February 15, 2019, 08:59

DuPont Rises 3%

Investing.com - DuPont (NYSE:DWDP) rose by 3.06% to trade at $54.27 by 15:58 (20:58 GMT) on Friday on the NYSE exchange.

The volume of DuPont shares traded since the start of the session was 10.74M. DuPont has traded in a range of $53.13 to $54.28 on the day.

The stock has traded at $54.2800 at its highest and $50.8300 at its lowest during the past seven days.

February 15, 2019, 05:43

Bank of America Rises 3%

Investing.com - Bank of America (NYSE:BAC) rose by 3.11% to trade at $29.28 by 12:42 (17:42 GMT) on Friday on the NYSE exchange.

The volume of Bank of America shares traded since the start of the session was 32.26M. Bank of America has traded in a range of $28.67 to $29.28 on the day.

The stock has traded at $29.2800 at its highest and $27.8600 at its lowest during the past seven days.

February 15, 2019, 05:35

France stocks higher at close of trade; CAC 40 up 1.79%

Investing.com – France stocks were higher after the close on Friday, as gains in the Industrials, Utilities and Technology sectors led shares higher.

At the close in Paris, the CAC 40 rose 1.79% to hit a new 3-months high, while the SBF 120 index added 1.64%.

The best performers of the session on the CAC 40 were Vivendi SA (PA:VIV), which rose 5.63% or 1.28 points to trade at 24.01 at the close. Meanwhile, Valeo SA (PA:VLOF) added 4.75% or 1.19 points to end at 26.26 and BNP Paribas SA (PA:BNPP) was up 4.19% or 1.70 points to 42.11 in late trade.

The worst performers of the session were Publicis Groupe SA (PA:PUBP), which fell 0.29% or 0.14 points to trade at 47.67 at the close. EssilorLuxottica SA (PA:ESLX) declined 0.28% or 0.30 points to end at 105.80 and Hermes International SCA (PA:HRMS) was down 0.11% or 0.60 points to 540.80.

The top performers on the SBF 120 were Bollore SA (PA:BOLL) which rose 6.68% to 3.704, Ipsen SA (PA:IPN) which was up 6.02% to settle at 125.10 and Plastic Omnium (PA:PLOF) which gained 5.73% to close at 24.56.

The worst performers were Eutelsat Communications SA (PA:ETL) which was down 5.96% to 17.68 in late trade, Electricite de France SA (PA:EDF) which lost 5.76% to settle at 13.99 and Groupe FNAC (PA:FNAC) which was down 4.57% to 64.700 at the close.

Rising stocks outnumbered declining ones on the Paris Stock Exchange by 352 to 211 and 105 ended unchanged.

Shares in Vivendi SA (PA:VIV) rose to 52-week highs; up 5.63% or 1.28 to 24.01. Shares in EssilorLuxottica SA (PA:ESLX) fell to 52-week lows; down 0.28% or 0.30 to 105.80.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 7.89% to 14.31.

Gold Futures for April delivery was up 0.50% or 6.55 to $1320.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 2.11% or 1.15 to hit $55.56 a barrel, while the April Brent oil contract rose 2.31% or 1.49 to trade at $66.06 a barrel.

EUR/USD was down 0.23% to 1.1274, while EUR/GBP fell 0.64% to 0.8758.

The US Dollar Index Futures was up 0.08% at 96.882.

February 15, 2019, 05:35

Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.58%

Investing.com – Denmark stocks were higher after the close on Friday, as gains in the Industrials, Financials and Consumer Services sectors led shares higher.

At the close in Copenhagen, the OMX Copenhagen 20 gained 0.58% to hit a new 3-months high.

The best performers of the session on the OMX Copenhagen 20 were Ambu A/S (CO:AMBUb), which rose 2.55% or 4.0 points to trade at 160.7 at the close. Meanwhile, DSV (CO:DSV) added 2.29% or 12.0 points to end at 535.6 and ISS A/S (CO:ISS) was up 1.84% or 3.50 points to 193.60 in late trade.

The worst performers of the session were GN Store Nord (CO:GN), which fell 0.99% or 3.0 points to trade at 299.0 at the close. Oersted A/S (CO:ORSTED) declined 0.88% or 4.20 points to end at 474.30 and William Demant Holding AS (CO:WDH) was down 0.81% or 1.8 points to 219.6.

Rising stocks outnumbered declining ones on the Copenhagen Stock Exchange by 76 to 46 and 25 ended unchanged.

Crude oil for March delivery was up 2.17% or 1.18 to $55.59 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 2.34% or 1.51 to hit $66.08 a barrel, while the April Gold Futures contract rose 0.49% or 6.45 to trade at $1320.35 a troy ounce.

USD/DKK was up 0.22% to 6.6182, while EUR/DKK rose 0.04% to 7.4620.

The US Dollar Index Futures was up 0.08% at 96.882.

February 15, 2019, 05:15

U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.56%

Investing.com – U.K. stocks were higher after the close on Friday, as gains in the Automobiles&Parts, Industrial Metals&Mining and Oil Equipment Services&Distribution sectors led shares higher.

At the close in London, the Investing.com United Kingdom 100 added 0.56% to hit a new 3-months high.

The best performers of the session on the Investing.com United Kingdom 100 were Coca Cola HBC AG (LON:CCH), which rose 4.02% or 99.0 points to trade at 2562.0 at the close. Meanwhile, Tesco PLC (LON:TSCO) added 2.89% or 6.30 points to end at 224.20 and Royal Bank of Scotland Group PLC (LON:RBS) was up 2.44% or 5.90 points to 247.50 in late trade.

The worst performers of the session were Standard Life Aberdeen PLC (LON:SLA), which fell 5.96% or 14.80 points to trade at 233.75 at the close. Kingfisher PLC (LON:KGF) declined 3.05% or 7.10 points to end at 225.50 and Next PLC (LON:NXT) was down 2.11% or 102.00 points to 4724.00.

Rising stocks outnumbered declining ones on the London Stock Exchange by 1197 to 838 and 325 ended unchanged.

Gold Futures for April delivery was up 0.48% or 6.25 to $1320.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 2.21% or 1.20 to hit $55.61 a barrel, while the April Brent oil contract rose 2.25% or 1.45 to trade at $66.02 a barrel.

GBP/USD was up 0.42% to 1.2865, while EUR/GBP fell 0.59% to 0.8762.

The US Dollar Index Futures was up 0.10% at 96.903.

February 15, 2019, 05:08

PNC Financial Rises 3%

Investing.com - PNC Financial (NYSE:PNC) rose by 3.03% to trade at $124.27 by 12:07 (17:07 GMT) on Friday on the NYSE exchange.

The volume of PNC Financial shares traded since the start of the session was 973.97K. PNC Financial has traded in a range of $121.56 to $124.27 on the day.

The stock has traded at $125.2900 at its highest and $119.4000 at its lowest during the past seven days.

February 15, 2019, 05:05

Sweden stocks higher at close of trade; OMX Stockholm 30 up 1.37%

Investing.com – Sweden stocks were higher after the close on Friday, as gains in the Industrials, Basic Materials and Financials sectors led shares higher.

At the close in Stockholm, the OMX Stockholm 30 added 1.37% to hit a new 3-months high.

The best performers of the session on the OMX Stockholm 30 were Atlas Copco AB Class A (ST:ATCOa), which rose 3.05% or 7.5 points to trade at 251.6 at the close. Meanwhile, Skandinaviska Enskilda Banken AB A (ST:SEBa) added 2.96% or 2.82 points to end at 98.16 and Sandvik AB (ST:SAND) was up 2.82% or 4.15 points to 151.15 in late trade.

The worst performers of the session were H&M Hennes&Mauritz AB B (ST:HMb), which fell 1.47% or 2.0 points to trade at 136.4 at the close. Tele2 AB (ST:TEL2b) declined 1.33% or 1.60 points to end at 118.45 and Skanska AB ser. B (ST:SKAb) was down 0.18% or 0.30 points to 162.60.

Rising stocks outnumbered declining ones on the Stockholm Stock Exchange by 410 to 232 and 51 ended unchanged.

Crude oil for March delivery was up 2.17% or 1.18 to $55.59 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 2.25% or 1.45 to hit $66.02 a barrel, while the April Gold Futures contract rose 0.43% or 5.65 to trade at $1319.55 a troy ounce.

EUR/SEK was down 0.25% to 10.4656, while USD/SEK fell 0.04% to 9.2862.

The US Dollar Index Futures was up 0.11% at 96.912.

February 15, 2019, 04:29

PepsiCo Rises 3%

Investing.com - PepsiCo (NASDAQ:PEP) rose by 3.16% to trade at $116.13 by 11:28 (16:28 GMT) on Friday on the NASDAQ exchange.

The volume of PepsiCo shares traded since the start of the session was 3.90M. PepsiCo has traded in a range of $114.11 to $116.15 on the day.

The stock has traded at $116.1300 at its highest and $111.8600 at its lowest during the past seven days.

February 15, 2019, 04:05

Turkey stocks higher at close of trade; BIST 100 up 0.57%

Investing.com – Turkey stocks were higher after the close on Friday, as gains in the Information Technology, Wholesale&Retail Trade and Technology sectors led shares higher.

At the close in Istanbul, the BIST 100 gained 0.57%.

The best performers of the session on the BIST 100 were Turkiye Is Bankasi AS Class C (IS:ISCTR), which rose 3.76% or 0.210 points to trade at 5.790 at the close. Meanwhile, GSD Holding AS (IS:GSDHO) added 3.30% or 0.030 points to end at 0.940 and Otokar Otomotiv ve Savunma Sanayi AS (IS:OTKAR) was up 3.23% or 3.50 points to 112.00 in late trade.

The worst performers of the session were Tat Gida Sanayi AS (IS:TATGD), which fell 8.29% or 0.360 points to trade at 3.980 at the close. Aygaz AS (IS:AYGAZ) declined 3.44% or 0.39 points to end at 10.94 and Turk Hava Yollari AO (IS:THYAO) was down 3.32% or 0.470 points to 13.690.

Rising stocks outnumbered declining ones on the Istanbul Stock Exchange by 209 to 135 and 62 ended unchanged.

Gold Futures for April delivery was up 0.29% or 3.75 to $1317.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.82% or 0.99 to hit $55.40 a barrel, while the April Brent oil contract rose 1.67% or 1.08 to trade at $65.65 a barrel.

USD/TRY was up 0.57% to 5.3003, while EUR/TRY rose 0.32% to 5.9715.

The US Dollar Index Futures was up 0.15% at 96.953.

February 15, 2019, 03:50

Gold Prices Hit Two-Week Highs as Data Supports Fed Pause

Investing.com - Gold prices moved higher on Friday as a string of weak economic data and subdued inflation supported the Federal Reserve’s current stance of being “patient” with future rate hikes, lowering the opportunity cost of holding non-yielding bullion.

At 10:47 AM ET (15:47 GMT), gold futures for April delivery on the Comex division of the New York Mercantile Exchange gained $4.35, or 0.33%, to $1,318.25 a troy ounce. The intraday high of $1,322.95 was its best level since Feb. 4.

Coming on the back of the biggest decline in U.S. retail sales in the last nine years, a string of weak data out Friday reinforced the idea that the economy lacks the firepower necessary to force the Federal Reserve to boost interest rates.

Overnight, Chinese inflation data increased concern over deflationary pressures in the world’s second largest economy. China’s consumer price inflation unexpectedly slowed, while factory-gate inflation hit its weakest level since September 2016.

Stateside, U.S. import prices fell for a third-straight month in January, leading to the largest annual drop in nearly 2-1/2 years. That only added to earlier evidence this week that the consumer price index was holding steady, downplaying the need for tighter Fed policy so inflation doesn’t get out of hand.

The University of Michigan’s preliminary February readings of consumer sentiment released on Friday showed a larger-than-expected improvement following the reopening of the government after a shutdown that had dragged confidence to a two-year low.

As part of the data collected, the surveyor’s chief economist Richard Curtin noted that consumers’ long-term inflation expectations fell to the lowest level recorded in the past half century.

“The data suggest that the Fed will find it even harder to justify another rate hike given the record low inflation expectations,” Curtin added.

In other metals trading, silver futures rose 0.32% at $15.578 a troy ounce by 10:48 AM ET (15:48 GMT).

Palladium futures gained 1.56% to $1,407.50 an ounce, while sister metal platinum traded up 0.42% at $792.50.

In base metals, copper advanced 0.32% to $2.783 a pound.

February 15, 2019, 03:03

XRP Dips Below 0.29986 Level, Down 0.77%

Investing.com - XRP fell bellow the $0.29986 level on Friday. XRP was trading at 0.29986 by 10:03 (15:03 GMT) on the Investing.com Index, down 0.77% on the day. It was the largest one-day percentage loss since February 14.

The move downwards pushed XRP's market cap down to $12.42408B, or 10.31% of the total cryptocurrency market cap. At its highest, XRP's market cap was $79.53400B.

XRP had traded in a range of $0.29986 to $0.30610 in the previous twenty-four hours.

Over the past seven days, XRP has seen a stagnation in value, as it only moved 0.78%. The volume of XRP traded in the twenty-four hours to time of writing was $415.76552M or 2.12% of the total volume of all cryptocurrencies. It has traded in a range of $0.2980 to $0.3163 in the past 7 days.

At its current price, XRP is still down 90.89% from its all-time high of $3.29 set on January 4, 2018.

Elsewhere in cryptocurrency trading

Bitcoin was last at $3,588.6 on the Investing.com Index, down 0.08% on the day.

Ethereum was trading at $121.09 on the Investing.com Index, a loss of 0.44%.

Bitcoin's market cap was last at $63.47904B or 52.68% of the total cryptocurrency market cap, while Ethereum's market cap totaled $12.82374B or 10.64% of the total cryptocurrency market value.

February 15, 2019, 02:31

Stocks - Wall Street Rises as Trade Talks Progress

Investing.com - Wall Street was higher on Friday amid news that trade talks between the U.S. and China were going well and would be extended next week.

The S&P 500 rose 19 points, or 0.71%, as of 9:30 AM ET (14:30 GMT), while the Dow gained 125 points, or 0.49%, and the tech-heavy Nasdaq Composite increased 41 points, or 0.56%.

President Xi Jinping met with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin and said after that talks are progressing, according to Chinese state media.

"Next week, both sides will meet again in Washington. I hope you will continue efforts to advance reaching a mutually beneficial, win-win agreement," Xi said.

Netflix (NASDAQ:NFLX) was among the top gainers, rising 1%, while Tesla (NASDAQ:TSLA) gained 0.8% and PepsiCo (NASDAQ:PEP) jumped 2% as an increased dividend outweighed downside guidance for 2019.

Nvidia (NASDAQ:NVDA) rose 2% after its earnings beat expectations, while Bank of America (NYSE:BAC) was up 2.1%.

Elsewhere, semiconductor Micron (NASDAQ:MU) slumped 1.5% while Activision Blizzard (NASDAQ:ATVI) inched down 0.2% and Facebook (NASDAQ:FB) slipped 0.6%. Applied Materials (NASDAQ:AMAT) slumped 4% after its forecast for the second quarter were below expectations.

In commodities, gold futures rose 0.5% to $1,320.05 a troy ounce, while crude oil jumped 1.7% to $55.34 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, inched up 0.1% to 96.93.

February 15, 2019, 02:30

NVIDIA Rises 5%

Investing.com - NVIDIA (NASDAQ:NVDA) rose by 5.45% to trade at $162.95 by 09:30 (14:30 GMT) on Friday on the NASDAQ exchange.

The volume of NVIDIA shares traded since the start of the session was 921.56K. NVIDIA has traded in a range of $162.95 to $162.95 on the day.

The stock has traded at $162.9500 at its highest and $144.1300 at its lowest during the past seven days.

February 15, 2019, 01:12

Stocks - NVIDIA Jumps in Premarket, Pepsi Rises, Applied Materials, Oracle Decline

Investing.com - Stocks in focus in premarket trade Friday:

• NVIDIA stock (NASDAQ:NVDA) jumped 6.22% by 8:06 AM ET (13:06 GMT) after the company forecast better-than-expected sales for its current fiscal year.

• Applied Materials (NASDAQ:AMAT) stock lost 1.77% after the company forecast second-quarter profit and revenue below market expectations.

• PepsiCo (NASDAQ:PEP) stock gained 2.36% as an increased dividend appeared to outweigh a forecast for a decline in profit this year.

• Deere (NYSE:DE) stock sank 4.25% after the company’s quarterly profit missed expectations as farmers put off purchases of machinery amid the ongoing uncertainty over trade with China.

• CBS (NYSE:CBS) stock declined 2.04% as quarterly results missed on the top and bottom lines.

• Caesars Entertainment (NASDAQ:CZR) stock soared 6.38% after The Wall Street Journal reported that activist investor Carl Icahn plans to push the management of the company to seek a sale.

• Oracle (NYSE:ORCL) fell 1.07% after Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) informed the U.S. Security and Exchange Commission that it had sold its entire stake in the company. Buffett's company has also reduced its stake in Apple (NASDAQ:AAPL)

• Newell Brands (NASDAQ:NWL) stock tumbled 7.01% after the company’s outlook for earnings and sales missed forecasts.

• Truecar (NASDAQ:TRUE) stock dove 19.92% after the company reported worse-than-expected quarterly results and provided a weak outlook.

• Achaogen (NASDAQ:AKAO) stock crashed 37.11% after it proposed a secondary public offering of its common stock.

February 15, 2019, 11:48

Stocks - U.S. Futures Rise as Trade Talks Extended

Investing.com – U.S. futures rose on Friday as Chinese President Xi Jinping said trade talks between the two biggest economies in the world would continue in Washington next week.

The extension was welcome news to investors, as it indicates officials are close to a deal before the March 1 deadline, when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25% from 10%. U.S. President Donald Trump has indicated that he could extend the deadline by 60-days, if the two sides continue to make progress.

Xi made his comments after meeting with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer.

The S&P 500 futures rose 3 points or 0.11% as of 6:45 AM ET (11:45 GMT) while Dow futures gained 27 points or 0.11% and tech-heavy Nasdaq 100 futures increased 7 points or 0.11%.

NVIDIA (NASDAQ:NVDA) was among the top gainers in premarket trading, jumping 5.8% after its earnings beat expectations, while semiconductor company Advanced Micro Devices (NASDAQ:AMD) gained 1.5%, and Caesars Entertainment (NASDAQ:CZR) rose 6.38% after news that activist investor Carl Icahn plans to push the management of the company to seek a sale.

Elsewhere, Adobe (NASDAQ:ADBE) fell 1.3%, while Facebook (NASDAQ:FB) slipped 0.4% and pharmaceutical company Achaogen Inc (NASDAQ:AKAO) slumped 39% after it proposed a secondary public offering of its common stock.

In economic news, investors will be looking to the University of Michigan’s consumer sentiment index at 10:00 AM ET (15:00 GMT), especially after Thursday’s disappointing retail sales numbers.

In commodities, gold futures recovered 0.6% to $1,322.15 a troy ounce, while crude oil rose 0.5% to $54.70 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.14% to 96.94 but was still off an overnight high.

February 15, 2019, 11:03

PepsiCo Falls on Disappointing 2019 Forecasts

Investing.com - PepsiCo (NASDAQ:PEP) fell 0.5% in premarket trading on Friday, after saying its underlying profit this year would fall slightly this year, before rebounding in 2020.

The news is further proof of the headwinds facing the soda and snacks company as customers increasingly favor healthier products. It comes a day after arch-rival Coca-Cola (NYSE:KO) reported surprisingly weak sales figures for the final quarter and also gave a lackluster outlook for the current year. That sent Coke's shares down over 8% to a four-month low.

"For 2019, we expect 4% organic revenue growth and approximately 1% decline in core constant currency earnings per share," Chairman and CEO Ramon Laguarta said in a press release. "We expect to return to high-single-digit core constant currency EPS growth in 2020."

Pepsico (NASDAQ:PEP) reported earnings per share of $1.49 on revenue of $19.52 billion, in line with forecasts polled by Investing.com. The numbers compared to EPS of $1.31 on revenue of $19.53 billion in the same period a year earlier. The company had reported EPS of $1.59 on revenue of $16.49 billion in the previous quarter.

It also raised its annualized dividend to $3.82 from $3.71 per share, effective in June 2019.

"While adverse foreign exchange translation negatively impacted reported net revenue performance, our underlying organic revenue growth accelerated in the second half, and we ended the year with 4.6% organic revenue growth in the fourth quarter," Laguarta said.

The company's profit was increased by its Frito-Lay and Quaker Foods divisions, while its North America Beverages division profit declined 12% due to operating cost increases.

For the year, PepsiCo shares are up 1.91%, under-performing the S&P 500 which is up 10.85% year to date.

PepsiCo follows other major Consumer/Non-Cyclical sector earnings this month


On January 23, Procter&Gamble reported second quarter EPS of $1.25 on revenue of $17.44B, compared to forecasts of EPS of $1.21 on revenue of $17.16B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

February 15, 2019, 10:58

Top 5 Things to Know in the Market on Friday

Investing.com - Here are the top five things you need to know in financial markets on Friday, Feb. 15:

1. U.S.-China trade talks drag on

U.S. Treasury Secretary Steven Mnuchin said Friday that trade talks between Washington and Beijing had been “productive”, but provided no details apart from the description.

As high level talks wound up in Beijing, several media reports cited sources that said little progress had been made on major issues that could pave the way for a meeting between the two countries.

Having finished discussions with the Chinese Vice-Premier Liu He, The New York Times reported that Mnuchin and U.S. Trade Representative Robert Lighthizer will meet with Chinese President Xi Jinping later on Friday.

Speculation pointed to the possibility that the three may discuss holding a summit between Xi and U.S. President Donald Trump in the near future.

Separately, the South China Morning Post reported that high-level trade talks would continue in Washington next week.

2. Global stocks mixed as economic weakness weighs

Global stocks showed mixed signs on Friday as the reported lack of progress in U.S.-Sino trade talks weighed and weak Chinese data added to disappointing U.S. retail sales released a day earlier.

Asian stocks bore the brunt of the selloff as weak Chinese inflation data increased concern over deflationary pressures in the world’s second largest economy. China’s consumer price inflation unexpectedly slowed, while factory-gate inflation hit its weakest level since September 2016. China’s Shanghai Composite closed down 1.4% while Japan’s Nikkei 225 ended 1.2% lower.

Elsewhere, European bourses struggled to remain afloat in morning trade, but gains in the region’s telecoms and industrials helped push indices higher by midday on the Old Continent. Germany’s DAX trailed its peers as the country’s Ifo Institute warned that proposed U.S. auto tariffs could cut German car exports in half.

U.S. futures pointed to a flat open as investors held out after the largest drop in retail sales in nine years. At 5:50 AM ET (10:50 GMT), the blue-chip Dow futures inched up 19 points, or 0.07%, S&P 500 futures edged forward 2 points, or 0.09%, while the Nasdaq 100 futures advanced 4 points, or 0.05%.

Read more: What Happens When More QE Fails To Reverse The Recession? - Charles Hugh Smith

3. U.S. consumer confidence in focus after retail sales plunged

After Thursday’s surprise tumble in retail sales for December, the market will be anxious to receive the latest consumer confidence figures. The University of Michigan will release its preliminary measure of its February consumer sentiment index at 10:00 AM ET (15:00 GMT).

Consumer sentiment is expected to improve, recovering from the near-two-year low caused largely by the partial government shutdown.

The reading takes on particular significance after data showed Thursday that retail sales - equivalent to approximately 70% of the American economy - registered their largest decline in nine years.

Ahead of the confidence survey, the New York Fed will issue its measure of manufacturing in the New York region at 8:30 AM ET (13:30 GMT).

4. Pepsi and Deere step up on the earnings calendar

Earnings will remain in the spotlight in Friday’s trade as PepsiCo (NASDAQ:PEP) and Deere (NYSE:DE) take the spotlight ahead of the open in the latest string of results for the fourth-quarter reporting period. Pepsi raised its dividend but forecast a 1% drop in underlying earnings this year before a rebound in 2020.

With 386 of the S&P 500 firms having already reported earnings, analysts at The Earning Scout warned that beat rates are below normal as growth has slowed and companies overall are lowering their guidance.

Chipmakers reporting after Thursday’s close gave mixed signals.

Shares of NVIDIA (NASDAQ:NVDA) soared 5% in premarket trade Friday as investors celebrated a profit beat and its full-year sales outlook topped consensus. but Applied Materials (NASDAQ:AMAT) had fallen around 1.5% in extended trading as its guidance for current quarter profit missed estimates.

5. Trump to declare national emergency

Trump is scheduled to speak at 10:00 AM ET (15:00 GMT) Friday where White House Press Secretary Sarah Huckabee Sanders confirmed he would sign legislation to avoid a government shutdown and would also declare a national emergency in order to build a southern border wall with Mexico.

An emergency declaration would allow Trump to redirect the funds for the wall which were not included in the spending bill approved by Congress.

Democratic House Speaker Nancy Pelosi told reporters Thursday that she was reviewing her options in the hopes of filing a legal challenge to Trump’s declaration of a national emergency.

“This is not an emergency, and the president's fearmongering doesn't make it one,” she explained in a joint statement with Senate Minority Leader Chuck Schumer.

February 15, 2019, 09:36

U.K. Retail Sales Jump in January, Defying Brexit Gloom

Investing.com - U.K. retail sales rose by 1% in January, as consumers shrugged off uncertainty over the country’s plan to leave the European Union at the end of March and took advantage of post-holiday sales.

Retail sales rose 1% in January and were up 4.2% from a year earlier, the Office for National Statistics said on Friday. That was compared to a fall of 0.7% in the previous month, which was revised up from a negative 0.9%.

Economists polled by Investing.com had forecast a reading of 0.2% for the month and a rise of 3.4% year on year.

"The quantity bought in textile, clothing and footwear stores showed strong year-on-year growth at 5.5% as stores took advantage of the January sales, with a year-on-year price fall of 0.9%," the ONS said in a press release.

Core retail sales, which exclude automobile and gasoline sales, rose 1.2% in January and 4.1% year-over-year.

February 15, 2019, 08:15

Dollar Pushes Higher Again on Sagging Growth, Rising Uncertainty

Investing.com -- The dollar was edging higher against major European currencies early Friday in Europe after weak Chinese inflation data overnight reinforced concerns about global growth.

Fears about the growth outlook have revived this week in the wake of a shockingly sharp fall in U.S. retail sales in December, and there is still not enough evidence of progress in the trade talks between China and the U.S. to suggest that risk appetite will return quickly.

At 03:00 AM ET (8:00 GMT), the dollar index futures contract that tracks the greenback against a basket of major currencies was at 96.953. That’s just off a new two-month high of 97.120 that it hit Thursday.

The market hasn’t reacted much to news that Trump is set to declare a national emergency over border security after signing the spending bill hammered out earlier this week in Congress. While the immediate threat of another shutdown has been lifted, the precedent threatens to undermine a long-standing principle of Congressional oversight of spending and introduce more longer-term instability into U.S. politics.

The euro was at $1.1278, down 0.2% and seemingly set to test a three-month low of $1.1218 later. The British pound was still struggling below $1.28 after another parliamentary defeat Thursday – albeit only a symbolic one, for Prime Minister Theresa May over her Brexit strategy.

The two currencies will be sensitive Friday to U.K. retail sales data for January which will either confirm or buck a trend of data showing the economy stalling as Brexit approaches. In addition, European Central Bank board member Benoit Coeure is due to speak at 08:00 AM ET (13.00 GMT).

Elsewhere, the dollar was also higher against the growth-sensitive Aussie and Kiwi, and against higher-yielding currencies such as the Turkish lira and South African rand.

February 15, 2019, 05:23

Yuan Falls on Weak CPI, PPI; U.S. Dollar Rises Despite Retail Sales Data

Investing.com - The yuan fell against the U.S. dollar on Friday in Asia after data showed China’s January Consumer Price Index and Producer Price Index both missed expectations.

The country’s CPI rose 1.7% in January from a year earlier, slower than the 1.9% increase in December and below market expectations for a 1.9% rise.

Meanwhile, the PPI rose 0.1% year-on-year in January, the weakest pace since September 2016 and slowing from the previous month's 0.9% increase.

Generally speaking, a high reading is seen as positive for the yuan, while a low reading is seen as negative for the Chinese currency.

The USD/CNY pair last traded at 6.7753 at 12:23 AM ET (5:23 GMT), up 0.1%.

Meanwhile, the U.S. dollar index that tracks the greenback against a basket of other currencies was also up 0.1% at 96.893.

The rise in the dollar came even after the U.S. Commerce Department reported on Thursday that U.S. retail sales fell for the first time in ten months in December.

CIBC said one weak reading shouldn't prove worrisome as a strong labour market will lend support to consumer spending in the coming months.

"Still, today's data reinforces the Fed's cautious stance for the time being and will weigh on the USD and see yields fall," the bank added.

The market now awaits developments in trade talks between Washington and Beijing.

U.S. President Donald Trump's upbeat assessment of the talks earlier in the week raised hopes that the two sides might still be able to reach a deal before the March 1 deadline, but headlines that came out today suggested an agreement might still be some way off.

Citing three unnamed U.S. and Chinese officials, Bloomberg reported that the two countries have made little progress so far during their discussions in Beijing this week. They have failed to narrow the gap on issues related to structural reforms to China’s economy, according to the report.

Elsewhere, the AUD/USD pair fell 0.2%. Reserve Bank of Australia Governor Christopher Kent said in a speech in Melbourne Friday that he thinks recent weakness in the Aussie dollar might be helpful to the economy.

“While the exchange rate is still within the relatively narrow range of the past few years, the recent depreciation is helpful at the margin given that there remains spare capacity in the economy and inflation remains below target,” he said.

February 15, 2019, 04:07

China’s January CPI, PPI Miss Estimates

Investing.com - China’s January Consumer Price Index (CPI) and Producer Price Index (PPI) both missed expectations, the National Bureau of Statistics reported on Friday.

The country’s CPI, a key indicator to measure inflation and changes in purchasing trends, rose 1.7% in January from a year earlier, slower than the 1.9% increase in December and below market expectations for a 1.9% rise.

Meanwhile, the PPI rose 0.1% year-on-year in January, the weakest pace since September 2016 and slowing from the previous month's 0.9% increase.

The data raised concerns of heightened deflationary risks and could hurt corporate profitability.

However, tame inflation also gives authorities more flexibility to ease monetary policy which would in turn help supporting economic growth.

"With factory-gate deflation likely to deepen in the coming months, we expect policymakers to roll out further measures to ease financial pressure on industrial firms, including cuts to benchmark lending rates," said Julian Evans-Pritchard, senior China economist at Capital Economics, in a Reuters report.

China’s Shanghai Composite and the Shenzhen Component fell 0.6% and 0.3% by 11:03 PM ET (04:04 GMT) following the release of the data.

On Thursday, China reported better-than-expected January trade data, but analysts said the positive data was likely due to seasonal factors and business distortions caused by the long Lunar New Year holidays.

February 15, 2019, 02:24

Asian Equities Fall After Wall Street Losses; Trade Talks Make Little Progress

Investing.com - Asian equities fell in morning trade on Friday after the U.S. markets closed lower overnight following the release of U.S. retail data which showed the biggest drop in the sector in nearly a decade.

China’s Shanghai Composite and the Shenzhen Component were down 0.6% and 0.3% respectively by 10:00 PM ET (3:00 GMT). Hong Kong’s Hang Seng Index slid 1.6%.

South Korea’s KOSPI fell 1.5%. Index heavyweights Samsung Electronics (KS:005930) and SK Hynix Inc (KS:000660) both fell more than 2%.

Meanwhile, Japan’s Nikkei lost 1.3%. Down under, Australia’s ASX 200 edged up 0.2%.

China's Consumer Price Index came in at 1.7% higher than a year ago, the National Bureau of Statistics said on Friday. That compared to the expected 1.9%.

Meanwhile, producer inflation rose just 0.1% from a year ago, lower than the forecasted 0.2% rise.

Overnight, U.S. stocks closed lower after official data showed the country’s retail sales in December came in far below expectations.

Retail sales fell 1.2% in December, according to The Commerce Department. It was their biggest monthly drop since September 2009.

Renewed uncertainty surrounding the trade tensions between the U.S. and China also weighed on sentiment. Citing three unnamed U.S. and Chinese officials, Bloomberg reported that the two countries have made little progress so far during their discussions in Beijing this week. They have failed to narrow the gap on issues related to structural reforms to China’s economy, according to the report.

The news came one day after U.S. President Donald Trump said the talks were going “very well.” He also said he is open to extend the March 1 deadline to more than double tariffs on $200 billions of Chinese goods if the two sides get closer to a deal.

U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin met with Chinese Vice Premier Liu He on Thursday. They are expected to meet Chinese President Xi Jinping later today, according to the South China Morning Post.

February 14, 2019, 10:05

Day Ahead: Top 3 Things to Watch

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow.

1. Consumer in Focus After Retail Plunge

Following today’s surprise tumble in retail sales for December, the market will be anxious for the latest consumer confidence figures, which arrive tomorrow.

The University of Michigan will release its preliminary measure of its February consumer sentiment index at 10:00 AM ET (15:00 GMT).

The index is expected to edge up to 93.3 for the current month, according to economist expectations compiled by Investing.com.

Consumer expectations and sentiment on current conditions are also forecast to rise.

Before that, the New York Fed will issue its measure of manufacturing in the New York region at 8:30 AM ET.

The Empire State Manufacturing index is seen rising to 7.1 in February.

2. Pepsi on Tap, Deere in the Spotlight

PepsiCo (NASDAQ:PEP) will report earnings tomorrow before the bell, coming on the heels of Coca-Cola's (NYSE:KO) tumble today on soft guidance.

Analyst are looking for Pepsi to report a profit of $1.49 per share on sales of about $19.5 billion, according to forecasts compiled by Investing.com.

As usual, focus will be more on its global snack business rather than its namesake cola. Investors will also be interested to see the performance and direction of new CEO Ramon Laguarta.

Pepsi was initiated with a neutral rating and a $123 price target by UBS in December.

Farm equipment maker Deere (NYSE:DE) will also weigh in ahead of trading.

As with all heavy equipment companies there will be great interest in any impact from the U.S.-China trade war.

Analysts, on average, predict a profit of $1.77 a share on sales of $6.85 billion.

3. Nvidia Rides High on Low Expectations

Chipmaker Nvidia could help techs tomorrow.

The company reported mixed quarterly results after the bell, but that was enough for investors who were clearly expecting the worst after the company warned on its results in January.

Nvidia (NASDAQ:NVDA) shares jumped 8% in after-hours trading.

The company reported an adjusted fiscal fourth-quarter profit of 80 cents per share, topping expectations for 71 cents per share compiled by Investing.com. Revenue of $2.21 billion was shy of forecasts of $2.3 billion.

Revenue guidance was a tad lower than forecasts.

February 14, 2019, 08:50

Stocks - Wall Street Ends Mixed as Techs Show Strength

Investing.com - Stocks finished mixed on Thursday as tech stocks gained and the broader market was pushed and pulled by weak economic data and the prospect of the U.S. government avoiding another shutdown.

The Dow Jones Industrial Average fell 0.41%, the S&P 500 lost 0.27%, but closed well above session lows of 2,731.23, while the Nasdaq Composite rose 0.09%.

White House Press Secretary Sarah Sanders said President Donald Trump will sign the government funding bill that would avoid a shutdown, but will use other executive measures, including declaring a national emergency, to build a border wall.

"The (p)resident is once again delivering on his promise to build the wall, protect the border, and secure our great country," Sanders said in a statement released during late trading.

The border security deal is expected to win approval in the Senate, after which it will make way to Trump's desk for his signature, averting a second partial government shutdown.

The reaction in the broader market was fairly muted, however.

A rise in tech stocks led by Netflix (NASDAQ:NFLX) helped the Nasdaq recover from broader weakness following data showing U.S. retail sales suffered their biggest drop since 2009.

Apple (NASDAQ:AAPL), Netflix and Google (NASDAQ:GOOGL) ended the day higher, but Facebook (NASDAQ:FB) closed just below the flatline.

Amazon.com (NASDAQ:AMZN) was also in the spotlight after it scrapped plans to build a second HQ in New York amid recent backlash from local residents and politicians. Its shares fell 1%.

Investor optimism on the U.S. and China agreeing a trade deal before the March 1 deadline continued, even as chief White House economic advisor Larry Kudlow downplayed reports of an extension.

"I can't speak to that. No such decision has been made so far," Kudlow told Fox News Channel when asked if there would be a 60-day extension.

In a sign of confidence on talks, Kudlow said "the vibe in Beijing is good" and confirmed the U.S. trade team would meet with Chinese President Xi Jinping on Friday.

Energy stocks, meanwhile, served up modest gains, rising just 0.15%, thanks to a 1% rise in U.S. oil prices.

On the earnings front, Canada Goose (NYSE:GOOS) fell sharply after Wells Fargo warned the retailer's valuation was frothy even as it delivered blowout fiscal-third quarter earnings that topped estimates from Investing.com. Its shares fell 12.7% after rising more than 10% in premarket trading.

"While we remain confident on the trajectory of the GOOS brand and the fundamental story that has developed since their IPO in 2017, we feel the risk/reward today is not as compelling as it once was (when shares were cheaper and upside to numbers seemed easier to come by)," analysts wrote in a note.

Top S&P 500 Gainers and Losers Today:

Marathon Oil (NYSE:MRO), Equinix (NASDAQ:EQIX) and Iqvia Holdings (NYSE:IQV) were among the top S&P 500 gainers for the session.

CenturyLink (NYSE:CTL), American International (NYSE:AIG) and International Flavors & Fragrances (NYSE:IFF) were among the worst S&P 500 performers of the session.

February 14, 2019, 09:44

NVIDIA Earnings beat, Revenue misses In Q4

Investing.com - NVIDIA (NASDAQ:NVDA) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.

The firm reported earnings per share of $0.8 on revenue of $2.21B. Analysts polled by Investing.com expected EPS of $0.71 on revenue of $2.3B. That compared to EPS of $1.57 on revenue of $2.91B in the same period a year earlier. The company had reported EPS of $1.97 on revenue of $3.18B in the previous quarter.

NVIDIA shares gained 7.11% to trade at $165.52 in after-hours trade following the report.

NVIDIA follows other major Technology sector earnings this month


On January 24, Intel reported fourth quarter EPS of $1.28 on revenue of $18.66B, compared to forecasts of EPS of $1.22 on revenue of $19.01B.

Cisco earnings beat analyst's expectations on Wednesday, with second quarter EPS of $0.73 on revenue of $12.45B. Investing.com analysts expected EPS of $0.72 on revenue of $12.41B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

February 14, 2019, 09:35

Applied Materials Earnings, Revenue beat in Q1

Investing.com - Applied Materials (NASDAQ:AMAT) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.

The firm reported earnings per share of $0.81 on revenue of $3.75B. Analysts polled by Investing.com forecast EPS of $0.79 on revenue of $3.73B. That compared to EPS of $1.06 on revenue of $4.2B in the same period a year earlier. The company had reported EPS of $0.97 on revenue of $4.01B in the previous quarter.

Applied Materials shares lost 1.74% to trade at $40.00 in after-hours trade following the report.

Applied Materials follows other major Technology sector earnings this month


On January 24, Intel reported fourth quarter EPS of $1.28 on revenue of $18.66B, compared to forecasts of EPS of $1.22 on revenue of $19.01B.

Cisco earnings beat analyst's expectations on Wednesday, with second quarter EPS of $0.73 on revenue of $12.45B. Investing.com analysts expected EPS of $0.72 on revenue of $12.41B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

February 14, 2019, 09:25

Canada stocks higher at close of trade; S&P/TSX Composite up 0.46%

Investing.com – Canada stocks were higher after the close on Thursday, as gains in the IT, Industrials and REITs sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite rose 0.46%.

The best performers of the session on the S&P/TSX Composite were Bombardier Inc (TO:BBDb), which rose 23.53% or 0.480 points to trade at 2.520 at the close. Meanwhile, Precision Drilling Corporation (TO:PD) added 14.84% or 0.42 points to end at 3.25 and Constellation Software Inc . (TO:CSU) was up 14.24% or 141.21 points to 1132.67 in late trade.

The worst performers of the session were Sierra Wireless Inc . (TO:SW), which fell 26.82% or 5.52 points to trade at 15.06 at the close. New Gold Inc (TO:NGD) declined 26.38% or 0.430 points to end at 1.200 and Chemtrade Logistics Income Fund (TO:CHE_u) was down 19.80% or 2.32 points to 9.40.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 599 to 481 and 121 ended unchanged.

Shares in Sierra Wireless Inc. (TO:SW) fell to 52-week lows; down 26.82% or 5.52 to 15.06. Shares in Constellation Software Inc. (TO:CSU) rose to all time highs; rising 14.24% or 141.21 to 1132.67. Shares in Chemtrade Logistics Income Fund (TO:CHE_u) fell to 5-year lows; falling 19.80% or 2.32 to 9.40.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 1.65% to 15.97.

Gold Futures for April delivery was up 0.03% or 0.35 to $1315.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.15% or 0.62 to hit $54.52 a barrel, while the April Brent oil contract rose 1.60% or 1.02 to trade at $64.63 a barrel.

CAD/USD was down 0.27% to 0.7523, while CAD/EUR fell 0.52% to 0.6663.

The US Dollar Index Futures was down 0.06% at 96.875.

February 14, 2019, 06:30

Gold Steady as Dollar Slides on Weak U.S. Data

Investing.com - Gold bugs may get a surprise break from U.S. economic weakening, but more data is needed to verify that.

The spot price of bullion was barely changed while futures of gold rose on Wednesday as the dollar slid after U.S. retail sales tumbled 1.2% in December, the Commerce Department reported. Economists had forecast a gain of 0.1% for the period.

Spot gold, reflective of trades in physical bullion, slid by 0.5 cent to $1,315.05 per ounce by 1:19 PM ET (18:19 GMT).

In futures trading, gold's benchmark April contract on the Comex division of the New York Mercantile Exchange was up $5.79, or 0.4%, at $1,312.07 per ounce.

Producer price inflation also came out weaker than expected, while initial jobless claims were higher than expected last week.

Gold traders held out from chasing new highs to see if the US-Sino trade talks will result in a deal.

Bloomberg reported that President Donald Trump was considering a 60-day extension to the March 1 deadline requiring China to reach a trade deal with the U.S. or risk having tariffs on $200 billion worth of goods raised to 25% from 10%.

A trade delegation led by U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer has been huddled in high-level talks with Chinese counterparts, led by Vice Premier Liu He, in Beijing since Tuesday.

"Gold is paring losses on Valentine’s Day after retail sales were off and unemployment figures rose," said George Gero, precious metals analyst at RBC Wealth Management in New York. "But we still need more headlines on US-China talks, Brexit, and whether legislation will pass on averting another U.S. government shutdown to see if bullion will continue fetching a bid."

Gold prices have risen more than 12% since touching more than 1-1/2-year lows in mid-August, mostly on expectations of a pause in Fed rate hikes.

Lower rates are disadvantageous to interest-bearing assets such as the dollar, but work in favor of commodities like gold that offer a store of value to investors. The dollar index, which tracks the greenback against a basket of other major currencies, slid 0.1% to 96.847.

But gold's run-up has also lost steam since last month when futures peaked at a 2019 high of $1,331.10.

Palladium remained the world's most valuable traded metal, with its XPD/USD trading up $11.40, or 0.8%, at 1,411.70 per ounce, after reaching a peak of $1,414.50 earlier.

Trades in other Comex metals as of 1:19 PM ET (18:19 GMT):

Palladium futures up $13.10, or 1%, at $1,385.70 per ounce.

Silver futures down 9.9 cents, or 0.6%, at $15.55 per ounce.

Platinum futures down $3.55, or 0.5%, at $788.25 per ounce.

Copper futures down 0.02 cent, or 0.1%, at $2.77 per pound.

February 14, 2019, 05:35

Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.82%

Investing.com – Denmark stocks were higher after the close on Thursday, as gains in the Industrials, Real Estate and Oil&Gas sectors led shares higher.

At the close in Copenhagen, the OMX Copenhagen 20 added 0.82% to hit a new 3-months high.

The best performers of the session on the OMX Copenhagen 20 were AP Moeller - Maersk A/S B (CO:MAERSKb), which rose 3.61% or 312 points to trade at 8952 at the close. Meanwhile, Chr. Hansen Holding A/S (CO:CHRH) added 1.65% or 10.6 points to end at 654.2 and Coloplast A/S (CO:COLOb) was up 1.22% or 7.6 points to 628.2 in late trade.

The worst performers of the session were Ambu A/S (CO:AMBUb), which fell 2.18% or 3.5 points to trade at 156.7 at the close. Lundbeck A/S (CO:LUN) declined 1.53% or 4.4 points to end at 283.0 and GN Store Nord (CO:GN) was down 1.24% or 3.8 points to 302.0.

Rising stocks outnumbered declining ones on the Copenhagen Stock Exchange by 73 to 55 and 22 ended unchanged.

Crude oil for March delivery was up 0.87% or 0.47 to $54.37 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 1.26% or 0.80 to hit $64.41 a barrel, while the April Gold Futures contract fell 0.03% or 0.45 to trade at $1314.65 a troy ounce.

USD/DKK was down 0.26% to 6.6078, while EUR/DKK rose 0.02% to 7.4611.

The US Dollar Index Futures was down 0.06% at 96.882.

February 14, 2019, 05:35

Netherlands stocks lower at close of trade; AEX down 0.39%

Investing.com – Netherlands stocks were lower after the close on Thursday, as losses in the Financials, Consumer Services and Software&Computer Services sectors led shares lower.

At the close in Amsterdam, the AEX lost 0.39%.

The best performers of the session on the AEX were Koninklijke DSM NV (AS:DSMN), which rose 8.85% or 7.48 points to trade at 92.00 at the close. Meanwhile, Akzo Nobel NV (AS:AKZO) added 1.71% or 1.32 points to end at 78.45 and Koninklijke Vopak NV (AS:VOPA) was up 1.63% or 0.70 points to 43.64 in late trade.

The worst performers of the session were WFD Unibail Rodamco NV (AS:URW), which fell 5.38% or 8.16 points to trade at 143.42 at the close. Aegon NV (AS:AEGN) declined 4.80% or 0.221 points to end at 4.384 and ArcelorMittal SA (AS:MT) was down 2.22% or 0.442 points to 19.490.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 64 to 63 and 9 ended unchanged.

The AEX Volatility, which measures the implied volatility of AEX options, was up 7.31% to 14.53.

Crude oil for March delivery was up 0.87% or 0.47 to $54.37 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 1.26% or 0.80 to hit $64.41 a barrel, while the April Gold Futures contract fell 0.04% or 0.55 to trade at $1314.55 a troy ounce.

EUR/USD was up 0.20% to 1.1288, while EUR/GBP rose 0.58% to 0.8815.

The US Dollar Index Futures was down 0.04% at 96.898.