Friends I mentioned yesterday that Google (Alphabet) was going to announce earnings after the close and that the risk was that the shares had just risen to new all-time highs. Well, combine a disappointing earnings release with a stock that was sitting at all-time highs and you get a...
Friends It’s a big earnings week with Google (Alphabet) announcing their earnings after the close today and Apple after the close tomorrow. Google shares posting new all-time highs today would seem to be in a precarious position going into the release, while Apple has also had quite an advance...
Friends At first blush, our first look at 1st quarter GDP was a bit of an eye opener. The economy grew at 3.2% in the 1st quarter which was quite a bit better than the 2.5% that analysts were expecting. But, after further analysis the bears among us noticed...
Friends It was quite a wide range of reactions to earnings releases today with Facebook and Microsoft having banner days, while 3M had a miserable earnings release and an equally miserable share price reaction. Pretty much par for the course this earnings season. Sure, there are segments of the...
Friends Today was a little more difficult for those releasing earnings with Caterpillar and AT&T both struggling while Boeing’s problems produce a more mixed result for its shares. In total the earnings releases that we have seen so far have us just slightly off of last quarter. Surely, not...
Friends We got some more, better than expected earnings releases this morning including Coca Cola, United Technologies, Lockheed Martin and Procter and Gamble. Most stocks are reacting well to the positive earnings numbers, with P&G being the exception today. So, it appears that earnings are coming in better...
Friends Earnings season rolls out in force this week and next, but stocks seem rather uninterested to this point. We had a tasty earnings beat from Kimberly Clark this morning, and its shares rose nicely, but the market averages spent the entire trading session drifting in mixed directions. By...
Friends Jim is traveling today, here are how the markets ended. For the day the Dow Jones Industrial Average was up 110 points to close at 26,559. The S&P 500 was up 4 points to finish the day at 2,905. Gold was down a fraction to trade at $1,276...
Friends More earnings reports and more mixed reaction. For instance, PepsiCo had a wonderful earnings release and the shares went up nicely during the trading session. Netflix stumbled a bit as did its shares for most of the trading session. IBM once again disappointed and IBM shares also had...
Friends Today’s earnings releases produced a mixed bag of share price reactions. Johnson & Johnson had a very nice earnings beat and for the most part the stock reacted positively. United Healthcare had what looked like a nice earnings scorecard but the shares, after rallying initially, spent the day...
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