Friends More good earnings reports and more good economic data couldn’t move stocks higher today as traders seem to be hesitant to put new money to work at these levels. On the other hand, market participants seem comfortable with what they do have in the markets. We sure aren’t...
Friends It’s been a fascinating couple of days for big name growth earnings which will culminate in Amazon’s release after the close. Google, Microsoft, Facebook and Apple have all had fantastic earnings, but the share price reactions have been mixed. Apple is the most fascinating to me. They absolutely...
Friends Well, after the close yesterday both Google and Microsoft released very strong earnings reports. Google shares went up and Microsoft shares went down. Always interesting to see how much was priced into these earnings releases. Today we get both Facebook and Apple after the close. Then on Thursday...
Friends It was another quiet day of trading as market participants wait for a bevy of big tech earnings and the results of an important Fed meeting. We’ll get the Fed’s decision on rates (there will be no change) and the statement tomorrow afternoon. That will be followed by...
Friends It was a tentative day of trading as market participants brace themselves for an avalanche of earnings reports. We get a look at Tesla’s earnings after the closing bell today and then a plethora of important companies will be reporting as the week unfolds. As for today, by the...
Friends Stocks rebounded from the “capital gains tax shocker” to recover most of yesterday’s losses. Of course, yesterday’s news on taxes from the President wasn’t really a shocker. We all know that it is likely that taxes are going up. The only question is when and how much....
Friends As corporate earnings reports begin to rollout, we are simultaneously seeing a little weakness in the market averages. Today we saw strength in the staples and pharmaceuticals, but most everything else was mainly left behind. Early returns have basically been good, but as we always wonder, how much...
Friends The bulls continue to dominate the action on the field, pushing the market averages higher on what seems like a daily and weekly basis. Some of today’s winners are tied to the incredible housing boom we are seeing across the country. The builders, the materials needed to...
Friends It was another good day for the market averages, though not every sector participated in the advance. Today’s winners were the big tech names and basically growth in general. The recent favorites- banks, industrials and energy all were sources of funds for traders. But, the rotation that...
Friends It was a mixed trading session today, with the Dow hanging onto small gains while the S&P and the Nasdaq struggled. The big growth winners from last year experienced the most selling pressure today. We saw good earnings from a handful of big banks as Goldman, J P...
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