Tuesday
April 28, 2015
Prepared by the good people at Random Walk, LLC.
Closing Prices From Yesterday
FED MEETS TODAY AND TOMORROW
They Report Wednesday
Below are the major stocks reporting earnings
1/3 of all S&P 500 stocks report this week
1–855–798–0008
Today’s Number(s)
Today’s Number(s)
Yesterday and Today
Yesterday
The stock market opened and ran higher with the Dow, Nasdaq and S&P all strong. The Nasdaq and S&P 500 both made a new intra-day high. Though the Dow didn’t make a new high it was up 95 points before falling.
As the market stuttered at the highs it ran out of steam and enthusiasm, then retreated to where the Dow closed down 42. Most of this can be blamed on the massive selling going on in the overbought Biotech sector which closed down 4.1%.
After the close AAPL reported. The stock ran up 2.37 on the day leading up to earnings, and even with a beat across the board the stock looks like it will open only marginally higher. Apple announced it is increasing its dividend 11% to $0.52 per share, is doing a total of $200bln in buybacks, had earnings of 58bln (estimate was 56.08 bln), and earned $2.33 per share. That is huge, and it needed to be. Had earnings not blown away the estimates we would be looking at a stock in the toilet.
TODAY
As stated above, 1/3 of all the earnings for the S&P 500 are reported this week. We have the Schiller numbers out today, but they wont mean anything. Earnings and the Fed minutes on Wednesday are the key. Once they are all out we can make new highs in everything.
But don;t get to exuberant. This market will burn down like Ferguson and Baltimore one day soon, but we need more people buying the market to get in so they can sink with the retreating tide. The market is a giant machine that eats PNL from the unsuspecting and uneducated.
POT is held each Wednesday night at 7:00pm eastern.
Contract the office at 1- 855 ā RWT ā 0008 for more details.
Too True To Be Funny
Why is this a surprise to people?
Watch….someone in charge is going to die in either a plane crash, car accident, or suicide. 47 people close to the Clintons died of mysterious circumstances whenever Hillary got into trouble. But what difference does it make?
Attorney Stuff
DISCLAIMER (Seriously!) All data above is provided for informational purposes only. Random Walk makes no guarantee as to the accuracy of the data.
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