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Recap May 2: Food Prices Exploding – Corporate Profits are Huuuuge (Recap ep121)
In today’s recap, we start analyzing how food prices rise above the official inflation rate and see how most corporates reported their earnings and showed great profits.
Of 124 companies in the U.S. S&P 500 index that have reported Quarter 1 results to date, 85.5% have already topped analysts’ earnings estimates, with Refinitiv IBES data now predicting a +34.3% jump in profit growth.
Both the S&P 500 & Dow Jones Industrial Average are to finish a 3rd consecutive monthly gain today, up +4.27% & +2.42% respectively for the month of April. The Nasdaq index will complete a 6th straight month of increase, up +4% for the month, as the market levels off with investors moving to assess the overall health of the domestic & international economy.
Copper prices hit a 10-yr high towards a record above $10K a tonne seen a decade ago, over supply disruption worries in top producer Chile, due to strikes & as investors hope for an improvement in global demand, amid a stable economic recovery. Robust demand helps expectations of shortages this year +27% in 2021.
EU countries agreed this month to launch COVID-19 travel passes that will permit people who have been vaccinated against the disease, recovered from an infection or have tested negative to travel more easily. A top EU official says that Americans who have been vaccinated against COVID-19 should be able to travel to Europe by summer, easing existing travel restrictions. The European Medicines Agency has approved the 3 vaccines used in the U.S.
Germany, Europe’s largest economy saw business morale improve only slightly in April, as a 3rd wave of COVID-19 infections & a semiconductor shortage in the motor vehicle sector, slowed the overall economic recovery. The Ifo institute said its business climate index edged up to just 96.8 from 96.6 in March. A higher figure of 97.8 had been expected.
New Covid-19 infections increase at an alarming rate in India; Domino’s will test autonomous pizza delivery in Houston; Boeing Quarterly Losses are Greater Than Expected.
The post Recap May 2: Food Prices Exploding – Corporate Profits are Huuuuge (Recap ep121) appeared first on Investing & Day Trading Education: Day Trading Academy.
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In today’s recap, we start analyzing how food prices rise above the official inflation rate and see how most corporates reported their earnings and showed great profits.
Of 124 companies in the U.S. S&P 500 index that have reported Quarter 1 results to date, 85.5% have already topped analysts’ earnings estimates, with Refinitiv IBES data now predicting a +34.3% jump in profit growth.
Both the S&P 500 & Dow Jones Industrial Average are to finish a 3rd consecutive monthly gain today, up +4.27% & +2.42% respectively for the month of April. The Nasdaq index will complete a 6th straight month of increase, up +4% for the month, as the market levels off with investors moving to assess the overall health of the domestic & international economy.
Copper prices hit a 10-yr high towards a record above $10K a tonne seen a decade ago, over supply disruption worries in top producer Chile, due to strikes & as investors hope for an improvement in global demand, amid a stable economic recovery. Robust demand helps expectations of shortages this year +27% in 2021.
EU countries agreed this month to launch COVID-19 travel passes that will permit people who have been vaccinated against the disease, recovered from an infection or have tested negative to travel more easily. A top EU official says that Americans who have been vaccinated against COVID-19 should be able to travel to Europe by summer, easing existing travel restrictions. The European Medicines Agency has approved the 3 vaccines used in the U.S.
Germany, Europe’s largest economy saw business morale improve only slightly in April, as a 3rd wave of COVID-19 infections & a semiconductor shortage in the motor vehicle sector, slowed the overall economic recovery. The Ifo institute said its business climate index edged up to just 96.8 from 96.6 in March. A higher figure of 97.8 had been expected.
New Covid-19 infections increase at an alarming rate in India; Domino’s will test autonomous pizza delivery in Houston; Boeing Quarterly Losses are Greater Than Expected.
The post Recap May 2: Food Prices Exploding – Corporate Profits are Huuuuge (Recap ep121) appeared first on Investing & Day Trading Education: Day Trading Academy.
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