Pre-opening Comments for Thursday August 4th U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the June Trade Deficit was $82.2 billion versus $85.6 billion in May. Actual was $79.6 […]

Pre-opening Comments for Wednesday August 3rd U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points in pre-opening trade. Starbucks added $1.98 to $85.69 after reporting higher than consensus fiscal third quarter revenues and earnings. Advanced Micro Devices dropped $6.28 to $93.01 after lowering third quarter guidance below consensus estimates. […]

Pre-opening Comments for Tuesday August 2nd U.S. equity index futures were lower this morning. S&P 500 Index was down 25 points in pre-opening trade. Pinterest advanced $4.23 to $24.22 after the company released encouraging second quarter results. Elliot Management, an activist investor confirmed recent purchases in the company. Mosaic dropped $1.63 to $49.76 after reporting […]

  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 […]