Earnings
Volatility Closes at Post-Covid Low as Confidence Sweeps the Market

Volatility Closes at Post-Covid Low as Confidence Sweeps the Market

The "fear index" just broke 20 for the first time in almost a year. It was one of several milestones suggesting the market sees further recovery from last year's coronavirus pandemic. Cboe's volatility index fell 0.9 point this week to 19.97. It was the lower close on...

Apple Stuns as the IPhone Upgrade Cycle Takes Hold: Earnings This Week

Apple Stuns as the IPhone Upgrade Cycle Takes Hold: Earnings This Week

Apple led a busy week of earnings by crushing estimates as users clambered for new iPhones. Most other companies also had strong results -- especially chip makers and industrials. The tech giant generated $65.6 billion of revenue from iPhones last quarter, up 21...

Banks Including JPMorgan and Citi Pull Back as Earnings Season Begins

Banks Including JPMorgan and Citi Pull Back as Earnings Season Begins

Traders are taking profits in the banks as earnings season begins. JPMorgan Chase (JPM), Citi (C) and Wells Fargo (WFC) announced quarterly results today. While their numbers were mixed, their price action wasn't. All three had rallied into the reports as investors...

Target Breaks Out as Digital Transformation Pays Off: Earnings This Week

Target Breaks Out as Digital Transformation Pays Off: Earnings This Week

Earnings season ended on a strong note as Target's digital transformation continued to pay off. Investors also embraced newer technology companies and shrugged at established leaders -- just like last week. Target (TGT) surpassed estimates across the board: profit,...

Strong Results, But Few Breakouts: Earnings This Week

Strong Results, But Few Breakouts: Earnings This Week

Several companies reported earnings this week, but few broke out. Walt Disney (DIS), Cisco Systems (CSCO) and Applied Materials (AMAT) beat analyst forecasts but remained below recent highs. Less prominent companies including Chinese e-commerce firm Pinduoduo (PDD)...