Friends Stocks did little today on this last day of October. Volatility was almost non-existent as traders continue to sort through the plethora of earnings releases. Speaking of earnings, this is another busy week which will be highlighted by reports from Facebook tomorrow and Apple on Thursday. So far,...
Friends Stocks recovered after yesterday’s softness, as despite the occasional “sell on the good news”, earnings reports continue to be good. We will get a look at Amazon, Google, Microsoft, Intel and others after the closing bell today, which will likely set the tone for tomorrow’s trading session. As...
Friends It was a difficult day for stocks, as even companies with good earnings reports like Boeing saw selling pressure. The uptick in interest rates seems to be spooking the markets, as at least one well known bond guru is predicting that the end of the decades long bull...
Friends At first glance, and business news headlines might lead you to believe, it was a really good day for stocks. Well, it was a really good day for a few stocks that inhabit the Dow Jones Industrial Average (30 stocks), namely 3M, Caterpillar and McDonalds- all which had...
Friends Traders seemed a little tentative during today’s trading session as we enter the most active week of the earnings season. We mentioned last week all the different companies that report this week, so we’ll get a good cross section of results from different industry sectors. Again, we’ll see...
Friends If a stock you own stumbles a bit after the company’s earnings release, don’t worry- a day or two later, or perhaps even that same day (see General Electric) the stock price will come right back up. Of course, I’m being facetious but it appears that nothing can...
Friends It was quite a day for stocks. After a triple digit decline for the Dow, led by a downturn in Apple shares due to rumored weakness of sales for the iPhone 8 and concerns of China’s overvaluation, stocks spent the rest of the session climbing out of negative...
Friends Led by the massive advance of the shares of Dow component IBM, the industrials smashed through the 23,000 level with ease. The rest of the market’s move was somewhat muted, but nevertheless we continue to climb higher. It’s only a small sample size, but earnings season is off...
Friends Stocks took a peek above the 23,000 mark on the Dow, retreated a bit, then made a final push but came up just a hair short. It was a juicy day for earnings, starting with Netflix yesterday after the close then stellar reports from J&J, Morgan Stanley and...
Friends As the media reminds us, this week is the 30th anniversary of the 1987 stock market crash. Of course it was on Monday October 19, 1987, which came to be known as Black Monday. I’ve often told you of my remembrances of that day as I was then...
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