Good morning, Follow the money is a line in the 1976 movie All the President’s Men, which has become a catchphrase, generally meaning that things can be uncovered or explained by examining and tracing the movement of money. To explain the movement in the stock market of late, rather than following the money, one should follow the tweets. Last week’s …
Good morning, Normally at this point in the year we are talking about surprising earnings numbers (either good or bad) being the primary focus and driver of the market, but the big story from last week involved different numbers – namely, the April Jobs Report, which came in stronger-than-expected. The Department of Labor reported Friday that the U.S. economy added …
Good morning, We are in the heart of earnings season and EPS (earnings per share) are coming in better-than-expected so far. With 46% of the companies in the S&P 500 having already reported results for the first quarter of 2019, 77% have reported earnings above estimates, which is above the five-year average, according to data from FactSet. Keep in mind …
Good morning, We hope you all enjoyed the holiday weekend. Investors got the chance to recharge for a busy week of earnings, as over 140 S&P 500 companies are set to report in the week ahead. Companies scheduled to report include Halliburton, Lockheed Martin, Amazon,Boeing, Coca-Cola, United Technologies, Microsoft, AT&T, Visa, Facebook, Intel, Starbucks,Caterpillar, 3M, Ford Motor, United Parcel Service, …
Good morning, Earnings season kicked off last week, and JPMorgan Chase took center stage, rising over 4% after it reported better-than-expected earnings and revenues. Another stock in the spotlight last week was Walt Disney Co, which rose over 11% on Friday, although that was because it announced a new streaming service, and not due to earnings. Fastenal shares hit a …
Good morning, Stocks posted solid gains last week, lifted by hopes for a trade deal and a better-than-expected U.S. jobs report. Chinese Vice Premier Liu He said a “new consensus” had been reached in trade negotiations between the US and China, according to official state news website Xinhau, and this lifted investor sentiment. Investors were also encouraged by the March …
Good morning, The Standard & Poor’s 500 Index finished the first quarter of the year with a gain of 13.1%, its best quarterly performance in almost a decade. The Dow Jones Industrial Average rose 11.2% for the quarter, while the NASDAQ Composite jumped 16.5%. Two major factors driving the strong quarterly performance were the Federal Reserve Bank’s reversal of policy …
Good morning, Stocks were pulled in different directions late last week. The market rallied after the Federal Reserve made it abundantly clear they are now dovish (accommodative) and that they are unlikely to raise interest rates at all this year. Things reversed Friday however, with stocks posting their worst day in over 2 ½ months (the Dow dropped 460 points), …
Good morning, Retirement means different things to different people – stopping work to relax, or to play hard, finding satisfaction from volunteering, or leaving work to care for a loved one, are just some examples. Whatever the case, retirement comes with multiple risks, including market risk, inflation risk, healthcare risk, long-term care risk, longevity risk (the risk of outliving your …
Good morning, Clocks recently sprang ahead for daylight saving time, but stock prices fell back. Stocks were down every day last week, and the major averages all ended down over 2% for the week. This snapped the NASDAQ Composite’s 10-week winning streak, and gave the Dow (only) its second weekly loss of the year. Weighing on the market were things …
