Friends Despite a stellar earnings report from Apple, soft economic data and a little “sell on the news” attitude helped send stocks lower today after yesterday’s Fed induced rally. Given the run up in the market averages we saw leading into the Fed decision, it’s not...
Friends Stocks took a little bit of breather today, and given the confusing China trade deal headlines and the anticipation/concern about the FOMC announcement tomorrow, it wasn’t really a surprise. On the earnings, both Merck and Pfizer impressed, while engine maker...
Friends As we prepare for a very busy week that will include a full calendar of corporate earnings, a Fed meeting which might result in a Fed Funds rate cut, and a full calendar of economic releases, stocks pushed to record all-time highs for the S&P 500 in...
Friends While individual stocks continue to be whipsawed by earnings releases, the market averages continue to climb towards new all-time highs. Even after the negative reaction to the shares of market giant Amazon after its earnings release, stocks stayed firm and...
Friends More earnings and more mixed reactions. Stocks spent parts of the trading session in both positive and negative territory, as shares of 3M weighed on the Dow while Microsoft’s shares gave the market average a boost. It has certainly, so far, been an earnings...
Friends A couple of industrial giants, Caterpillar and Boeing both had “difficult” earnings reports. Amazingly, the shares of both companies ended higher for the day. Once again, as we always say, the actual report is less important than the perception and...
Friends Despite Dow component Boeing’s attempt to drag stocks down, the market averages worked hard to produce decent gains on this first day of a very busy earnings week. Yes, Boeing continues to struggle with the 737 Max story, but corporate earnings should set the...
Friends Stocks were trying to hang in there today, but the weight of Boeing and Johnson & Johnson on the Dow finally forced the index to tumble decisively lower. Both of the blue chip names were dealing with special legal situations and nothing really earnings...
Friends Not surprisingly, after yesterday’s earnings driven rally, stocks took a bit of a breather today after a somewhat disappointing retail sales number was released before the opening bell. As mentioned, we are just getting started with regards to earnings reports...
Friends Earnings season has begun, and by all measures it’s off to a pretty nice start. We got positive numbers from Johnson & Johnson and United Healthcare, and the banks led by J P Morgan Chase and Citigroup also provided a catalyst to the market. Dow component...
Friends Enthusiasm for last Friday’s trade deal news cooled some today as the bulls took their foot off the accelerator, and stocks drifted mainly in negative territory for most of the trading session. It is likely that market participants will be switching their...
Friends Stop the presses. There’s a trade deal with China. Well, maybe there’s the makings of a trade deal with China. Wait, hold on, it appears that there might be something we can call a trade deal with China. My head hurts. Wait, we have a “substantial phase one...
Friends Stock futures freaked out last night when reports of the trade talks breaking down sent those futures decisively lower, but within a short period of time those reports were somewhat dismissed and stocks looked only slightly negative at the open of trading this...
Friends Continuing the "let's follow the headline" pattern; stocks had a nice bounce back rally today based on a more favorable tone on trade talks. I know, it seems to change on an hourly basis, but until we immerse ourselves in corporate earnings season, this is...
Friends Maybe the trade talks will go well- stocks go up. Maybe the trade talks won’t go so well – stocks go down. That pretty much describes the trading action today. Stocks began the day in the red, but hope of fruitful trade talks had the Dow and the S&P back...
