The stock market finished the week higher and hit all-time highs after a US-China trade deal was agreed upon. The agreement, known as a phase-one deal, averted new tariffs on $160 Billion of consumer goods set to start on December 15th. The agreement also reduced some current tariffs, with China agreeing to increase purchases …
The stock market struggled most of the week but staged a comeback rally on Friday on the better than expected employment report for November. The Labor Department reported nonfarm payrolls increased by 266,000 in November, well above expectations of 180,000. The unemployment rate also declined from 3.6% to 3.5%. This marks the 21st consecutive …
The S&P 500 Index closed November +3.6%, its best monthly performance since June. Investor confidence in a healthy consumer, low inflation, and optimism on U.S.—China trade talks continue to buoy stocks. With only a month left in 2019, there are a few remaining milestones to monitor as we move into the end of the …
Stocks retreated from record levels last week. The third quarter earnings season is near finished with 476 of 500 companies having reported earnings. The earnings reporting season has materialized better than first thought a few months ago. Earnings should finish with a mild year-over-year decline of less than 0.5% versus expectations of a 2.2% …
Stocks remain at record levels on optimism for a partial trade truce. As we head into the final leg of corporate earnings season, we anticipate that macroeconomic and geopolitical headlines should continue to dominate market direction day-to-day. Earnings have shown a more positive picture than was expected in late September. Of the 461 companies …
NovaPoint Capital would like to show our respect and admiration for our nation’s veterans. In their honor, we are making donations to three Veterans Service Organizations: the Army Ranger Lead the Way Fund, the Children of Fallen Patriots Foundation, and the Folded Flag Foundation. Army Ranger Lead the Way Fund supports disabled U.S. Army …
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Optimism on U.S.—China trade helped markets extend gains for the third straight week. Stocks are at record levels as the third quarter earnings season slows into its final weeks. Of the 446 companies in the S&P 500 that have reported 3Q earnings, 74% have exceeded expectations, 7% have met expectations and 19% have reported …
Lots of positives stacked up this past week with the Fed lowering short-term interest rates by 0.25%, a stronger than expected employment report, and continued progress on U.S. – China trade. These along with good third quarter earnings reports pushed the S&P 500 into record territory. The Federal Reserve lowered its short-term target rate …
The corporate earnings season has so far been less negative than originally anticipated. Of the 199 companies that have reported 3Q earnings, 78% have exceeded expectations, 7% have met expectations, and 15% have reported below expectations. This has improved current earnings estimates for the quarter to a 2.0% decline in year/year earnings on 3.4% …
The corporate earnings reporting season is underway. Earnings reports were generally upbeat last week and the S&P 500 Index responded with a positive return. Of the 73 companies in the S&P 500 that have reported third earnings, 84% have exceeded expectations, 4% have met expectations and 12% have reported below expectations. Current expectation is …
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