Market Overview - The S\&P 500 and NASDAQ are at record highs, presenting a complex backdrop for the upcoming earning season [1] - Market sentiment has shifted from deeply negative to positive, with potential for further gains [2][3] - The S\&P 500 is trading at approximately 223 times forward earnings, near a 10-year high, while yield bond spreads are at 268 basis points, close to a 10-year tight [4] Economic Factors - The economy is in decent shape, supported by positive labor market data and low corporate defaults [3] - Disinflation, particularly from the housing market, is a significant factor [9] - Shelter represents about 23% of CPI readings, making it a crucial element [10] Housing Market Dynamics - The housing market is experiencing significant changes, with the largest supply since 2020 and slowing demand due to unaffordability and insurance costs [10] - Real-time measures of housing may lead to the Federal Reserve achieving its inflation target and resuming rate cuts [11] Bond Market Analysis - The market sees value in bonds at elevated rates, suggesting they are currently mispriced [8][11] - Disinflation from housing is considered more important than potential deficit increases in influencing bond market volatility [11] Earning Season Focus - The focus is shifting towards the earning season, with hopes that markets can move past political developments and concentrate on profits and earnings [6]

Our next guest says two acronyms, Momo and FOMO, are the best way to describe the current environment. Momo and FOMO. Joining us now for more on Momo and FOMO is Steve Sausnik, the chief strategist at Interactive Brokers.I'm laughing a little bit because I I kind of know I know FOMO. Momo, I want to how you I want to know how you reconcile the two of those together. Well, they go perfectly together, Don.First of all, it's great to see you both. M Momo being momentum and and it's quite clear that momentum is ...

The S&P 500 Index is on the cusp of a record high but with earnings season just weeks away, the foundation of the rally is about to get a major test https://t.co/HrOvWNSKH0 ...

Trade and Market Impact - Trade tensions are affecting market performance, with President Trump accusing China of violating tariff agreements and announcing a doubling of steel tariffs from 25% to 50% [1] - Cleveland-Cliffs (CLF) has seen a significant increase of +24% in stock price due to these developments [2] - Major indexes such as the Dow, Nasdaq, S&P 500, and Russell 2000 are experiencing declines, with the S&P 500 down -20 points [2] Labor Market Insights - The upcoming Jobs Week includes key reports such as Job Openings and Labor Turnover Survey (JOLTS), ADP private-sector payrolls, Weekly Jobless Claims, and the U.S. Employment Report [3][4] - Expectations for job gains are set at +112K for ADP and +125K for BLS, with potential narratives of labor market loosening if these figures show weakness [4] - The U.S. labor force has been underestimated, with a current unemployment rate expected to remain low at 4.2% despite recent increases [6] Company Earnings Reports - Campbell's Company (CPB) reported fiscal Q3 earnings of 73 cents per share, exceeding expectations by +12% but slightly below the previous year's quarter [7][8] - Revenues for Campbell's reached $2.48 billion, surpassing expectations by +1.55% and showing growth from $2.37 billion year-over-year [8] Economic Indicators - The S&P Manufacturing PMI is expected to remain above the key 50-level at +52.3, while ISM Manufacturing is projected to decrease to +48.5% [9] - Construction Spending for April is anticipated to show a positive change of +0.2% after a -0.5% decline in March [10]

The 2025 Q1 earnings season is slowly winding down, with the majority of S&P 500 companies already delivering their results. The period has overall been positive, though commentary surrounding upcoming periods has largely dictated post-earnings moves amid elevated uncertainty stemming from tariff talks.Still, several companies – Netflix (NFLX) , Eaton (ETN) , and Centene (CNC) – knocked it out of the park, posting robust results that had shareholders pleased. Let’s take a closer look at each release for tho ...

Getty Images Target reported disappointing earnings on lower transactions (Photo by Mario Tama/Getty Images) Key Takeaways Stocks ended a six-day win streak on Tuesday. The S&P 500 and Nasdaq Composite both fell by 0.4%. The Dow Jones Industrial Average lost 0.3% and the Russell 2000 was unchanged. Although volumes were light, we are getting some interesting earnings reports in the retail sector. On Tuesday, Home Depot reported earnings that missed expectations, sending the stock down 0.5% for the day. This ...

Group 1 - Earnings season is a critical period where companies disclose their financial performance, impacting market participants significantly [1][2] - Earnings reports provide essential updates on revenues, expenses, and profits, exemplified by Palantir's revenue growth guidance upgrade leading to a 35% YoY revenue growth forecast [3][4] - Companies like Netflix experienced substantial share price increases post-earnings due to positive surprises in subscriber metrics and earnings per share (EPS) growth of 25% [5][6] Group 2 - Earnings season highlights current economic trends; for instance, poor performance from retail companies may indicate a slowing economy, while strong earnings suggest consumer health [10] - Newmont, a major gold producer, reported record free cash flow of $1.6 billion and an average gold price of $2,643 per ounce, reflecting favorable market conditions [11][12] - Analysts have raised EPS expectations across various sectors due to positive operating environments, indicating potential investment opportunities [12]

Core Viewpoint - Take-Two Interactive Software reported mixed fiscal fourth-quarter results, leading to a decline in share price despite some positive analyst ratings and guidance for future performance [1][2]. Financial Performance - The company declared net bookings of $1.582 billion, exceeding consensus estimates of $1.550 billion and reaching the high end of its guidance [2]. - Recurrent consumer spending grew by 14% year-on-year, contributing 77% of total net bookings [7]. - NBA 2K25 sold nearly 10 million units, reflecting a 7% year-on-year increase [6]. Analyst Ratings and Guidance - Wedbush analyst Michael Pachter maintained an Outperform rating and raised the price target from $253 to $269, noting the solid performance across various segments [2]. - Raymond James analyst Andrew Marok reiterated an Outperform rating and increased the price target from $240 to $250, highlighting strong results and positive fan reception for major titles [4]. - Benchmark analyst Mike Hickey reaffirmed a Buy rating with a price target of $250, citing broad-based performance across core franchises and mobile [6]. Future Outlook - Management guided for net bookings of $5.9 billion to $6 billion and earnings of $2.45 to $2.70 per share for fiscal 2026, which was below expectations due to the delay of Grand Theft Auto VI's launch to May 26, 2026 [3]. - Fiscal 2026 is expected to have a solid release slate, with positive responses to major titles like Mafia and Borderlands 4, which should support bookings momentum [5].

Group 1 - The earnings season is characterized by significant volatility in stock prices, with rapid movements occurring within minutes, particularly around market hours [1] - Options traders benefit from the unpredictable nature of the market during this period, while speculators may experience substantial gains [1] Group 2 - There is an emphasis on creating a portfolio that generates income without the need for selling assets, which can alleviate financial stress for retirement planning [3] - The Income Method promoted by the company aims to deliver strong returns, targeting a yield of 9-10% [3] - A month-long paid trial is being offered at $49, with an additional 5% discount, to attract new investors to the Model Portfolio [3]

Earnings Performance - Southern Company reported first-quarter 2025 earnings per share (EPS) of $1.23, exceeding the Zacks Consensus Estimate of $1.20 and the adjusted profit of $1.03 from the previous year [1] - The utility's revenues reached $7.8 billion, a 17% increase compared to first-quarter 2024 sales, and surpassed the Zacks Consensus Estimate of $7 billion [2] Sales and Demand - Southern Company's wholesale power sales increased by 6.8%, with overall electricity sales rising by 4.2% year-over-year [3] - Total retail sales grew by 3.4%, with residential, commercial, and industrial sales increasing by 6.4%, 3.3%, and 0.5%, respectively [3] Expense Overview - Operations and maintenance (O&M) costs rose by 10% year-over-year to $1.6 billion, while total operating expenses increased by 16.6% to $5.8 billion, exceeding estimates [4] Future Guidance - Southern Company guided EPS for the year between $4.20 and $4.30, with a projection of 85 cents for the June quarter [2] - The management maintained a long-term EPS growth rate projection of 5-7% based on the 2024 adjusted EPS projection [2]