NEW YORK (AP) — Netflix soared, big corporations turned in quarterly results, and investors welcomed new companies into the market. There was plenty of news, but major indexes finished the day just short of where they started.Stocks drifted lower at the start of trading, followed oil prices higher in the early afternoon, then flipped back to slight losses in the […]
NEW YORK (AP) — Netflix soared, big corporations turned in quarterly results, and investors welcomed new companies into the market. There was plenty of news, but major indexes finished the day just short of where they started.Stocks drifted lower at the start of trading, followed oil prices higher in the early afternoon, then flipped back to slight losses in the […]
Benchmarks posted modest gains on Thursday helped by gains in energy shares due to rise in oil prices. The day’s gains were limited as investors remained concerned about first quarter earnings results. A stronger U.S. dollar may negatively impact multinationals’ earnings results while overall weakness in oil prices will weigh on energy shares. Meanwhile, the first quarter earnings season kicked […]
Benchmarks ended the holiday-shortened week on a positive note following encouraging initial claims report. Jobless claims declined to a nine-week low last month. Upbeat report on jobless claims raised hopes among investors for a positive nonfarm payrolls report that was to be released on Friday. Markets were closed on Friday for Good Friday holiday.For a look at the issues currently […]
Benchmarks ended the first trading session of the second quarter in the red on weak economic data. Both private payrolls and manufacturing data were weaker than anticipated. The S&P 500 closed below its 50-day moving average, with 7 out of 10 S&P 500 sectors ending in the red. The Dow also witnessed more than two-third of its 30 components ending […]
Wall Street on Friday closed higher for the first time in a week, lifted by rising tech stocks, while oil prices slumped 5 percent on receding fears about Middle East fighting disrupting supplies.U.S. Treasury debt prices jumped on government data indicating U.S. economic growth was slowing and the dollar was down, while gold had its first losing day after a […]
The bad news is that we just finished lower for a fourth-straight session. The good news: Hey, at least the market didn’t just add another black crow to the flock. Not the “She Talks to Angels” kind. Rather, the kind that pecks away at positions.Here’s how it works: After a decent stretch, the S&P SPX, +0.24% started with three trading […]
Quick note from Blain: US Investing Champions Mark Minervini and David Ryan (read my review of the workshop) are doing a webinar tomorrow (Wednesday) at 4:30 PM EST. Pretty rare, in fact this is the first one they’ve ever done together. Here’s the link to sign up if you’re interested. I’ll be tuning in myself.Inflation data caused a bit of […]
We hate to spoil the surprise, but the answer, as clearly shown by the first blue bar on the chart below, is Energy, and specifically the ridiculous valuation that energy companies are currently trading at. Why? Because as the following Factset chart shows, the forward P/E of the energy sector is currently 27x – an all time high – and […]
Benchmarks snapped two-day losses to end in the green on Thursday as mixed economic data reduced fears about sooner-than-expected rate hike. Moreover, mixed economic data put the brakes on dollar rally yesterday. Meanwhile, financial stocks posted solid gains after Fed’s stress tests. However, decline in energy shares following oil price slump limited some of yesterday’s gains. The Dow and S&P […]
