« This CEO says it all. »

Traders,

Earnings announcements and their accompanying conference calls provide analysts and anyone who cares about the economy’s health loads of new data to update their models and forecasts. When the CEO steps up to the mic to give shareholders an update on the current climate, it’s enlightening.

Here’s a four-point recap from Royal Philips NV (PHG) CEO from the company’s latest quarter, courtesy of Bloomberg:

• Philips CEO says supply-chain situation worsened in September
• Philips CEO says there’s a shortage of semiconductor chips and ships
• Philips CEO says could not fully deliver ‘massive’ order growth
• Philips targets cost cuts amid persisting labor-cost inflation

Talk about a spot-on summation of all that ails companies right now. Supply-chain bottlenecks are leading to longer lead times to get products, ultimately leading to less revenue. If that weren’t enough, the chip shortage and lack of sufficient ships to transport needed inputs across the globe adds further drama. Fortunately, this is not a demand issue. Cash-rich businesses and consumers are creating plenty of demand for goods and services. Finally, labor is getting more expensive. Workers have the upper hand, and the competition to find and retain them is heating up.

These are the types of takeaways that listeners can glean from listening in on quarterly conference calls. But, of course, if you’re pressed for time, you can always catch the headlines and our commentary on the Halftime Report.

#TeamTackle

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Trading for Beginners: A Beginners Guide to Options [Webinar Replay]

If you missed yesterday’s YouTube Webinar with Coach Tyler Craig, check it out here. Options for beginners? Come this way, please. Enlightenment awaits.

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Tales of a Technician: Record Highs and Nonlinear Stock Market Returns

The S&P 500 closed at a record high today. That means yet another correction has come and gone without derailing the bull. From peak to trough, SPY fell 6% over just over 30 calendar days. For what it’s worth, the recovery took less than 20 days.

Who says stocks fall faster than they rise!?

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