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Good morning!
In case you missed it, hit the link below for a replay of my webinar last week, Political Shifts & Personal Finances: What You Need to Know About Your Money & the Upcoming Elections. With national, state, and local elections only a couple weeks away, I had a lot to say about their impact on your finances. Check it out, and please forward the link to anyone you know who might be nervous about the elections and any impact to their finances.
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Have cash or cash equivalents earning nothing or next-to nothing? It's a great time to invest in U.S. Treasury Bills, a short-term investment with little risk and easy liquidity. We'll post current rates of return here each Tuesday. Want to put your money to work? Call your advisor today! | | |
It's a busy week for Q3 corporate earnings, which include potential market movers Tesla and Amazon. Here's what's happening ... | |
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More than 750 companies report earnings this week, with some notable power players in defense tech. This morning, numbers are due from GE Aerospace, Lockheed Martin, RTX Corporation, Danaher Corporation, Philip Morris, Verizon, Texas Instruments, Sherwin-Williams, and Moody's, followed Wednesday by Tesla, Boeing, Coca-Cola, T-Mobile, Thermo-Fisher Scientific, IBM, Lloyd's of London, AT&T, and Boston Scientific. Thursday earnings are up for Amazon, S&P Global, Union Pacific, Honeywell, UPS, Northup Grumman, and Capital One, followed Friday by HCA Healthcare, Colgate-Palmolive, Aon, and Booz Allen Hamilton Holdings. *
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On Wednesday, the National Association of Realtors releases its report on existing-home sales for September. The consensus estimate predicts a seasonally adjusted annual rate of 3.9 million homes sold, a slight increase from August. However, existing-home sales remain near their lowest levels since 2010, primarily due to the lock-in effect. High mortgage rates are discouraging homeowners who secured lower rates from selling their properties, resulting in a stagnant housing market. Then on Thursday, the Census Bureau reports on new residential home sales. The consensus estimate anticipates a seasonally adjusted annual rate of 720,000 new single-family homes sold, an increase of 4,000 from August. **
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There's an annual BRICS summit this week in Russia. Never heard of BRICS? It's a global alliance which aims to counterbalance the Western-led world order, and a bloc Western powers are increasingly concerned about. Initially including Brazil, Russia, India, China, and South Africa, it has rapidly expanded this year with the addition of Iran, Egypt, Ethiopia, the United Arab Emirates and Saudi Arabia. Turkey, Azerbaijan, and Malaysia have formally applied, while a number of others have expressed a desire to be members. Analysts say the Kremlin wants the opportunity this week to stand shoulder-to-shoulder with its global allies amid continued tensions with the West, as well as the practicality of negotiating deals with them to shore up Russia's economy and its war effort. This week's summit hopes to consolidate economic, technological and military ties in the expanded bloc. Beijing and Moscow also want to float the idea of a new international trading currency that could possibly challenge the U.S. dollar-dominated world economy. ***
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The financial advisors at Miramontes Capital diligently keep up with anything that can impact our clients' finances and tap into more than 175 years of combined investment experience. We do our all to keep your money protected and growing. If you think you might benefit from our financial experience and oversight, contact us today for a FREE, no-obligation consultation. Just call (800) 460-1595. Until next week... | |
Investment Advisory Services offered through Miramontes Capital, LLC. Securities offered through Balanced Security Planning, Inc. Member FINRA/SIPC. Miramontes Capital, LLC and Balanced Security Planning, Inc. are separate companies affiliated through common control. This newsletter is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Miramontes Capital, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Miramontes Capital, LLC unless a client service agreement is in place. | | | | |
