Financial Review

Fizzy


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…Stocks move higher. Earnings season starts with fizz. Goodbye Doughboy. Quits up. Global debt soars. BMW and Tesla to China. Trump to Brussels and UK and Helsinki – what could go wrong? #SavethePolishDog. Try to avoid a 15.4(c) breach. Financial Review by Sinclair Noe for 07-10-2018 DOW + 143 = 24,919 SPX + 9 = 2793 NAS + 3 = 7759 RUT – 8 = 1695 10 Y + .01 = 2.87% OIL + .19 = 74.04 GOLD – 2.20 = 1256.00   Stocks moved higher but it wasn’t a fulsome rally. You could make the argument that you only need to track a handful of stocks. Amazon, Netflix and Microsoft together this year are responsible for 71 percent of S&P 500 returns and for 78 percent of Nasdaq 100 returns. Apple also makes up a large portion of both indexes, contributing 12 percent of both S&P 500 and Nasdaq 100 returns, while Alphabet and Facebook contributed 8 percent to each.     PepsiCo’s shares jumped about 4 percent, for their biggest one-day gain in nearly seven years after the company’s quarterly results topped estimates on strong sales of snacks. The company also reaffirmed its full-year forecast amid signs of a gradual recovery in its soda business. Excluding one-time items, the company earned $1.61 per share, beating analysts’ average estimate of $1.52 per share. Total revenue rose 2.4 percent to $16.09 billion, edging past analysts’ average estimate of $16.04 billion PepsiCo drove a gain in the consumer staples index, with ...
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Financial ReviewBy Sinclair Noe