Tech Talk for Thursday October 17th 2019

Oct 17 06:10 2019 Print This Article

Pre-opening Comments for Thursday October 17th

U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade. Index futures responded to news that a tentative Brexit deal between the European Union and the United Kingdom has been reached.

Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the October Philly Fed Index was 8.0 versus 12.0 in September. Actual was 5.6. Consensus for September Housing Starts was 1.320 million units versus 1.364 million units in August. Actual was 1.256 million units. Consensus for Weekly Initial Jobless Claims was 215,000 versus 210,000 last week. Actual was 214,000.

IBM dropped $7.23 to 134.66 after reporting lower than consensus third quarter revenues.

Netflix gained $26.49 to $312.26 after reporting higher than consensus third quarter earnings.

Read More

About Article Author

Timing the Market

Tech Talk is a free stock market letter service offering free daily reports on equity markets, sectors, commodities and exchangetraded funds. The Web site has recently received an average of 1.6 million hits per month from 130 countries.

Related Items

Agriculture markets eye normality as countries ease export restrictions

The global food supply chain, as well as demand for agricultural products, faces an unprecedented threat from the coronavirus pandemic. Livelihoods have been destroyed and economies dragged down, while prices of basic foodstuffs soared and countries imposed measures to limit exports and shore up do ...

Precipitate Gold $PRG.V $PREIF Adds Major Barrick Gold $GOLD as Shareholder

Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in the Pueblo Viejo Mining Camp and Tireo Gold Trend of the Dominican Republic. Precipitate is also actively evaluating additional high-impact property acquisitions with the pot ...

Commodity Tracker: 4 charts to watch this week

A recovery in Chinese independent refiners’ oil imports tops this week’s pick of trends in energy and raw materials markets. EU carbon markets, the relationship between US rig counts and tubular steel prices, and LNG supply to Europe are also on the agenda. 1. Saudi crude supply to Chinese ind ...

April 2, 2020

It was a good day for oil: Canada’s main stock index rose on Thursday, led by energy shares as crude prices posted their biggest-one day gains on record on Thursday. The Toronto Stock Exchange’s S&P/TSX Composite index finished unofficially up 221.39 points, or 1.72%, at 13,097.76. Nine of the ...

Biggest Gold Asset in S. America Got New CEO with Great M&A Record

During this quarantine I have been blessed to speak to some extremely successful entrepreneurs in the mining sector.  It has been during this pandemic crisis that opportunities arise for astute investors who can think quickly.   Many smart investors who left the mining sector to real estate, cann ...

Don’t write an obituary for shipping’s dirtiest fuel

High sulfur fuel oil, once the cheap staple diet of the shipping industry, has been usurped by an abundance of low-cost, premium quality bunker fuel. That’s led to seafarers freezing orders for equipment to remove the sulfur from HSFO and maximizing compliant fuels. But don’t write off shipping ...

Market Update: Investors Optimistic as Global Economies Reopen

The quickest bear market in the history of the US S&P 500 turned into the best 50-day bull market rally in history in May. By market close on June 3, 2020, the S&P 500 Index was up 37.7% from its March 23, 2020 low. This bullish investor sentiment has been based on the continued decline in new coro ...

Latest in Mortgage News: Stress Test Rate to Drop

Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week. Both RBC and BMO cut a number of their posted mortgage rates this week, which should cause the mortgage stress test to fall from 5.04% to 4.99%, according to Rate ...

Episode 2: How Is the Pandemic Changing the Race to Automate?

  All of a sudden, front line workers are being treated as the heroes of this pandemic and that is only fair. Bus drivers, grocery workers, cleaners, meat plant employees – all of these people jobs that need doing and they put themselves at risk in the process. In acknowledgement of that, many e ...

Episode 4: The Lights are Out in the Travel Sector – Will They Ever Go Back On?

Many sectors have been impacted by the pandemic, but none more completely than the travel sector. One week is was functioning at full capacity, and then the next the lights had completely gone out, or so it seems. When they go back on, they will shine on a completely different sector, one is which ...

Great networks are just a part of the equation

Perhaps more than ever before, the availability of universal on-line connectivity has been a prominent part of the public conversation. With people stuck at home, awareness of the digital divide has never been more profound. It is worthwhile taking a look at intermediate successes that should be ce ...