From The Trading Floor; Equities are trading in measured to positive territory this morning as earnings from P&G, Ford and UPS bump up against the miss from Amazon and the fearful effects of an Ebola case in New York City
- New Home Sales for September were little changed after the prior month was revised down showing an uneven recovery in the housing market. Sales rose 0.2% to 467,000 annualized pace
Procter & Gamble reports Q1 core EPS $1.07, consensus $1.07. Reports Q revenue $20.79B, consensus $20.83B. Organic sales grew 2% for the quarter. Plans for Duracell exit.
Ford reports Q3 adjusted EPS 24c, consensus 19c. Reports Q3 revenue $34.9B, consensus $33.11B
UPS reports Q3 EPS $1.32, consensus $1.29. Reports Q3 revenue $14.29B, consensus $14.2B
Ebola fears back in play after Dr. Craig Spencer, who worked in West Africa with Ebola patients, tested positive on Thursday. Marks fourth case of Ebola diagnosed in US. and the first in New York City
Thirty-one banks are set to participate in the Fed's 2015 stress tests, which will see how they can withstand pressures such as a spike in oil prices, a rise in the U.S. unemployment rate or an increase in risky corporate loans. The capital plans are due in January.
Lockheed Martin and U.S. defense officials have reached agreement on the terms of a contract worth about $4B for an eighth batch of 43 Lockheed F-35 fighter jets
AMC Networks has acquired a 49.9% stake in BBC America with an investment of $200M. Under the deal, AMC Networks will have operational control of BBC America, including affiliate and advertising sales, and the network will be operated as a stand-alone channel within AMC's portfolio. BBC Worldwide will retain a 50.1% stake in BBC America.
Resistance is at 1964 / 1967 with support at 1933 / 1936
