As the earnings season is coming to an end, we’d like to review this earnings season. Many stocks rose to an all-time-high or a new high in Q1.According to Factset, consumer discretionary sector posted the highest earnings growth. Therefore, this article will list the cosumer discretionary stocks that reach a new high in Q1.Consumer Discretionary Stocks That Reached A New High1.$Pepsi(PEP)$ rose to an all-time-high of $196.88 on 15th May. It posted earnings on 26th April, which boosted its outlook for the year and beat revenue expectations. Adjusted EPS: $1.50 vs. $1.39Revenue: $17.85 bln vs. $17.22 bln 2. Burrito chain $Chipotle Mexican Grill(CMG)$ rose to an all-time-high of $213
As the earnings season is coming to an end, we’d like to review this earnings season. Many stocks rose to an all-time-high or a new high in Q1.According to Factset, consumer discretionary sector posted the highest earnings growth. Therefore, this article will list the cosumer discretionary stocks that reach a new high in Q1.Consumer Discretionary Stocks That Reached A New High1.$Pepsi(PEP)$ rose to an all-time-high of $196.88 on 15th May. It posted earnings on 26th April, which boosted its outlook for the year and beat revenue expectations. Adjusted EPS: $1.50 vs. $1.39Revenue: $17.85 bln vs. $17.22 bln 2. Burrito chain $Chipotle Mexican Grill(CMG)$ rose to an all-time-high of $213
Jerome Powell has started his press conference by reaffirming the central bank’s stance in the fight against inflation. "We have more work to do" to bring down inflation after the central bank raised its rate by 25 basis points to 4.50%-4.75% Federal Reserve Chair Jerome Powell said in his post-monetary policy decision press conference. The S&P 500 gained on Wednesday in an intraday turnaround as investors shook off a quarter-point rate hike from the Federal Reserve and focused on comments from Fed Chairman Jerome Powell that hinted at falling inflation. The S&P 500 gained 1.09% after falling nearly 1% earlier. The Nasdaq Composite added 1.97%. "Hawkish FED rates no more !", stock traders of the world were rejoicing. One even posted a "Hawk" taking a day off to post selfies of itse
Looking at the reactions from the stock market because of the CPI report, I think that the $S&P 500(.SPX)$ will continue to be green. However, I do think that the market is still hesitant as they await the results of the earnings report of the Banks in the U.S. I would think that all the banks, such as $Bank of America(BAC)$ would be very much in the green but would give the standard "I expect things to slow down with a potential recession coming". Of course the market would not heed this and take it as a good sign anyway. At this point, you must understand why. The market is very starved for good news. They will interpret a
$FTSE China Bear 3X Shares(YANG)$ $Invesco QQQ Trust(QQQ)$ $Nasdaq100 Bear 3X ETF(SQQQ)$ Black swan predictions in 2023? By definition, a black swan event is unexpected, and comes out of left field, but I contend, we usually have strong clues, IF we are willing to consider the "unthinkable." We just don't want to say it out loud, much like thinking, that saying the word Voldemort, is worse than the actual bad guy. I still believe China will invade Taiwan before Biden leaves office, I'm expecting this spring (April.) The feds will pivot at that point, but any bounce will be very short lived as the markets digest that "unthinkable" act of aggression. In Feb Putin wi