Tag: Earnings
-
Black October for the Major Averages?
Despite finishing October on a rough note. The major averages wrapped up a usually difficult month mixed.
-
3rd Quarter Earnings Review
37% of the S&P 500 companies have reported 3rd quarter earnings, 75% have beaten earnings estimates to date. The 5.7% average beat rate, however, is lackluster by historical standards. In contrast, this represents the 5th consecutive quarter of rising earnings. At the sector level meanwhile, IT, Communications and Health Care are reporting the strongest 3rd…
-
Solid Numbers
The major averages finish another strong week, posting solid numbers. The S&P 500 hits a new record, wrapping up its longest weekly winning streak this year.
-
Another Strong Week
The major averages finished another strong week as earnings season gets underway. The S&P 500 gained 64 points or 1.1%, the NASDAQ increased 205 points or 1.1% while the DOW added 511 points or 1.2% despite a volatile beginning. Elon Musk’s Cybercab and Robovan event failed to materially impress investors. Leading to sharp declines in…