Pre-opening Comments for Thursday April 23rd U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:30 AM EST. Tesla (TSLA) dropped $11.51 to $376.25 despite reporting higher than consensus first quarter free cash flow. Tesla’s plan to expand its robotaxi service has been delayed. CSX gained $2.96 to […]

Pre-opening Comments for Wednesday April 22nd U.S. equity index futures were higher this morning. S&P 500 futures were up 49 points at 8:30 AM EST. United Airlines (UAL) added $0.87 to $98.00 after reporting higher than consensus first quarter earnings. Chubb (CB) dropped $3.79 to $325.50 after reporting less than consensus first quarter earnings. Capital […]

Pre-opening Comments for Tuesday April 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points at 8:35 AM EST. S&P 500 futures were unchanged following release of March U.S. Retail Sales at 8:30 AM EST. Consensus called for a 1.5% increase versus a 0.6% gain in February. Actual was […]

Pre-opening Comments for Monday April 20th U.S. equity index futures were lower this morning. S&P 500 futures were down 29 points at 8:30 AM EST. Index futures responded to a return to closure of the Strait of Hormuz. WTI Crude Oil added $4.97 to $88.82 per barrel in response to the Strait of Hormuz news. […]

The Bottom Line Peace has “broken out” in the Middle East (at least temporarily). Equity markets around the world responded accordingly on Friday. Look for more good news this week! First quarter results released to date by U.S. companies generally have exceeded consensus estimates (notably by most major banks). Frequency of first quarter reports by […]