January 11th, 2019, 4:31 PM
Bank stocks aren't doing badly today ahead of the start of earnings reports from the biggest banks starting on Monday. But to me it looks like today's slightly upward bias is a bet not on good earnings but that analysts have gone too far with their cuts to bank earnings for the fourth quarter. The […]
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October 24th, 2018, 4:52 PM
Today, Wednesday October 24, everything sold off. And stocks with the biggest growth prospects sold off the most. The Standard & Poor's 500 closed down 3.09% and the Dow Jones Industrials fell by a smaller 2.41%. The growth heavy HASDAQ Composite drop 4.43%. Among S&P sectors, the Technology Select Sector SPDR ETF (XLK) was down […]
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October 23rd, 2018, 1:32 PM
U.S. stocks hit the lows for the day--so far--near the 10:20 a.m. mark in New York this morning. The Dow Jones Industrial Average, which had closed at 25,317 yesterday, October 22, traded at 24,777 at 10:23 a.m. That's a drop of 540 points. The Standard & Poor's 500 index, which closed at 2756 on October […]
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October 7th, 2018, 4:53 PM
... anticipation of the start of earnings season to stabilize U.S. stock markets. Earnings season for the September quarter kicks off on Friday with reports from the big banks, Citigroup (C), JPMorgan Chase (JPM), and Wells Fargo (WFC). Earnings growth is expected to be as good or even perhaps better than the great performance turned […]
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April 29th, 2018, 4:59 PM
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