Market Weekly: April 27 – May 3 2020

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  • #23555


    [color=teal][i][b]Where have we been and where are we … wishing all a safe & great week ahead 😆
    May the infections die down in days ahead — as we CAUTIOUSLY take it day-by-by :whistle:

    The best in world are working on issues & certainly our creator will help us recover as well 🙂
    Bambi & us are hunkered down & making best of it for now in SW VA 8) 8) 8) 8) 8)[/b][/i][/color]

    [article]2038[/article]

    #23556
    MoneyNeverSleeps
    Participant

    [color=purple][size=5][b]With Chipmakers and the SMH so key following intel I will watching earnings on Monday from NXP :Semiconductors
    [/b][/size][/color]

    NXP Semiconductors reports first-quarter earnings after the market closes. The automotive and mobile chips producer will hold a conference call the next day on Tuesday morning.

    Projected revenue: $2 billion

    Projected EPS: $1.41

    Analysts watch this chip maker because of its ties to Apple, which reports on Thursday. Watch for the insight into Apple.

    #23557
    MoneyNeverSleeps
    Participant

    Next of note is the Dividend Stocks

    The past week’s plunge in oil prices has potentially accelerated that process, raising concerns about the rock-steady dividends of companies such as Exxon Mobil and Chevron Corp, which are set to report results on Friday, May 1.

    The S&P 500 dividend aristocrats index, which tracks companies that have increased dividends annually for the past 25 years and includes Exxon and Chevron, has fallen about 19% so far in 2020 as of Thursday, greater than the 12.9% drop over that time for the S&P 500 total return index.

    Treasuries stand near historic lows as the Federal Reserve keeps interest rates in check to stimulate the economy. The S&P 500’s dividend yield recently exceeded the yield on the benchmark 10-year U.S. Treasury by its highest margin in nearly five decades.

    Norway’s Equinor said on Thursday it was cutting its quarterly dividend by two-thirds as part of an effort to preserve cash, while oil services firm Schlumberger NV earlier this month slashed its dividend by 75%.

    Exxon’s dividend yield of 8% and Chevron’s of 5.9% are the second- and third-biggest in the Dow Jones Industrial Average behind only chemical company Dow Inc’s 8.6%, according to Refinitiv data.

    Morningstar equity analyst Allen Good said investors are more concerned about Exxon and Chevron’s dividends than in the past but payouts appeared to be safe for now. Debt levels for both companies remain relatively low while dividends “sit high in the financial priorities list” for management, he said.

    AbbVie, 3M Co and Aflac, which are in the dividend aristocrats index, are also due to report first-quarter results next week.

    Other companies that have recently taken action on their dividends include casino operator Las Vegas Sands, cruise operator Carnival Corp and apparel retailer Gap Inc, which suspended their payouts.

    [b]In fact, some companies in areas of the market that have held up well recently raised dividends, including consumer staples companies Costco Wholesale Corp and Procter & Gamble and diversified healthcare company Johnson & Johnson.

    Those companies, however, may be outliers. Goldman Sachs expects S&P 500 aggregate dividends to fall 23% to $398 billion in 2020 after rising each year over the past decade.[/b]

    “For some companies to preserve cash flow to ride through the economic downturn, the smart move would be to cut or suspend the dividend now,” said Keith Lerner, chief market strategist at Truist/SunTrust Advisory Services.

    #23558

    [b][color=purple][i]and good MONDAY afternoon … as did not wish to jinx surge on WALL STREET 😉
    OIL is crashing to $13/bbl & maybe PEAK OIL we learned in 1980s was FAKE NEWS 😆
    Make most of DAY … thankful I can still work & have few acres of land 8)
    I’ve been transplanting several TREEs (esp. Japenese maple seedlings & baby peach trees also)
    and planting far more GARDEN area than in past 8) — as victory gardens will help get deer & us thru – lol [/i][/color][/b]

    Discovered excellent work of this great artist recently :cheer: 8)

    #23559

    [b][size=5][color=limegreen]Dow 24,133.78 358.51 1.51%
    S&P 500 2,878.48 41.74 1.47%
    Nasdaq 8,730.16 95.64 1.11%
    GlobalDow 2,607.03 49.09 1.92% [/color]
    [color=red]Gold 1,727.40 -8.20 -0.47%
    Oil 13.08 -3.86 -22.79%[/color][/size][/b]

    #23560

    [size=5][i]Good TUESDAY to all & hope it is a good & safe day 8)
    WALL STREET was off to a “runaway” start 😆
    but like the virus curve — it’s flattening out — as US consumer confidence is low & $12 OIL ain’t helping :ohmy:
    May force be with us — and esp. #45’s virus team — as unlike media –[u] I want [color=green][b]#45 & team
    to be 100% successful[/b][/color][/u] …. otherwise welcome to the apocalypse :woohoo:[/i][/size]

    #23561

    MOTHER NATURE has high TORCON index from HOUSTON to SW VIRGINIA on WEDNESDAY :woohoo:
    https://www.accuweather.com/en/severe-weather/50-million-americans-at-risk-for-next-severe-weather-outbreak/729168

    #23562

    [color=red][size=5][b]Dow 24,101.55 -32.23 -0.13%
    S&P 500 2,863.39 -15.09 -0.52%
    Nasdaq 8,607.73 -122.43 -1.40%
    GlobalDow 2,624.80 17.62 0.68%
    Gold 1,724.30 0.50 0.03%
    Oil 13.27 0.49 3.83% [/b][/size][/color]

    #23568

    [size=5][i]Good TUESDAY morning to all …. DOW up +500
    GDP was minus 4.8 … COVID-19 is indeed far more lethal than the regular flu

    and even VP Pence should be wearing a mask to set an example :whistle:
    and media & others are asking bad questions intended to trap or humiliate #45
    so that even politics of this is — as bad as the disease at times

    Still, this is “America” — and most are doing good things, following rules, etc.
    and we shall prevail down the road — as we make best of each day with patience & our creator’s help

    We’ve got something to take care of both the YEAR of RAT & the BAT :woohoo: [/i][/size]

    #23571
    Super Harley
    Participant

    [color=green][size=5][b]White House economic advisor Kudlow Thinks Worse Over Big Recovery To Come
    [/b][/size][/color]
    speaking on FOXBusiness

    I think the economy is going to grow growth 17% to 20% in the 2nd half
    We have put out so far 81 billion worth of assistance
    I think we need to look at a longer term prospective to give confidence to people
    I think the worst of the pandemic is over
    I think folks are getting ready to go back to work and reopen the economy
    He wants to see incentives to get US economy roaring
    Ramping up regulations would be harmful to US economy
    The other side the political aisle would punish the economy
    We want people to have more after-tax gains
    He thinks liquidity and cash phase of policies to help economy is coming to an end
    Remdesivir is a positive for the economy

    #23572
    Super Harley
    Participant

    USTR says China “really active” in implementing trade deal:

    A USTR representatives is on the wires saying:

    China is “really active” and implementing trade deal
    China admitting US trade deal obligations despite virus
    talking extensively with Chinese officials to make sure they stay on track to meet purchase commitments in trade deal
    US keeps China on priority watchlist for concerns about intellectual property protections enforcement

    I

    #23573
    Super Harley
    Participant

    [quote=”Super Harley” post=13400]USTR says China “really active” in implementing trade deal:

    A USTR representatives is on the wires saying:

    China is “really active” and implementing trade deal
    China admitting US trade deal obligations despite virus
    talking extensively with Chinese officials to make sure they stay on track to meet purchase commitments in trade deal
    US keeps China on priority watchlist for concerns about intellectual property protections enforcement

    I[/quote]

    USTR to seek more info on US e-commerce marketplaces
    Protections for intellectual property even more important during pandemic to encourage continued innovation in pharmaceutical sector, health technology

    #23574
    Super Harley
    Participant

    Japan to extend state of emergency by one month

    State of emergency was set to expire on May 6

    #23575
    Super Harley
    Participant

    [color=purple][b][b]At 2 PM ET the FOMC rate decision will be released with expectations for no major policy change.

    The market will focus on the tone of the message.

    Fed chair Powell will hold his post FOMC meeting press conference starting at 2:30 PM ET/1830 GMT[/b][/b][/color]

    #23576

    [color=teal][size=5][i]^^^ +1s @ Super Harley on great posts above 🙂

    YES — HOLY UFO encounters of the “herd kind” 😉
    Take me to the planet of the deer – lol 😉 8)
    Love this FAV song & jam session — by voice of an angel :lol:[/i][/size][/color]

    P.S. — indeed — if you google “Planet of the Deer” you’ll get some hits – lol 8)

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