“Earnings are Back” – Vista Partners Daily Market Recap 4/30/2019

By John Heerdink LinkedIn

Earnings once again took the spotlight during Tuesday’s session, while stocks ended the session mixed. The S&P 500 started in the red and then climbed to break even. It ended the day up 0.10% (2.80 points). The Nasdaq, on the other hand, was never able to crack the barrier today and it ended down 0.81% (66.47 points). The Dow wavered some today, but still managed to be up 0.15% (38.52 points) by the time trade ended.

Most components of the Dow were up today, although some did see losses. McDonalds (MCD) reported earnings today of $1.72 which missed estimates by about six cents. The company ended the day with gains of 0.23%. Also reporting before the market opened this morning was pharmaceutical giant Merck (MRK). They managed to beat estimates with earnings of $1.22. Buoyed by this positive report, the company rose $2.51 for the session. The third Dow Jones component reporting was Pfizer (PFE). They beat estimates of $0.78, reporting actual earnings per share of $0.85. Apple (AAPL) will report later this evening.

Atossa Genetics (ATOS) rose today. It closed out the session up 1.35%.

Alphabet (GOOG), Google’s parent company, also reported today. Unfortunately, the tech giant missed estimates for their earnings. The company pointed to a decrease in ad growth as a major reason for missing the mark. It’s loss dragged down tech stocks as it tumbled 7.7%.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Nasdaq falls as Alphabet’s sales miss weighs on tech stocks

Stocks ended Tuesday’s session mixed amid a batch of corporate earnings results and an impending monetary policy decision from the Federal Reserve…

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