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The Zacks Analyst Blog Highlights: Goldman, JPMorgan, Caterpillar, 3M and Microsoft
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For Immediate Release
Chicago, IL –October 26, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Goldman Sachs Group, Inc. (GS - Free Report) , JPMorgan Chase & Co. (JPM - Free Report) , Caterpillar, Inc. (CAT - Free Report) , 3M Company (MMM - Free Report) and Microsoft Corporation (MSFT - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Dow 30 Stock Roundup
The index suffered declines on most days of the week, weighed down by multiple concerns. Geopolitical tensions and concerns over a spike in rates weighed on investor sentiment. This led a major plunge on Wednesday, which erased the Dow’s gains for the year. However, the index bounced back in the very next session.
The DowThisWeek
The Dow slid 0.5% on Monday as worries about a deluge of earnings made investors feel shaky. Also, growing geopolitical tensions and concerns of slowing global growth coupled with a decline in shares of major banks dented investors’ confidence.
Shares of banks fell primarily because of growing worries of higher mortgage rates, which could cap loan growth. Shares of The Goldman Sachs Group, Inc. and JPMorgan Chase & Co. lost 2.4% and 1.4%, respectively.
The index declined 0.5% on Tuesday after declining more than 500 points at point during the trading session. Dismal guidance from Caterpillar, Inc. and 3M Company dented investor sentiment. Shares of Caterpillar and 3M plummeted 7.6% and 4.4%, respectively.
The index plummeted 2.4% on Wednesday, erasing all of its gains for 2018. Wednesday’s decline was led by a sharp decline in tech stocks, with chipmakers offering disappointing forecasts, coupled with worries about corporate earnings and concerns over global economic growth. Weak home sales data added to the worries.
The index gained 1% on Thursday, snapping its three-day losing streak. The rebound was led by a rally in tech stocks following upbeat quarterly results from Microsoft Corporation. Shares of Microsoft jumped 5.8%. Shares of Caterpillar gained 2.9%
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Goldman, JPMorgan, Caterpillar, 3M and Microsoft
For Immediate Release
Chicago, IL –October 26, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Goldman Sachs Group, Inc. (GS - Free Report) , JPMorgan Chase & Co. (JPM - Free Report) , Caterpillar, Inc. (CAT - Free Report) , 3M Company (MMM - Free Report) and Microsoft Corporation (MSFT - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Dow 30 Stock Roundup
The index suffered declines on most days of the week, weighed down by multiple concerns. Geopolitical tensions and concerns over a spike in rates weighed on investor sentiment. This led a major plunge on Wednesday, which erased the Dow’s gains for the year. However, the index bounced back in the very next session.
The Dow This Week
The Dow slid 0.5% on Monday as worries about a deluge of earnings made investors feel shaky. Also, growing geopolitical tensions and concerns of slowing global growth coupled with a decline in shares of major banks dented investors’ confidence.
Shares of banks fell primarily because of growing worries of higher mortgage rates, which could cap loan growth. Shares of The Goldman Sachs Group, Inc. and JPMorgan Chase & Co. lost 2.4% and 1.4%, respectively.
The index declined 0.5% on Tuesday after declining more than 500 points at point during the trading session. Dismal guidance from Caterpillar, Inc. and 3M Company dented investor sentiment. Shares of Caterpillar and 3M plummeted 7.6% and 4.4%, respectively.
The index plummeted 2.4% on Wednesday, erasing all of its gains for 2018. Wednesday’s decline was led by a sharp decline in tech stocks, with chipmakers offering disappointing forecasts, coupled with worries about corporate earnings and concerns over global economic growth. Weak home sales data added to the worries.
The index gained 1% on Thursday, snapping its three-day losing streak. The rebound was led by a rally in tech stocks following upbeat quarterly results from Microsoft Corporation. Shares of Microsoft jumped 5.8%. Shares of Caterpillar gained 2.9%
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.