In today’s Get Real, we saw that the hope for a miracle deal in the trade war is gone. More third-quarter results were released. Plus, Cannabis 2.0 could revive the cannabis industry.
Trade war: No miracle deal?
The US-China trade war has made the market anxious for several quarters. A partial trade deal has eased some of the tension. However, there isn’t a miracle deal to rely on if the conditions get worse.
Snap and Texas Instruments
Earlier this week, Snap (SNAP) and Texas Instruments (TXN) stock fell. Snap had good earnings, but its revenue outlook didn’t boost investors’ confidence. Texas Instruments had disappointing revenues, but its profits were strong.
Chipotle’s strong Q3 results
Chipotle (CMG) crushed analysts’ expectations with excellent third-quarter earnings. More importantly, the stock might continue to rise.
Boeing’s 737 MAX reaffirmation
Boeing’s (BA) EPS fell after its earnings report on Wednesday. However, the revenues met analysts’ expectations. The stock rose after Boeing reaffirmed its intention for the 737 MAX to be off the ground in the next quarter.
Caterpillar posted lower Q3 results
Caterpillar (CAT) released its third-quarter results on Wednesday. The results were lower than analysts’ expectations. The stock fell after the results.
Dow Jones and S&P 500 have cold feet
The S&P 500 and the Dow Jones Industrial Average are both extremely close to reaching their all-time highs. Disappointing earnings from companies including Boeing and Caterpillar aren’t helping. Trade talks will likely be the driving force behind the index movement.
What to watch for
Aurora Cannabis: Will Cannabis 2.0 be a lucky break?
Aurora Cannabis’s (ACB) fourth-quarter earnings results will be released today. Although the company has been preparing for Cannabis 2.0, those sales won’t start until the end of the year. So, we’ll have to wait and see where the company stands.
Cannabis and Florida’s economy
Currently, recreational cannabis isn’t legal in Florida. However, the state will likely push for legalization in 2020. Legalization could help Florida boost employment rates and quell opioid abuse.
Two more concerns for Netflix?
Netflix (NFLX) didn’t dazzle the market with its third-quarter results. The company’s situation hasn’t improved. The impending streaming war isn’t Netflix’s only concern—there’s a new partnership on the horizon.
Intel’s Q3 expectations
Intel (INTC) will release its third-quarter earnings results today. The expectations maintained a balance between optimism and pessimism. Investors will wait and see what unfolds for the chip and GPU powerhouse.