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View Full Version : Earnings spook Wall Street



Ransom
01-27-2015, 02:24 PM
http://www.usatoday.com/story/money/markets/2015/01/27/stocks-tuesday/22393049/

Global economic slowdowns. Economic chaos in Greece. China's growth slowing......and the latest CBO projections should concern all of us.

Most of us of course, concerned for what Palin is saying, who her son is standing on, lost trying to figure out who is deflating balls, trying to o the right thing concerning same sex marriage and global warming.

Tick tock tick tock

waltky
04-30-2016, 07:37 AM
Weak company earnings not a good sign for the economy...
:huh:
With weak earnings in tow, focus turns to jobs data
April 29, 2016 - Coming off a barrage of flimsy company earnings reports that included Apple's first revenue drop in 13 years, investors will turn to April jobs data for signs of budding resilience or further weakening in the second quarter.


U.S. nonfarm payrolls, unemployment and wages data are due Friday May 6, when the economy is expected to have added 200,000 jobs in April, with the unemployment rate unchanged at 5 percent and a wage increase of 0.3 percent, according to Reuters data. Unlike in recent months, where weak jobs numbers were counted on to stave off another Federal Reserve interest rate hike, investors are now itching for better-than-expected employment data to indicate a stronger next earnings season, analysts said. "The most important thing to stock investors is not what the Federal Reserve will do in June at their meeting; the most important thing is to see a recovery in the economy and earnings," said Hugh Johnson, chief investment officer of Albany, New York-based Hugh Johnson Advisors.


https://www.yahoo.com/sy/ny/api/res/1.2/ehk16NmpvrfTGRdKqnKArQ--/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9NDUwO2g9MzAwO2lsPX BsYW5l/http://media.zenfs.com/en_us/News/Reuters/2016-04-30T012158Z_2_LYNXNPEC3S1A5_RTROPTP_2_USA-STOCKS.JPG.cf.jpg
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York

Even as expectations for first-quarter earnings have improved of late, S&P 500 companies are still seen posting a 5.9 percent earnings fall in the first quarter. On April 1, the estimate was for a 7.1 percent decline. With dismal U.S. gross domestic product figures released on Wednesday showing the slowest economic expansion in two years, jobs will be especially important for signaling a second-quarter recovery, Johnson said.

If employment can beat estimates, markets will likely rally, Johnson said, even if the number triggers talk of an impending rate hike at the Fed. After a slow climb since the start of the month, as many companies beat ultra-low first-quarter earnings expectations, stocks fell sharply over the last two trading days. Pushing the downturn were Apple's results, which included the first decline in iPhone sales.

SACRIFICE THE SHORT TERM (https://www.yahoo.com/news/weak-earnings-tow-focus-turns-jobs-data-012158442--finance.html?ref=gs)

Peter1469
04-30-2016, 07:43 AM
The varies QE programs artificially increased market valuations. It was all smoke and mirrors.

donttread
04-30-2016, 08:39 AM
The world's fluffed up economies pay way too much attention to stock exchanges . They move up and down based upon people's moods and little science. Think about it , huge stable companies gaining or losing several percentage points in value in a couple of days with no change in customer base, good will, product line, cost of production, management or any other major factors.? Then their value suddenly shifts in the other direction based upon absolutely nothing changing for or at the business. But there is science on wall street and it is very effective science that can use those emotional herd mentality swings to move wealth up the food chain and of course into their own pockets. If you have time someday check out the coincidence of IRA's virtually forcing every man into "the market" and the growth of the percentage of wealth held at the top.
The Stock Market is an absolutely awful indicator of true economic health and would have long ago stopped being used for that purpose except for the proifiteering it allows for. The fact that brokers can literally bet against companies also bothers me and seems counter productive.
We need other more reliable indicators of economic health .

Peter1469
04-30-2016, 10:23 AM
Most retirement account are in the market.