More Negatives than Positives, but…Posted by Joe Fahmy
on August 9th, 2015
Share on StockTwitsPart of my investment philosophy is to look at the positive and negative signs in the market and adjust my investment levels accordingly. It is important to keep an open mind when doing this. Don’t get too caught up in what “you think the market should be doing.” […]
For June 29, 2015, here’s a look at why the stock market is down today a whopping 350 points – the biggest fall since June 2013.DJIA, S&P 500, Nasdaq Closing Numbers:Dow Jones: 17,596.35; -350.33; -1.95%S&P 500: 2,057.64; -43.85; -2.09%Nasdaq: 4,958.47; -122.04; -2.40%The DJIA today cratered 350 points as traders sold on fears that Greece may default on its debts.The nation […]
EBay’s spinoff of its payments business PayPal is scheduled to be completed on July 17, the company announced today, with PayPal beginning regular trading on the Nasdaq Stock Market on July 20. EBay shareholders will receive one share of PayPal for every share of eBay they own. EBay, excluding the PayPal business, registered 10 percent more revenue than PayPal in […]
Disclosures:Tim SeymourTim Seymour is long AAPL, T, BAC, C, DIS, F, GE, GM, GOOGL, INTC, KORS, SUNE, Tim’s firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, YHOO.Pete NajarianLong AMAT, AAPL, BABA, BAC, BMY, BP, CSX, DISCA, DKS, FOXA, GE, KKR, KO, LLY, MBLY, MRK, PEP, PFE, he is long calls AAL, AAPL, BBY, BMY, C, COP, DAL, EBAY, EEM, […]
Etsy priced its shares at $16 ahead of its Thursday Wall Street debut for the online marketplace known for handicrafts and strong social values.
The share price valued Etsy at $1.78 billion and promised to raise about $267 million for the Brooklyn, New York-based firm.
The stock is set to trade on the Nasdaq market Thursday under the symbol “ETSY.”
Etsy was founded […]
Eight of nine sectors moved higher on Monday…XLI, XLV and XLY were the strongest sectors andXLE was the weakest.Breadth strengthened as advancers led decliners 1.11 to 1 on the NYSE and weakened on the NASDAQ 1.24 to 1.Monday – strengthened, advancers ledSPY up .86 at 208.36 on 89.8 million shares, below average volumeVIX down .14 at 15.06…TNX down .45 at […]
Benchmarks turned positive for the year on Thursday after ECB announced a large-scale bond buying program to revive the near-stagnant Eurozone economy. The European Central Bank (ECB) announced a quantitative easing program worth about 1.1 trillion euros to address the risks of deflation in Eurozone. Additionally, upbeat quarterly results by banks and transportation companies boosted investor sentiment. The S&P 500 […]
Three of nine sectors moved higher on Wednesday…XLU, XLV and XLI were the strongest sectors and XLE was the weakest.Breadth was mixed as decliners led advancers 1.06 to 1 onthe NYSE and advancers led decliners 1.42 to 1 on the NASDAQ.Wednesday – mixed, mixedTuesday – mixed, advancers ledMonday – strengthened, advancers ledFriday – weakened, advancers ledThursday – weakened slightly, advancers […]
A few days ago we posted an updated look at the Nasdaq Internet group, which tanked in March and April but has found its footing over the last few months. Below we take a look at the 30 largest components of the Internet group by running them through our trading range screen. (Give us a call at 914-315-1248 to learn […]
Positive economic reports propelled benchmarks to record highs on Thursday. Economic data on manufacturing, existing home sales, initial claims and leading economic indicators all came in positive. The four-day rally in S&P 500 boosted it to a record close. While Nasdaq closed at its highest level since Mar 31, 2000, Dow closed at the best level since Jul 24. Investors […]
