Stock market today, May 15, 2014 The Dow Jones Industrial Average slumped from record highs yesterday on concerns of rising inflation. Producer prices increased 0.6% in April, the largest increase since September 2012. Economists had predicted a rise of just 0.2%.
- Stock Market Today: Wal-Mart Misses Earnings, Other Top Stories
- Corning (NYSE: GLW) Stock Up on Earnings Beat; Here's Where It's Headed Now
- Seven Hot Stocks Today On the Move Due to Earnings Reports
- The "Earnings Beat" That's Perfect for This Market
- Big Bank Earnings Is One of the Most Significant Events of 2014 - And It Could Bring You a Fortune
- JPMorgan (NYSE: JPM) Stock Price Up Today After Earnings
Corning Inc. (NYSE: GLW) stock was up more than 4% Monday morning after the company reported core earnings of $0.31 per share on revenue of $2.4 billion in the first quarter. That beat consensus estimates of $0.30 per share on revenue of $2.3 billion.
The company has strong momentum heading into the rest of 2014, but some investors are worried about the company's partnership with Apple Inc. (Nasdaq: AAPL) ending.
Wednesday is a huge day on the earnings calendar, and several hot stocks today are already riding the momentum of their earnings reports to morning gains of 8% and 7%.
First quarter earnings reports can be a harbinger of things to come for the full year, as companies report how they started their year and announce guidance figures for the rest of the year.
Editor's Note: Bill Patalon's readers enjoy inside access to his regular consultations with Money Map Press editors. We're sharing this conversation with you today because the subject happens to lie at the intersection of several high-profit trends now. Here's Bill...
Last Wednesday, the Milpitas, Calif.-based SanDisk Corporation (Nasdaq: SNDK) reported first-quarter results that smashed analyst expectations, and the company's shares shot up 6% in after-hours trading.
But our Chief Investment Strategist Keith Fitz-Gerald saw that beat coming and put readers out in front of it.
The Big Banks reporting earnings this week will be one of the most significant events of 2014. In the big picture, how the banks fare and what their future prospects are could single-handily determine the trajectory and breadth of the recovery we've been hoping for. Even more importantly,
It hasn't been an easy year for JPMorgan: There was the London Whale scandal, which cost the Big Bank more than $6.2 billion. Fallout from the mortgage crisis brought a $13 billion fine. And just recently JPM had to shell out another $2 billion in fines for its role in the Bernie Madoff scheme. So earnings had to be awful, right? Not exactly.