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Tech Flexes Earnings Power: A Closer Look

Tech Flexes Earnings Power: A Closer Look

Image Source: Unsplash Total Q3 earnings for the 258 S&P 500 members that have reported results through Wednesday, October 30th, are up +8.9% on +5.0% higher revenues, with 74.4% beating EPS estimates and 59.3% beating revenue estimates. Looking at Q3 as a whole, combining the actual results from the 258 index members that have reported with […]
Markets Give Back Gains As Hovering Continues

Markets Give Back Gains As Hovering Continues

Image Source: UnsplashMarket indexes could not hold onto earlier gains this afternoon, and all closed near session lows. The moves were mild, though — as we’ve stated in this space previously, the big news the market is waiting for is not here yet: Friday’s Jobs Report, next week’s Fed decision on interest rates, and, of course, […]
This Plane Has Landed Safely

This Plane Has Landed Safely

Image Source: PexelsThe Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 2.8% annual rate in the third quarter. That’s close to the long-run historical average of 3.1%. With inflation coming down, I think we now can declare that the Fed has achieved the admirable but difficult objective of a “soft landing” […]
Stepping Back From Silver Until The Election Dust Settles

Stepping Back From Silver Until The Election Dust Settles

Image Source: PixabayI own a lot of physical gold and silver, and I had planned to amass a VERY large position in PSLV.I established a medium-sized position, got out at a good profit a couple of days later, and since then have tried entering and exiting a few times, losing money in each instance (but preserving most of my earlier profits). This morning was the last straw. As thrilled as […]
GBP/USD Weakens Below 1.3000 As Traders Brace For US PCE Data

GBP/USD Weakens Below 1.3000 As Traders Brace For US PCE Data

Photo by Colin Watts on Unsplash  GBP/USD softens to near 1.2955 in Thursday’s early Asian session.  The UK’s Labour government raised taxes by £40 billion in the new budget plan.  Flash US GDP expanded at an annualised rate of 2.8% in Q3.  The GBP/USD pair extends the decline to around 1.2955 during the early Asian session on Thursday. The […]
Blockbuster Hiring And American Spending Sprees Set To Complicate The Fed’s December Move

Blockbuster Hiring And American Spending Sprees Set To Complicate The Fed’s December Move

Image source: Pixabay MARKETSU.S. stock indices mostly churned through the day but took a late hit as a sharp selloff in high-flying chipmakers dragged stocks lower. Equities erased earlier gains after a 3.4% drop in the semiconductor index, with Nvidia and weaker-than-expected results from Advanced Micro Devices (AMD) leading the rout. Sky-high valuations met a stubbornly […]
Stocks And Rates Are Nearing Very Important Technical Levels

Stocks And Rates Are Nearing Very Important Technical Levels

The S&P 500 finished the day down by about 30 basis points, while the Nasdaq 100 closed lower by around 75 basis points. In terms of breadth, it was a fairly balanced down day, with about 270 stocks down in the S&P 500 and around 230 higher.The index has traded chiefly sideways since it broke the […]
Here’s What Wall St. Experts Are Saying About These Media Names Ahead Of Results

Here’s What Wall St. Experts Are Saying About These Media Names Ahead Of Results

Image Source: Unsplash Comcast (CMCSA) is scheduled to announce quarterly results on October 31, while Warner Bros. Discovery (WBD) and Paramount (PARA) are expected to report earnings on November 7 and 8, respectively. What to watch for: POSITIVE VIEW, HIGH VALUATIONS: Earlier this month, Scotiabank raised the firm’s price target on Comcast to $47.75 from $47.25 and kept a Sector Perform rating on […]
AbbVie’s Dividend Isn’t As Scary As It Looks

AbbVie’s Dividend Isn’t As Scary As It Looks

Since Halloween is tomorrow, in this week’s Safety Net, we’re going to take a look at a dividend that many investors are afraid of.For as long as I can remember, Wall Street has been scared silly about AbbVie (NYSE: ABBV).The rub on AbbVie is that Humira, the company’s top revenue generator and the biggest-selling drug in the […]
Election Effect: How Presidential Votes Shape Stock Markets Long And Short Term

Election Effect: How Presidential Votes Shape Stock Markets Long And Short Term

Image Source: Pixabay Election Effect: How do elections impact stock markets? One of the most often asked questions Professor Nathan Mauck and myself, Chuck Carnevale, are getting from investors is what is going to happen after the election? Elections are big deals and they bring a lot of investor anxiety – election effect!We both agreed to […]