Energy
US stocks were quietly firm on Wednesday expecting less bad employment data on Friday following the ADP report projecting 42,000 in private sector job growth. Earnings reports were mixed and trading volumes were low. In the news, the IRS announced that it will overhaul its large business and international division in a shift [...]
The Dow Jones is down over 260 points today after it increased by 150 points yesterday? Today’s decline is due to the Euro’s inability to rally against the U.S. Dollar on the news that the European Community’s central bankers and economic ministers over the past weekend came up with a solution to prevent a debt [...]
The collapsing Euro will drive the U.S. stock market to new lows. Investor’s concerns about the sovereign debt of the PIIGS (Portugal, Ireland, Italy, Greece and Spain) has caused a sharp and sudden sell off in the Euro against most of the other major currencies and most especially the U.S. Dollar. Since hitting its 2009 [...]
She is one of the few bank analysts, which had sell ratings on all of the banks before they declined significantly in 2008. Her argument is that banks are ill prepared for an unemployment rate of 10%.
“No bank underwrote a loan with 10 percent unemployment on the horizon,” Whitney said. “I think there is no [...]
The Dow followed through on Tuesday by adding 24 points to to Monday’s gains. DD, DIS, GE, HD, INTC, MRK and PG all up by more than 1%. Only two down stocks down by more than 1% were T and TRV.
After Intel last night reported sharply higher revenue and profits than had been estimated by [...]
Several retail stores reported their monthly same store sales results as compared to June of 2008 this morning. All were down significantly and only one reported a decline, which was better than what analysts had been forecasting.
That Costco was the only one to beat expectations is very telling because the company is known for [...]
Dow 30 Industrial composite up 14 points yesterday. 19/30 Dow components up on the day. The big gainers up more than 1%; BA, HD, HPQ, JNJ, MRK, PG, WMT. Losers led by DIS, GE, INTC, T and VZ all down by over 1%.
Several retail stores reported their monthly same store sales results as compared to [...]
I have submitted an article, which is scheduled to be published in Equities Magazine’s July 2009 issue. The article covers an industry group out of the 216 that I follow. I am recommending every company in the industry, which has a market cap in excess of $10 million. This is the only industry in which [...]
Dow up 195 points on the best consumer confidence data since 2003. The best since 2003. and only Dow stocks down. Leaders AA, HD and all up by more than 4%. traded down to as low as $1.12, rebounded to above $1.80 and closed at $1.44. GM current shareholders to get 1% of company.
29/30 Dow stocks up and only T down. Dow led by AXP, JPM, C, BAC, GM and HD. Again, the financials are leading the narrow charge.
Information from Lowes (LOW) conference call covering its earnings announcement led the move up on the Dow. LOW says numbers better than [...]
Written by Richard Suttmeier on
August 5, 2010 – 2:32 pm
