Pre-opening Comments for Tuesday May 28th U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:30 AM EDT. Apple added $3.22 to $193.20 following news that iPhone sales in China have exceeded expectations. Bank of Nova Scotia (BNS.TO Cdn$65.59) is expected to open higher after releasing higher than […]

  The Bottom Line The gain by one stock dominated performances by the S&P 500 Index and NASDAQ Composite Index last week: the 15% price advance by heavily weighted NVidia following release of its better than expected quarterly results. Other major U.S. equity indices were notably weaker: Dow Jones Industrial Average down 2.33%, Dow Jones […]

Pre-opening Comments for Friday May 24th U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:35 AM EDT The Canadian Dollar was unchanged at US72.91 cents following release of March Canadian Retail Sales at 8:30 AM EDT. Consensus was a drop of 0.1% versus a decline of 0.1% […]

Pre-opening Comments for Thursday May 23rd U.S. equity index futures were higher this morning. S&P 500 futures were up 37 points at 8:30 AM EDT. Nvidia jumped $58.83 to an all-time high at $1008.33 after reporting higher than consensus first quarter revenues and earnings. The company also raised second quarter guidance and announced a 10 […]

Pre-opening Comments for Wednesday May 22nd U.S. equity index futures were lower this morning. S&P futures were down 10 points at 8:30 AM EDT. Urban Outfitters advanced $3.12 to $44.44 after reporting higher than consensus first quarter revenues and earnings. Toll Brothers added $1.81 to $132.03 after reporting higher than consensus fiscal second quarter revenues […]