Q3 Earnings Growth Expected To Be 5.9% (Up From 4.4% Last Week)
Earnings Season Forever Changed By Regulation FD Earnings season is mostly done, so it’s fair to say this was a great reporting period. Usually I only have the stats on the percentage of firms beating estimates in the past 4 years. The chart below gives us more data to look at to further contextualize the…
Expected Move Indicator is Ready
Stocks continue to hit new all time highs or do they? In tonight's video market update we look at the tale of two markets. The stocks that are making new highs every day and those that continue to make new lows every day. Watch this video to find out the opportunities for you in this…
261,000 Jobs Added In October
As I expected, the labor report showed 261,000 jobs created. It was far below the 310,000 expected as the hurricane effect didn’t turn out to move as many jobs from September to October as economists thought. The jobs report is always tricky to project. Adding the weather into the mix only made it more challenging…
What to Expect Next Week
Stocks hit new all time highs led by AAPL. S&P continues to move slightly higher each week as money rotates from sector to sector. Watch this video to find out what to expect next week...
Tax Reform Bill Released
Productivity Growth Returns The biggest economic change in 2017, in my opinion, is the improvement in productivity. Growth in productivity is the key to economic expansion. Without productivity growth, we just have nominal growth driven by inflation. Productivity grew 3% on an annualized rate in Q3 which is the fastest growth rate since Q3 2014.…
Will AAPL Be The First $1 Trillion Stock?
Apple - AAPL Reaches A $900 Billion Market Cap Arguably the most important company in the stock market, AAPL, reported earnings a day before the iPhone X goes on sale. The company beat estimates for $1.87 per share by reporting $2.07 in EPS. Revenues of $52.6 billion beat estimates for $50.7 billion. Q4 iPhone sales…
Setups for Trading a Runaway Market
AAPL beats earnings estimates sending the stock to new all time highs. AAPL has become the first $900 billion company and may be on the way to the first $1 trillion company. Stocks continue the momentum. Watch this video for stocks that may be the next stocks to ride the momentum wave...
Tesla & Facebook Fall After Hours
Facebook’s 2018 Spending Growth Disappoints Facebook - FB reported earnings on Wednesday; it’s the second to last major tech firm to do so. Apple will be the last one on Thursday. Tech is about 24% of the S&P 500 and it’s about 24% of total earnings. Facebook reported a great result, but was hindered by the…
Employment Costs Rise In Manufacturing
The Banks Have Had A Great Run Globally The chart below shows an interesting global trend which has been occurring in the past few quarters. As you can see, bank stocks’ 12 month forward multiples are rising in Japan, America, the U.K., and Europe. American net interest margins are improving as the Fed is raising…
Apple Volatility Creates an Earnings Trade Opportunity
Stocks opened higher today and then faded throughout the day. The Fed came out and surprised no one leaving rates unchanged and indicating the possibility of a 25 basis point increase in December. After hours there are earnings in FB and TSLA. Watch this video for a trade idea in AAPL for tomorrow's earnings announcement...