[Chart courtesy of MarketWatch.com] 1. Moving the Markets The stock market rally continued modestly here in the U.S. today, driven higher by a rebound in oil prices on negative news and solid earnings reports from international Yum Brands companies. Yum Brands (YUM), the parent company of fast food giants KFC, Taco Bell and Pizza Hut, handily beat first-quarter earnings expectations, …
Mission Accomplished: S&P 2,100 And Dow 18,000
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets are feeling warm and fuzzy after returning to familiar 2015 stomping ground of 18,000 for the Dow and 2,100 for the S&P 500. As was to be expected, some analysts are now even predicting that the Dow could climb to 18,700 over the next year and a half, largely driven by …
Dow Conquers 18,000 Level
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Despite yesterday’s miserable failure of the OPECers to come to a production limitation agreement, the markets headed north with the S&P climbing to a 4-month high while the Dow managed to close above the 18,000 level, its highest point since last July. When news of the OPEC failure came out yesterday, oil …
ETF/No Load Fund Tracker Newsletter For April 15, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/04/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-04142016/ ———————————————————— Market Commentary MARKETS POST GAINS FOR SECOND WEEK OF APRIL [Chart courtesy of MarketWatch.com] 1. Moving the Markets Although markets closed slightly lower on Friday, they remained in positive territory for the week. The 3-day rally from Tuesday to Thursday helped stocks continue on a bullish path. We heard news from China …
Running Out Of Steam
[Chart courtesy of MarketWatch.com] Stocks ended flat Thursday, taking a breather after a nice two day rally. Trading today was mostly influenced by earnings reports from Bank of America (BAC) and Wells Fargo (WFC). Bank of America topped both earnings and revenue estimates. Wells Fargo topped profit expectations but was slightly below par on revenue. BofA gained and Wells fell …
Markets Climb Back To 2016 Highs
[Chart courtesy of MarketWatch.com] Markets soared higher today on strong earnings from JPMorgan that resulted in bullish sentiment on upcoming report cards for the financial sector. That’s the official MSM version. Mine is that if you set the earnings bar low enough, the numbers can be beat, which happened today and resulted in a lift of share prices for the …