What to watch: Johnson & Johnson: Consumer goods and medical giant Johnson & Johnson reports its third-quarter earnings today; the state of its now disrupted vaccine trial is likely to be a point of interest. On the firm’s Q2 earnings call in July, management told investors that the firm is working to build its manufacturing…
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What to watch US corporate earnings season: Third-quarter earnings season kicks off in the US tomorrow, starting as usual with most of the major banks. JPMorgan and Citigroup are among the first to deliver their quarterly reports on Tuesday, along with BlackRock, Delta Air Lines and Johnson & Johnson. Throughout the week, Bank of America,…
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What to watch US election polls: There is little in the way of significant company announcements or earnings news being delivered today. While markets appear to have been heavily guided this week by the ups and downs of attempts to bring another stimulus package to bear in the US, Marketwatch reported that there is a…
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What to watch Dominos Pizza: One beneficiary of the pandemic has been Domino’s Pizza, which has added almost 50% to its share price in 2020 as consumers have favoured delivery services over restaurants and bars. The firm has outpaced rival Papa John’s, which is up 30% year-to-date. A key point to watch in Domino’s Thursday…
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What to watch RPM International: Specialty coatings and building materials firm RPM, which has an $11bn market cap, has gained 9.9% in 2020, including an 11.5% rally in the past five months. That caps off a 2019 which saw the company grow its share price by almost 30%. Today, the company will deliver its latest…
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What to watch Paychex: Small business human resource, payroll and benefits outsourcing firm Paychex’s share price is close to flat year-to-date, lagging the broader market, as widespread unemployment puts its business model under pressure. The company delivers its latest quarterly earnings update on Tuesday, with Wall Street analysts expecting an earnings per share figure of…
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What to watch Restaurant Group: London-listed Restaurant Group is the firm behind brands such as Wagamama, Frankie & Benny’s and Coast to Coast. As is the case for the restaurant industry as a whole, the pandemic has put a huge dent in the firm, which has seen its share price fall by more than 67%…
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The House vote came after a variety of economic data was released on Thursday, which contained some potential red flags. Personal income fell 2.7% in August, while initial weekly jobless claims remained stubbornly high at 837,000. The week has been littered with news of major corporate job cuts coming down the pipeline, and the US…
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Healthcare was the leading sector in the index overall, helped by 3.5% plus gains from care providers Centene, Universal Health Services and HCA Healthcare. In healthcare company news, device maker Medtronic made waves late in the day after market hours, as The Wall Street Journal reported that the Justice Department is investigating whether acquisitions the…
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Chipmakers enjoyed a positive day, with Micron Technology and Advanced Micro Devices both gaining more than 2%, although Micron plunged by more than 5% in after-hours trading following the release of its quarterly earnings. The firm told investors that it does not know when it will be able to sell to Chinese firm Huawei again,…
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