Stocks ended lower on Monday as traders returned from a shortened holiday week. The extended areas in the market began pulling back which is perfectly normal at this point. Later this week, the market has to deal with the OPEC meeting, the end of the month and the always fun and fake jobs report. Gary’s…
By Gary Kaltbaum- November 27,2016 We can continue to be quite succinct with the market on both the good and the bad. As far as what has been working, the worst thing we can see is that they are way, way, way overdue to pull in. All are stretched, all are extended and all remain…
Amazon.com (AMZN), Macy’s (M), Wal-Mart (WMT), Target (TGT), Nordstrom (JWN)— Retail stocks will be on watch Monday as investors react to the latest sales numbers from this past weekend, the traditional kickoff to the holiday shopping season. Current information points to more upbeat numbers for online retailers like Amazon, and less sanguine results for traditional…
Market Update: Stock futures are lower ahead Monday’s open as traders return from a shortened holiday week. Looking forward, the highlights for this week are: OPEC’s next meeting, End of Month, and the always fun (and fake) jobs report. Gary’s Thoughts: Can’t be! Futures are down? Thought market never going down again! Economic Calendar: Dallas…
Stocks were mixed on Wednesday as investors digested the latest round of economic data, including minutes from the Federal Reserve’s November meeting. The Minutes showed the Fed still wants to raise rates in December. Separately, Durable Goods rose by +4.8%, beating estimates for +1.5%. Gary’s Thoughts: 100% certainty of rate hike. Happy Thanksgiving to everyone.
JCPenney (JCP) — JCPenney kicked off in-store Black Friday on Thanksgiving Day, opening its doors at 3 p.m. to long lines of shoppers. This year, the retailer offered to match customer purchases of over $10 and up to $500. Wal-Mart (WMT) — The retailer’s shares edged higher in pre-market trading as Wal-Mart began offering Cyber…
Market Update: Stock futures are higher ahead of the open as consumers all over the country flock to the stores trying to grab Black Friday deals. The market will close early (at 1pm EST) today. When you have a chance, check out copper (JJC), check out FCX, check out AKS, NUE, X…check out BHP,RIO,SCCO…it is a…
Market Update: Stock futures are relatively quiet ahead of Wednesday’s open one day after the major indices hit fresh record highs and topped psychologically important levels. The stock market will be closed all day on Thursday (in observance of Thanksgiving) and close at 1pm EST on Friday. Gary’s Thoughts: Futures down…nah, that can’t be. Market never…
Stocks rallied on Tuesday helping the Dow trade above 19,000 and the S&P 500 top 2,200 for the first time ever. These are “round” numbers and important psychological levels to watch going forward. Existing home sales jumped to a 9.5 year high. Steel stocks continued to surge and act very well. Gary’s Thoughts: 19,000 dow…most…
The Dow Jones Industrial Average, Nasdaq composite, S&P 500 all hit record highs on Monday. Monday was the first day of the shortened holiday week. The benchmark S&P 500 hit a fresh record high after energy prices rallied 2% on renewed optimism that OPEC would cut production. Apple ($AAPL) and IBM ($IBM) were two big…
