- (727) 306-0299
Tag: Corporate Earnings
Unify Financial Advisors Weekly Market Update
U.S. equities extended their rally last week, with the S&P 500 gaining 1.92% to close at 6,791.69, reaching a new record high. Investor sentiment improved as the third-quarter earnings season began on a strong note, particularly among major banks, while softer-than-expected September inflation data fueled optimism for a potential Federal Reserve rate cut at this week’s meeting.
On the economic front, existing-home ...
Read more...
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 ...
Read more...
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, ...
Read more...