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 January 18, 2019
Posted Under: Weekly Market Commentary

 
Stocks continued to rise for a fourth week in a row as the S&P 500 returned 2.9% driven by Financials and Technology stocks. JP Morgan reported earnings on Tuesday that came in below expectations, but management showed increased investments in key customer growth segments. Netflix reported on Thursday in the face of a 50% return since it's Christmas Eve low. Revenue grew by 27% in the fourth quarter and the company announced a price increase of $1 to $2 a month in the U.S. Oil prices climbed over $53 a barrel, the highest price in five weeks. Strong factory number coupled with a path to a trade truce with China improved investor confidence in the global economy. Trade sensitive industrial stocks such as Deere and Caterpillar Inc rose on the Friday news. In Brexit news, the House of Commons voted 432 to 202 against the deal led by Prime Minister Theresa May. The vote was followed by a no confidence vote, which was narrowly defeated, keeping May in leadership. Fifty-nine companies are set to report earnings next week. Industry bellwethers Johnson & Johnson and Proctor & Gamble are set to report Tuesday and Wednesday respectively. Home sales, wholesale inventories, and durable goods are all on the economic calendar next week. Investors will look to these indicators as well as the long running government shutdown to navigate the market during the holiday shortened week.
Posted on Tuesday, January 22, 2019 @ 8:09 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
Weekly 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 January 18, 2019
A Snapshot of Growth vs. Value Investing
S&P 500 Index Earnings & Revenue Growth Rate Projections
US Stock Markets Ended January 11, 2019
US Economy and Credit Markets Ended January 11, 2019
Corporate Earnings Are Expected To Increase In 2019
A Snapshot Of How Stocks Have Performed So Far In This Millennium
2019 Market Outlook
US Stock Markets Ended January 4, 2019
US Economy and Credit Markets Ended January 4, 2019
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 advisors 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.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2019 All rights reserved.