Dow Jones Analysis: Stocks Rebound From Recent Losses as Disney Earnings Disappoint
2021-05-13 20:30:00
Brendan Fagan,
Earnings Talking Points:
Airbnb traded lower after the bell as the company posted a larger loss than expected
DoorDash shares rocketed higher after the bell as demand for food delivery remains high
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Disney reported mixed results for Q2, as earnings surpassed expectations, but revenues were lower than consensus estimates. Leading the disappointment was a miss on Disney+ subscribers, which came in at 103.6M vs. an estimate of 109M. CEO Bob Chapek painted a rosy picture for the future, highlighting the strength of the ESPN+ portfolio as well as the planned reopening of Disney parks nationwide.
Bitcoin, Ethereum, Dogecoin Moving Mainstream as Hollywood s Elite Embrace Crypto
2021-05-12 00:00:00
Brendan Fagan,
Bitcoin, Dogecoin, Ethereum Talking Points:
Dogecoin sinks 20% following Elon Musk’s performance on Saturday Night Live (SNL)
Ashton Kutcher, Snoop Dogg, Mark Cuban among the many to tout the value of Bitcoin and blockchain
Ethereum continues to outperform Bitcoin as money from retail and institutions flows into crypto
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Cryptocurrencies and digital assets have taken the investing world by storm over the last couple of months, as new “alt-coins” continuously break out to record highs. With investors of all profiles making large sums of money in the space, celebrities and “A-listers” around the globe have certainly taken notice. From Elon Musk to Snoop Dogg, Hollywood and corporate America appear to be catching the “crypto bug.”
USD/BRL Points Lower as Brazil s Central Bank Raises Selic Rate to 3.5%
2021-05-05 22:00:00
Brendan Fagan,
USD/BRL Talking Points:
Brazil’s central bank raises target federal funds rate to 3.5% from 2.75%, consensus forecast was 3.5%
USD/BRL edged lower in immediate trade following the Brazilian central bank’s hawkish decision
EWZ ETF looks poised to potentially benefit from stronger Real, record commodity prices
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Brazil’s central bank (BCB) raised the target for Brazil’s federal funds rate by 75 basis points for the second consecutive policy meeting. This rate increase, which brings the target benchmark rate to 3.5%, puts Brazil at the forefront of tighter monetary policy. Policy makers announced following the rate hike that another increase of 75 basis points (bps) was likely to come at the bank’s next policy meeting in June.
Berkshire Hathaway Annual Meeting: Why Investors Will Care but Meme Traders Won t
2021-04-30 23:00:00
Brendan Fagan,
Berkshire Hathaway Meeting Talking Points:
Berkshire Hathaway shares sit at record highs prior to the company’s annual shareholder meeting
Warren Buffett will be the center of attention, after making many bold moves in the market last year
Meme stock investors will most likely disregard the insight from the “Woodstock for value investors”
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All eyes will focus on Los Angeles this weekend, as Warren Buffett and Charlie Munger host Berkshire Hathaway’s annual shareholder meeting virtually. Last year, Buffett struck a sour tone when describing the state of the pandemic and his outlook for various secrets within capital markets. Most notably, Buffett and Berkshire unloaded their entire position in the domestic airline industry, reflecting the growing worries surrounding pandemic-affected industries.
Ford Stock Sinks as Global Semiconductor Shortage Bites into Fiscal Year Outlook
2021-04-29 00:00:00
Brendan Fagan,
Stock Market Talking Points:
Federal Reserve Chair Jerome Powell reiterated the Fed’s accommodative stance, rates remain unchanged
Ford Motors posted strong earnings, but slashed FY outlook as semiconductor shortages impact production
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US equities closed lower on Wednesday, as Federal Reserve Chair Jerome Powell offered no surprises while fielding questions from the press. The Federal Open Market Committee (FOMC) left interest rates unchanged and remained committed to $120 billion in monthly asset purchases. Chair Powell indicated that the economy remains “quite a distance” from Fed targets, and it is still too early to foster any discussion of tapering asset purchases.