My predictions, well, prediction was right! Nike, as I said, went up after it’s earnings report. It went up by about 3% over the last week which is a great sign for the company and me. I’m back in form! Now, let’s go over the market for last week. The main talking point was the government shutdown. Republicans and Democrats in Congress failed to reach an agreement on how funding should be spread, so the government shutdown. For those of you who are not familiar with what this is, it does not mean that the country is descending into anarchy or something. The government very much exists and there are still laws. What this means is that non-essential services like national parks and stuff that we don’t really need will be shutdown until the two parties can agree on a deal. Surprisingly, the market did not really care. Technology stocks still rose, especially in the AI sector. Energy did absolutely terribly however, dropping like crazy because of falling oil prices. Better for us consumers and worse for them but yeah, it got hit hard. A bunch of economic data was also scheduled to come out alter this week but the government shutdown delayed that so now the market can’t hear more guys talk about interest rates. It seems like the only thing they care about these days are interest rates.The jobs report was set to come out on Friday and that got pushed. Like I said a week ago, the market WANTS a meh jobs report so the fed will cut rates even more. Well, that’s it for this week. Now, we are heading to the predictions section.
Riser
Pepsico- Pepsi is reporting earnings this upcoming Thursday. A good report could see it shoot up. Earnings per share is predicted to go down but overall revenue is set to go up. What the market is really gonna look for is whether sales volume is increasing along with the prices. Even a stable volume would be a good sign for investors.
Faller
Delta Airlines- If you have been traveling over the last few years, you know how much prices are going up for air travel. Rising fuel prices as well as labor costs are deeply hurting the industry. A cooling economy also means less people are likely to fly, meaning that revenue is probably falling. Investors are predicting a fall in both EPS and revenue, so a dip in this stock is very likely.
Market Memo 