After-hours: Intel, Yahoo, CSX & More
Intel – The chip maker reported first-quarter earnings per share of 38 cents on revenue of $12.76 billion, versus estimates of EPS of 37 cents on $12.81 billion in sales. Intel projected second-quarter revenue of $13 billion, plus or minus $500 million. Analysts expected revenue of $12.96 billion. Its shares gained in after-hours trade.
Yahoo – The search engine reported first-quarter earnings per share of 38 cents, excluding items, on $1.09 billion in sales, compared to estimates of EPS of 37 cents, excluding items, on $1.08 billion in sales. Shares jumped in after-hours trade.
Google – Shares of the Yahoo competitor also rose in after-hours trade, a day before it is expected to report earnings of $639 a share on revenue of $15.52 billion.
CSX – The railroad posted first-quarter earnings per share of 40 cents on $3.01 billion in revenue, versus expectations of EPS of 37 cents on sales of $2.99 billion. Its shares climbed in after-hours trade.
Interactive Brokers Group – The company tallied first quarter earnings per share of 35 cents on $354.9 million in revenue, topping estimates. Its shares rose in after-hours trading.
Wintrust Financial – The regional bank reported first-quarter earnings per share of 68 cents, beating estimates. Its shares were unchanged in after-hours trade.
Stocks rebound after big swings in both directions
Stocks gain for 2nd day in row after Ukraine fears ease
SAN FRANCISCO (MarketWatch) — U.S. stocks closed higher Tuesday following a choppy session, bouncing back from a sizable drop that came after reports of fighting on the ground in Ukraine.
The main indexes advanced for a second straight day and finished a little under their morning highs, which came as blue chips Coca-Cola Co. and Johnson & Johnson Inc. boosted sentiment with upbeat earnings reports.
The S&P 500 (SNC:SPX) rose 12.37, or 0.7%, to end at 1842.98, with energy and utilities faring best among the index’s 10 sectors. The benchmark pared its year-to-date loss to 0.3%.
The Dow Jones Industrial Average (DJI:DJIA) gained 89.32, or 0.6%, to close at 16,262.56. The blue-chip index had been down by as much as 110 points at midday, and it also was up by 99.71 points at its session peak, according to FactSet data.
The Nasdaq Composite (NASDAQ:COMP) tacked on 11.47, or 0.3%, to finish at 4,034.16. Earlier, the Nasdaq fell to an intraday low of 3,946.03, about 12 points shy of being down 10% from its recent intraday high on March 6 — in other words, correction territory. http://www.marketwatch.com/story/us-stocks-gain-as-coke-jj-jump-after-earnings-2014-04-15?dist=afterbell
Nasdaq rides biggest trading rollercoaster in five years
Whipped by volatile internet and biotech stocks, the Nasdaq staged a more than 2 percent rally back from the brink of correction territory Tuesday in the biggest one day turnaround in five years.
At its lowest point Tuesday, the Nasdaq was off 9.7 percent from its March intraday high of 4371 – close to the 10 percent threshold that some traders say marks an official correction. But the market bounced back, and Nasdaq ended the day with an 11 point gain at 4034, about 7.7 percent below its March 6 high.
Some of the very stocks that helped push the Nasdaq to fresh 14-year highs by early March were slammed in early trading Tuesday, adding to losses of more than 20 or 30 percent from their highs. The poster child for momentum—the iShares Nasdaq Biotechnology ETF IBB—was down as much as 24 percent from its Feb. 25 high Tuesday but closed in positive territory.
Social media and internet names were also down sharply, with Facebook and Amazon.com both off more than 20 percent from the March high. But Facebook, Amazon.com and others closed higher on the day. http://www.cnbc.com/id/101585442
Gold futures drop just over 2% by the close
SAN FRANCISCO (MarketWatch) — Gold futures dropped more than 2% on Tuesday, giving back the previous day’s gains and then some amid overall strength in the U.S. dollar. Reports of escalating tensions in Ukraine failed to drum up any safe-haven support for the metal. “The supply/demand equation is the primary driver with the ancillary issue being the dollar,” said Adam Koos, president of Libertas Wealth Management. “I think investors are ‘bored’ with the Ukraine. It’ll probably take more ruthless news to see a significant reaction that would result in a flee to gold for safety.” June gold (CNS:GCM4) fell $27.20, or 2.1%, to settle at $1,300.30 an ounce on Comex after climbing 0.6% on Monday.
Coca-Cola, Intel, Yahoo are Tuesday’s stocks to watch: http://huntforthenext10bagger.com/stockearnings
Gold slides as strong dollar, U.S. retail sales weigh
Other metals decline as well; silver falls 0.9%
LONDON (MarketWatch) — Reversing yesterday’s gains, gold prices moved sharply lower on Tuesday as investors reconsidered the solid U.S. retail sales for March and a stronger U.S. dollar made dollar-denominated commodities less attractive for investors.
Gold for June delivery (CNS:GCM4) dropped $16.40, or 1.2%, to $1,311.30 an ounce, erasing a $8.50 gain from Monday. http://www.marketwatch.com/story/gold-slides-as-strong-dollar-us-retail-sales-weigh-2014-04-15
Stock futures waver ahead of inflation, earnings
Coca-Cola to report with Keurig partnership in view
LONDON (MarketWatch) — U.S. stock futures struggled for direction on Tuesday ahead of an eventful trading day, with inflation data, several Federal Reserve speakers and a raft of prominent earnings poised to keep investors busy.
Futures for the Dow Jones Industrial Average (CBE:DJM4) slipped 7 points, or less than 0.1%, to 16,090, while those for the S&P 500 index (GLC:SPM4) rose 0.60 point to 1,825.10. Futures for the Nasdaq 100 index (GLC:NDM4) were up 2.50 points, or 0.1%, at 3,472.75.
The muted moves came after stocks ended with broad gains on Monday, when an unexpectedly strong rise in March retail sales and consensus-beating results from Citigroup Inc. (NYSE:C) lifted the trading mood.
More earnings are on tap for Tuesday. Ahead of the open, Coca-Cola Co. (NYSE:KO) is projected to report first-quarter earnings of 44 cents a share, according to a consensus survey by FactSet. Investors are likely to focus on details of Coca-Cola’s new partnership with Keurig Green Mountain Inc. (NASDAQ:GMCR) . http://www.marketwatch.com/story/stock-futures-waver-ahead-of-inflation-earnings-2014-04-15