Taiwan Semiconductor Earnings Reflects Problems with Supply Chain
Large financial companies are still monopolizing the earnings news. Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Morgan Stanley (NYSE:
Financial and Technology Stocks Making Headlines
Today kicks off the unofficial start of the fall earnings season with some big banks in focus, but before investors can dive into the earnings news they have to deal with some Apple (NASDAQ: AAPL) news.
Monday’s Market Minute: Earnings Season Kicks Off Again
Let’s take a market minute to get ahead of this week.
After the Jobs Report, Investors are Looking at The Fed for Tapering Signals
Investors were in wait-and-see mode before the Employment Situation Report and then the volatility hit. Non-farm job growth was expected to be around 500,000 but the number was only 194,000. This shows how difficult predicting job growth has been during the pandemic.
Jim Cramer Identifies ‘Major Reason To Buy Bitcoin’
Bitcoin (CRYPTO: BTC) is surging to new five-month highs Wednesday and Jim Cramer believes a buy signal was flashed when Treasury Secretary Janet Yellen spoke in a televised appearance on CNBC.
Airlines Downgraded by Goldman Sachs Despite Higher Bookings
Wall Street appears to be living up to its roller coaster reputation as stock futures point to a lower open after yesterday’s rally. Inflation continues to be a concern for investors. European markets were shaken by European natural gas prices which exploded 13% overnight.
Rising Oil Prices and Yields Makes Market Navigation More Complex
Bitcoin (/BTC) topped $50,000 this morning for the first since May, but traders may be more focused on oil prices and yields. Crude oil (/CL) is continuing its rise as futures traded more than 1% higher before the market open.
Tesla and Merck Give Investors Some Hope
Friday’s rally appears to have lost its momentum over the weekend because stock futures are trading lower before Monday’s open. China’s troubled real estate developer Evergrande continues to be a drag on stocks. Hong Kong’s Hang Seng Index (HIS:HK) dropped 2% as trading on Evergrande was halted.
Merck Announcement Helps Prompt Positive Pre-Market Price Moves
The new quarter appears to be starting off on a slightly higher note as futures are pointing to a positive opening.
Closing Out the Quarter: Tech Rebounds a Bit but Supply Chain Issues Slam Bed, Bath & Beyond
With Treasury yields losing a bit of their grip and volatility edging lower, stocks have a slight green tint this final morning of the quarter. Barring one of the greatest rallies ever, September is going to be a down month.