Trump Presidency and Q4 Earnings and

Today Donald Trump became the 47th President after talking oath. We may see a flurry of executive orders signed to undo  many regulations of the previous administration. In my view, stock market should have a positive impact on the stock market and overall economy. Hopefully, we may see a new era of changes good for America. But only time can tell..Also, we will see Q4 earnings from the big tech companies In days and weeks ahead. The stock market may take a direction depending on the earnings. However, I want to remind that we may see lots of volatility going forward. And hence, there may be situations, buy the dip and sell the rip/upward momentum.

ECONOMY NEWS

  • Producer inflation was weaker-than-expected across the board, with headline PPI rising 0.2% (vs 0.4% expected) and core PPI flat (vs 0.3% expected).
  • Friends, Good morning!
  • The CPI - inflation rate slows to 3.2% vs. 3.3% expected. For the month of December, CPI increased a seasonally adjusted 0.4%.

EARNINGS


JP Morgan Chanse (JPM)

  • Earnings: $4.81 a share vs. $4.11 LSEG estimate
  • Revenue: $43.74 billion vs. $41.73 billion expected

Goldman Sachs (GS)

  • Earnings: $11.95 a share, vs. $8.22 expected
  • Revenue: $13.87 billion, vs. $12.39 billion expected

Welles Fargo (WFC)

  • Adjusted earnings per share: $1.42 vs. $1.35 expected
  • Revenue: $20.38 billion versus $20.59 billion expected

Bank of America (BAC)

  • EPS of $0.82 beat by $0.05
  • Revenue of $25.3B beat by $170M

Morgan Stanley (MS)

  • EPS of $2.22 beat by $0.53
  • Revenue of $16.2B beat by $1.17B.

UnitedHealth Group (UNH)

  • EPS of $6.81 beat by $0.07
  • Revenue of $100.8B missed by $930M

Retail sales

Retail sales grew 0.4% vs. 0.6% in December. But it was up 3.9% YOY.



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