tl;dr
Stock index futures were little changed on Tuesday, while yields were higher, a day after major market averages jumped following a heavy dose of selling last week, helped by a rise in tech stocks. S&P 500 futures (SPX) 0.1%, Nasdaq 100 futures (NDX:IND) 0.1% and Dow futures (INDU) 0.1%. The 10-ye...
Stock index futures were little changed on Tuesday, while yields were higher, a day after major market averages jumped following a heavy dose of selling last week, helped by a rise in tech stocks. S&P 500 futures (SPX) 0.1%, Nasdaq 100 futures (NDX:IND) 0.1% and Dow futures (INDU) 0.1%. The 10-year Treasury yield (US10Y) rose 1 basis point to 4.62%. The 2-year yield (US2Y) rose 2 basis points to 5%. The U.S. will auction off $69B of new 2-year Notes this afternoon. "While the Magnificent 7 were up 0.94% yesterday, Tesla (TSLA) was down -3.40%, extending its decline this year to -42.8% and having halved since last July. It's maybe a slight warning for the darlings of the current AI boom that things can change quickly if profits don't follow very high expectations as new technologies grow," Deutsche Bank's Jim Reid said. Markets had their best performance in some time yesterday, as investors became a bit more optimistic about the near-term outlook, Reid said. "Adding to the positive sentiment were growing hopes that a further escalation in the Middle East would be avoided." On Monday, the major market averages recovered ground after last week, as all of the 11 S&P segments finished higher with Financials and Info Tech at the top of the leaderboard. The S&P 500 also snapped its six-day losing streak. On the economic front, the April S&P Global U.S. Manufacturing PMI is due shortly after the open, with economists expecting a marginal rise to 52. "U.S. economy-watchers are never short of indicators to track, but a strong case now can be made for paying close attention to S&P Global’s PMI survey," said Pantheon Macroeconomics. S&P's PMI is too unreliable a guide to GDP to be useful, but its soft inflation signal should be taken seriously. Pantheon Macro added. The new home sales report for March, which is due at 10:00 am ET, is forecasted to show a rise to a rate of 668K. The April Richmond Manufacturing Index is also slated to land at the same time, and is expected to come at -7. On the earnings front, bigwigs such as Tesla (TSLA), Philip Morris International (PM), General Electric (GE), Visa (V), General Motors Company (GM), Lockheed Martin (LMT), Freeport-McMoRan (FCX) and more, are expected to report today.
More about Tesla Inc
TESLA INC (TSLA)
Sector: MANUFACTURING - MOTOR VEHICLES & PASSENGER CAR BODIES
Market Cap: 468.32B
Current Price: $34.28
Dividend Yield: None
EPS: 4.29
P/E Ratio: 30.49
ROE: 0.155
Revenue (ttm): 96.77B
52-week Range: $183.14 - $1.115
Vol Avg (3m): 0.035
More about Philip Morris International Inc
Philip Morris International Inc Philip Morris International Inc. (PMI) is a Swiss-American multinational cigarette and tobacco manufacturing company, with products sold in over 180 countries. The most recognized and best selling product of the company is Marlboro.
Industry: Manufacturing
Product: Cigarettes
Market Cap: 145.77 Billion
Current Price: $18.68
PE Ratio: 5.14
EPS: $5.02
52-week High: $22.66
52-week Low: $0.222
Revenue: $35.17 Billion
Dividend Yield: 108.04%
Beta: -0.085
Volatility: 0.11
More about GE Aerospace
GE Aerospace,General Electric Company (GE) is an American multinational conglomerate incorporated in New York City and headquartered in Boston. As of 2018, the company operates through the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing and venture capital and finance.
Industry: MANUFACTURING, ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP)
Market Cap: 161.87B
Current Price: $18.55
Price Change: $0.32
Change Percentage: 7.98%
PE Ratio: 62.4
Dividend Yield: 0.14
Revenue: $67.95B
EPS: $166.5
Net Income Margin: -0.232
Operating Margin: 0.154
More about Visa Inc. Class A
Visa Inc. Class A Summary Visa Inc. Class A Summary
Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. Visa is one of the world's most valuable companies.
Trade & Services
Sector: Services - Business Services
Industry: NEC
Market Cap: 554.15 billion
Current Price: $31.04
Change: $1.94 ( 8.69%)
Year-to-Date Change: 16.39%
Dividend Yield: 0.539%
Volume: 33,351,000
Revenue: $30.52 billion
EPS: $0.203
P/E Ratio: 0.088
More about General Motors Company
General Motors Company (GM) Summary:
General Motors Company (GM) is an American multinational corporation headquartered in Detroit, Michigan that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center.
Sector: Manufacturing
Industry: Motor Vehicles & Passenger Car Bodies
Market Cap: $48.91 billion
Dividend Yield: 5.79%
Price/Earnings Ratio: 0.36
Return on Equity: 7.32%
Stock Price: $125.98
Price/Book Ratio: 0.0589
Revenue: $171.84 billion
Earnings per Share: $51.43
Profit Margin: 13.5%
Operating Margin: -0.3%
More about Lockheed Martin Corporation
Lockheed Martin Corporation Summary
Lockheed Martin Corporation is an American aerospace, defense, information security, and technology company with worldwide interests. It is headquartered in North Bethesda, Maryland, in the Washington, D.C., area.
Industry: Manufacturing
Primary Sector: Guided Missiles & Space Vehicles & Parts
Market Cap: $110.95 billion
Current Price: $16.75
50-Day Moving Avg: $12.15
200-Day Moving Avg: $27.55
EPS: $269.96
PE Ratio: 0.102
Revenue: $67.57 billion
Net Income: $484.4 million
Dividend Yield: 0.024
Beta (Volatility): -0.006
More about Freeport-McMoran Copper & Gold Inc
Freeport-McMoRan Inc. Stock Analysis Freeport-McMoRan Inc. (Freeport), an American mining company, is currently trading at $38.76.
The stock price has increased by 0.6% and the Relative Strength Index (RSI) stands at 50.74.
Freeport's market capitalization is $71.16 billion with a 1.28% dividend yield.
The stock's 50-day moving average is $15.94, and it has a volatility of 0.0809.
Freeport's resistance level is at $50.74 with a downside potential of -0.446 and an upside potential of 0.026.
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