Archive for category: Market Commentary

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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Quiet Start To A Busy Week

Friends  With Bank of America’s earnings beat this morning, added to reports from JP Morgan and Citi last Friday, the bank stocks finally had a nice day sporting some very nice gains. The market in general on the other hand was mainly flat as traders were glued to the...

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Stocks Finish Off A Nice Week

Friends  Stocks traded higher at the open of trading this morning and basically did nothing the rest of the day. JP Morgan Chase announced good earnings early before trading began, but it didn’t seem to help the beleaguered financial sector. Once again it was Amazon, Google and gang and...

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Stocks Bounce Back

Friends  Stocks bounced right back after yesterday’s trade war fears, and buoyed by a more favorable NATO outcome than feared yesterday, the market averages enjoyed nice gains. The big leaders were once again Amazon, Google, Facebook and Apple, but that’s been the case all year.  By the close, the...

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Delayed Rally

Friends  After stocks gave up some of their gains on Friday, even after a stellar jobs report, it appeared that market participants were wary about the tariff and trade war situations. So much for trade war worries. Stocks spiked in early trading and added to their gains as the...

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Jobs Report and Trade Wars

Friends  There were 213,000 new jobs created in June, which was a bit higher than expected. The unemployment rate ticked back up to 4%, but that can be attributed to more folks coming in off the sidelines to actively seek a job. So, job creation continues to be stellar....

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