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Schaeffer's Opening View

Boeing suffered a major loss of $5.82 per share, while Caterpillar also reported an earnings miss

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7/24/2019

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Dow Futures Sink on Caterpillar Earnings

By Lillian Currens

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A disappointing day for blue chips in the earnings arena has Dow Jones Industrial Average (DJI) futures reversing course, signaling a roughly 100-point loss this morning. Trade-sensitive stocks Caterpillar (CAT) and Boeing (BA) are in the spotlight after CAT posted a second-quarter earnings and revenue miss, and the aerospace giant unveiled a huge quarterly loss of nearly $3 billion. Elsewhere, FAANG stocks Amazon (AMZN), Alphabet (GOOGL), Apple (AAPL), and Facebook (FB) are under scrutiny after the U.S. Department of Justice (DOJ) announced it was launching a broad antitrust review of big tech companies.

Continue reading for more on today's market, including: 

  • Pay attention to a 25-year peak in the gold/silver ratio, says Senior Quantitative Analyst Rocky White.
  • Behind Coca-Cola's market-moving earnings report.
  • Why options traders swarmed 2 China stocks
  • Plus, iRobot slashes guidance on trade-war woes, and SNAP stock surges after earnings. 
>> Continue reading...
LATEST HEADLINES

>> Caterpillar Stock Set for Another Post-Earnings Drop
The construction giant cited slowing Chinese sales for its earnings miss
>> Extreme Gold/Silver Ratio Sends Mixed Signals for Precious Metals
Gold hasn't been this expensive, in silver terms, in a quarter-century
>> Stocks End Higher on Earnings, U.S.-China Trade Buzz
U.S. and China trade negotiators are expected to meet in person next week
>> Bank's Outlook Sparks Nosedive For Stock
A regional bank gave a dreary outlook for an important figure
>> Options Traders Bet on Another Big Earnings Move for Snap Stock
The social media stock is expected to report second-quarter earnings after the close today
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