Friends Earnings season is upon us. We had a couple more banks report today, Citi and Goldman Sachs, the latter coming up a bit shy of expectations and contributing to the weakness in the Dow today. But as the week rolls on we’ll hear from J&J, Pepsico, IBM, Bank...
Friends A nice earnings release from a Money Center bank, a surge in Disney and a big deal in the oil patch gave stocks a nice boost this morning and the market averages were able to hold onto their gains throughout the trading session. JP Morgan Chase had a...
Friends It appears that market participants were busy watching coverage from the Masters today, as stocks did little more than drift aimlessly for the entire trading session. On the economic front, the Producer Price Index was a little hotter than expected, while the weekly jobless claims was better than...
We’ve attached the 2nd quarter outlook below. Hope you enjoy. Let us know if you have any questions or comments.
Friends Market participants waited breathlessly for the Fed Minutes today (not really), as stocks just drifted aimlessly until the release. Not much changed after the release as stocks tilted quietly to the upside until the close of the session. Basically, the Fed minutes indicated that most of the Fed...
Friends It was a difficult day for stocks as early morning weakness turned into a day-long affair. Though Boeing was under selling pressure once again, the decline was broad based as technology shares, industrial shares and even banks all showed signs of weakness. The big banks will kick off...
Friends The Dow weighed down by the drop in price of shares of Boeing showed losses today, but the rest of the market had an upward tilt to it. Investors are aware that we are heading into difficult earnings season but for the moment don’t seem to upset about...
Friends The jobs number was a little better than expected with 196,000 new jobs created in March, but not so strong as to cause concern among market participants that the Fed might be tempted to rethink their dovish stance. The unemployment rate remained at 3.8%, while average hourly earnings...
Friends Stocks were mixed today with the Dow firmly to the upside buoyed by gains in shares of Dow components Boeing, Dow Chemical, and Disney. The rest of the market was mostly quiet with the S&P up slightly and the Nasdaq down a bit. On the economic front the...
Friends The “a china deal is close” rallies have become more and more anemic over the past several weeks. Nevertheless, stocks still appear to have an upward tilt to them. This morning’s ADP private payroll number came in lighter than expected with 129,000 new jobs added in March vs....
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