Benchmarks were little changed on Tuesday as investors hardly found any reason to place big bets. The day was devoid of any major news that could move the markets significantly on either side. Trading volumes were light and the bond market was closed due to the U.S. Veterans Day holiday. However, the S&P 500 and the Dow posted modest gains […]
Think about this for a moment. The stock market is comprised of thousands of companies doing business in the economy. Therefore, it only makes sense that the value of the stock market should be a reflection of the economy. As the economy ebbs and flows, so should the values of the companies that are operating within it. This idea can […]
Financial MarketsChina stocks surged and led the most of Asian shares higher on Monday, after regulators announced a long-awaited stock trading link between Hong Kong and Shanghai will start next week. The Shanghai Composite Index advanced 2.3% to the highest level since November 15, 2011, while the Hang Seng Index gained 0.8%. The so-called Stock Connect trading scheme will allow […]
Benchmarks were little changed on Friday after reports that the U.S. nonfarm payroll employment increased at a slower pace than expected, while unemployment rate declined to a six-year low. The S&P 500 and the Dow posted marginal gains, which were enough to help them settle at record highs for the third consecutive session. On the other hand, the Nasdaq failed […]
Here is an Elliot Wave technical analysis on EUR/USD from Goldman Sachs for the week ahead (report dated 07 November 2014).—EURUSD has met its minimum target for a 5th wave…The minimum target for wave 5 of 5 from May comes in at 1.2395; the low has been 1.2358
This level is a 1.00 multiple of wave 1 and, if held as […]
It was all about earnings last week with several biotech companies reporting third quarter results. While it was a “beat and raise” quarter for quite a few companies, some companies narrowed their outlooks for the year.Recap of the Week’s Most Important Stories1. Companies like Celgene (CELG – Analyst Report), Biogen (BIIB – Analyst Report), Alexion (ALXN – Analyst Report), Cubist […]
That bright neon sign you’re looking at are biotech stocks flashing, “Buy me!”So put down your morning joe. Go ahead, do it. And ignore all incoming e-mail for the next few minutes. Because the biotech breakout has arrived — and it can make you a bundle over the next few months.That’s right. Forget about this month’s stock roller-coaster ride. Yeah, sure, it […]
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What a difference a week makes. In the throes of the worst of Wall Street’s turbulence, news of an Ebola diagnosis in New York City might have been enough to send stocks right off the rails and shares of biotech and biohazard protection stocks soaring.That wasn’t the case Friday though, as the market took news of a […]
NEW YORK (CNNMoney) — Worried about a stock market bubble? Morgan Stanley sure isn’t.In a compelling 27-page report released on Tuesday, the investment bank said the S&P 500 could surge to 3,000 by 2020. That’s a pretty big leap considering the index only topped 2,000 last week.Their reasoning is that the economic recovery isn’t even close to being over.“We believe […]
SEOUL, South Korea (AP) — Asian stock markets rose Wednesday, lifted by new signs of strength in the U.S. economy and expectations that Europe’s central bank will provide more support to the flagging region.KEEPING SCORE: Japan’s Nikkei 225 rose 0.8 percent to 15,798.52 and Hong Kong’s Hang Seng advanced 1 percent to 24,990.16. Australia’s S&P/ASX 200 inched up 0.1 percent […]
