Then we have a miraculous. That is three, count them three sessions in one. Let me walk you through it i am going to go blow by blow so you understand this mornings stock opened so strong i wrote a piece, please, dont chase this rally you have bad news out there. From united continental. Devastatingly series of reports about a collapse, wholesale collapse in sales for the new iphone not to mention a damning story about the quarter from Texas Instruments. Then the market takes a total header in reaction to the stories. And when the dow had fallen 272 points from its high, i cashed off other piece i argued you might not want to own the stocks in an immediate blast zone, still plenty of good stuff to buy before the proverbial cyber ink could dry, we shot up 140 points and that was the moment i realized it is time to adopt a new view about this market we have a 9 30to 11 00 a. M. Session and another 111 002 00. It is that difficult what exactly did happen today . As i always tell you in th
The u. S. Stocks set to surge at the open. A hectic agenda on capitol hill with President Trumps 100 day milestone looming. Taxes, health care and avoiding a Government Shutdown all on tap. Robot warnings. Alibabas jack ma is predicting that robots will make many irrelevant. And first up though, global rallies in place a day after the first round of the french president ial election. Macron and le pen set to square off in a runoff may 7. Shutting out frances traditional ruling parties. Polls show macron as favorite to defeat the antieu le pen in second round and win the presidency. These polls, jim, somewhere 6436. Some argue this was one of the best outcomes the market could have hoped for. It is, but i wanted to distinguish between them and us. I think that we should not go up as much as they did. They had a lot more at stake. I think were going to quickly revert to what has controlled us which is oil. Which is already sinking. The Interest Rates which need to go higher. And our earn
Illinois Tool Works Inc. (NYSE:ITW) Q3 2023 Earnings Call Transcript October 24, 2023 Illinois Tool Works Inc. beats earnings expectations. Reported EPS is $2.55, expectations were $2.45. Operator: Good morning. My name is Krista, and I’ll be your conference operator today. At this time, I would like to welcome everyone to the ITW Third Quarter […]
By Denny Jacob Illinois Tool Works posted higher top- and bottom-line results in the latest quarter. The manufacturing company logged net income of $772.
By Denny Jacob Illinois Tool Works narrowed its 2023 guidance in response to ongoing labor disputes in the automotive industry. The manufacturing company.