US stock futures added to losses early on Monday amid concerns over Federal Reserve independence after Chair Jerome Powell said the Trump administration has threatened him with a criminal indictment. Dow Jones Industrial Average futures (YM=F) fell 0.6%, while those on the S&P 500 (ES=F) sank roughly 0.8%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led the way lower, tumbling 1.1% on the heels of record closing highs for Wall Street stocks. Investors were rattled late Sunday after Powell released a s ...

US stock futures sank early on Monday after Federal Reserve Chair Jerome Powell said the Trump administration has threatened him with a criminal indictment, reigniting concerns over the central bank's independence. Dow Jones Industrial Average futures (YM=F) fell 0.5%, while those on the S&P 500 (ES=F) moved down 0.5%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led the way lower, down 0.8% on the heels of record closing highs for Wall Street stocks. Investors were rattled late Sunday evening after Fe ...

The major banks will kick off fourth-quarter earnings season this week, and the economic data highlight of the week will be the consumer price index for December. ...

Core Viewpoint - U.S. stock futures experienced a decline on Sunday, following record highs for the Dow and S&P 500 on Friday [1] Group 1 - The earnings season is about to commence, which typically influences market performance [1] - The Dow and S&P 500 indices closed at record highs on the previous Friday, indicating strong market performance leading into earnings announcements [1]

Core Insights - JPMorgan's earnings report is considered a significant indicator for the earnings season, impacting both its own stock and similar banks in the industry [1] Group 1: Company Overview - JPMorgan is viewed as a bellwether for the banking sector, with its earnings report serving as a benchmark for other financial institutions [1] Group 2: Investment Philosophy - The focus is on long-term investment strategies in U.S. and European equities, emphasizing undervalued growth stocks and high-quality dividend growers [1] - Sustained profitability, characterized by strong margins, stable and expanding free cash flow, and high returns on invested capital, is highlighted as a more reliable driver of returns than valuation alone [1] Group 3: Personal Investment Approach - The investment approach aims to balance asset management to ensure financial freedom while maintaining a commitment to work that allows for personal expression [1]

US big banks are set to kick off earnings season next week, and experts are bracing for solid results. According to Ken Leon, a senior CFRA analyst, the outlook for these banking giants is "very posit... ...

Core Viewpoint - AAR Corp. is experiencing a positive shift in analyst sentiment, reflected in the increasing consensus price target, driven by strong financial performance and favorable market conditions in the aviation and defense sectors [2][3][6] Financial Performance - AAR's consensus price target has risen from $91.2 to $100, indicating growing analyst confidence in the company's future performance [2][6] - The company is expected to report robust earnings or revenue growth, which has prompted analysts to adjust their targets upward [3][6] Analyst Outlook - KeyBanc analyst Michael Leshock has set a more conservative price target of $83, suggesting caution ahead of the earnings season despite the overall positive trend [2][6] Strategic Initiatives - New contracts or partnerships may contribute to the positive sentiment surrounding AAR, potentially driving future growth and enhancing market position [4][6] Market Conditions - Favorable market conditions in the aviation and defense sectors are playing a role in the optimistic outlook for AAR, with significant reports expected in early January [5][6]

That is the focus of the morning trade. Joining us now is uh Marley Kaden for a closer look at this name. So just as we look ahead to this report card this afternoon, Marley, which no doubt you and I will be breaking on on MOC.What are the expectations for this company for this quarterly report. Well, Sam, you mentioned that they had a very strong quarter in the last quarter. Also in the same quarter last year, they had a strong performance as well.For this quarter, we are expecting a little bit of a squeez ...

Investor Sentiment & Market Outlook - Investor sentiment regarding the sustainability of the AI trade experienced a significant boost in recent months, followed by a period of rethinking in the last four weeks [2] - Investor positioning indicators, including systematic positioning for CTAs, risk parity, volatility target strategies, and momentum signals, have decreased from above the 95th percentile to the 50th percentile, indicating reduced warning signals [5] - The market's catalyst for recovery in the next two to three months is earnings, not necessarily the Federal Reserve's December decision [8] Earnings & Sector Performance - Concerns around OpenAI overshadowed Nvidia's earnings, despite the company beating expectations and providing better guidance [9] - The earnings beat trade for the third quarter was the strongest since 2021, indicating a generally positive earnings season [10] - Consensus expectations for fourth-quarter sequential earnings growth for the S&P are down 1%, and excluding tech, net income expectations are down 8% [11] - Eight out of eleven sectors are expected to report a sequential decline in earnings, creating a potentially bearish setup [12] - Small and mid-cap companies in the United States experienced a relatively strong earnings season, offering potential fuel for the market beyond big cap tech stocks [14] - Broadening has been happening in the market, with industrials, healthcare, financials, and even energy sectors up 6% to 14% year-to-date [16][17] Potential Risks & Concerns - A major concern is when CapEx starts to decline, leading to worries about higher tech debt [1] - There are concerns that the open air universe might only benefit Google, potentially threatening the broader Nvidia and hyperscale trades [4] - Investors may have excessively cut risk or taken up hedges in November, potentially missing out on a market melt-up driven by earnings [12][13]

Core Insights - Investors will have a break next week due to the market closure on November 27 for Thanksgiving, allowing time for assessment and reflection after a challenging week for Wall Street [2] - Despite the end of the U.S. government shutdown, some key economic reports are still being canceled due to insufficient survey data, impacting market expectations [3] Earnings Reports - Several companies are scheduled to report earnings next week, including Alibaba Group (BABA), Dell (DELL), Deere & Company (DE), Analog Devices (ADI), Best Buy (BBY), HP (HPQ), and DICK'S Sporting Goods (DKS) [4] - Specific earnings highlights include: - Monday: Agilent Technologies (A), Zoom Communications (ZM), Symbotic (SYM) [5] - Tuesday: Alibaba, Analog Devices (ADI), Dell Technologies, Best Buy (BBY), Autodesk (ADSK), Workday (WDAY), Zscaler (ZS), HP (HPQ), DICK'S Sporting Goods, J.M. Smucker (SJM), and NIO (NIO) [5] - Wednesday: Deere, Li Auto (LI) [5] - Thursday: Intuitive Machines (LUNR) [6] - Friday: Frontline Plc (FRO), Buckle, Inc. (BKE) [6]