Nasdaq 100 Outlook: Stocks Decline Despite Stellar Tech Earnings, All Eyes Shift to Fed
2021-07-27 21:00:00
Brendan Fagan,
Nasdaq 100, Apple, Microsoft, Alphabet, Tech Earnings, Federal Reserve - Talking Points
Apple, Microsoft, Alphabet all post blowout earnings reports after the closing bell
Federal Reserve meeting slated for Wednesday, eyes on liftoff and taper talk
China crackdown on tech continues, Hang Seng Index declines by over 4%
Major US equity benchmarks declined on Tuesday as market participants prepared for a blockbuster slate of tech earnings after the closing bell. US indices posted their first declines in 5 sessions, all coming down from record highs achieved during Monday’s session. Major tech names posted blowout quarterly earnings after the bell, highlighted by Apple and Alphabet’s standout results. Risk-off sentiment in the US echoed further losses sustained during the APAC session, as Chinese tech stocks continued to stumble following a crackdown from
IBEX 35 Analysis: Rally Continues Despite Virus Fears, Focus Shifts to Fed
2021-07-27 00:00:00
Brendan Fagan,
IBEX 35, European Central Bank, Federal Reserve - Talking Points
IBEX 35 continues to rally despite fears over Delta COVID variant, additional lockdowns
European Central Bank to remain accommodative, asset purchases to continue
European investors look to Wednesday’s FOMC meeting with caution
The Spanish IBEX 35 benchmark stock index continues to rally following dovish comments from European Central Bank (ECB) President Christine Lagarde. In her remarks last week, Lagarde reassured that interest rates were not going to be raised even if inflation temporarily runs above the bank’s 2% target over the medium term. Lagarde also indicated that the bank would maintain purchases under its asset purchase program (APP). The accommodative stance from the ECB pushed European equity markets higher, with the IBEX 35 index trading back above 8,700. Investors and traders may becom
S&P 500 Outlook: Strong Tesla Earnings Kick of Event-Laden Week
2021-07-26 20:00:00
Brendan Fagan,
Tesla Earnings, S&P 500, FOMC, Bitcoin- Talking Points
Tesla posts strong second quarter, beating earnings and revenue estimates
Bitcoin climbs over 10%, breaks above $40,000 for the first time since June
Major US benchmarks were relatively flat on Monday ahead of a week packed with earnings, central bank decisions, and key economic data. Many large-cap technology names report this week, including the likes of Apple, Alphabet, eBay, Facebook, and Amazon. Market participants may remain tepid ahead of this week’s FOMC interest rate meeting as investors and traders look for clues regarding rate hikes and tapering. Despite modest gains in US equity benchmarks, the VIX briefly traded back above 18 on Monday, perhaps signaling choppy waters may be ahead given the amount of event-risk in the near term.
Nasdaq 100 Outlook: Strong Intel Earnings May Lead Stocks Higher
2021-07-22 20:30:00
Brendan Fagan,
Nasdaq 100, Treasury Yields, Intel Earnings, Dow Jones - Talking Points
Nasdaq 100 leads markets higher as Treasury yields decline following disappointing jobs data
Intel reports Q2 Earnings, Revenues & EPS beat estimates, full year guidance raised
Nasdaq 100 gearing up for another test of 15,000 following constructive price action, earnings
US equity benchmarks continued their march higher on Thursday, led by the Nasdaq 100. Tech shares bounced on declines in US Treasury yields, which came following a disappointing and unexpected jump in unemployment claims. Market participants appear to be positioning into tech-related equities prior to next week, which will see some of the largest tech firms report their quarterly earnings. The Dow Jones posted its third consecutive day of gains, while the S&P 500 also notched slight gains.
Pershing Square SPAC Deal With Universal Music Group Falls Through
2021-07-20 00:00:00
Brendan Fagan,
SPAC, Pershing Square, Universal Music Group - Talking Points:
Pershing Square Tontine Holdings backs out of deal to acquire 10% Universal Music
Pershing Square Holdings will now acquire a 5-10% stake in Universal
Bill Ackman cited increased SEC scrutiny as a primary driver in the changed approach
Pershing Square Tontine Holdings, the blank-check acquisition vehicle managed by billionaire investor Bill Ackman, backed out of a proposed SPAC merger with Universal Music Group citing increased regulatory scrutiny. Following discussions with the U.S. Securities and Exchange Commission (SEC), the board of Pershing Square Tontine Holdings voted unanimously to discontinue merger discussions. In June, it was announced that Bill Ackman’s SPAC had agreed to acquire 10% of Universal in a deal totaling $4 billion. The announcement gave Universal Music Group an estimated enterprise value