FeedPosted Nov 24th 2009 4:20PM by Jon Ogg (RSS feed)
The GDP for Q3 showed a revision confirming that the
end of the recession is still 'unofficially' official. The Case Shiller data was more mixed despite another small gain, but it has a farther look-back than most new data has been showing.
And the
FOMC released its minutes from the November 3 and 4 meeting that gave low inflation forecasts, higher GDP, and even less-bad unemployment. The FDIC fund
going red had no solid impact on financials today. We even had a 2% drop in the price of oil despite a small gain in gold. Here were today's unofficial index closing bell levels:
DJIA 10,433.71 (-17.24)
NASDAQ 2,169.18 (-6.83)
S&P500 1,105.66 (-0.58)
Top 10 Analyst CallsTop Day Trader AlertsPosted Nov 23rd 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: eBay (EBAY), Starbucks (SBUX), CIGNA Corp (CI)
Today started out strong and stayed positive all day, even if some commented that the highs were not held. The weak dollar helped commodities and helped stocks. A 10.1% October sales rise by the National Association of Realtors by those trying to get the home buyer tax credit didn't hurt either. Ditto for a reiteration that the
recession is over.
Here were today's unofficial closing bell levels:
Dow 10,450.04 +131.88 (1.28%)
S&P 500 1,106.13 +14.75 (1.35%)
Nasdaq 2,175.96 +29.92 (1.39%)
Top Day Trader AlertsTop 10 Analyst CallsTop Stock/Market RumorsContinue reading Closing Bell: Stock bulls and dollar death (DDRX,GMCR, PEET, SBUX, EBAY, CI, TECD)
Posted Nov 20th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Dell (DELL), Intel (INTC)
Today was a very unusual day. There was no real economic data to absorb. And the markets did see some
unusual options trading ahead of expiration date at 4:00 PM today. Disappointing earnings kept a negative bias in the air despite a brief recovery into positive territory in the final hour today... Yet the negative close seemed almost a certain fate today.
Here are today's unofficial closing bell levels:
Dow 10,318.16 -14.28 (-0.14%)
S&P 500 1,091.37 -3.53 (-0.32%)
Nasdaq 2,146.04 -10.78 (-0.50%)
Top Analyst CallsTop Day Trader AlertsUnusual Options TradingContinue reading Closing Bell: Earnings working against stocks (BCRX, DELL, DHI, INTC, LEAP, PCS)
Posted Nov 19th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Intel (INTC), Sears Holdings (SHLD), E*TRADE (ETFC)
Today's jobs data was
not bad, relatively any way, but the housing delinquencies and foreclosure rates was just awful and not representative of anything good. The overseas selling had the markets soft this morning and despite a recovery off lows the 'positive green line' was never really in the cards at the end of the trading day. The retailers are also running soft because of
excessive discounting and promotions before the holiday season even starts.
Here are the unofficial closing bell levels:
Dow 10,341.44 -84.87 (-0.81%)
S&P 500 1,094.90 -14.90 (-1.34%)
Nasdaq 2,156.82 -36.32 (-1.66%)
Top Analyst CallsTop Day Trader AlertsTop Stock/Market RumorsContinue reading Closing Bell: The grinch comes early (INTC, HOTT, MVIS, ETFC, SHLD)
Posted Nov 18th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Advanced Micro Dev (AMD), American Express (AXP), E*TRADE (ETFC)
The markets were higher before the economic data came to ruin the party. CPI came in higher than PPI on the inflation front, but there was a real disappointment in housing starts considering that many were expecting gains there. Oil inventory contractions across the board failed to boost that market considerably. A late day rally looked like a positive close was in the cards, but the buying action was only so much.
Here were today's closing levels:
Dow 10,426.31 -11.11 (-0.11%)
S&P 500 1,109.79 -0.53 (-0.05%)
Nasdaq 2,193.14 -10.64 (-0.48%)
Top Analyst CallsTop Day Trader AlertsTop Stock & Market RumorsContinue reading Closing Bell: An almost recovery (AMD, AXP, DRYS, ETFC, FTNT, VVUS)
Posted Nov 17th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Home Depot (HD), Exxon Mobil (XOM)
Stocks started out strong, but despite the lower producer inflation via PPI the markets were mixed and the net result was not certain until the very end of the day. Many of the
Warren Buffett stocks and
George Soros stocks were among the movers today. One issue affecting stocks ahead is that investors and traders alike are starting to figure out that cost cuts at the likes of what was seen over the last year cannot go on forever, and that benefits can only add so much.
Here were today's unofficial closing bell levels:
Dow 10,423.81 +16.85 (0.16%)
S&P 500 1,110.31 +1.01 (0.09%)
Nasdaq 2,203.78 +5.93 (0.27%)
Top Day Trader AlertsTop Analyst Upgrades/DowngradesTop Stock/Market RumorsContinue reading Closing Bell: Moving beyond cost cutting (XOM, HD, SPWRA, SMTL, AMAT, PLA)
Posted Nov 16th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Cisco Systems (CSCO), Dell (DELL), Exxon Mobil (XOM), Citigroup Inc. (C), Lowe's Cos (LOW)
Today was another up-day that started out strong and stayed strong. Retail sales helped trump a weak NY Fed manufacturing number, and Ben Bernanke said he sees no asset bubbles in the US markets today.
Here were today's unofficial closing bell levels:
DJIA
NASDAQ
S&P500
Top Analyst CallsTop Day Trader alertsTop Stock & Market RumorsContinue reading Closing Bell: As the bears see sunset... (XOM, C, DELL, PLA, CSCO, LOW)
Posted Nov 13th 2009 4:00PM by Jon Ogg (RSS feed)
This was one of those low-volume trading days where more stocks were up than down with the big explanation being "fewer sellers than buyers." Commodity import prices, the trade deficit, and a weak University of Michigan confidence reading failed to keep a rally from dying. Hell, even Friday the 13th didn't matter.
Here were today's unofficial closing bell numbers:
Top Analyst CallsTop Stock RumorsDay Trader AlertsContinue reading Closing Bell: What Friday 13th curse? (ANF, BA, GENZ, DIS, PALM, PLA)
Posted Nov 12th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Hewlett-Packard (HPQ), General Electric (GE), Wal-Mart (WMT), Intel (INTC), Bank of America (BAC)
Jobless claims almost went under 500,000 and gave one of the lowest readings this year. Unfortunately that wasn't enough for the market because these likely need to get under 400,000 or so before unemployment will stop rising. Oil inventories took some fuel from oil, but the
weak 30-Year Treasury auction and the
government's budget deficit kept the six day rally from turning into a 7-day rally.
Here were today's unofficial closing bell levels:
Dow 10,197.47 -93.79 (-0.91%)
S&P 500 1,087.21 -11.30 (-1.03%)
Nasdaq 2,149.29 -17.61 (-0.81%)
Top Analyst Upgrades/DowngradesTop Day Trader AlertsTop Stock/Market RumorsContinue reading Closing Bell: Can't go up every day (BAC, HE, HPW, COMS, BRCD, WMT, AMD)
Posted Nov 11th 2009 4:05PM by Jon Ogg (RSS feed)
Filed under: Motorola (MOT), Research in Motion (RIMM), Palm Inc (PALM)
This was a strange day with a half-participation as bonds and many government offices were closed due to this being the Veterans Day holiday. Stocks were up all day and this works out to be six straight days of a rally in the DJIA. We had no economic news to digest and here are today's unofficial closing bell levels:
Dow: 10,291.10 +44.13 (0.43%)
S &P: 1,098.52, +5.51 (0.50%)
Nasdaq: 2,166.90, +15.82 (0.74%)
Top day trader alertsTop analyst callsTop market rumorsAIG
(AIG) could have a key vacancy open at the firm. Its new CEO Benmosche has expressed to its board of directors that he may step down over frustration of working under the government and over salary restrictions. This would not be welcome as he is deemed one of the few who can run that show. A late day memo from the company said he is committed and the press is over pay for those at the company. Shares were 'only' down 0.7% at $37.30 right before the close.
Continue reading Closing Bell: A six-day rally (AIG, REGN, M, MOT, PALM, RIMM)
Posted Nov 10th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Amer Intl Group (AIG), Sun Microsystems (JAVA), Electronic Arts (ERTS), MBIA Inc (MBI)
We had another bit of data showing
strong home sales in Q3, but as prices fell. Yet the only real thing to note was that the sell-off that was starting out this morning just didn't hold when you look at the broad indexes today. Some dollar directional changes may be part of the issue that kept the stocks from getting cheaper. There were still many losers on the day.
Here were today's unofficial closing bell levels:
Dow 10,247.88 +20.94 (0.20%)
S&P 500 1,093.04 -0.04 (0.00%)
Nasdaq 2,151.08 -2.98 (-0.14%)
Top Analyst Upgrades/DowngradesTop day trader stocksTop market rumorsContinue reading Closing Bell: What sell-off? (AIG, ABK, EPR, MBI, JAVA, ORCL, ERTS)
Posted Nov 9th 2009 4:00PM by Jon Ogg (RSS feed)
Today was one of those up days that started out strong and ended stronger. The gains were on the heels of overseas buying and on the dollar weakness. The dollar weakness trumped Hurricane Ida's downgrade to a tropical storm
when it came to higher oil prices.
Here were today's unofficial closing bell levels:
Dow 10,227.40 +203.98 (2.04%)
S&P 500 1,093.10 +23.80 (2.23%)
Nasdaq 2,154.06 +41.62 (1.97%)
Top Market RumorsTop Analyst Upgrades & DowngradesTop Day Trader AlertsContinue reading Closing Bell: Bulls gutting bears (ATVI, EWBC, GE, JASO, ENZN, MCD)
Posted Nov 6th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: General Electric (GE), Motorola (MOT), Federal Natl Mtge (FNM)
Today was a surprise considering the news. There was not great economic news to hang on, particularly considering that the 10.2% unemployment was the worst reading since 1983. As the market did not crater and as it went positive throughout the day, it almost felt as though the 10.2% of the officially unemployed don't matter to the economy as everyone keeps noting the 'lagging indicator' effect. Still, stocks held their own for most of the day and where the real direction for the end of the day bells felt uncertain until the end of the day.
Here are today's unofficial closing bell levels:
Dow 10,023.19 +17.23 (0.17%)
S&P 500 1,069.30 +2.67 (0.25%)
Nasdaq 2,112.44 +7.12 (0.34%)
Top Analyst CallsTop Stock Rumors Continue reading Closing Bell: Unemployment must not be relevant (GE, ACOM, FNM, ZIOP, MOT, NVDA)
Posted Nov 5th 2009 4:00PM by Jon Ogg (RSS feed)
High productivity all helped fuel the rally today, partly in hopes that this leads to more hiring in 2010. The lowest number of new jobless claims since January helped as well as the DJIA was floating right around the 10,000 mark at the closing bell.
Here were today's unofficial closing bell levels:
Dow 10,005.96 +203.82 (2.08%)
S&P 500 1,066.63 +20.13 (1.92%)
Nasdaq 2,105.32 +49.80 (2.42%)
Top Analyst Calls
Top Market Rumors
Continue reading Closing Bell: Jobs & Productivity Hat Trick Rally (SIRI, BRK-A, ORCL, JAVA, BAC)
Posted Nov 4th 2009 4:00PM by Jon Ogg (RSS feed)
Today was an odd trading day considering that the FOMC meeting seemed to command far less media time than in the past, but that was because no real changes in its stance were expected. And the FOMC made the pledge to keep rates low for extended periods.
There was also a mixed picture on ADP and Challenger jobs data ahead of tomorrow's weekly jobless claims and ahead of Friday's key unemployment data. Gold continued its run along with higher oil on weekly inventory data.
Here were the unofficial closing bell levels:
Dow 9,862.44 +90.53 (0.93%)
S&P 500 1,046.50 +1.09 (0.10%)
Nasdaq 2,055.52 -1.80 (-0.09%)
Top Day Trader AlertsTop 10 Analyst CallsTop Market RumorsContinue reading Closing Bell: FOMC help & no help ( CMSCA, GRMN, PHM, JAVA, TWX)
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