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Earnings Season Underway
Banks reporting somewhat better than expectations - but drop after results (JPM rallies)
President Trump wants change at the Fed
Tiger wins the Masters - golf stocks rejoice
Passed Out at the Wheel

Market Update

Week ends positive - after a big Friday
Monday starts on a downbeat note
Concerns about stocks overextended into tough earnings comps
Tax Day comes and goes....

Economics:

Inflation picking up - PPI HOT - CPI nearing 2%

Inflation Chart

Notre Dame Cathedral - Massive Fire- Very sad

Tiger wins the Masters
- President Trump intends to present Tiger Woods with the highest civilian award following his Masters win.

Fed Disruption
President Trump tweeted that if the Fed did not raise rates the market would be 5,000 - 10,000 higher and GDP would be north of 4%
- Kudlow out with saying that Trump is trying to disrupt the Fed with his picks (Cain and Moore)
- “If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4 percent instead of 3 percent...with almost no inflation,” Trump said.
- “Quantitative tightening was a killer, should have done the exact opposite,” he said, referring to the Fed’s monthly withdrawal last year of up to $50 billion of the bonds it acquired during the worst economic downturn since the 1930s Great Depression.

Netflix Earnings
-Beats by $0.06 but  guides down on subs.
- Disney will not impact meaningfully
- Stock drops 8% then recovers a bit.

IBM Earnings
- Beats EPS by $0.01 but misses on revenues
- Another weak quarter
- Stock down 1.5% after hours

CSX, UAL beat and stocks higher.
- CSX - ATH

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420 Stocks ...

CLICK for list of "Pot Stocks"

Stocks to watch: CGC, STZ, TLRY, CRON, MJ, NBEV

 

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Announcing the WINNER
Closest to the Pin - JP Morgan (JPM)

 

*** NEW INTERACTIVE CHARTS ***

Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) -
PLUS a one-of-a-kind DHUnplugged CTP Winner's certificate..

CLICK HERE FOR MORE CHARTS ON TRADING VIEW

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UPDATE - NEW ETF - Global X Millennials Thematic ETF Challenge!

The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as Facebook, LinkedIn and Amazon, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts AvalonBay Communities and Equity Residential, and Home Depot, which could benefit from millennials moving out of the home of their parents.

We are creating the DH Old Codger Index Portfolio to compete against this new ETF to see how "old school" stocks do in comparison. Companies in our index will include: (updated names as of 8/29/16)

We have the performance summary running (daily and since inception of 5/6/16) - DHOCI vs. Millennials ETF Battle

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 TravelBug?
- Timothy Williams, best known as the pitchman for travel site "Trivago," was arrested this week after Houston police say they found him passed out behind the wheel of a car in traffic.
- "He was passed out with his foot on the brake in a moving lane of traffic," said Houston Police spokeswoman Jodi Silva. Police got the call Wednesday afternoon.
- Williams failed a field sobriety test and submitted to a blood draw, she said.

Raising minimum wage - nice move
- A day before he was to testify before Congress, Bank of America’s chief executive, Brian Moynihan, said the lowest-paid workers would earn $17 an hour starting in May and $20 in two years.

AOC Not on FB
- Alexandria Ocasio-Cortez quits Facebook, calls social media ‘a public health risk’

Medicare for All?
- There is a good amount of talk about the potential for some type of single payor plan - Medicare for all - from Democreatic candidates. That is kicking United Health (UNH) in the teeth.
- Stock is down from a high of $290 to $216 this year (25%)

Diagnosis
- Nearly 30 years after Michael Landon’s shocking death, details surrounding the Little House on the Prairie star’s health are being investigated.
- At the young age of 54, Landon died on July 1, 1991, from pancreatic cancer, just months after his diagnosis.
- “For nine years, Little House on the Prairie was filmed just 15 miles away from the Santa Susana Nuclear Laboratory,” a narrator says in PEOPLE’s exclusive sneak peek of the special.
- Hundreds of local residents started suffering from cancer, scientists discovered that the Santa Susana lab had been the site of the worst radioactive disaster in U.S. history and that years of contamination had prompted a cancer epidemic,” the narrator says in the clip.
- As a result of the “cancer epidemic,” numerous studies were performed on the area.
- “Studies have concluded that this was responsible for up to 2,000-cancer-related deaths and lead to a 60 percent increase in cancers such as lung, bladder, kidney, liver, blood, lymph node, upper digestive track and thyroid cancers

 

What would John C. Dvorak have written for PC Magazine?