Dow only declining three points, s p advancing 1. 6 i totally understand why when employment, the primary indicator of economic strength, is at its best level in four decades. But so many other indicators are slipping, everything from housing to autos, retail sales and oil. In fact, someone asked me what i thought of the market last night after a Live Audience show i ended up saying i dont know if there is a market to care about now. Theres just pronounced sectors and rotations into and out of them that happen at the flick of a switch this week the Health Care Sector ral yesterday. Everything else took a dive. As well as some fabulous action in technology. Still, the debate over the economy will rage, because the fed is in tightening mode, trying to get back to normal rate keeping thats fine if youre looking at employment numbers but not so hot if youre looking at anything else maybe we need a little life support, which is why we start on monday with the durable goods orders if we get
President s or Interest Rates or macro concerns, control their own destinies. Today we got some decent numbers from some major banks, and they cast a rosy glow over much of the session until some lateday profittaking came in and the bulls nemesis, oil, turned down. With the dow ultimately dipping five points, s p advancing just 0. 18 , but the nasdaq gaining 0. 48 to still one more alltime record. Who is in the playoffs next week . Lets start with tuesday since the markets are indeed closed for mlk day. Before the open, we hear from Morgan Stanley and united health. I like them both. I think Morgan Stanley can report a clean, Strong Quarter although i dont know if the reaction will be as positive as the other banks. In large part because theres investor enthusiasm for the deregulation agenda of president elect trump and Morgan Stanley has already withdrawn from some of the areas that had gotten overregulated. Still i think this franchise is undervalued even at its 52 week high. If youv
ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 27,500 shares, an increase of 52.8% from the March 31st total of 18,000 shares. Approximately 0.4% of the company’s stock are sold short. Based on […]
Agree Realty (NYSE:ADC – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 4.100-4.130 for the period, compared to the consensus EPS estimate of 4.070. The company issued revenue guidance of -. Agree Realty also updated its FY24 guidance to $4.10-$4.13 EPS. Analyst Upgrades and Downgrades A […]
Agree Realty (NYSE:ADC – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.10-$4.13 for the period, compared to the consensus estimate of $4.07. Agree Realty Stock Up 1.2 % NYSE ADC traded up $0.66 during trading hours on Tuesday, hitting […]