Corrie Driebusch
speaker
416 appearances
8 recordings
1 series
first heard Oct 2018
last heard Oct 2024
Corrie Driebusch’s voice in public audio — every appearance, attributed to the second.
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Appearances
And Amazon's kind of cautioned in their report that spending is likely to increase this year and also that some government restrictions in India could weaken its revenue there.
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So that coupled with, I believe, that its revenue growth has just been slowing, even though it's still growing.
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got some investors a little worried.
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So they sold off that stock pretty brutally today.
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Yeah, I think it's important to note that they're better than feared.
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Earnings expectations had come down so much in recent months, but also recent weeks, just leading up to the start of earnings season.
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There was very lowered expectations, so they didn't need to do much to beat them.
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It's not that we're having the super strong returns.
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One thing to note, the companies in the S&P 500 are on track with about half of the companies reported to post year-over-year earnings growth of 12%, which on the one hand is the fifth straight quarter of double-digit earnings growth.
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On the other hand, it's the first time that growth has fallen below 20% since the fourth quarter of 2017.
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So it's sort of good news, but not great news.
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Yes.
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So we saw quite a few good news items.
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We saw this strong jobs report on Friday, which had a lot of jobs were added, along with a tick up in wages.
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And that supported this newfound optimism that has kind of washed over the stock market just in January and now this one day of February.
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As many of our listeners will remember, in December, there were quite a few fears that there was an economic slowdown going down, going on, that maybe we could be heading closer to a recession, and that the Federal Reserve was just barreling ahead with so many interest rate raises, they were out of touch.
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et cetera, et cetera.
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Well, how much one month has changed, all the data shows the economy may be slowing, but it's still growing.
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And the Fed has really come out very strongly to say they're not going to be rushing to raise interest rates.
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And we saw that this week with Chairman Powell's remarks that they're going to be patient.
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Showing 221–240 of 416 · page 12 of 21
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