Kevin Gordon
@KevRGordon
Director, Senior Investment Strategist, Charles Schwab & Co., Inc. Disclosures: https://www.aboutschwab.com/social-media
Table updated to reflect the latest: August 1 tariff rate for goods imported from Philippines got moved from 20% to 19%
New record high for existing single-family home prices in June
Existing single-family home sales fell in June to the lowest since last September
S&P 500 homebuilders +11.75% yesterday. Best day since November 2022 and up there with best days in 2020, 2009, 2008, and 2000
408 S&P 500 members closed higher yesterday. Most since the beginning of June
Believe it or not, there are times when the NASDAQ underperforms the Russell 2000 ... but that is clearly not the case right now
71% of the Utilities sector made a new 2-month high yesterday ... most since last September
Here are some of the meme stocks under the microscope of late ... at one point, Kohl's was down by more than 50% YTD; now it's up by 2.1%
Looking forward to joining @YahooFinance today for #MorningBrief with @juleshyman around 9:15am ET, followed by #OpeningBid with @BrianSozzi around 9:30am ET
Updating the table with Japanese imports now expected to face a 15% tariff on August 1
So far this year, Rolex is leading luxury names in price increases @FT @UBS
The S&P 500's revenue beat rate has been soaring so far this quarter ... right now, at its highest since the second quarter of 2021
S&P 500's close yesterday: 6,305.6 S&P 500's close today: 6,309.6
Does the market need Fed rate cuts? Red box is cuts being priced in more aggressively as the S&P 500 went up. Green box is cuts being priced out aggressively as the S&P 500 went...up.
Joining @BloombergTV for #TheClose with @scarletfu around 3pm ET this afternoon
Auto industry profit margin: 3.6% Semiconductor industry profit margin: 24.5%
One reason tariffs haven't affected the stock market more is that they primarily affect the "old economy". GM has $187B in sales but a market cap of just $50B, while Nvidia has $135B in sales and a market cap of $4.1 trillion. GM is much more exposed to tariffs than Nvidia.