January 20, 2018 | Daily JAM, Short Term |
Before Washington and the government shutdown stole all the headlines, the U.S. stock market was whipping up a good deal of enthusiasm about reports of fourth quarter earnings. Because the Securities & Exchange Commission gives companies more time to file end of the year annual financial reports than run of the mill quarterly reports, earnings season for the fourth quarter is especially drawn out, but we still get some important bellwether reports this week
January 17, 2018 | BAC, Daily JAM, Morning Briefing |
Certainly no one cheered this morning when Bank of America and Goldman Sachs announced big one-time hits from the recently passed tax bill, but as with JP Morgan Chase and Wells Fargo last week, the big deal for investors was what these huge financial institutions had to say about future quarters. And on that Bank of America and Goldman Sachs delivered differing degrees of optimism
January 13, 2018 | Uncategorized, You Might Have Missed |
Another week dominated by bank earnings reports will give traders and investors time to get really excited about the shift to earnings reports from other sectors in the week that begins on January 22. The big fourth quarter earnings reports for this coming week are Citigroup (C) on Tuesday (remember the market is closed on Monday for Martin Luther King’s birthday), Bank of America (BAC) and Goldman Sachs (GS) on Wednesday, and then finally some non-financial stocks on Thursday and Friday with IBM (IBM) and Schlumberger (SLB).
January 12, 2018 | Uncategorized, You Might Have Missed |
Going into earnings this morning from JPMorgan Chase (JPM) and Wells Fargo (WFC) what I wanted was an indication as to whether or not the stock market would care about the billions in one-time write offs that these banks would report for the fourth quarter due to the recently passed tax bill. That’s important because this one-time charge will show up on the earnings reports of other banks, of technology companies, and of big drug makers. On the early evidence today, the market doesn’t and won’t care.
January 1, 2018 | Daily JAM |
Traders and investors will spend the first few days after the New Year’s holiday catching up on random news and getting ready for the start of earnings season.
November 1, 2017 | Daily JAM, Stock Alerts |
Facebook (FB) announced third quarter earnings of $1.59 a share today after the market closed. That was 31 cents a share better than the Wall Street consensus. Revenue climbed 47.3% year over year to $10.33 billion, ahead of projections for $9.84 billion. Last quarter...
October 28, 2017 | Daily JAM, Uncategorized |
A very heavy week for earnings will reach a crescendo on Thursday, November 2 with reports from Alibaba and Apple. The excitement isn’t surprising after the huge earnings that Amazon (AMZN), Alphabet (GOOG), Microsoft (MSFT), and Intel (INTC) delivered this past Thursday, October 26. This week Facebook (FB) is the Wednesday, November 1, warmup act.
October 26, 2017 | AMZN, Daily JAM, GOOG, Stock Alerts |
Just the bare facts. And on the bare facts of earnings from Alphabet, Amazon, Microsoft, and Intel it's hard to see the market doing anything but climbing tomorrow. Alphabet (GOOG) beats by $1.17 a share on earnings. Revenue climbed 23.7% yer over year to $27.77...
October 24, 2017 | Daily JAM, Uncategorized |
Before AMD’s earnings report on October 24, traders had speculated that the company’s earnings would be a useful indicator for what Nvidia (NVDA) would report on November 9. After all, the two companies do compete in some of the same markets with processors for gaming, and servers, and, increasingly for chips with parallel architectures used in artificial intelligence and autonomous driving applications. But AMD dropped almost 11% after it reported. Does that have any significance for Nvidia?
October 15, 2017 | Daily JAM |
Last week, the Standard & Poor’s 500 went just about no where. We started the week at 2549 on the S&P 500 (that was the October 6 close) and ended at 2553 at the close on October 13. Check my math but that’s 4 points on the week for an index at 2550. That qualifies as massive sideways. Which can be a good thing.
September 14, 2017 | AAPL, Daily JAM, Morning Briefing |
Wall Street has started to pick at the details of Apple’s (AAPL) September 12 iPhone event. And it’s not liking all the details on second (or third) look. Apple’s shares finished down 0.86% today, September 14. Apple has closed lower in all three trading sessions since the product announcement. Not massively but still…
July 31, 2017 | AMZN, Daily JAM, FB, Morning Briefing, Short Term, Volatility, You Might Have Missed |
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