Friends As expected, the Fed lowered the Fed Funds rate by a quarter of a percent today. Also, as expected, the market had already priced it in. Whether needed or not (that’s a whole other debate), the rate cut and the subsequent press conference did not bring comfort to...
Friends Despite descent numbers on housing, an extremely robust consumer confidence number, and more stable earnings reports (see P&G), stocks continue to trade cautiously before tomorrow’s Fed decision. Most every market participant roaming the street expects the FOMC meeting to conclude with a quarter of a point rate cut...
Friends As the street awaits the FOMC meeting which begins tomorrow and finishes with the statement on Wednesday afternoon, we once again have a busy week of earnings. This week we’ll see reports from Apple, Altria, Amgen, Cummins, Procter & Gamble, Conoco Phillips, Dunkin Brands, Kellogg, Exxon Mobil and...
Friends Despite a slight earnings miss by Amazon, there were many other good earnings releases, not the least of which was Alphabet’s, which helped push market averages to new all-time highs. Today’s GDP number, which showed 2.1% growth in the 2nd quarter, was actually a little better than expected,...
Friends The earnings keep coming and stock market participants continue to display mixed emotions about them. After the close today we get earnings from both Amazon and Alphabet (Google), so that should be interesting. As for today, stocks spent the day in negative territory with the Dow Jones Industrial...
Friends With components Caterpillar and Boeing (for obvious reasons) dropping the ball with regards to their earnings reports this morning, the Dow Jones Industrial Average spent the day in negative territory. But, both the S&P and the Nasdaq were able to post healthy gains despite the disappointment of the...
Friends There were several interesting earnings beats and raised forecasts from corporate America this morning including Coca Cola, Kimberly Clark (both staples), and Lockheed Martin. These positive results helped stocks get off to a nice start today, and as the trading session wore on more buyers appeared. Though we...
Friends Buckle up. This is a big week for corporate earnings as we’ll hear from Amazon, Alphabet (Google), Facebook, Travelers, Caterpillar, Lockheed Martin, Kimberly Clark, Harley Davidson, United Technologies, Coca Cola, AT&T, Boeing, Ford, 3M, Intel, McDonald’s, and Colgate-Palmolive- just to mention a few. Then we’ll have another big...
Friends Jim is out of the office this afternoon, here are how the markets ended. For the day, the Dow Jones Industrial Average was down 68 points to finish the day at 27,154. The S&P 500 was down 18 points to close at 2,976. Gold was down $1.50 to...
Friends Jim is out of the office this afternoon, here are how the markets ended. For the day, the Dow Jones Industrial Average was up 2 point to finish the day at 27,222. The S&P 500 was up 10 points to close at 2,995. Gold was up $26 to...
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