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An Update from Dr. Copper

April 26, 2019/in Investing/by Tom Essaye

What’s in Today’s Report:

An Update from Dr. Copper

Futures are little changed following more U.S./China trade optimism and mixed earnings.

President Trump said he expects to host Chinese Premier Xi at the White House “soon” and a trade deal could be signed in June.

Earnings after the bell were mixed at INTC badly missed, while F and AMZN both posted solid numbers.

There was no material economic data overnight.

Today should be a generally quiet day as the volume of earnings reports subsides (reports we’re watching include XOM ($0.75), AAL ($0.50) and CVX ($1.26)) and are just two economic reports: Preliminary Q1 ‘19 GDP (E: 2.2%) and Consumer Sentiment (E: 97.1). If GDP is a bad miss (which is unlikely) that might temporarily pressure stocks, but really markets are already looking ahead to next week, which is absolutely full of important macro events and continued earnings.

Earnings Season Takeaway (Mild Positive)

April 25, 2019/in Investing/by Tom Essaye

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

April 24, 2019/in Investing/by Tom Essaye

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.