Momentum sell off resumes
Even good news on initial claims for unemployment has not been able to turn a two-day rally in U.S. stocks into a three-day rally. With technology and momentum stocks leading the way lower—again—the NASDAQ Composite index is down 2.47% as of 2:15 p.m. in New York.
P&G sale of its pet foods business is a sign of just how tough it is to generate growth in this slow-growth global economy
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Less risk of a global recession but relatively slow growth in 2014, the IMF projects
The International Monetary Fund carefully hedged yesterday’s good news on the global economy. Because the world’s developed economies—rather than historically faster growing developing economies—will provide the engine for global growth in 2014 and 2015, the world as a whole will grow slightly more slowly than the IMF had projected in early January
Copper prices are low enough to lead to cuts in production–eventually
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...What had been down is up today–but with earnings season about to start can we look for a trend?
Buy the dip? Dead cat bounce? Short-covering/short-squeeze rally? What exactly are we seeing today? The momentum names that have been hit hardest in recent sessions are among the market leaders so far in this session
Sell Citigroup–there will be better buys in other sectors after this market sell off
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Last week’s momentum rout doesn’t seem over, downtrend spreads to consumer discretionary and financial sectors
For a while this morning, it looked like the momentum sell off from the end of last week might be over. Such momentum leaders as Netflix (NFLX), Tesla (TSLA), and Yelp (YELP) were all in the green shortly after trading began at 9:30 a.m. New York time. But my mid-afternoon—2:15 p.m. to be exact—most of this group had returned to the red
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...More capital spending for Targa Resources, more cash for distribution
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Momentum stocks tumble again–bargains or falling knives?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Forget the weather excuse; U.S. job growth is just very modest period.
The U.S. economy added 192,000 jobs in March. That was slightly below the 195,000 expected by economists. The Bureau of Labor Statistics updated its survey for February to show the economy added 197,000 jobs that month and not 175,000. The official unemployment rate remained at 6.7%. Economists had expected the rate to tick down to 6.6%.
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