The Q1 Earnings Season Begins
WEEKLY UPDATE - APRIL 15, 2019
In This Issue
The Week on Wall Street
Stocks broke out of a narrow range on Friday following news that two major banks grew their bottom line in the first quarter. For the week, the S&P 500 rose 0.79%; the Nasdaq Composite, 0.91%. The Dow Jones Industrial Average improved 0.50%. Turning to overseas stocks, the MSCI EAFE index declined 0.09%.[1][2][3][4]
The market spent much of the week in a lull as investors waited for earnings season to begin. Wall Street is paying close attention to both guidance and profit margins.

Big Banks Post Solid Results
Friday, Wells Fargo and JPMorgan Chase both reported Q1 profit growth, and JPMorgan Chase announced record revenue. [5]

This was welcome news. Analysts have tempered some of their expectations entering this earnings season, recognizing that slowing global growth, tariffs, and dollar strength may be affecting corporate profits. The dollar rallied 6.2% in Q1. [6]

Inflation Picks Up
The Consumer Price Index rose 0.4% in March, the most in 14 months. This matched the consensus forecast of economists polled by MarketWatch, who believed rising gas prices would affect the number.

Even with this March jump, annual inflation remained relatively tame at 1.9%. [7]

What's Ahead
Note that U.S. stock and bond markets will be closed on Good Friday (April 19).

THE WEEK AHEAD: KEY ECONOMIC DATA
Thursday: March retail sales.
Friday: March housing starts and building permits.

Source: Econoday / MarketWatch Calendar, April 12, 2019
The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision. The release of data may be delayed without notice for a variety of reasons, including the shutdown of the government agency or change at the private institution that handles the material.

THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
Monday: Citigroup (C), Goldman Sachs (GS)
Tuesday: Bank of America (BAC), BlackRock (BLK), Comerica (CMA), IBM (IBM), Johnson & Johnson (JNJ), Netflix (NFLX), UnitedHealth Group (UNH)
Wednesday: Abbott Labs (ABT), Alcoa (AA), Bank of New York Mellon (BNY), Morgan Stanley (MS), PepsiCo (PEP), U.S. Bancorp (USB), United Rentals (URI)
Thursday: American Express (AMEX), Honeywell (HON), Manpower (MAN), Philip Morris (PM), Schlumberger (SLB), Travelers Companies (TRV), Union Pacific (UNP)

Source: Morningstar.com, April 12, 2019
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Any investment should be consistent with your objectives, time frame and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.




"In this world nothing can be said to be certain, except death and taxes."
 
Benjamin Franklin

Cauliflower Rice Pilaf

Serves 6

Ingredients:
  • 1 medium head of cauliflower
  • 2 to 3 tsp. olive oil (you can use avocado oil as a replacement)
  • 2 cloves garlic, minced
  • ½ cup scallions, chopped
  • ½ lime, zest and juice
  • Sea salt and freshly ground black pepper
  • ¼ cup toasted almonds (you can use pine nuts or walnuts)
  • ¼ cup fresh chopped parsley (you can use cilantro or basil)

Directions:

  1. Wash and dry cauliflower. Cut the head into manageable pieces.
     
  2. Pulse or grate fresh cauliflower head until it is minced into rice-sized grains.
     
  3. Heat up a large skillet over medium-high heat. 
     
  4. Quickly cook the garlic for about 30 seconds. 
     
  5. Add the riced cauliflower, season with salt and pepper, and cook for about 5 minutes until soft. 
     
  6. Add the scallions, lime juice and zest, almonds, and parsley. 
     
  7. Garnish the top with almonds and parsley, and serve immediately. 

 

Recipe adapted from Love and Lemons[8]
 

   

Grip It, Rip It, and Put Your Body Into It

Many people focus on the smaller mechanics of using their irons to greatest effect. But sometimes, it's about the bigger picture.

In order to get the most distance out of your irons, try to put your entire body behind the ball during your swing. Make sure you have a slight tilt to your shoulders, so your spine is angled away from the ball. Finally, make sure to angle out your left foot, slightly. This helps your body powerfully rotate through the shot.

But don't forget: before you start rotating your hips on the downswing, shift them toward the target a few inches - this should actually start happening before you finish swinging the club back.


Tip courtesy of Sean Foley, PGA | Golf Digest[10]

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OFFICES CLOSED: GOOD FRIDAY

Friday, April 19, 2019

Our offices will be closed on Friday, April 19 th ,
in observance of the Good Friday Holiday.
 
We will return to normal business hours on
Monday, April 22 nd , at 8:00am Central.
 
Have a Blessed & Happy Easter


Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

Diversification does not guarantee profit nor is it guaranteed to protect assets.

International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors.

The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the NASDAQ. The DJIA was invented by Charles Dow back in 1896.

The Nasdaq Composite is an index of the common stocks and similar securities listed on the NASDAQ stock market and is considered a broad indicator of the performance of stocks of technology companies and growth companies.

The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the performance in major international equity markets as represented by 21 major MSCI indices from Europe, Australia, and Southeast Asia.

The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.

These are the views of Platinum Advisor Strategies, LLC, and not necessarily those of the named representative,
Broker dealer or Investment Advisor and should not be construed as investment advice. Neither the named representative nor the named Broker dealer or Investment Advisor gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your financial advisor for further information.

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[1] quotes.wsj.com/index/SPX

[2] quotes.wsj.com/index/DJIA

[3] quotes.wsj.com/index/COMP

[4] quotes.wsj.com/index/XX/990300/historical-prices

[5] www.cnn.com/2019/04/12/investing/wells-fargo-bank-earnings/index.html

[6] finance.yahoo.com/news/5-best-stocks-buy-ahead-122412306.html

[7] www.marketwatch.com/story/higher-gas-prices-boost-cost-of-living-in-march-but-inflation-still-soft-cpi-shows-2019-04-10

[8] www.loveandlemons.com/how-to-make-cauliflower-rice/

[9] www.irs.gov/newsroom/easy-ways-to-pay-taxes

[10] www.golfdigest.com/story/sean-foley-smash-your-irons

[11] blog.bulletproof.com/butter-coffee-benefits/

[12] www.myrecipes.com/extracrispy/what-is-mct-oil

www.thealternativedaily.com/add-these-ingredients-to-coffee-to-fight-inflammation/

[13] www.medicalnewstoday.com/articles/321474.php


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