Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
 

  US Stock Markets Ended April 20, 2018
Posted Under: Weekly Market Commentary

 
U.S. stocks slipped in the final two days of trading but still notched gains for the week, buoyed by generally strong earnings results and energy shares. With earnings season ramping up, positive results across industrials, energy and financials led to increased investor confidence. Shares of General Electric Co. gained after the company reaffirmed fiscal-year guidance and signaled a decision is close on divesting its transportation division. Baker Hughes reported better-than-expected operating margins from an improving upstream market. The five largest U.S. banks finished reporting strong first-quarter results this week driven by robust trading revenue. Despite beating on both the top and bottom lines, Goldman Sachs Group, Inc. shares lost ground for the week, after the bank said it would not reduce share count next quarter. American Express Co. reported solid results as expenses for future charge-offs were lower- than-expected and core growth accelerated in loans and billed business. Shares of Netflix Inc. rose sharply after subscribers increased by 7.4 million for the quarter. By contrast, Apple Inc. fell sharply for the week after a number of analysts cut their projections for iPhone sales, adding to concern about the technology firm's main source of profit ahead of upcoming financial results next month. Looking ahead, earnings season will swing into full gear next week with Alphabet Inc., Microsoft Corp., Amazon.com, Inc., Facebook, Inc., Comcast Corp. and Caterpillar Inc. expected to announce results. In addition, first quarter gross domestic product will be released on Friday. With earnings season off to a strong start, continued momentum in profits could lead to improved market sentiment and lower volatility.
Posted on Monday, April 23, 2018 @ 8:29 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
US Economy and Credit Markets Ended April 20, 2018
A Snapshot Of European Equities
Stock Buybacks Are Expected To Rise Markedly Thanks To Tax Reform
US Stock Markets Ended April 13, 2018
US Economy and Credit Markets Ended April 13, 2018
A Snapshot of Growth vs. Value Investing
Sector Performance Via Market Capitalization (Year-to-Date)
US Stocks Ended April 6, 2018
US Economy and Credit Markets Ended April 6, 2018
Some Perspective On The Performance Of The S&P 500 Index
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2022 All rights reserved.