Friends
It’s a big earnings week with Google (Alphabet) announcing their earnings after the close today and Apple after the close tomorrow. Google shares posting new all-time highs today would seem to be in a precarious position going into the release, while Apple has also had quite an advance so far in 2019. It will be interesting to see if those stocks are fully pricing in good news, or can the companies exceed expectations enough to actually push shares higher?
As for today, things were mainly quiet, and by the close the Dow Jones Industrial Average was up 10 points to finish the day at 26,554. The S&P 500 was up 3 points to close at 2,943. Gold was down $6 to trade at $1,282 per ounce, while oil was up $.32 to trade at $63.62 per barrel WTI.
Earnings are front and center at the moment, just at the moment stocks are touching all-time new highs. A bit of a high bar for Corporate America to clear just when things were supposed to be getting more difficult for them. Should be an interesting week. Stay tuned.
Jim
