The Invesco Solar Energy ETF (TAN) rose 2.35 percent on Tuesday, bucking a drop of 1.65 percent for the broader S&P 500. TAN’s gain of almost 4.2 percent in the last week makes it the best-performing industry fund over that period.
Take the good news first: Apple (AAPL) is starting to move beyond its reliance on smart phones and shifting into longer-lasting businesses. Revenue from services and wearables both rose more than expected, while record buybacks helped lift per-share earnings.
Yesterday’s private-sector payrolls report from ADP showed the industry adding 49,000 jobs in April. That translated into a 0.66 percent increase overall — triple the broader total. It followed a string of increases going back more than two years.
The S&P 500 rose 1.2 percent between Friday, April 19, and Friday, April 26. The index also closed at a new all-time high of 2940, with technology and the Nasdaq-100 still leading the charge.
Both U.S market and Australian market are hitting record highs, let’s keep an eye on the companies that going to announce their earnings this week.… Read More »Earnings Season is ramping up, the companies to watch this week (29th April – 5th May 2019)
Hon Hai Precision Industry owns Foxconn, a company which assembles the majority of the world’s mobile phones in mainland China and is one of Apple’s most important manufacturers.
Earnings season is approaching and these large U.S. companies are set to report to the market this week. Let’s take a look! Citigroup Inc. (Symbol:… Read More »Large companies set to report earnings this week