[Chart courtesy of MarketWatch.com] 1. Moving The Markets There was not much good news from the markets today, but not much terrible news either. It seems that fearful investors are selling off equities worldwide due to shaky economies and plunging currencies in the developing world. While the sell-off in the U.S. has not been as notable as in Europe or …
Major Indexes End In The Red Zone; A Good Day For Netflix
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. equities closed in the red zone today amid sub-par economic data from China. Microsoft and Starbucks experienced notable gains (after hours) after releasing favorable updated company earnings data. One of Thursday’s largest gainers was Netflix Inc. (NFLX). The stock gained 16% (from $333 to $388) on the day after releasing internal …
Icahn Proposes Ebay Paypal Split; Outlook For Mining ETFs
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The Nasdaq hit a new 13-year high today, while the S&P posted modest gains and the Dow fell about 0.3%. IBM’s (IBM) 3% drop was a heavy blow to the Dow. Today was a great day for eBay (EBAY), Netflix (NFLX) and F5 Networks (FFIV) after releasing their quarterly earnings for Q4 …
Stocks Remain Flat; China’s GDP Numbers Are In
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Major indices once again closed in mixed fashion with the S&P 500 gaining just 0.29%, the Dow dropping 0.27% and the NASDAQ gaining 0.68%. After today’s small gain, the S&P 500 is down 0.2% for the year. However, remember that a flat market is much better than a falling market! We received …
Sluggish Day For The Indexes; A Look At The Volatility Of China ETFs
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 and Dow Jones Industrial Average closed lower today as lackluster fourth-quarter results came in from Citigroup (C), Goldman Sachs (GS) and Best Buy (BBY). Best Buy (BBY) reported a sales decline for the holiday season, which came as a surprise to many investors. The largest gainer of the day …
J.C. Penny Layoffs; India To Construct World’s Largest Solar Plant
[Chart courtesy of MarketWatch.com] 1. Moving The Markets One of the biggest news items today was that J.C. Penny (JCP) announced (just after the market closed) it will be closing 33 stores and cutting 2,000 jobs. The cuts will essentially result in cost savings of about $65 million according to Chief Executive Mike Ullman. The stock was down 0.86% today and …