Archive for category: Market Commentary

Earnings In Focus

Friends Stocks drifted aimlessly for most of today’s trading session, but things should heat up after the closing bell when we get earnings releases from Alphabet (Google), Amazon, Intel, Microsoft and Starbucks – just to name a few.  Tomorrow morning we get GM, Exxon Mobil and Chevron. As for...

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Stocks Add To Yesterday’s Gains

Friends Despite the Trump administrations tough stance on lumber tariffs with Canada, stocks enjoyed another nice day. The bulls ignored any trade war signals and focused on good earnings reports from industrial giants Caterpillar and 3M as well as fast food king McDonalds. Remember, we expect this to be...

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Stocks Pop On French Results

Friends Investors seemed very pleased that the French election ended in a runoff between the moderate Emmanuel Macron and the right wing candidate Marine Le Pen. The feeling is that the moderate Macron should pick up votes from the vanquished candidates and easily beat Le Pen in the runoff....

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IBM Sets Negative Tone

Friends Earnings season claimed another victim today as shares of IBM, “big blue”, led the Dow Jones Industrial Average lower. After a less than stellar report IBM single handedly had the Dow trading in negative territory from the open and the market averages weakened throughout the trading session. Despite...

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Market Takes Some Back

Friends The market giveth, and the market taketh away. After yesterday’s nice gains for stocks, a couple of earnings reports, namely Goldman Sachs and J&J set the tone for a down day. Goldman, was the main culprit as their dip accounted for a large portion of the drop in...

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