Featured Commentaries
    Market Daily Updates
    Stock Market Today: February 19, 2020
    Harvey S. Katz, CFA and John E. Seibert III  |  02/19/2020
    The stock market started strongly today, as fears ebbed about the coronavirus. Additionally, a few key economic indicators were positive, including building permits, which reached near a 13-year high. Too, new starts were much higher than expected, while the Producer Price Index showed 0.5% rise in inflation during January. The Dow Jones Industrial Average climbed by as many as 176 points by the late afternoon. The other indices were up in tandem, showing better prices throughout the day.
    Market Daily Updates
    Stock Market Today: February 18, 2020
    William G. Ferguson and John Seibert III  |  02/18/2020
    The stock market started in the red today, after the three day holiday weekend, on news that the coronavirus outbreak was worse than expected in China. Meantime, Apple (AAPL) stated that the contagion would impact its operations and sales in the first quarter. This sent the market lower in early trading with the Dow Jones Industrial Average lower by as much as 281 points. However, the market became oversold, which caused the indices to rebound and retake a substantial portion of the day’s losses. The NASDAQ even reached the green for a brief spell.
    StockHighlights
    Dow 30 Earnings: Walmart Inc. Fiscal Fourth Quarter 2019
    Kevin Downing  |  02/18/2020
    General goods retailer Walmart Inc. (WMT) reported slightly worse-than-expected results for the fiscal fourth quarter ended January 21, 2020. Total revenue of $141.7 billion rose 2.1% year over year, but fell 3.3% short of our estimate. Too, adjusted earnings per share of $1.38 were $0.03 below the year-ago figure. Same-store sales for Walmart U.S. were up 1.9%, missing the 3% mark Walmart had been forecasting. Increases in traffic and the average transaction amount were roughly the same.
    Market Daily Updates
    Stock Market Today: February 14, 2020
    Harvey S. Katz, CFA and Mario Ferro  |  02/14/2020
    The major U.S. stock indexes started the Friday before the long President’s Day weekend with an uptick, but trading soon became mixed. Stocks uniformly fell into the red by early afternoon, but a late-session rally helped to trim losses.
    Market Daily Updates
    Stock Market Today: February 13, 2020
    Harvey S. Katz, CFA and John E. Seibert III  |  02/13/2020
    The stock market opened lower, following news broke that cases of the coronavirus and related deaths have accelerated in China. Traders' sentiment for global growth weakened. Additionally, the markets were dragged down by a worse-than-expected performance out of Cisco Systems. The Dow Jones Industrial Average fell as many as 205 points, while the other indices were down in tandem. However, the market started to rebound, and the indices generally headed toward break-even, with the NASDAQ and S&P 500 reaching all-time highs in the afternoon. Still, the markets tapered off in the final portion of the session and gave these gains. Overall, the Dow closed lower by 128 points; the S&P 500 was down six points; and the NASDAQ was off 14 points.