Kicking some of the wind out of our sails is the early morning climb in the U.S. 10-year Treasury yield, which topped 1.77%, its highest point since January 2020
According to U.S. Trade Representative Katherine Tai, the U.S. isn’t ready to lift tariffs on Chinese imports in the near future but might be open to trade negotiations with Beijing. President Joe Biden is expected to unveil his infrastructure-led stimulus program.
Is the tech selloff finally over? Bulls are eagerly waiting for that question to be answered after watching the painful effect rising bond yields have had
We started seeing a positive shift in the overall earnings picture in July last year when estimates started rising again after the sharp Covid-driven cuts.
Helping boost futures are bank stocks, trading higher on the news they can resume buyback activity and boost dividends beginning at the end of June. Meanwhile, investors will continue to monitor the fallout from the Suez Canal blockage.
It is a tale of two pandemics as investors look to be buying into the reopening of the U.S. economy rather than worrying about the third wave of the coronavirus in Europe
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Weighing on equities are fresh concerns about the economic recovery as Europe is battling renewed coronavirus lockdowns, as well as potential U.S. tax hikes, which are hitting risk appetites and fostering a move to more defensive assets.
Today, Treasury Secretary Janet Yellen and Fed Chairman Jerome Powell will make their first joint appearance in front of Congress when they testify on the government’s pandemic relief efforts
After having priced in a robust global recovery from the pandemic, fears are once again emerging that life may not get back to normal as soon as hoped, and tensions are rising as countries battle over vaccines
The encouraging stance from the Fed seem to help the market shrug off, at least in the near term, some concerns about the rising bond yields. Other causes for optimism: Q1 earnings results are right around the corner, and progress on vaccines and distribution is accelerating
Regular readers of our earnings commentary know that we started seeing a positive shift in the overall earnings picture in July last year. This improving trend in estimate revisions remained in place over the following months and actually accelerated over the last few months, as
With little in the way of economic data and earnings reports to be had this morning, the day’s trading will likely reflect the day’s move in Treasury yields and the outcome of U.S.-China trade talks
Shares of Nike (NKE) have one of the better-performing names within the retail sector over the past year, rising some 120% over the past year, including 7% returns over the past week