3.2 Million Jobless Claims

Another Thursday and another jobless claims report. This week, 3.169 million Americans filed for jobless claims. This is the fifth-straight decline. Still, the seven-week running total is now 33.5 million.

Tomorrow we’ll get the official jobs report from the Department of Labor. I have no idea what it will be, but it will be bad.

The stock market is doing well this morning, and the Nasdaq is now positive for the year.

Ansys (ANSS) and Danaher (DHR) are down a bit today after their earnings reports yesterday afternoon. Danaher is planning a $2.5 billion stock offering.

We had two earnings reports this morning. Middleby (MIDD) said it made $1.46 per share which was ten cents better than expectations. The stock is up about 3% today. This stock has gotten beaten up far more than it deserves.

Becton, Dickinson (BDX) made $2.55 per share. That was 19 cents better than expectations. The stock is up a small bit.

Posted by on May 7th, 2020 at 12:09 pm


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