- Scott Peters
- 22 Jul, 2025
- New York City
MSCI Inc. dropped 4.1% to $555.54 after the custom index and financial data analytics company reported financial results for the second quarter ending in June.
Revenue surged 9.1% to $777.7 million from $707.9 million, net income soared 13.5% to $303.6 million from $266.8 million, and diluted earnings per share rose 16.3% to $3.92 from $3.37 a year ago.
For the six-month period, revenue advanced 9.4% to $1.5 billion from $1.3 billion, net income gained 13% to $592.2 million from $522.7 million, and diluted earnings per share edged higher to 15.8%, or $7.63, from $6.59 a year ago.
Total operating expenses were $347.4 million, up 6.8%. and operating income was $425.2 million, up 11.1%.
Operating income margin in the second quarter of 2025 was 55.0%, compared to 54.0% in the second quarter of 2024.
In the second quarter, the MSCI repurchased 250,818 shares for a total of $131.2 million, at an average price of $523.20.
During the same quarter, MSCI also paid $139.3 million in dividends to its shareholders.
For the third quarter of 2025, the company’s Board of Directors declared a cash dividend of $1.80 per share.
D.R. Horton Inc. jumped 13.4% to $148.8 despite the home builder reporting a decline in revenue and earnings in the second quarter.
Revenue decreased to $9.2 billion from $10 billion, net income dropped to $1 billion from $1.3 billion, and diluted earnings per share edged down to $3.36 from $4.10 a year ago.
For the nine-month period, revenue declined to $24.5 billion from $26.8 billion, net income fell to $2.7 billion from $3.5 billion, and diluted earnings per share inched lower to $8.53 from $10.43 a year ago.
The company repurchased 9.7 million shares of its common stock for $1.2 billion and paid $122.4 million in cash dividends to shareholders.
The company estimated total consolidated revenue to range between $33.7 billion and $34.2 billion for fiscal 2025, and guided share repurchases to total between $4.2 billion and $4.4 billion during the fiscal year.
The company also intends to return approximately $500 million to shareholders through dividend payments.
Domino's Pizza Inc. increased 6.5% to $468.76, after the company delivered better-than-expected sales growth in the second quarter.
Total revenues increased 4.3% to $1.14 billion from $1.09 billion, net income decreased 7.7% to $131 million from $142 million, and diluted earnings per share declined 5.5% to $3.81 from $4.03 a year ago.
Global retail sales rose 5.6%, driven by a 5.1% increase in U.S. stores and 6.0% in international sales.
U.S. same-store sales advanced 3.4%, and international same-store sales rose 2.4%, as U.S. consumers switched to value offerings and avoided expensive dining-out options because of growing macroeconomic uncertainties.
The company announced a quarterly cash dividend of $1.74 per share to shareholders on record on September 15 to be paid on September 30.
- Scott Peters
- 22 Jul, 2025
- New York City
MSCI Inc. dropped 4.1% to $555.54 after the custom index and financial data analytics company reported financial results for the second quarter ending in June.
Revenue surged 9.1% to $777.7 million from $707.9 million, net income soared 13.5% to $303.6 million from $266.8 million, and diluted earnings per share rose 16.3% to $3.92 from $3.37 a year ago.
For the six-month period, revenue advanced 9.4% to $1.5 billion from $1.3 billion, net income gained 13% to $592.2 million from $522.7 million, and diluted earnings per share edged higher to 15.8%, or $7.63, from $6.59 a year ago.
Total operating expenses were $347.4 million, up 6.8%. and operating income was $425.2 million, up 11.1%.
Operating income margin in the second quarter of 2025 was 55.0%, compared to 54.0% in the second quarter of 2024.
In the second quarter, the MSCI repurchased 250,818 shares for a total of $131.2 million, at an average price of $523.20.
During the same quarter, MSCI also paid $139.3 million in dividends to its shareholders.
For the third quarter of 2025, the company’s Board of Directors declared a cash dividend of $1.80 per share.
D.R. Horton Inc. jumped 13.4% to $148.8 despite the home builder reporting a decline in revenue and earnings in the second quarter.
Revenue decreased to $9.2 billion from $10 billion, net income dropped to $1 billion from $1.3 billion, and diluted earnings per share edged down to $3.36 from $4.10 a year ago.
For the nine-month period, revenue declined to $24.5 billion from $26.8 billion, net income fell to $2.7 billion from $3.5 billion, and diluted earnings per share inched lower to $8.53 from $10.43 a year ago.
The company repurchased 9.7 million shares of its common stock for $1.2 billion and paid $122.4 million in cash dividends to shareholders.
The company estimated total consolidated revenue to range between $33.7 billion and $34.2 billion for fiscal 2025, and guided share repurchases to total between $4.2 billion and $4.4 billion during the fiscal year.
The company also intends to return approximately $500 million to shareholders through dividend payments.
Domino's Pizza Inc. increased 6.5% to $468.76, after the company delivered better-than-expected sales growth in the second quarter.
Total revenues increased 4.3% to $1.14 billion from $1.09 billion, net income decreased 7.7% to $131 million from $142 million, and diluted earnings per share declined 5.5% to $3.81 from $4.03 a year ago.
Global retail sales rose 5.6%, driven by a 5.1% increase in U.S. stores and 6.0% in international sales.
U.S. same-store sales advanced 3.4%, and international same-store sales rose 2.4%, as U.S. consumers switched to value offerings and avoided expensive dining-out options because of growing macroeconomic uncertainties.
The company announced a quarterly cash dividend of $1.74 per share to shareholders on record on September 15 to be paid on September 30.
- Barry Adams
- 22 Jul, 2025
- New York City
Stocks turned lower after closing at new record highs in the previous session as investors reviewed the fresh batch of earnings.
The S&P 500 index edged down 0.1%, and the tech-heavy Nasdaq Composite dropped 0.6% amid rising trade tensions.
The Trump administration is struggling to finalize trade agreements with key partners, including Canada, Mexico, Japan, the European Union, and China.
The constantly changing U.S. trade policy has frozen new investment in the U.S. and disrupted international trade.
Moreover, businesses are not sure of the level of tariffs on the imports when they arrive from foreign suppliers, adding another level of uncertainty.
Investor sentiment remained cautious amid ongoing efforts by the Trump administration to replace the Federal Reserve chairman and compromise the central bank's independence.
U.S. Stock Movers
The Coca-Cola Company decreased 1% to $69.34, and the beverage company reported better-than-expected results in the June quarter.
The beverage company lifted its annual comparable earnings per share estimate to an increase of 3% to $2.88, or comparable currency-neutral earnings growth of 8%.
The company's comparable earnings per share estimate includes a 5% currency headwind and includes the impact of hedged positions.
Lockheed Martin dropped 8% to $423.42 after the aerospace and defense company's quarterly results fell short of market expectations.
General Motors Company declined 1.8% to $52.25, and the vehicle maker reported better-than-expected quarterly results.
Revenue in the second quarter declined 1.8% to $47.1 billion from $47.9 billion, net income dropped 35.1% to $1.9 billion from $2.9 billion, and diluted earnings per share dropped 25% to $1.91 from $2.55.
The net income includes $1.1 billion in tariff-linked expenses, and the company retained its annual tariff expenses between $4.0 billion and $5.0 billion.
The company retained its adjusted earnings per share outlook to between $8.25 and $10.0.
- Barry Adams
- 22 Jul, 2025
- New York City
Stocks turned lower after closing at new record highs in the previous session as investors reviewed the fresh batch of earnings.
The S&P 500 index edged down 0.1%, and the tech-heavy Nasdaq Composite dropped 0.6% amid rising trade tensions.
The Trump administration is struggling to finalize trade agreements with key partners, including Canada, Mexico, Japan, the European Union, and China.
The constantly changing U.S. trade policy has frozen new investment in the U.S. and disrupted international trade.
Moreover, businesses are not sure of the level of tariffs on the imports when they arrive from foreign suppliers, adding another level of uncertainty.
Investor sentiment remained cautious amid ongoing efforts by the Trump administration to replace the Federal Reserve chairman and compromise the central bank's independence.
U.S. Stock Movers
The Coca-Cola Company decreased 1% to $69.34, and the beverage company reported better-than-expected results in the June quarter.
The beverage company lifted its annual comparable earnings per share estimate to an increase of 3% to $2.88, or comparable currency-neutral earnings growth of 8%.
The company's comparable earnings per share estimate includes a 5% currency headwind and includes the impact of hedged positions.
Lockheed Martin dropped 8% to $423.42 after the aerospace and defense company's quarterly results fell short of market expectations.
General Motors Company declined 1.8% to $52.25, and the vehicle maker reported better-than-expected quarterly results.
Revenue in the second quarter declined 1.8% to $47.1 billion from $47.9 billion, net income dropped 35.1% to $1.9 billion from $2.9 billion, and diluted earnings per share dropped 25% to $1.91 from $2.55.
The net income includes $1.1 billion in tariff-linked expenses, and the company retained its annual tariff expenses between $4.0 billion and $5.0 billion.
The company retained its adjusted earnings per share outlook to between $8.25 and $10.0.
- Akira Ito
- 22 Jul, 2025
- Tokyo
Japan's stock market indexes traded higher as investors returned from a three-day holiday.
The Nikkei 225 Stock Average closed down 0.3%, the broader Topix declined 0.2%, and investors reassessed the results of the Upper House election.
Of the 125 seats contested, the Liberal Democratic Party-Komeito coalition won 47 seats, and the opposition and other parties won 78 seats.
Overall, of the 248 seats in the Upper House, the ruling coalition held 122 seats, and the opposition and others controlled 126 seats.
The ruling coalition's loss in the election was widely anticipated as voters focused on domestic issues amid a high cost of living and a surge in the price of the staple food rice.
For now, Prime Minister Shigeru Ishiba is likely to hold on to his position, despite the lower house election losses in October.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 0.3% to 39,713.03, and the Topix fell 0.2% to 2,830.47.
Softbank Group gained 1.7% to ¥11,415.0, and Fujikura Ltd. advanced 3.7% to ¥8,377.0.
Vehicle makers were in focus as trade negotiations are likely to accelerate ahead of the U.S. deadline of August 1.
Toyota Motor decreased 1.2% to ¥2,484.50, Honda Motor fell 1.7% to ¥1,484.50, and Nissan Motor eased 0.6% to ¥303.60.
- Akira Ito
- 22 Jul, 2025
- Tokyo
Japan's stock market indexes traded higher as investors returned from a three-day holiday.
The Nikkei 225 Stock Average closed down 0.3%, the broader Topix declined 0.2%, and investors reassessed the results of the Upper House election.
Of the 125 seats contested, the Liberal Democratic Party-Komeito coalition won 47 seats, and the opposition and other parties won 78 seats.
Overall, of the 248 seats in the Upper House, the ruling coalition held 122 seats, and the opposition and others controlled 126 seats.
The ruling coalition's loss in the election was widely anticipated as voters focused on domestic issues amid a high cost of living and a surge in the price of the staple food rice.
For now, Prime Minister Shigeru Ishiba is likely to hold on to his position, despite the lower house election losses in October.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 0.3% to 39,713.03, and the Topix fell 0.2% to 2,830.47.
Softbank Group gained 1.7% to ¥11,415.0, and Fujikura Ltd. advanced 3.7% to ¥8,377.0.
Vehicle makers were in focus as trade negotiations are likely to accelerate ahead of the U.S. deadline of August 1.
Toyota Motor decreased 1.2% to ¥2,484.50, Honda Motor fell 1.7% to ¥1,484.50, and Nissan Motor eased 0.6% to ¥303.60.
- Li Chen
- 22 Jul, 2025
- Hong Kong
Stocks in China and Hong Kong lacked direction ahead of possible announcements after the Politburo meeting.
The Hang Seng index and the mainland-focused CSI 300 index wavered around the flatline, and benchmark indexes traded near three-year highs.
China's leaders are likely to focus on curbing "excessive" competition in solar panels, electric vehicles, and lithium batteries.
Solar panel makers are struggling with falling prices, lackluster growth in demand, and high tariffs in the U.S.
About 60 leading solar panel makers are likely to report large losses for the third year in a row, despite rising domestic and global sales.
Electric vehicle and lithium battery makers are facing stagnant sales amid intense price competition and a sharp rise in production capacity.
Moreover, investors are looking forward to possible stimulus measures to support residential properties as home prices retain a downward bias for the second consecutive year.
China Indexes and Stocks
The Hang Seng index edged up 0.01% to 24,991.34, and the mainland-focused CSI 300 index inched higher 0.2% to 4,095.28.
New Oriental Education & Technology Group decreased 4.4% to HK $37.05, but Kuaishou Technology gained 1.5% to HK $72.55.
Li Auto declined 2.4% to HK $119.90, BYD fell 2.4% to HK ¥118.0, and Xpeng eased 0.4% to $71.85.
- Li Chen
- 22 Jul, 2025
- Hong Kong
Stocks in China and Hong Kong lacked direction ahead of possible announcements after the Politburo meeting.
The Hang Seng index and the mainland-focused CSI 300 index wavered around the flatline, and benchmark indexes traded near three-year highs.
China's leaders are likely to focus on curbing "excessive" competition in solar panels, electric vehicles, and lithium batteries.
Solar panel makers are struggling with falling prices, lackluster growth in demand, and high tariffs in the U.S.
About 60 leading solar panel makers are likely to report large losses for the third year in a row, despite rising domestic and global sales.
Electric vehicle and lithium battery makers are facing stagnant sales amid intense price competition and a sharp rise in production capacity.
Moreover, investors are looking forward to possible stimulus measures to support residential properties as home prices retain a downward bias for the second consecutive year.
China Indexes and Stocks
The Hang Seng index edged up 0.01% to 24,991.34, and the mainland-focused CSI 300 index inched higher 0.2% to 4,095.28.
New Oriental Education & Technology Group decreased 4.4% to HK $37.05, but Kuaishou Technology gained 1.5% to HK $72.55.
Li Auto declined 2.4% to HK $119.90, BYD fell 2.4% to HK ¥118.0, and Xpeng eased 0.4% to $71.85.
- Barry Adams
- 21 Jul, 2025
- New York City
Wall Street indexes advanced on Monday and extended four-week-long gains amid earnings optimism.
The S&P 500 index edged up 0.6%, and the tech-focused Nasdaq Composite advanced 0.8%, ahead of a flood of tech earnings this week.
The upcoming week will focus on earnings, with approximately 150 U.S. companies scheduled to release their results.
Investors are awaiting results from Alphabet, IBM, Tesla, Intel, AT&T, Verizon, Lockheed Martin, Raytheon, Texas Instruments, ServiceNow, and Coca-Cola Company.
Last week, the two-month-long market rally got an additional boost following resilient consumer spending update, weakening jobless claims data, and strong earnings from big banks and airlines.
This week on the economic front, durable goods orders are on tap, and new and existing home sales are likely to show modest increases in the last month.
For now, investors are willing to increase exposure to riskier assets because the sharp increase in U.S. import tax has not been visible in inflation reports.
However, inflation is likely to pick up in the months ahead if businesses pass on higher tariffs to consumers.
The effective tariff rate on U.S. imports has jumped from 2.4% a year ago to close to 9% in June, and U.S. Customs collected $27 billion in tariffs compared to $7.9 billion a year ago.
In 2025, total tariff collection is likely to cross $300 billion and exceed $450 billion in 2026, sharply higher than $77 billion in 2024.
And tariff levels are still rising, potentially reaching close to 20%, meaning more pain for businesses and consumers.
U.S. Indexes and Stocks
The S&P 500 index inched up 0.6% to 6,331.45, and the tech-heavy Nasdaq Composite added 0.8% to 6,331.45.
Domino's Pizza Inc. decreased 0.6% to $465.03, despite the company delivering better-than-expected sales growth in the second quarter.
Total revenues increased 4.3% to $1.14 billion from $1.09 billion, net income decreased 7.7% to $131 million from $142 million, and diluted earnings per share declined 5.5% to $3.81 from $4.03 a year ago.
Global retail sales rose 5.6%, driven by a 5.1% increase in U.S. stores and 6.0% in international sales.
U.S. same-store sales advanced 3.4%, and international same-store sales rose 2.4%, as U.S. consumers switched to value offerings and avoided expensive dining-out options because of growing macroeconomic uncertainties.
The company announced quarterly cash dividend of $1.74 per share to shareholders on record on September 15 to be paid on September 30.
- Barry Adams
- 21 Jul, 2025
- New York City
Wall Street indexes advanced on Monday and extended four-week-long gains amid earnings optimism.
The S&P 500 index edged up 0.6%, and the tech-focused Nasdaq Composite advanced 0.8%, ahead of a flood of tech earnings this week.
The upcoming week will focus on earnings, with approximately 150 U.S. companies scheduled to release their results.
Investors are awaiting results from Alphabet, IBM, Tesla, Intel, AT&T, Verizon, Lockheed Martin, Raytheon, Texas Instruments, ServiceNow, and Coca-Cola Company.
Last week, the two-month-long market rally got an additional boost following resilient consumer spending update, weakening jobless claims data, and strong earnings from big banks and airlines.
This week on the economic front, durable goods orders are on tap, and new and existing home sales are likely to show modest increases in the last month.
For now, investors are willing to increase exposure to riskier assets because the sharp increase in U.S. import tax has not been visible in inflation reports.
However, inflation is likely to pick up in the months ahead if businesses pass on higher tariffs to consumers.
The effective tariff rate on U.S. imports has jumped from 2.4% a year ago to close to 9% in June, and U.S. Customs collected $27 billion in tariffs compared to $7.9 billion a year ago.
In 2025, total tariff collection is likely to cross $300 billion and exceed $450 billion in 2026, sharply higher than $77 billion in 2024.
And tariff levels are still rising, potentially reaching close to 20%, meaning more pain for businesses and consumers.
U.S. Indexes and Stocks
The S&P 500 index inched up 0.6% to 6,331.45, and the tech-heavy Nasdaq Composite added 0.8% to 6,331.45.
Domino's Pizza Inc. decreased 0.6% to $465.03, despite the company delivering better-than-expected sales growth in the second quarter.
Total revenues increased 4.3% to $1.14 billion from $1.09 billion, net income decreased 7.7% to $131 million from $142 million, and diluted earnings per share declined 5.5% to $3.81 from $4.03 a year ago.
Global retail sales rose 5.6%, driven by a 5.1% increase in U.S. stores and 6.0% in international sales.
U.S. same-store sales advanced 3.4%, and international same-store sales rose 2.4%, as U.S. consumers switched to value offerings and avoided expensive dining-out options because of growing macroeconomic uncertainties.
The company announced quarterly cash dividend of $1.74 per share to shareholders on record on September 15 to be paid on September 30.
- Barry Adams
- 18 Jul, 2025
- New York City
Wall Street indexes scaled new highs on Friday and extended weekly gains, following a string of positive earnings.
The S&P 500 index inched higher 0.2%, and the tech-focused Nasdaq Composite advanced 0.3%, as investors remained sharply focused on the fresh batch of earnings.
American Express, Netflix, Interactive Brokers, and 3M reported stronger-than-expected quarterly reports, supporting the eight-week rally.
For the week, the S&P 500 index increased 1%, and the Nasdaq Composite inched higher 1.8%, after big banks reported strong quarterly results and economic data confirmed a resilient labor market and consumer spending.
U.S. Stock Movers
Netflix Inc. decreased 2.5% to $1,242.50 despite the streaming media company's quarterly results surpassing market expectations.
Consolidated revenue in the quarter increased 16% to $11.1 billion from $9.6 billion, net income jumped to $3.1 billion from $2.1 billion, and diluted earnings per share rose 47% to $7.19 from $4.88 a year ago.
Netflix estimated annual revenue to range between $44.8 and $45.2 billion, compared to the previous range between $43.5 and $44.5 billion.
Norfolk Southern Corp. jumped 4.4% to $281.73 on speculation that the company is likely to be a takeover target of Union Pacific.
The Wall Street Journal reported the possible deal, citing people familiar with the acquisition talks.
Union Pacific Corp. jumped 0.4% to $228.31.
Interactive Brokers Group advanced 5.5% to $62.70, and the online brokerage services provider's revenue and profit surpassed analysts' expectations.
Total net revenue in the second quarter increased to $1.5 billion from $1.2 billion, net income advanced to $224 million from $179 million, and diluted earnings per share increased to 51 cents from 41 cents a year ago.
3M Company advanced 3.1% to $164.0, and the diversified conglomerate raised its annual outlook and reported better-than-expected quarterly results.
The company raised its full-year earnings outlook to a range between $7.75 and $8.0, adjusted total sales growth of about 2.5%, and operating cash flow between $5.1 billion and $5.5 billion.
Net sales increased 1.4% to $6.34 billion from $6.25 billion, net income fell to $723 million from $1.2 billion, and diluted earnings per share decreased to $1.34 from $2.07 a year ago.
American Express decreased 0.3% to $314.50, and the financial services provider reported better-than-expected quarterly results.
Total revenue adjusted for credit losses in the second quarter increased to $16.45 billion from $15.05 billion, net income edged down to $2.85 billion from $2.97 billion, and diluted earnings per share fell to $5.40 from $4.15 a year ago.
"We saw record Card Member spending in the quarter, demand for our premium products was strong, and our credit performance remained best in class.
Based on our strong performance year to date, we are reaffirming our full-year guidance for revenue growth of 8 to 10 percent and EPS of $15.00 to $15.50," Chairman and Chief Executive Stephen J. Squeri.