Facebook Crashes After Hours
Facebook Falls 20.23% After Hours Facebook stock had a massive crash after hours after it reported weak guidance and had a bad conference call. Facebook had rallied to new highs despite the Cambridge Analytica scandal. That was given back in a matter of minutes as the stock fell 20.23% to $173.5 from $217.5. The size…
Strong Philly Fed & Leading Indicators
Solid Philly Fed Report But Weakening Outlook I will continue discussing the economic reports from last week to catch up as earnings season has caused a bit of a delay in my economic analysis. The July Philly Fed manufacturing headline reading was strong as it came in at 25.7 which beat the consensus estimate for…
Locking in Profits and Building New Trades
Last night we put on a few trades around FB earnings and tonight we look at how those trades are working out very nicely for us. In tonight's video let's look at how you can lock in profits. If you missed this opportunity there are plenty more in this video...
86% of S&P 500 Firms Have Beaten EPS Estimates
S&P 500 Gets Within Striking Distance Of Its Record I was wrong to say the Nasdaq would have a good day because of Alphabet’s great earnings report as the index fell one basis point on Tuesday. The Russell 2000 was down 1.07% while the Dow was up 0.79% as it was driven by the 3.8%…
Alphabet Reports Great Earnings
$1 Trillion Doesn’t Matter Alphabet reported great earnings on Monday afternoon as the stock increased 3.53% on Tuesday. Heading into the earnings report, the stock was up 13.19% year to date. The S&P 500 technology sector was up 12.64%, meaning it didn’t provide investors much outperformance. That’s especially not great for a member of the…
How To Trade FB Earnings
With a large reversal in the Nasdaq futures today here are the trades that suit a vulnerable market. In tonight’s video newsletter let’s look at 2 FB trades...
Treasuries Sharply Selloff On JCB Action
Stocks Inch Closer To Last Week’s High Monday’s action in the markets was all about the bond market, so I’ll only briefly review the stock market action. The S&P 500 was up 0.18% which pushed it close to last week’s high. It’s still far away from the January high if the market is going to…
Strong June Industrial Production, Weak July Manufacturing Capex Expectations
Decent Empire State Index As I mentioned in a previous article, earnings reports are coming out rapid fire, which means some of my economic analysis is delayed. I’ll now review two of the economic reports from last week. Firstly, let’s look at the Empire Fed Manufacturing report. The manufacturing economy was strong in June. The…
How To Trade The Titans of Tech
With NFLX and MSFT earnings behind us, we study today's gap up earnings surprise in GOOGL and then plan this week's earnings plan for FB, AMZN, TWTR, and then AAPL. Earning plays can be risky and it can be easier to trade after an earnings announcement for many traders....
EPS Growth Is 28.61% For The First 87 Firms In The S&P 500
Trump Vs. Powell Drama Ends Peacefully On Friday, we got more clarification about President Trump’s statement on monetary policy in his interview on CNBC. Firstly, the President isn’t happy with the Fed’s plan to raise rates 2 more times this year. According to the Fed fund futures, there is a 62.3% chance of at least…