Tomorrow I’m selling McDonald’s out of my Dividend Portfolio
In my post of June 28 "My baseline stock market scenario for the next 30 days" I pointed to an earnings/post earnings report pattern that I thought posed significant danger to stocks. Analysts, I noted, were projecting knock out earnings growth for the second quarter...
Caterpillar says “Never mind” about “high water mark” comment that spooked stocks so badly on April 24
I think you could make a case that the fears set off by Caterpillar’s “high water mark” comment in its earnings conference call set the tone for much of earnings season where traders and investors sold down the shares of almost every company that reported an earnings surprise. Now, however, Caterpillar is taking it all back.
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
Relative quiet on the macro economic and earnings front will leave the market to find its own trend. After a couple of weeks of big news–a Fed meeting, earnings from Amazon to Apple, a jobs report and more–the coming week is relatively news-light.
Saturday Night Quarterback says (Apple), For the week ahead (Apple) expect…
Apple (AAPL) will set the tone for the market in the early part of the week. But then with Apple earning and revenue worries out of the way, will stocks, especially technology stocks, be “freer” to respond to their own reports?
Apple is scheduled to report fiscal second quarter (March quarter) earnings after the market close on Tuesday, May 1. Wall Street is expecting earnings of $2.68 a share and revenue of $61.02 billion for the quarter–and bracing for disappointment.Â
Freeport McMoRan Copper & Gold delivers ugly earnings report–that’s good for my Put options (and I’m selling on the big jump)
Before the U.S. markets opened today Freeport McMoRan Copper & Gold (FCX) ) reported a big earnings miss. As of 2:30 p.m. New York time the shares were down 16.67%. That's good news for the May 18, 2018 Put options I added to my Volatility Portfolio on April 3,...
Saturday Night Quarterback says, For the week ahead expect…
Suffice it to say that if the market can’t get excited about earnings this week, it’s not likely to get excited about earnings and we will have locked a sell on the news faction into place for this quarter.
Earnings season “enthusiasm” has kicked in
The Standard & Poor’s 500 stock index rose 1.07% to the highest level in four weeks, pushing above its 100-day moving average for the first time in  month. The Dow Jones Industrial average closed up 0.87% The gains in the index are in spite of continued chaos on the trade front between China and the United States
Special premium report Part 1: My 2018 earnings boom profit strategy–and two picks
With the report of first quarter earnings season from Netflix (NFLX) on Monday, April 16, we’ve moved into the heart of earnings season. In most quarters traders began putting on plays for earnings announcements a few weeks before reporting starts. And they’ll keep making new bets over the next three weeks or so. In most quarters buying shares or options on companies about to report makes profitable sense. But this strategy is likely to be even more rewarding this year
Netflix modest earnings beat and big positive after-hours reaction good news for earnings season market
Netflix (NFLX) shares were down 1.24% during the day as investors and traders seemed to be positioning themselves for an earnings miss. But the stock took off in after-hours trading, climbing by 6.8%, on the back of  very modest earnings beat for the first quarter and upside guidance for the second quarter. I think that’s a good sign for the market’s performance as earnings season builds momentum.
Saturday Night Quarterback says, for the week ahead expect…
Next week we get just enough economic news to keep the state of the economy bubbling on the back burners of trader and investor attention, while first quarter earnings season picks up momentum. It’s not a lengthy list of economic reports scheduled for this week, but they are important ones. On Monday, for example, we get retail sales for March with economists expecting a big bounce back from a disappointing February
Profit taking on bank earnings–but what’s it mean?
By and large the big banks reporting first quarter earnings today modestly beat Wall Street earnings expectations. And after some initial moves higher, all the stocks have sold off strongly as of noon New York time.
But it’s a Friday–which in these high volatility times usually means selling before the weekend. And the beats are modest so it’s possible that some investors are actually disappointed. All in all, not the tell for how traders and investors will react during the rest of earnings season that I was hoping for yesterday.
