Markets ended in the red for the second consecutive day following Fed Chair Janet Yellen’s comments that stock valuations are “quite high”. Yellen warned investors of potential dangers they may face due to high equity valuations. Meanwhile, weak private sector hiring numbers added to the bearish sentiment. The soft numbers came in ahead of the much awaited non-farm payrolls report […]
The main theme of the year so far has been the volatility in the tech stocks, with may high fliers dropping overnight, including the biotech darlings of the last few years. The money seems to be rotating into the materials. The possible reversal of the US Dollar strength along with firming in the price of energy has contributed. I have […]
A record 3.3 million people signed up to ride China’s dicey stock market last week – Quartz
Room for everyone.(Reuters/Will Burgess)
SHAREWritten byRichard MacauleyObsessionChina’s TransitionApril 24, 2015The surging stock markets in both mainland China and Hong Kong in recent weeks have drawn plenty of people to suggest that, when something rises so fast, it can only end badly. If the sheer volume […]
Benchmarks finished Tuesday’s trading session mostly lower following a mixed bag of earnings reports. While, a handful of discouraging quarterly results dragged the Dow and the S&P 500 down, the Nasdaq bucked the trend banking on a new deal in the biotechnology sector.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall […]
Benchmarks ended higher on Monday following China’s stimulus measures and upbeat earnings results. China’s central bank’s announcement that it would trim its reserve requirement ratio to boost lending and combat slow economic growth was welcomed by investors. Meanwhile, positive first quarter earnings results from Morgan Stanley, Halliburton and Hasbro also added to the bullish sentiment.For a look at the issues […]
But 53 percent of companies have so far missed their revenue forecasts. The industrial sector could come under special scrutiny in the coming week because of high-profile revenue misses Friday by both General Electric and Honeywell.”I think you’ll continue to see a pullback, and I think the industrial angle is going to be a good one because industrials are going […]
Biotech Sector Moves Up In Tiny Steps
Risk Remains On
AACR Next Week Will Move Cancer Stocks
Biotech indices and ETFs are trying to hit new highs but momentum is easing and trading is choppy. Nonetheless we are moving up from the brief correction near channel lows at the end of Q1. Sentiment remains strong.
Here is a review of the Five Trends we […]
Benchmarks ended higher on Wednesday following rise in oil prices and upbeat earnings results. While, energy shares gained as domestic crude oil price closed at the highest level this year, investors cheered mostly positive first quarter earnings results. Meanwhile, European Central Bank’s decision to keep interest rates unchanged while continuing with its asset purchasing program added to the bullish sentiment.For […]
Benchmarks finished mostly in the green on Tuesday, banking on gains in energy shares which were powered by a rise in oil prices. However, the Nasdaq settled in the red due to overall weakness in the technology sector. Meanwhile, investors remained focused on mixed earnings results and weaker than expected retail sales.For a look at the issues currently facing the […]
Benchmarks ended Monday’s trading session in the red as investors feared a stronger dollar and weaker oil prices may affect first quarter earnings results. Investors were also apprehensive about the timing of the Federal Reserve’s decision to hike federal funds rates.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe […]
