Dow fell 54 closing at the lows, decliners over advancers about 2-1 & NAZ dropped 42. The MLP index sank 3+ to the 269s & the REIT index lost 1+ to the 352s. Junk bond funds hardly budged in price & Treasuries were a tad higher. Oil inched up pennies & gold crawled up 1 to 1281.
AMJ (Alerian MLP Index tracking fund)
![Live 24 hours gold chart [Kitco Inc.]](https://www.kitco.com/images/live/gold.gif?0.08578425567229386)
AMJ (Alerian MLP Index tracking fund)
Singapore Airlines agreed to buy $13.8B worth of Boeing (BA), a Dow stock, jets, inking the deal at the White House. The airline will purchase 20 of the 777-9 aircraft & 19 of the
plane maker's 787-10 Dreamliner jets, all long-haul
aircraft. The airline already has an order placed for 30 of the
Dreamliners & will serve as the launch customer of the airplane.
Earlier this month, BA rolled out the first of the airline's 787-10s
at its Final Assembly facility in South Carolina. Pres Trump, who joined Singapore Airline’s CEO Goh
Choon Phong & Kevin McCalister, pres & CEO of BA Commercial
Airplanes, said the new deal would employ 70K jobs. Last week while hosting Greek Prime Minister Alexis Tsipras at the White House, Trump said the European country was "looking at buying" additional planes from Boeing & that the US would help with the process. The stock fell 2.43.
If you would like to learn about BA, click on this link:
club.ino.com/trend/analysis/stock/BA?a_aid=CD3289&a_bid=6ae5b6f7
Halliburton (HAL) reported Q3 net income of $365M. On a per-share basis, EPS was 42¢, surpassing expectations for EPS of 38¢. The provider of drilling services to oil & gas operators posted revenue of $5.44B, also topping forecasts of $5.32B. The stock was off 1.09.
If you would like to learn about HAL, click on this link:
club.ino.com/trend/analysis/stock/HAL?a_aid=CD3289&a_bid=6ae5b6f7
US stocks were little changed, with the S&P 500 retreating slightly from a record, as a drop in General Electric (GE) Dow stock weighed on industrial shares. GE posted its biggest one-day percentage decline in more than 6 years, after a host of brokerages cut their price targets on the stock, citing higher chances of a div cut at the industrial conglomerate. Even with the drop in GE, major indices held near their all-time highs after a strong start to Q3 & on hopes Pres Trump's tax plans move forward after the Senate's approval of a budget resolution on Fri. Last week, the Dow & S&P 500 managed to close at a record high all 5 days. Investors are also waiting for news on the next Federal Reserve chief. Trump told reporters he is "very, very close" to making his decision on who should chair the Fed. Of the 97 S&P 500 companies that have reported earnings so far, 73.2% have topped expectations versus the 72% average for the past 4 qtrs. Industrials, were off 0.6% as the biggest drag to the S&P of the 11 major sectors.
Wall St stalls as industrials lag
Target (TGT), a Dividend Aristocrat, says customers want it to pause the "Christmas creep." It wants to be more in tune with customers' mindset, so it plans to ease in holiday promotions this year while better recognizing Thanksgiving. The retailer's holiday plans also include a new e-gift service, adding kiosks that focus on impulse presents mainly under $15, & launching a wallet feature to its app. It's also offering more weekend deals since shoppers do more holiday buying then. While all retailers need to worry about online growth, TGT is spending $7B over 3 years to remodel old stores, open small ones in cities & college towns & offer faster delivery for online orders. It's also been refreshing its store brands & trying to be more convenient to shoppers. 8 of TGT new brands will be available for the first time this holiday season. The company is expanding its marketing focus & increasing its holiday marketing budget compared to a year ago. For Nov, TGT will keep Thanksgiving signs & displays at the entrances & its marketing will play up Thanksgiving meal preparation & entertaining for shoppers. The company is also focusing on convenience. A new service on its website lets people click on a GiftNow button for products to send an e-gift. As it works to play catch-up in some online services. TGT is now shipping online orders from 1400 stores, up from 1000 a year ago. 50% of orders shipped from stores arrive to customer homes in 2 days, the company said. The stock rose 81¢
If you would like to learn about TGT, click on this link:
club.ino.com/trend/analysis/stock/TGT?a_aid=CD3289&a_bid=6ae5b6f7
.
GE dropped 1.51, contributing to the slump in the Dow. Stocks were not meant to straight up forever & this decline should be considered ordinary, especially after the Dow has risen an astounding 5K in the last year (shown below). Tax reform will be a major driver going forward & its on a very bumpy road. But the bulls remain optimistic.
Dow Jones Industrials
If you would like to learn about BA, click on this link:
club.ino.com/trend/analysis/stock/BA?a_aid=CD3289&a_bid=6ae5b6f7
Boeing signs $13.8B deal with Singapore Airlines
Halliburton (HAL) reported Q3 net income of $365M. On a per-share basis, EPS was 42¢, surpassing expectations for EPS of 38¢. The provider of drilling services to oil & gas operators posted revenue of $5.44B, also topping forecasts of $5.32B. The stock was off 1.09.
If you would like to learn about HAL, click on this link:
club.ino.com/trend/analysis/stock/HAL?a_aid=CD3289&a_bid=6ae5b6f7
Halliburton tops Street 3Q forecasts
US stocks were little changed, with the S&P 500 retreating slightly from a record, as a drop in General Electric (GE) Dow stock weighed on industrial shares. GE posted its biggest one-day percentage decline in more than 6 years, after a host of brokerages cut their price targets on the stock, citing higher chances of a div cut at the industrial conglomerate. Even with the drop in GE, major indices held near their all-time highs after a strong start to Q3 & on hopes Pres Trump's tax plans move forward after the Senate's approval of a budget resolution on Fri. Last week, the Dow & S&P 500 managed to close at a record high all 5 days. Investors are also waiting for news on the next Federal Reserve chief. Trump told reporters he is "very, very close" to making his decision on who should chair the Fed. Of the 97 S&P 500 companies that have reported earnings so far, 73.2% have topped expectations versus the 72% average for the past 4 qtrs. Industrials, were off 0.6% as the biggest drag to the S&P of the 11 major sectors.
Wall St stalls as industrials lag
Target (TGT), a Dividend Aristocrat, says customers want it to pause the "Christmas creep." It wants to be more in tune with customers' mindset, so it plans to ease in holiday promotions this year while better recognizing Thanksgiving. The retailer's holiday plans also include a new e-gift service, adding kiosks that focus on impulse presents mainly under $15, & launching a wallet feature to its app. It's also offering more weekend deals since shoppers do more holiday buying then. While all retailers need to worry about online growth, TGT is spending $7B over 3 years to remodel old stores, open small ones in cities & college towns & offer faster delivery for online orders. It's also been refreshing its store brands & trying to be more convenient to shoppers. 8 of TGT new brands will be available for the first time this holiday season. The company is expanding its marketing focus & increasing its holiday marketing budget compared to a year ago. For Nov, TGT will keep Thanksgiving signs & displays at the entrances & its marketing will play up Thanksgiving meal preparation & entertaining for shoppers. The company is also focusing on convenience. A new service on its website lets people click on a GiftNow button for products to send an e-gift. As it works to play catch-up in some online services. TGT is now shipping online orders from 1400 stores, up from 1000 a year ago. 50% of orders shipped from stores arrive to customer homes in 2 days, the company said. The stock rose 81¢
If you would like to learn about TGT, click on this link:
club.ino.com/trend/analysis/stock/TGT?a_aid=CD3289&a_bid=6ae5b6f7
.
Target says customers want it to pause the 'Christmas creep'
GE dropped 1.51, contributing to the slump in the Dow. Stocks were not meant to straight up forever & this decline should be considered ordinary, especially after the Dow has risen an astounding 5K in the last year (shown below). Tax reform will be a major driver going forward & its on a very bumpy road. But the bulls remain optimistic.
Dow Jones Industrials
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