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,...

Friends   Though both JP Morgan Chase and Citi had really good earnings reports this morning, stocks had a negative bias right from the opening bell this morning. There were some ebbs and flows to today’s trading, but once again market participants seem a little...

Friends   It was another somewhat squishy day for stocks. The bulls bid things up a bit early in the trading session, but as the day wore on buyers disappeared and stocks slipped back into negative territory. With news that President Elect Biden is going to...

Friends   It was another very quiet day of trading in the stock market as market participants seem to be in a wait and see mode this week. We are entering an earnings season, but I think investors are also keeping an eye both on the vaccine rollout progress and...

Friends   Stocks struggled today after a weekend of social media fallout and likely just some overdue profit taking. There were some winners though as banks, energy and retailers all fared well, while big tech struggled.   By the close, the Dow Jones...