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Tag: Corporate Earnings

Weekly Market Update – 1.29.2024

Last week, Netflix reported better-than-expected revenue and added 13.1 million users in the fourth quarter of 2023, surpassing expectations by over 50%. Their initiative to crack down on password sharing helped drive user growth. Conversely, Tesla’s earnings report disappointed investors, leading to a 12% drop in its stock value on Thursday. The advance estimate of the fourth quarter 2023 Real Gross Domestic Product (GDP) showed a 3.3% annualized increase. Notably, the Real US ...
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Weekly Market Update – 11.13.2023

Last week, upbeat corporate earnings and a decrease in jobless claims helped the S&P 500 gain 1.35%, contributing to a two-week cumulative gain of 7.23%. Impressively, this two-week gain represents 43% of the S&P 500’s total annual gain of 16.60%, underscoring the challenge of market timing. Instead, successful long-term investing requires a planned and disciplined approach. This week, attention returns to inflation. The Consumer Price Index (CPI) for October reports tomorrow, ...
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