Author: Scott Redler

The bulls tried to defend the 1118-1122 S&P level for most of the morning, but were ultimately unsuccessful despite another ISM beat. I guess the “new money” this quarter wasn’t strong enough to fight the current. The...

Monday AM Action     (MS) Morgan Stanley estimates lowered at Credit Suisse   (DB)   Alcoa Downgraded to Hold from Buy at Deutsche Bank   (AA) Alcoa Downgraded to Hold from Buy at Deutsche Bank   (VTSS)  Vitesse now sees Q4...

Yesterday leading stocks started to lag the market and show technical damage, which was not a promising sign for bulls. While the Dow remained in positive territory for most of the day, individual stocks started to break...

(MU) Micron Downgraded to Neutral from Outperform at Wedbush – Price target cut to $7 from $9. Micron’s Q4 was likely a bottom, says UBS (IR) Ingersoll-Rand down on a bad miss and downgrade (Rand Cut To Neutral From...

The market opened sharply higher this morning based on three positive morsels: better than expected GDP, lower than expected jobless claims, and an affirmative vote in German parliament to increase the EFSF. But those thinking...

The Goodyear Tire and Rubber (GT_) is an interesting stock to watch. It has some positive fundamental influences. Its price to raw material cost outlook is improving as recent price increases are likely to offset inflationary...

Jobless claims come in lower than expected, a good number that should add to the pre-market rally. It was a good number, the best report since April. 391k vs. 420 expected.  (AMD) Advanced Micro Devices, Inc. 5 downgrades on AMD...

The market failed at the upper end of its range once again today, accelerating to the downside into the close. The Nasdaq was the weakest index, finishing down 2.2%. Most major technical areas were violated around mid-day today,...