Yesterdays drop as the yields rise, the s p and nasdaq are now on pace for their worst week since march. Interesting action in bonds as the ten gets back to 4. 2. Weird. Today we got decent productivity data, labor costs were okay, and then prices paid on the ism back to the highest levels since april. So the markets sussing out what is the inflation trend right now. Watching that inflation trend and that commentary we got from Warren Buffett and his confidence in treasuries and the fact hes going to keep buying is just a question of which treasury right and then, of course, a slew of corporate results. We talked media last hour with warner bros. Discovery all eyes are on apple and amazon and their commentary about the back drop. I think were going to be seeing the tea leaves of amazon and what well see in the next quarter. I think thats important. Very big night of results coming their way ahead of the jobs number. Despite our next guest pointing out warning signs in the market, hes n
Nasdaq with. 46 i can do best sometimes but sometimes it isnt enough. This morning i saw action that was so destructive that i wanted to scream but i guess its only natural. This is earnings season and people cant resist making snap judgments. Snap judgments that lead to stupid decisions and losses. Let me share the obvious ones to show you how truly block headed earnings season can be. They might as well call it mistake season for all the ridiculous moves people are making. Im stopping it tonight. Jp morgan and wells fargo along with Johnson Johnson all reported today and the action in their stocks exhibited a level of lunacy. That suggests that people trading them were just totally clueless. Lets start with jp morgan. This was a truly magnificent quarter with 6 billion worth of profits. Yes, thats b. 6 billion including those no longer eaten up by legal bills, a sizable cut in branch expenses, a beautiful capital bill and an astounding 27 increase year over year. This was a staggerin
Edgewell Personal Care (NYSE:EPC – Get Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday. Other equities analysts have also recently issued reports about the stock. Barclays lifted their price objective on shares of Edgewell Personal Care from $37.00 to […]
Edgewell Personal Care (NYSE:EPC – Get Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. EPC has been the subject of several other reports. Canaccord Genuity Group raised their price target on shares of Edgewell Personal Care from […]
Gabelli Funds LLC lessened its holdings in Edgewell Personal Care Co (NYSE:EPC – Free Report) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,037,925 shares of the company’s stock after selling 22,000 shares during the quarter. […]