A tale of two tech markets as Texas Instruments and Apple move in opposite directions.
Shares of Texas Instruments (TXN) closed down 7.48% today after the company reported that third-quarter earning felt $1.49 a share from $1.58 a share in the third quarter of 2018. Revenue dropped 11% year over year. On the other hand, shares of Apple continued to move...Enthusiasm for this quarter’s earnings; worry about guidance for 2020
Today the Standard & Poor's 500 matched a 12-week high and made yet another assault on a new all-time record. Better than expected earnings have been the market driver. Some 81% of the S&P 500 companies that have reported for the quarter so far have beat...Saturday Night Quarterback says, For the week ahead expect…
...a "showdown" between Microsoft (MSFT) and Amazon (AMZN) in the cloud space as the two companies report earnings only a day apart (on Wednesday October 23 for Microsoft and Thursday October 24 for Amazon.) Microsoft's cloud effort--Azure--is growing faster than...Odd day: stocks rise on bank earnings oil falls on global growth fears
Good earnings news from big U.S. banks drove U.S. stocks higher today. As of 3 p.m. New York time, the Standard & Poor's 500 was up 1.10% and the Dow Jones Industrial Average was ahead 1.03%. The NASDAQ Composite had climbed .28% and the Russell 2000 small cap...Saturday Night Quarterback says (on a Sunday), for the week ahead expect…
... tech earnings and more tech earnings. With no distraction from Fed speak--since the Federal Reserve went into its usual quiet period Saturday ahead of its July 31 meeting. The first few days of the week are quiet. And then earnings go into high gear. All of that...82% of companies have cut earnings guidance for the second quarter–is this more than just the usual “set the bar” low?
The forecast from earnings observers such as FactSet is that second quarter earnings will show a 2.5% drop from last year. So what does the average, reasonably smart CEO do? He or she goes to the Wall Street playbook and cuts guidance so that when earnings are...Can earnings be the catalyst to take markets higher? Not this quarter, at least
Join me on my search for the elusive catalyst that could take U.S. stocks higher from what is already an all-time high. Quiet, though, catalysts can be very shy. Peaking through the bushes surrounding the water hole, I can see signs of company earnings. The big banks,...Cisco earnings on May 16 powered the market; Cisco gained 6.66% on the day and another 0.75% today, May 17
Yesterday, May 16, earnings from Cisco Systems (CSCO) and Wal-Mart (CSCO) before the open powered U.S. stocks higher to start the day. So what did Cisco say? (I reported on Wal-Mart in a post yesterday that you'll find in your email today.) Cisco reported earnings per...Wal-Mart earnings today, May 16, send U.S. stocks higher
Today, May 16, earnings from Wall-Mart (WMT) and Cisco Systems (CSCO) before the open powered U.S. stocks higher to start the day. So what did Wal-Mart say? (I'll report on Cisco in another post.) Before the markets opened in New York, Wal-Mart reported first quarter...Saturday Night Quarterback says, For the week ahead expect…
In the week ahead earnings reports will test theories about growth in specific sectors and the economy as a whole. For example, on Tuesday, April 23, we’ll get tests of the “consumer economy” with reports from Coca-Cola (KO), Procter & Gamble (PG) and Verizon (VZ). Coke is projected to show a drop of a penny to 46 cents a share from 47 cents in the year-earlier quarter. P&G is projected to pick up 4 cents a share from the first quarter of 2018 to $1.04 and Verizon is expected to see earnings move up to $1.16 a share from $1.11. Those all set, in my opinion, hurdles that are relatively easy to jump. But the growth is already so modest that any miss could throw these big consumer stocks into a year over year earnings downturn. Which would be a bad way to start the week.Â