Friends It was a quiet day on Wall Street. Volatility was muted and market participants didn't seem too interested in making any waves as stocks simply drifted slightly higher or slightly lower throughout the trading session. By the close, the Dow Jones Industrial...
Friends Stocks continued last week's winning streak as the market averages rallied from the opening bell and held onto the gains throughout the trading session. Encouraging news about Covid-19 numbers as well as vaccine distribution seemed to help set the tone for...
Friends Stocks topped off the tank today on a good week for the market averages. It was a somewhat subdued trading session, but given the action of the week that is not surprising. We did get the non-farm payroll number which came in as expected. The...
Friends It was another good day for stocks in what is turning out to be a very good week for the markets. Earnings continue to be stellar with more than 80% of the companies that have reported having beaten expectations. And, they are beating expectations...
Friends We had big earnings from both Google and Amazon after the close yesterday. In today's trading, Google's shares responded positively while Amazon's shares sold off a bit. That's been the story of this earnings season. The numbers have been good, but the share...
Friends Stocks recovered some of last week’s losses today, buoyed by the announcement that beleaguered brokerage Robinhood was getting much needed additional financing. With that disaster averted for the time being, market participants decided to do a little...
riends The Robinhood war rages on, and while everyone seems to be focused on GameStop, the general market is definitely starting to show some cracks. Despite a series of very good earnings reports, stocks are selling off on the news as we appear to be...
Friends While the battle rages on between Old Wall Street and the upstart internet traders (and the Old Wall Streeters landed a few haymakers today), we will focus on earnings and the market’s reaction. After the close of trading yesterday we got blow out...
Friends Well that was ugly. While the business news stations focused on the war between internet traders and large hedge funds over a few heavily shorted stocks, the market averages tumbled. Even Microsoft, which had fantastic earnings after the close yesterday, and...
Friends It was another day of decent earnings reports but muted stock response. After the close today we are going to hear from Microsoft and others, and later in the week Facebook and Apple, so we will get a good idea how accurately priced the big tech names...
Friends It was a very choppy day for stocks. Along with earnings season it appears we have entered silly season, as groups of investors have decided to identify stocks with a large short position and aggressively buy the shares driving the price higher. The...
Friends We saw another case of selling the earnings news. Both IBM and Intel (Dow components) had what was at first glance good earnings releases yesterday after the close. But, as analysts drilled down, they discovered flaws. The shares of both had rallied in...
Friends Stocks finally took a breather as the market averages end somewhat mixed for the day. We continue to get earnings reports and they continue to be a little better than expected. But, like we saw with Union Pacific today, sometimes the good news is...
Friends As the transfer of power played out in Washington, D.C. and on our television sets today, stocks continued to push to new all-time highs. Again, the big winners were the large cap growth names that dominated the market averages last year including Apple,...
Friends Investors seemed to be in buying mood after the 3-day weekend, despite financials basically selling the good news. The big banks and brokerages have mostly posted very good earnings numbers but we’ve seen their shares sell off just a bit. Remember,...
