Energy stocks have posted large losses in trading so far today, with Chesapeake Energy (CHK) and Devon Energy (DVN) leading the way lower. Energy companies seem to have been affected by a glut in production of liquid natural...
Read MoreEarlier today, the government reported sales of new homes rose 7.6% in May. According to the census bureau, sales hit an annual rate of 369,000, which is higher than the revised April rate of 343,000 and a 20% year-over-year...
Read MoreThe bad news out of Europe continued over the weekend, and US stock futures have tracked global stock markets down this morning. Spain formally requested a bailout for its beleaguered banking system, and Greece announced that...
Read More(Vanessa Han contributed to this report) Despite the fact that we are officially in Summer trading, with the market in a volatile state there are several important events coming up over the next few weeks that you should be...
Read MoreYou don’t have to always know exactly what’s going to happen in the market, but sometimes if you are just prudent and respect key levels and technical signals, you end up making the right trade. This week we had...
Read MoreBank stocks are up slightly across the board this morning following a downgrade by Moody’s that many analysts expected would be far more severe. JPMorgan (JPM) and Morgan Stanley (MS) have seen the largest rises, but...
Read MoreAfter a spike in prices last year, the price of coffee futures hit a 2-year low, and coffee chains such as Starbucks (SBX) and Dunkin’ Donuts (DNKN) are ready to capitalize. Investors are predicting the price to drop based...
Read MoreToday it felt like we got a delayed reaction to the Fed announcement from yesterday. The FOMC decided to extend Operation Twist by 6 months rather than begin QE3, which most thought would be a negative for the market. However,...
Read MoreMarkets tried to hang in there but got a 1-2 punch from the Philly Fed and then the Goldman “sell note” was too much to absorb! Some guys who sold into the S&P 1357-1363 area are very happy about this action....
Read MoreAfter showing relative strength on Monday when many expected the Chinese internet search provider to acquire a stake in UCWeb, shares of Baidu.com continue to slide falling 2.64% during today’s trading. The stake in UCWeb...
Read More
