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2,100 Points and Beyond?!

2,100 Points and Beyond?!

Markets were able to capture a 7th week of gains in a row. But they are starting to slowdown, with major averages seeing smaller day-to-day moves as trading declines, but investors are inclined to retain a bullish view, particularly after strong jobs data. We got the report that 323,000 new jobs were added to the economy in November, which was the strongest monthly rate…

Black Friday Madness

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The S&P 500 and the Dow Jones closed up on Wednesday, respectively recording their 47th and 30th highs of the year.

The going bet is that stocks will continue to ride the wave higher until the start of next year, though the bond market is throwing a party of its own, which could ultimately send the stock market sliding. Though we foresee the stock market…

Wall Street Closes Tomorrow for Turkey Day!

Wall Street Closes Tomorrow for Turkey Day!

  Wall Street stocks ended only slightly changed on Tuesday, with Gross Domestic Product (GDP) figures pointing to the U.S. economy having grown at a faster than anticipated pace, though a first – and disappointing – reading on Consumer Confidence and apartment prices kept indexes in a narrow trading range. Third quarter GDP came out stronger than…

Black Friday? Wall Street is Already Reeling in the Money!

Black Friday? Wall Street is Already Reeling in the Money!

Stocks rose on Monday on the background of the hope that China will exercise further monetary easing measures in the event necessary, while Wall Street merger and acquisition (M&A) activity injected market players with optimism – even with sub-par trading volumes.

What also contributed to the bullish sentiment on Wall Street was the…

Inflation Figures: The Market’s Wild Card

Inflation Figures: The Market’s Wild Card

The American stock market was lurched back and forth in Wednesday’s trading, after the minutes from the latest Fed meeting didn’t provide investors with enough clarity about the timing of the first interest rate hike in the American economy. It looks like the voices amongst the Fed’s bankers calling for a rise in the interest rate are continually growing…

The Sun Sets in the “Land of the Rising Sun”

The Sun Sets in the “Land of the Rising Sun”

The S&P 500 scratched out marginal gains and reached a new all-time high – its 43rd year to date – while merger and acquisition activity amounting to $100 billion offset concerns from overseas about Japan, which officially slid into recession. The stock of Baker Hughes Incorporated (BHI) soared 8.9% and Allergan (AGN) climbed 5.3%, together giving the…

Gilead Sciences (GILD)

Our weekly deal this week is Gilead Sciences (GILD) which closed on Friday at the price of $102.06. We can place a protection order beneath the price of $95. Investors with experience will wait for the more precise placement of the protection order, only after the stock produces a new low. We’re expecting a surge in the stock that could take it back to the $116.83 level.

Gi…

Are Restaurant Stocks Whetting the Appetite of Investors?

Stocks are set to continue their upward trek higher this coming week, energy stocks and the American consumer remaining the focal points both for the economy and the stock market. A significant current of economic news, including inflation figures, real estate market figures and 2 core Fed surveys will occupy the economic diary this coming…

Retail Sales Figures reveal the truth!

Retail sales are about to reveal the truth about cheap gas!

Investors Exercising Caution

U.S. stocks fluctuated on Thursday after the S&P 500 and Dow rose to records, with energy companies slammed as the price of oil fell, countering upbeat earnings from the world’s largest retailer and data showing jobless claims holding at a 14-year low.

Friday:Whether consumers really are being helped by…

Retail sales are about to reveal the truth about cheap gas!

Investors Exercising Caution

U.S. stocks fluctuated on Thursday after the S&P 500 and Dow rose to records, with energy companies slammed as the price of oil fell, countering upbeat earnings from the world’s largest retailer and data showing jobless claims holding at a 14-year low.

Friday:Whether consumers really are being helped by…

Time Out!

The Dow Jones and S&P 500 indexes ended the trading day on Wednesday lightly down, taking a time-out and halting a 5-day winning streak, which saw a new all-time high on each and every consecutive day. Energy and service stocks lost altitude, weighing yesterday on market activity. The NASDAQ succeeded in salvaging gains at the end of the day. In summary for the day, the S&P 500 dropped…

光棍节 Double Seventh Festival- Chinese Valentine’s Day!

光棍节 Double Seventh Festival- Chinese Valentine’s Day!

Trading volumes yesterday, as expected, were low on the background of Veteran’s Day which was commemorated yesterday in the United States. The day was quiet, the bond market closed for trading and the leading stock indexes capping off the day without any significant change.

Alibaba (BABA) ended the trading day slightly down despite Chinese…

Stocks’ Fill Up on Gas!!

Stocks Fill Up On Gas!

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Wall Street indexes continued to rally and conquer new highs on Monday, the S&P 500 closing at a historic high for the fourth consecutive trading day, led by transportation and health sector stocks. The transportation sector (IYT) soared 1.3% and closed at a historic high of its own, the train and airline industries propelling it higher. Among the sector…

The Burden of Proof is on the Stock Market!

The Burden of Proof is on the Stock Market!

The burden of proof now falls on no other than the stock market, which needs to persuade market players that the new highs achieved at the end of last week are justified. The Dow Jones and the S&P 500 ended last week at historic highs on the background of expectations that economic figures will continue to provide support for market gains – and that the…

Week Ahead: Retail In Focus

Next week will be a busy one for both earnings data as well as economic releases.

Markets will also be keeping an eye on the US government as Congress reconvenes for its first session after the mid-term elections.

Tension between Republicans and Democrats in Washington following the vote have many worried about political instability as President Obama will have quite a…

Investors Embrace Election Results!

Investors Embrace Election Results!

Wall Street stocks ended up on Wednesday, bringing both the Dow Jones and the S&P 500 to new historic highs, after the Republican Party took control of the Senate, removing concerns about a potential standoff, and raising hopes among investors for a friendlier policy towards businesses in general and more specifically, energy and health companies. On the day,…

Hole in the Oil!

Hole in the Oil!

Oil prices could have a hard time finding a floor after Saudi Arabia trimmed prices in the face of growing North American oil production. The market took the price cut this week as another sign the kingdom is willing to use pricing as a lever to preserve its market share, rather than cut production in what is now an oversupplied market. Even if it was not the intention, some…