Regional Fed Manufacturing Indexes Weak
Regional Fed Manufacturing Indexes - Big Spike In Jobless Claims In the week of April 20th, jobless claims exploded from 193,000 to 230,000. That’s a 37,000 increase. It was way above the consensus for 209,000 and the high end of the estimate range which was 210,000. It pushed the 4 week average from 201,500 to 206,000.…
Tech Earnings in Focus, but Watch This Sector
Stocks continue to climb higher as key tech earnings come out in GOOGL today and AAPL tomorrow. However, the sector that I'll be watching the most this week is financials via the bond market and XLF. Here's why and what the opportunity is...
Intel - Chipotle - Tesla - Weak, Strong and Disaster
Intel - Chipotle - Tesla - Intel Reports Weak 2019 Guidance Intel - Chipotle- Tesla - It’s very interesting to review Intel’s earnings because the SOXX semiconductors ETF is up 33% year to date. Investors clearly think the cycle has bottomed. Intel’s weak quarter could give these bullish speculators some worries. The semiconductor cycle is highly…
Home Price Growth Falls & Core Durable Goods Orders Were Strong
Home Price Growth - FHFA Home Price Index Home price growth is falling sharply which is making this year a great time to buy a house compared to last year when housing was more unaffordable. House prices don’t need to fall to become more affordable; growth just needs to fall. We’ve seen interest rates plummet…
All Time Highs or a Fed Fueled Fantasy?
Stocks continue to grind higher as many of the tech companies have reported and beat earnings estimates. There's still a lot of announcements still to come like the FOMC meeting. With the better than expected GDP numbers and earnings will the Fed make any hawkish comments or stick to the dovish script? Here's where the…
3M, Starbucks, & Amazon Earnings Results Reviewed
3M - Microsoft & Facebook Can’t Push S&P 500 Higher Before getting into 3M, let's review MSFT and FB. Even though most firms have beat earnings estimates and Microsoft and Facebook soared on Thursday, the S&P 500 still fell 4 basis points. Those two certainly helped the Nasdaq as it increased 0.21%. Russell 2000 and…
Netflix Is At Risk & Microsoft Beats Estimates
Netflix - At Risk Netflix could be in trouble as the landscape of produced streaming video content changes. Companies that own the content in Netflix’s library are starting to create their own subscription services. First is Disney as the firm is launching its Disney+ subscription service this November. It will cost $6.99 per month. In…
Six Tech Stocks Getting Stronger
With the Nasdaq at all time highs, which leading tech stocks are buy candidates and what trades might we build in them? Check out tonight's video where Corey highlights six (plus a bonus) tech stock ideas including Microsoft (MSFT), Intel (INTC), and others...
Stocks Fall Slightly But Firms Report Solid Earnings After Hours
Stocks Fall Slightly - Yet Stock Market Isn’t As Overbought As It Feels The stock market fell slightly on Wednesday after hitting a record high on Tuesday. The S&P 500 fell 0.22%, the Nasdaq fell 0.23%, and the Russell 2000 rose 0.19%. Small caps finally outperformed. The market fell because it is incredibly overbought. However,…
Latest Housing Reports A Mixed Bag
Latest Housing Reports - Redbook Sales Growth Improves I’m always looking for new ways to interpret data. I’m never going to completely discard a report because economic reports’ accuracy varies. For example, jobless claims have been extremely low even though the labor market probably isn’t full based on the prime age labor force participation rate. …