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U. S. Equity Futures U. S. stocks fell in today’s previous market following tensions between the U. S. and Canada. Market participants will also be keeping an eye on the results of the 2022 quarter, as 270 corporations are expected to reach their quarterly figures.
The speaker of the U. S. House of Representatives is expected to be a spate. U. S. Secretary of State Nancy Pelosi arrive in Taiwan today and spend the night there. China has expressed strong reservations against Pelosi to Taiwan.
The Chinese government says Taiwan is part of its territorial integrity, while the U. S. government says Taiwan is part of its territorial integrity. The U. S. government has responded that the Biden administration will bow to the Chinese threat. Reuters reported that Chinese fighter jets flew and warships remained close to the line separating the Taiwan Strait.
Pelosi would be the first Speaker of the House to call in Taiwan since Newt Gingrich in 1997. After the geopolitical conflict between the U. S. In the US and China, the yield on the US Treasury bond is not very much a bit of the U. S. Treasury bond. The benchmark 10-year U. S. fell about 2. 54%, as investors opted for safe-haven government bonds. .
On the M&A front, TD Toronto-Dominion Bank of Canada made the decision to acquire U. S. investment bank Cowen Inc. COWN in a $1. 3 billion money transaction. . The acquisition of Cowen is an effort through Toronto-Dominion Bank to expand into the high-growth U. S. market.
A plethora of corporations will produce their effects today. The oil refining and marketing bigwig Marathon Petroleum Corp. MPC posted quarterly earnings of $10. 61 consistent with stocks, beating Zacks’ consensus estimate of $9. 17 consistent with stocks.
Caterpillar Inc. CAT reported quarterly earnings of $3. 18 per share, beating Zacks’ consensus estimate of $3 per share. The heavy machinery maker posted profits of $14. 25 billion, below Zacks’ consensus estimate of 0. 34 percent. Freight and freight costs were partially offset through consistency with costs and higher sales.
The MAR of quarterly profits from global luxury hotel chain giant Marriott International Inc. of $1. 80 consistent with the consistent percentage exceeded Zacks’ consensus estimate of $1. 59 consistent with the consistent percentage. consensus estimate of 7. 41%.
Leading electronics maker Eaton Corporation plc ETN posted quarterly earnings of $1. 87 per share, beating Zacks’ consensus estimate of $1. 82 per share. The company posted a profit of $5210 million, below Zacks’ consensus estimate of 0. 29%.
The smartest companies to report after today’s latest bell are food store Starbucks Corp. SBUX, microchip developer Advanced Micro Devices Inc. AMD, online payment platform PayPal Holdings Inc. PYPL and crude oil maker Occidental Petroleum Corp. Oxy.
Want the latest recommendations from Zacks Investment Research?Today you can download 7 movements for the next 30 days. Click for this separate report from Advanced Micro Devices, Inc. (AMD): Caterpillar Inc. Free Inventory Analysis Report (CAT): Marriott International, Inc. Free Inventory Analysis Report (MAR): Starbucks Corporation (SBUX) Free Inventory Analysis Report: Eaton Corporation, PLC (ETN) Free Inventory Analysis Report: Free Inventory Analysis Report Occidental Petroleum Corporation (OXY): Free Inventory Analysis Report Toronto Dominion Bank The (TD): Marathon Petroleum Corporation (MPC) Free Inventory Analysis Report: Cowen Group, Inc. Free Inventory Analysis Report (COWN): Free Inventory Analysis Report PayPal Holdings, Inc. (PYPL): Free Inventory Analysis Report Read this article in Zacks. com, click here. Zacks Investment Research