Cardillo’s Corner

July 18, 2018

Stocks rise as Morgan Stanley and CSX surge on earnings

Morgan Stanley shares rose 1.8 percent after the company reported better-than-expected earnings and revenue for the previous quarter. CSX also posted stronger-than-forecast profits and sales, sending […]
July 17, 2018

Netflix drags Wall St lower ahead of Powell’s testimony

By Amy Caren Daniel July 17 (Reuters) – Wall Street dipped on Tuesday as Netflix’s slump due to weak subscriber growth weighed on other high-growth stocks, […]
July 16, 2018

Wall Street, weakened by oil, ends in scattered order

/ New York (State of New York, USA) July 16th 2018, 17:03 Wall Street finished in disarray Monday, as energy companies suffered from falling oil prices […]
July 13, 2018

Tech stocks, industrials lead Wall Street higher

By Amy Caren Daniel July 12 (Reuters) – U.S stocks gained on Thursday, led by marquee technology stocks hitting record highs and a rebound in industrial […]
July 12, 2018

At midday: TSX rises as gains in financials soften trade war worries; Hydro One sinks

Canada’s main stock index rose on Thursday as gains in financial stocks downplayed concerns of escalating U.S.-China trade war, which had pushed markets to losses a […]
July 11, 2018

Economist Peter Cardillo about oil markets, implications of US Trade imbalances

Peter Cardillo Chief Market Economist Spartan Capital http://www.spartancapital.com/  Mr. Peter I. Cardillo serves as Chief Market Economist at Spartan Capital Securities LLC. He served as Chief […]
July 10, 2018

At midday: TSX reaches new intraday high as energy stocks jump

Canada’s main stock index rose to a record intraday high on Tuesday, boosted by the energy group, which gained on the back of rising oil prices. […]
July 10, 2018

US stocks rise on higher oil prices and as the dollar gains

New York — The S&P 500 stock index hit a four-month high on Tuesday, boosted by higher oil prices and strong earnings, while the dollar rose […]
July 9, 2018

U.S. stocks rise on earnings optimism; dollar gains

By Hilary Russ NEW YORK (Reuters) – The S&P 500 stock index closed at a more than five-month high on Tuesday, boosted by expectations for strong […]