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Yahoo BusinessOct 16, 2019
Is Leggett & Platt, Incorporated (LEG) A Good Stock To Buy?
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […]


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Google Market NewsOct 16, 2019
Bank Of America Earnings Beat; Bank Of America Stock Clears Buy Point - Investor's Business Daily
Bank Of America Earnings Beat; Bank Of America Stock Clears Buy Point  Investor's Business DailyBank of America shares rise after lender posts better-than-expected profit on retail operations  CNBCBank of America's stock jumps after profit beats expectations, revenue surprisingly rises  MarketWatchBank of America Third-Quarter Profit Falls on Charge  The Wall Street JournalBank of America Stock Gains as Earnings Beat Forecasts.  Barron'sView full coverage on Google News

MarketWatch MarketPulseOct 16, 2019
Alcoa posts another quarterly loss, announces capacity 'review', asset sales
Alcoa Corp. late Wednesday posted a wider-than-expected adjusted quarterly loss and announced a "review" of its smelting and refining capacity as well as asset sales to boost profits and lower costs. Alcoa said it lost $221 million, or $1.19 a share, in the third quarter, compared with a loss of $6 million, or 3 cents a share, in the year-ago quarter. Adjusted for one-time items, Alcoa posted a loss of $82 million, or 44 cents a share, versus earnings of $154 million, or 82 cents a share, a year ago. Revenue fell to $2.6 billion from $3.4 billion in the third quarter of 2018. Analysts polled by FactSet had expected an adjusted loss of 42 cents a share on sales of $2.6 billion. Alcoa said it is "multiyear portfolio review" aims to refine its "strategic priorities" with an eye toward driving costs lower and achieving "sustainable profitability." The company kept its prediction of a deficit in the global aluminum market, and estimated lower global demand for aluminum for the year, versus a previous estimate of demand growth. "The change is driven by weakening macroeconomic conditions, trade tensions between the U.S. and China, and contracting manufacturing activity, especially in the global automotive sector," Alcoa said. For the alumina market, Alcoa projected a global surplus for 2019 that was slightly higher than the previous quarter's predictions. Shares of Alcoa rose 4% in the extended session after ending the regular trading day down 1.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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Stocks finish slightly lower after retail sales drop draws questions over consumers' health (MarketWatch MarketPulse)

MarketWatch Breaking NewsOct 16, 2019
U.S. stocks finish slightly lower after weak retail sales
U.S. stocks finish slightly lower after weak retail sales

Yahoo BusinessOct 16, 2019
3 Reasons The Stock Market Won't Make New Highs On The Phase I Trade Deal
The SPDR S&P 500 ETF Trust (NYSE: SPY) has rallied 1.4% since President Donald Trump announced the U.S. and China have agreed to Phase I of a trade deal that takes Oct. 15 tariff hikes off the table for now. While investors cheered the news that the trade war will not be escalating, some critics said Friday's trade news isn't enough to get the market to new highs. The Phase I deal provided no relief from current trade war tariffs and it contained no provisions that would boost global growth from current levels.


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Here's what happened to the stock market on Wednesday (CNBC Finance)

MarketWatch MarketPulseOct 16, 2019
McKesson, Cardinal Health, AmerisourceBergen stocks surge after WSJ report of $18 billion settlement talks
Shares of McKesson Corp. rallied 5.7% in midday trading Wednesday, enough to pace all of its larger-capitalization health care peers, after The Wall Street Journal reported that the drug distributor, and two others, were in talks to pay $18 billion to settle all litigation brought by state and local governments blaming the companies for fueling the opioid crisis. Of the other two drug distributors, shares of AmerisourceBergen Corp. climbed 4.7% and Cardinal Health Inc. hiked up 3.7%. Shares of Johnson & Johnson rose 2.4% after the WSJ report out late Tuesday, citing people familiar with the situation, said the company was also involved in the discussions to contribute additional money. The four companies' stocks topped the list of gainers in the SPDR Health Care Select Sector ETF , which inched up 0.1%, while the S&P 500 slipped 0.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseOct 16, 2019
Probability of an October Fed rate cut soars after disappointing retail sales data
Fed funds futures markets on Wednesday indicated a 90.3% probability that the Federal Reserve will cut interest rates for a third consecutive meeting when the central bank's interest-rate setting committee gathers Oct. 30 and 31, up from a 73.8% chance Tuesday, according to CME Group data. The move follows a Commerce Department estimate that U.S. retail sales fell in September for the first time in seven months. The yield on the 10-year U.S. Treasury note fell 2.7 basis points to 1.742%, that on the 2-year note fell 3.7 basis points to 1.577%, while the 30-year Treasury Bond yield retreated 0.6 basis point to 2.226%. A monthlong strike at General Motors may have contributed to weaker sales, after it has idled tens of thousands of workers in the Midwest.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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