RoboStreet – October 28, 2021 Earnings Season Full Of High Profile Beats And Misses Despite some big disappointments from several Wall Street blue blood companies, the market has traded to new all-time highs this week on the back of generally strong third-quarter results. Shares of IBM Corp. (IBM), Intel Corp. (INTC), Texas Instruments Inc. (TXN) […]
Markets traded to mixed results on Wednesday as another major batch of earnings was released with MSFT, GOOGL, and V reporting yesterday. Before today’s market open McDonald’s, Coca-Cola, and Boeing released Q3 data while Ford, Twilio, and eBay are due after market close. Key earnings announcements that can influence the market direction this week include […]
Key earnings announcements that can influence market direction this week include FB, AAPL, and AMD. Additionally, earnings from MSFT, GE, TWTR, V, and GOOGL are due on Tuesday; Boeing, McDonald’s, Coca-Cola are set to release Wednesday. With last week’s Beige Book behind us, earnings season remains the main event that can influence the market direction […]
RoboStreet – October 21, 2021 Markets Revisit High On Strong Consumer Spending It’s pretty common knowledge that consumer spending drives 70% of GDP, which is forecast to end the year at around 5.7% according to S&P Global Economics. The most recent retail sales data for September released on October 15 showed a stunning increase of […]
Following today’s Beige Book release, major U.S. indices closed to mixed results as the Dow Jones and S&P finished in the green while the Nasdaq closed modestly lower. Moderate pace growth and pressure from inflation and labor shortage were reported in the Beige Book. Additional takeaways from the report showed supply-chain bottlenecks have continued and […]
Last week, U.S. indices snapped a multi-day losing streak to finish the weak in the green as the latest earnings season kicked off with major banks alongside the minutes from the latest Federal Open Market Committee meeting. Stronger than expected retail sales data, released on Friday, also supported markets global production and distribution concerns bubbled […]
RoboStreet – October 14, 2021 Lower Yields Trigger Fresh Buying In Tech Sector This week’s inflation data was being taken as a tipping point for the market to either contain the correction to 5% or open the way lower. Tuesday’s CPI read for September of 0.4% versus 0.3% forecast and Wednesday’s PPI read of 0.05% […]
Earnings season kicked off with JPM, BLK, and DAL releasing earnings today alongside the minutes from the latest Federal Open Market Committee meeting. U.S. indices snapped a multi-day losing streak as S&P and Nasdaq closed in the green while the Dow finished flat. Currently, the VIX is trading near the $19 level, gold futures and […]
The main catalyst to the market in the coming weeks will be the upcoming earnings season, set to kick off with major banks on Wednesday. JPM, DAL, and TSM are key earnings announcements this week that can potentially influence the market direction. The VIX returned to trade near the $19 level as U.S. markets dipped […]
RoboStreet – October 7, 2021 Market Oscillations Beginning To Ebb Stocks are getting a lift from what is viewed as relief from some of the fears that have engulfed investor sentiment for the past few weeks. The resolution to raise the federal budget debt ceiling, Russia’s assurance to Europe that it will increase natural gas […]
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