Biotech stocks surged nicely Tuesday with the iShares Biotechnology ETF rallying more than 2 percent.For the most part, biotech stocks have performed very well over the last month and even the last year.That performance can be seen quite well with names such as Gilead Sciences, Illumina and Vertex Pharmaceuticals all having hit new highs within the last 30 days.However, not […]
All nine sectors moved higher on Tuesday…XLV, XLB and XLI were the strongest sectors while XLE was the weakest.Breadth strengthened as advancers led decliners…1.53 to 1 on the NYSE and 1.52 to 1 on the NASDAQTuesday – strengthened, advancers ledMonday – weakened, decliners ledFriday – strengthened, advancers led NYSEThursday – weakened, decliners ledWednesday – strengthened, advancers ledSPY up 1.18 at […]
Morningstar.comJeremy GranthamYou could argue that Jeremy Grantham is bullish.In a new quarterly letter to GMO clients, the gloomy veteran fund manager predicts the S&P 500 could see another 10% surge from the 2,041 level we’re at today.”My personal fond hope and expectation is still for a market that runs deep into bubble territory (which starts… at 2250 on the S&P […]
Thomson ReutersHong Kong Exchanges and Clearing Ltd. Chairman Chow Chung-kong and Hong Kong Chief Executive Leung Chun-ying smile after hitting a gong during the launch ceremony of the Shanghai-Hong Kong Stock Connect in Hong KongSee AlsoThe Weekend Is Over, And Japan Is Going DownA 24-Year Old Streak In The Korean Auto Market Has EndedEconomists React To Japan’s Awful GDP ReportSHANGHAI […]
TraderFeed: A Quick Update on Stock Market Strength
A Quick Update on Stock Market StrengthMy recent post suggested that we were seeing diminished strength in the U.S. stock market, but not distinct signs of weakness. Above we see three charts that update the view on market strength.The top chart tracks the number of common stocks across all exchanges that have made […]
WASHINGTON — Without QE, will the stock market tank? Count me a skeptic.QE refers to “quantitative easing,” the Federal Reserve’s multitrillion-dollar program of bond buying that is now ending. I recently devoted a column to whether QE worked as intended. The short answer is that we don’t know. The idea was that by buying bonds the Fed would inject money […]
View gallery.With the help of an almost vertical rise in the overall stock market, most industries within the market have also performed very well. As they say, “a rising tide raises all ships.”Some industries, however, have performed better than others. For example, airlines and railroads have been the two top-performing industries, while gold miners have been the worst.Another industry that’s […]
In China, children have their hair cut on the second day of the second lunar month of the year, all for good luck. Superstition and the search for luck are part of human nature, as any investor soon finds out. Photograph: Zhang Duan/REX/Zhang Duan/REX
Every so often there’s an investor who has staying power– people like Warren Buffett or Peter Lynch […]
Stocks nudged higher on Monday, lead by a recovery in the biotechs. Trading volume eased a bit, taking some punch out of the move. Leading stocks outperformed slightly, but remain in their holding pattern. This group, of late, has been generally opening strong and then fading as the day goes on. I did notice some mild pickup in these shares […]
REUTERS/Heino KalisStock market bulls are back in control.Something has changed in the stock market. In early October, bond yields fell, stocks dropped, and people began throwing out comparisons to the violent stock market crash of 1987. But since the October 15 bottom, stocks have rallied back to new record highs, but the reasons why make Bank of America Merrill Lynch strategist Michael […]
