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Dow Sets New Intraday High; Citigroup Impresses With Earnings
Monday, July 14, 2014 - 4:44pm | 2632U.S. stocks rose as earning season unofficially kicked off with Citigroup reporting better than expected earnings. The Dow Jones Industrial average set new intra-day records, hitting an all time high of 17,088.43 as investors appear to be comfortable with holding blue chips instead of...
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Market Wrap For April 30: Markets Positive Despite Fed Tapering and GDP Rising Less Than Expected
Wednesday, April 30, 2014 - 4:35pm | 3030U.S. stocks rose as investors cheered the latest move by the Federal Reserve who stacked on another $10 billion to its tapering effort. By doing so, the central bank has lowered its asset purchases to $45 billion per month. “Information received since the Federal Open Market Committee met in...
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Market Wrap For April 28: Apple Hits New 52-Week Highs In a Volatile Start To the Trading Week
Monday, April 28, 2014 - 4:34pm | 2080U.S. stocks ended the day mostly positive in a volatile trading session as the Nasdaq rebounded from a one percent decline, finishing the day almost flat. The Dow traded higher by as much as 138 points but still ended the day modestly higher as Pfizer's massive $100 billion takeover plans gave...
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Earnings Expectations For The Week Of April 28: Big Oil, Big Pharma And More
Sunday, April 27, 2014 - 11:58am | 854The earnings crunch continues this week. Among the highlights will be scheduled quarterly reports from Exxon Mobil and Chevron, from Bristol-Myers Squibb and Merck, from Time Warner and Viacom, and also from Twitter. Early Thursday, Exxon Mobil (NYSE: XOM) is expected to say that it had earnings...
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Gold Miners See Wild Swings In Short Interest (AEM, AU, HMY)
Friday, February 14, 2014 - 8:45am | 969The price of gold swung up and down in late January but was near $1,245 both in the middle of the month and at the end. Short sellers likewise were moving into and out of leading gold stocks during the period. The most significant percentage swings happening to Agnico Eagle Mines (NYSE: AEM),...
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Market Wrap For February 13: Markets Close Higher; Nasdaq on a Six Day Winning Streak
Thursday, February 13, 2014 - 5:50pm | 2839U.S. stocks finished higher on Thursday after a bumpy start to the trading session. “People want to buy the dips now because the market made a bottom after Feb. 3,” Donald Selkin, chief market strategist at National Securities Corp. told Bloomberg. “We got very oversold and now it's believed...
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Earnings Expectations For The Week Of February 10: AIG, Cisco, Deere, PepsiCo And More
Monday, February 10, 2014 - 7:33am | 990The earnings season is winding down. Most of the S&P 500 have reported fourth-quarter results, and the good news is that earnings beats have outnumbered earnings misses. Here is a quick rundown of what analysts expect from some of this week's most prominent quarterly reports. America Movil...
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Short Sellers Flee Randgold, Pile On GoldCorp (GG, KGC, GOLD)
Thursday, January 30, 2014 - 8:33am | 936The price of gold rose from near $1,200 an ounce at the beginning of January to above $1,250 by the middle of the month. Short interest in leading gold stocks was mixed again in the period, with the most significant swings happening to GoldCorp (NYSE: GG), Kinross Gold (NYSE: KGC) and Randgold...
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Market Wrap For January 24: Fear Is Back In The Markets
Friday, January 24, 2014 - 5:30pm | 2424Major indices continued to plummet on Friday with no economic data released that could rejuvenate the market. Investors remain worried about a Chinese slowdown, a mixed-bag of corporate results on Wall Street and possible further tapering just around the corner as the Fed meets again next...
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Short Sellers Flee AngloGold Ashanti and Gold Fields (AU, GFI, AUY)
Tuesday, January 14, 2014 - 9:37am | 918The price of gold fell to less than $1,200 an ounce in December, the low for the year, but began to rise again as the year wound down. Short sellers again seemed to be looking for direction late in the month, as the swings in short interest were strong in many cases but mixed. The number of shares...
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Short Sellers Load Up On GoldCorp, Gold Fields (GFI, GG, HMY)
Friday, December 13, 2013 - 11:56am | 886The price of gold started November around $1,315 but declined to end the month to near $1,250. Short sellers again seemed to be looking for direction late in the month, as the swings in short interest were mixed. The number of shares sold short in GoldCorp (NYSE: GG), Gold Fields (NYSE: GFI) and...
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Market Wrap For November 4: Economy Is Steady, Tapering Could Be Around The Corner
Wednesday, December 4, 2013 - 6:16pm | 2104Stock futures declined before the equity markets opened after the ADP employment report showed a higher than expected 215,000 jobs were added during the month of November. Investors and traders were spooked by the report that solidifies the Fed's case to begin tapering. Traders and investors...
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Market Wrap For December 2: Markets Sluggish on Cyber Monday
Monday, December 2, 2013 - 5:50pm | 1882Despite a positive note by a leading analyst at Morgan Stanley (NYSE: MS), major markets suffered a post-turkey Thanksgiving hangover as major indices closed in the red. Adam Parker, Morgan Stanley's lead strategist predicted the S&P will hit 2014… in 2014, an approximate 11.5 percent gain...
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10 Stocks Below Their 50-Day Moving Average
Friday, November 15, 2013 - 10:27am | 740Despite a market that continues to melt up, some stocks are struggling to move above their 50-day moving average. They might be priced at a bargain or they may be names to avoid. The weekend is about here and if you’re looking for some names to research, we put together a list of stocks with a...
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Gold Short Sellers Seek Direction (AU, NEM, NGD)
Thursday, November 14, 2013 - 3:26pm | 1046The price of gold bottomed in October below $1,270 only to rebound late in the month to more than $1,350. Short sellers seemed to be looking for direction, as the swings in short interest were mixed. The number of shares sold short in AngloGold Ashanti (NYSE: AU) and Newmont Mining (NYSE: NEM)...