$60 Billion! Apple (AAPL) had $59.69 billion in revenues last quarter. That’s up 10.9% while the rest of the economy was down 33%, and the market logic is that one company making money trumps an entire economy losing money. Of course it’s ridiculous but what can you do? The chart above illustrates just how bad our Q2 […]
No one can deny there has been a lot of crazy news lately. These kinds of developments often shock the markets. In particular, the ongoing pandemic has forced the government to increase spending at an alarming rate, a trend which typically adversely affects the U.S. dollar. Whenever the dollar takes a hit, people often look […]
The financial sector was the first one to garner the spotlight in this earnings season and we saw some big moves in each direction for some of the companies that reported. Some of the big banks issued positive surprises while a few reported negative surprises. For the financial sector as a whole, a great deal […]
Huntsman Corp. (HUN) is a chemical company based in The Woodlands, Texas. The company issued second-quarter earnings results on Tuesday and it beat on both the top and bottom line. Initially the stock gapped higher on the news, but then it made a complete reversal and closed down over 5% on the day. The reversal […]
Will the Fed save us — again? Looking at the chart on the right, clearly we are in need of saving. Those numbers are pretty up-to-date and we’re starting to re-close in certain places and several airlines and auto makers have announce massive job cuts that are not going to make things better. At least […]
Technology companies have seen their stocks jump sharply since the market bottomed in March. A number of members of the sector have reported earnings in the last few weeks and quite a few more will report in the next few weeks. One tech company set to report earnings is Cognizant Technology Solutions (CTSH) and it […]
More free money!!! The Senate Republicans are expected to vote on the CARES Act 2 (it’s a 5-act play) and this will be the beginning of two weeks of negotiations with the House, who already voted on a much more extensive measure to prop up the economy. The $600 weekly unemployment benefit will expire on […]
When you write a covered call you are allowing someone to buy shares you currently own at that specific price before the option contract expires. This is a great method for generating income into your account using stocks you already own. For the stock to get called away, the price needs to be at or […]
Bitcoin and other cryptocurrencies have long sought legitimacy in a world of fiat currencies. In the United States they just got a big boost. On July 22 the Office of the Comptroller of the Currency (OCC) announced that national banks and federal savings associations were authorized “to provide cryptocurrency services for customers.” To say this […]
The COVID pandemic has caused a myriad of problems other than just the health toll on its victims. It has slowed or reduced: economic activity because of closure orders travel with companies completely halting business trips business office rental income as more closures are enforced insurance companies premiums and may be forced to increase claim […]
