#earnings-reports

#earnings-reports

Earlier in the week, trade deals with Japan and Indonesia contributed to pushing the market to record highs, and the possibility of a deal with the European Union adds to optimism. The Vanguard S&P 500 ETF reached an all-time high of 583.20, with a promising outlook for further gains. Key factors influencing the sustainability of this rally include both successful trade negotiations and the mixed results of earnings reports. Some companies, like Intel, reported losses despite exceeding revenue expectations, while others, like Deckers, had brighter earnings news, indicating a divided performance among major players.

The Vanguard S&P 500 ETF closed at a new all-time high Thursday, 577.18, and seems to be aiming for a repeat Friday, rising 0.2% in premarket trading.

Greif remains in a year-to-date drawdown following three consecutive EPS misses, despite strong free cash flow and a rebounding stock price.

The ADP report indicated only 37,000 jobs were added in May, significantly below the forecast of 110,000 and also lower than April's figures.

The OECD lowered growth forecasts for the U.S. economy, predicting a decline from 2.8% in 2024 to just 1.6% this year and 1.5% in 2026.

In a shocking development, the U.S. Court of International Trade declared President Trump's April 2 'reciprocal tariffs' illegal, citing that he exceeded his authority to regulate importation.

Inflation rates in April slowed to 2.3%, driven by cheaper oil prices and a significant decrease in egg prices, providing a mixed economic outlook.

The tariffs are directly affecting his own companies' bottom lines, with major businesses warning of impacts on earnings due to Trump's trade policy.

Warren Buffett's announcement of stepping down as CEO of Berkshire Hathaway on January 1, 2026, alongside the appointment of Greg Abel, signals a significant transition for value investors.

The Labor Department reported that seasonally adjusted claims for unemployment insurance reached 241,000 last week, indicating a struggling economy which might prompt interest rate cuts.

Despite the sharp downturn due to trade concerns, the US stock market made a strong recovery driven by tech stock performance and easing trade tensions.

Coca-Cola's impressive dividend track record has endeared its stock to institutional and individual investors alike, maintaining a "Strong Buy" rating from analysts.

Tech stocks rallied yesterday with news of 'Project Stargate', a $500 billion AI infrastructure initiative. Today, some winners continue to rise while competitors pull back.