Friends Last month was the worst December we have seen for stocks in many decades. So, of course, we’ve just concluded a January that was the best for stocks in decades. Quite a wild ride. What has changed since that gloomy Christmas Eve when stocks hit tumbled to new...
Friends Stocks rallied today, first on very good earnings reports from the likes of Apple, Boeing and McDonalds, then on a dovish Fed statement this afternoon. As expected, the Fed did not raise interest rates today, but more importantly they offered a very dovish tone with regards to future...
Friends It was mixed day for stocks and corporate earnings. 3M had decent earnings, but the shares rallied, while shares of Verizon and Pfizer sold off on lukewarm earnings numbers. So, once again, it’s a mixed bag earnings season with fewer beats than we have seen it recent quarters,...
Friends Stocks slumped on some less than stellar earnings reports from Caterpillar, which weighed on industrials, and NVIDIA Corp. which weighed on chip makers and technology shares in general. So far, this earnings season has been a mixed bag with regards to how the shares of reporting companies are...
Friends Good earnings from United Technologies, IBM and Procter &Gamble helped propel stocks to a nearly 300 point Dow rally at the open this morning. But, as the morning wore on stocks gave up all of those gains and actually fell into negative territory. Why did stocks surrender their...
Friends The bears, who had been missing in action the last couple of weeks, showed up to play today. Stocks were soft at the open and headlines continued to pressure prices throughout the trading session. We have a big week for earnings, including this morning’s Johnson & Johnson’s just...
Friends Once again, stocks were having a nice day which was made even nicer by reports that the Chinese have offered some trading concessions. Stocks added to gains on the reports and finally the S&P 500 was able to clear the 2650 resistance level. We will get a lot...
Friends Stocks were having a nice quiet day until a report hit the wires from the Wall Street Journal that the Trump administration was possibly willing to drop tariffs on Chinese goods in order move the trade talks towards the finish line. As that hit the tape, stocks rocketed...
Friends The bulls continue to attempt to push through resistance levels, and you can feel the bears starting to get a little concerned. We’re not, by any means, declaring that the bear market is over, but as stocks creep higher, the fear of missing out could begin to creep...
Friends Despite the concerns the effects of the Government shutdown might have on the economy by extension corporate earnings, share prices rose today despite less than stellar bank earnings reports. Again, how stocks react to the earnings release give us a look into whether they were priced accurately going...
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