Rare earnings good news from Microsoft after the close today
After the close of trading today, October 24, in New York Microsoft (MSFT) reported earnings of $1.14 a share, a big 18 cents a share above analyst estimates. Revenue climbed 18.5% year over hear to $29.08 billion, well ahead of Wall Street projections of $27.92...
Last night Netflix soared on earnings and lower forward guidance didn’t count–today?
After the market close yesterday, October 16, Netflix (NFLX) announced third quarter earnings of 89 cents a share, a huge 21 cents a share above Wall Street projections. Revenues climbed 34% year over year to $4 billion against analyst estimates of $3.99 billion. The...
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…(Part 1) earnings
... next week is really the lull before the storm for earnings. On Monday before the open we do get another big bank reporting--Bank of America (BAC). After that, though, its really tantalizing hints for the quarter about industrials, consumer goods, and technology....
Citigroup earnings demonstrate the market’s problem this earnings season
This morning before the open in New York Citigroup (C) reported third quarter earnings of $1.73 a share, 7 cents a share above the $1.66 Wall Street consensus. At $18.39 billion for the quarter revenue was slightly below projections of $18.47 billion. Wall Street...
Now who’s worried about a trade war? Certainly not buyers of U.S. stocks today
Today the Standard & Poor's 500 stock index and the Dow Jones Industrial Average both hit record highs. The NASDAQ Composite was up 0.99% as of 2 p.m. New York time. The iShares MSCI Emerging Markets ETF (EEM) advanced 0.95%. West Texas Intermediate crude was off...
My “best-estimate” scenario for the U.S. stock market for the next 60 days
Let's start with a perhaps less obvious question: Why 60 days? Because that will take us through the historically volatile months of September and October (when fear can beget fear) to the middle of November, which historically tends to mark a turn in the markets...
Middleby bounces back strong on Q2 earnings report today
That's better. Today, before the market opened in New York, Middleby (MIDD) reported second quarter earnings of $1.63 a share. That was 7 cents a share above Wall Street projections and 20.&% higher than the $1.35 a share reported for the second quarter of 2017....
Saturday Night Quarterback 2 says, For the week ahead expect…
...earnings, earnings, earnings for the big tech stocks that are so often the market leaders. (Saturday Night Quarterback 1 yesterday focused on the other big story this week, China tariffs.) Facebook (FB) Alphabet (GOG), Amazon (AMZN), Twitter (TWTR), and Intel...
Raising target price on Microsoft in Jubak Picks Portfolio after earnings
Going into yesterday's earnings report from Microsoft, I felt torn. On the one hand, the stock had hit an all time record high on the strong guidance for the June quarter back in April. How much higher could the stock go? Would guidance for the September quarter prove...
Trade war? What trade war? We’re back to the earnings rally today
U.S. stocks closed up on the fifth day out of the last six on a belief that Chinese rhetoric signaled a withdrawal from an immediate confrontation with the United States over trade. The shift wasn't huge. Chinese officials continued to stress that the government will...
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
...one more week of this technology driven, upward trend in the U.S. market as we head into the first tech earnings report with Netflix (NFLX) on Monday, July 16. Wall Street analysts are expecting huge earnings growth from the tech stocks that led the market upward...Jim’s Stock Alerts
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