After a hideous ending to 2018, this year started out much better. Sentiment on Wall Street flipped positive after the Christmas crash as the fears from the Fed threat abated. Last week we rekindled some of it, but this time it was more of a disappointment than fear for cause.
Federal Reserve Jerome Powell refused to commit to a rate cut so investors threw a fit Wednesday afternoon. This is different than fearing harmful action from the Fed. After all, they are still dovish and supportive of the economy and when things are going this well we don’t need a cut yet.
Case in point, we are in the throes of yet another earnings season and, so far, companies have delivered strong results after a tough year for equities in 2018.
Some stocks fell on good earnings reports and they deserve attention.
When a company misses earnings estimates it might be the fault of management, but other times, stocks fall for all the wrong reasons.
Today we will examine three mega-cap stocks that delivered on…