Good news: What we now know about this coming earnings season
It’s still very early in third quarter earnings season, but I think we can already see a pattern. First, for the quarter, it looks like a large percentage of companies will report earnings above analyst estimates. Second, CEOs are pushing out their worries about...
Earnings worries on deck
This week brings a transition from a market dominated by speculation about the pace of interest rate cuts by the Federal Reserve to worries about earnings and the growth rate for corporate profits. Don’t worry we’ll still see plenty of economic news with the potential...
3M plunges as company delivers exactly the kind of bad earnings news investors fear
3M (MMM) fell 11.03% today, Tuesday, January 23, the most in nearly five years, after announcing projections for 2024 sales and earnings below Wall Street expectations. Now granted that 3M is a special case–the company is engaged in a huge restructuring effort...
Will the Magnificent Seven stocks let the market down?
The Magnificent Seven stocks accounted for virtually all of 2023’s 24% stock market gain. The Magnificent Seven stocks are Alphabet (GOOG), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA). And according to Wall...
Earnings season starts–Part 1 banks to disappoint
Earnings season for the fourth quarter of 2023 begins on Friday, January 12 with reports from the big banks: JPMorgan Chase (JPM), Wells Fargo (WFC), Citigroup (C), and Bank of America (BAC). Which means that earnings season is going start off with a dull thud. More...
Amazon and Intel both soar on earnings but don’t take the wider market up with them–that’s not a good sign
You can tell a lot about market sentiment by watching how it reacts to good news from individual stocks. Yesterday, both Amazon (AMZN), a current market leader, and Intel (INTC), a former market leaders and still an important technology sector stock, both reported...
Earnings from Nvidia and Walmart could move the market this week
Expect a ton of earnings reports as third-quarter earnings season hits its stride. A few could even move a sector or maybe even the market as a whole. The biggie for the week, I’d argue, is Nvidia (NVDA) on Wednesday, November 16, after the market close. But...
Please watch my new YouTube video: Earnings Not as Bad as They Could Be
My one-hundred-and-sixty-second YouTube video “Earnings Not as Bad as They Could Be” went up today. Microsoft (MSFT) serves as my example. We’re seeing some companies that, despite very meager earnings growth, give investors the impression that...
American Airlines up 10% on positive revenue forecast, drags Delta and United higher
Today, July 12, shares of American Airlines (AAL) closed up 9.98%. The company announced that it expects to post a pretax profit of $585 million in the second quarter as vacationers pack planes during the summer peak season. The company expects revenue to be about 12%...
2 July Volatility Events to Watch Out For (or Maybe Profit From)
I see 2 big volatility events ahead of us in July that are powerful enough to move stocks. Get on the right side of these and there’s money to be made. Here’s how I handicap these two events. First, the Consumer Price Index report on inflation for June is...
Wall Street analysts cut earnings estimates for Q2–how significant is that?
As of June 3, FactSet reports, analysts had cut their earnings estimates during the first two months of the quarter for second quarter earnings by companies in the Standard & Poor’s 500 by 1.3% to $55.36 from $56.06. How significant is that? And what does...
Good enough earnings from Coke and Pepsi, adding both to additional portfolios
Neither company crushed Wall Street earnings expectations, but both reported good enough news in a very tough environment. I own PepsiCo in my long-term 50 Stocks Portfolio, where it was up 220.4% from my initial December 30, 2008 pick as of the close on April 26. I...
This week is last stand for growth stock earnings hopes
Going into this earnings season, the hope was that strong, surprisingly strong perhaps, earnings from the big growth stocks would put a stop to the selling. Earnings would be strong enough to convince investors that the market wasn’t over-valued since at these...
Please watch my new YouTube video: 3 Picks on Tech Stock Guidance
I’m starting up my videos again–this time using YouTube as a platform. My ninetieth YouTube video “3 Picks on Tech Stock Guidance” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
Even good earnings and guidance, and decent inflation news from P&G can’t push stocks higher today
Procter & Gamble (PG) reported adjusted earnings of $1.66 a share for its fiscal second quarter. Analysts had expected the company to report earnings $1.65 a share. Revenue of $21 billion also came in ahead of Wall Street projections $20.34 billion. Organic sales...
Watch my new YouTube video: Look Out for Earnings Season
I’m starting up my videos again–this time using YouTube as a platform. My seventy-eighth YouTube video “Look Out for Earnings Season” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
Big bank earnings this week won’t tell us what we need to know about this quarter’s reports
Big bank earnings arrive on Wednesday and Thursday but, unfortunately, they won’t tell us anything useful about the margin pressures from rising global supply chain shipping costs or higher prices for raw materials. Those are the factors that could produce a...
Look for pre-earnings season volatility in big names this week–even after today there’s more to come
Watch for volatility in individual stocks, especially in the technology and retail sectors (or anywhere else supply chain snafus are forecast to hurting sales or production) as money managers work to position their portfolios for a chaotic third quarter earnings...
Signs of a rocky earnings season to come in Micron Technology warning
Earnings season (for the third quarter for most companies) starts on October 13, two Wednesdays from today, when big banks such as JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo (WFC) report their results for the period that ends on September 30....
We’re on the march from the story of fabulous second quarter earnings growth to a less certain earnings picture for the third quarter
Look for attention to start to shift from the amazing earnings growth story in the second quarter to increasingly uncertain projections for the third and fourth quarters of 2021. It’s not an official finish line, mind you, but second quarter earnings season...
A tried and true earnings game boosts Microsoft another 1.23% today
After picking up; 1.3% yesterday, shares of Microsoft added 1.23% today, Friday, July 23, as Wall Street analysts raised earnings estimates ahead of the company’s July 27 earnings report. It’s a tried and true earnings season game: No analyst wants to be...
Trying to walk a fine line on sentiment over the next three months
Here’s my take on market sentiment over the next three months. First, in the very short-run, for the next four weeks of earnings season, it’s hard for me to imagine that investors and traders will sell ahead of one of the biggest surges in year over year...
Watch my new YouTube video: 3 Picks for the Earnings Blowout
I’m starting up my videos again–this time using YouTube as a platform. The thirtieth YouTube video “3 Picks for the Earnings Blowout” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
It’s not that Wall Street loved the potential Biden tax hikes today after hating them yesterday–it’s just that the market remembered there’s profit to be made today while the tax increases are a long way off–if ever
Yesterday, a quite promising early stock market rally got derailed on news stories–based on anonymous sources–that the Biden administration would propose tax increases on wealthy Americans and corporations. The speculation points to an increase in the top...
Netflix misses badly on subscription growth
This won’t help an already nervous market one bit. Today, April 20, after the close Netflix (NFLX) reported first-quarter subscriber growth way below projections. The stock was down 1.21% in after-hours trading as of 4:30 p.m. New York time. Revenue of $7.16...
Is your portfolio ready for earnings season?
Earnings reports for the first quarter of 2021 start rolling in on April 14 with JPMorgan Chase (JPM) and Wells Fargo (WFC) both reporting before the stock market open. The big question is how much of the huge year over year earnings growth is already in the price of...
Look for Q1 and Q2 earnings forecasts to continue the rally
Wall Street is looking for a record quarter for earnings growth for the first quarter of 2021 to keep the stock market trend pointing upward. The first earnings report for the quarter are due from the big banks on April 14 and 15. On April 1 FactSet reported that the...
Watch my new YouTube video: “3 picks for earnings season”
I’m starting up my videos on again–this time using YouTube as a platform. The seventeenth YouTube video “3 picks for earnings season” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
GameStop turmoil doesn’t hinder broad market rally
Sure GameStop (GME) shares fell 60% today, February 2, at the close but that didn’t stop a rally in the broad market. For the day, the Standard & Poor’s 500 gained 1.39% and the Dow Jones Industrial Average rose 1.57%. The NASDAQ Composite added 1.56%...Jim’s Daily Email Alerts:
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