Big Week Ahead For Earnings, The Fed and Jobs

Hello MarketClub members everywhere. More than 100 of America's biggest corporations are set to report earnings this week with Apple Inc. (NASDAQ:AAPL) and Facebook Inc. (NASDAQ:FB) leading the headlines. According to many analyst Apple and Facebook are expected to be on the opposite ends of the earnings spectrum with Apple being the laggard and Facebook being the leader this week.

MarketClub's Mid-day Market Report

Then there is the Federal Reserves midweek meeting where it's expected that they will keep rates steady and unchanged after the meeting. However, traders will be looking for signs about the possible timing and pace of future rate increases.

Friday's jobs report will shed some light on the health of the U.S. labor market, which after last weeks GDP dip may be the only bright spot in the U.S. economy.

Key levels to watch next week: Continue reading "Big Week Ahead For Earnings, The Fed and Jobs"

Stocks Head Lower As Trump Anxiety Grows

Hello MarketClub members everywhere. Stocks and the U.S. Dollar are falling as President Donald Trump promised a "very major" border tax and signed an executive order on Monday to withdraw the U.S. from the Trans-Pacific Partnership (TPP) trade deal and all indications are that he will sign an order to renegotiate the North American Free Trade Agreement (NAFTA) as he begins his reworking of America's trade relationships.

Most investors are also awaiting further details on the new president's plans to boost government spending before jumping back in the market. Are you one of the investors waiting?

MarketClub's Mid-day Market Report

Key levels to watch next week: Continue reading "Stocks Head Lower As Trump Anxiety Grows"

Stocks Rise As Trump Takes Office

Hello MarketClub members everywhere. Stocks are trading higher today as all eyes turned to Washington for Donald Trump's inauguration.

The Dow gained more than 100 points before sliding lower as Trump took office, with The Procter & Gamble Company (NYSE:PG) and International Business Machines Corporation (NYSE:IBM) contributing the most gains.

The broader stock market had rallied significantly since Trump's victory on the hopes of more government spending, lower corporate taxes and deregulation of some sectors. However, stocks have traded mostly sideways for the past month as investors look for more details about Trump's proposed policies. Which trend will prevail in the long-run?

MarketClub's Mid-day Market Report

Key levels to watch next week: Continue reading "Stocks Rise As Trump Takes Office"

Best Quarter Ever For A Bank

Hello MarketClub members everywhere. J.P. Morgan Chase & Co. (NYSE:JPM) quarterly earnings pushed well past analysts' expectations, helped by double-digit growth in deposits and record credit card sales. The company reported fourth-quarter earnings of $1.71 vs. estimates of $1.44 per share on revenue of $24.333 billion. It's stock price edged higher in intraday trading this morning, but has backed off the highs this afternoon.

"Our results this quarter were a strong end to another record year, reflecting our intense client focus and solid performance across our businesses," Dimon said in a release, citing a U.S. economy that may be building momentum.

Some in the media have dubbed it, "the best quarter ever for a bank". What do you think?

MarketClub's Mid-day Market Report

Key levels to watch the rest of the week: Continue reading "Best Quarter Ever For A Bank"

President-Elect Trump Critical Of Drugmakers

Healthcare and drugmaker stocks fell as President-Elect Donald Trump made critical comments about pharmaceutical pricing this morning.

The Indices turned lower after Trump suggested changes to how America pays for its prescription drugs. Mylan N.V. (NASDAQ:MYL), Pfizer Inc. (NYSE:PFE) and Novartis AG (NYSE:NVS) have led the declines.

MarketClub's Mid-day Market Report

Trump's critical comments of drugmakers are the latest salvo from the president-elect to target specific industries that have roiled equities.

Investors were also looking to Trump’s first press conference since July for details on the timing and scope of planned policies from infrastructure spending to trade pacts that will set the tone for financial markets in 2017.

Key levels to watch the rest of the week: Continue reading "President-Elect Trump Critical Of Drugmakers"