JJ began his career as a Chicago Board Options Exchange (CBOE) market maker in 1985. He also worked for ING Bank and Blue Capital, and was Managing Director of Option Trading for Van Der Moolen USA. In 2006, he joined thinkorswim®, which TD Ameritrade Holding Corp. acquired in 2009. After leading the Educational Events team, he became Managing Director of Active Trader Services in 2009.
A 30-year trading veteran based in Chicago, JJ is a CNBC "Fast Money" guest and is frequently quoted in The Wall Street Journal, Financial Times, and Reuters News.
As Chief Market Strategist at TD Ameritrade, JJ is a frequent contributor to The Ticker Tape. His column, Daily Market Update, helps readers prepare for the trading day ahead.
As Host of Real Talk with JJ Kinahan, a weekly talk show on TD Ameritrade Network, JJ looks at the big picture of trading trends and chats with key influencers in the trading world. Real Talk with JJ Kinahan airs every market day at 11:30 am and 1:30 pm CT on TD Ameritrade Network.
An earnings miss by Snapchat has the stock trading much lower before the open. A number of stocks reported better than expected earnings but missed on revenue. Companies continue to report issues with supply chain problems and higher costs. Credit issues in China continue, but they don’t appear to be the contagion that many feared. In a higher cost business environment, companies with wide moats could offer some protection.
AT&T, Unilever, and PayPal are a few the companies announcing earnings on Thursday. The Dow Jones Industrial Average created a new all-time high on Wednesday while the S&P 500 is testing resistance. Value investors attempt to invert a 10-year underperforming trend compared to growth investing.
Some mixed earnings news appears to be flattening stocks futures. Higher costs are a recurring theme among companies as they struggle to deal labor shortages. Vaccine maker Novavax is being hit hard in premarket trading. Abbot Labs and Biogen reported higher earnings. Despite inflation, the fear of an October Surprise seems to have waned as investors gear up for the fourth quarter.
Consumer goods appear to be skirting supply chain problems as Johnson & Johnson, Proctor & Gamble, and Philip Morris report strength in these areas. Despite weakness in China, exports remain strong. Homebuilders are struggling to balance demand despite lower consumer sentiment towards housing.
The bond market is digesting news that the Bank of England is looking to raise rates sooner than expected to try and curb rising inflation while hedge funds speculate along the yield curve. Stock investors are looking at negative news from Zillow and Disney while considering positive earnings from State Street and Albertsons. September’s retail sales report provides new insights in sector strength.
Stock futures are pointing to a higher open as investors hope to build on Thursday’s rally. Goldman Sachs is part of another group of financial stocks reporting on Friday. Earnings announcement by JB Hunt provides insights into the supply chain issues. However, Health Care stocks have been lagging the market because of the COVID-19 pandemic and staffing. Pharmaceutical stocks are looking for a boost from boosters. But medical device companies appear to have more of a heartbeat.
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