mmfnschedule   mmfnschedule

«

»

Jul 24 2014

Exceeding Earnings Expectation

Market Recap:

Stocks were mixed on Wednesday, as market participants weighed strong earnings against a slightly disappointing Mortgage Origination report. Boeing and Apple both impressed, helping drive the S&P 500 to a new record high. The Dow Jones did lose a small fraction of a percent as Consumer and telecom shares fell. Sectors of the S&P were mixed, with the aforementioned industrial sectors falling, and healthcare shares climbing most. The dollar strengthened against major currencies, while commodities were generally higher.


Looking Ahead:

AT&T reported weaker than forecast earnings on Wednesday afternoon, while Facebook had an impressive quarter. So far, about ¾ of the companies that reported have exceeded earnings expectation – a trend that will hopefully continue on Thursday as both earnings reports and economic data will be plentiful. Expect market participants to pay particular attention to Home Sales data, which is being released at 10:00 AM.

Make sure to tune into Money Matters with Gary Goldberg at 2:00 PM on Saturday afternoon, and 11:00 AM on Sunday to hear our complete economic analysis and market commentary. Visit our website www.ggfs.com for details.