Value Line

01/31/2020

Dow 30 Earnings: Caterpillar Inc. Fourth Quarter 2019

Shares of Caterpillar are down modestly in trading after the manufacturer of heavy equipment reported mixed 2019 fourth-quarter results. The company’s 2020 outlook was also disappointing. $CAT https://hubs.ly/H0mQLRL0

Caterpillar (CAT) beat profit expectations for the fourth quarter of 2019, but the shares were down modestly in value after the manufacturer of heavy equipment reported a sales miss and issued a disappointing 2020 outlook. Lower-than-expected user demand led to an 8% year-over-year sales decline, to...

01/31/2020

Dow 30 Earnings: Visa Inc. Fiscal First Quarter 2020

Visa #stock slips despite the company kicking off fiscal 2020 with solid operating results. $V https://hubs.ly/H0mQQVj0

Electronic payments processor Visa Inc. (V) kicked off fiscal 2020 with solid operating results. During the fiscal first quarter, the Dow-30 member saw revenues advance 10% year over year, to $6.054 billion, while earnings improved 12%, to $1.46 per share. Both figures represented all-time highs for...

01/31/2020

Dow 30 Earnings: Exxon Mobil Corp. Fourth Quarter 2019

#Exxon Mobil shares eased further following a disappointing fourth-quarter #earnings report. $XOM https://hubs.ly/H0mQKR10

Oil giant Exxon Mobil (XOM) has reported earnings of $1.33 a share for the fourth quarter of 2019, largely helped by a $0.92 gain on the sale of assets. Excluding that item, the slide to $0.41 a share from operations for the quarter compared poorly to our estimate of $0.77 and the $1.41 posted in 20...

01/31/2020

Stock Market Today: January 31, 2020

The U.S. equity futures are poised to open the #trading session to the downside on the fast-growing coronavirus fears. https://hubs.ly/H0mQGN50

The month of January is coming to a close today, and what a 31-day span it has been. For example, stocks broke out of the gate quickly and seemed headed for a stellar opening few weeks, only to see some of that initial froth removed by growing fears about the spreading coronavirus. In fact, the past...

01/30/2020

Stock Market Today: January 30, 2020

The major #market averages gained some ground today. Will good #earnings news help to offset fears about the growing global health crisis? https://hubs.ly/H0mQbl80

U.S. futures started in the red today, as fears grew about how widespread the Coronavirus had become. The number of cases and deaths related to the disease jumped overnight in China, causing worries about the global economy in 2020. Once the stock market opened, the Dow Jones Industrial Average was....

01/30/2020

Dow 30 Earnings: Verizon Communications Fourth Quarter 2019

Shares Of Verizon remain largely unchanged on news of the company’s fourth-quarter results. $VZ https://hubs.ly/H0mPQym0

Verizon (VZ), a telecommunications giant and Dow-30 component, reported 2019 fourth-quarter earnings of $1.13 a share, two cents shy of our estimate and a penny higher than the year-ago figure, on a better-than-expected 1.4% top-line improvement. Investors seemed rather unfazed by the company's rece...

01/30/2020

Dow 30 Earnings: Coca-Cola Fourth Quarter 2019

#Coca-Cola stock trended higher after the #beverage giant announced its fourth-quarter results. https://hubs.ly/H0mPPTK0

The Coca-Cola Company (KO – Free The Coca-Cola Company Stock Report) continues to demonstrate healthy top-line momentum. Most notably, organic growth clocked in at 7% for the December quarter and 6% for the full year. This progress, which was evident in both sparkling and still beverages, helped t...

01/30/2020

Dow 30 Earnings: Microsoft Second Quarter Fiscal 2020

Investors bid shares of Microsoft higher on the tech giant’s fiscal second-quarter results. $MSFT https://hubs.ly/H0mPV5C0

High-tech giant and Dow Jones component Microsoft (MSFT) reported revenue and earnings of $36.9 billion and $1.51 a share for its fiscal second quarter, easily surpassing our estimates of $35.7 billion and $1.32. The strong performance was once again underpinned by the company's commercial business,...

01/30/2020

Stock Market Today: January 30, 2020

Yesterday’s #trading session was volatile, lifted by upbeat #earnings reports from $AAPL and $DOW, and a hold on interest rates by the #Fed. However, growing #coronavirus fears continues to set in and #equity futures are pointing to a weaker opening. https://hubs.ly/H0mPMT_0

After largely reversing the stock market's steep decline on Monday in yesterday's impressive comeback session, equities bounded out of the gate yesterday, propelled higher by the impact of better-than-expected earnings from a pair of Dow Jones Industrial Average heavyweights, Apple Inc. (AAPL) and D...

01/29/2020

Stock Market Today: January 29, 2020

The U.S. #market closed the session on a mixed-to-positive note. #stocks #earnings #FOMC https://hubs.ly/H0mP95d0

The stock market got off to a higher start this morning, but quickly sold off. Then, it managed to move higher in the afternoon, but surrendered most of its gains late in the day. Today, investors seemed willing to look beyond the coronavirus outbreak taking place in China, in order to concentrate o...

01/29/2020

The Federal Reserve Holds The Line On Interest Rates in January 2020

The Federal Reserve concluded its latest #FOMC meeting and, as widely expected, voted to keep interest rates unchanged. https://hubs.ly/H0mP7mz0

The Federal Reserve just concluded its latest FOMC meeting and, as widely expected, voted to keep interest rates unchanged. This stability followed a trio of rate reductions during the second half of 2019. However, with the central bank seemingly convinced that the nation's economy was on reasonably...

01/29/2020

Dow 30 Earnings: McDonalds Corporation Fourth Quarter 2019

Solid fourth-quarter results pushed #McDonald’s shares a bit higher. $MCD https://hubs.ly/H0mNV1J0

Shares of McDonald's (MCD) rose moderately after the iconic restaurant operator reported fourth-quarter financials that were generally in line with our expectations. Sales were a bit better than we had forecast, with the top line rising 4% from a year earlier, to $5.349 billion. Our call was $5.297....

01/29/2020

Dow 30 Earnings: Apple Inc. First Quarter Fiscal 2020

#Apple shares hit a record high after the #technology giant posted strong December-quarter results, ups fiscal 2020 guidance. $AAPL https://hubs.ly/H0mNS_80

Apple (AAPL) has posted results for the first quarter of fiscal 2020 (year ends September 26th) that have given the bulls plenty to cheer about. Expectations were running quite high headed into the earnings release, with the Dow component having roughly doubled in value over the past year. And the t...

01/29/2020

Dow 30 Earnings: Dow Inc. Fourth Quarter 2019

Dow posts unfavorable fourth-quarter results, but the #stock was up as the performance exceeded Wall Street’s expectations. $DOW https://hubs.ly/H0mNRjj0

Diversified chemicals manufacturer and Dow-30 component Dow Inc. (DOW – Free Dow Stock Report) has reported earnings for the fourth quarter. Specifically, the company posted sales of $10.2 billion. This compared unfavorably with the $10.7 billion reported for the third quarter, and the pro forma f...

01/29/2020

Dow 30 Earnings: Boeing Fourth Quarter 2019

#Boeing reports fourth-quarter loss, but the stock was up modestly as Wall Street feared worse. Near-term outlook remains bleak, as 737 Max 8 aircraft problems persist. $BA https://hubs.ly/H0mNVTp0

Struggling aerospace and defense giant Boeing (BA) has reported December-period financial results. As expected, the company's performance was lackluster because of its ongoing troubles with its 737 Max 8 platform. Despite the poor showing, Boeing shares advanced following the news. The increase, in....

01/29/2020

Stock Market Today: January 29, 2020

A new day is upon us, and after yesterday's strong rebound, the solid #earnings outcome at #Apple, and the continuation of the #FOMC meeting, the #equity futures are pointing to a bullish opening when #trading resumes a little later this morning. https://hubs.ly/H0mNCFm0

The stock market, which raced through the first three weeks of January with nary a hiccup along the way, ran into some headwinds to close out last week, with a modest retreat in the leading averages, and really hit a brick wall to start out the new week on Monday, as the Dow Jones Industrial Average...

01/29/2020

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01/28/2020

Stock Market Today: January 28, 2020

#Stocks rebounded nicely today, and the major #market indexes were able to recoup some of yesterday’s losses. https://hubs.ly/H0mNdFb0

The stock market started quite positively today, rebounding well off of yesterday’s lows. A news report stated that Apple (AAPL) plans to boost iPhone production by 10% when compared to the first half of 2019. Given the company’s weight in the Dow Jones Industrial Average and S&P 500, the substa...

01/28/2020

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01/28/2020

Dow 30 Earnings: Pfizer Fourth Quarter 2019

#Pfizer’s fourth-quarter financial report left #investors wanting more, and shares of the drugmaker traded a few percentage points lower after the release. $PFE https://hubs.ly/H0mMN0j0

New York-based drugmaker and Dow-30 component Pfizer (PFE) reported a fourth-quarter GAAP loss of $0.06 a share, versus a $0.07 deficit in the comparable period of 2018. The modest year-over-year improvement was driven by lower production costs (-15%) and a significant reduction in restructuring cha...

01/28/2020

Dow 30 Earnings: 3M Company Fourth Quarter 2019

Shares of 3M fell after the diversified manufacturer reported worse-than-expected fourth-quarter numbers and lowered guidance. $MMM https://hubs.ly/H0mMKFv0

Diversified products manufacturer and Dow-30 member 3M Company (MMM) released its 2019 fourth-quarter and full-year financial results this morning and investors were not impressed. Indeed, the stock is trending a few basis points lower in price since the opening bell. While results disappointed on b...

01/28/2020

Dow 30 Earnings: United Technologies Fourth Quarter 2019

Shares of United Technologies up modestly after the company announced fourth-quarter results and provided further details on its planned separation. $UTX https://hubs.ly/H0mMD9x0

United Technologies (UTX), an industrial conglomerate heading for a planned breakup and a member of the Dow 30, has reported financials for the fourth quarter of 2019. Revenues and earnings both outdistanced expectations, and management announced that the spinoff and merger plans that have been in t...

01/28/2020

Stock Market Today: January 28, 2020

#Investor concerns revolve around the #Coronavirus. Yet, a week filled with #earnings releases from companies including $MMM, $AAPL, and $MCD and the latest monetary decision from the Federal Reserve, will also likely have an impact on #trader sentiment. https://hubs.ly/H0mMBgP0

The first day of the final trading week of January was dominated by the bears. Indeed, the major equity averages started the session deep in the red and bears never relinquished their hold during the worst trading day since October. During a week that will bring a plethora of reports from the earnin...

01/27/2020

Stock Market Today: January 27, 2020

#Stocks opened sharply lower this morning, traded in sideways pattern for much of the day, and finished the session on a weak note. https://hubs.ly/H0mM0XN0

Stocks opened sharply lower this morning, traded in sideways pattern for much of the afternoon, and finished the session on a weak note. Earlier today, investors were rattled by reports that the Coronavirus in China has been spreading. Furthermore, news that the virus has moved to other countries, i...

01/27/2020

Stock Market Today: January 27, 2020

#Investors will receive #earnings releases from Corporate America, including those from $AAPL, $PFE, and $MCD. While these reports are likely to influence the #market, the #investment community is also concerned about the spread of the #Coronavirus. https://hubs.ly/H0mLBR70

The penultimate trading week of January went to the bears. The primary culprit behind the selling was news that the Coronavirus had spread. Indeed, investors were unnerved last Wednesday and, more so, Friday by reports that the virus, which is life threating, had made its way from China, where it or...

01/24/2020

Stock Market Today: January 24, 2020

#Stocks opened higher this morning, but sank deep into negative territory in the afternoon. A deadly virus in China has found its way to other countries, and is creating some apprehension among #investors. https://hubs.ly/H0mKqd30

Stocks opened higher this morning, but sank deep into negative territory in the afternoon. The averages attempted to recover some ground late in the session, but with limited success. Earlier today sentiment seemed somewhat optimistic. However, the mood turned apprehensive, as traders worried that a...

01/24/2020

Dow 30 Earnings: American Express Fourth Quarter 2019

Shares of American Express advanced modestly in trading following the company’s in-line December-quarter performance. $AXP https://hubs.ly/H0mK94l0

American Express, (AXP) a Dow-30 component and one of the world's largest issuers of credit cards, reported December-period financial results that were largely in line with our estimates. The shares advanced modestly following the news.

01/24/2020

Dow 30 Earnings: Intel Corp. Fourth Quarter 2019

#Investors cheer Intel’s strong December-quarter results. $INTC https://hubs.ly/H0mK6H20

Chip behemoth Intel (INTC) has announced strong results for the fourth quarter of 2019. Looking at it with more granularity, non-GAAP earnings per share dialed in at $1.52, which was 18.8% above the previous-year tally, on an 8% revenue increase, to $20.2 billion. Both figures were sharply above our...

01/24/2020

Stock Market Today: January 24, 2020

How will #stocks react to global health concerns and #earnings news in today’s session? https://hubs.ly/H0mK9JD0

The profit takers descended upon Wall Street yesterday morning in a rare display of stock market weakness. On point, in minutes after the open, the 30-stock Dow Jones Industrial Average had fallen some 200 points. Several factors were at play and likely were responsible for the initial retreat. Firs...

01/23/2020

Stock Market Today: January 23, 2020

The major #market averages closed on a mixed note. Will growing global health concerns and #earnings news influence #trading tomorrow? https://hubs.ly/H0mJPKf0

After backtracking notably on Tuesday, as traders returned to the market after the three-day weekend, stocks regrouped yesterday morning as the Dow Jones Industrial Average quickly jumped out to a 124-point early uptick, principally on strength in shares of technology behemoth IBM (IBM). That issue,...

01/23/2020

Dow 30 Earnings: Procter and Gamble Second Quarter Fiscal 2020

Procter & Gamble shares held relatively steady on release of December-quarter results. $PG https://hubs.ly/H0mJqWs0

Household goods conglomerate and Dow-30 component Procter & Gamble (PG) issued fiscal second-quarter results (year ends June 30th). The stock did not react much to the news. Core earnings climbed 14%, year over year, to $1.42 a share, $0.07 ahead of our estimate. Revenues increased 5%, coming in at....

01/23/2020

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01/23/2020

Dow 30 Earnings: Travelers Cos. Fourth Quarter 2019

#Investors sent shares of #Travelers slightly lower on news of the insurance giant’s 2019 fourth-quarter financial results. $TRV https://hubs.ly/H0mJkxT0

Property/Casualty insurer Travelers (TRV) reported solid results for the December period. However, its share price has slipped moderately in trading this morning, along with the broader market averages. Travelers’ shares have performed quite well in recent weeks, and thus it may have been due for ...

01/23/2020

Stock Market Today: January 23, 2020

Yesterday’s #trading session was a volatile one, and #equity futures are indicating a somewhat uneven opening. #Earnings season is underway and today #investors will receive releases from $TRV and $PG. https://hubs.ly/H0mJ3y90

After backtracking notably on Tuesday, as traders returned to the market after the three-day weekend, stocks regrouped yesterday morning as the Dow Jones Industrial Average quickly jumped out to a 124-point early uptick, principally on strength in shares of technology behemoth IBM (IBM). That issue,...

01/22/2020

Stock Market Today: January 22, 2020

The major #market averages closed the #trading session on a divided note. #stocks https://hubs.ly/H0mHHNZ0

The equity market opened higher this morning, but reversed course, and softened quite a bit as the session progressed. Initially, traders seemed to be feeling more confident about the medical situation in China, as health officials have taken action to contain a serious virus that has broken out the...