Friends This morning we had more earnings reports from retailers and we had similar responses to the numbers as we had yesterday. Both Lowe’s and TJ Maxx had nice numbers and their shares moved nicely higher after the release. But Target’s shares like Walmart’s...
Friends Buoyed by a strong retails sales number and good earnings reports from a couple of the country’s largest retailers, stocks posted decent gains for the trading session. Both Walmart and Home Depot had very good earnings numbers though Walmart’s...
Friends It was a somewhat unenthusiastic day of trading with the market averages doing very little throughout the trading session. Last week was all about the inflation story. This week we are going to get a good look at how retailers are doing as we head into...
Friends Despite all of the hand wringing over the inflation numbers and today’s awful consumer sentiment data, stocks managed to avoid too much damage for the week. We’ve used the term resilient for some time now when referring to the stock market and this week...
Friends Market participants still seem to be trying to determine how they want to position portfolios given the inflation pressures that are being felt in the economy. Interestingly, the tech heavy Nasdaq was the winner today, despite growth stocks being...
Friends 6.2%. That was the year over year rise in inflation that today’s CPI number revealed. It is the largest increase in inflation that we have seen in more than 30 years. Month over month, the index rose .9% which was more than had been expected. Bonds,...
Friends It was a profit taking trading session right from the opening bell this morning, and after the move higher we have had in the past several weeks that is certainly not surprising. Stocks have made new highs day after day so a little pause could actually...
Friends Despite disappointing numbers from Apple, Amazon and Starbucks (and especially with the first two the word “disappointing” could certainly be debated) stocks held strong on this final day of trading of the month. October was a good month for stocks...
Friends Today’s third quarter GDP number showed that the economy grew at 2%. We seem to be falling back towards the growth numbers we had seen before the pandemic hit. Unfortunately, we have a whole lot more inflation than before the pandemic hit. Despite all...
Friends It was a day of mixed results both in the market averages and corporate earnings reports. Google and Microsoft both seemed to pass the test and their shares moved higher in the trading session. But recent leaders, financial and energy shares both...
Friends Stocks continue to be buoyed by good earnings numbers as the majority of companies that have reported in the past couple of weeks are beating expectations. We’ll get numbers from a couple of big names after the close today, Alphabet (Google) and...
Friends It was a solid day for stocks with the market averages holding in positive territory throughout the trading session. Tesla was the big winner helping the S&P and Nasdaq move higher. It will be a very busy week of earnings as we have pointed out....
Friends It was a mixed bag for stocks today. Snap’s disastrous earnings report after the close yesterday set a negative tone for the Nasdaq as we entered trading today. Apple’s privacy protocols apparently are affecting digital advertisers who get blocked. We...
Friends The Dow spent the entire trading session in negative territory (weighed down by IBM), but almost made it back to break even by the close. The S&P and Nasdaq on the other hand were able to post gains for the day. Market participants are monitoring...
Friends It was another very quiet day of trading. We had a little bounce at the open and basically treaded water for the rest of the trading session. Earnings continue to be pretty decent and the share price reactions have been a little different this quarter....
