Earnings Season Takeaway (Mild Positive)

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What’s in Today’s Report:

  • Earnings Season Early Takeaway (Mildly Positive)
  • Sector Winners From a U.S./China Trade Deal Announcement (It’s Coming Any Day Now)
  • EIA and Oil Market Update

Futures are little changed following a generally quiet night as earnings remain in focus.  Economic data was sparse overnight and isn’t moving markets.

Results after hours Wednesday were good as FB and MSFT both beat estimates, although that’s being offset partially by ugly MMM results this morning.

Today there are two notable economic reports, Durable Goods (E: 0.8%) and Jobless Claims (E: 209K) and it’ll be important to see some sort of stabilization in business spending via Durable Goods.

But, the real focus today will remain on earnings, as we get several important reports.  If numbers are good in aggregate, this rally can continue.  Some earnings we’re watching include – Pre-Open: UPS ($1.42), MMM ($2.50), MO ($0.92).  After the Close: AMZN ($4.72), INTC ($0.87), SBUX ($0.56).

The Case for Healthcare

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What’s in Today’s Report:

  • The Case for Healthcare

Stock futures are flat as yesterday’s melt-up rally to new all-time closing highs in the U.S. is digested while overseas markets were mixed amid underwhelming economic data.

The German Ifo Survey for April missed on both the Economic Sentiment and Current Conditions components but slightly beat on Business Expectations. On balance the report validates ongoing concerns about the EU economy.

There are no economic reports due out in the U.S. today and no Fed officials are scheduled to speak which will leave investors focused on the busy earnings calendar this week.

Notable earnings releases today include: BA ($3.11), CAT ($2.84) and T ($0.85) before the open, and FB ($1.65), MSFT ($1.00), PYPL ($0.67) and V ($1.24) after the close.

Tom Essaye Interviewed with Bloomberg’s Daybreak Asia on April 22, 2019

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Tom Essaye joined Doug Krizner and David Ingles on Daybreak Asia to discuss markets, inflation, Fed and more. Click here to listen to the entire interview.

Tyler Richey Quoted in Bloomberg on April 22, 2019

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“It’s been made clear that Trump is very serious about enforcement of the sanctions,” said said Tyler Richey, co-editor at Sevens Report Research in Palm Beach Gardens, Florida. “The question is how much will their exports fall versus how much and how quickly can Saudi Arabia and other…Click here to read the full article.

Tyler Richey Quoted in MarketWatch on April 19, 2019

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Tyler Richey Quoted in MarketWatch on April 19, 2019. The $33 billion deal “refocused the energy markets on the U.S. shale industry…and Russia took notice as the nation’s finance minister…” Click here to read the full article.

Tyler Richey Quoted in Barron’s on April 18, 2019

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Tyler Richey Quoted in Barron’s on April 18, 2019. The $33 billion deal “refocused the energy markets on the U.S. shale industry…and Russia took notice as the nation’s finance minister…” Click here to read the full article.

Tyler Richey Quoted in Bloomberg on on April 12, 2019

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“There’s not many people who are willing to short this market. We could be near a market top…” Tyler Richey quoted in Bloomberg. Click here to read the full article.

Tyler Richey

Tom Essaye Quoted in Fin24 on April 22, 2019

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“It’s going to take something else to push the S&P 500 to new all-time highs. That was the main takeaway from last week…”

Tom Essaye

Tom Essaye Quoted in Bloomberg on April 21, 2019

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What would it take the push the market to new all-time highs? Tom Essaye quoted on Bloomberg to share his view on the market, U.S. – China trade, Fed and more. Read the full article here.

 

Why Average Inflation Matters

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What’s in Today’s Report:

  • Why Average Inflation Matters to You

Stock futures are slightly lower this morning after a quiet night of news. There were no economic releases overnight leaving investor focus primarily on earnings.

Oil is notably hitting fresh 2019 highs this morning which should continue to drive outperformance in the energy sector today.

Looking to the calendar for today, there is one economic report due out of Europe: Eurozone Consumer Confidence Flash (E: -6.9) and two reports on the U.S. housing market: FHFA House Price Index (E: 0.4%) and New Home Sales (E: 645K). There are no Fed speakers today.

Additionally, price action in stocks has been especially sensitive to the bond market since the March Fed meeting and while volatility has eased in both markets, there is a 2 Year Treasury Note Auction at 1:00 p.m. ET that could move markets.

Investors’ primary focus however will remain on earnings. Some notable releases today include: TWTR ($0.15), KO ($0.46), PG ($1.04), SNAP ($0.12), and EBAY ($0.63).