-
Mostly Strong Results For Big Banks, And J&J Another Solid Earnings Performer
Tuesday, July 16, 2019 - 10:06am | 2102Read More...Big banks continue to grow their profits, but the initial market reaction to earnings from JPMorgan Chase & Co (NYSE: JPM) and Goldman Sachs Group Inc (NYSE: GS) looks mixed early Tuesday. Both of the banks easily beat earnings per share estimates, but that included tax credits and other...
-
Tuesday's Market Minute: Prime Day: The New Black Friday
Tuesday, July 16, 2019 - 9:57am | 328Read More...When Amazon.com, Inc. (NASDAQ: AMZN) launched Prime Day in 2015, the e-commerce giant changed online shopping like no company before. Four years later, other mega retailers have decided to benefit from the now two-day summer sale that boosts Amazon’s bottom line as well as traffic to its...
-
Earnings Season Starts With Beat From Citigroup; Other Banks, Netflix Report Later In Week
Monday, July 15, 2019 - 10:24am | 2862Read More...Earnings season shifted into first gear Monday as Citigroup Inc (NYSE: C) posted better than expected results and saw shares rise in pre-market trading. A host of bank earnings take aim at Wall Street over the next few days, but this looks like a nice way to start the journey. Citigroup’...
-
Monday's Market Minute: Earnings Season Kick-Off!
Monday, July 15, 2019 - 9:52am | 271Read More...Citigroup (NYSE: C) reports earnings this morning and unofficially kicks off earnings season. Financials lead the major sectors reporting quarterly results this week with a few blue chip names also in the mix. The major indices hit record levels last week, so investor expectations are bullish...
-
Stock Market Eyes Records On Dovish Commentary From Federal Reserve
Friday, July 12, 2019 - 10:17am | 1330Read More...In this information age, there are many ways to stay in touch with what’s going on. And this week, the market seems to have gotten its latest sense of direction on the wings of a dove. Specifically, dovish commentary from Fed Chair Jerome Powell this week that reinforced expectations of a...
-
Friday's Market Minute: Big, Round Numbers
Friday, July 12, 2019 - 10:05am | 305Read More...July started off with a bang for equities, with three of the four major index futures reaching new all-time highs. S&P futures closed above the 3,000 level for the first time yesterday, cruising into another fresh peak in the overnight session above 3,012 before pulling back. Dow futures,...
-
Big Bank Results Seen Strong As Executives Manage Through Challenges
Thursday, July 11, 2019 - 3:36pm | 1636Read More...In many ways, things still seem stacked against big banks as earnings season approaches. Mortgage rates continue to fall and the Treasury yield curve remains inverted. U.S. and global economic growth haven’t bounced back much. Also, banks face tough year-over-year earnings comparisons in Q2...
-
Thursday's Market Minute: Today's Driving Forces Are Fed Chair Jerome Powell And The CPI
Thursday, July 11, 2019 - 9:44am | 307Read More...As we head into day two of Jerome Powell’s testimony on Capitol Hill, the focus will shift from Fed dovishness and expectations for a rate cut later this month to inflation figures due out today and tomorrow. Yesterday, Powell in comments to the House stated, “uncertainties around trade...
-
What Gloomy Earnings? Communications Services Sector Could Top All S&P Components In Q2
Wednesday, July 10, 2019 - 12:16pm | 1336Read More...There’s a lot of doom and gloom hanging over Q2 earnings for most of the S&P 500’s 11 sectors, but the Communications Services sector, with quarterly numbers ready to roll out in coming weeks, isn’t among them. Thanks to a still considerably healthy job market, mostly...
-
Wednesday's Market Minute: Mr. Powell Goes To Washington
Wednesday, July 10, 2019 - 11:06am | 393Read More...With the biggest market event of the summer just a little over two weeks away, traders and investors remain fixated on Jay Powell and the Federal Reserve. Despite the bond market’s near-perfect pricing of a July interest rate cut, keen observers were reminded this past week that those chances...
-
Single Households Are On The Rise. Could This Be The Next Investing Trend?
Tuesday, July 9, 2019 - 1:06pm | 1137Read More...When we think of the typical American consumer, we often think about someone who’s part of a family. Our thoughts drift toward the “regular” middle-class family with two parents and two kids. That image, however, is changing. The United States is undergoing something of a...
-
Gasping For Energy: Sector Tries To Mount Q2 Earnings Recovery
Tuesday, July 9, 2019 - 10:42am | 1620Read More...After a rough Q1 earnings season for many major Energy sector companies, it looks like things are slowly turning around as the next reporting period looms. However, the sector continues to sputter amid soft product prices that may reflect slowing global economic growth. The operative word might be...
-
Tuesday's Market Minute: Apple Bitten To The Core
Tuesday, July 9, 2019 - 9:47am | 190Read More...Apple's stock fell over 2 percent Monday as multiple bad news blows hit the company: Rosenblatt downgraded the stock to sell from neutral, citing estimates that iPhone sales would drop in 2H19, and VirnetX won a patent appeal case against the company, which could lead to a substantial payout....
-
With Expectations For Big Fed Rate Cut Tempered, Market Sentiment Is Subdued
Monday, July 8, 2019 - 10:49am | 1389Read More...The Fed is in focus this week as investors continue to digest bumper jobs data that dampened expectations for an aggressive 50-basis-point rate cut at the central bank’s meeting later this month. While the market still expects a cut of 25 basis points, the scaled back outlook has dampened...
-
Despite Big Market Gains, Technology Sector Expected To See Q2 Earnings Drop
Friday, July 5, 2019 - 10:47am | 1594Read More...Technology is the second-best performing sector over the last month, but that doesn’t necessarily mean it’s going to blow people away with Q2 earnings results. Since the start of June, Technology shares are up nearly 7%, better than any sector besides Materials. Strong Technology...
















