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Reversal Flushes Market After Good Economic News
Thursday, September 30, 2010 - 12:55pm | 295A major reversal flushed the markets to the negative side today after a massive gap and go early in the day. Solid economic news at 8:30am ET on Jobless Claims and the third revision on GDP and even better news at 9:45am ET on Chicago PMI were the key catalysts to the surge early. However, that...
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Scanning the World Into Quarter-End
Thursday, September 30, 2010 - 11:22am | 813It's one of those days in the big city, the type of weather one prefers on a Sunday when you can stay in bed and watch football. It's not enough that it's dark and rainy; with the temperatures in the mid-seventies and 93% humidity -- and October peeking around the corner, no less -- you get the...
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NASDAQ Stocks Hitting 52-Week Highs (FFIV, ABBC, OPLK, PCLN)
Thursday, September 30, 2010 - 11:11am | 153F5 Networks Inc (NASDAQ: FFIV) shares jumped reached $106.98 to create a new 52-week high, before falling to $106.85, representing a 2.34% gain. Analysts at RBC Capital Markets upgraded FFIV from “sector perform” to “outperform.” Abington Bancorp Inc (NASDAQ: ABBC) shares reached $10.58 to touch a...
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September To Remember
Thursday, September 30, 2010 - 10:39am | 543All the talk in the media is about how good the month of September has been. Since the start of the month of September the S&P 500 Index has rallied higher by about 11.0 percent. As we all know by now, historically September has been one of the worst month's for the major stock indexes. However...
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Kass Pressing His Shorts
Thursday, September 30, 2010 - 10:31am | 106Doug Kass tweeted that he is adding on to this short positions, as the Chicago PMI was aided by auto production. He goes on to say that the leading stocks, like Baidu (NASDAQ: BIDU), Amazon.com (NASDAQ: AMZN) and Netflix (NASDAQ: NFLX) are lagging this morning. Kass has been pressing his shorts a...
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Priceline.com Expected To Continue Growing, New Estimates And PT From JP Morgan
Thursday, September 30, 2010 - 10:10am | 89JP Morgan is establishing 2012 Estimates and a 2011 December price target for Priceline.com (NASDAQ: PCLN). In its research report, JP Morgan writes "We are establishing our 2012 estimates and December 2011 price target. We believe the company will continue to gain market share both domestically...
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Sozzi Says Fedex Price Increases Not Good For Online Retailers (FDX)
Wednesday, September 29, 2010 - 3:13pm | 138Wall Street Strategies equity analyst Brian Sozzi tweeted that the recent price increase by FedEx (NYSE: FDX) will hurt online retailers such as Amazon.com (NASDAQ: AMZN) and Overstock (NASDAQ: OSTK). Earlier this morning, Fedex announced it will raise shipping rates for FedEx Express by an average...
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Top Performing Industries For September 29 (INVE, MU, NFLX, JBL)
Wednesday, September 29, 2010 - 10:57am | 193At 10:41 am, the Dow lost 0.33% to 10,822.19, the broader Standard & Poor's 500 index moved down 0.42% to 1,142.88 and the NASDAQ composite index fell 0.36% to 2,370.93. The industries that are still afloat in the market today are: Computer Peripherals: This industry jumped 2.75% by 10:41 am....
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NILE Setting Up As A Nice Short
Wednesday, September 29, 2010 - 10:50am | 128I came across Blue Nile (NILE) this morning as I was going through my scans. NILE stuck out to me mainly because of the multi-year resistance levels that is seen just above the current price. Also this stock is in the beginning of a well-defined downtrend, and if it can break below the mid-40's...
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Market Leaders Showing Weakness (DJIA, COMPQ, AAPL, HPQ, AMZN, NFLX, BIDU, FCX)
Tuesday, September 28, 2010 - 11:59am | 218The equity markets are holding onto slim gains this morning after opening weaker. The Dow (DJIA) is up 31 points while the Nasdaq (COMPQ) is higher by 0.6 points. However, it's interesting that many of the market's new leaders are struggling today. Apple (NASDAQ: AAPL) is off $3.01 to $288.15. The...
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Amazon Launches Kindle for the Web
Tuesday, September 28, 2010 - 8:06am | 125Amazon.com (NASDAQ: AMZN) today introduced the beta version of “Kindle for the Web,” making it even easier for customers to discover new books and authors by sampling Kindle books directly through web browsers with no installation or downloading required. More information about Kindle for the Web...
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Afternoon Market Update (DELL, WMT, AMZN, RIMM)
Monday, September 27, 2010 - 12:44pm | 189Shares of Dell Inc (NASDAQ: DELL) moved up about 0.4% after analyst Brian Marshall of Gleacher & Co resumed coverage of the company with a “neutral” rating. The target price for the company is set at $12. Walmart Stores Inc (NYSE: WMT) has offered more than $4 billion to purchase Massmart...
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After Reversal Yesterday, Markets Rip Higher - Voice of the People
Friday, September 24, 2010 - 9:51pm | 537Zacks' Voice of the People Highlights user inthemoneystocks: "After Reversal Yesterday, Markets Rip Higher" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post After Reversal Yesterday, Markets Rip Higher The markets dropped sharply...
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Fed Speak Friday - Volcker, Lacker and Ben Batting 1, 2, 3
Friday, September 24, 2010 - 12:50pm | 2916By Phil of Phil's Stock World What a fun day for debate! Former Fed Chair, Paul Volcker went way off-script in Chicago yesterday and "moved unsparingly from banks to regulators to business schools to the Fed to money-market funds during his luncheon speech. He praised...
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Markets Rage Higher As Technology Continues To Lead
Friday, September 24, 2010 - 12:46pm | 287Technology has truly been the leader of this rally over the last month. The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: QQQQ) has soared from $42.97 to a high today of $49.65. That is a 15.50% rally in just one month. Truly amazing. Stocks like Apple Inc. (NASDAQ: AAPL) have gone from $235.56 to...