Archive for category: Market Commentary

Market Update

Market Update

Friends Jim is traveling today, here are how the markets ended. For the day the Dow Jones Industrial Average was up 110 points to close at 26,559. The S&P 500 was up 4 points to finish the day at 2,905. Gold was down a fraction to trade at $1,276...

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More of the Same

More of the Same

Friends More earnings reports and more mixed reaction. For instance, PepsiCo had a wonderful earnings release and the shares went up nicely during the trading session. Netflix stumbled a bit as did its shares for most of the trading session. IBM once again disappointed and IBM shares also had...

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A Mixed Bag

A Mixed Bag

Friends Today’s earnings releases produced a mixed bag of share price reactions. Johnson & Johnson had a very nice earnings beat and for the most part the stock reacted positively. United Healthcare had what looked like a nice earnings scorecard but the shares, after rallying initially, spent the day...

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Earnings Season Begins

Earnings Season Begins

Friends Earnings season is upon us. We had a couple more banks report today, Citi and Goldman Sachs, the latter coming up a bit shy of expectations and contributing to the weakness in the Dow today. But as the week rolls on we’ll hear from J&J, Pepsico, IBM, Bank...

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Stocks Like The News

Stocks Like The News

Friends A nice earnings release from a Money Center bank, a surge in Disney and a big deal in the oil patch gave stocks a nice boost this morning and the market averages were able to hold onto their gains throughout the trading session. JP Morgan Chase had a...

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The Masters

The Masters

Friends It appears that market participants were busy watching coverage from the Masters today, as stocks did little more than drift aimlessly for the entire trading session. On the economic front, the Producer Price Index was a little hotter than expected, while the weekly jobless claims was better than...

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Fed Minutes

Fed Minutes

Friends Market participants waited breathlessly for the Fed Minutes today (not really), as stocks just drifted aimlessly until the release. Not much changed after the release as stocks tilted quietly to the upside until the close of the session. Basically, the Fed minutes indicated that most of the Fed...

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Stocks Slump

Stocks Slump

Friends It was a difficult day for stocks as early morning weakness turned into a day-long affair. Though Boeing was under selling pressure once again, the decline was broad based as technology shares, industrial shares and even banks all showed signs of weakness. The big banks will kick off...

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Goldilocks Jobs Number

Goldilocks Jobs Number

Friends The jobs number was a little better than expected with 196,000 new jobs created in March, but not so strong as to cause concern among market participants that the Fed might be tempted to rethink their dovish stance. The unemployment rate remained at 3.8%, while average hourly earnings...

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