Archive for category: Market Commentary

Stocks Hold Small Gains

Friends  Word that trade talks with China could be progressing helped jump start a small rally in stocks on this last trading day of July. After an initial surge, the bulls must be disappointed in the late afternoon fade which gave back a good chunk of the gains. The...

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Market Leaders Continue To Slump

Friends  The fallout from the disappointment of the FANG stocks from last week continued as trading unfolded today. After a feeble attempt to stage an early morning rally, Facebook, Amazon, Google and Netflix all headed south and continued to show signs of deterioration into the close. Yes, some value...

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The Facebook Flop

Friends  Despite the disastrous earnings release and subsequent bloodletting in the shares of Facebook, stocks actually held up pretty well today. The results were mixed, but disaster was averted. Besides the continuous and mostly fantastic stream of earnings reports, we get our first look at 2nd quarter GDP tomorrow...

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Earnings Parade Continues

Friends  It was another good day for stocks, but not all stocks participated in the advance. Yes, earnings numbers continue to impress as Google, Lockheed Martin, Verizon and others all exceeded expectations with their earnings releases, but the likes of Whirlpool and Harley Davidson did stumble as tariff issues...

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Earnings Week

Earnings Week

Friends  It was a  mixed and somewhat quiet day for stocks, as market participants gear up for a busy week (we get Google after the closing bell today) of earnings and a first look at 2nd quarter GDP.  For the day, the Dow Jones Industrial Average was down 13...

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Stocks Undeterred

Friends  Stocks were able to post gains despite a miserable housing starts number and a massive fine levied by the EU against Google. Heck, stocks actually went up today without the help of Amazon. Regardless, earnings continue to come and the numbers continue to be good. So far it...

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Stocks Rally Despite Netflix

Friends  Stocks were drifting in negative territory this morning, but as the trading session wore on, the momentum stocks shrugged off Netflix’s lousy earnings report and found some nice buying support. On the earnings front Johnson & Johnson delivered a sterling report and the stock bounced nicely after struggling...

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