Stock Market News Weekly Recap! March 24, 2017

TL;DR

Stock market had a down week, but the overall view is positive. Snapchat and SeaBridge Gold had a good week, while Herz Global Holdings and GameStop struggled. The GOP postponed the vote on the healthcare bill, Ford gave weak guidance, FedEx had solid numbers, and Nike beat expectations.

Transcript

we're in air why youbody tell me we're on air oh my goodness holy smokes what is going on back there good day subscribers thank you so much for joining me today I am Jeremy this is the financial education Channel and today we're doing Stock Market weekly recap number 10 ever in history recap in the March 24th 2017 week we're do like we usually do l... Read More

Key Insights

• 🫵 The stock market had a down week but is still viewed positively in the long term.
• 😮 Snapchat continues to show volatility, rising one week and falling the next.
• 🧭 The GOP's inability to pass the healthcare bill highlights the challenges of politics and the difficulty of changing legislation.
• 🚗 Ford's weak guidance raises concerns about the auto industry, particularly in relation to used car prices and auto loans.
• 😘 FedEx's solid revenue numbers indicate a strong economy, while Nike's lower stock price despite beating expectations demonstrates the unpredictability of earnings reports.
• 🧭 Changes in healthcare legislation could potentially provide opportunities for other bills, such as tax reform, to gain attention and be passed.
• 🫤 The content creator accurately predicted the potential issues in the auto industry over a year ago.

Questions & Answers

Q: What was the performance of the stock market in the past week?

The Dow Jones Industrial Average was down 1.5%, the NASDAQ was down 1.2%, and the S&P 500 was down 1.44%.

Q: Why did the market downturn not worry the content creator?

The content creator views a market correction of 5-10% as healthy and necessary. They believe the market is fairly valued but would prefer a lower valuation to feel more secure.

Q: Which stocks performed well in the past week?

Snapchat and SeaBridge Gold were the top gainers, with Snapchat up over 16% and SeaBridge Gold up over 10%.

Q: Which stocks struggled in the past week?

Herz Global Holdings and GameStop both had a tough week, with Herz Global Holdings down almost 20% and GameStop down 16%.

Q: What happened with the GOP's plan to overhaul the Affordable Care Act?

The GOP was unable to gather enough support and postponed the vote on the healthcare bill. It is unlikely to be passed anytime soon.

Q: How did Ford perform in the past week?

Ford gave weak guidance, projecting a 50% drop in earnings for the first quarter, citing increased costs and weaker demand.

Q: What were the reasons behind the stock market volatility for Ford, General Motors, and Fiat Chrysler?

Concerns about used car prices, slowing auto sales, and the stability of the auto loan market have caused these stocks to fall.

Q: How did Nike perform in the past week?

Nike beat expectations with earnings of 68 cents per share, but its stock fell despite the positive results.

Summary & Key Takeaways

• Dow Jones Industrial Average, NASDAQ, and S&P 500 all had a down week, but the overall market view is positive.

• Snapchat and SeaBridge Gold were the top gainers, while Herz Global Holdings and GameStop struggled.

• The GOP postponed the vote on the healthcare bill, and it is unlikely to be passed anytime soon.

• Ford gave weak guidance, projecting a 50% drop in earnings for the first quarter.

• FedEx had solid revenue numbers, indicating a strong economy, while Nike beat expectations but saw its stock fall.