Stock Watch: Earnings Momentum Faces Higher Rates
Analysts expect 4,388 U.S. firms to report firmer second quarter profits though year over year gains may be dampened by higher interest rates and a weaker dollar. IBES forecasts show S&P 500 profits rising about 11.7 percent, with gains broad across autos, tech, and metals, while some sectors lag.
MENTIONED IN THIS ARTICLE
Richard Pucci
Ibes Inc
Pucci
U.S
John Shaughnessy
Advest Inc
Shaughnessy
IBES
Standard & Poor
Ed Keon
Keen
Eugene Peroni
Janney
Montgomery Scott
Philadelphia
Lawrence Helfand
Rodman & Renshaw Inc
Helfand
Fed Holds Rates Amid Uncertain Path Forward
Washington AP report says the Federal Reserve kept rates unchanged adding no resolution to the looming cliffhanger. Analysts foresee mixed bets with some expecting steady policy through year end while others predict a possible tightening as soon as Friday as the economy shows signs of slowing.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Fed considered policy move before Aug 16 meeting
Analysts weigh whether the Fed will have Alan Greenspan raise rates prior to the August 16 meeting if the economy heats up. The FOMC issued a terse statement saying no rate change now, focusing on domestic data over the dollar amid a weak dollar and year‑low exchange values.
MENTIONED IN THIS ARTICLE
Fed
Open Market Committee
Federal Reserve
Alan Greenspan
U.S
David Jones
Aubrey G. Lanston & Co
FOMC
Evans
Stocks of Local Interest Market Update
Local stocks update notes dialing number 865 5000 then enters local stock 9100 and market update 6730. Readers are reminded to watch for the complete market wrapup in Saturday Journal World.
MENTIONED IN THIS ARTICLE
Journal-World
Midland Elevator Commodity Prices and Markets Report
Local market prices show Wheat at 3.20, Corn 2.26, Milo 3.66, Soybeans 6.05 per bushel. Omaha market reports hogs 1100 pounds with varying weights and prices. cattle and calves and sheep not tested. Kansas City and other regions note mixed slaughter, light sales, hot humid weather impacting gains, and solid demand moderation. Nonferrous metals list prices across aluminum copper lead zinc tin and precious metals with daily quotes from NY and London exchanges. Rates are from Commerce Bank of Kansas City as of 8 am today.
MENTIONED IN THIS ARTICLE
Midland Elevator
New York
London
U.S
N.a
KU business professor to direct reorganized research institute
Charles E. Krider, KU business professor, named director of the Institute For Public Policy and Business Research IPPBR at Kansas University. The institute focuses on economic modeling for Kansas, supports KU business and economics grant activity, and continues publishing the Kansas Business Review and related works.
MENTIONED IN THIS ARTICLE
Charles E. Krider
Institute For Public Policy
Kansas University
IPPBR
Kansas
Krider
Andrew P. Debicki
IPPER
School of Business
Economics
Kansas Business Review
Kansas Statistical Abstract
Mohamed A. el Hadiri
Anthony Redwood
Kansas Center For Kansas Community Development
University of Chicago
Mercantile to merge Illinois Wedge Bank operations
Mercantile Bancorporation plans a stock for stock acquisition of Wedge Bank based in Alton Illinois to integrate its six offices and 210 million in assets. The deal requires regulatory and shareholder approvals. June vehicle sales rose 7.3 percent driven by vans pickups and SUVs with light trucks up about 11 percent for the month and 15 percent for the first half versus 1993.
MENTIONED IN THIS ARTICLE
Mercantile Bancorporation Inc
Mercantile Bank of Lawrence
St. Louis
AlliedSignal completes layoffs at KC factory
AlliedSignal Aerospace completes layoff notices for 825 workers at Kansas City plant, with about two thirds salaried. The DOE and AlliedSignal will begin contract extension talks to keep the facility operating. Final involuntary furlough count reaches 294, leaving 3,275 employed.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
AlliedSignal Aerospace Co
U.S. Department of Energy
Floyd Walker
AlliedSignal
Energy Department
Kansas City
Allied Signal
Lawrence
Kan
Paola
Ottawa
Also Mentioned on This Page
Michael Evans
Evans Economics Inc
David Wyss
DRI McGraw-Hill
Federal Open Market Committee
Allied Sig
Applebee’s
O'Reilly Autoseenee
Buckle Inc
JC Penney
Casey's Reaeeees
Pepsico Senas
CommBancsh
Und
Sone
Dayton-Huderes
Fleming
Sallie Mae
FMC
Omaha Livestock Omaha, Neb
Usda
Omaha
St. Joseph Livestock
St. Josefh
Dodge City Livestock
Conoee Crrv
Handy & Harman
Comex
Mercury
N.Y
Commerce Bank of
Commerce Bank
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
Lynch
Lowa St
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