Review Of Disney, Chipotle, Twitter, & Uber’s Earnings
Disney Earnings Beat Estimates (Top & Bottom Line) Earnings reports come fast and furious during earnings season. Let's review a few of them. Disney reported results on Tuesday. It had EPS of $1.53 with beat estimates by 9 cents. Revenues of $20.79 billion beat estimates by $70 million. Disney stock fell 2.32% on Wednesday because…
Job Cuts Spike, But Jobless Claims Fall
Solid MBA Applications MBA applications composite index was up 5% weekly which was on top of 7.2% growth. This report was in the week of January 31st. Purchase index was down 10% after rising 5%. However, on a yearly basis, growth was 11%. The past 3 weeks have averaged 12% yearly growth. This has been…
What Risk-On/Risk-Off Money Flow Says about the Market
What's the message from broader movement in money flow? Risk On bullish? Risk Off defensive? Join Corey in tonight's video for the answers to these questions and specific updates on prior positions taken into profit targets from earlier trading strategies in Gold, Bonds, Crude Oil, and of course the stock market.
Skies Are Clear For Stocks To Rally
A New Record High For Equities The stock market is done with worrying about the coronavirus. With that in the rear-view mirror, suddenly the sky looks clear for a rally because the economy is turning around, inflation is low, there is no risk of a hawkish Fed (it’s only uncertain how many times it will…
Improved ISM PMI & Strong ADP Report
Another ISM Beat Before getting into the non-manufacturing ISM report, here’s an interesting fact. The 5 month period where the manufacturing ISM PMI was below 50 marks the 4th longest streak since 1950 where the manufacturing sector was in contraction outside of a recession. Bears calling for a recession were wrong. That’s very clear now that…
Has Risk in Markets Really Subsided?
Stocks explode higher breaching the expected move for the week for the 4th consecutive week. Will this breach hold the rest of the week? Don't miss this newsletter update for the incredible trading opportunities to come…
Tesla Has Gone Euphoric & Coronavirus Correction Is Over
Coronavirus Correction Nearly Reversed It’s clear markets are looking past the coronavirus. S&P 500 rallied 1.5% on Tuesday which put it back near striking distance of the record high it hit last month. And S&P 500 is only down 0.96% from its recent peak. As expected, the virus wasn’t a lasting negative catalyst. Airlines rallied…
ISM Manufacturing Production Index Improves The 2nd Most In 20 Years
Much Improved ISM PMI January manufacturing ISM PMI was 50.9. That was up from the revised 47.8 (from 47.2) in December and beat estimates for 48.7. It beat the highest estimate which was 50. It was expected to come near 49.5, so itwasn’t far off. It's surprising there weren’t higher estimates Especially since regional Fed…
Your Plan for More New Highs and Stocks Leading the Way
While the S&P 500 fell just shy of a new all-time high, the tech-heavy NASDAQ did break to yet another new high with key tech stocks leading the way. What's your game plan for this ongoing activity? And more importantly, which strong stocks joined the market at new all time highs? Join Corey for tonight's…
China & Copper Crater While Tesla Soars (Again)
Big News Day For Markets Monday was definitely the most interesting day of the year for markets. Tesla stock exploded higher. ISM manufacturing PMI beat estimates substantially. Alphabet reported earnings. Chinese stock market re-opened following its holiday close. Iowa Democratic caucus occurred. U.S. stock market reversed course after selling off on Friday. And commodities fell…