Nasdaq Joins S&P 500 in Fresh All-tIme Highs

Nasdaq

U.S. markets opened in rally mode following better-than-expected job numbers while holding momentum throughout the session and pushing fresh all-time highs. Comments from White House adviser Larry Kudlow who said trade talks with China were making progress also helped sentiment.Kudlow added the U.S. still aims to sign an initial deal this month, although the phase […]

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Trade Concerns Sidetrack Bulls

U.S. markets were weak throughout Thursday’s session following reports that Chinese officials are warning that they won’t budge on some issues that have been pushed by the U.S. and that they remain concerned about President Trump’s impulsiveness, casting doubt on the potential to reach a long term trade deal.Meanwhile, President Trump tweeted that China and […]

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Chart of Day… Beyond Meat

The stock plummeted earlier this week even though the company posted great earnings, had a positive operating margin, and raised its full-year guidance, that wasn’t good enough for the Street. The company earned a profit of $4.1 million, or six cents a share on sales of $92 million.  That’s up substantially from a loss of […]

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Bulls Rally in Final Hour as Fed Cuts Rates

U.S. markets were tepid ahead of the Fed’s decision on interest rates with the major averages showing weakness on the open but some strength ahead of the news. As expected, a quarter-point reduction was announced with the action muted as Wall Street awaited further developments.Fed Chairman Jay Powell’s comments afterwards were once again scrutinized but […]

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Markets Tentative Ahead of Fed’s Decision on Interest Rates

U.S. markets were sluggish throughout the first half of Tuesday’s action as the major indexes danced on both side of the ledger and within tight ranges. Much of the nervousness comes ahead of the Fed’s decision on interest rates Wednesday afternoon with Wall Street in a wait-and-see-mode heading into the event.Second half weakness ensued following […]

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S&P 500 Taps Fresh All-time High

U.S. markets showed continued momentum on Monday after President Trump offered another upbeat assessment on the progress in the U.S./ China trade talks. Trump said phase one talks with China are ahead of schedule with the agreement expected to be signed in November.The rally helped push the major indexes towards and past all-times highs on […]

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S&P 500 Falls Just Shy of All-Time High

S&P 500

U.S. markets were slightly weak to start Friday’s action following a couple of high profile earnings misses and slightly disappointing economic news. However, the major indexes got a lift following signs the U.S. and China are close to finishing some sections of the phase one trade accord.Treasury Secretary Steve Mnuchin and U.S. Trade Representative Robert […]

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Market Remains in Holding Pattern

risk assets

U.S. markets settled mixed on Thursday despite good news on the trade front. China said it will buy $20 billion of U.S. farm goods in a year if a preliminary trade deal is signed and would also consider boosting purchases further in future rounds of trade talks.Disappointing earnings weighed on the blue-chips along with a […]

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Bulls Stay Active Despite Choppy Action

U.S. markets showed continued choppiness on Wednesday following disappointing earnings from a couple of Dow components and ongoing geopolitical news. President Trump announced that he is lifting sanctions on Turkey after the country said they will be ending combat and imposing a permanent ceasefire in Syria.The tight trading ranges led to slightly higher closes for […]

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Chart of Day… Johnson & Johnson (JNJ)

Keep an eye on Johnson & Johnson (JNJ).One of my favorite ways to make money is by waiting on excessive fear. Look at Johnson & Johnson (JNJ) for example. In October 2019, the stock began to plunge out of the sky.  Investors feared the worst.  All after the company recalled a single lot of Johnson’s Baby Powder. […]

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