Oh no! The earnings season is here. We kick off the season with several banks releasing today. The markets are flat in anticipation of the next few weeks, but the banks stocks could be an early indication of the next couple of months for the direction of stocks and the economy.
The companies releasing to today are below. Keep an eye on the banking sector. We would not expect many issues with the big banks (JPM, WFC and C) but keep an eye on PNC. The banking system is in crisis mode, and we will see the tone very quickly. If we see weakness in the big ones, oh no!. Even signs of more stress with the small ones will be a problem also.
| UnitedHealth Inc. | JPM |
| JPMorgan Chase & Co. | UNH |
| Wells Fargo & Co. | WFC |
| BlackRock Inc. | BLK |
| Citigroup Inc. | C |
| PNC Financial Services Group Inc. | PNC |
| Byrna Technologies | BYRN |
| North European Oil Royality Trust | NRT |
| Solarwindow Technologies | WNDW |
| FUSS BRANDS INC | FBDS |
| Auto Parts 4Less | FLES |
It is going to get interesting. The FED wanted a slow down and a recession. All signs point to one but it will be known soon. Is it a goldilocks bottom or much more severe? Stay tuned! More to come tomorrow!
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