Pre-opening Comments for Friday December 29th U.S. equity index futures were mixed this morning. S&P 500 futures unchanged at 8:30 AM EST. UnitedHealth Group added $3.10 to 528.00 after booking a $7 billion charge following a deal to sell its Brazil operations. Jabil slipped $0.58 to $127.40 after lowering its fiscal second quarter outlook. Expedia […]

Pre-opening Comments for Thursday December 28th U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 8:30 AM EST. Microsoft added $0.76 to $374.83 after Wedbush raised its target from $425 to $450. Livent gained $0.21 to $18.11 after Mizuho raised its target price from $15 to $20. SQM […]

  The Bottom Line Encouraging U.S. economic news released on Friday added to the possibility of the proverbial Santa Claus yearend rally that normally lasts to the first two trading days in January. The November Core PCE Price Index on a year-over-year basis came in at 3.2%, nicely lower than consensus at 3.4%. Equity and […]

Pre-opening Comments for Friday December 22nd U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:35 AM EST. Index futures were unchanged following release of economic data at 8:30 AM EST: November Durable Goods Orders were expected to increase 1.7% versus a decline of 5.4% in October. Actual […]

Pre-opening Comments for Thursday December 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 34 points at 8:35 AM EST. S&P 500 Index futures added 10 points following release of economic news at 8:30 AM EST. Consensus for the updated annualized U.S. third quarter real GDP was unchanged at 5.2%. […]