earnings reports

Today’s news is a great example as to the market paying attention to the headlines it wants; something we often discuss. If stocks haven’t already been vulnerable, or in a healthy correction pattern, we may not be seeing such damage across the banking sector weighing on the market broadly.
Tesla, arguably, has been the barometer of irrational exuberance. The stock was pointing lower by 15% ahead of the bell today.
Despite unenthusiastic results from tech behemoth and cloud bellwether Microsoft, Tesla’s headline numbers are keeping the risk-environment buoyant.
Trader wisdom on trading opening gaps in stocks and S&P 500 futures. But the best trades are during the earnings season, it is common to see a 5% or 10% move before the opening, which can either throw off a trade or enhance it.
Earnings reports will spotlight next week
Americans nationwide are anxiously awaiting the results of tomorrow’s presidential elections, and it follows that the markets are too. The markets likely will “tread water” and maintain their sideways pattern until after the results are in.
Third-quarter earnings have been relatively disappointing with more than half the companies in the S&P 500 reporting so far. Andrew Wilkinson, chief economist strategist at Miller Tabak & Co., identifies some of the biggest surprises—both positive and negative—to emerge from this week’s flurry of reports.
After markets slumped Friday, some major upcoming earnings reports could either “shift the sentiment higher or add fuel to the fire on the downside...