Yields continue to move higher as markets adjust to the potential for a Trump Presidency next week, and it is making the stocks pause. The futures are currently implying:
Dow industrial average, -188 points S&P index, -12.0 pointNASDAQ index, -6.25 points
Looking at the US yield curve:
2 year yield 4.170%, +3.0 basis points5-year yield 4.163%, +4.9 basis points10 year yield 4.328%, +5.0 basis points30 year yield 4.569%, +3.9 basis points
a snapshot of the earnings this morning showed:
Sysco Corp (SYY) Q1 2025: EPS 1.09 (exp. 1.13) – Missed, Revenue 20.48bn (exp. 20.47bn) – MetCorning Inc (GLW) Q3 2024: EPS 0.54 (exp. 0.52) – Beat, Revenue 3.73bn (exp. 3.72bn) – BeatPayPal Holdings Inc (PYPL) Q3 2024: EPS 1.20 (exp. 1.07) – Beat, Revenue 7.85bn (exp. 7.88bn) – MetNokian Tyres (TYRES FH) Q3: EPS -0.03 (exp. -0.08) – Beat, Revenue 313mn (exp. 337mn) – MissedPhillips 66 (PSX) Q3 2024: EPS 2.04 (exp. 1.68) – Beat, Revenue 34.44bn (exp. N/A)SoFi (SOFI) Q3 2024: EPS 0.06 (exp. 0.04) – Beat, Revenue 0.68bn (exp. 0.68bn) – MetJetBlue Airways Corp (JBLU) Q3 2024: EPS -0.16 (exp. -0.26) – Beat, Revenue 2.36bn (exp. 2.34bn) – BeatMcDonald’s Corp (MCD) Q3 2024: EPS 3.23 (exp. 3.20) – Beat, Revenue 6.87bn (exp. 6.82bn) – BeatPfizer Inc (PFE) Q3 2024: EPS 1.06 (exp. 0.62) – Beat, Revenue 17.7bn (exp. 14.95bn) – BeatRoyal Caribbean Cruises Ltd (RCL) Q3 2024: EPS 4.20 (exp. 5.03) – Missed, Revenue 4.9bn (exp. 4.9bn) – Met
Looking ahead, the good stuff starts to show up after the close with AMD, Alphabet, Chipotle all releasing. Tomorrow, Microsoft and Meta report and on Thursday Amazon and Apple report.
Below is the schedule of releases for the rest of the week
After Close today:
AMDAlphabetSnap Inc.ChipotleVisaFirst Solar
WednesdayBefore Open:
LillyCaterpillarHumana
After Close:
MicrosoftMetaCoinbaseRobinhood
ThursdayBefore Open:
UberPelotonMerckConocoPhillipsSiriusXMAltriaMastercard
After Close:
AmazonAppleIntel
FridayBefore Open:
FuboTVChevronExxonMobilWayfair
This article was written by Greg Michalowski at www.forexlive.com.
