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...
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...
Friends Stocks slumped despite the anticipated 4.1% GDP number that was released before the opening bell this morning. It might be a case of sell on the news, but it looks like it's more about the big momentum names. The big 4 (FANG) stocks are showing a little wear...
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,...
Friends Stocks were biding time for most of the trading session, with a slight bias to the upside, when word came during the last hour of trading that the EU may have delivered some trade concessions to President Trump. Stocks rallied nicely on the news and finished...
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...
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 points...
Friends As we have seen this year, as Amazon, Google, Netflix and Facebook go (you can throw Apple in there too) the market averages go. Today, despite some strength in retail, mid and small caps, the averages were driven down by weakness in the big momentum names....
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...
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...
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...
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,...
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...
Friends Stock futures sold off overnight after the announcement that the U.S. has readied $200 billion worth of tariffs for Chinese goods that would begin later in the year. As markets opened down this morning, market participants were also greeted with footage of...
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...
