The Bottom Line North American equity markets extended their intermediate uptrends last week. Strongest broadly based U.S. equity index was the NASDAQ Composite Index. The TSX Composite joined the trend by moving above its 50 day moving average on Friday.   Earnings and Revenue Outlook for S&P 500 companies Consensus earnings and revenue estimates […]

Pre-opening Comments for Friday July 29th U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for June PCE Price Index was 6.6% versus 6.3% in May. Actual was 6.8%. Excluding food […]

Pre-opening Comments for Thursday July 28th U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points in pre-opening trade. U.S. equity index futures moved lower following first release of the second quarter real GDP report. Consensus was an increase of 0.3% versus a drop of 1.6% in the first quarter. […]

Pre-opening Comments for Wednesday July 27th U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points in pre-opening trade. Investors are waiting for an update on monetary policy by the Federal Reserve to be released at 2:00 PM EDT. Index futures were virtually unchanged following release of the June Durable […]

Pre-opening Comments for Tuesday July 26th U.S. equity index futures were lower this morning. S&P 500 futures were down 15 points in pre-opening trade. Walmart plunged $7.70 to 124.32 after the company lowered fiscal second quarter and annual guidance. Other major retail stock prices also responded on the downside to the news. Whirlpool gained $3.35 […]