Page 4 - Irwin Simon News Today

Growth number for the third quarter. Giving our country the fastest growth backtoback quarterly growth, that we have had in ten years. Thats a monumental turn. And while i typically dont care about these numbers, as you know, on a day when the dow inched three points lower, s p down 3. 2 and the nasdaq advanced 0. 7 , this gdp number is so encouraging that i actually think its worth to take a few moments out to discuss it. First, when youve had a run like the one we have had lately, it better be...

Every day bets on how companies will do and when the bullish bets overwhelm the bearish once, you get days like today where the dow gained 60 points, the s p climbed, while the nasdaq inched down. 2 , but are these bets informed . Or are they just guesses . It depends. Sometimes as we know from the confusing minutes released by the Federal Reserve this very afternoon, it is really difficult to get a good read. I couldnt make heads or tails out of whether the fed thought the economy was Getting B...

Sectors including the consumer from mcdonalds to chipolte. Breaking down verizon, dupont, and, of course, netflix. We sit down with the ceo, the presentation on the company slated for later this morning. First up, food and drink in the earnings parade. Mcdonalds misses with the second kwaurtd numbers, and flat with the period, up sharply on stronger than expected q 2 results and then theres coke with a slight earnings beat and revenue miss for q2, unit case volume up 3 globally, but flat in nort...

Crude continues to fall. Some americans can watch for 2. 50 a gallon gas. Can halliburton defend its oil business . Retail sales better than expected. Nordstrom earnings beat. A number of downgrades to contend with this morning. A Richard Bransonbacked ipo at the nasdaq, Virgin America. Well have the first trade and interview with the ceo coming up. Oil the big story, below 74. Baker hughes confirming it is in preliminary merger talks with halliburton. The journal story said motivations behind t...

We begin with the markets looking to burn through more records. Plenty of fuel after Third Quarter Economic Growth gets revised higher. Results came in shy of the missed performance. Asia hurt by slowdown. The night of protests in ferguson, missouri, after a grand jury decided not to indict Police Officer Darren Wilson. Economic growth was greater in the Third Quarter than the government originally thought. Gdp up 3. compared with 3. 5 . Latest results suggesting upwards revision of business and...

By pretty much all by yours truly. I liked it because it set the barlow for the rest of the year. The vast majority of Companies Reported when the dollar was too strong. Now we have a totally different scenario i see the dollar putting in the top, i see europe Getting Better than equity examined and i see order where others right now are gripped by chaos, the backdrop is changing. Which means we will not be listening to hang dog executives whining about all the head winds out there and i like th...

Consequences for your portfolio. Although, they were masked by todays roller coaster of a session. Dow ultimately advancing just seven points, s p dropping. 42 nasdaq. 92 . We were up a lot more half an hour before the closing bell. Made noises about how it was going to crack down on grease. Yeah, were still caught up in that greek tragedy. But i say lets talk about the wild swings in u. S. Stock. And whats behind them. Not about greek bonds and whats not. I say we have to understand the violenc...

Stocks. That way you can be ready for days like today, where the market flies, with the dow soaring 212 points, and the nasdaq climbing 0. 13 . Go back and think about yesterdays Late Afternoon pummeling. Or at least try to remember what caused it. Some European Central banker arguing with some greek politician. That kerfuffle gave you a chance to pick up Great American stocks at prices much cheaper than you otherwise would have gotten. We all get flyers in the mail with coupons. I get ones from...

Are quite high end quote and that they represent quote potential dangers. Yeah, i think her comments contributed to one more nasty session, dow plunging 86 points. Nasdaq tumbling 0. 40 . Everyone is entitled to their opinion. That doesnt mean i think everyone should express that opinion especially when they run the Federal Reserve and the topic is stocks. Why do i say that . As a grizzled veteran of the markets i know this can be unhelpful. I remember in december of 1996 when Alan Greenspan pan...

German bund got to nearly 80 basis points. Oil relatively flat. The tenyear hit 2. 30. The rising vix, some of these yields went bananas around 6 00 a. M. Eastern. Because of the percentages and how low they are in germany, you have a little change in germany, its a dramatic rate increases. People are losing fortunes. Now its 2 trillion in two weeks. When people say why are some of our stocks down look at the pain. People believe negative rates would get more negative even though there certainly...