Econ Recaps

FRC COLLAPSE! The week in Review// April 28th recap

Sat, 29 Apr 2023 15:25:54 GMT

Econ Recaps provides daily updates on the stock market, including information on the S&P 500, the best-performing sectors, and economic news. The channel also highlights the week's top five events, including job cuts, lawsuits, and bankruptcies. In earnings news, Exxon Mobile and Chevron both reported positive results.

Amazon stock drops, Snapchat plummets, Lyft lays off 26%// April 27th recap

Sat, 29 Apr 2023 15:25:41 GMT

Welcome to Econ Recaps! We share daily summaries of the stock market so you don't have to read lots of articles. Today, the S&P 500 went up by almost 2%, and all 11 sectors increased, with communication services rising by over 5%. Meta Platforms had a big boost after reporting strong earnings. There's talk of de-dollarization, with Argentina using Chinese yuan to pay for imports, and France urging Europe to be less reliant on the US dollar. Jobless claims were better than expected, but GDP growth for the first quarter was lower than expected. Some companies reported earnings, and there were some big winners and losers. Tomorrow, we'll hear from Exxon Mobil and Chevron.

FRC is dead, META BEATS earnings, Fox loses 700K viewers//April 27th market recap

Thu, 27 Apr 2023 02:07:42 GMT

This is a recap of what happened in the stock market today. The S&P 500 went down, and most sectors closed lower except for Information technology. Chipotle did well, while First Republic Bank did not. Activision's deal with Microsoft was blocked, and Disney is suing Florida Gov. Ron DeSantis. Tyson Foods eliminated some jobs, and Fox News lost viewers after laying off Tucker Carlson. The Federal Reserve Bank reported good news about durable goods orders. Meta and Roku had good earnings, while Boeing and Hilton had mixed results. Humana had strong earnings. Tomorrow, there will be earnings reports from Intel, Amazon, American Airlines, Mastercard, Caterpillar, and Gilead Pharmaceuticals.

ALPHABET INC, MICROSOFT And LOTS More Earnings// April 25th Recap

Wed, 26 Apr 2023 02:34:26 GMT

Hey guys, Welcome back to econ recaps. The S&P 500 index was down 1.58%, with Information Technology and Materials being the worst performing sectors. The news included reports of a bank's poor earnings, concerns over Chinese cloud companies, and indicators of a slowing economy. There were also updates on various companies' earnings reports, with some beating expectations and others falling short. The video ends with a preview of upcoming earnings reports.

META and FOX pay up BIG TIME, Netflix cuts DVDs, Pfizer Sued//'Econ Recaps

Wed, 19 Apr 2023 01:43:41 GMT

In today's recap, the S&P 500 closed up almost 1%, and individual stocks were impacted by analyst recommendations. Nvidia and Tyler Technologies rose after upgrades, while Catalent and Dish Network fell after downgrades. Pfizer is facing a patent infringement lawsuit over their COVID-19 vaccine, and Facebook's parent company, Meta, agreed to pay $725 million to settle a privacy lawsuit. Southwest Airlines had to ground all flights due to data connection issues, and preliminary building permits were slightly below expectations. Netflix reported a quarter in line with expectations, while Goldman Sachs missed revenue estimates but beat earnings per share. Fox News settled a lawsuit with Dominion for $787 million over baseless election tampering claims.

US Debt GOES CRAZY, Markets Prepare for China Invasion, and More Daily Market News//ECON RECAPS

Tue, 18 Apr 2023 01:37:33 GMT

In today's Econ Recaps, the S&P 500 closed up slightly with the real estate sector leading the gains. Wells Fargo and Digital Realty Trust were the biggest winners while Statestreet and Moderna were the biggest losers. Taiwan announced plans to buy American antiship missiles while Warren Buffet sold most of his stake in TSMC. The US is currently holding $31.4 trillion in national debt, with a debt ceiling that limits how much the government can borrow. If the debt ceiling is not raised, the US may default on its obligations, which could have serious consequences for the economy and global markets. However, the US has a 5.2 debt service coverage ratio, which indicates a good handle on its debt. State Street reported a slightly worse-than-expected quarter, while Charles Schwab's earnings per share beat expectations. Tomorrow, big names like Bank of America, Goldman Sachs, and Netflix will report earnings.

Big Earnings, Merck/Moderna Cancer Vaccine, BIG Earnings AHEAD//Sunday Outlook

Sun, 16 Apr 2023 23:15:38 GMT

The Econ Recaps Weekly Outlook talks about recent news and events that could affect the market. Amazon had a brief outage, Walmart closed stores due to losses and competition, Merk and Moderna announced a successful cancer vaccine trial, and the industrial automation services market is expected to grow. The upcoming week will have earnings reports from various companies such as Bank of America, Goldman Sachs, Johnson and Johnson, United Airlines, and Tesla. The week will end with Building Permits for March, Preliminary PMI, and the Fed Beige Book.

Banks CRUSH Earnings, Montana Bans Tiktok, What happened this Week?//Weekly Recap

Sat, 15 Apr 2023 01:55:28 GMT

In this daily market recap, the S&P500 closed slightly down, with 8 of the 11 sectors ending lower, especially in Real Estate. The banking sector performed well, with better-than-expected earnings from JP Morgan and Citi. Montana lawmakers passed a bill to ban TikTok from mobile app stores in the state, and the change in Retail Sales for March showed a decrease from the previous month but an increase from the previous year. The preliminary Consumer Sentiment Report for April showed more optimism about economic prospects. There were also updates on earnings reports from companies like Citigroup, JP Morgan, and United Health. Finally, the recap highlighted some top events of the week, including ongoing legal battles, store closures, and production delays.

Apple TRIPLES India Plant, BOEING CRASHES 5%, Softbank DUMPS BABA!!// Econ Recaps

Fri, 14 Apr 2023 02:02:44 GMT

The S&P 500 closed up 1.33%, with Consumer Discretionary being the best-performing sector. Apple rebounded 3.4% due to increasing iPhone production in India. Boeing's stock declined 5% in after-hours trading as the company announced a reduction in 737 Max production and deliveries due to manufacturing issues. Paypal is up 2.75% as it announced a cut in pay for its departing CEO. Alibaba's stock rebounded 2.5% after a recent sell-off due to Softbank Group liquidating its position in the company. The Purchaser Price Index showed a decrease in prices charged by producers, indicating a possible easing of inflation. Initial Jobless claims came in higher than expected, potentially introducing some slack in the services sector to help fight inflation. Delta Airlines and Progressive reported disappointing earnings, with Progressive's combined ratio coming in higher than expected. Tomorrow, earnings from banks and healthcare providers will be announced. The recap also highlighted the risk of a money market bubble caused by investors seeking safer investments during economic uncertainty, which can lead to lower interest rates, reduced lending activity, and slower economic growth.

Meta Robots, TESLA UP 68%, California EV Trucks - What You Need to Know // ECON RECAPS

Sun, 02 Apr 2023 01:40:52 GMT

In this video, Econ Recaps discusses California's new electric vehicle initiative, Meta's new robots, and highlights the biggest events of the week. The S&P 500 closed positively and all 11 sectors had gains. Tesla had a strong performance due to expectations of exceeding delivery and production estimates. Facebook's stock increased after Meta AI released a video of their robots completing tasks. Deposit data showed Americans withdrew $125.7 billion, and PCE price index data indicated a 5% YoY increase in prices. The Michigan consumer sentiment report showed decreased confidence, likely due to the financial sector's recent turmoil. The top five events of the week were discussed, including the acquisition of Silicon Valley Bank, Disney's layoffs, and Alibaba's split into six different business segments. Lastly, news broke about charges against Donald Trump. Tune in on Sunday for the weekly outlook.

Sunday Outlook: Wagner Group Invades Russia + Next Week's Events.

Sun, 25 Jun 2023 22:19:37 GMT

Starting next week, we'll shift to creating helpful videos instead of daily recaps. Follow us on Twitter @Econrecaps for daily recaps. Prigozhin ordered the Wagner Group to take over Russian military bases due to tensions, alleged strikes, and conflicts. Earnings reports next week include Carnival, Jefferies, General Mills, Micron, Mccormick, Paychex, Walgreens, Rite Aid, Nike, and Constellation Brands. Economic reports include durable goods orders, consumer confidence, bank stress testing, jobless claims, GDP growth, PCE index, and Michigan Consumer Sentiment. Watch for our video on finance terms every investor should know. Thanks for listening!

6/21 Recap: Elon and Zuckerberg FIGHT, Amazon PUMP, Tesla DUMP... what you need to know.

Fri, 23 Jun 2023 02:21:00 GMT

The S&P500 gained 0.37%, led by Amazon's 4.25% rise after investing $100 million in an AI center. Regional banks declined, and Tesla's rating was downgraded. Elon Musk and Mark Zuckerberg joked about a potential cage fight. Short interest on equities exceeded $1 trillion, raising concerns. OceanGate shifted from rescue to recovery in the search for the Titanic submarine. Ford secured a $9.2 billion loan for battery factories. Lucid Motors hit a new all-time low. Citigroup will reprimand non-compliant staff. Jerome Powell hinted at rate hikes and increased capital requirements for big banks.

6/21 Recap: Tesla PLUMMETS, Amazon's FTC Complaint, Student Loan Payments Resume, Powell Speaks

Thu, 22 Jun 2023 02:12:48 GMT

In this Econ Recaps video, we cover the market's decline, driven by Federal Reserve Chairman Jerome Powell's hawkish testimony. Tech stocks like AMD, Intel, Salesforce, and Qualcomm suffered losses, while Tesla shares plummeted due to waning sales optimism and a downgrade by Barclays. The UK's CPI remained unchanged, raising chances of a rate hike. The FTC filed a complaint against Amazon, and Logitech announced a $1 billion share buyback. Student loan payments will resume in October, potentially impacting discretionary spending. CEOs from major tech companies attend India's Prime Minister's White House dinner. Winnebago's revenues beat expectations. Stay tuned for earnings reports from Accenture, Factset, and Smith & Wesson. Don't forget to watch the previous episode discussing Opengate's missing submarine and subscribe to Econ Recaps for more updates.

6/20 Recap: Tesla Soars on Rivian Deal, OceanGate's Lost Submarine, Spotify Drops Meghan Markle!

Wed, 21 Jun 2023 03:06:27 GMT

In today's episode, we'll dive into the latest updates that rocked the financial world. Hold on tight as we discuss the S&P 500 taking a dip, but fear not, because Tesla is on fire with a game-changing deal with Rivian! We'll also explore Intel's bold move in Germany and the unfortunate incident involving OceanGate's lost submarine. And that's not all! We'll cover the Johnsonville recall, the leadership shake-up at Alibaba, Paypal's lucrative loan sale, Spotify's surprising decision about Meghan Markle, FedEx's revenue miss, and La Z Boy's impressive earnings beat. Oh, and let's not forget to peek into the upcoming earnings report of Winnebago. Buckle up, folks, because this episode is jam-packed with all the market buzz you need to stay in the know! Don't forget to hit that like button and subscribe to Econ Recaps for more thrilling updates. Let's get started! Cheers!

6/17 Recap: Meta Platforms JUMPS, COVID Challenges Hotels | Latest News and Earnings Analysis

Fri, 16 Jun 2023 01:57:56 GMT

Good evening investors! Today's market recap: S&P 500 gained 1.2% to $4,425.84. Meta Platforms received a boost, positioned to benefit from AI. Hotel chains faced COVID challenges. Initial jobless claims came in at 262K. Intel set to receive $11B in subsidies. Oracle announced layoffs. Disney CFO stepped down. Kroger beat earnings estimates, but stock declined. Adobe surpassed revenue expectations. Stay tuned for more updates!

6/14: Fed Holds Rates, Tech Sector Soars, UnitedHealth Stumbles, Tesla's Expansion Plans

Thu, 15 Jun 2023 01:44:33 GMT

Fed maintains interest rates, tech stocks surge, UnitedHealth faces challenges, Tesla expands in China and France, music companies sue Twitter, fruit recall due to Hepatitis A concern, New Zealand enters recession, Budlight slips in sales, Autozone announces stock buyback, and Lennar beats earnings estimates. Watch our recap for the latest market updates.

6/13: Trump Indicted on 37 Classified Document Charges! Market Surges on Low Inflation and China's Rate Cut!

Wed, 14 Jun 2023 03:02:09 GMT

In today's recap, the market closed higher as the S&P 500 saw positive sector performance and low inflation rates. Commodity companies benefited from China's rate cut, while Comerica announced plans to wind down its mortgage operations. Microsoft's acquisition of Activision Blizzard was temporarily halted, a San Francisco mall operator stopped paying its mortgage, and Congress expressed concerns about a potential bond dump by China. Netflix plans to enter live sports and open a pop-up restaurant, while Disney faced film release delays. Former President Donald Trump has been indicted on 37 felony counts related to classified documents.

6/8 Recap: Trump Indictment Part 2, Electric Boogaloo!

Fri, 09 Jun 2023 02:36:46 GMT

In today's recap, jobless claims showed mixed results, but the market remained mostly positive. Tesla's stock rose due to plans for expanding its charging network, while Warner Brothers made significant debt repayments, and Carvana's stock soared. The US dollar still dominates global transactions. Reports of a secret eavesdropping agreement between Cuba and China are disputed by the Pentagon. DocuSign beat revenue and earnings expectations, while Vail Resorts fell short. Tomorrow, NIO, a Chinese EV manufacturer, will report earnings.

6/7 Recap: Gamestop CANCELS Earnings Call, HBO Prime Might Happen, and 2 CEOs got Fired....

Fri, 09 Jun 2023 02:36:27 GMT

S&P 500 closed slightly lower, with the technology sector experiencing losses. Energy sector performed well due to higher-than-expected oil usage. Warner Brothers' stock rose as talks of bringing ad-supported Max to Amazon Prime Video emerged. CNN's CEO was fired amid controversies. Binance faced an investigation by Canadian securities regulators before exiting the country. Gamestop reported mixed earnings and announced a CEO change. Campbell's Soup met revenue expectations but saw a decline in unit sales. Stitch Fix beat revenue and earnings estimates, leading to a significant stock increase. United Natural Foods disappointed with lower-than-expected earnings and reduced guidance. Trip.com experienced growth in domestic hotel bookings. FuelCell and DocuSign will report earnings tomorrow.

6/6 Recap: Lawsuits Against Automakers Binance and Coinbase, Bud Light Sales Decline, Boeing's Production Flaw.

Wed, 07 Jun 2023 02:56:29 GMT

The S&P 500 closed slightly higher, with the financial services sector performing well. Dish Network saw an increase in stock due to potential deal negotiations with Amazon. Altria completed the purchase of NJOY as part of its smoke-free initiative. Hyundai and Kia are being sued by several cities for allegedly making cars easy to steal. Bud Light sales have decreased significantly, while Boeing faced a drop in stock due to a production flaw. Netflix is predicted to gain 9 million paid subscribers, and Coinbase and Binance faced legal action. Dave N Busters beat earnings estimates, while Cracker Barrel missed expectations. Smuckers had increased earnings but declining sales forecasts. Overall, consumer discretionary stocks experienced a sales slowdown.

6/5 Recap: SEC VS Binance, APPLE New VR Headset, what you need to know...

Tue, 06 Jun 2023 02:21:22 GMT

In this market recap, the S&P 500 closed slightly down amid concerns of a recession and reduced energy demand. Semiconductor companies like Qualcomm, Texas Instruments, and Intel experienced losses due to Apple's announcement of using its own chip. EPAM Systems saw a significant drop in stock value after cutting its profit outlook. Apple unveiled the Apple Vision Pro mixed reality headset with some drawbacks. The SEC filed a lawsuit against Binance, accusing its CEO of mishandling funds. The ISM Services PMI for May came in lower than expected. GitLab beat expectations and saw a 30% surge in stock value. Tomorrow, earnings reports from Cracker Barrel, Dave and Busters, and Smuckers will provide insights into consumer spending.

6/4 Outlook: Saudi Arabia & OPEC+ CUTS Production! And The Week Ahead In The Markets

Mon, 05 Jun 2023 01:28:05 GMT

In the latest Econ Recaps, OPEC+ announced a production cut, which may stimulate inflation. President Biden signed a bill suspending the debt limit, allowing the Treasury Department to issue debt. Apple's Worldwide Developers Conference will feature new releases and a mixed reality headset. Several companies will report earnings, reflecting AI adoption and changes in consumer spending. Campbell Soup, Smuckers, and NIO will present their quarterly reports. Economic data includes the ISMs Services PMI for May and the FOMC meeting on the federal funds rate. Stay tuned for more updates in tomorrow's episode.

6/1 Recap: APPLE All-Time High, Dell Earnings Blunder, and Dollar General falls 19%!

Fri, 02 Jun 2023 02:36:24 GMT

The S&P 500 closed nearly 1% higher, driven by Meta's VR headset announcement. Match Group surged 10.2% with plans for a gay dating app, while Dollar General plummeted over 19% due to disappointing forecasts. Microsoft's partnership with Coreweave boosted Nvidia shares by 5%. The Senate voted against Biden's student-debt forgiveness proposal, but the veto is expected. Apple's expansion plans pushed its stock to a new high above $180. In economic news, the ISM Manufacturing PMI for May indicated a contraction in the manufacturing economy. Initial jobless claims came in slightly lower than expected, while continuing claims remained steady. Philadelphia Fed President Patrick Harker reiterated his stance on keeping rates unchanged during the June meeting, with the futures market predicting an 80% chance of no change.

ECON Recap: Amazon Walkout, Intel Surges, and OPEC's Surprise Move - Latest Updates!

Thu, 01 Jun 2023 02:06:37 GMT

In today's market recap, the S&P 500 closed down 0.61%, led by a selloff in the energy sector. Intel's stock rose 4.83% after announcing strong second-quarter revenue forecasts. However, competitors Nvidia and AMD both dropped around 5.7%. OPEC has banned media publications from its meetings, with speculation that Saudi Arabia wants to avoid publicizing oil production news. Amazon faced a walkout as employees protested the company's climate initiatives and return-to-work policy. Lastly we discussed earnings for the following companies: Salesforce, Okta, Crowdstrike Holdings, Chewy, Nordstrom, Victoria's Secret, and Advanced Auto Parts.

Cancel Culture Takes Down Target! What you might of missed in the market...//May 30th

Wed, 31 May 2023 01:48:40 GMT

Hey there, investors! Welcome back to Econ Recaps, your go-to channel for daily market updates. Today's recap brings you the latest highlights from the stock market. The S&P 500 held steady, closing just a tad higher, while consumer staples took a bit of a hit, and consumer discretionary showed some promising signs. We saw Nvidia making waves as it briefly hit a remarkable $1 trillion market cap before settling down a bit. Paramount Global also caught our attention, soaring after a buy upgrade. On the news front, debates were heating up over the debt ceiling bill, with Republicans expressing concerns about mounting debt. And of course, we can't forget earnings! Several companies reported their results, creating a mixed bag of outcomes that had an impact on their stock prices. Stay tuned for more exciting updates, and remember to hit that subscribe button so you don't miss a beat. Thanks for tuning in, and have a fantastic day!

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Debt Ceiling Deal Reached! Weekly Outlook// May 29th

Mon, 29 May 2023 19:21:20 GMT

Memorial Day Econ recap! Cheers

Massive Tesla DATA BREACH!! Weekly Market Recap// May 26th

Sat, 27 May 2023 02:13:23 GMT

In the stock market, the S&P 500 went up, driven by technology and consumer companies. Tesla had mixed news, becoming the top-selling car in Europe but also facing a data leak issue. They partnered with Ford for charging network access. Elon Musk's Neuralink got approval for human trials. Ron DeSantis raised a lot of campaign funds quickly. The US Treasury has low cash, prompting concerns about the debt ceiling. Uber and Waymo are launching self-driving cars, while Meta was fined for privacy violations. Nvidia had strong earnings, Netflix faced backlash over new fees, and Microsoft warned of Chinese hacking. Economic data showed positive signs, and Big Lots had a disappointing quarter.

NVIDIA Adds 184 BILLION in MARKET CAP! What You May Have Missed...//May 25th Recap

Fri, 26 May 2023 02:51:44 GMT

Good evening investors! We provide daily recaps to keep you updated on the market. Today, the S&P 500 closed slightly higher, while energy and technology sectors had notable performance. Nvidia's strong earnings boosted their stock by 24.37% and added $184 billion in market value. The US economy showed positive signs with revised GDP growth and better-than-expected jobless numbers. Lastly, there were updates on debt ceiling negotiations, layoffs at JP Morgan, and increased military aid to Ukraine. Thank you for watching Econ Recaps!

NVIDIA reaches ATH! Fitch Might DOWNGRADE the USA//May 24th Recap

Thu, 25 May 2023 02:27:30 GMT

"Good evening investors! Welcome back to our daily market recap. The S&P 500 closed slightly down, with real estate stocks performing poorly. Nvidia had a great day, while Analog Devices struggled despite beating expectations. In other news, debt ceiling negotiations continue, Florida Governor Ron DeSantis announced his presidential bid, and Microsoft warns of a Chinese hacking group targeting US infrastructure. Stay tuned for tomorrow's GDP estimate and earnings reports from companies like Best Buy, Dollar Tree, and Medtronic."

Market TANKS on NEW Covid Variant, what you missed in the markets// May 23rd Recap

Wed, 24 May 2023 01:41:10 GMT

Good evening, investors! Here's a quick recap of today's stock market: The S&P 500 closed down by 1.12% at $4,145.58. Exxon Mobil and Chevron were up, with Chevron announcing a deal to buy PDC Energy. Exxon Mobil plans to mine lithium. A new strain of Covid-19 was found in China. Vaccine makers saw an 8% increase, while casino hotels were down by 5%. In other news, Florida Governor Ron DeSantis will announce his bid for the presidency. Microbot issued more shares, Virgin Orbit was sold after bankruptcy, and Netflix is cracking down on password sharing. Waymo and Uber will launch autonomous taxis in Phoenix. Binance mixed customer funds with company revenues. Economic news: New home sales were up 4.1%, S&P Global's PMI showed mixed results, and building permits were down 1.4%. That's it for today!

META JUMPS 3% after being charged 1.3 billion dollars...//May 22nd Recap

Tue, 23 May 2023 02:57:10 GMT

In the market recap, the S&P 500 closed nearly flat. Consumer staples declined while Match Group and Pfizer saw stock price increases. TikTok sued Montana, Meta Platforms faced a $1.3 billion charge, and a fake explosion image caused a temporary sell-off. Federal Reserve presidents shared their views on rate hikes. Upcoming economic news includes building permits, PMIs, and new home sales. Zim Integrated Shipping and Pet Meds reported disappointing earnings, while Zoom Communications and Nordson had positive results. Tomorrow, earnings reports are expected from Lowe's, Dick's Sporting Goods, Autozone, Intuit, Toll Brothers, and BJ's Wholesalers.

China BANS Micron!! And what you need to know this week...//Weekly outlook

Sun, 21 May 2023 23:43:26 GMT

Welcome back to Econ Recaps! In recent news, major banks are closing physical branches due to the rise of online banking. The White House warns of the consequences if the debt ceiling isn't raised by June 8th. China has found cybersecurity issues with Micron, impacting their sales. Next week, we have a busy schedule of earnings reports and important economic events. Stay tuned and subscribe for more Econ Recaps. Cheers!

Tucker moves to Twitter, UPSTART up 42%, what you might have missed//May 9th

Sun, 21 May 2023 23:40:06 GMT

In this video, we provide a daily recap of the stock market. The S&P 500 closed down slightly, and 9 out of 11 sectors were down, with materials being the worst performer. We also discuss other news, such as Tucker Carlson relaunching his old show on Twitter, which caused Rumble Inc and DWAC to fall. President Biden may use the 14th amendment to raise the debt ceiling temporarily, and Buzzfeed announced they will be testing generative AI-created content. We also cover earnings reports from several companies, including Upstart, Airbnb, and Rivian. Finally, we preview upcoming earnings reports from Roblox, Unity, Disney, and others.

Palantir UP and Tyson Foods Down! Market News and What You Missed// May 8th Recap

Tue, 09 May 2023 01:48:16 GMT

The S&P 500 closed up slightly, led by gains in the communication services sector due to positive news from Alphabet and Warner Brothers. The real estate sector struggled due to fears of credit tightening from banks. Bitcoin fell 5% as investors continued to sell off, and Goldman Sachs settled a lawsuit for underpaying and underpromoting female employees. Wholesale inventory levels remained flat, while sales for wholesalers were down. Loan officers expect lending to remain tight as banks deal with weaker demand and possible credit deterioration. PayPal reported better-than-expected earnings, while Palantir beat expectations and saw a significant after-hours gain. Lucid Motors and Tyson Foods missed expectations and saw stock drops. There are several earnings reports to look forward to tomorrow.

PacWest Just Jumped 50%, SEC pays out $279M, Top 5 Things you might of Missed!\

Sat, 06 May 2023 01:35:28 GMT

In today's market recap, the S&P 500 went up by 1.85% to close at $4,136.25. Energy was the best-performing sector, up 2.71%. Regional banks rebounded today, and there was a proposed bill for a federally mandated $17 minimum wage across the US. The US authorities are probing Goldman Sachs to uncover their role in the Silicon Valley Bank collapse. On the earnings side, AMC beat loss per share estimates, and Cigna jumped 7%.

Apple 95 Billion in Revenues, Carvana Jumps 27%, AMD/Microsoft Team Up // May 4th

Fri, 05 May 2023 01:48:25 GMT

In this video recap, the S&P 500 closed down slightly, with the communication services sector seeing significant losses from movie and television media companies. Paramount Global's abysmal earnings report prompted a "sympathy play" where other entertainment companies were sold off. There were also difficulties in the regional banking sector, with PacWest Bancorp and Western Alliance Bank shares selling down heavily. Other news includes Shopify cutting staff and selling its logistics business, Microsoft financing AMD's expansion into AI processors, and US officials investigating possible market manipulation of bank equities. Earnings reports were mostly positive, with Apple's announcement of a share buyback and strong iPhone sales, and Moderna reporting much better-than-expected revenue. However, Lyft reported weaker than expected revenue forecasts, causing a significant sell-off.

May 3rd Market Recap

Thu, 04 May 2023 01:58:13 GMT

In a daily recap for investors, the S&P 500 closed down 0.7% with all 11 sectors in decline, particularly energy. Eli Lilly was up 6.7% due to a successful clinical trial for their Alzheimer's drug, while AMD fell 9.22% following poor earnings. The FTC proposed restrictions on Meta after violating their privacy agreement with the regulator. The Federal Reserve raised the target rate by 25 basis points to 5.25%, and Powell suggested no cuts this year. Additionally, we received the ISM Services PMI reading for April, and the ADP employment change report. CVS beat on revenue and earnings per share estimates, but fell due to poor 2023 earnings guidance. Lastly, earnings reports were discussed for Qualcomm, Albemarle Corporation, Etsy, Estee Lauder, and Marathon Oil.

Regional banks BLEED, Market hates Ugly Data, UBER up 10%, what you missed today! //May 2nd Recap

Wed, 03 May 2023 01:57:42 GMT

The S&P 500 index decreased by 1.16%, closing at $4,119.58. The energy sector was hit hard, with all 23 constituents of the energy sector select fund closing the day down, most of which over 4%. The financial sector was also hit hard, with only 4 of the 73 constituents closing the day up. The KBW Nasdaq bank index closed down 4.47%, and regional banks were sold down heavily. Uber reported much better than expected Q1 earnings, and the company's revenue was $8.82 billion, which is $110 million above expectations. Pfizer and British Petroleum both reported their revenues, with Pfizer's revenue coming in strong, but investors hesitated to buy the company due to the declining demand for COVID-19 products. Marriott's revenue beat expectations, and earnings per share came in at $2.09, which is significantly above the expected $1.84. Starbucks announced revenues of $8.7 billion, and domestic same-store sales were up 12%.

American Airlines STRIKE, JPM buys FRC, Job cuts ahead!// May 1st Recap

Tue, 02 May 2023 02:16:53 GMT

The S&P 500 closed slightly down due to concerns over the banking sector and energy demand in China. Amazon's stock fell while Nvidia's rose, as the market becomes more accepting of the role of AI in the future. JP Morgan purchased First Republic Bank for $10.6 billion, while IBM replaced 7,500 employees with AI. Morgan Stanley is preparing to eliminate around 3,000 jobs, and Magnus Billing, CEO of Sweden's largest pension fund provider, stepped down after large losses. The American Airlines pilot union has authorized a strike vote for better pay and working conditions.

Weekly recap and what you might have missed this week

Sat, 22 Apr 2023 01:36:28 GMT

In this recap, the S&P 500 closed slightly up, with the consumer discretionary sector performing well due to Amazon's stock increase. However, the materials sector struggled due to mining companies like Freeport Mcmoran and Albemarle reporting negative news. Other notable events include Lyft announcing a significant layoff, Google pausing construction on their San Jose campus, BlackRock's CEO selling shares, Wells Fargo updating their equity ratings, and a Federal Reserve Board member discussing inflation. Additionally, there were events such as Southwest grounding flights, Fox Corporation settling a defamation lawsuit, Disney and Meta planning layoffs, Western Alliance posting better-than-expected earnings, Taiwan buying American missiles, and Proctor and Gamble reporting strong earnings. Tune in for more updates and have a great night!

TESLA drops 10% and what you might have missed...

Fri, 21 Apr 2023 02:08:46 GMT

The S&P 500 fell by 0.6%, mainly due to a drop in the consumer discretionary sector. Lam Research, a semiconductor company, reported strong earnings and gained 7.25%, while Seagate Technologies suffered a loss due to weak demand. Tesla's shares dropped 9.7% after disappointing earnings, and AT&T's shares fell 10.4% due to missing market estimates. There were layoffs at Meta and Disney to cut costs, and a bill was proposed to raise the US debt limit.

Snapchat+ GROWS 50%, Abbott POPS 5%, and what you might of missed in the market// Econ Recaps

Thu, 20 Apr 2023 01:58:15 GMT

The S&P 500 didn't change much today, with most sectors closing down. Western Alliance bank's stocks went up 24% because they reported better earnings and higher deposits. Elevance and UnitedHealth stocks went down because they're having trouble collecting on Medicare claims. Snapchat+ has over 3 million subscribers, and Bed Bath & Beyond is preparing for bankruptcy. Mortgage applications are down, and Tesla's stocks fell because of lower profits. IBM missed revenue expectations, and Abbott had a great earnings call. Disney and Meta are both cutting jobs to save money.