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Originally posted by Stinger_1066 View PostIt would be really nice if China would end their lockdown.
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Originally posted by Stinger_1066 View PostI'm having a really good day for the first time in a while. Coal leads the way, followed by LNG. Oil, mining, agriculture and commodities are doing OK too.
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Stinger_1066 HP's Earnings came back stronger than expected. Beat estimates by $0.42. Financials look really strong going forward especially since they still have rigs ready to go and are only paying 280 BP annually on their LT debt. Statement from CEO John Lindsay is promising! Looks like I was fairly on target for my projections.
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Originally posted by theresonly187 View Posti don't think the dow has bottomed yet....not sure about nasdaq...
DOW - 32250
S&P 500 - 4150
NASDAQ - 12600
NASDAQ has closed below that number the past 2 days. The DOW is 1000 points above. S&P is only 34 points above.
Looks like the NASDAQ is set to rally big today. We'll see if it sustains. Earnings numbers have been good for about 75% of the companies that have reported so far, so that helps, but it could be only temporary.
Originally posted by MJSooner View Post
I was up a decent amount early in the day but sold off I guess later and I ended up negative. Really like to see this turn around ASAP.
Originally posted by SoonerKA1999 View PostStinger_1066 HP's Earnings came back stronger than expected. Beat estimates by $0.42. Financials look really strong going forward especially since they still have rigs ready to go and are only paying 280 BP annually on their LT debt. Statement from CEO John Lindsay is promising! Looks like I was fairly on target for my projections.If you are yet to be SECtarded, you aren't trying hard enough. Slykology.
Never go full Sparktard.
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This may be a good value play - Allison Transmissions. I picked up a few shares yesterday.
P/E ratio of 9. 22% down from 52 week high. Earnings report below. Beat on top and bottom lines. Positive forward guidance.
Allison Transmission Q1 EPS, Sales Climb; Affirms 2022 Guidance -- Shares Up 3% After-Hours
4:35 PM ET, 04/27/2022 - MT Newswires
04:35 PM EDT, 04/27/2022 (MT Newswires) -- Allison Transmission Holdings (ALSN) on Wednesday reported Q1 earnings of $1.30 per diluted share, up from $1.07 a year ago.
Analysts polled by Capital IQ expected GAAP EPS of $1.14.
Sales rose to $677 million from $588 million. The Street projected $642.2 million.
The company affirmed its full-year 2022 sales outlook of $2.63 billion to $2.78 billion and net income outlook of $430 million to $520 million. The Street estimates sales of $2.7 billion.
Price: 37.33, Change: +1.09, Percent Change: +3.01
If you are yet to be SECtarded, you aren't trying hard enough. Slykology.
Never go full Sparktard.
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This news may negatively impact the market today.
U.S. economic growth rate unexpectedly declined in the first quarter by 1.4%
Gross domestic product unexpectedly declined 1.4% in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday.
The negative growth rate missed even the subdued Dow Jones estimate of a 1% gain for the quarter.
A plethora of factors conspired to weigh against growth during the first three months of 2022, which fell off a cliff following the 6.9% gain to close out last year.
Rising omicron infections to start the year hampered activity across the board, while inflation surging at a level not seen since the early 1980s and the Russia invasion of Ukraine also contributed to the economic stasis.
Prices increased sharply during the quarter, with the price index for gross domestic purchases surging 7.8% in the three-month period, following a 7% gain in the fourth quarter of 2021.
While recession expectations on Wall Street remain low, there’s further trouble ahead: In an effort to combat burgeoning price increases, the Federal Reserve plans to enact a series of rate hikes aimed at slowing growth further.
Current market pricing indicates the equivalent of 10 quarter-percentage-point interest rate moves that would take the Fed’s benchmark interest rate to about 2.75% by the end of the year. That comes after two years of near-zero rates aimed at allowing a recovery from the steepest recession in U.S. history.
Along with that, the Fed has halted its monthly bond-buying program aimed at keeping rates low and money flowing through the economy. The Fed will start shrinking its current bond holdings as soon as next month, slowly at first then ultimately at a pace expected to hit as high as $95 billion a month.
While economists still largely expect the U.S. to skirt an outright recession, risks are rising.
Goldman Sachs sees about a 35% chance of negative growth a year from now. In a forecast that is an outlier on Wall Street, Deutsche Bank sees the chance of a “significant recession” hitting the economy in late 2023 and early 2024, the result of a Fed that will have tighten much more to tamp down inflation than forecasters currently anticipate.
That all comes after a year in which GDP rose at a 5.7% pace, the fastest since 1984. While consumer expenditures, which account for nearly 70% of the U.S. economy, drove growth in the first half of 2021, an inventory rebuild from the depleted pandemic levels accounted for almost all the growth in the final two quarters of the year.
Sustaining that growth into 2022 will require an easing in clogged supply chains and some resolution in Ukraine, both of which will face pressures from higher interest rates from not just the Fed but also global central banks that are engaged in a similar struggle against inflation.Interest Rates,Inflation,Jobless claims,Gross domestic product,Breaking News: Markets,Markets,Breaking news,Economy,Breaking News: Economy,business newsIf you are yet to be SECtarded, you aren't trying hard enough. Slykology.
Never go full Sparktard.
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Originally posted by theresonly187 View Post
dow hit my low...could go lower but I think the market will reverse to the up side in the next few days...
In his email on Thursday he said he disposed of all his inverse ETFs because he thinks we found a bottom. He should have waited at least one more day.
I took a hit yesterday. The only thing that makes me feel good about it is it was significantly less than the hit taken by all the major indexes.
Friday was one of those gut it out days. Pretty sure there will be a rally when China ends their lockdown, if they ever do. 80% of earnings reports so far have been positive.If you are yet to be SECtarded, you aren't trying hard enough. Slykology.
Never go full Sparktard.
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Originally posted by Stinger_1066 View Post
I sure hope so. S&P and NASDAQ both closed below Gunderson's support levels.
In his email on Thursday he said he disposed of all his inverse ETFs because he thinks we found a bottom. He should have waited at least one more day.
I took a hit yesterday. The only thing that makes me feel good about it is it was significantly less than the hit taken by all the major indexes.
Friday was one of those gut it out days. Pretty sure there will be a rally when China ends their lockdown, if they ever do. 80% of earnings reports so far have been positive.
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Originally posted by Stinger_1066 View Post
I sure hope so. S&P and NASDAQ both closed below Gunderson's support levels.
In his email on Thursday he said he disposed of all his inverse ETFs because he thinks we found a bottom. He should have waited at least one more day.
I took a hit yesterday. The only thing that makes me feel good about it is it was significantly less than the hit taken by all the major indexes.
Friday was one of those gut it out days. Pretty sure there will be a rally when China ends their lockdown, if they ever do. 80% of earnings reports so far have been positive.
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Originally posted by sheepdogs View Post
Thing about earnings reports, they are backward looking. Another GDP number like the previous one and that constitutes a recession (-1.4% growth was the initial read thus it could revert itself to a positive number given there are two revisions waiting down the road). Currently, the world is in a monetary tightening cycle. Monetary policy is usually too loose or too tight for the "sweet spot" rarely occurs. Given this, things are tending to look more grim than more robust. Sorry. There are always segments of the market which can still do relatively well, but the opportunities will likely become more narrow in scope. Good luck.
The negative GDP is troublesome. The explanation I saw was that we imported a whole lot more than we exported this past quarter. So, we are even more dependent on the Chinese than ever before.If you are yet to be SECtarded, you aren't trying hard enough. Slykology.
Never go full Sparktard.
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Originally posted by theresonly187 View Postdow below it's support...so i think it'll probly bounce by eod
Made a profit but man, the woulda coulda
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Originally posted by theresonly187 View Postdow below it's support...so i think it'll probly bounce by eod
I was at one point down 1.5% on the day, finished up 0.4%.If you are yet to be SECtarded, you aren't trying hard enough. Slykology.
Never go full Sparktard.
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Originally posted by MJSooner View PostThe pod from Friday for the CNBC guys (Guy Adami, Dan Nathan) are not optimistic AT ALL about the market and where it's going. Nothing I can do at this point but ride it out since it has been down so much.If you are yet to be SECtarded, you aren't trying hard enough. Slykology.
Never go full Sparktard.
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I watched Powell's presser. First time I've ever done that. It was very interesting to watch the index numbers. As soon as he said that they were not entertaining anything larger than 50 basis point hikes, the indexes exploded. My account went from being flat on the day to being up by more than 2% in less than 15 minutes.If you are yet to be SECtarded, you aren't trying hard enough. Slykology.
Never go full Sparktard.
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Originally posted by Stinger_1066 View PostI watched Powell's presser. First time I've ever done that. It was very interesting to watch the index numbers. As soon as he said that they were not entertaining anything larger than 50 basis point hikes, the indexes exploded. My account went from being flat on the day to being up by more than 2% in less than 15 minutes.
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Originally posted by MJSooner View Post
I need that gig for a few days so I can unload some dogs.If you are yet to be SECtarded, you aren't trying hard enough. Slykology.
Never go full Sparktard.
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Originally posted by theresonly187 View Postbounced a little higher than i anticipated....
should start a pretty solid rally very soon....i think the low is basically in....
The Fed was pretty firm in their commitment to stick to 50 basis point hikes for the next few meetings. They took the 75 basis point hike option off the table (for now).
80% of the S&P companies beat earnings expectations, and most have offered positive forward guidance.
Multiples have shrunk due to the rise in interest rates. That means forward P/E is lower than before, i.e., there is more value.
The three wild cards are the war, the lockdown in China, and inflation (has it peaked yet?).If you are yet to be SECtarded, you aren't trying hard enough. Slykology.
Never go full Sparktard.
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Things are down for me over all but it's times like this when I'm glad that my manger has gradually been shifting us into higher quality positions that pay decent dividends an in recent weeks, he has been building up our dry powder....but, I'm afraid we are entering a lengthy period of time that will eventually remind investor's a lot of the 1970's and perhaps worse, but nobody knows.
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Originally posted by SoonerMBA View PostMarket opens lower today. I've got a little dry powder to add more VTSAX at the bottom. Is today that day, or hang on a little longer?
Pretty much everything is down today - all sectors.
This might be a good day to buy some O&G and / or commodity ETFs.If you are yet to be SECtarded, you aren't trying hard enough. Slykology.
Never go full Sparktard.
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