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Stocks mixed as earnings season roll on




Shares were mixed Monday when investors expected quarterly an attack on large companies across sectors, with consensus estimates pointing to a broad decline in earnings last year.

<p class = "canvas-atom canvas- text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "S & P 500 ( ^ GSPC ) edged up 0.03% or less than 1[ads1] point, starting at 11:24 ET, with the energy sector delivering when crude oil went out. The Dow ^ DJI ) fell 0.07% , or 18.91 points while Nasdaq ( ^ IXIC ) rose 0.04%, or 3.5 points. "data-response time =" 16 "> S & P 500 (^ GSPC) increased 0, 03%, or less than 1 point, from. 11:24 to ET, while the energy sector passed as the crude oil price rallied. Dow (^ DJI) fell 0.07%, or 18.91 points, while Nasdaq (^ IXIC) rose 0.04%, or 3.5 points.

U.S. The stock markets opened Monday on their heels on a holiday weekend, with regular trading closed Friday in line with good Friday. European markets are also closed for Easter Monday.

Investors see a number of large companies that place quarterly results this week, with 155 names in the S & P 500 set to report.

S & P 500 corporate revenue is expected to fall by 4.1% the year before in the first quarter of 2019, according to Wall Street consensus. The negative earnings estimates are largely due to the timing that Trump administration's tax spread came into force, which had helped to increase earnings at the beginning of 2018 and tough comparisons this year.

On Monday was approx. 21% of the S & P 500's market value had reported the result for the quarter. Revenues exceeded 6.0%, and 77% of companies exceeded their bottom line estimates. This compares to 5.4% and 71% over the past 3 years, according to an analysis by Jonathan Golub, chief executive of US Treasury Credit Suisse.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Companies in the industrial sector have achieved this earnings season well, with quarterly results results on top EPS estimates with 5% and 81% forecasts, adds Golub.This is on the heels of a rise in US manufacturing activity at the end of the first quarter, with the Department of Supply Management the most recently read & nbsp in the industry sector in March surpassing expectations. "data-response time =" 21 "> Industrial sector companies have performed well in this earnings period, with quarterly results on top EPS estimates by 5% and 81% of companies exceeding projections, Golub adds. to. This comes at the height of an upturn in US manufacturing activity at the end of the first quarter, with the Department of Supply Management's latest reading in the manufacturing sector in March exceeding expectations.

Other analysts have been just as optimistic about the sector in the light of the latest data.

"The recent upturn in activity surveys and some of the hard data in Asia signals that global production activity may be bottom-up, suggesting that there may not be much more disadvantages for the US manufacturing sector in the coming months," Paul said. Ashworth, Chief Economist of Economics, in a note Monday

Trader Andrew Silverman Jobs on the floor of the New York Stock Exchange, Tuesday March 12, 2019. Another slide in Boeing weighed on the Dow Jones Industrial Average. (AP Photo / Richard Drew)

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Other industrial companies reporting this week, including Boeing ( BA ), United Technologies ( UTX ), Caterpillar ( CAT ), UPS ( UPS ), and 3M ( MMM )). "data-reactid =" 35 "> Other industrial companies reporting this week, including Boeing (BA), United Technologies (UTX), Caterpillar (CAT), UPS (UPS) and 3M (MMM).

<p class = "canvas -atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Fireplace prices jumped after reports from Washington Post and Reuters and that the US Department is ready to announce an end to country sanctions currently importing Iranian crude oil. The news sent Brent Crude Oil ( BZ = F ) and the West Texas Intermediate Crude Oil ( CL = F ) to recent years. Prices rose to 3.2% and 2.9%, respectively, as investors braced for an expected supply cut. "Data Reaction Time =" 36 "> Elsewhere, crude oil prices went by reports from The Washington Post and Reuters that the US Department is able to announce an end to sanctions for countries currently importing Iranian crude oil. The news sent Brent Crude Oil (BZ = F) and West Texas Intermediate Crude Oil (CL = F) at year-end. Prices rose by 3.2% and 2.9%, respectively, as investors braced for an expected offer of the offer.

STOCKS

<p class = "Canvas-atom canvas text Mb (1.0em) Mb Halliburton ( HAL ) reported better than expected earnings and revenue for the fiscal first-quarter quarter and expected an improvement in oil prices for service prices in the coming months. The world's largest delivery supplier reported revenues of $ 5.73 billion, against $ 5.53 billion, and adjusted EPS by $ 23, or a penny ahead of expectations. statement that he believes "the worst in the downturn" was behind them in the company's North American segment – which accounts for about two-thirds of total revenue – and expected demand for services "progresses" in the next few quarters. "Halliburton ( HAL ) reported better than expected earnings and revenues for the first quarter and expected an improvement in oil price service prices in the coming months. The world's largest fracking supplier had revenues of $ 5.73 billion. US $ 5.53 billion, adjusted EPS of 23 cents, or a penny ahead of expectations, CEO Jeff Miller said in a statement that "the worst of the downturn" was behind them in the company's North American segment – which reverses about two-thirds of total revenue – and anticipated demand for services "progresses" in the next few quarters.

<p class = "canvas-atom clay text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Kimberly-Clark ( KMB ), manufacturer of household products, including Kleenex fire tissue, posted top and bottom line results for the first quarter that exceeded consensus expectations r and repeated its full-year result The company achieved first quarter adjusted earnings per share of $ 1.66, against $ 1.54, net net worth of $ 4.6 billion, compared to $ 4.53. Kimberly-Clark fielded its full-year adjusted EPS forecast of between $ 6.50 and $ 6.70 per share. "Data-response time =" 39 "> Kimberly-Clark ( KMB ), the household product manufacturer Including Kleenex Firewood, posted top and bottom results for the first quarter, which exceeded consensus expectations and repeated its full-year earnings guidance, the company entered first quarter adjusted earnings per share of $ 1.66, against $ 1.54 expected, on net sales of $ 4.6 billion, against $ 4.53 expected, Kimberly-Clark posted his full-year adjusted EPS for between $ 6.50 and $ 6.70 per share.

<p class = "canvas -can-text Mb (1.0em) Mb (0) – -M Mt (0.8em) – sm "type =" text "content =" Grainger ( GWW ) hit consensus expectations on the bottom line and repeated throughout the year 2019 Guide for revenue growth of between 4% and 8.5%. Corrected EPS of $ 4.51 was 6 late last year, while sales of $ 2.8 billion were in line with consensus expectations. the reported quarter and repeated its full-year guidance for the operating margin to reach between 12.2% and 13%. "Ginger GWW ) concludes consensus expectations on the bottom line and repeated its full year 2019 sales growth guidance of between 4% and 8.5%. The first quarter adjusted EPS of $ 4.51 was 6 cents ahead of estimates, while sales of $ 2.8 billion were in line with consensus expectations, and the business provider also achieved an operating margin of 13% for the reported quarter, and repeated its full-year operating margin guidance to reach between 12.2% and 13%.

ECONOMY

<p class = "canvas canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Existing housing sales fell more than expected in March to a seasonally adjusted interest rate of 5.21 million, according to National Association of Realtors (NAR). Consensus expectations were for a seasonally adjusted pace of 5.3 million for the month. The headline reading was down 4.9% from February's downward pace of 5.48 million, which in turn had been a more than 11% increase from the previous month. "Data-React =" 46 "> Existing housing sales fell more than expected in March at a seasonally-adjusted rate of 5.21 million, according to the National Association of Realtors (NAR). The consensus expectations were for a seasonally-adjusted pace of 5.3 million for the month. The headline reading was down 4.9% from February's downward pace of 5.48 million, which in turn was a more than 11% increase from the previous month.

"It is not surprising to see a haven after a sharp increase in sales in the previous month, Lawrence Yun, NAR chief economist, said in a statement. "However, today's sales activity is underperforming the strength of the job markets. The effect of lower mortgage rates has not yet been fully realized."

<p class = "lerret-tekstil-tekstil Mb (1.0em) Mb (0) – sm Mt (0.8em) – Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck "data-reactid =" 49 "> Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = LinkedIn



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