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Could August Become 7th Straight Month Of Gains? Busy Week Could Set The Tone
Monday, August 2, 2021 - 10:21am | 2068And so begins the month of August. The dog days of summer. Beaches, mountains, and lazy afternoons.If you follow the financial markets, that thinking might be jumping the gun, as there’s still plenty of action ahead. Although last week was arguably the height of earnings season, with releases...
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Packed Earnings Week Begins, With Apple, Amazon, Facebook Among Companies Reporting
Monday, July 26, 2021 - 10:44am | 2292Welcome to a week that might offer something for everyone. The next few days include earnings from four of the five “FAANG” companies and one-third of the S&P 500 overall. There’s also a Fed meeting, and Congress could be making progress on an infrastructure bill. Get...
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Boeing Earnings Approach As Company Deals With New Snag Affecting 787 Planes
Monday, July 26, 2021 - 10:08am | 1756It may sound a bit harsh, but it feels like Boeing (NYSE: BA) just can’t get out of its own way. After resuming 737-MAX flights in the U.S. in late 2020 following a nearly two-year grounding, BA continues to have issues with its 787 planes. The 737-MAX return wasn’t perfect,...
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AAPL Expectations Are Once Again High After Tech Giant Wowed Investors In Last Two Quarters
Friday, July 23, 2021 - 12:19pm | 2063An old phrase on Wall Street goes, “The trend is your friend.” If that’s true, analysts are mostly counting on Apple (NASDAQ: AAPL) delivering another quarter of double-digit earnings growth when the Technology giant reports fiscal Q3 results next week. For those keeping...
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Snap, Twitter Earnings Impress, Potentially Setting Table For Facebook Next Week
Friday, July 23, 2021 - 10:15am | 2240Last Friday was when the bottom began to fall out. A week later, things feel very different as earnings continue to hold the day. We’re on pace for the S&P 500 Index (SPX) to be up 1% for the week if things don’t head lower today, which is pretty amazing when you consider...
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Facebook Q2 Earnings Ahead: Privacy And Monopoly Concerns Seen As Possible Focus Topics
Friday, July 23, 2021 - 10:09am | 1324Investors have continued to friend Facebook (NASDAQ: FB), though its status is complicated. FB’s stock has been on a steady climb, increasing 30% in Q2 alone. When the social media giant unveils its Q2 earnings on July 28, expectations are for its phenomenal run of ad revenue to...
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Alphabet Profitability Still Hidden In The Cloud As It Surges Past FAANG Toward Q2 Earnings
Thursday, July 22, 2021 - 4:18pm | 1407Alphabet (NASDAQ: GOOGL) arguably hit it out of the park last quarter when it reported earnings that left analysts’ estimates in the dust. Overall revenue came in strong at $55.3 billion, up 34% year over year, with each business segment topping expectations by a wide margin except for...
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Tesla Earnings: Record Q2 Deliveries, But Bitcoin Slump, Competition Concerns And Chip Shortages
Thursday, July 22, 2021 - 10:18am | 1390Tesla (NASDAQ: TSLA) announced record-breaking electronic vehicle (EV) deliveries in Q2 and has continued to outproduce competitors in the midst of a global microchip shortage. But it’s been a bit of a rough ride for the pioneering EV’s share price as competitors rev their engines...
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Earnings Impress From AT&T, CSX, But Texas Instruments' Hurt By Guidance
Thursday, July 22, 2021 - 10:11am | 2299For the third straight morning, it’s earnings to the rescue. After Monday’s nosedive, stocks seem poised to rise again this morning based on pre-market gains as investors watch major companies exceed Wall Street’s expectations. AT&T (NYSE: T) became the latest...
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Earnings Strength From J&J, Chipotle, Coca-Cola Helps Set Positive Early Tone
Wednesday, July 21, 2021 - 10:12am | 2300The earnings parade continues, with a steady flow of solid corporate results helping Wall Street recover from Monday’s huge plunge. In fact, the major indices are basically back where they were Friday after two crazy days, making it look like Monday and Tuesday never happened. The...
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Earnings Pace Picks Up Later Today With Chipotle, Netflix Expected To Report
Tuesday, July 20, 2021 - 10:07am | 2202On the day Amazon (NASDAQ: AMZN) founder Jeff Bezos launches himself into space, most investors would probably be happy just to see the major indices pick themselves off the carpet after yesterday’s meltdown. Early on, it looks like they might get their wish. Major indices rebounded...
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Netflix Earnings Expected To Be Strong, But What Does It Have For Investors Today?
Monday, July 19, 2021 - 1:05pm | 1818Once again, Netflix (NASDAQ: NFLX) is playing the numbers game—past, present, and future. When Q2 results are announced tomorrow, Wall Street expects gangbuster earnings and revenue results, but many investors are likely to focus on how many new members joined the online streaming...
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Covid Back In Headlines As Cases Ramp Up, Pushing Travel Stocks, Multinationals Lower
Monday, July 19, 2021 - 10:16am | 2376A ramp-up in new Covid cases is bringing fear that we may take a step backward here, weighing on stocks to start the week. Wall Street continues to show signs of tracking the bond market, and bond yields posted fresh five-month lows this morning. Daily cases have tripled from a month ago in the U.S...
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Vaccine Stocks Climb After Moderna Added To S&P 500, With BioNTech Also Up
Friday, July 16, 2021 - 10:11am | 2333The first week of earnings season wraps up with major indices closely tracking the bond market in Wall Street’s version of “follow the leader.” Earnings absolutely matter, but right now the Fed’s policies are maybe a bigger influence. In the short-term the Fed is still the...
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Morgan Stanley Records Impressive Quarter, Becoming Final Big Bank To Report
Thursday, July 15, 2021 - 10:11am | 2527Big banks continue to hold up their end of the bargain, but the rest of the market doesn’t seem too impressed this morning. Major indices declined overnight amid worries about the Chinese economy, while slipping U.S. bond yields put a little pressure on things, too. Morgan Stanley...