This week we are in the throes of an earnings season and trade meetings that could shape the market outlook for stocks in the back half of 2018. Those same drivers will have the market trade day-to-day in the very near-term. We discuss that as well as share updates on Dycom (DY), Nokia (NOK), AXT Inc. (AXTI), Farmland Partners (FPI), Paccar (PCAR) and United Parcel Service (UPS).
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As the stock market continues to see-saw back and forth based on the latest headlines emanating on the geopolitical front, we’re adding back shares in this Cashless Consumer company to the Tematica Investing Select List, and checking in on several other Select List positions. With 1Q 2108 earnings season kicking off next week, we’re likely to see the uncertainty of the last few weeks play out in corporate guidance, making the market volatility to continue. Our perspective should be it’s a chance to scoop up well thematically positioned companies at better prices.
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Fiscal policy is hitting the accelerator pedal while central bankers are hitting the breaks in a market in which many participants have never experienced a major pullback. This is going to get interesting!
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As we discussed earlier, heading into the third quarter earnings season, we have above average level of positive guidance in terms of both top line sales and earnings as well as lower-than-average negative earnings guidance. We pointed out yesterday, however, that an uncomfortable portion of that guidance is driven by gains from a weak dollar […]
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Goldman Sachs CEO shares his view the current stock market is unnerving, and we explain why he probably things that.
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The major equity indices are struggling.Today the Nasdaq posted its third consecutive down Today the Nasdaq posted its third consecutive down day after last Friday’s close marked the fourth consecutive down week for the index. This is now its longest losing streak since May 2016 with only one-third of Nasdaq stocks trading above their 50-day moving averages […]
read more »The markets have had quite the run-up based on the assumption that this time things are different with Trump in the White House, but sky-high valuations make sense and economic realities, such as an aging population, are no anchor.
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An article in the WSJ today reminded me of Bob Farrell’s rule #5: The public buys the most at the top and the least at the bottom. Eight years into the bull market with more than a tripling of the major indices and the retail investor has decided to jump in with both feet, plowing […]
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As the stock market continues to melt higher, our weekend reading turned up two charts that add to our already increasingly cautious view in the near-term stock market.
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This morning I was on Varney and Company on Fox Business talking about the impressive run-up in U.S. stock indices. While we were on air, the U.S. markets opened and shortly thereafter the Dow broke to new highs at 20,700. Only one other president in history has seen such remarkable gains since their election. After […]
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