Traders Market Weekly: Market Corrections, When the Rubber Meets the Road

Viewing 8 posts - 46 through 53 (of 53 total)
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  • #36035
    Truman
    Participant

    Italy’s April Business Confidence 110.0, as expected (last 110.1) and Consumer Confidence 100.0 (expected 100.4; last 100.8). February Industrial Sales 2.8% m/m (last 2.3%); 20.9% yr/yr (last 16.9%)
    Spain’s April CPI -0.1% m/m (last 3.0%); 8.4% yr/yr (expected 9.0%; last 9.8%). Q1 Unemployment Rate 13.65% (expected 14.20%; last 13.33%)

    #36036
    Truman
    Participant

    Meta Platforms (FB 203.68, +28.73): +16.4% after beating EPS estimates, reporting an average of 1.96 billion DAUs for March — an increase of 4% year-over-year, and lowering its FY22 expense guidance. Note, the company missed revenue estimates and guided Q2 revenue below consensus.
    Qualcomm (QCOM 144.80, +9.70): +7.2% after beating top and bottom-line estimates and guiding fiscal Q3 EPS and revenue above consensus.
    McDonald’s (MCD 252.00, +4.86): +2.0% after beating top and bottom-line estimates.
    Merck (MRK 86.40, +1.99): +2.4% after beating top and bottom-line estimates and raising its FY22 EPS and revenue guidance to in-line with expectations.
    Amgen (AMGN 235.92, -12.87): -5.2% despite beating top and bottom-line estimates. Amgen received a notice of deficiency from the IRS for the 2013-2015 period. The notice could result in additional federal tax of approximately $5.1 billion, plus interest, and penalties of approximately $2 billion.
    Caterpillar (CAT 210.01, -3.95): -1.9% despite beating EPS estimates.
    Teladoc (TDOC 32.40, -23.59): -42.1% after issuing downside Q2 and FY22 revenue guidance and lowering its FY22 adjusted EBITDA guidance. TDOC beat EPS estimates.

    #36044

    Dow 33,916.39 614.46 1.85%
    S&P 500 4,287.50 103.54 2.47%
    Nasdaq 12,871.53 382.59 3.06%
    GlobalDow 3,855.94 32.38 0.85%
    Gold 1,896.70 8.00 0.42%
    Oil 105.22 3.20 3.14%

    MINUS 1.4 GDP may tie the FOMC hands on aggressive interest rate moves?

    #36071

    Ohhh the humanity … DOW has improved to -300 as FED/OIL/stagflation creating concerns

    1st SONG of a FAV album — tells the whole story of equities & prized dutch tulips 😉 🙂

    #36083

    and in honor of the great one’s birthday 🙂

    #36084

    Dow 32,977.40 -938.99 -2.77%
    S&P 500 4,131.93 -155.57 -3.63%
    Nasdaq 12,334.64 -536.89 -4.17%
    GlobalDow 3,815.26 -39.27 -1.02%
    Gold 1,895.50 4.20 0.22%
    Oil 104.35 -1.01 -0.96%

    #36085

    and a song from 1960s of great hope for a better future for mankind 🙂

    #35909

    May 2- 8, 2022 FEAR NOT Brave Investors Where have we been and where are we going? Join our weekly market thread on Traders Community… Image:  Ru
    [See the full post at: Traders Market Weekly: Market Corrections, When the Rubber Meets the Road]

Viewing 8 posts - 46 through 53 (of 53 total)
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