#Earnings Reports

U.S. companies to keep prices high as supply chain headaches persist

NEW YORK, Oct 27 (Reuters) - The largest U.S. manufacturers including General Motors, General Electric, 3M and Boeing face logistics headaches and higher costs due to global supply bottlenecks that are likely to persist into next year but agreed the hit to profits can be mitigated by charging higher prices for their goods.
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Nasdaq rises after strong Microsoft forecast

Oct 27 (Reuters) - The Nasdaq led gains among Wall Street indexes on Wednesday after a robust forecast from Microsoft supported optimism about the third-quarter earnings season, while a decline in oil prices hurt shares of energy companies. The S&P 500 index (.SPX) and the Dow Jones Industrial Average (.DJI)...
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Stocks run out of steam on regulation worries, higher yields

LONDON, Oct 27 (Reuters) - A flare up in U.S.-China tensions, signs of further regulatory crackdowns from Beijing and a rise in short-dated U.S. Treasury yields doused the equity market rally on Wednesday, offsetting tailwinds from forecast-beating earnings on Wall Street. MSCI's global equity benchmark (.MIWD00000PUS) is hovering close to...
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Schaeffer's Investment Research

Dow Futures Extend Rally as Investors Eye More Earnings Reports

Futures on the Dow Jones Industrial Average (DJI) are up 43 points this morning, as the blue-chip index looks to extend its third-straight record close to four. Nasdaq-100 (NDX) futures are on the rise as well, while S&P 500 (SPX) futures remain closer to breakeven. Investors are unpacking plenty of earnings reports, including those from Microsoft (MSFT) and Alphabet (GOOGL). Meanwhile, durable-goods orders dropped 0.4% in September -- the first decline since April -- mostly due to supply and labor contstraints, specifically in the auto and aircraft sectors.

Miners, mixed earnings pull European stocks away from recent peaks

Oct 27 (Reuters) - European stocks slipped from near record highs on Wednesday, with miners leading losses after concerns over China hit metal prices, while mixed corporate earnings reports and an upcoming central bank meeting kept investors on edge. The pan-European STOXX 600 (.STOXX) closed 0.4% lower at 474.04 points...

DTN Grain Open: Lower Amid Commodity Weakness

Pre-6 a.m. CDT prices, CME Globex: December corn is down 1 3/4 cents, November soybeans are down 5 1/2 cents and December KC wheat is down 2 1/2 cents. CME GLOBEX RECAP: Early Wednesday, Dow Jones futures are slightly lower, in line with overseas markets as big earnings reports continue to roll in. Alphabet, Microsoft, UPS and VISA were some of the companies showing favorable results Tuesday. A report on durable goods orders is due out at 7:30 a.m. CDT and crude oil is trading lower early, ahead of the Energy Department’s 9:30 a.m. report on weekly inventories.

U.S. business spending on equipment strong; goods trade deficit widens

WASHINGTON (Reuters) – New orders for U.S.-made capital goods increased more than expected in September and shipments surged, pointing to strong business spending on equipment, though stretched supply chains likely hampered overall economic growth in the third quarter. Slower growth expectations were reinforced by other data from the Commerce Department...

Has the Housing Market Topped?

Tuesday’s stock market trading session showed mixed price action amid positive earnings reports and a 14% increase in home sales for September. Focusing on the residential housing sector, many are looking for a top in this market as home sales have skyrocketed since the pandemic began. Residential and Multisector Real...

Stocks flirt with records as earnings season rolls on

U.S. stock indexes ticked higher Wednesday as investors sifted through numerous corporate earnings reports. The Dow Jones Industrial Average rose 30 points, or 0.09%, while the S&P 500 index and the Nasdaq Composite index added 0.13% and 0.35%, respectively. The gains come a day after both the Dow and the S&P 500 closed at all-time highs and the Nasdaq finished 0.9% off its own peak.
Hotels Magazine

Hilton’s clean beat leads Q3 earnings reports

Hilton reported third quarter earnings on Wednesday showing positive momentum led by a systemwide comparable RevPAR increase of 98.7% versus Q3 2020 (-18.8% versus 2019). Earnings per share were close to expectations at US$0.78 when adjusted for special items. Net income sat at US$240 million for the quarter and adjusted EBITDA was US$519 million. Hilton approved 23,600 new rooms for development during the third quarter, bringing its development pipeline to 404,000 rooms. It also added 14,700 rooms in the third quarter, contributing to 11,200 net additional rooms during the period and approximately 6.6% annualized net unit growth from September 30,…

E + E = Record Stock Market Highs

The stock market (SPY) is quite simple sometimes. When the Economy is improving, so too does corporate Earnings which begets a bullish environment. The recent proof of strength in these...

Fmr LLC Sells 274,023 Shares of Atara Biotherapeutics, Inc. (NASDAQ:ATRA)

Fmr LLC decreased its holdings in Atara Biotherapeutics, Inc. (NASDAQ:ATRA) by 16.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,437,772 shares of the biotechnology company’s stock after selling 274,023 shares during the quarter. Fmr LLC owned 1.70% of Atara Biotherapeutics worth $22,357,000 at the end of the most recent quarter.