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June 21, 2024
What happened. It was like a bell that went off. It was the stock of google. It actually went higher. Yeah. On a day when the dow dropped twelve and nassau dak declined 11 . Google stopped trading, managed to jump more than 5 i almost did a double take if not a spit take. Do you know where these averages are up double digits, google is actually down. Three percent. Google is not alone. Amazon down 21 . Netflix down 5 . Whats going on with the fafs. How could the order for their stocks have coole...
June 21, 2024
Week. Not discussed at all, including today, when the dow opened big. Nasdaq advancing 0. 31 . A lot of that because of apple. Apples endless inexorable rise is a gigantic underpinning of this market and we must never forget that fact. Oh, we may focus on the gyrations of ali baba and marvel at the possibilities of twitter. We may be fascinated how macys rallied. Nevertheless, its apple thats the leader. And that in itself is amazing, given everything we ever thought possible about any one parti...
June 21, 2024
That gains ground or sheds point in a heart beat as it did today with the dow sinking 171 points s p falling. 84 and the nasdaq declining. 68 you might think we plummeted off todays labor report that huge big number, but ill explain later, those strong numbers, it was actually terrific for stocks. I think were trapped in the irrational world where a sharp decline in oil like we had at one point today gives scared cats a reason to. Sell sell sell. Stocks. There is where individual earnings report...
June 21, 2024
At the center of those issues was a Company Almost everybody knows. Ups. And wasnt good. Shares tumbled nearly 10 making it the worst performing stock on the s p 500. After the parcel shipping company closely watched because its viewed as the barometer of the health of the economy warned investors to expect weak Fourth Quarter results. The reasons . Unfavorable currency rates, volume fluctuations because of the west coast port disputes and those low oil prices . Well they arent helping as much a...
June 21, 2024
Was a Company Almost everybody knows. Ups. And wasnt good. Shares tumbled nearly 10 making it the worst performing stock on the s p 500. After the parcel shipping company closely watched because its viewed as the barometer of the health of the economy warned investors to expect weak Fourth Quarter results. The reasons . Unfavorable currency rates, volume fluctuations because of the west coast port disputes and those low oil prices . Well they arent helping as much as many believed they would and...
June 21, 2024
At the center of those issues was a Company Almost everybody knows. Ups. And wasnt good. Shares tumbled nearly 10 making it the worst performing stock on the s p 500. After the parcel shipping company closely watched because its viewed as the barometer of the health of the economy warned investors to expect weak Fourth Quarter results. The reasons . Unfavorable currency rates, volume fluctuations because of the west coast port disputes and those low oil prices . Well they arent helping as much a...
June 21, 2024
Was a Company Almost everybody knows. Ups. And wasnt good. Shares tumbled nearly 10 making it the worst performing stock on the s p 500. After the parcel shipping company closely watched because its viewed as the barometer of the health of the economy warned investors to expect weak Fourth Quarter results. The reasons . Unfavorable currency rates, volume fluctuations because of the west coast port disputes and those low oil prices . Well they arent helping as much as many believed they would and...
June 21, 2024
Watching this morning. Crude oil prices falling. This is all coming as traders question reports that opec might meet for the meeting in june. Some people questioning those sources but its been something the oil market has been watching closely. In other global news positive developments on the on going greek saga. Athens sending economic reform plans to the euro zone overnight. The proposals include measures to crack down on tax evasion and corruption. And back here a packed agenda of economic a...
June 21, 2024
Whats right for the economy when it sees fit and may or may not be patient depending on whether patience is required or warranted. The dow gained and the s p gained 2. 22 and the nasdaq. So we go back to what brought us up here profit outlooks opportunity, and most important, pentup demand. No not pentup demand for laborer sales or new homes. Pentup demand for stocks. As so many Portfolio Managers wanted to be sure the fed wasnt going to create another they know nothing moment and crash stocks l...
June 21, 2024
That believes if Interest Rate dposs go higher you have to sell everything. A fear that caused the dow to drop 180 points. Dow only declining 107 points. Nasdaq. 35 . A very nice come back in the end. Thats why i want to spend some time on the notion when positive things happen to economies around the world. You tend to ultimately go higher. So at the risk at the risk of being like cramer fav and what can drive stocks higher tonight im going to show you why good news is good. It all starts at 3 ...