Amazon and Google (Alphabet) report after the close.
AMD - ouch! Those semiconductors can't get out of their own way.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Amazon and Google (Alphabet) report after the close.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
New 2018 high for the dollar...
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Possible support near 2625. The red vertical line was the point loss in February, so this correction hasn't quite reached that level of decline.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
It's amazing that Amazon, which beat on earnings estimates handily, can impact the market like this.
They reported earnings per share of $5.75 vs estimates of $3.14.
But revenue fell just short at $56.6 billion vs. estimates of $57.07 billion.
Is that a reason to take the entire market down 2-3% today?
I guess they guided lower too which is the main concern.
With the Fed no longer helping markets but instead tightening and unwinding their QE, there is now a headwind that companies may be feeling now. Add the tariff uncertainty and and bond yields rising and perhaps a repricing is reasonable after the parabolic 2017 we had.Forward-looking guidance was also lower than analysts’ expectations. “Net sales are expected to be between $66.5 billion and $72.5 billion, or to grow between 10% and 20% compared with fourth quarter 2017.” Operating income increased to $3.7 billion in the third quarter, compared with $347 million from the same period last year.
Did you know that from 2003 to 2017 (and through yesterday in 2018) the S&P 500 only had one negative year? 2008 was down about 37%. So it looks like when they adjust prices, they really adjust.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
"Somethings Rotten in Denmark."
I hope this reversal didn't start too early again. At this pace we'd need to see big gains by the close or the momentum will be stopping and the bears will have some red meat. Closing flat won't cut it because that means momentum from this early reversal will be stopped.
How's that for analysis? It's either going to be up big, hit the flat line, or rollover. Any questions?
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
My predictions are always 100% right. It could go up or it could go down
GOOG, which was down sharply at the open, actually went positive... but just backed off the high again.
https://finance.yahoo.com/quote/GOOG....tsrc=fin-srch
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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