📈 Stock Market Today: Futures higher after DOW suffers worst day in 8 months
Here's what is happening in the markets today, Tuesday, July 20th:
- Travelers (TRV) up slightly pre-market after big earnings beat with $3.45 EPS vs. $2.39 est. Rev better than expected helped out by higher premiums, improved investment returns and lower catastrophic losses.
- Halliburton (HAL) up 3.0%+ pre-market after better than expected earnings. EPS of $0.26, 3 cents better than expected. Reported 2nd q of profits with rebounding oil prices.
- IBM (IBM) jumps 3.0%+ pre-market after better than expected $2.33 EPS better by 0.04 but also a rev beat. Rev up 3.4% from year earlier was best in 3 years. Cloud and software business big rev driver.
- PPG Industries (PPG) missed earnings estimates with $1.94EPS vs a $2.19 est. Rev slightly better but warned that costs would increase during the current quarter.
- Nasdaq (NDAQ) - up 1.0% pre-market after announcing that it will spin its platform for private company shares into a separate company. Sounds like the plan is in partnership with Citigroup, Morgan Stanley, and Goldman Sachs
- 10 year yields keep falling, now below 1.2% for the first time since Feb. Falling yields and falling market
- Jeff Bezos heading to space. The Blue Origin crew preparing to board the capsule. Bezo's is accompanied by his brother, female aviation pioneer Wally Funk and an 18 year Oliver Daemen who is filling in for the $28 mil charity auction winner. Scheduled for 9:00am ET. According to Morgan Stanley, Space market is expected to triple in size with more than 1Tril in annual sales by 2040.
- Johnson & Johnson (JNJ), McKesson Corp (MCK), Cardinal Health (CAH), AmerisourceBergen (ABC) expected to announce a $26 bill opioid settlement. Settlement would involve payments from J&J the drugmaker and the 3 drug distributors.
- Halliburton (HAL) up 3.0%+ pre-market after better than expected earnings. EPS of $0.26, 3 cents better than expected. Reported 2nd q of profits with rebounding oil prices.
- IBM (IBM) jumps 3.0%+ pre-market after better than expected $2.33 EPS better by 0.04 but also a rev beat. Rev up 3.4% from year earlier was best in 3 years. Cloud and software business big rev driver.
- PPG Industries (PPG) missed earnings estimates with $1.94EPS vs a $2.19 est. Rev slightly better but warned that costs would increase during the current quarter.
- Nasdaq (NDAQ) - up 1.0% pre-market after announcing that it will spin its platform for private company shares into a separate company. Sounds like the plan is in partnership with Citigroup, Morgan Stanley, and Goldman Sachs
- 10 year yields keep falling, now below 1.2% for the first time since Feb. Falling yields and falling market
- Jeff Bezos heading to space. The Blue Origin crew preparing to board the capsule. Bezo's is accompanied by his brother, female aviation pioneer Wally Funk and an 18 year Oliver Daemen who is filling in for the $28 mil charity auction winner. Scheduled for 9:00am ET. According to Morgan Stanley, Space market is expected to triple in size with more than 1Tril in annual sales by 2040.
- Johnson & Johnson (JNJ), McKesson Corp (MCK), Cardinal Health (CAH), AmerisourceBergen (ABC) expected to announce a $26 bill opioid settlement. Settlement would involve payments from J&J the drugmaker and the 3 drug distributors.