Earnings Parade Continues

Friends 

It was another good day for stocks, but not all stocks participated in the advance. Yes, earnings numbers continue to impress as Google, Lockheed Martin, Verizon and others all exceeded expectations with their earnings releases, but the likes of Whirlpool and Harley Davidson did stumble as tariff issues begin to become a factor. 

By the close, the Dow Jones Industrial Average was up 197 points to finish the day at 25,241. The S&P 500 was up 13 points to close at 2,820. Gold was down $1 to trade t $1,225 per ounce, while oil was up $.57 to trade at $68.46 per barrel WTI. 

Though a few have missed, the overwhelming evidence is that corporate earnings are strong. Even, recently challenged industrials had a good day with the likes of Caterpillar, Deere, Emerson and Honeywell all participating to the upside. Let’s keep watching the earnings parade as it passes by this week. 

Have a nice evening everyone.

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