Stocks traded lower on Friday, but, in Jim Cramer’s opinion, this wasn’t necessarily a bad thing. What doesn’t kill the market makes it stronger. He enjoyed the breather to rest up, especially since he suspects that the market will go higher next week. “The move I’m watching for is the takeout Read More
February 2015
Stocks struggling to end the month on a high notes today after shrugging off a GDP number that, while positive (2.2%), came in below analyst expectations. For those keeping score at home, the Nasdaq (^IXIC) remains about 20 points from 5000. February Consumer Confidence came in above expectations but below the January number which was Read More
With the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) hovering at all-time highs and the Nasdaq (^IXIC) ready to join the party, it’s not a bad time to take a deep dive into some of the stocks that may be poised to fall. Brad Lamensdorf, CIO, of The Lamensdorf Market Timing Report, Read More
By Sinead Carew NEW YORK (Reuters) – Wall Street stocks fell slightly on the last trading day of February as weak U.S. growth data made investors cautious, while European shares broke multi-year records ahead of the European Central Bank’s injection next month of 60 billion euros to spur growth. The FTSEurofirst 300 index of top Read More
Investors should start shedding some rallying stocks as U.S. markets linger near highs, CNBC’s “Fast Money” traders said. U.S. stocks were mixed on Thursday, but the Dow (Dow Jones Global Indexes: .DJI) closed at a record on Wednesday and the Nasdaq (NASDAQ: .IXIC) is threatening to break 5,000 for the first time in 15 years. Read More
The Nasdaq composite (NASDAQ: .IXIC) is ticking ever closer to 5,000, a level it has not breached since the heady days of March 2000. But it may have to take a breather before it gets there, according to Chicago-based trader Jim Iuorio of TJM Institutional Services. “Many times we make a run for these big, Read More
By Sinead Carew NEW YORK (Reuters) – Global equities dipped on Thursday as investor enthusiasm was dampened by a pullback in oil prices related to rising inventories, while the dollar rose as economic data drove expectations that the Federal Reserve will raise interest rates. The U.S. S&P 500 <.SPX> ended down, led by an 1.8 Read More
The Dow Jones Industrial Average (^DJI) made a fresh high, joining its cousin the S&P 500 (^GSPC) and now we await the Nasdaq (^IXIC) to push above 5,048. Instead of celebrating prosperity here’s what the media is likely to do which is the wrong attitude. Trot out the usual cast of fearmongers to tell everyone Read More
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stock index futures were little changed on Thursday ahead of a flurry of economic data, after the Dow edged up to a new record a day earlier while the Nasdaq snapped a 10-session winning streak. * Investors were looking ahead to data on the labor market and Read More