Category Archives: Indexes

Stocks Lower on Weak Service Data

WEDNESDAY – U.S. stocks were lower on Wednesday, erasing initial gains, despite an oil bounce and decent jobs data.

The Dow briefly rose 100 points shortly after the open and fell 100 after the ISM non-manufacturing index reading for January came in weaker than expected.

Coming Up This Week:

Wednesday

Earnings: MetLife, Allstate, AvalonBay, Boston Properties, GoPro, Lincoln Natl., NXP Semiconductor, Yum Brands
9:45 a.m. Services PMI
10 a.m. ISM nonmanufacturing
10:30 a.m.: Oil inventories

Thursday

Earnings: AstraZeneca, ConocoPhillips, Philip Morris, Cigna, Clorox, Credit Suisse, Dunkin Brands, NY Times, Tempur Sealy, Hartford Fincl., LinkedIn, News Corp., Symantec, Decker’s Outdoor, DeVry Education, Lions Gate
7:30 a.m.: Challenger Job-Cut Report
8:30 a.m. Initial claims; productivity and costs
10 a.m. Factory orders
10:30 a.m.: Natural gas inventories
4:30 p.m.: Fed Balance Sheet/Money Supply
5 p.m. Cleveland Fed President Loretta Mester on economy, policy

Friday

Earnings: BNP Paribas, Nippon Telegraph, Estee Lauder, Toyota Motors, Tyson Foods, Moody’s, Weyerhaeuser, Aon, CME Group, Ametek
8:30 a.m. Employment report; international trade
1 p.m.: Oil rig count
3 p.m. Consumer credit, Treasury STRIPS

Share

Stocks Open Lower As Market Eyes Data

U.S. stocks opened down today, as investors prepare for earnings while worrying about Chinese data.

“The market today is going to be focused on earnings,” said Peter Cardillo, chief market economist at Rockwell Global Capital.

Over a 1/5 of the S&P500 companies are scheduled release results this week. Morgan Stanley posted earnings per share 20 cents below estimates before the bell, with revenue also disappointing.

Hasbro and Halliburton reported quarterly results ahead of Monday’s open that beat analyst’s expectations.

Housing data will offer more clues about the strength of the U.S. economy, with the latest NAHB/Wells Fargo Housing Market index due at 10 a.m. ET.

Wall Street will also digest remarks made by Federal Reserve officials Lael Brainard and Richmond Fed President Jeffrey Lacker at 10 a.m. ET and noon, respectively.

Share

Nasdaq Turns Positive for 2015

Stocks traded about 1% higher Monday, attempting to further a recent recovery from correction levels, as investors awaited earnings and concerns from Friday’s jobs report on the timing of a rate hike.

The Dow Jones industrial average gained more than 100 points.

The Nasdaq composite came back into positive territory for 2015. The Dow and S&P500 stayed in negative territory for the year so far.

All three major averages gained to come within 10 percent of their 52-week highs, out of correction territory. The small-cap Russell 2000 remained in correction mode, about 12 percent from its 52-week high.

Share

Down Down 100+; Nasdaq Off 1.5%

Stocks are down about 1% today as uncertainty about the timing of a rate hike as well as global growth continued to push stocks lower.

The Dow was down 170 points after falling more than 200 earlier.

Health care and energy were the greatest decliners in the S&P 500, which traded more than 1 percent lower.
Apple had fallen more than one and a half percent despite news that it sold more than 13 million new iPhone 6s and 6s Plus models in a record first weekend of sales.

The Nasdaq fell more than 1.5% pressured by a 3 percent decline in the iShares Nasdaq biotechnology ETF. The ETF fell further into bear market territory, or more than 20 percent from its 52-week high.

On Friday, the IBB plunged nearly 5 percent for its worst day since easrly 2014. The Dow closed more than 100 points higher, boosted by decent earnings.

“The big concern here is the market has deteriorated to a point that now even the leadership is faltering,” said Lance Roberts, head of Streettalklive.com.

Share

Retail Stocks May Be The New Winners

As the retail sector gained Monday, one group of suffering stocks led the way, jumping 1.2 percent: the multiline retail stock group, which includes names such as Target, Dollar Tree and Nordstrom.

The average national gas price recently fell to $2.29 from $2.33 a week ago, according to AAA’s Daily Fuel Gauge, translating into more available funds for consumer discretionary spending.

Barron’s wrote over the weekend that Dollar Tree is expected to outperform compared to estimates, based on long-term gains from its acquisition of  Family Dollar. The stock rose 1.8 percent on Monday.

Retail ETFs also seem to be at an inflection point and the money flow looks to turn positive.

After being down about 5% this calendar year, retail is moving higher and may one of the few winners by the end of the year.

Share

Stocks Down Tuesday, Small-Caps Down 1.4%

Stocks are trading down today, pressured by continued anxiety over slowing global growth following the Federal Reserve’s decision to keep rates unchanged.

In the small-cap market, the Russell 2000 Index was down 1.4% at 11:30am (ET).

“It’s a market that’s gripped with fear, fear of uncertainty of the growth of the global economy and it’s own growth strength and that’s due to the Fed sending the wrong signals to the market,” said Peter Cardillo, chief market economist at Rockwell Global Capital.

The Dow Jones industrial lost more than 250 points as the major averages declined more than 1.5 percent, with the Nasdaq composite joining the other major averages in negative territory for 2015.

The blue chip index is more than 11 percent from its 52-week high, in correction territory. The S&P and Nasdaq composite remained within 10 percent of their 52-week highs.

 

A list of penny stocks to buy now.

Falcon’s Penny Stock Picks

Share

Stocks higher a day ahead of Fed meeting

U.S. stocks rose on Tuesday, a day ahead of the start of a crucial Federal Reserve policy meeting. Fed policymakers will convene a two-day meeting on Wednesday and could decide to raise interest rates for the first time in close to a decade. Energy stocks rose more than the rest of the market as the price of crude oil moved higher.

The Dow Jones industrial average gained 177 points, or 1.1%, to 16,548 as of 1:06 p.m. Eastern time. The Standard & Poor’s 500 index climbed 18 points, or 0.9 percent, to 1,971. The Nasdaq composite rose 36 points, or 0.75 percent, to 4,842.

The stock market has recovered some of the ground that it lost in August and early September, but is still down from its peak of the year as traders and investors fret about the possible impact of slower growth in China and other emerging markets. The S&P 500 is down 7.5 percent from its record close set in May.

Americans stepped up their spending on cars, restaurant meals, groceries and clothing in August. The Commerce Department said Tuesday that retail sales rose 0.2 percent last month, after advancing 0.7 percent in July. The increase was slightly less than economists had forecast.

Investors are looking ahead to the Federal Open Market Committee meeting this Thursday.

Share

Russell 2000 Higher and at a Very Important Level

Small-Caps and penny stocks just turned positive as the Russell 2000 moved into the green just after noon. At the opening, the small stock index opened lower and continued lower before bouncing off its intra-day low just above 1,143.

It is now at 1,153 which is a critical point. If the Russell breaks above that price, there will be some support there. That will make it easier to move higher before it hits a significant technical and psychological resistance level near 1,200.

Russell 2000 on Yahoo! Finance

Share