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By Staff Reporters
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The sun and the moon don’t typically run in the same circles but, for a fleeting moment today, they’ll participate in a rare joint appearance: the annular solar eclipse. That’s when the moon lines up directly between the Earth and the sun, blacking out all of the star except the outer rim, forming a “ring of fire.” So, provided the skies are clear, people in the Western US will be able to see the full ring of fire, while the further east you go, the more “partial” the eclipse becomes. Wherever you live, experts warn that you shouldn’t look directly at the eclipse without eye protection.
LINK: NASA’s eclipse map
The following companies had stock price moves driven by quarterly earnings, analyst ratings, or other news:
- BlackRock (BLK) fell 1.3% after the world’s largest money manager posted third-quarter revenue that fell short of expectations.
- Boeing (BA) fell 3.3% following reports the aerospace company had widened the scope of an investigation into potential defects in its 737 MAX 8 aircraft.
- Citigroup was about 0.2% lower despite reporting stronger-than-expected earnings per share and revenue.
- Dollar General (DG) rose 9.2% after a Gordon Haskett analyst upgraded the stock to “buy” from “hold” after the company announced that former CEO Todd Vasos would be returning immediately.
- JPMorgan rose 1.5% after country’s biggest bank reported better-than-expected quarterly earnings and revenue, helped by favorable net-interest income, or the money it made lending minus what it paid to customers.
- PNC Financial Services Group (PNC) fell 2.6% after reporting mixed third-quarter results, as earnings per share topped expectations but revenue missed.
- Post Holdings (POST) rose 2.6% after JPMorgan initiated coverage of the St. Louis-based breakfast cereal maker with an overweight rating, citing strong cash flow.
- Progressive Corp. (PGR) gained 8.1% after the insurance company reported better-than-expected quarterly results.
- UnitedHealth Group (UNH) rose 2.6%, leading Dow gainers, after quarterly earnings and revenue exceeded expectations.
- Wells Fargo was up 2.8% after reporting stronger-than-expected quarterly revenue and higher earnings.
More large banks are due to report next week, with Bank of America (BAC) and Goldman Sachs (GS) expected to report results Tuesday and Morgan Stanley (MS) on tap Wednesday.
Netflix (NFLX) and Tesla (TSLA) are among the other notable companies on the calendar. Netflix shares have been slipping since early September, touching a five-month low Friday, but are still up 20% so far this year. Abbott Labs (ABT), American Airlines (AAL), CSX (CSX), Johnson & Johnson (JNJ), Union Pacific (UNP), and United Airlines (UAL) will also be reporting.
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Filed under: Breaking News, Investing | Tagged: corporate earnings, earning report, solar eclipse, stock price, stock price movements | Leave a comment »
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