Check the background of this financial professional on FINRA's BrokerCheck.
300 Tenth Street | Huntington, WV 25701 | 800-401-1667 | Map/Directions
Huntington



300 Tenth Street
Huntington, WV 25701

800-401-1667

Gregory R. Ferguson, CWA®
Vice President
Branch Manager
304/529-6500
GFerguson@hilliard.com

Welcome to Hilliard Lyons

When you partner with Hilliard Lyons, you have the comfort of knowing that your Financial Consultant will guide you toward a portfolio appropriate for you. The experience of your Hilliard Lyons Financial Consultant will keep you focused on long-term goals, regardless of which way the market is moving at the moment.

Hilliard Lyons' Financial Consultants do not take a packaged approach to investing. They are committed to finding the most appropriate investments for you. Toward this end, we encourage you to ask questions of our Financial Consultants and to field questions from them. They are trained to raise issues that may not be obvious on the surface. We invite you to call or email us today to find out how we can help you accomplish your financial objectives.

Daily Market Comment

Daily Market Recap -


Updated Each Business Day at Approximately 4:30 pm ET.



US stock markets endured a volatile session Thursday as investors considered a delay on a health-care bill vote from the US House of Representatives. Downside was partially offset by strength in the financial sector. Ford Motor Co. shares declined nearly 1 percent after the automaker cautioned profits this year are anticipated to be lower, forecast to come in at approximately $9 billion in 2017, compared to 2016's $10.4 billion, as a result of investments in new initiatives. Discount retailer Five Below Inc. beat street expectations, reporting fiscal Q4 earnings of $49.8 million versus $42 million in the prior year period. The company is also planning 100 new store openings this year, and shares rose almost 11 percent in today's trading.

The Dow Jones Industrial Average lost 4.72 points at 20656.58, the S&P 500 gave up 2.49 points at 2345.96, and the NASDAQ fell 3.95 points to 5817.69. The Dow Jones Utility Index shed 1.87 points at 702.75, while the Dow Transports dropped 51.04 points at 8936.15. Russell 2000 small caps ended the session at 1353.19, up 7.58 points. 804 million and 433 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers outpaced decliners on the NYSE 9 to 5 and on the NASDAQ nearly 2 to 1.

The US dollar struggled again versus the pound and the yen on concerns about the House's delayed health-care legislation. The ICE Dollar Index rose a modicum to 99.75. Gold for April delivery lost a little ground, giving up 0.2 percent and settling at $1247.20 per ounce. Worries regarding an overabundance of supplies at the global level kept oil prices in the red again Thursday. May WTI crude settled at $47.70 per barrel, off 0.7 percent. Recent Treasury yields: 1.3 percent for the 2-year note, 1.9 percent for the 5-year note, 2.4 percent for the 10-year note, and 3.0 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

US stock markets struggled to gain traction on Wednesday, lead by weakness in the Financial and Energy sectors. Nike shares lost 7 percent after the company gave a lukewarm sales forecast, citing stronger competition. The sportswear maker reported fiscal Q3 EPS of $0.68, or $1.14 billion, compared to $0.55 or $950 million in the prior year period, on revenue of $8.43 billion, which fell just shy of street expectations. Shares of Sears Holdings Corp. were down 12 percent after the retailer expressed worries regarding its ability to continue if a turnaround plan was not successful. The National Association of Realtors reported February's existing-home sales fell 3.7 percent from January. Versus February 2016, inventories were down 6.4 percent and median home prices were up 7.7 percent.

The Dow Jones Industrial Average fell 6.71 points at 20661.30, while the S&P 500 added 4.43 points to 2348.45 and NASDAQ gained 27.82 points at 5821.64. The Dow Jones Utility Index rose 3.46 points to 704.62, and the Dow Transports jumped 56.53 points to 8987.19. Russell 2000 small caps ended the session at 1345.09, down 1.43 points. 898 million and 467 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers bested decliners on the NYSE 15 to 13, while on the NASDAQ decliners outpaced advancers 17 to 12.

The US dollar was shaky again Wednesday, particularly versus the yen, with the ICE Dollar Index down 0.2 percent. Gold for April delivery, alternately, rose 0.3 percent, settling at $1249.70 per ounce. For the week ended March 17th crude supplies were shown to have risen to 533.1 million barrels, a record, but the same data from the US Energy Information Administration also showed inventories of gasoline were lower by 2.8 million barrels. May WTI crude settled at $48.17 per barrel, down $0.07. Recent Treasury yields: 1.3 percent for the 2-year note, 1.9 percent for the 5-year note, 2.4 percent for the 10-year note, and 3.0 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

On Tuesday, US markets saw their sharpest declines since October 11th of last year. Investors seemed more rattled by politics than they generally have been of late. The weakest sector was Financials, with Bank of America off nearly 6 percent and Morgan Stanley and Goldman Sachs each off 4 percent. Apple Inc. shares hit a record high intraday on news of the company's latest forthcoming iPhone and iPad products, but closed down $1.62 at $139.84. General Mills declined $0.49 to $59.76 after reporting fiscal Q3 EPS of $0.61, or $357.8 million, versus $0.59 or $361.7 million in the year-ago period, on revenue of $3.79 billion, a 5.2 decline that just missed street estimates.

The Dow Jones Industrial Average slumped 1.1 percent to 20668.01. The S&P 500 was down 1.2 percent at 2344.02, and the NASDAQ shed 1.8 percent at 5793.83. The Dow Jones Utility Index rose 9.47 points to 701.16, while the Dow Transports gave up 170.38 points at 8930.66. Russell 2000 small caps ended the session at 1347.90, lower by 36.18 points. 1 billion and 559 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Decliners outpaced advancers on both the NYSE and NASDAQ roughly 4 to 1.

Dollar's continuing weakness compared to the euro helped send the ICE Dollar Index down 0.7 percent to 99.726. Gold futures subsequently strengthened, with gold for April delivery up 1 percent, settling at $1246.60 per ounce. Contract expirations added to volatility in oil futures Tuesday. April WTI crude was off 1.8 percent, settling at $47.34 per barrel, the lowest price since November. May WTI crude fell 1.4 percent to $48.24 per barrel. Recent Treasury yields: 1.3 percent for the 2-year note, 2.0 percent for the 5-year note, 2.4 percent for the 10-year note, and 3.0 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

Investors seemed cautious Monday, and US markets fought to achieve gains for the session. Higher oil prices sent energy stocks lower. Walt Disney Corp. shares benefitted by nearly 1 percent from a successful opening weekend for the live-action version of ''Beauty and the Beast.'' Caterpillar was higher by 2.7 percent after reporting hopeful machine retail sales in February. During a Fox Business interview the president of Chicago Federal Reserve, Charles Evans, commented that three fed funds rate hikes in 2017 seemed reasonable to him, should the economy continue to improve.

The Dow Jones Industrial Average fell 8.76 points to 20905.86, the S&P 500 gave up 4.78 points at 2373.47, and the NASDAQ added less than a point at 5901.53. The Dow Jones Utility Index shed 4.95 points at 691.69, while the Dow Transports sank 44.46 points at 9101.04. Russell 2000 small caps ended the session at 1383.83, down 7.68 points. 751 million and 422 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Decliners bested advancers on the NYSE 4 to 3, and 2 to 3 on the NASDAQ.

The ICE Dollar Index rose a scant 0.1 percent Monday, and was shakier versus the euro. That weakness helped gold for April delivery settle at $1234 per ounce, up $3.80. April WTI crude finished at $48.22 per barrel, down $0.56, on worries regarding an increase last week in active US oil rigs from 617 to 631. Recent Treasury yields: 1.3 percent for the 2-year note, 2.0 percent for the 5-year note, 2.5 percent for the 10-year note, and 3.1 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

US markets ended the week and a reasonably quiet session on a mixed note Friday. In economic news: The Federal Reserve said February's industrial production was flat, stifled by higher than normal temperatures. Expectations had been for output to climb 0.3 percent in the month. The University of Michigan announced a preliminary reading of 97.6 for consumer sentiment in March, compared to economist expectations of 98. A majority of leading indicators saw gains in February, according to the Conference Board; their leading economic index added 0.6 for the month and is now at its highest point in over 10 years. Shares of Tiffany & Co. and Adobe Systems rose 2.7 and 3.8 percent, respectively, after each company reported quarterly results that beat street expectations.

The Dow Jones Industrial Average lost 19.93 points to 20914.62, and was up 0.1 percent for the week. The S&P 500 added 0.2 percent for the week but fell 3.13 points to 2378.25 for the day. The NASDAQ added less than a point to 5901, gaining 0.7 percent for the week. The Dow Jones Utility Index rose 3.63 points at 696.64, while the Dow Transports shed 35.59 points at 9145.50. The Russell 2000 small caps ended the session at 1392.52, up 6.49 points. 2.3 billion and 1.3 billion shares were traded on the New York Stock Exchange and NASDAQ, respectively. Volumes were higher today due to quadruple witching, or expiring stock and stock-index related futures and options. Advancers outpaced decliners on both the NYSE and NASDAQ roughly 17 to 11.

For the week the ICE Dollar Index fell 1.1 percent. The weaker dollar helped bolster oil futures slightly, with April WTI crude settling at $48.78 per barrel, up $0.03. Oil prices were around 0.6 percent higher for the week. Gold futures were also positively impacted by the dollar's decline. Gold for April delivery settled at $1230.20 per ounce, up $3.10. For the week gold was higher by nearly 2.5 percent. Recent Treasury yields: 1.3 percent for the 2-year note, 2.0 percent for the 5-year note, 2.5 percent for the 10-year note, and 3.1 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --
Tell A Friend Tell A Friend
 
 
 Securities and Advisory Services offered by J. J. B. Hilliard, W.L. Lyons, LLC, A Registered Broker Dealer and Investment Advisor, Member NYSE / FINRA / SIPC. Trust Services are offered through Hilliard Lyons Trust Company, LLC, an affiliate of J. J. B. Hilliard, W.L. Lyons, LLC. Hilliard Lyons does not offer legal, accounting or tax advice. You should consult your own tax or legal counsel prior to making any decision that may affect your tax or legal situation. To understand how Hilliard Lyons is compensated for its services, please click here.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

Third Party Web Sites – We may link to or provide access to other web sites or services from other companies or organizations. You agree that we are not responsible for, and do not control those web sites or services.
 


Check the background of this financial professional on FINRA's BrokerCheck.