Posted on 01/24/2018 8:00:51 AM PST by Enlightened1
The Dow, S&P 500 and Nasdaq all hit record highs.
Abbott Laboratories, United Technologies, Baker Hughes and NBCUniversal-parent Comcast all reported earnings and revenue that beat analyst expectations.
Of the S&P 500 companies that had reported as of Tuesday morning, 77 percent have beaten earnings estimates, while 80 percent have topped revenue expectations, according to FactSet.
Stocks traded higher on Wednesday on the back of stronger-than-expected quarterly earnings results.
The Dow Jones industrial average rose 150 points at the open, hitting a record high. The S&P 500 also reached an all-time high, climbing 0.3 percent. The Nasdaq composite also 0.1 percent and hit a record.
Abbott Laboratories, United Technologies, Baker Hughes and NBCUniversal-parent Comcast all reported earnings and revenue that beat analyst expectations.
"We've got a pretty good earnings season under way," said Randy Frederick, vice president of trading and derivatives at Charles Schwab. "It's early but the percentage of beats we've seen thus far is pretty good."
Of the S&P 500 companies that had reported as of Tuesday morning, 77 percent have beaten earnings estimates, while 80 percent have topped revenue expectations, according to FactSet.
(Excerpt) Read more at cnbc.com ...
President Trump, you were wrong sir.....
I’m not tired of winning yet!!!!
Unexpectedly high draw-down of oil inventories reported today. Oil will be up to $70 oil in short order. This is especially good for Texas because our magnificent shale developers are now making money at $50/bbl, something unheard of two years ago.
We don’t want to hear a peep out of those coastal states who sue every time off-shore oil leases are mentioned. If TX and LA had done that, there’d be lots of northerners freezing their butts off this winter and paying $4/gal for gas.
Nor am I!! I love the man and my 401(k) adores him!
Yes, my 401k is KILLIN’ IT!!!
Take a look at the two year chart for ROBO eft.
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