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Stocks Drop Following Obama's Re-election
Wednesday, November 7, 2012 - 6:10pm | 254Evidently, President Obama had no time to bask in the glory of victory, amidst a looming fiscal showdown and a divided Congress capable of thwarting his efforts. Republicans will be in a position to block Obama's ambitions -– including immigration and tax reforms -– as they maintained a majority in...
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DOW Reversal Predicted by the Evening Star Signal
Thursday, May 17, 2012 - 12:35pm | 805Candlestick signals make observing the obvious that much easier. The Dow has been in a downtrend since the Evening Star reversal signal revealed itself. Where some technical methods may have implied a market top on May 1, the candlestick Evening Star signal made it apparent to candlestick...
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Bellwether Dow's Q4 Profit, Sales Slide
Thursday, February 2, 2012 - 2:45pm | 106By James Detar, Investor's Business Daily Dow Chemical's (DOW) fourth-quarter profit plunged 47% to 25 cents a share, disappointing Wall Street, which expected 32 cents a share. The company blamed weak demand in Europe as it struggles with its debt crisis, and less-than-expected sales in the...
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Goldman Sachs Raises Dow PT From $34 To $36
Friday, December 3, 2010 - 8:56am | 35Goldman Sachs is raising its 12-month price target on Dow Chemical Company (NYSE: DOW) by $2 to $36. This is based Goldman Sachs' SOTP analysis. Dow currently trades at $33.24.
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J.P. Morgan Raises Dow Chemical 2010 EPS
Friday, October 29, 2010 - 9:06am | 124Dow Chemical Company (NYSE: DOW) reported 3Q:10 EPS 30% in excess of consensus expectations and yet the stock traded lower, J.P. Morgan reports. The difference between consensus and reported results can be attributed entirely to outperformance in Dow's Basic Plastics unit. “There is no additional...
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The Only Thing You Need To Know (DJIA, SPX)
Tuesday, October 19, 2010 - 1:24pm | 190The only thing that drives the U.S. equity markets these days is the dollar. If you can figure out where the dollar is headed, you can make a lot of money. Today we got news that China raised its benchmark interest rate for the first time since 2007. This move is meant to combat inflation and cool...
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Quantitative Easing II Won't Help Consumers Or The Economy (DJIA, SPX, SBUX)
Tuesday, September 28, 2010 - 2:39pm | 295The market has been rocketing higher on speculation the Fed will embark on QE2. Just today the Dow (DJIA) and S&P 500 (SPX) reversed early losses and now trade higher by 0.3%. But, will QE2 really make a difference in the economy and help lift stocks? I believe it was Einstein who said the...
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Market Leaders Showing Weakness (DJIA, COMPQ, AAPL, HPQ, AMZN, NFLX, BIDU, FCX)
Tuesday, September 28, 2010 - 11:59am | 218The equity markets are holding onto slim gains this morning after opening weaker. The Dow (DJIA) is up 31 points while the Nasdaq (COMPQ) is higher by 0.6 points. However, it's interesting that many of the market's new leaders are struggling today. Apple (NASDAQ: AAPL) is off $3.01 to $288.15. The...
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August ISM Tops Estimates (DJIA)
Wednesday, September 1, 2010 - 10:34am | 110The August ISM Manufacturing Index came in at 56.3, topping the 53.0 consensus. A reading over 50 indicates expansion in the sector. New orders slowed to 53.1 for its lowest reading since the recovery began in the second quarter of last year. Unfilled orders also slowed, down three points to 51.5...
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Hewlett-Packard, Alcoa Leading Dow (DJIA, BAC, JPM, AXP, HPQ, AA)
Monday, August 30, 2010 - 3:06pm | 133With roughly an hour left in trading today, the Dow Jones Industrial Average (DJIA) is down 76 points, or 0.75%, to 10,074. Leading the Dow lower is Bank of America (NYSE: BAC) which is lower by 30 cents, or 2.37%, to $12.34. This is a fresh 52-week low for Bank of America. Financial names JP...
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Shocking! New Home Sales Disappoint (XHB, DJIA)
Wednesday, August 25, 2010 - 10:14am | 140Wow, what a shocker! July new home sales disappointed immensely, coming in at 276,000 versus the 334,000 consensus. This is the slowest pace on record for new home sales. Prices were the lowest in 6.5 years. The SPDR S&P Homebuilder ETF (NYSE: HXB) is higher on the day by 4 cents, or 0.29%, to...
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Slowest Day Of The Year (DJIA, SPX)
Monday, August 16, 2010 - 7:44pm | 87The dog days of summer are upon us with full force. Today's volume was the lowest of the year with 3.22 billion shares traded on the NYSE Composite. The second-lowest day was just last Monday, August 9, when 3.36 billion shares traded hands. Today's trading was the slowest day of trading since...
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Abercrombie Has Strong Day (ANF, DJI)
Thursday, July 1, 2010 - 4:10pm | 106Shares of Abercrombie & Fitch (NYSE: ANF) posted strong gains today on impressive volume despite the Dow (DJI) falling 41 points, or 0.42%, to close at 9,732. Abercrombie shares gained $1.24, or 4.04%, to finish at $31.93. Volume was strong with just over 5 million shares traded versus the...
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How International Markets Have Fared In 2010
Tuesday, June 29, 2010 - 12:17pm | 86The U.S. Indices have had a relatively quiet 2010 when compared to international markets. Year-to-date the Dow is off 2.78%, the S&P 3.63%, and the Nasdaq 2.14%. Here are how international markets have fared this year: Greece down 34.11%. China down 22.64%. Spain down 18.86%. Portugal down 14....
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Dow Plunging, VIX Spiking (DJI, VIX)
Friday, June 4, 2010 - 3:18pm | 66The CBOE Market Volatility Index (VIX) is surging today as investors dump equities and flee to anything safe. The catalysts for today's selling were a disappointing May jobs report and fears of another debt crisis, this time in Hungary. The VIX, or fear guage, is up 5.28 points, or 17.92 percent,...