What a difference a week can make! Just last week, the broad market was hitting new highs as investors celebrated strong earnings reports. Then, Fed chair Jerome Powell hosted a press conference in which he discouraged reporters from expecting an interest rate cut this year. And over the weekend, Trump shifted his tone on the … Read more
Lyft reported a huge loss for its first quarterly earnings report as a public company Tuesday, but said it made strides in growing its active ridership. The stock fluctuated following the report but was down about 1% after executives’ call with analysts. Here’s how Lyft’s report compared to analyst expectations for its first-quarter of 2019: … Read more
U.S. stock index futures pointed to a third day of losses on fears the U.S. and China would be unable to resolve a dispute over a proposed trade agreement before new tariffs threatened by President Trump are implemented Friday. Chinese trade officials backtracked on key aspects of a trade deal draft, undercutting hopes that the Chinese … Read more
With a solid U.S economy, Americans are stocking their shelves with the brand names they know and love rather than bargain products. Companies like Coca-Cola, Procter & Gamble, Hershey’s and Colgate all crushed earnings estimates… In turn, these strong reports helped push the Consumer Staples ETF (XLP) to a 52-week high last week. But not … Read more
Stocks are taking a lick for the second straight session. We can blame tariffs as the catalyst, as they are set to increase to 25% on $200B of Chinese goods starting Friday, according to U.S. Trade Rep Lighthizer. However, discussions are still ongoing, and there is always a chance something changes before Friday. Stock futures … Read more
FREE DOWNLOAD – The Rebel’s Guide to Trading Options – How to Protect & Profit in any Market Free TheoVideo Report – for Tuesday, May 7, 2019 by Corey Rosenbloom As stocks tumble from the highs, Corey provides a quick overview of the four equity markets, VIX futures, and related markets such as Crude Oil, … Read more
U.S. stock index futures were lower on Tuesday morning, as market participants continued to monitor trade relations between the U.S. and China. At around 5:40 a.m. ET, Dow futures indicated a decline of more than 130 points at the open. Futures on the S&P and Nasdaq were also lower. Wall Street ended Monday’s session moderately … Read more
FREE DOWNLOAD – The Rebel’s Guide to Trading Options – How to Protect & Profit in any Market Free TheoVideo Report – for Monday, May 6, 2019 by Don Kaufman The administration’s announcement of potential new tariffs with China kicked off aggressive selling overnight. However, once the cash session was open, market participants shrugged off … Read more
Today is all about Warren Buffett. That’s because over the weekend, Buffett’s conglomerate, Berkshire Hathaway, held its annual shareholder meeting in Omaha, Nebraska. And although the main attraction was a six-hour Q&A session with Warren Buffett and Charlie Munger, what’s really important are the subtle insights into Berkshire’s stock picking strategies that were shared throughout … Read more
Stocks closed the week in sizzling fashion, with the Nasdaq hitting record highs and the S&P 500 nearly getting there too. The catalyst on Friday was better than expected jobs number. It’s been reported that unemployment has now reached 49-year lows and that wages are finally rising. The market also got a boost earlier this … Read more