Procter & Gamble, Philip Morris Dive into Tuesday’s 52-Week Low Club
Procter & Gamble, Philip Morris, Altria, and NXP Semiconductors all posted new 52-week lows on Tuesday.
All Work
Paul Ausick
Caterpillar, 3M Sink the Dow Tuesday
3M, Caterpillar, DowDuPont, and Travelers were the leading losers among the 30 Dow stock on Tuesday.
Americans’ Satisfaction With Air Travel Falls
U.S. airlines have dropped in customer satisfaction according to the latest survey from the American Customer Satisfaction Index. Only three of 45 industries are less popular.
Spending for Mother’s Day Holiday to Top $23 Billion
The National Retail Federation estimates spending on Mother's Day gifts this year will top $23 billion for only the second time in 15 years.
Will Earnings Make Boeing King of the Dow Again?
When Boeing reports first-quarter 2018 results Wednesday morning, analysts are expecting considerably less than they were just three months ago.
March New Home Sales Rise Sharply
The U.S. Census Bureau reported Tuesday morning that new homes sold in the United States in March were higher than the prior month and nearly 9% higher than March of last year.
February Home Prices Surge Again
The Case-Shiller home price index rose by 6.3% year over year in February, a larger jump than the index posted in January. Home prices continue to rise sharply as the U.S. economy burbles along.
Starting a New Business Gets Popular Again
Small business start-ups reached an 11-quarter high, according to Challenger, Gray & Christmas. Confidence in the economy and easier access to loans are among the reasons for the surge.
Why Caterpillar Blew Through Estimates, Raised Guidance
Caterpillar handily beat consensus estimates for sales and earnings on higher demand in all regions. The company also raised guidance sharply.
Why Coca-Cola Earnings Were Better Than Expected
Coca-Cola revenues were hit by refranchising, but income was strong and the company stuck with its previous guidance for full-year revenues and earnings.
Goldman Sachs, Procter & Gamble Hobble the Dow Monday
Goldman Sachs, Intel, 3M, and Procter & Gamble all weighed on the Dow Monday.
Prothena, Akorn Plummet into Monday’s 52-Week Low Club
Prothena, Akorn, Procter & Gamble, and Philip Morris all posted new 52-week lows Monday.
US National Average Gasoline Price Takes Aim at Multi-Year High
The U.S. national average price for a gallon of regular gas rose by a nickel last week and is on track to post a multi-year high even before the summer driving season really gets…
Apple’s iPhone X March Quarter Sales Slipped
U.S. sales of Apple's top-of-the-line iPhone X slipped in the March quarter as consumers still keep buying older (and cheaper) models.
March Existing Home Sales Up 1%
Sales of existing homes rose 1.1% year over year in March according to data reported Monday by the National Association of Realtors. Limited inventory and high prices continue to constrain sales.
Walmart CEO’s Salary Is 1,188 Times the Median Employee’s
Walmart CEO Doug McMillon's pay last year was 1,188 times the pay of a median company employee. That's way above the already high median ratio of CEO-to-median-employee pay.
Is Sears Disappearing Before Our Eyes?
Sears CEO Eddie Lampert's hedge fund has sent a letter to the retailer's board suggesting a sale of the Kenmore brand along with other assets and real estate. And, by the way, his fund…
Is Netflix Pushing Its Luck With Another $1.5 Billion Debt Offering?
Netflix announced Monday morning that it plans to offer $1.5 billion in new debt to help fund new content acquisition and production. What should investors think?
Should Halliburton Earnings Have Been Better?
Before markets opened Monday, Halliburton reported first-quarter 2018 results that were in line with Wall Street expectations.
IPO News This Week: DocuSign Tops List of 6 Scheduled Offerings
Six IPOs are on the calendar for the coming week including tech unicorns DocuSign and Ceridian HCM. The IPO market for the year to date has been well above last year's performance.