April 20, 2019 | Daily JAM |
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.
February 8, 2019 | Daily JAM, Morning Briefing |
As of this morning, more than 75% of the companies in the Standard & Poor's 500 stock index have reported fourth quarter earnings. As per usual, the bulk of companies have beaten Wall Street earnings estimates. (This is just a game that Wall Street and CEOs play.)...
January 27, 2019 | Daily JAM, Volatility |
...earnings from big name market movers such as Apple (AAPL) and Amazon (AMZN) to be more important market drivers than the Federal Reserve meeting, the resumption of China trade talks, and the January jobs report. That's quite a bit of macro news, but I think...
January 24, 2019 | Daily JAM, Stock Alerts |
Today's regular session was great for chip stocks. The VanEck Vectors Semiconductor ETF (SMH) was up nearly 6% on the day powered by earnings beats for the quarter from Texas Instruments (TXN) up 6.5%; Xilinx (XLNX) up 17.5%; and Lam Research (LRCX) up 14.8%. And...
January 23, 2019 | Daily JAM, Short Term |
Most of the major U.S. stock indexes clawed their way back into the green after a mid-day journey into the red. The Standard & Poor's 500, for example, closed the day up 0.22% (at 2638) from the Tuesday close. But that was still below the 2641 the index began...
January 23, 2019 | Daily JAM, Morning Briefing, Short Term |
And, as of 12:30 p.m. New York time, negative trade sentiment was winning. The day started off with positive earnings reports--earnings beats and positive guidance--from IBM (IBM), Procter & Gamble (PG), and United Technologies (UTX). In premarket trading the...
January 13, 2019 | Daily JAM |
... earnings from Netflix (NFLX), scheduled for release after the market close on Thursday, January 17, to be a BIG TEST to see whether this big bounce turns into a sustained rally. Netflix shares gained another 4% on Friday after analysts at Raymond James and UBS...
January 8, 2019 | Daily JAM, Short Term, Volatility |
With today's announcement of a big miss from Samsung--and Apple's cut to December quarter guidance last week--it seems like CEOs and analysts are rushing to cut earnings estimates and projections before companies actually start to report next week. For example,...
January 8, 2019 | Daily JAM, Morning Briefing |
Overnight Samsung Electronics announced that for the quarter that ended in December quarterly profit and revenue missed estimates on sputtering demand for memory chips. Operating income fell to 10.8 trillion ($9.6 billion) won for the South Korean giant. That was well...
January 3, 2019 | Daily JAM, Morning Briefing, Short Term |
Last night's warning from Apple that sales for the December quarter would be well below the company's earlier guidance bled into a weaker than expected reading this morning from the Purchasing Managers Index for the Manufacturing sector. The ISM Manufacturing Index...
January 2, 2019 | AAPL, Stock Alerts, Volatility |
Will Apple's (AAPL) warning spook stocks tomorrow, Thursday, January 3, to a degree that bad economic news out of China didn't today? After the close in New York Apple CEO Tim Cook dramatically lowered the company's estimates for sales in the December quarter. Apple...
October 30, 2018 | Daily JAM, FB, Stock Alerts |
Facebook It really, really helps if lots of traders and investors hate your stock going into earnings. Then you can, as Facebook (FB) did today, announce quarterly results that fall short on revenue ($13.73 billion versus consensus projections for $13.8 billion), and...
