Over the weekend, Finom Group’s weekly research report focused some attention on the strength of corporate buybacks. In the report titled “Markets Look Poised For Gains, but Mid-Term Turbulence Looms Large”, we discussed how outsized corporate buybacks are during the month of August and as displayed in the following chart. Corporate buybacks are set to…
It appears to be another rocky open on Wall Street with all 3 major indices set to open sharply lower. In Wednesday’s trading session, the Dow and S&P 500 both fell with the Nasdaq outperforming, as the tech-heavy index found favor among investors on the heels of Apple’s (AAPL) better than expected quarterly results. That…
That was something for all the market pundits and critics to behold last week was it not? The mantra surrounding the disbelief in the market rally that started in late April has been FANG, FANG, FANG. What we actually saw during the 5-day reporting cycle for FANG, however, was a market that held up rather…
That was something for all the market pundits and critics to behold last week was it not? The mantra surrounding the disbelief in the market rally that started in late April has been FANG, FANG, FANG. What we actually saw during the 5-day reporting cycle for FANG, however, was a market that held up rather…...
Yesterday was a record setting day in the market and for one of the market darlings… possibly a former market darling, Facebook (FB). The following graphic will go down in history and lay claim to Facebook’s infamy for some time to come. After the social media platform company narrowly missed revenue estimates for the Q2…
You’ve likely heard a great deal about the most crowded trade in the market, FAANG. With that you’ve probably also heard how as FAANG goes the market goes. These comments have turned into colloquialisms seeing how heavily weighted within many ETFs the FAANG stocks have become in recent years… and rightfully so! Rightfully so and…
For the week, the Dow eked out a gain of 0.2%, while the S&P rose less than 0.1%. The Nasdaq notched a decline of less than 0.1%, enough to halt a string of two straight weekly gains. A big nothing burger indeed! When it comes to the market and the bear vs. bull debate one…
It was a big “nothing burger” for investors in the equity markets last week, as by and large the major averages finished nearly flat on the week. For the week, the Dow eked out a gain of 0.2%, while the S&P rose less than 0.1%. The Nasdaq notched a decline of less than 0.1%, enough…...
At some point, and we don’t know when, the geopolitical risks will weigh more heavily on investor sentiment than they seem to be weighing at present. But until that point… It was the press conference that was heard around the world yesterday between President Donald Trump and Vladimer Putin. The conference has drawn criticism from…
We have a busy reporting week, with more than 170 companies coming out with quarterly results, including 60 S&P 500 companies. The following graphic identifies some of the key reports due out this week by date. Stocks posted strong gains last week, with the Dow, S&P 500 and Nasdaq all rising more than 1.5…
