Market Update: Stock futures are quiet before Friday’s open as investors digest the latest round of earnings data and wait for the inauguration. Gary’s Thoughts: IBM down a couple on no growth. SWKS up nicely on no growth. AXP down couple percent…same for GE. Futures up decently on this, inauguration day. Economic Calendar: Harker Speaks…
Market Update: Stock futures are a little lower before Thursday’s open as investors digest the latest round of earnings data and wait for the inauguration on Friday. Gary’s Thoughts: But…Tesla upgrade gets it $9. Netflix up $9 on upgrade. CSX up $6…something about a rail mogul leaving one company and maybe looking at other companies….
Stocks were close in the U.S. on Monday in observance of the MLK holiday. Overseas markets fell on Monday after rumor spread that England would seek a hard Brexit. Stocks fell on Tuesday dragged lower by the financials. The U.S. dollar fell hard after President-Elect Donald Trump said in an interview that the U.S. dollar…
Chipotle Mexican Grill (CMG) was downgraded to ‘Neutral’ from ‘Overweight’ at JPMorgan Chase with a price target of $375. Everest Re Group Ltd (RE) was downgraded to ‘Underperform’ from ‘Neutral’ at Macquarie Research with a 12-month target price of $186. Morgan Stanley (MS) is up nearly 2% in pre-market trading after it reported Q4 EPS…
Random thoughts: Now entering the midst of earning’s season. Friday’s financial earnings were ok with financials gapping out of range, only to be pulled in. We received a ton of emails that the move was negative. We will hold off until Goldman and the rest report. Financials remain range-bound just like: The major indices remain…
Bank of America (BAC) is up +0.5% in pre-market trading after it reported Q4 adjusted EPS of 40 cents, better than consensus of 38 cents GrubHub (GRUB) rose 2% in pre-market trading after being upgraded by Morgan Stanley to ‘Overweight’ from ‘Equal-weight’ BlackRock (BLK) reported Q4 adjusted EPS of $5.14, stronger than consensus of $5.02….
Stocks rallied on Wednesday after President-Elect Trump held his first press conference of 2017. The tech heavy Nasdaq composite closed at a record high while the Dow Jones Industrial Average continued to trade just below 20,000. Meanwhile, the Mexican Peso hit a fresh record low after Trump reiterated his intention to build a wall. Gary’s…
Market Update: Stock futures are lower before Thursday’s open as investors wait for a slew of earnings to be released over the next few weeks. Gary’s Thoughts: Futures down…weaker Europe not helping. Big financials reporting earnings tomorrow…very important to watch. On the gold front, looks like the GDX sets up well just above the 50…
On Monday, stocks were mixed as energy dragged the S&P 500 and Dow Jones Industrial Average lower while the Nasdaq hit a fresh record high. We are entering earnings season and investors will, once again, turn their focus to earnings over the next several weeks. Elsewhere, AliBaba Founder, Jack Ma, met with President-Elect Donald Trump…
American Express (AXP) was upgraded to ‘Outperform’ from ‘Market Perform’ at Oppenheimer with an 18-month target price of $98. Allstate (ALL) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs. Travelers Cos (TRV) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs. Williams Cos (WMB) slumped 7% in after-hours trading after it announced a plan…
