Entries by Gary Kaltbaum

The Closing Look

Stocks rallied on Thursday as the market added to Wednesday’s very strong positive reversal. Overnight, the Shanghai composite plunged -6.4% and hit a three-week low. Rumors spread that China’s central bank injected another $52 billion into the money market to help stabilize markets. The ChiNext index which tracks small-cap Chinese stocks tanked -7.7% which clearly […]

In End of an Era, MetLife Looks To Part With Insurance Agents

Insurer is in talks to sell business of roughly 4,000 sales people to Massachusetts Mutual By LESLIE SCISM Updated Feb. 25, 2016 8:22 a.m. ET 13 COMMENTS MetLife Inc. is preparing to part ways with a central force in the company’s history: its life-insurance agents. The nation’s largest life insurer by assets is in talks […]

Cutting The Cord? Not So Fast: Cablevision Ends 2015 With First Customer Growth Since 2008 Crisis

Cablevision Ends 2015 With First Customer Growth Since 2008 Crisis Cable operator’s quarterly revenue comes in below expectations Cablevision Systems Corp. said 2015 marked its first year-over-year growth in customers since 2008, though the cable operator’s fourth-quarter revenue was slightly below expectations. As of Dec. 31, Cablevision reported 3.1 million total customers—businesses or households that […]

FT: CEO Email Scam Costs Companies $2bn

A scam in which criminals impersonate the email accounts of chief executives has cost businesses around the globe more than $2bn in little over two years, according to the US Federal Bureau of Investigation. The FBI has seen a sharp increase in “business email crime,” a simple scam that is also known as “CEO fraud”, […]

WSJ: U.S. Warns Banks Off Russian Bonds

U.S. Warns Banks Off Russian Bonds State, Treasury say helping sell debt would undermine sanctions on country The U.S. government has warned some top U.S. banks not to bid on a potentially lucrative but politically risky Russian bond deal, saying it would undermine international sanctions on Moscow, people familiar with the matter said. The move, […]

The Morning Look

Stock Market Overview:  Futures are up ahead of Thursday’s open. Stocks staged a big positive reversal on Wednesday after bouncing off their 10 day moving average line. The next level of resistance to watch is Monday’s high and the 50 DMA line. Gary’s Thoughts: We repeat…watch the 50 day. A move above does not hurt but keep […]