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Disney Shares Fall On Subscription, Sales Misses But DoorDash Surges; Index Futures Up In Premarket
Friday, May 14, 2021 - 10:11am | 2099Read More...Your vocabulary word for the day is “boing.” Definition: The sound the stock market makes when it’s bouncing. Early indications from the futures market this morning suggest stocks may end the week on a high note as investors continue to be in buy-the-dip mode. But there’s...
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Friday's Market Minute: Wall Street's Inflation Obsession
Friday, May 14, 2021 - 10:02am | 415Read More...This week, U.S. Consumer price inflation for the month of April came in much stronger than expected. Both the headline and core CPI exceeded expectations, triggering a sharp sell-off in equities mid-week. Inflation fears have been stalking the market all month and are showing few signs of easing....
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Disney Could Be In Spotlight Today As Entertainment Giant Reports Earnings
Thursday, May 13, 2021 - 10:23am | 2038Read More...All eyes seem to be on the big “I” as investors focus on inflation with two gauges of prices coming in hotter than expected this week. But it also seems that investors may be coming to grips with the prospect of higher prices, especially those that buy into the Fed’s view of...
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Communication Services, Technology Sectors Lead Stocks Lower In Wednesday Selloff
Thursday, May 13, 2021 - 10:12am | 1491Read More...An ugly week got even uglier today amid new inflation concerns, but tomorrow could be even more interesting as markets approach a key technical support level and more inflation data loom. There were plenty of inflation fears in the market before today, but the government’s April consumer...
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Market Braced For Earnings From Disney Tomorrow, A Key Reopening Barometer
Wednesday, May 12, 2021 - 10:17am | 2647Read More...A sharp rise in April consumer prices put stocks under more pressure early Wednesday, but the data really shouldn’t come as much of a surprise. We’re having an initial reaction now where everything sells off and rates are pushing higher, but we’ve already seen hints of this...
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Wednesday's Market Minute: Bitcoin's Ultimatum Approaches
Wednesday, May 12, 2021 - 10:10am | 453Read More...If bitcoin doesn’t rally if and when stocks are under pressure due to inflationary worries, it will likely set off an excruciating downtrend as king crypto’s mythos unravels and people come to terms with what it’s likely been about all along: selling to the next guy. A lot of...
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DIS Might Be Bringing Fireworks Back To Theme Parks; Don't Expect Them In Earnings
Wednesday, May 12, 2021 - 10:07am | 1807Read More...Walt Disney’s (NYSE: DIS) “Careers” page has openings for fireworks and special effects designers, suggesting the Magic Kingdom is gearing up to return its showpiece pyrotechnics to its parks, resorts, special events and even the Disney cruise lines as they all slowly reopen...
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Tuesday's Market Minute: Thar She Doge
Tuesday, May 11, 2021 - 10:10am | 381Read More...For the last several months, Tesla (NASDAQ: TSLA) and SpaceX founder Elon Musk has been pledging to take Dogecoin to the moon. On Sunday, he tweeted that SpaceX is launching a satellite named “Doge-1” on a mission paid for with Dogecoin. This followed Musk’s Saturday Night Live...
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Wynn, Marriott Start The Week's Earnings Parade, With Disney Waiting in Wings
Monday, May 10, 2021 - 10:30am | 2249Read More...If last week was all about jobs, this week is all about prices. Considering how much people worry about inflation these days, two key reports should give us a much better idea whether it’s actually a fact on the ground. Wednesday brings the April consumer price index (CPI), which rose a...
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Sharing A Ride To The Reopening: Uber, Lyft Earnings Could Offer Hints To Life Beyond The Pandemic
Tuesday, May 4, 2021 - 10:25am | 2464Read More...After racing into earnings season, stocks have basically treaded water the last two weeks. The S&P 500 Index (SPX) finished Monday less than 1% changed from mid-April when reporting season began. That’s despite an amazing Q1 earnings performance by S&P 500 companies so far,...
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Apple, Facebook Shares Both Get Boost From Solid Earnings, With Amazon Up Next
Thursday, April 29, 2021 - 10:15am | 2535Read More...If things don’t already seem crazy enough, consider this: Eleven percent of S&P 500 companies report today. Everywhere you look, there are numbers, whether it’s earnings or data. We continue to get great earnings. It’s really amazing how Tech has shined, with Apple...
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Apple, Facebook And The Fed: Full Plate Later Today Means Market Could Hit Lull Ahead Of News
Wednesday, April 28, 2021 - 10:32am | 2479Read More...If earnings season has a crescendo, we’re right in the middle of it. Even as investors digest results from Alphabet (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT), they await Apple (NASDAQ: AAPL) and Facebook (NASDAQ: FB) this afternoon. Along the way...
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Mega-Cap Companies On Tap For Earnings This Week Include Tesla, Apple, Alphabet, Microsoft
Monday, April 26, 2021 - 10:16am | 1799Read More...We hope you’ve had a restful weekend because this week is looking pretty busy on a trio of fronts—earnings, economic data and monetary policy. And that’s not even counting the potential for policy headlines from Washington, which played a big role in trading last week. This...
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Could Apple Take A Bite Out Of FB Ad Revenues? Facebook Prepares To Open The Books On Q1
Friday, April 23, 2021 - 10:10am | 1167Read More...Can the earnings growth continue for Facebook (NASDAQ: FB) after a record-smashing year last year for its stock price, revenue and number of users? In the short term, at least, the answer is expected to be yes. Analysts are confident that FB will once again meet or exceed estimates on the...
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Disappointing Subscriber Numbers Hit Netflix Shares, Weighing On Nasdaq Early
Wednesday, April 21, 2021 - 10:18am | 2512Read More...Other than earnings, we’ve had almost no numbers to crunch so far this week. That changes starting today. Weekly crude inventories come out later this morning, followed by initial jobless claims tomorrow. The claims number looms large, considering last week’s 576,000 was the...
