Daily Market Update
with JJ Kinahan

5 min read

Tech Still Leads Earnings Parade, But Renewed Trade Fears In Focus

(Friday Market Open) Tariff fears marched back onto Wall Street early Friday, stirring up tension and possibly overshadowing some solid earnings news in which info tech continues to lead the parade.

Worries about a possible trade war might put a damper on things today as U.S. pre-market trading signaled a possible lower start and markets in Europe took a beating. The pressure came despite Microsoft (MSFT) and General Electric (GE) both beating analysts’ earnings estimates. 

In an interview with CNBC, President Trump threatened to unleash tariffs on $500 billion worth of Chinese goods. Just a few weeks ago, the White House slapped tariffs on a smaller amount of Chinese imports, but the market bounced back pretty quickly from weakness then. One thing to remember about this administration is that it tends to make big threats that get people worried, but sometimes pulls back. There’s no guarantee that will happen this time, but it’s important not to let political noise affect your long-term investing plan.

Microsoft’s Quarter Makes a Statement

Getting back to earnings, Microsoft (MSFT) appeared to do really well, especially in cloud services. It report

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Daily Market Update

Previous Daily Market Update articles

US Stocks Appear Set to Take a Breather After Recent Gains July 19, 2018 7:35 AM   |  

Upbeat U.S. stock market sentiment appears to be ebbing as earnings season rolls on, tensions over trade weigh and investors are perhaps consolidating yesterday’s gains.

5 min read  |  Daily Market Update
Say “So Long” To Big Bank Results As Morgan Stanley Caps Solid Quarter July 18, 2018 7:35 AM   |  

Big bank earnings rounded out today with Morgan Stanley, and on the whole they looked good, but not great. What they do seem to point to is a solid economy.

5 min read  |  Daily Market Update
Could Netflix Sneeze Give Nasdaq a Cold? FAANGS Appear Under Pressure July 17, 2018 7:35 AM   |  

It could be a rough day for the FAANGs and Nasdaq as a whole due in large part to Netflix missing on its own guidance for subscriber growth in Q2. In other news, Goldman Sachs beat earnings estimates, while Fed Chair Powell testifies to Congress today and tomorrow.

5 min read  |  Daily Market Update
Back to Banks: Digesting Financial Results As Investors Brace For Netflix After Close July 16, 2018 7:35 AM   |  

The focus this morning is on bank earnings, while Netflix results after the close also could get a long look from investors.

5 min read  |  Daily Market Update
JP Morgan Delivers Big Earnings Beat But Other Major Banks Offer Mixed Picture July 13, 2018 7:35 AM   |  

Big bank results looked mixed overall, with JP Morgan beating estimates but the other two major banks showing some signs of struggle. It’s not necessarily a negative picture, but it isn’t a slam dunk, either.

5 min read  |  Daily Market Update
Market Appears Set to Bounce Back After Trade-Driven Selling July 12, 2018 9:35 AM   |  

After Asian and European markets traded higher, U.S. equities futures were also in the green, apparently helped by a rebound in oil prices and news on the M&A front that may have kindled some optimism about the economy and market.

5 min read  |  Daily Market Update
Trade Worries, Earnings Optimism Seem to Vie for Upper Hand on Wall Street July 11, 2018 9:35 AM   |  

Equities futures were pointing to a lower open for all three major U.S. indices after the Trump administration threatened $200 billion in new tariffs on Chinese goods.

5 min read  |  Daily Market Update
Markets Riding Three-Day Rally Into Earnings Season After Monday’s Big Gains July 10, 2018 6:35 AM   |  

There seems to be a positive tone heading into Tuesday’s session after big gains Monday that took stocks back toward their one-month highs. Inflation data due on Wednesday and Thursday.

5 min read  |  Daily Market Update
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