McDonald’s (MCD, quote) reported Q1 earnings of $1.23 per share on revenue of $6.55 billion. McDonald’s was expected to report earnings, excluding items, of $1.23 a share on revenue of $6.54 billion putting the earnings in line with analysis expectations.
Honeywell (HON, quote) posts an up surprise first-quarter earnings of $1.04 per share on revenues of $9.3 billion. The market was expected the Honeywell to earn 99 cents a share, on revenue of $9.15 billion
As we start last day of trading for the week the market’s weekly outcome reminds clouded. Both the Dow 30 and S&P 500 remind positive for week, however, the NASDAQ is in negative territory on a two day losing streak for all three indexes.
Spain’s Treasury auction saw solid demand on Thursday sending U.S. futures higher. Spain issued 2.5 billion in Euros or 3.3 billion in U.S. Dollars across 2 and 10 year bonds. Although demand was high – yield ticked higher compare to the last auction in January. Within the secondary market yields for both were slightly below primary sale.
U.S. markets gave up less than a percent across the board, however, several stocks managed to hit 52 week highs today. I always find companies that a can buck broader trend are always worth looking further into. Traders alike have fund many nuggets o the 52 week high list.
Top Percent Gainers
CAMS short for CurveAheadMarketStrategies.com screens found unusual activity in CALL and PUT options buying at several strike levels at mid-day trading in Prologis Inc. (PDL, quote) Option traders are coming after the May CALL and PUTS at several strikes.
The S&P 500 futures are trading below fair value, suggesting a lower market opening this mornin after the U.S. stocks closed higher yesterday on improved results on a bond auction in Spain offset European economic worries. The S&P 500 index ended the day at 1390.78, up 1.55%. Analyisi are looking for Abbott Laboratories (ABT, quote) to post earnings $0.99 per share vs. earnings of $0.55 in the same period one
CAMS short for CurveAheadMarketStrategies.com screens found unusual CALL options buying at several strike levels at mid-day trading in the Consumer Staples Select Sector SPDR Fund (XLP, quote). Option traders are grabbing the May 34 CALL as well as strike level of 37 for Jan 13 and Jan 14 leaps.
March Housing Starts fell to 654K units annualized from February’s 694K. Traders were looking for an increase to 705K units annualized.
You must be logged in to post a comment.