October 28, 2024
Bank of Hawaii (BOH) is up 9% following strong earnings. Credit losses declined in the quarter. The financials continue to perform well even as interest rates continue to back up. The 10 year Treasury is back to a three month high even after the Fed lowered rates by a... Read More
October 25, 2024
Deckers Outdoors (DECK) jumped 10% thanks to strong sales from their Hoka brand which continues to build momentum. Hoka sales gained nearly 35% year-over-year while their flagship, Ugg brand saw sales grow 13%. The company also raised full year guidance.
Healthcare was another weak sector. HCA Healthcare (HCA)... Read More
October 24, 2024
The diamond of the day goes to Tesla (TSLA) up 20%, its best day in over a decade on earnings. Earnings were not spectacular. Tesla did beat, but sales missed and guidance for the rest of the year was inline. But Musk and management is predicting vehicle growth of... Read More
October 23, 2024
AT&T (T) is up 4% to a new recent high after beating earnings estimates, but missing on sales. Service revenue growth from subscriber and average revenue per user gains were more than offset by lower equipment revenue. Free cash flow was strong with $5.1 billion beating Wall Street estimates of... Read More
October 22, 2024
General Motors (GM) is the diamond of the day up 10% after easily beating estimates as revenue rose 10% to $48.76 billion. GM also raised third-quarter expectations and full-year guidance thanks to strong demand for their GMC Yukon and Chevy Silverado. The company also said its getting closer to... Read More
October 21, 2024
Not all Dow components are lower. Boeing (BA) is up nearly 3% after the machinists union reaches a tentative agreement on Saturday to halt their strike. The union members will vote on Wednesday, the same day the company will report third quarter earnings. Boeing has already reported a large quarterly... Read More
October 18, 2024
Netflix is the diamond today up 11% after the streaming giant beat Wall Street's expectations on both the top and bottom line. Sales rose 15% to $9.82 billion.Netflix also raised guidance with a 35% jump in ad-tier memberships from the prior three-month period. BMO and Wedbush upgraded the stock... Read More
October 17, 2024
Blackstone (BX) jumps 6% to a new all-time high on strong earnings, up 40% as sales rose 8% to $1.79 billion. Assets under management jumped 10% to a record $1.11 trillion and total inflows for the quarter rose to $40 billion. During the previous quarter Blackston invested or committed $54... Read More
October 16, 2024
The airlines are getting a lift as United Airlines (UAL) beats estimates as sales rose 2.4% to $14.84 billion. United was able to dodge a number of problems in the industry with plenty of Boeing planes limiting the impact of the strike while Delta had issues during the summer... Read More
October 15, 2024
Banks are having a good day. Bank of America, Goldman Sachs and PNC are higher on earnings, but the diamond goes to Charles Schwab (SCHW) up 8% to a three month high as the company has slowed the tide out of their low paying money market accounts while... Read More
October 14, 2024
Qualcomm (QCOM) jumps 4% as one analyst says their latest system on a chip with AI capabilities called, Snapdragon 8 Gen 4 could see shipments surge 50% year over year driven by the Chinese markets and high-end demand. Nvidia is up 3% as only Apple has a larger market... Read More
October 11, 2024
Banks are higher on earnings. JP Morgan Chase (JPM) is up 5% to a new high on strong earnings and sales. JP Morgan cautioned that there are still problems out there, but the lower rates are not hurting the big bank and the economy seems to be coming to... Read More
October 9, 2024
GM (GM) gets two upgrades a day after their Investor Day. The news at the Investor Day did not seem that bullish as China remains a problem for GM and 2025 looks a lot like 2024, but Barclays and Wedbush have $55 and $60 price targets on the auto giant... Read More
October 8, 2024
Pepsi (PEP) is up a percent even as earnings were lackluster. Pepsi said consumers are still buying, but are scrutinizing their purchases more carefully. Pepsi , Coke and General Mills have come under fire from Congress for "shrinkflation", charging the same price for a smaller bag or bottle. The... Read More
October 7, 2024
Pfizer (PFE) jumped 2% while Air Products& Chemicals jumped 9% as both companies received investments from private equity to shake things up. Starboard Value took a billion dollar stake in Pfizer which has struggled this year.
Allstate (ALL) fell 5% ahead of another hurricane to hit Florida. Hurricane Milton... Read More
October 4, 2024
The economic numbers also helped banks and financials, the top sector in the S&P 500 (XLF) today, surging 1.6% and closing at a record high. Wells Fargo (WFC) rose more than 3% today while the JP Morgan, Bank of America and Citigroup rose over a percent. Regional banks,... Read More
October 3, 2024
U.S. crude is up 5%, bringing its week-to-date advance to more than 7% based on fears in the Middle East. Energy stocks have rallied in tandem with Marathon Petroleum up 5% and Diamondback Energy up 4%. The sector is on pace for its best week in more than a year.
Jean... Read More
October 2, 2024
Caesar Entertainment (CZR) is up 7% after announcing a $500 million share buyback. The casino stocks with exposure to China have been performing well as China looks to restimulate the Asian economy. Rival, FanDuel put out projects on North America gambling saying the online market could be worth $70... Read More
October 1, 2024
Paychex (PAYX) is up 4% to a new all time high thanks to earnings. The Rochester firm beat by 2 cents as revenue rose 2% to $1.32 billion. The company reaffirmed guidance as small and medium size businesses remain resilient.
Risk off today with heightened tensions in the Middle East.... Read More
September 30, 2024
Apple (AAPL) finishing out a good month and quarter. Apple is up a percent, not far from all time highs as investors keep debating whether the iphone 16 is in a super cycle or a not. Morgan Stanley made positive comments on led times for iphone sales coming in... Read More
September 27, 2024
Bristol Myers (BMY) jumps on FDA approval for their schizophrenia drug. Bristol rose 1.5% today to a six month high as their new drug to treat schizophrenia works differently than the drugs used by many Americans today to treat schizophrenia. Schizophrenia affects nearly 24 million people worldwide, including... Read More
September 26, 2024
Micron Technology (MU) surges 15% on strong fourth quarter earnings and sales while raising guidance, setting up for a nice fourth quarter rally for the global chip market. Micron received a few upgrades as Morningstar Equity Analyst sees Micron riding "a cyclical upswing" in memory demand.
The price of oil fell... Read More
September 25, 2024
Hewlett Packard Enterprise (HPE) gets an upgrade. The old blue chip tech is up 4% following a conference the other day where the firm displayed their new AI products. The analyst at Barclay's upgraded the stock with a $24 price target citing accelerating AI orders and potential growth opportunities... Read More
September 24, 2024
Chinese stimulus package lifts Chinese stocks and casino stocks. Alibaba (BABA) is up 6%, JD.com is up 11% while Las Vegas Sands (LVS) is up 5% and Wynn Resorts (WYNN) is up 4% is the largest stimulus package since the COVID pandemic.
Biotech, Regeneron (REGN) is... Read More
September 23, 2024
Micron (MU) higher by 2% ahead of earnings on Wednesday as Rosenblatt reiterated its Buy rating and $225 target for the stock. The analyst expects Micron to deliver inline August quarter results on continued recovery memory dynamics ahead of strong memory cycle over the coming years.
GM (GM) lower by 2%... Read More
September 20, 2024
Nike (NKE) getting a new CEO. The Dow component is up 5% as the company is shaking up management, bringing in a new CEO to try and return the sneaker giant to its glory. The shakeup comes ahead of investor day for Nike, when many on Wallstreet... Read More
September 19, 2024
Caterpillar (CAT) likes lower interest rates. The big machinery and Farming equipment maker is jumping 5% back toward all time highs one day after the Fed cut interest rates. Besides making big expensive machines more affordable, the lower rates mya spur growth and more demand going forward. Deere is... Read More
September 18, 2024
Zillow (ZG) had a good day thanks to the Fed. The real estate website stock jumped 4% to new highs as investors hope the 50 bps rate cut will fuel hopes that lower mortgage rates will provide sluggish housing market with a boost.
Sysco Corp (SYY) fell 4% after the... Read More
September 16, 2024
One chip stock is higher today. Intel (INTC) is up 6% after the Biden Administration awarded Intel up to $3 billion from the CHIPS and Science Act to develop critical component to a wide range of weapon systems and other national security products in an initiative to re-shore... Read More
September 13, 2024
Good week for Oracle (ORCL). The cloud software giant is up 2% to a new all-time high after raising sales guidance. The stock jumped dramatically on Tuesday following strong record earnings. A belated birthday present for their 80-year-old CEO and founder, Larry Ellison. Boeing (BA) still can't get out... Read More
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