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Double Dipping: Microsoft, Alphabet Earnings Both Due After Close As Fed Meeting Begins
Tuesday, July 25, 2023 - 1:21pm | 2532(Tuesday market open) This afternoon serves up a double-feature, and it’s not “Barbenheimer.” Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL) accelerate the mega-cap earnings season by reporting today after the close, followed by Meta Platforms...
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Monday's Market Minute: S&P Futures Sluggish, But Big Week Ahead
Tuesday, July 25, 2023 - 5:15am | 397S&P 500 Futures were little changed on Friday, but earnings season will kick into high gear this week so traders had better be ready for some action. The price movement was interesting on the /ES, as the contract lifted into new yearly highs on Jul. 19, but also failed to convincingly break out...
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Thursday's Market Minute: Russell Breaks Above Long-Term Resistance
Thursday, July 20, 2023 - 11:56am | 315It’s been a big few days for Russell 2000 futures, as the contract has gained nearly +3% in only three trading days as of yesterday’s close. The Russell and Dow futures are the two among the major equity indices that have failed to make new yearly highs, but the past few days look...
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Win Streak Threatened: Tesla, Netflix Results Bring Pressure As Housing, Leading Indicators Data Awaited
Thursday, July 20, 2023 - 11:51am | 2201(Thursday market open) Pressure surfaced early Thursday as investors assessed yesterday’s results from Tesla (NASDAQ: TSLA) and Netflix (NASDAQ: NFLX). The Nasdaq (COMP) fell sharply in premarket trading, but the Dow Jones Industrial Average ($DJI...
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Tesla On Tap: "Mega-cap" Reporting Season Gets Underway After Close With EV Giant's Earnings
Wednesday, July 19, 2023 - 3:36pm | 2513(Wednesday market open) Major indexes ride into Tesla’s (NASDAQ: TSLA) earnings later today on a long winning streak that carried stocks to new 15-month highs yesterday. Hopes for an economic “soft landing” based on recent positive data drove gains. Investors appear...
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Wednesday's Market Minute: So Far, So Good
Wednesday, July 19, 2023 - 3:12pm | 506It's been a pretty dreamy scenario for stock bulls. You know the good times are back when Carvana (NYSE: CVNA) shares are closing in on a year-to-date rally of 1,000%. Watch for IPOs to pick up in the coming weeks if that type of action holds as companies look to take advantage of the most...
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Will Tesla's Acceleration In Q2 Have Investors Hitting The Gas Or The Brake?
Wednesday, July 19, 2023 - 7:08am | 1787Now that actual auto news seems to have replaced the Twitterverse as a top concern affecting Elon Musk’s signature company, tomorrow afternoon’s Q2 Tesla (NASDAQ: TSLA) earnings could produce some of the biggest headlines this earnings season. Topically, so many roads...
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Tuesday's Market Minute: Automotive Through The Eyes Of Banks
Tuesday, July 18, 2023 - 2:01pm | 372Earnings season is now in full swing after a soft launch last week. We’ve already had a bank-heavy week with Bank of America (BAC), Wells Fargo (WFC), PNC Financial (PNC) and JPMorgan (JPM) reporting. And while many are focused on net interest income or provisions for credit losses for banks...
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Subdued Tone: Major Indexes Waver Despite Earnings Beats by Bank of America, Morgan Stanley
Tuesday, July 18, 2023 - 1:57pm | 2316(Tuesday market open) The morning kicks off with more big banks beating analysts’ earnings expectations, but major indexes were barely changed in premarket trading. Retail Sales—an important barometer of consumer health—rose less than expected in June. Both Bank of...
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Electric Week Ahead: Tesla Earnings Among Highlights Along With Retail Sales, But Soft China Growth In Focus
Monday, July 17, 2023 - 2:31pm | 2322(Monday market open) Earnings season spreads its wings this week with reports from several giant banks and a mega-cap company on the schedule, along with a dose of consumer-oriented retail sales and housing data. Today’s calendar is light, but things liven up the next few days as ...
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Monday's Market Minute: This Week It's All About Earnings
Monday, July 17, 2023 - 2:25pm | 427We have everything from big banks to big tech reporting this week as earnings get into full swing. With the inflation data behind us, we enter into the Fed blackout period ahead of the FOMC meeting next week. The focus is going to be on earnings and economic data. Keep an eye on results from Bank...
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Bank Domination: Earnings Season Kicks Off With A Hat Trick As Three Major Banks Post Beats
Friday, July 14, 2023 - 12:01pm | 2270(Friday market open) After scampering to 15-month highs this week as investors cheered signs of slowing inflation, major stock indexes embark today on a voyage through earnings season, starting with three of the biggest U.S. banks. Analysts expect overall earnings to remain under pressure for...
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Friday's Market Minute: Cyclical Stocks Broaden Out Market Rally
Friday, July 14, 2023 - 11:55am | 350With both Consumer Price Index and Producer Price Index data rising less than expected in June, equities have traded higher for four consecutive sessions on positive momentum. Lower interest rate expectations on the back of tame inflation readings also put the U.S. dollar index on course for its...
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More Inflation Cheer As June PPI Lighter Than Expected, Lifting Markets Ahead Of Friday's Bank Earnings
Thursday, July 13, 2023 - 12:46pm | 2264(Thursday market open) ) It’s déjà vu on Wall Street this morning. For the second straight session, major indexes rose ahead of the opening bell on signs of U.S. inflation easing, this time as the June Producer Price Index (PPI) rose less than analysts had...
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Thursday's Market Minute: S&P Futures Blaze Through 4,500 As Earnings Loom
Thursday, July 13, 2023 - 12:39pm | 412S&P 500 futures this morning saw a relatively muted reaction to cooler-than-expected Producer Price Index data as another earnings season is about to begin tomorrow with the big banks. In the broader picture, it’s been a good time to be a bull; the /ES has been in an upward channel and is...