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S&P 500 Earnings Dashboard 23Q3 – Tuesday, Oct. 24

S&P 500 Earnings Dashboard 23Q3 – Tuesday, Oct. 24

Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is 1.7%. If the energy sector is excluded, the growth rate for the index is 6.4%. Of the 118 companies in the S&P 500 that have reported earnings to date for 23Q3, 81.4% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q3 Y/Y blended revenue growth estimate is 1.1%. If the […]
Bill Ackman Exits His Short Position – Here Is Why

Bill Ackman Exits His Short Position – Here Is Why

Image Source: Pixabay In this video, Gareth Soloway reveals the power of charts and social media… Gareth explains why Bill Ackman exited his short positions and what you need to know going forward.Video Length: 00:02:42More By This Author:Crypto Is Moving A Reality That We All Must Be Aware Of: Why The S&P Down Side Potential Is […]
What Wall Street Experts Are Saying About Microsoft Ahead Of Earnings

What Wall Street Experts Are Saying About Microsoft Ahead Of Earnings

Image Source: Pixabay Microsoft (MSFT) is scheduled to report results of the first quarter of its fiscal year 2024 after the market close on Tuesday, October 24, with a conference call scheduled for 5:30 pm ET. What to watch for: CLOUD AND AI: In its fiscal fourth quarter, the company reported Microsoft Cloud quarterly revenue of $30.3B, up 21% […]
Options Market Expectations For Microsoft And Alphabet

Options Market Expectations For Microsoft And Alphabet

As we noted yesterday, this week is consequential for corporate earnings overall, and the “Magnificent Seven” specifically. There is a reasonable probability that this afternoon’s reports from two behemoths — Microsoft (MSFT) and Alphabet (GOOG, GOOGL) – could cause a significant broad market jump or drop if their stocks move sharply in the same direction.  As we […]
Watch These 5 Homebuilder Earnings Charts This Week

Watch These 5 Homebuilder Earnings Charts This Week

Image Source: Unsplash Earnings season really kicks into high gear this week with over 900 companies expected to report including several of the Magnificent 7 companies and dozens of other S&P 500 companies as well.Every sector will be represented but investors may want to tune into the homebuilders this week. The homebuilders have staged a massive […]
Do Not Ignore The Federal Reserve’s Warnings

Do Not Ignore The Federal Reserve’s Warnings

Image Source: Pixabay Whether or not you like their monetary policy, do not ignore the Federal Reserve’s warnings. As the central bank of the US, it is an independent body that will do whatever is necessary to keep the financial system afloat.With that said, they do have a trust issue. For many years it was difficult […]
Are The Chinese Selling Dollars To Buy Gold?

Are The Chinese Selling Dollars To Buy Gold?

Image Source: Pixabay Are the Chinese selling US dollar-denominated assets to buy gold?It sure looks that way.Chinese investors sold $21.2 billion in US assets in August alone – primarily US Treasury bonds. Meanwhile, the Chinese government has been buying gold at a steady pace.Writing at FXEmpire , analyst Vladimir Zernov said there are two dynamics driving the Chinese […]
Strong Earnings Help Stocks To Midday Gains

Strong Earnings Help Stocks To Midday Gains

Wall Street is notably higher midday, thanks to a strong batch of corporate earnings reports. Treasury yields are still on investors’ minds, but the 10-year note was last seen hovering just below the 5% mark. The Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) are up triple digits, while the S&P 500 (SPX) sits firmly in […]
Re-Steepening Yield Curve Signals Financial Trauma In Motion

Re-Steepening Yield Curve Signals Financial Trauma In Motion

Image Source: Pixabay In the past few months, short-term treasury yields have risen more than long-term such that the yield curve, which has been inverted since April 2021, is now un-inverting. This move typically signals the near-term onset of recession and the worst stock market losses.The chart below from my partner Cory Venable shows the move […]
ECB Bank Lending Survey Signals That Tighter Policy Is Working

ECB Bank Lending Survey Signals That Tighter Policy Is Working

Image Source: Pixabay The bank lending survey by the ECB shows that weaker economic conditions and higher interest rates are having a clear impact on borrowing. This is a sign that monetary transmission is working rather forcefully at the moment and will be taken by the ECB as a reason not to hike further, especially given […]