Canada stocks higher at close of trade; S&P/TSX Composite up 0.22%

Investing.com – Canada stocks were higher after the close on Friday, as gains in the Consumer Staples, Real Estate and REITs sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.22%.

The best performers of the session on the S&P/TSX Composite were Baytex Energy Corp (TO:BTE), which rose 6.03% or 0.17 points to trade at 2.99 at the close. Meanwhile, West Fraser Timber Co. Ltd . (TO:WFT) added 4.91% or 3.13 points to end at 66.85 and Detour Gold Corporation (TO:DGC) was up 3.89% or 0.42 points to 11.22 in late trade.

The worst performers of the session were BRP Inc (TO:DOO), which fell 6.46% or 3.76 points to trade at 54.48 at the close. Aphria Inc (TO:APH) declined 5.91% or 1.150 points to end at 18.300 and Shopify Inc (TO:SHOP) was down 5.68% or 10.000 points to 166.070.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 590 to 521 and 119 ended unchanged.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 1.58% to 16.83.

Gold Futures for December delivery was down 0.03% or 0.40 to $1229.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.98% or 0.67 to hit $69.32 a barrel, while the December Brent oil contract rose 0.86% or 0.68 to trade at $79.97 a barrel.

CAD/USD was down 0.12% to 0.7629, while CAD/EUR fell 0.69% to 0.6626.

The US Dollar Index Futures was down 0.32% at 95.41.

U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.26%

Investing.com – U.S. stocks were mixed after the close on Friday, as gains in the Utilities, Consumer Goods and Telecoms sectors led shares higher while losses in the Healthcare, Oil&Gas and Basic Materials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average rose 0.26%, while the S&P 500 index declined 0.04%, and the NASDAQ Composite index lost 0.48%.

The best performers of the session on the Dow Jones Industrial Average were Procter&Gamble Company (NYSE:PG), which rose 8.80% or 7.06 points to trade at 87.30 at the close. Meanwhile, American Express Company (NYSE:AXP) added 3.78% or 3.89 points to end at 106.73 and Walt Disney Company (NYSE:DIS) was up 2.34% or 2.72 points to 118.90 in late trade.

The worst performers of the session were Caterpillar Inc (NYSE:CAT), which fell 2.68% or 3.62 points to trade at 131.32 at the close. Intel Corporation (NASDAQ:INTC) declined 2.16% or 0.97 points to end at 44.00 and DowDuPont Inc (NYSE:DWDP) was down 1.86% or 1.09 points to 57.49.

The top performers on the S&P 500 were Interpublic Group of Companies Inc (NYSE:IPG) which rose 9.65% to 24.65, PayPal Holdings Inc (NASDAQ:PYPL) which was up 9.42% to settle at 84.78 and Procter&Gamble Company (NYSE:PG) which gained 8.80% to close at 87.30.

The worst performers were Advanced Micro Devices Inc (NASDAQ:AMD) which was down 11.12% to 23.660 in late trade, VF Corporation (NYSE:VFC) which lost 10.71% to settle at 77.76 and Valero Energy Corporation (NYSE:VLO) which was down 10.28% to 92.76 at the close.

The top performers on the NASDAQ Composite were The9 Ltd ADR (NASDAQ:NCTY) which rose 64.56% to 2.600, Future Fintech Group Inc (NASDAQ:FTFT) which was up 35.64% to settle at 1.6277 and Ability Inc (NASDAQ:ABIL) which gained 29.53% to close at 4.02.

The worst performers were Yulong Eco-Materials Ltd (NASDAQ:YECO) which was down 47.23% to 6.200 in late trade, ServiceSource International Inc (NASDAQ:SREV) which lost 46.17% to settle at 1.405 and China Advanced Construction Materials (NASDAQ:CADC) which was down 31.25% to 2.750 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1582 to 1470 and 104 ended unchanged; on the Nasdaq Stock Exchange, 1874 fell and 761 advanced, while 80 ended unchanged.

Shares in Caterpillar Inc (NYSE:CAT) fell to 52-week lows; down 2.68% or 3.62 to 131.32. Shares in Walt Disney Company (NYSE:DIS) rose to 52-week highs; rising 2.34% or 2.72 to 118.90. Shares in DowDuPont Inc (NYSE:DWDP) fell to 52-week lows; falling 1.86% or 1.09 to 57.49. Shares in ServiceSource International Inc (NASDAQ:SREV) fell to all time lows; down 46.17% or 1.205 to 1.405.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.85% to 19.89.

Gold Futures for December delivery was down 0.05% or 0.60 to $1229.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.96% or 0.66 to hit $69.31 a barrel, while the December Brent oil contract rose 0.83% or 0.66 to trade at $79.95 a barrel.

EUR/USD was up 0.52% to 1.1513, while USD/JPY rose 0.27% to 112.50.

The US Dollar Index Futures was down 0.31% at 95.42.

Colombia stocks lower at close of trade; COLCAP down 0.61%

Investing.com – Colombia stocks were lower after the close on Friday, as losses in the Public Services, Investment and Financials sectors led shares lower.

At the close in Colombia, the COLCAP declined 0.61% to hit a new 6-months low.

The best performers of the session on the COLCAP were Cemex Latam Holdings SA (CN:CLH), which rose 0.77% or 40.0 points to trade at 5240.0 at the close. Meanwhile, Pfgrupsura (CN:SIS_p) added 0.68% or 220.0 points to end at 32400.0 and Bcolombia (CN:BIC) was up 0.53% or 160.0 points to 30260.0 in late trade.

The worst performers of the session were Promigas (CN:PMG), which fell 9.56% or 610.0 points to trade at 5770.0 at the close. Cementos Argos Pf (CN:CCB_p) declined 4.71% or 300.0 points to end at 6070.0 and Etb (CN:ETB) was down 4.44% or 13.0 points to 280.0.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 21 to 4 and 3 ended unchanged.

Shares in Promigas (CN:PMG) fell to 52-week lows; down 9.56% or 610.0 to 5770.0. Shares in Cementos Argos Pf (CN:CCB_p) fell to all time lows; down 4.71% or 300.0 to 6070.0. Shares in Etb (CN:ETB) fell to all time lows; down 4.44% or 13.0 to 280.0.

US coffee C for December delivery was down 0.16% or 0.20 to $121.85 . Elsewhere in commodities trading, US cocoa for delivery in December rose 0.86% or 18.50 to hit $2160.50 , while the December Gold Futures contract fell 0.03% or 0.40 to trade at $1229.70 a troy ounce.

USD/COP was down 0.47% to 3078.25, while BRL/COP fell 0.25% to 828.58.

The US Dollar Index Futures was down 0.29% at 95.44.

Oil Up on Day, but U.S. Crude Loses 3% After Rough Week

Investing.com - Oil prices rose on Friday, but remained at an inflection point after a rough week.

Reports of record Chinese demand for crude and of producers’ struggling to boost output suggest prices should be higher. But surging stockpiles and a rise in drilling activity in the U.S. indicate the path of least resistance is lower.

The conflicting themes were on display as Brent, the global benchmark for oil, posted a drop of nearly 1% on the week, while WTI had a weekly loss of 3%.

Some think WTI will return to its recent perch above $70 per barrel and dismiss this week’s tumble as aberration, or simply profit-taking, ahead of the expiry of its front-month November contract on Monday.

“Despite the weakness into contract expiration, nothing has changed,” said Phil Flynn, an analyst at Chicago’s Price Futures Group, who’s typically bullish on oil.

He referred to an earlier 3% selloff in WTI on Aug. 15, which he said was ahead of contract expiration as well.

“That was just a correction," he said. "So is this down move.”

Others, such as Phil Davis at PSW Investments in New York, believe WTI should trade at $65 or below in coming weeks and that Brent might slip another $5 or so to hover around $75.

“Logically, oil is overpriced with the kind of builds we’ve seen in U.S. crude lately and the growing notion that the Iran sanctions might not hit as hard as thought. The only problem is finding the right entry point to short WTI and Brent,” Davis said.

WTI settled up 47 cents, or 0.7%, at $69.13 per barrel. The U.S. crude benchmark gave back much of its early gains on data showing the U.S. rig count had risen to March 2015 highs after drillers added four rigs this week.

Brent settled up 49 cents, or 0.6%, at $79.78.

In Friday's trading, oil was supported by government data showing refinery throughput in China, the world's largest oil importer, rising to a record high of 12.49 million barrels per day in September as some independent plants restarted operations after prolonged shutdowns over the summer to shore up inventories.

OPEC, meanwhile, was struggling to add barrels to the market after agreeing in June to increase output, according to an internal document seen by Reuters.

Those positive points were offset somewhat by bearish data such as the U.S. crude build of 23 million barrels over the past month, that came in nearly five times above forecasts.

Netflix Falls 3% as Wall Street Divided on Future Growth

Investing.com - Netflix fell on Friday, continuing to pare gains as its blowout earnings report earlier this week was overshadowed by valuation concerns amid a downbeat report from Keybanc.

KeyBanc Capital Markets' Andy Hargreaves downgraded Netflix from overweight to sector weight earlier this week, citing concerns over limited investment efficiency, margin expansion and ancillary opportunities over the next year. The bank's bearish assessment of Netflix arrived after the streaming giant added 7 million new streaming subscribers in the third quarter, a third more than Wall Street had expected.

Still, others on Wall Street continued to contend further growth lies ahead for Netflix.

"While bears will point to lower fourth-quarter margin guidance, we believe Netflix continues to build a bigger moat as the majority of content spend is through its internal studio, which protects the company from media consolidation and forthcoming OTT services," Oppenheimer analyst Jason Helfstein said in a note earlier this week.

Oppenheimer has raised its price target on Netflix to $410 from $370.

(NASDAQ:NFLX) fell by 3.36% to trade at $335.06 by 14:07 (18:07 GMT) on Friday on the NASDAQ exchange.

The volume of Netflix shares traded since the start of the session was 10.37 million. Netflix has traded in a range of $334.57 to $355.80 on the day.

The stock has traded at $380.0000 at its highest and $315.8100 at its lowest during the past seven days.

MarketPulse: Utilities in Demand as Sentiment Turns Defensive

Investing.com – Utilities were in favor Friday as skittish investors turned defensive even as the broader market rebounded from a selloff the day earlier.

Investors seemingly shrugged of the risk that raising government bond yield pose to bond proxies and piled into the utilities, a defensive corner of the market as it provides a constant dividends and stable earnings irrespective of the state of the overall stock market.

American Electric Power (NYSE:AEP) rose 2% ahead of its earnings next week, which is expected to reveal a year-over-year increase in profit on higher revenues.

Pinnacle West Capital (NYSE:PNW) rose 2% a day after the company said it would raise its quarterly dividend by 6.1%, or 17 cents a share annually.

Dominion Resources (NYSE:D) rose 2%, adding to gains for month, which had followed an upbeat reports from JPMorgan (NYSE:JPM) in early October on expectations for a "modest upside" from company's tie-up with Scana Corporation (NYSE:SCG).

"We see modest upside earnings potential from the Scana Corporation deal, any Blue Racer sale or successful conclusion of the CT clean energy procurement next year," JPMorgan said.

The S&P 500 utilities rose 1.60%.

Portugal stocks lower at close of trade; PSI 20 unchanged

Investing.com – Portugal stocks were lower after the close on Friday, as in the sectors led shares .

At the close in Lisbon, the PSI 20 unchanged 0.00%.

The best performers of the session on the PSI 20 were Altri SGPS (LS:ALSS), which rose 1.51% or 0.1100 points to trade at 7.4000 at the close. Meanwhile, EDP (LS:EDP) added 0.99% or 0.0310 points to end at 3.1690 and J. Martins SGPS (LS:JMT) was up 0.79% or 0.0900 points to 11.4500 in late trade.

The worst performers of the session were CTT Correios de Portugal SA (LS:CTT), which fell 3.61% or 0.1200 points to trade at 3.2000 at the close. The Navigator Company SA (LS:NVGR) declined 3.48% or 0.1480 points to end at 4.1020 and Corticeira Amorim (LS:CORA) was down 2.76% or 0.280 points to 9.880.

Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 19 to 12 and 6 ended unchanged.

Brent oil for December delivery was up 1.08% or 0.86 to $80.15 a barrel. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.99% or 0.68 to hit $69.33 a barrel, while the December Gold Futures contract rose 0.04% or 0.50 to trade at $1230.60 a troy ounce.

EUR/USD was up 0.53% to 1.1515, while EUR/GBP rose 0.33% to 0.8827.

The US Dollar Index Futures was down 0.30% at 95.43.

Spain stocks higher at close of trade; IBEX 35 up 0.03%

Investing.com – Spain stocks were higher after the close on Friday, as gains in the Telecoms&IT, Chemical, Petroleum&Plastic and Financial Services&Real Estate sectors led shares higher.

At the close in Madrid, the IBEX 35 added 0.03%.

The best performers of the session on the IBEX 35 were Viscofan (MC:VIS), which rose 2.48% or 1.500 points to trade at 62.100 at the close. Meanwhile, Red Electrica Corporacion SA (MC:REE) added 1.67% or 0.300 points to end at 18.270 and Iberdrola (MC:IBE) was up 1.65% or 0.102 points to 6.278 in late trade.

The worst performers of the session were ArcelorMittal SA (MC:MTS), which fell 3.93% or 0.970 points to trade at 23.740 at the close. International Consolidated Airlines Group SA (MC:ICAG) declined 3.57% or 0.234 points to end at 6.312 and Acerinox (MC:ACX) was down 2.90% or 0.340 points to 11.380.

Falling stocks outnumbered advancing ones on the Madrid Stock Exchange by 87 to 79 and 22 ended unchanged.

Shares in International Consolidated Airlines Group SA (MC:ICAG) fell to 52-week lows; down 3.57% or 0.234 to 6.312.

Gold Futures for December delivery was down 0.01% or 0.10 to $1230.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.76% or 0.52 to hit $69.17 a barrel, while the December Brent oil contract rose 0.88% or 0.70 to trade at $79.99 a barrel.

EUR/USD was up 0.52% to 1.1513, while EUR/GBP rose 0.33% to 0.8827.

The US Dollar Index Futures was down 0.29% at 95.44.

Netherlands stocks higher at close of trade; AEX up 0.25%

Investing.com – Netherlands stocks were higher after the close on Friday, as gains in the Healthcare, Financials and Consumer Services sectors led shares higher.

At the close in Amsterdam, the AEX added 0.25%.

The best performers of the session on the AEX were Unilever NV DRC (AS:UNc), which rose 2.78% or 1.28 points to trade at 47.33 at the close. Meanwhile, Wolters Kluwer (AS:WLSNc) added 2.58% or 1.32 points to end at 52.40 and Galapagos NV (AS:GLPG) was up 2.27% or 2.080 points to 93.680 in late trade.

The worst performers of the session were ArcelorMittal SA (AS:MT), which fell 3.94% or 0.975 points to trade at 23.755 at the close. Philips Lighting NV (AS:LIGHT) declined 3.78% or 0.82 points to end at 20.89 and Randstad NV (AS:RAND) was down 3.51% or 1.56 points to 42.84.

Falling stocks outnumbered advancing ones on the Amsterdam Stock Exchange by 89 to 41 and 8 ended unchanged.

Shares in Randstad NV (AS:RAND) fell to 52-week lows; falling 3.51% or 1.56 to 42.84.

The AEX Volatility, which measures the implied volatility of AEX options, was unchanged 0.00% to 14.75.

Crude oil for November delivery was up 0.83% or 0.57 to $69.22 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.96% or 0.76 to hit $80.05 a barrel, while the December Gold Futures contract rose 0.02% or 0.20 to trade at $1230.30 a troy ounce.

EUR/USD was up 0.52% to 1.1514, while EUR/GBP rose 0.34% to 0.8828.

The US Dollar Index Futures was down 0.30% at 95.43.

Russia stocks lower at close of trade; MOEX Russia down 1.42%

Investing.com – Russia stocks were lower after the close on Friday, as losses in the Power, Mining and Oil&Gas sectors led shares lower.

At the close in Moscow, the MOEX Russia declined 1.42% to hit a new 1-month low.

The best performers of the session on the MOEX Russia were X5 Retail Group NV (MCX:FIVEDR), which rose 0.99% or 14.0 points to trade at 1434.5 at the close. Meanwhile, Gazprom PAO (MCX:GAZP) added 0.71% or 1.14 points to end at 161.32 and MegaFon OAO (MCX:MFON) was up 0.56% or 3.30 points to 593.00 in late trade.

The worst performers of the session were Yandex NV (MCX:YNDX), which fell 19.91% or 445.00 points to trade at 1790.00 at the close. NPK OVK PAO (MCX:UWGN) declined 7.43% or 33.6 points to end at 418.6 and Sberbank Rossii PAO (MCX:SBER) was down 3.77% or 7.20 points to 183.80.

Falling stocks outnumbered advancing ones on the Moscow Stock Exchange by 143 to 61 and 21 ended unchanged.

Shares in Yandex NV (MCX:YNDX) fell to 52-week lows; falling 19.91% or 445.00 to 1790.00. Shares in NPK OVK PAO (MCX:UWGN) fell to all time lows; falling 7.43% or 33.6 to 418.6.

The Russian VIX, which measures the implied volatility of MOEX Russia options, was down 0.46% to 25.910.

Gold Futures for December delivery was up 0.05% or 0.60 to $1230.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.79% or 0.54 to hit $69.19 a barrel, while the December Brent oil contract rose 0.93% or 0.74 to trade at $80.03 a barrel.

USD/RUB was down 0.53% to 65.4550, while EUR/RUB rose 0.02% to 75.3858.

The US Dollar Index Futures was down 0.30% at 95.43.

Belgium stocks lower at close of trade; BEL 20 down 0.54%

Investing.com – Belgium stocks were lower after the close on Friday, as losses in the Real Estate, Pharma&Bio-technology and Media sectors led shares lower.

At the close in Brussels, the BEL 20 fell 0.54%.

The best performers of the session on the BEL 20 were Galapagos NV (AS:GLPG), which rose 2.27% or 2.080 points to trade at 93.680 at the close. Meanwhile, Proximus NV (BR:PROX) added 1.64% or 0.37 points to end at 22.96 and Engie SA (PA:ENGIE) was up 0.47% or 0.06 points to 11.73 in late trade.

The worst performers of the session were Aperam SA (AS:APAM), which fell 4.31% or 1.59 points to trade at 35.33 at the close. Solvay SA (BR:SOLB) declined 1.82% or 1.90 points to end at 102.55 and KBC (BR:KBC) was down 1.80% or 1.160 points to 63.200.

Falling stocks outnumbered advancing ones on the Brussels Stock Exchange by 75 to 32 and 21 ended unchanged.

Shares in Aperam SA (AS:APAM) fell to 52-week lows; falling 4.31% or 1.59 to 35.33. Shares in Solvay SA (BR:SOLB) fell to 52-week lows; losing 1.82% or 1.90 to 102.55.

Gold Futures for December delivery was up 0.03% or 0.40 to $1230.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.99% or 0.68 to hit $69.33 a barrel, while the December Brent oil contract rose 1.05% or 0.83 to trade at $80.12 a barrel.

EUR/USD was up 0.53% to 1.1515, while EUR/GBP rose 0.36% to 0.8830.

The US Dollar Index Futures was down 0.30% at 95.43.

U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.34%

Investing.com – U.K. stocks were higher after the close on Friday, as gains in the Beverage, Food&Drug Retailers and Pharmaceuticals&Biotech sectors led shares higher.

At the close in London, the Investing.com United Kingdom 100 rose 0.34%.

The best performers of the session on the Investing.com United Kingdom 100 were Intu Properties PLC (LON:INTUP), which rose 12.55% or 22.30 points to trade at 200.00 at the close. Meanwhile, Reckitt Benckiser Group PLC (LON:RB) added 3.75% or 243.00 points to end at 6714.00 and Old Mutual Ltd (LON:OMU) was up 3.16% or 3.82 points to 124.68 in late trade.

The worst performers of the session were EasyJet PLC (LON:EZJ), which fell 6.32% or 72.00 points to trade at 1068.00 at the close. Barratt Developments PLC (LON:BDEV) declined 4.39% or 22.60 points to end at 491.60 and Taylor Wimpey PLC (LON:TW) was down 3.81% or 6.00 points to 151.40.

Falling stocks outnumbered advancing ones on the London Stock Exchange by 1286 to 756 and 319 ended unchanged.

Shares in EasyJet PLC (LON:EZJ) fell to 52-week lows; down 6.32% or 72.00 to 1068.00. Shares in Taylor Wimpey PLC (LON:TW) fell to 52-week lows; losing 3.81% or 6.00 to 151.40.

Gold Futures for December delivery was down 0.02% or 0.20 to $1229.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.05% or 0.72 to hit $69.37 a barrel, while the December Brent oil contract rose 1.15% or 0.91 to trade at $80.20 a barrel.

GBP/USD was up 0.18% to 1.3042, while EUR/GBP rose 0.38% to 0.8831.

The US Dollar Index Futures was down 0.31% at 95.42.

Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.79%

Investing.com – Sweden stocks were lower after the close on Friday, as losses in the Industrials, Telecoms and Consumer Goods sectors led shares lower.

At the close in Stockholm, the OMX Stockholm 30 lost 0.79% to hit a new 3-months low.

The best performers of the session on the OMX Stockholm 30 were Getinge AB ser. B (ST:GETIb), which rose 4.79% or 3.9 points to trade at 85.7 at the close. Meanwhile, ASSA ABLOY AB ser. B (ST:ASSAb) added 3.09% or 5.2 points to end at 175.1 and Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) was up 2.73% or 2.26 points to 85.17 in late trade.

The worst performers of the session were Skanska AB ser. B (ST:SKAb), which fell 10.63% or 17.15 points to trade at 144.25 at the close. Atlas Copco AB Class A (ST:ATCOa) declined 7.41% or 17.1 points to end at 213.0 and Atlas Copco AB Series B (ST:ATCOb) was down 6.35% or 13.5 points to 198.6.

Falling stocks outnumbered advancing ones on the Stockholm Stock Exchange by 443 to 198 and 42 ended unchanged.

Shares in Skanska AB ser. B (ST:SKAb) fell to 3-years lows; losing 10.63% or 17.15 to 144.25. Shares in Atlas Copco AB Class A (ST:ATCOa) fell to 52-week lows; losing 7.41% or 17.1 to 213.0. Shares in Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) rose to 52-week highs; rising 2.73% or 2.26 to 85.17. Shares in Atlas Copco AB Series B (ST:ATCOb) fell to 52-week lows; losing 6.35% or 13.5 to 198.6.

Crude oil for November delivery was up 1.19% or 0.82 to $69.47 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 1.32% or 1.05 to hit $80.34 a barrel, while the December Gold Futures contract fell 0.04% or 0.50 to trade at $1229.60 a troy ounce.

EUR/SEK was down 0.12% to 10.3454, while USD/SEK fell 0.64% to 8.9862.

The US Dollar Index Futures was down 0.29% at 95.44.

Greece stocks lower at close of trade; Athens General Composite unchanged

Investing.com – Greece stocks were lower after the close on Friday, as in the sectors led shares .

At the close in Athens, the Athens General Composite unchanged 0.00%.

The best performers of the session on the Athens General Composite were Titan Cement Company SA (AT:TTNr), which rose 2.89% or 0.560 points to trade at 19.950 at the close. Meanwhile, Public Power (AT:DEHr) added 0.83% or 0.01 points to end at 1.22 and Greek Organisation of Football Prognostics SA (AT:OPAr) was up 0.47% or 0.040 points to 8.580 in late trade.

The worst performers of the session were Motor Oil Hellas Corinth Refineries SA (AT:MORr), which fell 3.09% or 0.68 points to trade at 21.30 at the close. National Bank of Greece SA (AT:NBGr) declined 3.01% or 0.044 points to end at 1.419 and Alpha Bank SA (AT:ACBr) was down 2.18% or 0.025 points to 1.120.

Falling stocks outnumbered advancing ones on the Athens Stock Exchange by 10 to 4.

Shares in National Bank of Greece SA (AT:NBGr) fell to 52-week lows; falling 3.01% or 0.044 to 1.419. Shares in Alpha Bank SA (AT:ACBr) fell to 3-years lows; falling 2.18% or 0.025 to 1.120.

Gold Futures for December delivery was down 0.04% or 0.50 to $1229.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.41% or 0.97 to hit $69.62 a barrel, while the December Brent oil contract rose 1.49% or 1.18 to trade at $80.47 a barrel.

EUR/USD was up 0.38% to 1.1498, while EUR/GBP rose 0.20% to 0.8816.

The US Dollar Index Futures was down 0.22% at 95.51.

Oil Prices Rise Ahead of Rig Count, WTI Set for Weekly Drop on Supply Concerns

Investing.com - Oil prices bounced higher on Friday after two sessions of sharp declines sparked by a large build in U.S. crude inventories, while investors looked ahead to the latest reading on U.S. drilling activity.

New York-traded West Texas Intermediate crude futures gained 99 cents, or 1.44%, at $69.64 a barrel by 10:16 AM ET (14:16 GMT), adding to losses of 2.82% a day earlier.

Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., traded up $1.32, or 1.66%, to $80.61.

West Texas Intermediate oil was on track for weekly losses of 2.4%, while Brent managed to eke out gains of 0.2% since last Friday after Wednesday’s report from the EIA showed that U.S. crude stocks surged by 6.5 million barrels last week, the fourth-straight weekly build and almost triple what analysts had forecast.

Still, the potential political fallout after the disappearance of Saudi Arabian journalist Jamal Khashoggi and upcoming sanctions against Iran continued to loom over oil markets.

U.S. President Donald Trump vowed on Thursday to find out exactly what happened to Khashoggi, whom he said might be deceased. He warned of a “very severe” response to Saudi Arabia, which is under political pressure for its role in the disappearance. Both business and political leaders have been distancing themselves from the Kingdom.

Khashoggi disappeared after he entered the Saudi consulate on Oct. 2 to obtain marriage documents, sparking speculations over the kingdom’s involvement. Turkish media leaked an audio file that showed the journalist was tortured and murdered in the consulate.

U.S. sanctions on Iran, which will take effect on Nov. 4, have also been cause for concern. Analysts are also worried about whether Saudi Arabia and Russia will be able to compensate for the expected fall of Iranian exports of about 1 million barrels per day.

Later on Friday, investors will digest the Baker Hughes’ oil rig count data, a leading indicator of demand for oil products, in order to gauge U.S. drilling activity.

In other energy trading, gasoline futures rose 2.01% to $1.9295 a gallon by 10:19 AM ET (14:19 GMT), while heating oil advanced 1.22% to $2.3230 a gallon.

Lastly, natural gas futures traded up 1.34% to $3.241 per million British thermal units.

Stocks - Wall Street Rallies on Strong Earnings Results

Investing.com - The Dow rebounded on Friday as Procter & Gamble posted stronger-than-expected earnings results, ending a week of volatile trading on Wall Street.

The S&P 500 rose 13 points, or 0.47%, to 2,781.88 as of 9:38 AM ET (13:38 GMT), while the Dow increased 102 points, or 0.41%, to 25,482.37 and the tech-heavy Nasdaq Composite was up 53 points, or 0.72%, to 7,538.93.

P&G (NYSE:PG) was up 6.24% after the consumer goods giant reported diluted earnings per share of $1.22.

PayPal (NASDAQ:PYPL) was among other gainers, surging 9.08% after its earnings beat estimates, while Tesla (NASDAQ:TSLA) increased 1.69% after CEO Elon Musk introduced a lower-cost Model 3 car. Other technology stocks were also higher, with Amazon (NASDAQ:AMZN) increasing 1.04% and Apple (NASDAQ:AAPL) gaining 1.52%.

Meanwhile, Honeywell (NYSE:HON) slumped 1.30% despite beating estimates and reporting an increase in e-commerce drove sales of warehouse machinery.

EBay (NASDAQ:EBAY) was down 8.53% after news it is suing Amazon.com for allegedly poaching its top seller, while General Electric (NYSE:GE) inched down 0.08%.

In commodities, gold futures decreased 0.03% to $1,229.70 a troy ounce, while crude oil futures rose 1.03% to $69.36 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, decreased 0.06% to 95.66.

Canadian Annual Inflation 2.2% in September

Investing.com - The overall rate of inflation in Canada rose less than expected in September, Statistics Canada said on Friday.

The consumer price index rose 2.2% last month, compared with the same month a year earlier.

Prices fell by 0.4% from a month earlier.

Economists had expected annual inflation to decrease by 2.7% and monthly inflation to fall by 0.1%.

Core inflation, which excludes gasoline, was up 1.5% from a year earlier and was flat from the previous month.

The Bank of Canada aims to keep inflation at 2%, the midpoint of a target range of 1% to 3% over the medium term. The central bank is expected to increase rates at its meeting next week.

Stocks - Procter&Gamble, American Express Jump in Pre-market; PayPal Soars

Investing.com - Stocks in focus in pre-market trade Friday:

• Procter & Gamble (NYSE:PG) stock jumped 4.79% by 8:10 AM ET (12:10 GMT) after the company reported better-than-expected quarterly results and reaffirmed its full-year guidance.

• DowDuPont (NYSE:DWDP) stock fell 0.99% after disclosing a $4.6 billion impairment charge at its farm unit.

American Express (NYSE:AXP) gained 2.01% after the company reported quarterly profit and revenue that topped expectations.

• PayPal (NASDAQ:PYPL) stock soared 7.45% after the company reported quarterly profit that topped consensus and lifted its outlook.

• American International Group (NYSE:AIG) stock sank 2.84% after the company forecast that it would see between $1.5 billion and $1.7 billion in pre-tax catastrophe losses for the third quarter.

• Tesla (NASDAQ:TSLA) stock gained 1.88% after it launched a new $45,000 version of its Model 3 sedan.

• Honeywell (NYSE:HON) advanced 2.94% after the company reported better-than-expected quarterly profit and lifted its full-year forecast for cash flow and margins.

Procter&Gamble Reports Better-Than-Expected Profit, Maintains Guidance

Investing.com - Procter & Gamble reported better-than-expected fiscal first-quarter numbers and reiterated its full-year guidance on Friday, sending shares higher in pre-market trade.

The firm reported diluted earnings per share of $1.22, an increase of 15% compared to the prior year. The comparable core earnings per share increased 3% to $1.12.

Revenue of $16.69 billion was in line sales registered a year earlier.

Analysts polled by Investing.com forecast EPS of $1.10 on revenue of $16.49 billion.

“We generated strong consumption, organic volume and organic sales in the first quarter,” David Taylor, P&G’s Chairman, President and Chief Executive Officer, said in the release. “This keeps us on track to deliver our top- and bottom-line targets for the fiscal year.”

P&G had projected organic sales growth in the range of 2% to 3% for fiscal 2019.

The company noted that fiscal 2019 all-in sales growth would likely be in the range of down 2% to in-line vs. the prior fiscal year, including a headwind of three to four percentage points to sales growth from foreign exchange.

P&G also maintained its expectation for core earnings per share growth of to rise 3% to 8% compared to a core EPS of $4.22 in 2018.

At 7:26 AM ET (11:26 GMT), Procter & Gamble (NYSE:PG) shares jumped 4.32% to $83.77 in pre-market trade. As of Thursday’s close, shares are down 18.88% so far this year, under-performing the S&P 500 which is up 3.17% year to date.

State Street Earnings, Revenue miss in Q3

Investing.com - State Street reported third quarter earnings that missed analyst's expectations on Friday and revenue that fell short of forecasts.

The firm reported earnings per share of $1.87 on revenue of $2.95B. Analysts polled by Investing.com anticipated EPS of $1.89 on revenue of $3.02B. That compared to EPS of $1.83 on revenue of $3.00B in the same period a year earlier The company had reported EPS of $2.05 on revenue of $3.03B in the previous quarter.

For the year, State Street shares are down 18.88%, under-performing the S&P 500 which is up 3.17% year to date.

State Street follows other major Financial sector earnings this month

On Tuesday, JPMorgan (NYSE:JPM) reported fourth quarter EPS of $ on revenue of $, compared to forecasts of EPS of $2.24 on revenue of $27.41B.

Bank of America (NYSE:BAC) earnings missed analyst's expectations on Wednesday, with fourth quarter EPS of $ on revenue of $. Investing.com analysts expected EPS of $0.65 on revenue of $22.76B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Honeywell Earnings, Revenue beat in Q3

Investing.com - Honeywell (NYSE:HON) reported third quarter earnings that beat analyst's expectations on Friday and revenue that topped forecasts.

The firm reported earnings per share of $2.03 on revenue of $10.76B. Analysts polled by Investing.com anticipated EPS of $1.99 on revenue of $10.75B. That compared to EPS of $1.75 on revenue of $10.12B in the same period a year earlier The company had reported EPS of $2.12 on revenue of $10.92B in the previous quarter.

For the year, Honeywell shares are up 0.89%, under-performing the S&P 500 which is up 3.17% year to date.

Honeywell follows other major Capital Goods sector earnings this month

On Tuesday, Lam Research (NASDAQ:LRCX) reported second quarter EPS of $ on revenue of $, compared to forecasts of EPS of $3.64 on revenue of $2.46B.

Fastenal earnings missed analyst's expectations on Thursday, with fourth quarter EPS of $ on revenue of $. Investing.com analysts expected EPS of $0.6 on revenue of $1.22B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

SunTrust Banks Earnings beat, Revenue misses In Q3

Investing.com - SunTrust Banks (NYSE:STI) reported third quarter earnings that beat analyst's expectations on Friday and revenue that fell short of forecasts.

The firm reported earnings per share of $1.56 on revenue of $2.29B. Analysts polled by Investing.com forecast EPS of $1.39 on revenue of $2.35B. That compared to EPS of $1.06 on revenue of $2.48B in the same period a year earlier The company had reported EPS of $1.49 on revenue of $2.32B in the previous quarter.

For the year, SunTrust Banks shares are down 5.5%, under-performing the S&P 500 which is up 3.17% year to date.

SunTrust Banks follows other major Financial sector earnings this month

On Tuesday, JPMorgan (NYSE:JPM) reported fourth quarter EPS of $ on revenue of $, compared to forecasts of EPS of $2.24 on revenue of $27.41B.

Bank of America (NYSE:BAC) earnings missed analyst's expectations on Wednesday, with fourth quarter EPS of $ on revenue of $. Investing.com analysts expected EPS of $0.65 on revenue of $22.76B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Indonesia stocks lower at close of trade; IDX Composite Index down 0.14%

Investing.com – Indonesia stocks were lower after the close on Friday, as losses in the Consumer Industry, Financials and Trade sectors led shares lower.

At the close in Jakarta, the IDX Composite Index fell 0.14%.

The best performers of the session on the IDX Composite Index were Superkrane Mitra Utama Tbk PT (JK:SKRN), which unchanged 0.00% or 0 points to trade at 1220 at the close. Meanwhile, Apac Citra Centertex Tbk (JK:MYTX) unchanged 0.00% or 0 points to end at 126 and Argha Karya Prima Ind Tbk (JK:AKPI) was unchanged 0.00% or 0 points to 850 in late trade.

The worst performers of the session were Superkrane Mitra Utama Tbk PT (JK:SKRN), which unchanged 0.00% or 0 points to trade at 1220 at the close. Apac Citra Centertex Tbk (JK:MYTX) unchanged 0.00% or 0 points to end at 126 and Argha Karya Prima Ind Tbk (JK:AKPI) was 0.00% or 0 points to 850.

Falling stocks outnumbered advancing ones on the Jakarta Stock Exchange by 0 to 0.

Shares in Superkrane Mitra Utama Tbk PT (JK:SKRN) unchanged to all time highs; unchanged 0.00% or 0 to 1220. Shares in Superkrane Mitra Utama Tbk PT (JK:SKRN) unchanged to all time highs; unchanged 0.00% or 0 to 1220.

Crude oil for November delivery was up 0.35% or 0.24 to $68.89 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.66% or 0.52 to hit $79.81 a barrel, while the December Gold Futures contract rose 0.07% or 0.90 to trade at $1231.00 a troy ounce.

USD/IDR was down 0.19% to 15197.5, while AUD/IDR rose 0.75% to 10870.35.

The US Dollar Index Futures was down 0.06% at 95.66.

Gold Prices Flat as Dollar Struggles for Direction

Investing.com - Gold prices were flat on Friday as the U.S. dollar was volatile despite expectations of another interest rate increase this year and falling equities.

Comex gold futures for December delivery inched down 0.07% to $1,229.30 a troy ounce as of 4:45 AM ET (8:45 GMT), not far from an earlier session high of $1,232.70.

Rising interest rates are likely remain a concern for gold prices. Interest rate increases dampen appeal for gold, while boosting the dollar.

Gold was also pulled back by an earlier rise in the greenback. Hawkish Federal Reserve meeting minutes increased chances of a rate hike in December, which helped boost the dollar.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, decreased 0.01% to 95.71, but remained near a one-and-a-half week high.

The precious metal usually falls as the dollar rises, as it is denominated in the U.S. currency and is sensitive to moves in the dollar. Bullion becomes more expensive for holders of other currencies when the dollar rises and cheaper when it falls.

Gold had risen earlier after China reported disappointing third-quarter GDP data. A fall in U.S. and European equities also helped boost the precious metal as investors turned away from riskier assets.

Still, bullion has fallen 10% from its peak in April.

Other metals were higher on the Comex, with silver futures rising 0.11% to $14.620 a troy ounce. Among other precious metals, Platinum Futures increased 0.16% to $833.00 while Palladium Futures surged 0.86% to $1,073.90 an ounce. Copper futures inched up 0.09% to $2.749 a pound.

Philippines stocks higher at close of trade; PSEi Composite up 0.14%

Investing.com – Philippines stocks were higher after the close on Friday, as gains in the Holding Firms, Services and Property sectors led shares higher.

At the close in Philippines, the PSEi Composite added 0.14%.

The best performers of the session on the PSEi Composite were Robinsons Retail Holdings Inc (PS:RRHI), which unchanged 0.00% or 0.000 points to trade at 76.100 at the close. Meanwhile, Aboitiz Equity Ventures Inc (PS:AEV) unchanged 0.00% or 0.000 points to end at 45.400 and Alliance Global Group Inc (PS:AGI) was unchanged 0.00% or 0.000 points to 11.720 in late trade.

The worst performers of the session were Robinsons Retail Holdings Inc (PS:RRHI), which unchanged 0.00% or 0.000 points to trade at 76.100 at the close. Aboitiz Equity Ventures Inc (PS:AEV) unchanged 0.00% or 0.000 points to end at 45.400 and Alliance Global Group Inc (PS:AGI) was 0.00% or 0.000 points to 11.720.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 0 to 0.

Gold Futures for December delivery was down 0.07% or 0.80 to $1229.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.13% or 0.09 to hit $68.74 a barrel, while the December Brent oil contract rose 0.14% or 0.11 to trade at $79.40 a barrel.

CNY/PHP was down 0.34% to 7.7526, while USD/PHP fell 0.53% to 53.741.

The US Dollar Index Futures was up 0.04% at 95.76.

China stocks higher at close of trade; Shanghai Composite up 2.58%

Investing.com – China stocks were higher after the close on Friday, as gains in the Life Insurance, Software&Computer Services and Real Estate Investments&Services sectors led shares higher.

At the close in Shanghai, the Shanghai Composite rose 2.58%, while the SZSE Component index climbed 2.79%.

The best performers of the session on the Shanghai Composite were Sundy Land Investment Co Ltd (SS:600077), which rose 10.18% or 0.230 points to trade at 2.490 at the close. Meanwhile, Routon Electronic Co Ltd (SS:600355) added 10.12% or 0.260 points to end at 2.830 and Henan Huanghe Whirlwind Co Ltd (SS:600172) was up 10.11% or 0.280 points to 3.050 in late trade.

The worst performers of the session were Kangmei Pharmaceutical Co Ltd (SS:600518), which fell 10.01% or 1.620 points to trade at 14.570 at the close. Wanhua Chemical Group Co Ltd (SS:600309) declined 10.00% or 3.560 points to end at 32.030 and Neway Valve Suzhou Co Ltd (SS:603699) was down 9.96% or 1.210 points to 10.940.

The top performers on the SZSE Component were Guangdong Eastone Century Technology Co Ltd (SZ:300310) which rose 10.11% to 3.92, Hand Enterprise Solutions Co (SZ:300170) which was up 10.05% to settle at 10.84 and Xinzhi Motor Co Ltd (SZ:002664) which gained 10.05% to close at 11.17.

The worst performers were Wonders Information (SZ:300168) which was down 9.99% to 12.07 in late trade, Jiuzhitang Co Ltd (SZ:000989) which lost 9.78% to settle at 10.15 and Meisheng Cultural&Creative Corp Ltd (SZ:002699) which was down 9.08% to 6.21 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1303 to 138 and 24 ended unchanged.

Shares in Kangmei Pharmaceutical Co Ltd (SS:600518) fell to 52-week lows; losing 10.01% or 1.620 to 14.570. Shares in Wanhua Chemical Group Co Ltd (SS:600309) fell to 52-week lows; down 10.00% or 3.560 to 32.030. Shares in Wonders Information (SZ:300168) fell to 5-year lows; down 9.99% or 1.34 to 12.07. Shares in Jiuzhitang Co Ltd (SZ:000989) fell to 5-year lows; down 9.78% or 1.10 to 10.15. Shares in Meisheng Cultural&Creative Corp Ltd (SZ:002699) fell to 3-years lows; falling 9.08% or 0.62 to 6.21.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 30.56 a new 6-months high.

Gold Futures for December delivery was down 0.10% or 1.20 to $1228.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.31% or 0.21 to hit $68.86 a barrel, while the December Brent oil contract rose 0.42% or 0.33 to trade at $79.62 a barrel.

USD/CNY was down 0.06% to 6.9335, while EUR/CNY fell 0.10% to 7.9344.

The US Dollar Index Futures was up 0.05% at 95.77.

Gold Prices Gain as Asian Stocks Fall on Disappointing China Data

Investing.com - Gold prices gained on Friday as Asian stocks traded mostly lower after China reported disappointing third-quarter GDP data.

Gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped 0.08% at $1,226.4 a troy ounce by 1:19 AM ET (05:19 GMT).

China’s economy grew 6.5% in the third quarter from a year earlier, its weakest pace since the global financial crisis and missed expectations of a 6.6% growth.

“With Chinese equity markets continuing to drift lower, and lingering geopolitical risks such as Fed interest rate hikes, Italian budget concerns and the U.S.-China trade war, stock markets are still shaky and in no way have stabilised,” said Ronan Manly, a precious metals analyst at Singapore-based dealer BullionStar.

“This overall mix should be supportive of the gold price.”

Saudi Arabia, U.S.-China relations, the European Union and rising bond yields were also cited as tailwind for gold prices.

Gold prices returned to $1,200 in August, reaffirming its position as the safe haven of choice for risk-averse investors. Since then, it has more or less held its ground there. U.S. bond yields rallying to multiyear highs have also taken some wind out of the dollar's sails, propping up gold.

Despite recent gains, the yellow metal has declined about 10% from its April peak after investors preferred the dollar as the U.S.-China trade war unfolded against a background of higher U.S. interest rates.

Bitcoin Fall; Russian Central Bank Says Crypto Excitement is Beginning to Cool

Investing.com - Bitcoin and other major cryptocurrency prices fell on Friday as Elvira Nabiullina, the head of the Central Bank of the Russian Federation, said markets’ excitement toward virtual coins have begun to fade.

Bitcoin dropped 1.8% to $6,584.9 by 11:09 PM ET (03:09 GMT) on the Bitifinex exchange, after receiving some support earlier this week with the launch of Fidelity Asset Services, a crypto trading platform for Bitcoin and Ethereum.

Ethereum fell 3.4% to $206.4 and Litecoin declined 3.2 at $53.438. XRP slid 4.4% to $0.46723 on the Poloniex exchange.  

Speaking at the FINOPOLIS innovative financial technology forum, Nabiullina hinted that investors are now less enthusiastic about cryptocurrencies after witnessing the failure of a majority of blockchain projects and their ICOs.

“We are holding the FINOPOLIS forum for the fourth time. Earlier, this event used to witness a cryptocurrency fever everywhere. But now, it is visibly beginning to disappear,” said Nabiullina. “Back in old times, technologies like blockchain caused a great deal of enthusiasm, but, in our opinion, now a more sober attitude towards such technologies has begun.”

Nabiullina then added that she believed the ICO model is an efficient way to raise funds, although the first major waves of ICOs included many frauds.

In other news, Zebpay, India’s Largest Cryptocurrency Exchange, has confirmed it is moving To Malta.

The crypto exchange was reportedly forced to leave its home town after the Reserve Bank of India issued strict directions to banks to stop doing business with crypto-firms earlier this year. Zebpay stopped its rupee deposits and withdrawals services and eventually closed its entire exchange in India.

Zebpay said on its website that its new exchange will provide services to residents of 20 European countries, including Malta.

Asian Stocks Fall as China’s Q3 GDP Growth Misses Expectations

Investing.com - Asian stocks fell in morning trade on Friday after official data showed China’s economy slowed more than expected in the third quarter of 2018.

China’s economic growth slowed to 6.5% year-on-year, compared with the general consensus of a 6.6% growth. It was the weakest pace since the first quarter of 2009.

On a quarterly basis, GDP grew 1.6% in the third quarter, in line with expectations but slower than the 1.8% growth in April-June.

Earlier reports said Beijing’s official growth target for 2018 is around 6.5%.

"The combination of slower global economic growth, ongoing US-China geopolitical/trade concerns and the increased likelihood the FOMC raises the funds rate by more than is currently discounted (75bps over the next 12 months) is weighing on investment sentiment," Elias Haddad, senior currency strategist at Commonwealth Bank of Australia, said in a morning note.

The Shanghai Composite and the Shenzhen Component slid 0.9% and 0.6% by 10:04 PM ET (02:04 GMT). Hong Kong’s Hang Seng Index dipped 1.0%.

While not a directional driver, chairman of the China Banking and Insurance Regulatory Commission Guo Shuqing said China will allow insurance companies to begin selling products designed to ease liquidity risks.

Elsewhere, Japan’s Nikkei 225 traded 1.3% lower, while South Korea’s KOSPI slipped 0.4%.

Australia’s ASX 200 also slipped 0.3%.

Overnight, the Dow Jones Industrial Average declined 1.27%, while the S&P 500 index declined 1.44%, and the NASDAQ Composite index fell 2.06%.

U.S. President Donald Trump told reporters on Thursday that he is “waiting for the results of about three different investigations”, but it “certainly looks” like missing journalist Jamal Khashoggi is dead and warned of “very severe” consequences for those responsible for his death.

Intuitive Surgical Earnings miss, Revenue beats In Q3

Investing.com - Intuitive Surgical (NASDAQ:ISRG) reported third quarter earnings that missed analyst's expectations on Thursday and revenue that topped forecasts.

The firm reported earnings per share of $2.45 on revenue of $920.9M. Analysts polled by Investing.com expected EPS of $2.66 on revenue of $916.63M. That compared to EPS of $2.77 on revenue of $806.1M in the same period a year earlier The company had reported EPS of $2.76 on revenue of $909.3M (NYSE:MMM) in the previous quarter.

Intuitive Surgical shares gained 2.05% to trade at $533.00 in after-hours trade following the report.

For the year, Intuitive Surgical shares are up 41.97%, outperforming the S&P 500 which is up 3.17% year to date.

Intuitive Surgical follows other major Healthcare sector earnings this month

On Tuesday, J&J (NYSE:JNJ) reported third quarter EPS of $2.05 on revenue of $20.35B, compared to forecasts of EPS of $2.03 on revenue of $20.04B.

Novartis ADR earnings beat analyst's expectations on Thursday, with third quarter EPS of $1.32 on revenue of $12.78B. Investing.com analysts expected EPS of $1.31 on revenue of $12.98B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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