Category: Market Updates

UPS Earnings Rise as It Ships Fewer Amazon Packages

Atlanta-based carrier raises target for share buybacks to $3 billion this year UPS’s revenue per piece shipped grew nearly 12% year over year.PHOTO: SPENCER PLATT/GETTY IMAGES   UPS 3.53%▲United Parcel Service Inc. said higher fuel surcharges and shipping rates helped offset a larger-than-expected decline in packages shipped in the second quarter. Average daily shipping volume fell 4% in […]

Apple iPhone Sales Remain Resilient as Company Reports 11% Decline in Profit

Apple iPhone Sales Remain Resilient as Company Reports 11% Decline in Profit Chief Executive Tim Cook says there isn’t ‘obvious evidence’ that macroeconomic factors are affecting smartphone sales Apple Inc. AAPL 0.36%▲ reported an almost 11% decline in profit after weathering supply constraints and shutdowns in China, although iPhone sales continued to grow, remaining resilient despite economic challenges. The […]

Microsoft Stock Is Gaining Because Cloud Strength Trumps an Earnings Miss

Microsoft’s revenue grew 12% in the June quarter from a year earlier. Microsoft MSFT –2.68%  stock moved higher after the software giant posted results slightly below estimates but showed continued strong demand for the company’s cloud-computing business. The company also said it expects double-digit revenue and profit growth for its June 2023 fiscal year. Slowing PC demand […]

JPMorgan Halts Share Buybacks as Earnings Miss Estimates

JPMorgan Halts Share Buybacks as Earnings Miss Estimates Bank adds $428 million to reserves for potentially bad loans Dimon says firm preparing for ‘range of economic environments’ JPMorgan Chase & Co. temporarily suspended share buybacks and reported second-quarter results that fell short of analysts’ estimates, driving the stock as much as 5.1% lower.  The buyback pause […]

The Federal Funds Rate

With the second FOMC meeting of 2022 in the books. Now is a good time to take a deeper look at what the Federal funds rate is and how it correlates to everyday life. As of March 16th, 2022 the Federal Reserve raised interest rates for the first time since 2018. This move was to […]

Federal Reserve FOMC Recap, March 2022

Today was the first Federal Reserve meeting since the rate increases were announced for 2022. Jerome Powell has said previously the Fed would evaluate all options available to them to combat inflation concerns. This included the Fed would halt their asset purchase program at a future undecided date. The main focus today was the anticipated […]

Falling Wedge Pattern

What is the Falling Wedge Patten? A falling wedge pattern is a chart pattern that signals future bullish movement in price. Depending on what the previous trend was, this chart could either be considered a continuation pattern or a reversal pattern. The pattern is formed by two downward sloping, converging trendlines. See the below picture […]

Chip Shortage Impacting Ford’s Present and Potential Future

Legacy automakers have been struggling to keep up with production due to ongoing supply issues, mainly their reliance on certain semiconductor chips that continue to be in high demand but low supply. While in contrast, certain companies like Tesla have worked their way around the shortage, producing and delivering cars at a record pace for […]

Interest Rate Decision and Company Earnings

January 26th,  2022   $SPX After very aggressive moves from the upside to the downside last week and earlier this week, SPX and SPY are both consolidating.  We are currently forming a Doji on the weekly candle. As we go into the second half of the week, be on the lookout to see whether we […]

UPST Upstart Analysis, February 2022

January 26th,  2022 $UPST Upstart Not really sure why, but I am absolutely loving this chart and this chart setup. I see a few things here and I will explain them in detail in this post. Summary:  Upstart is currently profitable and is experiencing triple-digit revenue and earnings growth. Upstart’s business model could have huge […]

Fed ready to tackle inflation with interest rate hike in March

Chair Jerome H. Powell said Fed officials believe the economy is strong the labor market is close to full employment and it’s time to tackle inflation.   Well, the first FOMC meeting is officially in the books, Chairman Jerome Powell held the much-anticipated conference at 2 pm today and answered questions from reporters shortly after. […]