Archive for category: Market Commentary

Anticipating The Fed

Anticipating The Fed

Friends It was a rather mixed and confusing day in the stock market. Fueled by an impressive Case-Shiller report indicating that home prices are still on the rise nationwide, stocks got off to a nice start with the Dow sporting a 50 point gain in early trading. By midday,...

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Setting Up For A Busy Week

Setting Up For A Busy Week

Friends Today’s pending home sales numbers indicated that rising home prices and rising mortgage rates are beginning to curb the sales of existing homes in the U.S.  That number along with a weaker than expected Dallas Fed Manufacturing Survey number contributed to a negative tone to trading as the week...

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Mixed Earnings Results

Mixed Earnings Results

Friends Traders were trying to determine where to take their cues today as the domestic economic news was good (durable goods number better than expected and the weekly jobless claims about in line), but the earnings parade was somewhat mixed. The star of the day was the often maligned...

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Quiet Week So Far

Quiet Week So Far

Friends As earnings reports keep coming, traders seem somewhat uninterested. Yes, for the most part companies are doing just fine, but top line revenue growth is once again difficult to find. Corporate managements are squeezing everything they can out of margins, but the feeling is that game is getting...

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Good New Home Sales Number

Good New Home Sales Number

Friends Despite or because of a very nice new home sales number, stocks had a difficult time today. Earnings overnight were mixed, with Apple, Ford and Boeing actually doing better than expected, and Caterpillar laying an egg, but stocks began to fall after the new home sales number came...

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Distracted Markets

Distracted Markets

Friends Once again, earnings reports were mixed, but the stock weighing most on the Dow Jones Industrial Average was McDonald’s Corp. which single handedly kept the Dow out of positive territory most of the day. The fast food giant disappointed the street with a lackluster earnings report. Other than...

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Earnings

Earnings

Friends While the business news stations blabber on about a large hedge fund manager being charged by the SEC, let’s talk about earnings season. Today’s releases were a good microcosm of the past two weeks of earnings. We got good reports from the likes of General Electric, Honeywell and...

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Economic News Helps Stocks

Economic News Helps Stocks

Friends Stocks spent the whole day in positive territory buoyed by good economic news including an impressive weekly jobless claims number, as well as a much better than expected Philly Fed index number (indicating an improving manufacturing sector). Once again, it seems that determining where the economy is heading...

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