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Its that time again. Earnings season starts up next week.

  
Analysis, US Market

Banks traditionally get the ball rolling

Believe it or not, the earnings season is starting up next week. It seems like only yesterday. The fact is, the bulk of earnings are spread out over a month or so and then you have other key releases that are outside of that window.  Nevertheless, it does not seem long ago that the markets were concerned about what banks, tech, big industry earnings might be.
So what are some of the major releases next week (and going forward – Subject to change)?
* denotes before the market open
Monday…nothing
Tuesday, April 13
  • Charles Schwab Corp*
Wednesday, April 14
  • JP Morgan*
  • Wells Fargo*
  • Goldman Sachs*
  • First Republic Bank*
  • Bed Bath and Beyond*
Thursday, April 15
  • Alcoa,
  • Delta Air Lines*
  • Rite Aid Corp*
  • Bank of America*
  • BlackRock*
  • JB Hunt Transport Services
  • US Bancorp*
  • Citigroup*
  • UnitedHealth Group*
  • PPG Industries
  • PepsiCo*
Friday, April 16
  • Bank of NY Mellon*
  • State Street Corp*
  • PNC Financial Services Group*
  • Morgan Stanley*
A look ahead to the week starting April 19 (subject to change)
Monday, April 19
  • United Airlines
  • IBM
  • Coca Cola*
  • Emerson Electric*
  • Zion Bancorporation
Tuesday, April 20
  • Abbott Laboratories*
  • Biogen Inc*
  • Interactive Brokers Group
  • Lockheed Martin*
  • Northern Trust*
  • Travelers*
  • P&G*
  • Comerica*
  • CSX
  • intuitive Surgical
  • Kinder Morgan
  • Netflix
  • Phillip Morris*
  • J&J*
Wednesday, April 21
  • Bakers Hughes
  • Whirlpool
  • Haliburton*
  • Verizon Communications
  • Chipotle Mexican Grill
Thursday, April 22
  • American Airlines*
  • Southwest Airlines*
  • AT&T*
  • Blackstone Group*
  • Intel
  • Dow*
  • DR Horton*
  • Freeport McMoRan*
Friday, April 23
  • American Express,*
  • Kimberly Clark*
  • Schlumberger
What about some of the big cap growth stocks (subject to change)
  • Alphabet, April 26
  • AMD, April 26
  • Starbuck, April 27
  • Microsoft, April 27
  • Tesla, April 27
  • Amazon, April 28
  • Apple, April 28
  • Boeing, April 28
  • eBay, April 28
  • Facebook, April 28
  • Shopify, April 28
  • Spotify, April 28
  • Twitter, April 29
  • PayPal, May 4
  • Uber, May 5 Walt Disney, May 13

S&P and Dow close at record levels again

  
Analysis, US Market
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Nasdaq 1.9% from the all time high

The major indices are all closing higher and near highs for the day/week. The S&P and Dow industrial average both closed at record highs. The NASDAQ index is just under 2% away from the all time high.
The major indices also closed higher for the week with the NASDAQ index leading the charge at up 3.12%.
The final numbers are showing:
  • S&P index +31.58 points or 0.77% at 4128.75. The high reached 4129.48 which is the all time high for the pair.
  • Nasdaq +70.878 points or 0.51% at 13900.18. The all-time high price is at 14175.12. The index is 275 points from the all time high putting the index about 1.9% from the all time high
  • Dow rose 298.68 points or 0.89% at 33801.25. That was just off the high for the week at 33810.87 (which is also the all time high).
For the week, the Nasdaq led. The Dow lagged but was still higher. The Russell 2000 index of small cap stocks fell -0.56%.  The Nasdaq was up 3.12%.
Helping in the US was lower /steady rates despite the rise in rates today. Below are the changes for the week.  The largest decline was in the 5 year sector with a decline of 11.59 basis points. The 10 year is down -6.49 basis points (rates are up about 4 bps today).  Next week the US treasury will be auctioning of reopened 3, 10 and 30 year issues.

Major indices close higher. New record for the S&P.

  
Analysis, US Market

Major indices close near highs for the day

The major indices closed the day near record highs. The S&P is closing at a new record level. The Dow is closing about 24 points from its all time high at 33527.19.  The Nasdaq is still 1.89% from its all time high close at 14095.47 (the all time high is 14175.12).
A look at the final numbers are showing:
  • S&P index, up 17.22 points or 0.42% at 4097.17. The new all-time high comes in at 4098.19
  • NASDAQ index up 140.46 points or 1.03% at 13829.30. The high price reached 13830.14. The index is 265.33 points away from the high close.
  • Dow rose 57.31 points or 0.17% at 33503.57. The index is just 23.62 points from the all time high close.  The all time high price reached 33617.95 (114.38 points higher).
Yields were down again today which helped the Nasdaq type stocks. The small cap stocks also closed higher on the day after sharp declines yesterday.
  • Russell 2000 index is up 19.53 points or 0.88% at 2242.58
US major indices close sharply higher

Major averages close near unchanged levels

  
Analysis, US Market
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The S&P index did close at a new record high

The major indices are closing their unchanged levels give or take. The broader S&P index traded to a high of 4083.16. That was just short of the all-time high reached yesterday at 4086.23 (but it did close at a new record high).
  • The NASDAQ index is down for the second consecutive day but with only modest declines over each day (the NASDAQ fell -0.05% yesterday and declined -0.07% today)
  • The volatility index (VIX) trades at the lowest level since February 2020. The low reached 16.87% today
  • S&P is up for the fourth of five sessions but only marginally today. The S&P fell -0.10% yesterday.
  • The S&P index did close at a new all-time record high at 4079.95. That took out the high close from Monday at 4077.91.
  • Dow closes higher for the third day in the last four
A look at the final numbers shows;
  • S&P index rose 5.79 points or 0.14% at 4079.73. The high reached 4083.13. The low extended to 4006 8.31
  • NASDAQ index fell -9.536 points or -0.07% at 13688.84. The high reached 13733.03. The low extended to 13653.58
  • Dow rose 15.96 points or 0.05% at 33446.20 . The high reached 33521.76. The low extended to 33347.96
Large cap growth stocks all rose with percentage gains above the averages today:
  • Square, +3.6%
  • Facebook, +2.23%
  • Amazon, +1.72%
  • alphabetic, +1.35%
  • Apple, +1.34%
  • Intel, +1.05%
  • PayPal, +0.95%
  • Microsoft, +0.82%
  • Netflix, +0.45%
The Russell 2000 index of small-cap stocks did not fare well today. That index fell -37.12 points or -1.64% at 2222.05.
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