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Airline Stocks Remain In The Positive Territory, While Broader Markets Goes Into Red
Wednesday, June 30, 2010 - 4:07pm | 153After suffering from severe downfall yesterday on concerns over slower economic growth across the globe, airlines stocks came back to life today. The stocks have managed to remain in the black, even after the wider market has slipped into the red in late afternoon trading. After soaring more than...
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Top Narrow Based Indexes for June 30 (SPEX, PNCL, TSLA)
Wednesday, June 30, 2010 - 3:05pm | 216By 12:47 pm, the Dow Jones Industrial Average was up 0.91 points, or 0.01%, to 9,871.21, while the broader Standard & Poor's 500 index had gained 2.22 points, or 0.21%. The NASDAQ composite index had also climbed 9.24 points, or 0.43%. Some of the narrow based indexes that are driving the...
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Top Performing Industries For June 30 (UAUA, TPGI, BBW, DWSN)
Wednesday, June 30, 2010 - 2:59pm | 223At 11:57 am, the Dow gained 0.36% to 9,905.37, the broader Standard & Poor's 500 index moved up 0.57% to 1,047.22 and the NASDAQ composite index rose 0.75% to 2,151.21. The industries that are driving the market today are: Major Airlines: This industry gained 5.01% by 11:57 am. The top stock...
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Afternoon Market Update (AAPL, AFL, MS, UAUA, CAL, DAL)
Monday, June 28, 2010 - 1:13pm | 224In the initial three days of the launch of its new iPhone, Apple Inc (NASDAQ: AAPL) has sold 1.7 billion new iPhone 4 units. There are reports of shortages of the device in the market. Shares of AAPL have gained more than 7% since the company unveiled the device in San Francisco. CEO Steve Jobs...
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BW: CGM Focus's (CGMFX) Ken Heebner - a Hot Touch Gone Cold
Friday, June 25, 2010 - 11:03am | 1956It is amazing what a few years will do to you. Not 2 years ago Ken Heebner of CGM Funds was the most celebrated mutual fund manager since Peter Lynch. [May 28, 2008: Ken Heebner - America's Hottest Investor] His mad dash concentrated style broke the mold in a staid profession. [May 6, 2008:...
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2010 Fund Performance Period 6
Thursday, June 24, 2010 - 3:54pm | 3836If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story in Barron's [A New Kind of Fund Manager] [...
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Some Positioning Ahead Data 06-22-2010
Tuesday, June 22, 2010 - 7:32pm | 790Cusick’s Corner The trade turned south into the After Hours, in part due to disappointing housing data (as mentioned in the Midday) and ahead of the release of New Homes Sales in tomorrow’s premarket, plus the upcoming FOMC decision. With these erratic moves over the last two days shaking out the...
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Restructuring World: Major Spin-Offs From Major Companies (AIG, PUK, AMR, BAC, BCS, BP, GE, GENZ, HBC, LMT, MDR, MOT, STR, SUN, VZ, FTR, VSH)
Monday, June 21, 2010 - 7:47am | 346Restructuring never ends in many large corporations. After a week’s worth of reading through dozens of corporate deals in the pipeline and analyzing others which could be close, it seems that many of America’s (and ex-US) largest companies are about to go through major changes because of asset...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 46
Sunday, June 20, 2010 - 10:14pm | 2482Year 3, Week 46 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash:70.8% (v 84.8% last week) 16 long bias: 16.8% (v 13.1% last week) 8 short bias: 12.5% (v 2.1% last week) [Includes 1 'long dollar'...
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Gold On The Move 06-18-2010
Friday, June 18, 2010 - 3:25pm | 779Cusick’s Corner The trade so far today is uneventful, just whipping around in a tight range into the Midday. Gold is about the only thing that is moving today, GLD, and this time there is no domestic or foreign reason (but one of my more conspiracy driven cohorts pointed out, you never hear what...
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Risk Appetite Back 06-15-2010
Tuesday, June 15, 2010 - 6:31pm | 773Cusick’s Corner The market kept its head of steam into the close above long-term resistance, 1108 on the S&P. The appetite for “Risk” seems to be back. As noted in the Midday, we need to see follow through and we did, especially in large cap Tech, QQQQ, plus there was some volume which is...
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Small Caps Missing Bounce 06-15-2010
Tuesday, June 15, 2010 - 3:13pm | 790Cusick’s Corner The market has bounced nicely into the Midday, with Finance, XLF, and Energy, XLE, sectors leading the advance in challenging the longer-term resistance represented by the 200 Simple Moving Average [SMA]. What is concerning about this rally is that we are not getting bullish...
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Energies Impressive 06-14-2010
Tuesday, June 15, 2010 - 3:11pm | 676Cusick’s Corner As I write this into the close, the market has hit a patch of resistance at the highs but there has not been any noticeable selling that would be breaking this current up trend. One of the more impressive sectors as of late has been Energy (XLE). Despite the issues in the Gulf, BP...
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Momentum Building 06-14-2010
Tuesday, June 15, 2010 - 3:08pm | 692Cusick’s Corner What a difference a weekend makes. With the Euro up and the Eurozone up, the market continues a nice bullish trend into the Midday. The major market averages are challenging resistance, SPX 1100, and if we can get some momentum into the After Hours, this rally could garner some...
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Late Market Roundup
Tuesday, June 15, 2010 - 2:36pm | 356After seesawing in early trading, gold futures strengthened today as its safe-haven status provided a degree of support for the metal. Gold for August delivery moved up 0.2% to $1,226.30 an ounce on the Comex division of the New York Mercantile Exchange (NYMEX). According to the analysts at...