Just Go With It
Trump hasn’t started a war. Yet. Other market worries like the French election also turned out to be overblown—so far at least. We’ve seen some zigs and zags in the past two weeks as the market bought into, then dismissed, then bought into the reflation trade. I remain cautious for both political and economic reasons […]
Southwest Airlines Warns Q2 Costs Will Rise As Q1 Earnings Miss
Written by StockNews.com Southwest Airlines Co. (NYSE: LUV) early Thursday posted worse than expected first quarter earnings results and warned that its costs would increase substantially in Q2. The Dallas-based airline operator reported Q1: earnings per share (EPS) of $0.61, which was $0.02 worse than the Wall Street consensus estimate of $0.63, revenues rose 1.2% from […]
Comcast Corporation, Ford Motor Company Shares Rise On Earnings
Comcast (CMCSA) and Ford (F) released their latest earnings reports before opening bell this morning. Ford reported adjusted earnings of 39 cents per share, compared to the consensus of 35 cents per share, on $39.15 billion in revenue, against the consensus of $34.7 billion. In last year’s first quarter, the automaker reported $37.7 billion in […]
Q1 GDP Takes Another Hit As Wholesale Inventories Slide In March
With non-hope-based GDP forecasts for Q1 at cycle lows, today’s wholesale inventories decline will not help. After dropping in January, and rebounding in Feb, March saw inventories drop 0.1% (against expectations of a 0.2% rise). This is the first quarterly decline in wholesale inventories since Q1 2016 (when the world was feared to be heading into recession). Yet another […]
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY – Thursday, April 27
Forecast for the EUR/USD currency pair Technical indicators of the currency pair: Prev Opening: 1.09276 Opening: 1.09032 Chg. % Of the last day: -0.21 Daily range: 1.08955 – 1.09209 52-week range: 1.0366 – 1.1616 Yesterday, the correction was observed on EUR/USD. In the Asian trading session, the trading was calm. The ECB meeting will take […]
ShoreTel, Inc. Shares Climb Up On Better Than Expected Revenue Numbers
ShoreTel, Inc. (SHOR), a business communication solutions company yesterday reported their fiscal third quarter financial results. ShoreTel reported a loss of $2.9 million for the third quarter. ShoreTel reported third quarter adjusted earnings of $0.01 per share with revenues of $87.7 million which beat analyst expectations of $84.5 million. ShoreTel, Inc. CEO’s Comments “Total revenue, profitability […]
Morning Call For Thursday, April 27
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM17 +0.17%) this morning are little changed, up +0.06%, after Preisident Trump ruled out a withdrawal from NAFTA. European stocks are down -0.40% ahead of today’s ECB meeting and press conference from ECB President Draghi that may provide clues as to when thee ECB may begin to exit […]
Dow Jones Industrial Average Doesn’t Know How To React To Trump Tax Plan
Wednesday was a big day for the United States. It was the day that the Donald Trump tax plan, or at least a brief overview of what the Trump administration plans to accomplish, was released. The goal of the tax plan is ultimately to stimulate growth in the United States economy. While the Dow started […]
Trading Apple Ahead Of Earnings
Apple (AAPL) is set to report second-quarter earnings this coming Tuesday. The drop in demand for the iPhone business will hit the quarter hard. The forecast for the next few quarters might come in weaker than expected as well. The good news is that the company has its services business to fall back on. Demand […]
More Short-Term Uncertainty As Stocks Get Close To Record High
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index). Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year’s all-time high: Intraday outlook (next 24 hours): bearish Short-term outlook (next […]
