Earnings Data: Garmin and CVS | Stock Market Analysis

Garmin Raises Dividend, Stock Price Surges 16%

Assistant Director Megan Higgins has the market analysis for Wednesday, February 20. Major U.S. stock indexes once again rose slightly, with the Dow Jones Industrial Average and S&P 500 up 0.2% and the NASDAQ gaining fractionally. CVS’ stock fell more than 8% after the company issued downbeat 2019 projections as it continues to struggle with rising costs and its 2015 Aetna takeover. Garmin, on the other hand, saw a 16% stock price surge on strong fourth-quarter earnings (propelled by the company’s outdoors and fitness products) and an 8% dividend increase.

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