Enter Symbol

U.S. Indices

 
Name Last Chg
Dow Jones 21394.76 0.01%
NASDAQ 6265.25 0.46%
S&P 500 2438.30 0.16%
S&P 100 1075.43 0.14%
All information above is at least 15 mins delayed.

Top Movers

NASDAQ | NYSE | AMEX
NYSE Arca
Top Gainers
23-Jun 16:15
Symbol Last Chg
PTLA 56.0600 46.56%
RWLK 2.4000 33.33%
SNCR 16.2400 33.33%
RTNB 8.9900 28.41%
IIN 8.3500 27.48%
Top Losers
23-Jun 16:15
Symbol Last Chg
NVIV 2.8500 21.92%
MRDN 2.4000 15.19%
PRKR 2.1000 13.93%
DRYS 2.4400 13.78%
BBRY 9.7100 12.21%
Top Volume
23-Jun 19:59
Symbol Last Chg
DCTH 0.1600 32.26%
AMD 14.1700 1.46%
FTR 1.2200 8.93%
AVEO 1.2500 71.75%
MU 31.7300 0.50%
All information above is at least 15 mins delay, except for the symbols' ranking which is refreshed real time.
 

U.S. Market Outlook

Wall St Week Ahead-Oil's drop could leave a stain on earnings
25-Jun-17 13:00
(Repeats story first published Friday with no changes to text) By Caroline Valetkevitch and Rodrigo Campos NEW YORK, June 23 (Reuters) - Heading into second-quarter earnings season, investors are looking for a continuation of strong U.S. company results to justify high stock valuations, now trading near their loftiest levels since 2004. However, drilling a hole into that hopeful scenario is the current bear market in oil prices and an economy showing signs of growth below the pace expected earlier in the year. "A lot of the expectation for a recovery in earnings is predicated on oil prices being around $47-$50 a barrel," said Hugh Johnson, chief investment officer of Hugh Johnson Advisors LLC in Albany, New York. "So if you don't get those numbers, you don't get the strong earnings the stock market needs. This is not trivial stuff. It creates a lot of uncertainty and volatility in forecasts." U.S. crude futures have been pressured lower by a supply glut. They've averaged over $48 per barrel so far this quarter, but traded around $43 on Friday and are down more than 20 percent from February, when they hit an 18-month high. U.S. stocks are in the ninth year of a bull run which has been fueled of late by bets on pro-growth policies from U.S. President Donald Trump. However, with the timetable for reforms stretching further into the future, earnings are seen as a critical support for stock prices. With indexes near record highs, there is speculation among Wall Street analysts about whether a correction is due. Earnings expectations have dropped for 10 of 11 industry groups since early April, with only industrials looking better than they did then. The benchmark S&P 500 stock index as a whole is expected to deliver 7.9 percent profit growth, down from 15.3 percent in the first quarter, and below the 10.2 percent forecast in April, Thomson Reuters data shows. On Thursday, Nike will be the first Dow component to report earnings for the most recent quarter. The season heats up in the second week of July. Technology earnings are seen posting double-digit growth, helped by gains in semiconductor companies, and financials are close behind with estimated 8.1-percent profit growth. While lower energy prices can help some sectors such as industrials and transports, as well as boosting consumer sentiment, high expectations for energy earnings growth mean any stumble will be felt broadly. Energy sector profits are seen up a whopping 683 percent from a year ago, when many companies posted losses, according to Thomson Reuters data. Without energy, profit growth estimates drop to 4.8 percent for the quarter. Expectations for the sector will probably have to come down for the second half of the year if low oil prices persist, said David Joy, chief market strategist at Ameriprise Financial in Boston. "The one wild card right now is the price of oil. Expectations that are baked into full-year forecasts assume a higher price for oil certainly than we have now," he said. Energy has been the weakest performing sector so far this year, with the S&P energy index down near 15 percent. OVER-OPTIMISTIC FORECASTS? The drop in oil prices notwithstanding, some analysts have cautioned that Wall Street has been too optimistic about overall earnings. Michael Purves, chief global strategist at Weeden & Co, cut his 2017 S&P 500 earnings estimates from $127 to $116, below the $131.51 consensus, as economic growth and inflation are not as high as expected. "I'm looking for CEOs to start taking down their forecasts for the year," Purves said. In fact, the Citigroup U.S. economic surprise index , a gauge of economic data compared to expectations, this month fell near a six-year low. An Atlanta Federal Reserve model recently forecast second-quarter economic growth coming in at a 2.9-percent annualized pace, down from a previous 3.2 percent. Another hurdle for earnings growth: declining corporate buybacks. "Over the past two years, more than 20 percent of S&P 500 issues have given at least a 4 percent tailwind for (earnings per share) via reduced share counts," Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, said in a note. For the first quarter of 2017, that rate fell to 14.8 percent of companies, and there are indications of "even less support" in the second quarter, he said. (Additional reporting and editing by Megan Davies; Editing by Daniel Bases and Nick Zieminski) ((caroline.valetkevitch@thomsonreuters.com; +1 646 223 6393; Reuters Messaging: caroline.valetkevitch.thomsonreuters.com@reuters.net)) ((Wall St Week Ahead runs every Friday. For the daily stock market report, please click )) Keywords: USA STOCKS/WEEKAHEAD

ADR Hong Kong

Name Symbol Price
(USD)
Conv.
Ratio
HKD
Equivalent
HSBC HOLDINGS ADR REP 5 ORD HSBC 0005.HK 43.3600 1:5 67.64
SINOPEC SHANGHAI ADR REPSG 100 H ORD SHI 0338.HK 51.4400 1:100 4.01
CHINA PETRO & CHEM ADR REP 100 H ORD SNP 0386.HK 79.6300 1:100 6.21
GUANGSHEN RAIL ADR REP 50 CL H ORD GSH 0525.HK 24.6500 1:50 3.85
CHINA EAS AIRL ADR REP 50 CL H ORD CEA 0670.HK 29.2000 1:50 4.56
CHINA TELECOM ADR REP 100 CL H ORD CHA 0728.HK 48.6000 1:100 3.79
CHINA UNICOM HNG KNG ADR REP 10 ORD CHU 0762.HK 15.0800 1:10 11.76
PETROCHINA ADR REPSNTG 100 H ORD PTR 0857.HK 61.9700 1:100 4.83
CNOOC ADR REP 100 ORD CEO 0883.HK 109.0200 1:100 8.50
HUANENG POWR INT ADR REP 40 CL N ORD HNP 0902.HK 28.6900 1:40 5.59
CHINA MOBILE ADR REPSG 5 ORD CHL 0941.HK 53.6100 1:5 83.63
SMIC MANFC INTL ADR REP 50 ORD SMI 0981.HK 5.3700 1:5 8.38
CHINA SOUTH AIRL ADR REP 50 CL H ORD ZNH 1055.HK 41.3500 1:50 6.45
PRUDENTIAL ADR REPSTG 2 ORD PUK 2378.HK 45.7500 1:2 178.42
ALUMINUM CHINA ADR REP 25 CL H ORD ACH 2600.HK 12.2500 1:25 3.82
CHINA LIFE INSURNCE ADR REP 5 H ORD LFC 2628.HK 15.5000 1:5 24.18
VALE ADR REPTG ONE ORD VALE 6210.HK 8.1700 1:1 63.72
JINKOSOLAR HLDG ADR REP 4 ORD JKS IPO-JSHG.HK 20.7700 1:4 40.50
Last Update (U.S. ET): 23-Jun 16:07
All information above is at least 15 mins delayed.

Economic Indices

Economic Indices not available.

Top News

Market Information above is provided by third party service provider   Disclaimer
The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © Year 2017 is proprietary to Dow Jones & Company, Inc.
S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All Information Provider(s) endeavor to ensure the accuracy and reliability of the information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions. All rights reserved.