![]() ![]() ![]() Let’s call it there’s 1% upside and 2% downside through the end of the month of November. The team at Oak Harvest expects two to four weeks of up and down trading in the overall market in a very narrow range. Cisco has a huge corporate business in China, currently being affected by the trade war, and while they will be a big beneficiary of the fifth-generation wireless technology rolled out, their business momentum per orders in that area will be a second-half 2020 story, as more of the base network from AT&T and Verizon and other wireless carriers need to built out first before corporate customers demand new Cisco technology.Īs for the market, the S&P is sitting at 3,100. This week, applied materials reported a great quarter and an upbeat outlook for the first half of 2020, while Cisco Systems reported a downbeat quarter due to slow corporate spending on new hardware. We’re at the end of the third-quarter earnings. The normalcy of this rally continues as the team at Oak Harvest laid out back in late June in our second-half outlook. We have rallied almost exactly 225 points from October 2nd through October 4th pivot at 2,885, and we’ve done this in the span of about five weeks. This podcast is entitled, Financial News or Opinion Calls for Financial Armageddon, 2010 Through Today.Īs of this morning, the S&P 500 sits almost exactly at 3,100. Welcome to the November 15th edition of our weekly Stock Talk podcast: Keeping You Connected to Your Money. I’m the chief investment officer here at Oak Harvest Financial Group in Houston, Texas. On the edition of Stock Talk, CIO Chris Perras provides an update on recent market action, and takes a look at how several predictions of “Financial Armageddon” have actually played out over the last several years.Ĭhris Perras: Good morning. ![]()
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