[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 …
Equities Rebound As Tesla Blazes A Trail
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks rebounded today which resulted in the S&P 500 posting its largest gain so far this year. Positive market sentiment today seemed to rally around the Fed’s Richard Fisher and Charles Plosser optimistic economic recovery as they expressed continued support for the central bank tapering. However, many investors seem to feel that …
Stocks Slump, But Corn Looks Tasty!
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stocks experienced a late day sell off that brought the benchmark indexes to a 4-month low. The sell-off was primarily a reaction to the weak December jobs report and the Fed’s comments about further reducing the stimulus. The December jobs report claimed that only 74,000 jobs were added in December, which …
ETF/No Load Fund Tracker Newsletter For Friday, January 10, 2014
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2014/01/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-01092014/ ———————————————————— Market Commentary Friday, January 10, 2014 STOCKS STILL COLD THIS WEEK, BUT ENGERGY ETFS DON’T MIND [Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stocks ended Friday mixed after the U.S. December jobs report disappointed though losses were limited and trading remained …
Market Still Yet To Break Out Of 2014 Slump
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 index eked out a marginal gain today, while the Dow Jones Industrial Average dropped, weighed down by losses for Verizon Communications Inc. (VZ) and AT&T Inc. (T). Bed Bath & Beyond Inc. (BBBY) shares fell 12.5% after the retailer reported fiscal third-quarter earnings and trimmed its outlook late Wednesday. …