Stocks rallied on Wednesday after crude oil broke out and hit a fresh high for 2016. This helped a slew of commodity stocks rally which lifted the broader indices. Earnings data was mixed. Shares of Yahoo (YHOO) and United Healthy (UNH) rallied after reporting numbers but others fell. Economic was relatively light. Existing home sales beat estimates…
Stock Market Overview: Futures are relatively quiet ahead of Thursday’s open as investors digest the latest round of earnings data. Gary’s Thoughts: After yesterday’s close, we reported to you that late in the day, gold and gold stocks petered out. The thought process was that the move had become tired. Never mind! Gold gapping up today as the…
On Tuesday, the market opened higher but sold off shortly after the open as a lot of money piled into commodity stocks as the US dollar fell. Crude oil broke out of its latest base and hit a fresh multi-month high. Silver soared over 4% and also vaulted to a fresh multi-month high. Netflix (NFLX),…
Stock Market Overview: Futures are relatively quiet ahead of Wednesday’s open as investors digest the latest round of earnings data. Gary’s Thoughts: We love quiet. Quiet is easier to measure than violent. Would love some quiet for a few days but doubt it. Mucho earnings to come out this week…so stay tuned. And we hear the…
“STILL NO ISSUES!” Gary Kaltbaum April 19,2016 We continue to be asked how can markets go up with earnings and sales going down. We repeat: Since the lows, Europe has increased and extended the printing of money to 1 trillion/year. They have also stated they have more they can do…and are now buying up markets. Japan…
Stocks rallied on Monday, led by a huge positive reversal in crude oil, after oil producers decided not to freeze production on Sunday. A slew of energy stocks surged on the news. Earnings news was mixed. Morgan Stanley ($MS) fell after reporting a lousy quarter. Elsewhere, Hasbro (HAS) enjoyed a huge breakaway gap after the…
Stock Market Overview: Futures are higher ahead of Tuesday’s open as investors digest the latest round of earnings data. NFLX, ILMN and IBM are down after reporting earnings. Gary’s Thoughts: Earnings crappy…futures up as metals,mining and all that stuff up again. Economic Data: Housing Starts 8:30 AM ET Redbook 8:55 AM ET 4-Week Bill Auction Highlights…
Stock Market Overview: Futures are lower ahead of Monday’s open as investors digest last week’s rally and OPEC’s decision not to freeze production. Gary’s Thoughts: Futures down but not as bad as last night. A sit back and watch day. MS earnings and sales were terrible but guess what? They beat the number. The stock is up…
Because of late breaking news, we are going to take an audible. The fact is large-cap indices have gotten back near their old highs. The central banks have done a great job of juicing the markets again. Since the lows, we have told you that all the areas that were leading the market down for 18 months…
Stocks drifted lower but were relatively quiet on Friday as investors digested a strong weekly gain. Overnight, China said its economy grew by +6.7% in the first quarter of 2016, which came in just below China’s goal of 7%. Oil prices slid ahead of Sunday’s OPEC meeting in Doha about a possible output freeze. Gary’s Thoughts: Paint…
