It has been a reasonably strong earnings season. Despite growing nervousness on Wall Street, companies are putting forward good revenue numbers reflecting the robust recovery and positive forward guidance.
All but one of the Dow 30 companies beat analysts' estimates this summer earnings season.
The Boeing Company (BA) was one of this season's biggest surprises for the Dow 30. Analysts forecasted -$0.65/share. However, the company reported $0.40/share, 161% over the analysts' forecasts. Management pointed to higher commercial airplane deliveries and lower period costs. Continue reading "Today's Top 3 Drifting Stocks" →
In today's short video, we take a look at Nike and project what we see in the future for this market.
As you know, we've discussed energy fields in the past and just how important they are to markets and Nike is no different. There is a huge energy field under this market capable of carrying it much, much higher. In the video I discuss a specific target zone for this stock.
As always, our videos are free to watch and there are no registration requirements. I would really like to hear back from you in regards to your thoughts on this video. Watch this video.
Your comments are welcome.
All the best,