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$UNH and banks all had solid earnings reports. That's bullish for stocks. I go in to detail on the episode and mainly in the newsletter with charts.
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NOTES
https://finviz.com/published_map.ashx?t=sec&st=d1&f=101323&i=sec_d1_081367116
So far all earnings reports have beaten
$unh beat
https://seekingalpha.com/news/4020319-unitedhealth-revises-eps-outlook-as-q3-beats-estimates
$wfc beat
$c beat
$blk beat
$jpm beat
Jamie Dimon points out that inflation could run higher and he thinks the Fed will push rates even higher than they are now to fight it. Remember he said the 10 year could go to 7%. Many I’ve read think 6% could be the top, but we haven’t reached 5% yet. I’m still in the belief if we get to 5%, the Fed will institute some other remedies. No gov’t wants the market to go down that much.
Banks that reported today are mostly up 1%-2% because they had no real issues around the banking crisis. They are faring REALLY well creating earnings.
Dividend Roundup: Procter & Gamble, Raytheon, Caterpillar, Colgate-Palmolive, and more
The mid day bond auction that happened yesterday was the catalyst down. The market was sucking except for tech and then the bond auction brought everything down
$ba expanding fuselage inspections
$dg - former ceo is now the new ceo and narrowed earnings outlook - up 8% - might be interesting if he can show a turnaround again
$ionq check in
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Social requests
$KO from Kevin on Spotify
Brian from Spotify - $orcl
Interesting article on $TSLA share price
A $1,000 investment in Tesla shares at their intraday high on Sept. 7, 2018 could have bought 55.90 shares based on a split adjusted price of $17.89. The $1,000 investment would be worth $14,763.75 today based on a price of $264.11 for Tesla at the time of writing.
Side podcast for the weekend - I listened to the first 5 min of this podcast about how Jack Welch had a heart attack and on his death bed he said he didn’t spend enough money.
https://spotify.link/BSxX40gvRDb
SCANS
$HUM
$VLO