Friends Stocks did little today on this last day of October. Volatility was almost non-existent as traders continue to sort through the plethora of earnings releases. Speaking of earnings, this is another busy week which will be highlighted by reports from Facebook...
Friends Stocks recovered after yesterday's softness, as despite the occasional "sell on the good news", earnings reports continue to be good. We will get a look at Amazon, Google, Microsoft, Intel and others after the closing bell today, which will likely set the...
Friends It was a difficult day for stocks, as even companies with good earnings reports like Boeing saw selling pressure. The uptick in interest rates seems to be spooking the markets, as at least one well known bond guru is predicting that the end of the decades...
Friends At first glance, and business news headlines might lead you to believe, it was a really good day for stocks. Well, it was a really good day for a few stocks that inhabit the Dow Jones Industrial Average (30 stocks), namely 3M, Caterpillar and McDonalds- all...
Friends Traders seemed a little tentative during today's trading session as we enter the most active week of the earnings season. We mentioned last week all the different companies that report this week, so we'll get a good cross section of results from different...
Friends If a stock you own stumbles a bit after the company's earnings release, don't worry- a day or two later, or perhaps even that same day (see General Electric) the stock price will come right back up. Of course, I'm being facetious but it appears that nothing...
Friends It was quite a day for stocks. After a triple digit decline for the Dow, led by a downturn in Apple shares due to rumored weakness of sales for the iPhone 8 and concerns of China's overvaluation, stocks spent the rest of the session climbing out of negative...
Friends Led by the massive advance of the shares of Dow component IBM, the industrials smashed through the 23,000 level with ease. The rest of the market's move was somewhat muted, but nevertheless we continue to climb higher. It's only a small sample size, but...
Friends Stocks took a peek above the 23,000 mark on the Dow, retreated a bit, then made a final push but came up just a hair short. It was a juicy day for earnings, starting with Netflix yesterday after the close then stellar reports from J&J, Morgan Stanley and...
Friends As the media reminds us, this week is the 30th anniversary of the 1987 stock market crash. Of course it was on Monday October 19, 1987, which came to be known as Black Monday. I've often told you of my remembrances of that day as I was then in my 3rd year at...
Friends Stocks were a bit soft today as earnings season kicked off with a couple of large banks reporting. Both JP Morgan Chase and Citigroup had fine earnings reports, but the shares of both banks ended down for the trading session. This is what I have been...
"Admittedly, we are a bit nervous as we enter this coming earnings season, as many stocks appear to be priced for perfection." Click the link below to read our full comments. 2017 4th Quarter Outlook
Friends It was a little sloppy, but when all was said and done it was a pretty good day for stocks. Retailers in general had a good showing led by Walmart and their enormous stock buyback announcement. The pattern has been when retailers go up then Amazon goes down...
Friends Stocks showed a little sign of nerves during today's trading session as we look to enter the latest earnings season. Indeed, shares are somewhat priced for perfection, so any disappointments will likely be greeted by a hostile reaction. With the bond market...
Friends Stocks took a breather today on the heels of the distorted non-farm payroll number. Because of the effect from the storms the economy lost 33,000 jobs in September, many in the service sector including restaurant workers. The unemployment rate did actually...
