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đź’° Market Expert Says Keep Using This Strategy During Earnings Season
How to navigate a hectic earnings season, previewing Tesla's report and more
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Happy Tuesday! If it ain’t broke, don’t fix it. And as we navigate through a volatile earnings season, one expert says to use the same strategy that’s been working. Also, taking a look at Tesla ahead of the company’s earnings report due tomorrow.
—Aaron Bry
Plus, check out the brokerage offering 6.7% yield with a bond account.
MARKET SNAPSHOT
Yesterday: The overall market closed relatively flat, with the Nasdaq slightly in the green while the S&P 500 ended the day slightly in the red. Strength from major tech stocks like $NVDA helped keep the market elevated.
On Our Radar: We’re getting deep into the earnings season. $GM, $GE, $VZ and more reported this morning, with another slew of reports on the way after the close.
TOP STORY
What Happened: Wall Street maintained a cautious stance amid a flurry of earnings reports this week, while markets posted gains for the sixth consecutive week.
So: With some important tech companies scheduled to announce their earnings this week, the Nasdaq Composite kicked off the week on a positive note even as the Dow Jones and S&P 500 opened in the red. One market expert says to use this strategy to navigate the hectic earnings season.
SPONSORED BY PUBLIC
You may know Public as the all-in-one investing platform where you can build a multi-asset portfolio of stocks, options, bonds, and more. Now, Public has taken another step in making fixed-income investing more accessible with the launch of its Bond Account.
At a time when bond yields are at their highest levels in years, the Bond Account allows you to lock in a 6.7%* yield. In just a few clicks, you can now invest in a diversified portfolio of ten investment-grade and high-yield bonds that generate 20 interest payments annually.
With the Fed preparing for what many expect to be a series of rate cuts, the Bond Account offers a timely opportunity to lock in today’s historically high bond yields.
FIVE ZINGERS
Taking Profits?: Nano Nuclear and other stocks in the nuclear space are taking a hit this morning as some traders appear to be taking profits.
GM to $GM: Good morning, General Motors. The auto giant beat on both EPS and sales, but the stock is trading lower as we head into the open.
Paint It Red: Sherwin Williams reported earnings this morning, and the paint company failed to impress investors with a weaker-than-expected quarter.
Big Menus, Big Gains?: Cheesecake Factory shares are jumping higher following a new stake from activist JCP Investments.
Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.
ONE FOR THE ROAD
Basically: Tesla shareholders are curious to receive timelines for the company’s upcoming products and pending promises, according to top-voted queries for the automaker ahead of its third-quarter earnings call.
What Happened: Tesla invites shareholders to ask and vote for questions that they would like the company to address during their earnings calls. Here are the biggest question marks heading into Tesla’s report.
PRESENTED BY BENZINGA
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Disclaimer:
*This yield is the average, annualized yield to worst (YTW) across all ten bonds in the Bond Account, before fees, as of 10/08/2024. Because the YTW of each bond is a function of that bond’s market price, which can fluctuate, your yield at time of purchase may be different from the yield shown here and your YTW is not “locked in” until the time of purchase. A bond’s YTW is not guaranteed; you can earn less than that YTW if you do not hold the bonds to maturity or the issuer defaults.
A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. The 6.6% yield is the average, annualized yield to worst (YTW) across all ten bonds in the Bond Account, before fees, as of 10/08/2024. A bond’s yield is a function of its market price, which can fluctuate; therefore a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule.
Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. You should evaluate each bond before investing in a Bond Account. The bonds in your Bond Account will not be rebalanced and allocations will not be updated, except for Corporate Actions.
Fractional Bonds also carry additional risks including that they are only available on Public and cannot be transferred to other brokerages. Read more about the risks associated with fixed income and fractional bonds. See Bond Account Disclosures to learn more
While corporate bond yields should fall in reaction to a Federal Reserve rate cut, we cannot know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or how much they will decline.