Friends Buckle up, we have four big earnings releases after the closing bell today- Microsoft, AMD, Google, and Starbucks. We will surely see some interesting price movement in those behemoths. Are they priced for perfection? Then tomorrow afternoon we get the results of the January FOMC meeting. We...
Friends Stocks were mixed on the final trading session of the week as investors prepare for the onslaught of earnings that will be coming at them next week. We’ll be hearing from the likes of Microsoft, Apple, Amazon, Meta (Facebook), Alphabet (Google), Starbucks, Merck, Pfizer, Clorox, AbbVie, GM,...
Friends Holy moly, today’s first look at 4th quarter 2023 GDP was quite a shock as it showed the economy grew at 3.3% vs. the expected 2% that economists were predicting. Also, personal consumption was up 2.8% vs. the 2.5% expected, while the Core PCE (personal consumption expenditures) Price...
Friends Netflix’s earnings after the close yesterday helped fuel a Nasdaq rally at the open, but as the trading session wore on things moderated some but still had an upward tilt. Once again, as we have seen in years past, we are seeing a separation of big growth...
Friends It’s earnings season and there appears to be a dog in the Dow almost everyday (Boeing the leader in the clubhouse and United Healthcare recently), and today the honor goes to 3M. Fortunately, Procter & Gamble and Verizon were two Dow components that produced good results. Broader...
Friends Though it may not be as broad based as the bulls would like, stocks as measured by the market indexes moved higher once again today. It appears that the bulls have gotten the band back together with last year’s large growth names leading the way higher in...
Friends I had to laugh. I have been whining about the poor start to the year for stocks and in two days we are back to hitting new all-time highs. Talk about fake news and misinformation. I’m throwing the yellow flag on myself. Anyway, so much for the...
Friends A buy recommendation on Apple from Bank of America helped stoke a little rally today and the biggest beneficiary was the Nasdaq. The bulls were looking for something to build on and today’s action might help give them some traction. At the very least, a nice day...
Friends It was another difficult day for stocks and that has become the theme for the first month of 2024. Interestingly though, despite stocks moving lower over the past couple of weeks it has been very orderly and calm. Is that a good thing? Well, for now it...
Friends Stocks continue to struggle early in 2024. Earnings season is sure to expose some warts but some of the problems are headline grabbing like the ones Boeing seem to have constantly. The Dow had some winners today, namely Home Depot, Goldman Sachs, Disney and Microsoft, but when...
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