Rising on the USA part of the market
On Tuesday, July 23, US stocks indexes demonstrated increasing vector.
Apple shares gained by 2.3% to $ 207.22, which had the best dynamic among the Dow Jones Industrial Average components, due to an improvement in the target stock price by Morgan Stanley analyst Katie Huberty from $ 231 to $ 247.
This week, reports for the past quarter is going to release about 140 companies included in the Standard & Poor's 500 indexes, as well as a third of the Dow Jones companies.
Among the companies of the S & P 500, which already informed about the second quarter, 79% outmatched market predictions concerning profits per share, and 63% in terms of revenues, according to RBC Capital Markets.
CFRA Senior Investment Strategist Sam Stovol commented: "Investor optimism is maintained by better than assumed reporting by companies for the second quarter, as well as expectations of descent in the Federal Reserve (Fed) at the end of the month".
Traders stay on the focus of US and Chinese trade negotiations. The South China Morning Post newspaper reported that the US delegation led by sales representative Robert Lighthiser and US Treasury Secretary Stephen Mnuchin would travel to China next week to resume face-to-face talks with the Chinese side.
Halliburton Co. Inched up by 9.2% at the end of trading on Monday. The second-largest oil service corporation in the market wasted its net profit in the second quarter of 2019, but the established figure expectations of experts.
Lennox International securities rate dropped by 5.3% after the manufacturer of heating, ventilation and air conditioning systems announced about decrease profits in the last quarter and worsen the forecast for the current year.
Lennox's net profit scaled down from $ 138 million to $ 111 million. Earnings dropped by 6% to $ 1.1 billion. The company lost its income presupposition for 2019 to $ 11.3-11.9 per share from $ 12-12.6 previously expected per share.
Equifax stock price rose by 0.4%. Previously it became known that the US credit bureau would pay a total of about $ 700 million to settle claims of regulators and customers associated with a significant cybersecurity violation, which resulted in hackers accessing personal data of 145 million people.
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