« 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

---

Chart of the Day

The Bull Market Lives On

Yesterday saw the S&P 500 breakout to a new record high. If you haven’t already, stick a fork in the correction. It’s over.

---

Video of the day

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.

---

Today’s line up

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!?

Traders Lounge 11 PM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show 8:30 PM EST

This is our weekly MasterMind group. Join the coaches tonight, 8:30 PM EST to discuss the markets and help you prepare for the week.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.

---

Financial freedom is a journey

Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.

---

Legal Disclaimer

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.