Business News

Two Trading Days left in April

Two trading days left in April, and the S&P 500 is on track for its fifth positive month out of the past six, and the Nasdaq is on track for its sixth consecutive monthly gain. (CNBC)

We hear a lot about the tightening labor market and pressure on wages. One company, Tyson Foods is considering raising wages for its poultry plant workers, on top of a 3% to 3.5% wage hike that it gave workers in November. (CNBC)

Trump's tax plan is just the start of negotiations. The Trump tax plan includes a 15% corporate tax rate, a 10% rate on repatriated profits, and a 15% maximum rate for pass-through businesses. Tax reform could boost S&P 500 corporate profits meaningfully, potentially by 5% or more beginning in 2018. (LPL Research)

The farm and ranch oriented Tractor Supply posted a first-quarter profit of $60.3 million or 46 cents per share. The company had revenue of $1.56 billion in the period. Tractor Supply shares are down 14% in 2017. (AP)

Under Armour posted its first-ever loss of $2.3 million or 1 cent per share. Revenue was $1.12 billion up 7% from last year. (CNBC)

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

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