Listen To Monday’s Investor’s Edge Radio Show: Stoolander Edition 05/23/2016
Highlights: 1. Market Wrap 2. Gary breaks down Monday’s action for you 3. Gary tells you where the big money is flowing
The Morning Look
Market Update: Stock futures are higher ahead of Tuesday’s open as the whip saw action continues on Wall Street. In the near term, the S&P 500’s next level of resistance is the 50 day moving average. Gary’s Thoughts: Economic Data: Redbook 8:55 AM ET New Home Sales 10:00 AM ET Richmond Fed Manufacturing Index 10:00 AM ET 4-Week…
The Closing Look
Stocks were quiet on Monday as investors piled into Apple (AAPL) and several semiconductor stocks. Apple rallied after a report was released that suggested the tech giant asked its suppliers to prepare 72-78 million units, above the market’s expectation of 65 million units for the iPhone. In other news, two Fed officials spoke on Monday and both were…
IMAX to bring virtual reality to theaters @FoxBusiness
https://video.foxbusiness.com/v/4907871153001/imax-to-bring-virtual-reality-to-theaters/?#sp=show-clips
Tom Brady Tosses Legal Hail Mary With Deflategate Appeal @FoxBusiness
http://www.foxbusiness.com/features/2016/05/23/tom-brady-tosses-legal-hail-mary-with-deflategate-appeal.html
Universities’ Big Commencement Speech Fees Not Adding Up? @FoxBusiness
http://www.foxbusiness.com/features/2016/05/23/universities-big-commencement-speech-fees-not-adding-up.html
Appeals Court Throws Out $1.27 Billion Penalty Against Bank of America @FoxBusiness
http://www.foxbusiness.com/markets/2016/05/23/appeals-court-throws-out-1-27-billion-penalty-against-bank-america.html
Viacom CEO Files Suit Over Removal from Sumner Redstone’s Trust @FoxBusiness
http://www.foxbusiness.com/markets/2016/05/23/viacom-ceo-files-suit-over-removal-from-sumner-redstones-trust.html
5 tech companies flushed with cash @FoxBusiness
https://video.foxbusiness.com/v/4907597704001/5-tech-companies-flushed-with-cash-/?#sp=show-clips
Greece to get lenders’ OK for new loans but no debt relief yet
http://www.reuters.com/article/us-eurozone-greece-idUSKCN0YE1UI