4Q22 earnings season picks up steam next week. While the headliners are Microsoft (MSFT) and Tesla (TSLA), I’m focused on credit card companies Capital One Financial (COF) and American Express (AXP), railroads Union Pacific (UNP) and CSX, and home builder…
Netflix (NFLX) reported 4Q22 earnings after the close just now. Net streaming subscribers – its key metric – beat expectations, increasing by 7.66 million. NFLX stock is currently +5% in the after hours. While the 4Q22 net streaming additions number…
Credit card company Discover Financial Services (DFS) reported 4Q22 earnings after the close Wednesday. DFS has a total loan portfolio of $112 billion – $90 billon of which is credit cards. When consumers start feeling financial stress, it shows up…
Goldman Sachs (GS) is the premier investment bank in the world and arguably the greatest of all time. However – after an analysis of its 4Q22 earnings – I believe it is a bull market stock and should be sold….
The market is closed on Monday January 16 for Martin Luther King Day. Goldman (GS) and Morgan Stanley (MS) report earnings Tuesday morning. The big event next week may come from the Bank of Japan which I believe will make…
This morning the Big 4 commercial banks – JP Morgan (JPM), Bank of America (BAC), Wells Fargo (WFC) and Citigroup (C) – kicked off 4Q22 earnings season. And while the current results looked fine, I expect the banks to run…
There’s not a lot going on this morning but I’ll touch on a few things to keep an eye on. The most important event this week is the December CPI on Thursday morning at 8:30am EST. In this morning’s WSJ,…
Next week is the start of the 4Q22 earnings season and the December CPI Report is on Thursday morning. In addition, KB Homes (KBH) will report earnings for its quarter ended November 30, 2022 Wednesday afternoon which will give us…
With the NASDAQ having lost ~30% of its value from its November 2021 peak I suspect that many investors think the bottom is near. However everything I’m seeing suggests to me that it’s not. Wednesday’s announcement from Salesforce (CRM) that…
Conagra Foods (CAG) – maker of frozen foods like Marie Calendar’s and Healthy Choice – is one of the most boring stocks in the market. But they just reported monster numbers for their quarter ended November 27, 2022. What does…