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The Weekly Skim for Investment Professionals & Financial Advisors
Issue WK5 - 1.28.19 
On Deck: 500+ Companies Set to Report Earnings this week 

This week more than 25% of S&P 500 companies are scheduled to report earnings. In addition, four of the five most valuable tech companies in the world will report: 

Apple (AAPL) 
Amazon (AMZN)
Microsoft (MSFT)
Facebook (FB)

Thus far, about one-fifth, or 112, of the S&P 500 companies have reported already, with the majority topping analysts’ earnings estimates: 72.3% of companies have reported above analyst average estimates, according to data from Refinitiv.

Other key events that could drive the market higher or lower depending on the outcome is the next round of U.S.-China trade talks scheduled for this week and economic reports such as GDP. 

By Friday, 44% of the S&P 500’s companies (and 77% of the Dow Jones Industrial Average’s 30 companies) will have reported. 
The government shutdown cost the economy $11 billion.

According to a new analysis from the nonpartisan Congressional Budget Office, the costs primarily were attributed to lost output from federal workers, delayed government spending and reduced demand.

companies stepped up to help? 

Paypal committed $25 million to provide interest-free cash advances to federal workers last week.
More States Advance Their Own Fiduciary Rules

Nevada is likely to be the first state to adopt a fiduciary rule, possibly by year-end, according to Andrew Remo, director of legislative affairs at the American Retirement Association. 

Read more on ThinkAdvisor
RIA Space, Still Hot. 

The independent and hybrid RIA channel has increased its advisor count to 63,000, up 21% in the past five years, according to industry research firm Cerulli Associates. During the same time frame, the number of RIA firms grew from approximately 15,500 to nearly 17,000, according to Cerulli. 

Read More on InvestmentNews
Read Past Newsletters
Have a great week! 

- Timothy Hooker, AIF® 
Founder of the Digital Wealth Planner

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Copyright © 2018  Digital Wealth Planner,
Published by Hooker Digital LLC

All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from the publisher. Information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated and there is no obligation to update any such information. Hooker Digital LLC is committed to protecting and respecting your privacy. We do not rent or share your email address. Any investment ideas, theories, or trends shared in this letter should not be taken as personal advice or advice for your clients. The securities mentioned are not recommendations to buy, sell or trade, please consult with your individual investment advisor and only after reviewing the prospectus or financial statements of the company should you make a decision. 

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