Published on: October 27, 2023

NetWorth Radio Advance Report - October 30, 2023

In this NetWorth Radio Advance Report, Spencer McGowan, President of McGowanGroup Asset Management, delivers financial news and intelligence with insights you can act on for October 30, 2023.

Advance Report

Radio Show

Q: What is the average appreciation on the Dow Jones Industrial Average Index (Dow Jones) since February of 2020?
A:  The Dow Jones was near 29,500 on February 14, 2020 and hit slightly over 33,000 on October 26, 2023. This equates to roughly a 11% gain during that time, annualizing at approx. 3%.
Q:  Will the U.S. Government shutdown November 17th?
A:  Tune in to today’s broadcast and follow along as Alex Tollen, Chief Operating Officer, covers the topic in detail during the Profit Report!


Headline Round Up

*U.S. Gross Domestic Product (GDP) for Q3 at 4.9%.
*Another Big Oil Mega Merger: Chevron Buys Hess for $53 Billion in All Stock Deal.
*Clean Energy Stocks Free Fall Due Federal Reserve Interest Rates!
*3M Hits 12 Year Low at 9 Times Earnings, But Boosts Forward Guidance.
*Dallas Based Diaper Giant Kimberly-Clark Boosts Forward Guidance After 4 Strong Quarters.
*GE Boosts Profit Outlook Citing Surging Demand for Jet Engines.
*Coca-Cola Raises Outlook While Shoppers Tolerate Price Hikes.
*T-Mobile Also Raises Profit Guidance After Beating Q3 Estimates.
*Microsoft Nears All Time High Breakout with 27% Earnings Growth.
*Big Tech “Magnificent 7” Drops Over $200 Billion in Value.
*GM Scales Back Electric Vehicle (EV) Plans.
*Barbie Sales Soar, But Mattel Gets Pounded?
*New Home Sales Surge 12%, Highest in Over a Year.
*Texas Instruments 3 Year Low After a Tough Year.


Profit Report

*The Looming Government Shutdown November 17th?


Dow Jones Industrial Average Index (10/26/2020 – 10/26/2023)

– Courtesy of Bloomberg LP

Invesco QQQ Trust Series 1 (10/26/2020 – 10/26/2023)

– Courtesy of Bloomberg LP

GDP U.S. Personal Consumption Chained Dollars, Year over Year, Seasonally Adjusted (10/31/2003 – 09/30/2023)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Earnings Analysis by Sector (08/16/2023 – 11/15/2023)

– Courtesy of Bloomberg LP

U.S. NY Fed Equifax Flow Early Deliquency 30+ [Days] By Loan Type Percent Auto (06/30/1993 – 06/30/2023)

– Courtesy of Bloomberg LP

Generic Oil Futures Contract Spot Price (10/26/2020 – 10/26/2023)

– Courtesy of Bloomberg LP

Dow Jones Industrial Average Index (12/15/2018 – 03/15/2019)

– Courtesy of Bloomberg LP


Research Round Up!

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*Cohen & Steers: The Case for Infrastructure.
*Recurrent Midstream White Paper: Record Cash Flow Surpluses.
*AllianceBernstein: AI and Energy.

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