The Weekly Skim for Investment Professionals & Financial Advisors
Issue WK5 - 1.28.19
On Deck: 500+ Companies Set to Report Earnings this week
This week more than 25% of S&P 500 companies are scheduled to report earnings. In addition, four of the five most valuable tech companies in the world will report:
Apple (AAPL)
Amazon (AMZN)
Microsoft (MSFT)
Facebook (FB)
Thus far, about one-fifth, or 112, of the S&P 500 companies have reported already, with the majority topping analysts’ earnings estimates: 72.3% of companies have reported above analyst average estimates, according to data from Refinitiv.
Other key events that could drive the market higher or lower depending on the outcome is the next round of U.S.-China trade talks scheduled for this week and economic reports such as GDP.
By Friday, 44% of the S&P 500’s companies (and 77% of the Dow Jones Industrial Average’s 30 companies) will have reported.
The government shutdown cost the economy $11 billion.
According to a new analysis from the nonpartisan Congressional Budget Office, the costs primarily were attributed to lost output from federal workers, delayed government spending and reduced demand.
Nevada is likely to be the first state to adopt a fiduciary rule, possibly by year-end, according to Andrew Remo, director of legislative affairs at the American Retirement Association.
The independent and hybrid RIA channel has increased its advisor count to 63,000, up 21% in the past five years, according to industry research firm Cerulli Associates. During the same time frame, the number of RIA firms grew from approximately 15,500 to nearly 17,000, according to Cerulli.
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