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Lam, Tesla and Meta Clear the Bar and Still Get Sold
Dear readers, Wednesday's open question got its answer overnight. Lam Research told investors that global spending on chipmaking equipment will...
Beat Estimates, Lose Ground: Guidance Now Drives Earnings Season
Dear readers, Of the S&P 500 companies that have reported so far, 86 percent have topped profit estimates. Yet General...
The AI Rally Needs Cheap Money, and Cheap Money Is Scarce
Dear readers, Yesterday's earnings preview sorted companies by whether they generate cash or consume it. Today's question is who can...
Most Stocks Rose While the Index Fell: Earnings Week Is the Test
Dear readers, The week's closing numbers settle the question we left open on Friday: this was a rotation, not a...
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Records on Narrow Shoulders as the 10-Year Yield Tops 5.3%
Dear readers, The S&P 500 closed above 7,800 for the first time on Tuesday, and the bond...
PepsiCo and Delta Put the US Consumer to the Test as Stocks Hit Records
Dear readers, Wall Street is at record levels, and the stocks that depend on household spending are...
Cash Flow Beats Backlog as Banks Brace for Earnings
Dear readers, Investors have a simple test for the fourth quarter: show me the cash. Microsoft passes...
Q4 Stock Picking: Where Scarcity Is Priced In, and Where It Isn’t
Dear readers, Friday's edition showed how selective spending has become, with Nike punished for its guidance and...