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It is the unofficial last week of an excellent earnings season. With just 28 S&P 500 companies left to report results, S&P 500 earnings growth for the first quarter is tracking to a very strong +15.2% year-over-year increase, +11.1% excluding energy. Technology jumped ahead of financials and materials last week into second place in the earnings growth rankings (energy is first). (LPL Research)

Amazon is offering live television channels on its platform in Europe as it steps up its push into broadcasting and challenges traditional networks. Today, Amazon holds its annual shareholder meeting in Seattle. (Financial Times)

SolarWorld Americas has filed a layoff notice for its Hillsboro solar panel factory. The German parent company is now insolvent. All the current 800 workers could lose their jobs. The Worker Adjustment and Retraining Notification Act requires companies with 100 or more employees to notify affected workers 60 days prior to closures and layoffs. (PBJ)

AutoZone reported quarterly profits rose to $331.7 million, or $11.44 a share from a year ago. Domestic same-store sales declined 0.8%. The stock has tumbled 16.5% year to date. (AP)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.
 

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Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.