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Showing posts from April, 2020

Monday Futures Point To The Up Side...

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https://www.quora.com/profile/Erica-Villalon-3 U.S. stock index futures rose on Monday as more states looked set to lift coronavirus-induced curbs, and investors awaited earnings reports from marquee companies including Apple and Microsoft due this week.   A late session rally for tech majors had helped Wall Street end higher on Friday, with sentiment also getting a boost as Georgia became the first state to ease restrictions despite disapproval from President Donald Trump and health experts. Although trillions of dollars in stimulus have helped the S&P 500 recover nearly 30% from March lows, with the economic damage only growing, analysts say more gains may be limited unless there is progress on treatments for the disease. White House economic adviser Kevin Hassett told reporters on Sunday the U.S. jobless rate would likely hit 16% or more in April. Against that, many more U.S. states were looking to reopen businesses. Boeing Co (N: BA ) gained 1.6% in p

Futures Sink This AM..

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Futures Continue to sink on sharp reversal .. https://ericavillalondotcom.wordpress.com/2020/04/15/futures-sink-at-market-open/

US Futures Point To Higher Open, Despite Earnings...

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http://www.authorstream.com/ericavillalon/ 8:44 AM ET: Johnson & Johnson (NYSE: JNJ ) stock rose 2.9% after the pharma giant raised its dividend by over 6% on the back of quarterly earnings that beat expectations. That softened the blow of a downgrade to this year’s earnings expectations. The company now sees an EPS range of $7.50 to $7.90, compared with its prior estimate of $8.95 to $9.10. That’s an implicit cut of some 14%. JPMorgan (NYSE: JPM ) stock rose 3.2% after the bank booked $6.8 billion in provisions against loan losses and nearly $2 billion more in other impairments in response to the pandemic. CEO Jamie Dimon also warned that provisions could rise meaningfully in the coming quarters. Loan demand also fell, as did investment banking revenue, but income from bond and equity trading rose on the back of higher market volatility, while its asset management arms also grew 7%.  The Common Equity Tier 1 ratio, a benchmark of financial strength, fell to 11.5%. W

US futures Market Opens down,... sideways for the day...

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https://mix.com/!VHUSGp1G:erica-villalon-explains%3A-do%E2%80%99s-and-don%E2%80%99ts-of-project-management The Dow resumed its move toward session lows on Monday as investors weighed the latest efforts to combat the coronavirus pandemic against hopes the economy could reopen sooner rather than later. The Dow Jones Industrial Average slumped 2.2%, the S&P 500 lost 2%, while the Nasdaq Composite slumped 0.8%. Stoking hopes that some parts of U.S. under lockdown may soon snap back into operation, President Donald Trump said in a tweet Monday that the decision to restart the economy would be made "shortly". The tweet came as U.S. deaths from the coronavirus pandemic topped 20,000, surpassing that of Italy, which had been the epicenter of the global outbreak. But in New York state there were growing signs that lockdown measures, including social distance, are flattening the curve of infections. Daily Thoughts @  https://ericavillalontrading.wordpr

Markets continue to Climb...

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https://ericavillalon.com/2020/04/08/markets-continue-to-climb/

Futures Are on a 3 day High Streak...

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US Futures Point Higher Again at the Open.... http://ericavillalontrading.blogspot.com/ U.S. stocks are set to push higher at the open Tuesday, continuing Monday’s strong gains, on tentative signs the spread of coronavirus is slowing as well as talk of more funds to support the battered economy. At 7:00 AM ET (1100 GMT), futures for the S&P 500 traded 89 points, or 3.4%, higher, futures for the Nasdaq up 251 points, or 3.1%. The Dow futures contract rose 817 points, or 3.6%.  Wall Street closed firmly higher Monday, with all three major cash indices up over 7%, the best session out of the last nine. The number of Covid-19 cases in the U.S. have continued to rise, with Johns Hopkins University Tuesday registering over 368,000 cases, and nearly 11,000 deaths. However, there has been some positive news out of New York, the epicentre of the U.S. outbreak, as Governor Andrew Cuomo said late Monday the virus-related fatality rate was effectively flat for two
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US Futures Point Higher.... Ahead of Jobless Claims https://ericavillalon.com/2020/04/02/us-futures-point-higher-crude-gains/