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October 19, 2024 | Tech Talk for Saturday October 19th 2024

Don Vialoux

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Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

Better than consensus third quarter results released last week by 14% of S&P 500 companies prompted North American equity indices to advance to all-time highs. Analysts were less convinced. They lowered third quarter consensus earnings estimates again.

Frequency of quarterly corporate reports ramps up this week. Another 112 S&P 500 companies (including seven Dow Jones Industrial Average companies) are scheduled to report. Focuses are on reports by Amazon on Tuesday, Tesla on Wednesday and Amazon on Thursday.

 

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October 19th, 2024

Posted In: Tech Talk

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