Joel Elconin kicks off today with a quick recap of a couple banks earnings that beat and missed estimates. The market is noticing and reacting depending on the result but Joel points out he thinks there are more important things to watch. When it comes to short squeezes look at the charts of Tesla and Beyond Meat. We wrap up with a comment on the cannabis stocks that are going through a bit of a pop.
We step away from the geopolitical news and look at the upcoming earnings season for US equities. Ed Moya weighs in on some of the recent earnings results for the semiconductors sector that have surprised to the upside. we also discuss the moves in oil and the major factors outside of war fears that can drive prices int 2020.
Joel Elconin joins me today for a recap of the recent Q3 earnings season. There was a lot of worries coming into earnings as people thought that the trade wars and tariffs would impact earnings and forward guidance. We have seen better earnings and better forward guidance which is all contributing to the rise in equity markets. The big picture is key and for right now it is looking a bit better.
While most everyone will be watching the Fed statements and press conference tomorrow there are a couple other important events to watch. Ed Moya, Senior Market Analyst at OANDA joins me to share his thoughts on the Fed meeting but also look to some earnings from big tech, Facebook and Apple. There is also jobs data that will be released and trade updates on the possible Phase 1 deal.
Craig Hemke, Founder of TF Metals Report joins me to discuss the continued involvement of the Fed in the repo market as well as the Agnico Eagle Q3 earnings. While no one knows how it will all play out with the Fed injecting more money into the repo market it is not a good sign that it is expected to continue into next year. As for Agnico the revenue and earnings numbers were very good. This is very encouraging for the overall sector moving forward.
Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me to chat about the continued influence of politics on the markets. Volatility and fear are here to stay but we look ahead to the upcoming earnings season as a short term driver but more importunately what it could mean for future US economic data.
Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me to weigh in on the rebound in US markets after the biggest down day of the year. We also recap the recent earnings season and overall market moves.
Ed Moya, Senior Market Analyst at OANDA joins me to recap some of the weak earnings reports we saw today as well as the Department of Justice focusing on the big tech companies. Both of these events you would think should have market down significantly however the Fed put remains the largest influence on investors minds.
Allsion Ostrander, Director of Risk Tolerance at Simpler Trading joins me to look at the earnings of Netflix and the following moves in the stock. We also look at Visa and the hedge fund short position heading into its earnings.
I am happy to introduce a new guest to the show, Dennis Dick. Dennis is the Co-Host with Joel over at Benzinga’s Pre-Market Prep Show. We discuss the start of earnings seasons and the general performance of the US markets compared to the rest of the world.