Watch out, Match Group Inc. (NasdaqGS:MTCH) – Facebook Inc. (NasdaqGS:FB) is next up to dive into the online dating business. Following their security scandal, this may be just the thing that will shift investors’ focuses from Facebook’s shame to their march forward.
On this week’s episode of Varney & Co., Shah Gilani and host Stuart Varney discuss what Apple Inc. (NasdaqGS:AAPL)‘s next milestone will be – Shah even predicts exactly when he foresees the company reaching the exceptional title of Trillion-Dollar Company. Then, Stuart and Shah go over if Tesla Inc. (NasdaqGS:TSLA)‘s $301 stock is worth purchasing now, if Amazon.com Inc. (NasdaqGS:AMZN)‘s Prime price hike is a wise move, and which one of the most popular social media apps may be in danger. Click here to watch…
It’s the start of the earnings season, and we all know how that can go.
Alcoa Corp. (NYSE:AA) kicked off April 18 by crushing expectations, and 80% of the companies in the S&P 500 have topped analysts’ estimates – and that’s in comparison to the previous historic average of 67% of companies that exceeded conjecture.
But, all beats aside, the S&P 500 has dropped 1.3% since earnings reporting started.
And Alcoa, which popped more than 5% and made a new all-time high at $62.35 after it reported, closed yesterday, April 30, at $51.20 – down 17.9% a mere seven days after soaring like Icarus.
Overall, the market’s performance has been poor, and the unusual number of companies that beat earnings big-time and have since traded down. It’s giving investors a lot to worry about.
It makes one sick of relying on stocks.
Here’s why they should be worried, what to watch for, and what to do if it all goes wrong…