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Kim Parlee recaps the biggest news of the day including the latest COVID-19 developments, followed by a conversation with David Sykes, Head of public equities, TD Asset Manage ment on earnings outlook and the extent of the coronavirus outbreak’s hit to corporate profits. ...
There had been hope that the coronavirus-triggered recession that's now roiling the US economy wouldn't show up in the data until the second quarter. But recent updates for March have smashed that idea, and so, next week's initial estimate of Q1 GDP is on track to post a loss, based on sever...
After see-sawing during much of the trading week, the S&P 500 rose to close the volatile week at 2,874.56 . That is 511.59 points lower than the record high closing value the S&P 500 hit back on 19 February 2020, just before the spreading coronavirus pandemic sent stock prices crashin...
Dividend announcements were slow last week. They will speed up in late April through May. Here are the most recent overall dividend data. Dividend Actions by S&P 500 Companies March-April 17, 2020 The number of companies increasing their dividends since March 1 grew to 96, with...
It's easy to go off on a tangent when analyzing S&P 500 earnings data, so here is a quick summary of this blog's conclusions: 1.) Look at various periods (i.e., annual and quarterly estimates) over various time frames, i.e., this current quarter, the next quarter and the next calenda...
Stocks added to the gains of the prior week, bringing the two-week move to +16.6% in the S&P 500. As the economic data gets worse, traders get more aggressive in buying stocks. We are hearing lots of commentary about how serious the COVID-19 economic slowdown will be. The IMF’s econ...
One metric being watched closely the last six weeks is the progression in Q2 '20 revenue expectations. No surprise to readers the Q2 '20 expected revenue growth has been revised lower the last few months. S&P 500 revenue grew 5.8% in Q4 '19. S&P 500 Q1 '20 revenue as of 4/17/20...
The economic calendar is light and provides little post-COVID-19 data. Continuing jobless claims takes on a new importance, and we may get some useful information from the components of the University of Michigan sentiment survey. 96 companies in the S&P 500 will report earnings. The depth...
This whole process that the sell-side goes through each week to arrive at bottom-up and top-down estimates for the S&P 500 and then the expected growth rates by sector has been blown to bits by the COVID-19 scare and the shelter-in-place. That being said, like driving a car through bruta...
By Jill Mislinski April 17 morning's release of the publicly available data from ECRI puts the WLI at 111.3, up 4.5 from the previous week. The WLIg is at -42.55, down 6.05 from last week and its lowest level in its history. The ECRI Indicator Year-over-Year Below is a chart of ECRI's ...
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NEW YORK , Aug. 28, 2020 /PRNewswire/ -- Direxion continually reviews its product range to ensure it's meeting the needs of our clients. Based upon a recent review, the Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close 15 ETFs (each, a "Fund" and c...