Comments from activist investor Carl Icahn’s suggesting that the market was headed for a major decline dragged the Dow and S&P 500 down from their record highs. Markets had opened higher largely due to optimism about the Fed’s continued support for its stimulus plan. Additionally, the Dow crossed the 16,000 mark for the first time. However, a late sell off […]
David Plouffe, 2008 campaign manager for Barack Obama, isn’t going to miss this opportunity. When the Dow Jones hit 16,000 for the first time Monday morning, Plouffe tweeted, “DJIA 6443 March 6 2009. DJIA 16000+ Nov 18 2013. That terrible socialist, @BarackObama.”The Dow Jones industrial average hit 16,000 for the first time this morning, and the Nasdaq began within 15 […]
When Nick Lemann’s New Yorker profile of SEC chair Mary Jo White came out, Felix took issue with this assertion:In 2000, the S.E.C. permitted stocks to be traded in pennies or fractions of pennies, rather than the customary eighths or thirty-seconds of a dollar. That made it easier for traders to make money by placing very large orders for very small variances […]
The Dow and S&P 500 hit new highs on Friday, notching up their sixth consecutive week of gains riding high on Federal Reserve chair nominee Janet Yellen’s recent comments supporting the Central Bank’s stimulus program. Shares of Exxom Mobil Corp. moved higher after Warren Buffett’s Berkshire Hathaway Inc. revealed that it had acquired an additional stake worth $3.45 billion in […]
With shares of Comcast (NASDAQ:CMCSA) trading around $47, is CMCSA an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:T = Trends for a Stock’s MovementComcast is a provider of entertainment, information, and communications products and services. The company operates in five segments: cable communications, cable networks, broadcast television, […]
The Dow and S&P 500 finished Thursday’s trading on new highs following Janet Yellen’s comments during her Senate confirmation hearing. Yellen suggested that the Federal Reserve’s soft monetary policy could continue until the economy shows signs of significant strength. A couple of economic reports were released yesterday. Initial claims slipped, declining for the fifth time in a row. Among the […]
DragonWave (NASDAQ:DRWI) announced the commercial availability of its 60 GHz technology in the Horizon Compact+ and Avenue Link product lines.GT Advanced Technologies Inc (NASDAQ:GTAT) Shares have gained 4.72% to $10.44. Over the last twelve months, the stock has gained 197.72% and past five days performance showed positive change of 6.09%. The stock daily volume was 7.22M as compared to average […]
The Dow and S&P 500 finished at record highs on Wednesday boosted by strong earnings result from Macy’s that sparked optimism about a strong holiday season. Also helping the mood were comments from Janet Yellen, ahead of her confirmation as the next Fed chairman. Yellen said there is “more work to do” to boost the economy and labor market. All […]
Editor’s Note: Todd posts his vibes in real time each day on our Buzz & Banter.Good morning from Minyanville East, where I’m settling in after a stretch of some much-needed balance. I was off the grid in Cuba at the end of last week — someone is going to make a lot of money when the embargo is lifted — […]
