Published on: April 21, 2023

NetWorth Radio Advance Report - April 24, 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 April 24, 2023.

Advance Report

Radio Show

Q: What might earnings season tell investors so far this year?
A: The McGowanGroup’s research below compares S&P 500 companies’ performance.
Q: Over the last 90 days what companies have performed the best in the equity markets?
A: We have included a recent Top 10 and Bottom 10 of companies in the S&P 500 Index below.
Q: What could current copper prices tell investors about the global economy?
A: Recent elevated prices can indicate robust global demand.
Q: What are some of next week’s important announcements for investors?
A: Stay tuned for a fast-paced headline round up from McGowanGroup Wealth Management!
Dow Jones Industrial Average (12/30/2022 – 04/21/2023)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2023 – 05/15/2023)

– Courtesy of Bloomberg LP

NASDAQ 100 Index – Quarterly Earnings Analysis by Sector (02/16/2023 – 05/15/2023)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Top 10 and Bottom 10 Companies (04/21/2023)

– Courtesy of Standard & Poor’s & The McGowanGroup


Headline Round Up

*A Few of Next Week’s Important Announcements For Investors!
*Tesla Reports 24% Decline in 1st Quarter Profit with Price Cuts.
*Homebuilder Sentiment Increases For the Fourth Month In a Row? Housing slowdown not as bad as expected?
*New Home Builder’s Currently Winning as Buyers Prefer New.
*America’s Homebuilder, DR Horton, Inc., Hits All Time High Despite Housing Slowdown?
*U.S. Housing Starts in Decline.
*Life Insurance Companies Halt Loans to Office Buildings as Massive Debt Comes Due.
*Brookfield Corp. Defaults on $161 Million in Office Building Debt.
*10 Year Municipals Most Expensive to Treasuries Since 2021.
*OPEC Sees Oil Demand Climbing This Year. IEA Forecasts Record Demand in 2023 Driven By Chinese Consumption.
*World’s No. 3 Oil Services Provider, Baker Hughes. Co., Reports Huge Earnings Gain & Forecasts Decades Long Boom in Natural Gas Demand Growth.
*Rising PetroYuan and End of the PetroDollar? Chinese Yuan Denominated Oil Futures Contracts by Shanghai International Energy Exchange launched in 2018!
*UBS Loves ExxonMobil, Corp. & Upgrades Rating.
*Clean Energy Projects Explode to $150 Billion in Just 8 Months as Federal Incentives Propel Construction.
*U.S. Manufacturing Projects Set to Explode with $200 Billion in Commitments From Companies Following Passage of IRA and CHIPS Acts!
*China’s Economic Growth at 4.5%,Year on Year for the 1st Quarter, vs. Forecasted 4%.
*Record U.S. Air Travel Projected Through the Summer!
*BNY Mellon Corp. Reports Huge Revenue and Profit Gains in the 1st Quarter.
*Dallas Based AT&T Falls 10% in One Day Reaching 1995 Price?
*Washington Commanders Sold For $6 Billion.
*Republican Study Committee Chairman, Kevin Hern, Urges Colleagues to Pass Debit Ceiling Legislation by End of April?


Profit Report

  • The power of surplus cash flow during a great avocation phase according to The McGowanGroup.


Research Round Up!

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*PIMCO: Growing Demand, Tight Supply for Commodities in 2023.
*Cohen and Steers Infrastructure Investing for Potential Above Average Returns Including Energy. 

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