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Benzinga's Top ETF Gainers (TNA, UWM, UYM, DRN)
Friday, July 23, 2010 - 4:43pm | 183Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) and ProShares Ultra Russell2000 (ETF) (NYSE: UWM) traded higher today, as the Russell 2000 Index closed the session higher for a second day in a row. TNA gained 7.30%, UWM added 4.84%, while Russell 2000 gained 2.39% today. ProShares Ultra...
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Shorted Aloca at $10.77
Friday, July 23, 2010 - 11:37am | 106One of the three stocks that I shorted at yesterday's close that I will be posting for you today. Aloca (AA), still has a nice entry (actually better than the one I got) as of this post. Market update: Could be another one of those days where you ask yourself at day's end, "What did I do for 6...
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The Whipsaw Could Just Be Getting Started
Friday, July 23, 2010 - 10:19am | 434By all accounts the month of July has been very positive for the major stock market indexes. The SPDR Dow Jones Industrial Average (NYSE: DIA) is now higher by more than 7.0 percent from the early July low pivot. This is a sharp advance higher in less than a thirty day period for the markets. The...
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Top 4 Stocks In The Aluminum Industry With The Highest Gross Margin (KALU, AA, ACH, NOR)
Wednesday, July 21, 2010 - 5:52am | 136Below are the top aluminum stocks on the NYSE and the NASDAQ in terms of gross margin. The trailing-twelve-month gross margin at Kaiser Aluminum Corporation (NASDAQ: KALU) is 22.77%. Analysts at UBS upgraded KALU from “neutral” to “buy.” The trailing-twelve-month gross margin at Alcoa Inc (NYSE: AA...
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Top Performing Industries For July 20 (HOG, MEA, ACH, FCX)
Tuesday, July 20, 2010 - 12:54pm | 201At 11:22 am, the Dow lost 0.50% to 10,103.99, the broader Standard & Poor's 500 index moved down 0.27% to 1,068.33 and the NASDAQ composite index fell 0.63% to 2,184.36. The industries that are driving the market today are: Recreational Vehicles: This industry jumped 6.90% by 11:22 am. The top...
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July is Getting Bumpy
Tuesday, July 20, 2010 - 9:56am | 252This morning the major market indexes are all trading lower to start the day. The catalyst for this early decline is poor earnings estimates by some of the largest corporations. Since this earnings season started stocks such as Alcoa Inc (NYSE: AA), Intel Corp (NASDAQ: INTC), and CSX Corp (NYSE:...
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Coming Week:3 Key Market Drivers July 19th -23rd Abridged Version
Sunday, July 18, 2010 - 4:02am | 1707The following is an abridged version. For full details see The Coming Week: Stocks, Commodities, Forex – 3 Key Market Drivers July 19th -23rd Prior Week Bullish Market Movers ‘Successful’ EU Sovereign Bond Sales Overall Positive US Earnings Goldman Sachs Fraud Case Settlement Bearish Market...
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Coming Week:3 Key Market Drivers July 19th -23rd Abridged Version
Sunday, July 18, 2010 - 4:02am | 1707The following is an abridged version. For full details see The Coming Week: Stocks, Commodities, Forex – 3 Key Market Drivers July 19th -23rd Prior Week Bullish Market Movers ‘Successful’ EU Sovereign Bond Sales Overall Positive US Earnings Goldman Sachs Fraud Case Settlement Bearish Market...
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The Coming Week: Stocks, Commodities, Forex – 3 Key Market Drivers July 19th -23rd
Sunday, July 18, 2010 - 2:04am | 2513Prior Week Bullish Market Movers ‘Successful’ EU Sovereign Bond Sales Overall Positive US Earnings Goldman Sachs Fraud Case Settlement Bearish Market Movers US Earnings Negatives Poor Economic Data Coming Week EU Bank Stress Tests – The Main Event This Week EU Bond Sales US Corporate...
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The Coming Week: Stocks, Commodities, Forex – 3 Key Market Drivers July 19th -23rd
Sunday, July 18, 2010 - 2:04am | 2513Prior Week Bullish Market Movers ‘Successful’ EU Sovereign Bond Sales Overall Positive US Earnings Goldman Sachs Fraud Case Settlement Bearish Market Movers US Earnings Negatives Poor Economic Data Coming Week EU Bank Stress Tests – The Main Event This Week EU Bond Sales US Corporate...
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Dollar Weakens...And So Do Commodities (FCX, X, AA)
Thursday, July 15, 2010 - 2:39pm | 169The U.S. dollar is coming under pressure today after soft inflation and economic data spurred worries that the U.S. recovery may be sputtering out. Data today showed the third straight monthly decline in producer prices. The PPI now has its longest losing streak since the worst days of the...
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Market Waiting On JPM Earnings 07-14-2010
Wednesday, July 14, 2010 - 6:11pm | 873Cusick’s Corner The market stayed in a choppy consolidation range after the release of mixed economic data and FOMC revisions on GDP. The market is waiting for JPM earnings tomorrow which are due out around 7:30am ET. One important note -- the last time both Intel and JPM Chase beat earnings was...
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Guy Adami Thinks That VIX Is Going Higher
Wednesday, July 14, 2010 - 5:18pm | 130Guy Adami said on CNBC's Fast Money Final Trade that we have a double bottom in the VIX, and it is going higher from here. Guy Adami has a bearish outlook on equity markets, and this signal, in his opinion, confirms his bearish view. He explained that the 50-day moving average is still...
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Unemployment Impacting Retail Sales 07-14-2010
Wednesday, July 14, 2010 - 3:03pm | 724Cusick’s Corner Intel was impressive but was not enough overnight to hold up the market. This could be in part to the due to the low Retail Sales data that is potentially showing the pressure of continued high unemployment and the fact that there are a lot of unemployed who are losing benefits....
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Stock Market News for July 14, 2010 - Market News
Wednesday, July 14, 2010 - 9:16am | 621Stocks rallied for the sixth straight day on Tuesday as favorable earnings reports from aluminum giant Alcoa (NYSE:AA) and a successful auction, of $2.1 billion, of Greek debt bolstered global markets and strengthened the euro. As a result, investors overlooked Moody’s downgrade of Portugal’s...