The company’s quarterly revenues amounted to $0.446 bln (+49.9% y/y), beating analysts’ consensus estimate of $0.436 bln.

The company’s DAUs were 210 mln in Q3 FY 2019, compared to 203 mln in Q2 FY 2019 and 186 mln in Q3 FY 2018 and versus guidance for 205-207 mln.

SNAP rose to $14.39 (+2.79%) in pre-market trading.

00:30
Stocks. Daily history for Tuesday, October 22, 2019
Index Change, points Closed Change, %
Hang Seng 60.52 26786.2 0.23
KOSPI 24.02 2088.86 1.16
ASX 200 19.7 6672.2 0.3
FTSE 100 48.85 7212.49 0.68
DAX 6.73 12754.69 0.05
Dow Jones -39.54 26788.1 -0.15
S&P 500 -10.73 2995.99 -0.36
NASDAQ Composite -58.69 8104.3 -0.72

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