by rogerscott | Jul 14, 2023 | Daily Videos
The Dow is up over 150 points this morning, and I’m going to make the assumption that it’s because of strong bank stock earnings… Friday is also the second official day of earnings season, and JPMorgan bounced about 3% after beating analyst expectations on higher...
by rogerscott | Jun 29, 2023 | Daily Videos
We have some BIG, market-moving news bits coming Thursday… First, gross domestic product came in at 2%, way above estimates of 1.3%. Jobless claims also came in under expectations at 239,000 versus 265,000. We also have big earnings on deck Thursday with Nike Inc....
by rogerscott | Jun 28, 2023 | Daily Videos
The Dow is holding up fairly well this morning but the Nasdaq is down quite a bit on the back of bad news concerning U.S. semiconductor chip manufacturers and China… The U.S. government is considering new restrictions on exports of AI chips to China… And big...
by rogerscott | Jun 27, 2023 | Daily Videos
Markets were weak Monday, but things are looking up this morning… We had Walgreens earnings this morning and the company slashed guidance due to lower consumer demand and a slowdown in COVID care demand. We have General Mills, Micron and others coming up on...
by rogerscott | Jun 26, 2023 | Daily Videos
The market is mostly flat before the open, but I’ve been warning for a couple of weeks now that we’re likely to see some downside… Google and Tesla, two major stocks, both got downgrades over the weekend, so that will put even more pressure on the Nasdaq and Nasdaq...