Thursday’s session was a roller coaster. It started out with a hotter than expected January CPI Report at 8:30am EST. The stock market initially gapped down but rallied back to breakeven in about an hour – though the yield on…
The January Consumer Price Index (CPI) report came in hotter than expected Thursday morning sending the yield on 10 year treasuries above 2% for the first time since 2019. As a result, futures markets are now pricing in a more…
Disney (DIS) reported sparking 4Q21 earnings after the close Wednesday. Disney’s streaming service Disney+ continues to grow extremely rapidly adding more than 10 million subscribers in the quarter to reach 129.8 million from 118.1 million at the end of 3Q21….
$35 billion Tyson Foods (TSN) reported 4Q21 earnings Monday morning and their report shows that it’s time for value stocks. TSN’s Revenue grew 24% and Adjusted EPS 48% resulting in a 10% jump in the stock to all time highs….
While Amazon (AMZN) hogged all of the attention after the close Thursday, there were a number of other earnings reports worth looking at. One of the most interesting was Snapchat (SNAP). SNAP is a social media app favored by the…
Google (GOOG/GOOGL) reported 4Q21 earnings after the close Tuesday and they were a thing of beauty. Revenue increased 32% to $75 billion resulting in a 38% increase in diluted EPS to $30.69. GOOG/GOOGL had revenues in excess of $250 billion…
Fed Chair Jay Powell finds himself in a bit of a bind ahead of Wednesday’s Fed Decision and press conference. On the one hand, he faces a crashing stock market; on the other, raging inflation. The tone he strikes in…
Wednesday morning, storied consumer goods company Procter & Gamble (PG) reported 4Q21 earnings. PG is a $400 billion behemoth and you likely use many of its products everyday like Crest toothpaste, Charmin toilet paper, Tide laundry detergent and Head and…
Up until this point, we have experienced what I have termed a “stealth bear market”. That is, many of the important but not leading stocks have been beaten down. For example, as Willie Delwiche tweeted yesterday in the chart above,…
$20 billion used car retailer CarMax (KMX) reported earnings for the quarter ended November 30 Wednesday morning. While the top line was on fire at +65% this didn’t translate to the bottom line with EPS up only 15%. Why? Similar…