Investors in Lumber Liquidators (NYSE:LL) are hitting the roof, as there appears to be no floor to how low the hardwood-flooring firm will fall. Its stock, fresh from yesterday’s 8.06% implosion, is tumbling another 20.49% even as we speak. This, after the company pre-announced awful Q2 earnings that included a shocking 7.1% slide in its same-store sales.
October is hands down the single scariest […]
By the time the second quarter was complete 2014 was in the process of being transformed from a flat year for risk assets and a strong year for fixed income into a much more encouraging year for the former and perhaps less so for bonds. Indeed if the SPX index were to simply replicate its first +6.05% half performance the […]
If you want to book consistent gains trading stocks, you have to know where the money is flowing.Right now, if your cash is tied up in consumer staples and industrial names, you’re doing it all wrong. These aren’t the stocks that are outperforming the S&P 500. You’d be better off buying an index fund and spending the rest of your […]
Benchmarks ended Wednesday’s listless trading session little changed despite upbeat private sector hiring numbers. Investors refrained from betting ahead of the nonfarm payroll data for June that is scheduled for release on Thursday. Investors also kept an eye on Federal Reserve Chairwoman Janet Yellen’s comments on financial stability.For a look at the issues currently facing the markets, make sure to […]
Will Overseas Stock Market Volatility Hit U.S. Shores?Stock-Markets / Stock Markets 2014Jul 02, 2014 – 11:59 AM GMTBy: Clif_Droke
While the U.S. indices have been mostly upbeat, most of the action has been in Europe. Stocks across several European exchanges were hard hit last week as investors overseas panicked over a slate of negative news – […]
Technology and small-cap stocks ensured a positive finish for benchmarks on Friday. However, gains were kept in check following a drop in DuPont’s stock. Shares of the company declined after it cut its operating profit forecast for the second quarter and the full year 2014. Markets also received positive economic data on consumer sentiment. Benchmarks had a mixed finish for […]
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On the very day he was banned from fútbol for four months, Luis Suárez had to endure the additional ignominy of seeing his Liverpool shirt sponsor Standard Chartered (LON:STAN) slump some 4.33%. The British banking behemoth fell sharply following a first-half profit warning.
Ironic, on a day a company called Iron Mountain (NYSE:IRM) surged 20.05% to top the S&P 500 Index (INDEXSP:.INX) and GoPro (NASDAQ:GPRO), whose cameras have […]
Benchmarks ended in the red on Tuesday following a late selloff primarily due to mounting tension in Iraq. The blue-chip index suffered its biggest drop in over a month. The S&P 500 settled in negative territory after touching an intra-day all time high of 1968.17. The day’s initial gains, largely a result of encouraging home sales data and an improvement […]
Source: Getty ImagesI’m relatively bearish on IBM (NYSE:IBM) shares. The company has been a major disappointment over the past couple of years, and this is reflected in the company’s stock price, which has been topping out. I think that in the longer term, we can see further downside in the stock, and for the time being, I don’t think that […]
