The Morning Call
2/23/21
The
Market
Technical
Monday in the
charts.
https://www.zerohedge.com/markets/big-tech-bitcoin-buck-battered-commodities-soar
Fundamental
Headlines
The
Economy
US
Month to date
retail chain store sales fell slightly less than in the prior week.
The December Case
Shiller home price index was up 0.8% versus +1.1% reported in November.
The February
Dallas Fed manufacturing index came in at 17.2 versus 7.0 reported in December.
https://www.advisorperspectives.com/dshort/updates/2021/02/22/february-dallas-fed-manufacturing
International
December UK
unemployment was 5.1%, in line.
January EU CPI was
+0.2%, in line.
Other
Update on seven high frequency indicators.
https://www.calculatedriskblog.com/2021/02/seven-high-frequency-indicators-for_22.html
For the optimists.
https://www.nytimes.com/2021/02/21/business/economy/pandemic-economic-boom.html
Yellen sets stage
for higher corporate taxes, yield curve control and a digital dollar.
Inflation
Investor
inflation fears are rising.
Inflation here, there and everywhere.
https://www.knowledgeleaderscapital.com/2021/02/19/inflation-here-there-and-everywhere/
What is inflation exactly?
Bottom
line. Pay attention to the first two articles
below. They address the growing level of
speculation in the Market. Most bull
markets end when investor greed becomes a dominant driver of securities
prices. Both authors are suggesting that
the equities markets have reached that stage.
That doesn’t mean the feeding frenzy can’t go on; and as long as the Fed
keeps pumping and government spending keeps jumping, it seems likely that it
will. But their warnings are there. Be mindful of the exogenous event.
Beware the mania.
https://thereformedbroker.com/2021/02/22/substack-vertigo/
The frenzy of speculative excess.
https://www.zerohedge.com/markets/frenzy-speculative-excess
A ‘V’ shaped recovery in earnings.
http://blog.yardeni.com/2021/02/s-500-earnings-v-shaped-recovery.html
Rising rates do not necessarily spell doom
for the stock market.
https://awealthofcommonsense.com/2021/02/how-does-the-stock-market-perform-when-interest-rates-rise/
News on Stocks in Our Portfolios
Medtronic (NYSE:MDT):
Q3 Non-GAAP EPS of $1.29 beats by $0.14; GAAP EPS of $0.94 beats
by $0.22.
Revenue
of $7.8B (+1.0% Y/Y) beats by $30M.
Bank of Nova Scotia (NYSE:BNS): Q1 Non-GAAP EPS of C$1.88 beats by C$0.32; GAAP EPS
of C$1.86 beats by C$0.30.
Revenue
of C$8.07B (-0.9% Y/Y) beats by C$490M.
Bank
of Nova Scotia (NYSE:BNS) declares
CAD 0.90/share quarterly dividend, in line with previous.
Home Depot (NYSE:HD): Q4 GAAP EPS of $2.65 beats by $0.03.
Revenue
of $32.26B (+25.1% Y/Y) beats by $1.69B.
Home Depot (NYSE:HD) declares $1.65/share
quarterly dividend, 10% increase from prior dividend of $1.50.
What
I am reading today
Life is too precious to
be lived mechanically.
http://traderfeed.blogspot.com/2021/02/how-we-tranceform-mindscape.html
Visit Investing
for Survival’s website (http://investingforsurvival.com/home)
to learn more about our Investment Strategy, Prices Disciplines and Subscriber
Service.
No comments:
Post a Comment