Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.
fideljazy

Stocks Tumble On Disappointing Earnings, Data - Forbes

Stocks end lower; Caterpillar, Microsoft disappoint - Yahoo Finance

The negative economic data released Tuesday morning included orders for U.S. durable goods, which unexpectedly fell by 3.4% in December, led by a decline in demand for commercial airplanes. Home sales price growth also slowed in November , marking the 11th straight month of price deceleration, according to S&P/Case-Shiller. Earnings season is in full swing this week, with Microsoft Microsoft releasing results Monday and Apple Apple and Yahoo Yahoo set to report after the close.
Source: http://www.forbes.com/sites/laurengensler/2015/01/27/stocks-drop-sharply-on-disappointing-earnings-data/

STOCKS GET CRUSHED: Here's What You Need To Know - Yahoo Finance

The company's comments on 2015 were also generally downbeat, with Caterpillar saying, " We expect world economic growth to only improve modestly in 2015. 3. After Monday's close, Dow member Microsoft also had a worse-than-expected outlook on the year ahead, with the tech giant saying that it expects to have a generally tough road ahead of it. Following this outlook, Nomura's Rick Sherlund downgraded the stock to Neutral from Buy, and Microsoft shares fell more than 9% on Tuesday. 4.
Source: http://finance.yahoo.com/news/stocks-crushed-heres-know-210014982.html

Stocks Are Getting Crushed - Yahoo Finance

Bloomberg's Cory Johnson has more on "Taking Stock." Load More U.S. stocks dropped sharply on Tuesday as corporations reported earnings that disappointed and orders for U.S. business equipment unexpectedly declined in December. "If you live in the northeast, and you work from home, you're trying to figure out why the market is down 400 points," Art Hogan, market strategist at Wunderlich Securities, referring to the snowstorm that halted transit in and around New York City overnight before ending earlier Tuesday. "It's a combination of an increase in volatility when you have a decrease in volume, and a transition period between seeing the ill effects of lower energy prices on companies hurt by the stronger dollar and weaker commodity prices, before we see the benefits of better consumer spending," said Hogan, who believes lower gasoline prices will eventually translate into increased discretionary purchases.
Source: http://finance.yahoo.com/news/stocks-end-lower-caterpillar-microsoft-210930546.html

Google Finance Stocks are still taking it on the chin, though losses have eased a bit in early afternoon trading. Near 1:00 pm ET, the Dow was down 277 points, the S&P 500 was down 22 points, and the Nasdaq was down 72 points. Earlier, the Dow and Nasdaq had been down more than 2%. The big news weighing on the Dow is from Caterpillar and Microsoft. Caterpillar on Tuesday morning gave a really downbeat outlook for the global economy in 2015 as its earnings missed expectations and the company gave a revenue outlook for 2015 that was about best stock to buy with $50 investment 10% below Wall Street expectations. In early trade on Tuesday, shares of Caterpillar were down as much as 7%. Microsoft shares were also weighing on the Dow, falling more than 9% shortly after the bell after the tech giant last night gave a gloomy outlook for 2015, cutting estimates to "reflect a significantly more challenging transition ahead." Economic data on Tuesday was also disappointing, with December's durable goods orders report showing that orders fell 3.4% against expectations for an increase od 0.3%. November's report was also revised lower. The Case-Shiller report on home prices showed prices rising, but at a slower pace than a year ago, and in the Case-Shiller release, David Blitzer said, "Prospects for a home run in 2015 aren't good." Consumer confidence data , however, came in at its highest level since August 2007 and new home sales came rose 11.6% in December to an annualized pace of 481,000. More From Business Insider
Source: http://finance.yahoo.com/news/stocks-getting-crushed-144558531.html

Stocks fall sharply on poor earnings - Yahoo Finance

In the industrial sector, Caterpillar is down almost 6 percent after earnings and revenue lagged estimates. A strong dollar is also weighing on international giants like Pfizer and DuPont. Corning gained 2 percent after beating consensus. The schedule remains very active today with Apple, the world's most valuable company, scheduled to report after the closing bell, along with companies like Yahoo, Juniper Networks, Amgen, United States Steel and Western Digital. Today's agenda brings several important items as well: durable-goods orders at 8:30 a.m.
Source: http://finance.yahoo.com/news/stocks-retreat-poor-earnings-131236262.html

Don't be the product, buy the product!

Schweinderl