Apple Stock Rallies On Buyback Despite Weak iPhone Sales
Apple Utilizing Cash To Push Stock Up There were a lot of worries about Apple’s iPhone sales headed into this quarter as a few suppliers missed their estimates because of the iPhone. This caused analysts to lower their estimates for iPhone sales heading into this quarter. Overall, Apple reported decent results, but the iPhone shipments…
ISM Manufacturing Misses Estimates
Peak Economic & Earnings Growth? The debate among investors is whether growth has peaked. I think economic growth peaked in 2017. The blue chip average is at 3.1% growth for Q2, so that’s not settled yet. The main problem with the 2018 economy is expectations were so high headed into it. If 2018 growth is…
Market Poised to Break This Range This Week
We continue to see real volatility outpace implied volatility. The market hit the lower end of the expected move this week and rallied into the close. After hours Futures were catapulted further by AAPL's earnings report. Watch this video right now to find out what to expect for the rest of the week...
Stocks Face A Hawkish Fed & Rising Inflation
Technically The Market Is In A Pickle The S&P 500 was down 0.82% on Monday despite the fabulous earnings results. Some investors are looking for Apple’s earnings after the bell on Tuesday to turn the tide, but I think that’s a dubious hope. Even if it beats estimates, one stock can’t turn the market especially since the other FAANG…
Great Headline Earnings Results. What’s Wrong With The Market?
Amazing Earnings Season The Q1 earnings season has been a big success when looking at the overall headline numbers. As of 10:30 AM Monday, 273 firms reported earnings. 78% of firms beat EPS estimates while having aggregate growth of +25%. 75% of firms beat their sales estimates with +10% growth. These numbers are all courtesy of The…
Can AAPL Save A Sinking Market?
In tonight's video newsletter we take an in depth look at all of the strategies you can use tomorrow for AAPL. AAPL was one of the few green stocks today. Will AAPL earnings turn around this market or will they be the straw that breaks this market's back? Watch this video right now for the…
Stocks Flat Despite Great Earnings From Amazon & Microsoft
Friday was yet another example of stocks shrugging off great earnings results as the tech heavy Nasdaq was flat despite earnings beats from Amazon and Microsoft. Even though there are some rational explanations for why stocks aren’t moving after great results, namely rising interest rates, it’s still amazing to see it in action because it…
Big Earnings Reversals and Position Updates
In this crucial weekend video newsletter update we go through the big tech positive earnings announcements. What should make you nervous is that all of the earnings were stellar, the stocks gapped higher, and then sold off. Let's also review all of the positions some of which we took off today for substantial returns. If…
GDP Growth Is 2.3%, But The Underlying Numbers Are Weak
GDP Growth Is 2.3% Real GDP growth was almost exactly in the middle of my GDP growth forecast as it was 2.3%. Let’s quickly bury the narrative that this first quarter was the quickest Q1 since 2015. That analysis doesn’t make sense because it’s illogical to compare quarter over quarter growth on a year over…
Weak Durable Goods Report Leads To A 2% GDP Estimate
Strong Kansas City Fed Report The Kansas City Manufacturing report saw none of the weakness shown in the Richmond Fed report. The manufacturing trends in each regional survey aren’t always correlated. The headline number was 26 which was better than last month’s 17. This was the best report in at least a year. The volume…