Apr 26, 2023
(4/26/23) Microsoft and Google exceeded expectations in their
latest earnings reports, providng some lift to markets after hours.
Microsoft and Apple are now talking about expanding stock
buy-backs, a big contributor to the goss advance of the markets.
Since 2011, 40% of market advances have come from stock buy-backs.
This also enhances companies' earnings per share look. Markets
broke through the 20-DMA yesterday, and now are on sell signals
across the board, suggesting lower prices over the next few weeks.
Important to remember: With earnings coming in
better-than-expected, those beats are are on significantly reduced
levels of estimates from last years'. Slower earnings and slower
economic environments will continue to weigh on stocks as we move
in to summer.
Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts,
CIO
Produced by Brent Clanton
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