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Market Wrap For March 28: Markets Still Positive Despite Giving Up Early Gains
Friday, March 28, 2014 - 4:27pm | 1778U.S. stocks finished the week on a positive note despite a sell-off in the afternoon. One possible reason for the sell-off is that investors are adjusting their portfolios for the end of the quarter on Monday. Major indices rallied off the opening bell with the Dow Jones Industrial Average...
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Market Wrap For March 14: Ukraine Tension Drag Markets Lower
Friday, March 14, 2014 - 5:17pm | 2348U.S. stocks declined as concerns escalated over Ukraine, two days before its citizens will vote in a referendum to split from Ukraine and become part of Russia. Russian President Vladimir Putin is gearing up to “invade eastern Ukraine” as a six hour talk between U.S. Secretary of State John...
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Market Wrap For March 6: Investors Find Positives In Jobless Claims
Thursday, March 6, 2014 - 6:06pm | 2478U.S. stocks rose as investors digested jobless claims data which fell to a three month low ahead of Friday's monthly employment report. The S&P 500 was lifted to a new all time high of 1,8881.94 while the Dow recorded modest gains. The Nasdaq finished in the red The Fed's Bill Dudley...
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Market Wrap For February 18: Dow Finishes Lower, Nasdaq Still Hot
Tuesday, February 18, 2014 - 5:47pm | 3229U.S. stocks traded mostly higher today despite a key measure of home builder confidence falling in February. The New York Fed's general business index also showed signs of vulnerability. Despite the weak economic data which is partially due to weather, the Nasdaq index rose for the eight...
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Market Wrap For February 11: Yellen Re-assures Markets & Wakes Up The Sleeping Bulls
Tuesday, February 11, 2014 - 5:47pm | 3158U.S. stocks rose on Tuesday as the Federal Reserve's new Chief Janet Yellen reassured investors that she is the right person for the job. In her congressional testimony, Yellen promised to stay the course in regards to the Federal Open Market Committee's approach to monetary policy. Yellen also...
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Goldman Sachs: Aerospace And Automotive Demand 'Game Changer' For The Steel Market
Tuesday, February 11, 2014 - 12:59pm | 1946Analysts at Goldman Sachs on Tuesday released a specialty report on steel. The analysts, led by Sal Tharani said that a growing demand from the automotive and aerospace industries will change the composition of the steel market. “We believe gradual conversion of automotive exposed body to...
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Does The QHIX Have Q4 Systems Destined For Greatness?
Tuesday, January 28, 2014 - 3:03pm | 477It has been a great year for Q4 Systems (NASDAQ: QFOR) and its shareholders. Although it is a small cap firm in the information technology sector, clients of Q4 Systems have included such blue chips as Alcoa, Wal-Mart, and Walgreens, among many others. A previous article on Benzinga, "A Small...
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Earnings Expectations For The Week Of January 13: Big Banks, GE, Intel And More
Monday, January 13, 2014 - 7:31am | 645Alcoa may have reported disappointing results last week, but the fourth-quarter earnings season really kicks off this week with reports from J.P. Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) on Tuesday. Big name financials will be well represented this week, with results due from the likes of...
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Market Wrap For January 10: Job Growth Weak, But Unemployment Falls
Friday, January 10, 2014 - 5:53pm | 2337Major indices ended the day little changed as investors and traders were not sure how to react to today's job reports. 74,000 jobs were added, well below the estimated 196,000. The report proved to be a complete contradiction to every other report previously seen. Related: ETFs Moving On The...
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#PreMarket Primer: Friday, January 10: Jobs Friday
Friday, January 10, 2014 - 8:16am | 627No single economic report gets more attention than the monthly non-farm payrolls report. Today at 8:30 am ET, that report hits the markets. Investors usually sit on their hands prior to the release of the report but this morning, the markets are up. Dow futures imply a 51-point upside move at...
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Market Wrap For January 9: All Eyes on Tomorrow's Job Report
Thursday, January 9, 2014 - 5:43pm | 2416Markets were relatively calm during Thursday's trading session as investors anticipate Friday's jobs report. The December employment report is expected to show about 200,000 payroll jobs representing a steady growth and a clear sign that labor market and economy are both strong. Related:...
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Alcoa Falls 3% After Q4 EPS Earnings Miss
Thursday, January 9, 2014 - 5:22pm | 303Alcoa (NYSE: AA) is down more than two percent in after hours trading after the company announced its fourth quarter results. The company reported a Q4 EPS of $0.04 versus the Street estimate of $0.05. Earnings per share were down 33 percent from the year-ago period. Revenue came in at $5.6...
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#PreMarket Primer: Thursday, January 9: The Day Before the Jobs Report
Thursday, January 9, 2014 - 8:16am | 714The anticipation over the Fed minutes was overdone as the markets read the statement as being a non-event. The minutes reaffirmed that committee members were still proceeding with caution and there is no preset timeline. In the wake of the minutes the Dow was down about 0.4 percent at 16,362.74...
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Alcoa Earnings Preview: Lower Revenue, Flat EPS Expected for Q4
Tuesday, January 7, 2014 - 5:12pm | 784Alcoa (NYSE: AA) is scheduled to report its fourth-quarter 2013 results Thursday, January 9, after the markets close. Its report has long been seen as kickoff of each new earnings season, though it may become less relevant now that the stock has been dropped from the Dow Jones Industrial Average...
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Earnings Expectations For The Week Of January 6: Alcoa And More
Sunday, January 5, 2014 - 5:23pm | 864Quarterly reports from Alcoa (NYSE: AA) have long been considered the kickoff to a new earnings season, though its role may become less relevant now that it has been dropped from the Dow Jones Industrial Average. Along with Alcoa, Micron Technologies (NYSE: MU), Monsanto (NYSE: MON), SUPERVALU (...