Market Update: Stock futures are quiet ahead of Monday’s open as investors look forward to the next Fed meeting on Wednesday and the latest round of earnings data. Gary’s Thoughts: Futures up a wee bit after an election news-moving Friday. Continue to be patient. Economic Calendar: Personal Income and Outlays 8:30 AM ET Chicago PMI…
Stocks opened higher but closed lower on Thursday as investors digested the latest round of economic and earnings data. It was another busy day for earnings with shares of Service Now (NOW), Twitter (TWTR) and Tesla (TSLA) among the companies that rallied after reporting numbers while shares of Lending Tree (TREE), O’Reilly Automotive Inc (ORLY,…
Market Update: Stock futures are a little higher ahead of Friday’s open as the Street digests the latest round of mixed earnings data. The latest reading on GDP is slated to be released at 8:30am EST. Gary’s Thoughts: S&P flat…NDX down because Amazon down $45 from yesterday’s close. Google up $8 from yesterday’s close. Bond…
Market Update: Stock futures are a little higher ahead of Thursday’s open as investors continue to digest a slew of earnings reports. Gary’s Thoughts: After yesterday’s reversal. guess what? A little gap to the upside. While there are a bunch of names gapping down off of earnings, we make note of the slew of names…
Stocks opened lower but closed mixed on Wednesday after Apple Inc (AAPL) gapped down after reporting earnings. A slew of other stocks reported earnings as well and, so far, there is a slight bias to the downside. Meaning, more stocks are falling, after reporting earnings, than rallying. Stocks turned higher after oil prices reversed on…
Stocks slid on Tuesday as investors digested a slew of earnings data. Consumer stocks fell hard, especially stocks that depend on people buying things for their home after reporting disappointing earnings. Sherwin-Williams (SHW), Whirlpool (WHR) and Masco (MAS), were some of the stocks that fell hard on Tuesday. On the economic front, consumer confidence came in…
Market Update: Stock futures are lower ahead of Wednesday’s open after Apple reported its first annual revenue decline since 2001. Gary’s Thoughts: Apple no help. Think its more about it has already moved up…but no doubt, mature company with no growth. Futures yuck after yesterday’s yuck day. We now talk support levels again after one…
Stocks rallied on Monday as investors digested the latest round of mixed earnings data and another mega-merger between AT&T & Time Warner. Over the weekend, AT&T (T) reached a deal to acquire Time Warner (TWC) for more than $85 billion, or $107.50 per share. The deal is made possible by easy money from the Fed and other…
Market Update: Stock futures are up ahead of Monday’s open as investors digest last week’s up and down action and wait for the next round of earnings to be released. Gary’s Thoughts: Strong open. Market recognizes it was defended again Friday so back into the range on the open today. Financials, oils lead. Semis still strong but losing some momentum….
By Gary Kaltbaum October 24,2016 Thoughts on the AT&T/Time Warner deal as well as the other rumored or proposed deals: It’s all about EASY MONEY. It cannot happen without easy money. Easy money keeps rates low so borrowing costs stay low and easy money buoys stock prices so higher stock prices can be used as currency….
