Tom Essaye joins Yahoo Finance’s Brian Sozzi, Alexis Christoforous and Jared Blikre to discuss the latest market action on The First Trade. Click here to watch the full interview.
Major indexes are mixed today after major companies like Microsoft, Twitter, and Tesla reported earnings. Founder of The Sevens Report Tom Essaye joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss. Click here to watch the full video.
Tom Essaye, founder of Sevens Report Research, said this week there are three reasons why the S&P 500 won’t be breaking out above its summer highs in the 3,027 range unless investors see better trade news:
The Phase I deal provided no relief from current trade war tariffs and it contained no provisions that would boost global growth from current levels. The December tariff increases are still in play, so the Phase I deal didn’t even eliminate market uncertainty over whether things could get worse from here.
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“Bottom line, worries about the economy spiked this week, and the last thing this market needs is a soft jobs number to reinforce the idea that any trade truce next week between the U.S. and Chins is ‘too late’ to help manufacturing sentiment. So, it’s not often the case, but the stronger this jobs report, the better, as a strong report will help calm any…” says Sevens Report Research founder Tom Essaye. Click here to read the full article.
“I think I would stay away from it [Peloton] for now, that’s for sure. That was not a successful deal for anyone other working at Peloton in the beginning,” said Sevens Report Research founder Tom Essaye on Yahoo Finance’s The First Trade.
Essaye added, “I think part of the failure of some of these high-flying IPOs is making me a little nervous. I don’t have any hard or fast…” Click here to watch the full video.
“It’s a reminder that this is a risk they’ve never had before and you have to take that into account from a valuation standpoint. The president has a belief that social media…” said Tom Essaye, a former Merrill Lynch trader who founded the Sevens Report newsletter. Click here to read the full article.
Stocks quickly rolled over Thursday after the comments came to light, finishing near the lows of the session. As Sevens Report Research founder Tom Essaye wrote to clients, the algos that scan the internet for headlines took control after Pillsbury’s comments. The machines were right to…Click here to read the full article.
“SmileDirectClub is a show me the money story,” Invesco global market strategist Brian Levitt said on Yahoo Finance’s The First Trade. Sevens Report Research founder Tom Essaye echoed Levitt’s sentiment, adding the stock could stay under pressure near-term as investors grow comfortable with the thesis…Click here to read the full article.
Tom Essaye, editor of the Sevens Report newsletter, says he favors being conservative with tactical investments at this time. Real estate can be a solid holding in the current…click here to read the full article.
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