The S&P 500 rose 3.6 percent on Thursday and Friday alone. The rally was triggered when European Central Bank (ECB) president Mario Draghi said, “Within our mandate, the European Central Bank is ready to do whatever it takes to preserve the euro, and believe me, it will be enough.”  His statement sent the markets up, UP and AWAY! Read more about "Within Our Mandate"

ilene / Tag: / 0 Comments
30
Jul
2012

QE3, ECB or Bust

Well, perhaps not literally, but it is high time that the Central Banks started following up on their statements with action. How many times have we heard “We will do whatever it takes to…” or “We have a number of choices to make regarding getting the economy going ….”  Can we please do one or two of those things?   Right now, getting Europe back on track is mandatory to avoid a catastrophic dismantlement of the euro.  And with withering domestic economic numbers, it is time for more action and less talk from our Fed Chairman. Read more about QE3, ECB or Bust

david / Tag: CHK, FOLD, SNTA, GPX, VGK, IEV, EWP, EWI, FEZ / 0 Comments

"Hopes are high that Draghi will back up his words with action when the central bank meets Thursday, " said David Brown, the CEO and Chief Market Strategist at the research firm Sabrient Systems (as quoted by Associated Press reporter Matthew Craft). Read More.
  Read more about Draghi's Pledge to Protect Euro Set Off Last Week's Rally

walter / Tag: Euro, Draghi / 0 Comments

ConvergEx Group Announces Winners of Jaywalk Independent Research Provider Performance Awards for First Quarter 2012

New York, July 11, 2012 – ConvergEx Group, a leading technology company, today announced the results of its Jaywalk Independent Research Provider Performance Awards for the first quarter of 2012. This program seeks to recognize Jaywalk’s Independent Research Providers (IRPs) for their exceptional research recommendations. Read more about Sabrient Wins Best Overall Calls Award Q1

walter / Tag: Q1, Best Calls / 0 Comments

By Robert Baillieul

Severe drought and record heat is wreaking havoc on the mid-west food harvest. Lower farm yields and dwindling inventories have resulted in a 50% surge in corn prices over the past month with little relief in sight. But record food prices have created a boom for agricultural chemical companies. The sector is up 13% in the last month with traders are betting that higher food prices will boost demand for fertilizers. Read more about Hedge Funds Are Bullish About These Agriculture Plays

walter / Tag: MOS, CF, POT, AGU / 0 Comments

Chaos is inherent in all compounded things. Strive on with diligence.” -- Buddha

Within the span of just three days, the Dow Jones Industrial Average (DJIA) swung from a two-week low to the edge of a three-month high. All it took was for the president of the European Central Bank (ECB) Mario Draghi to say with apparent conviction that he would do “whatever it takes” to protect the Eurozone from collapse. Read more about ETF Periscope: EU and ECB Dangle More Promises; Wall Street Takes the Bait

daniel / Tag: DJIA, ECB / 0 Comments

Scott MartindaleMarkets attempted to rebound on Wednesday after two days of fear and loathing, but extreme weakness in Apple (AAPL) held back the Nasdaq and S&P 500 while the Dow was able to finish positive. Whether this is just a dead cat bounce remains to be seen. Without a doubt, this week has changed the technical picture from bullish to iffy. Read more about Sector Detector: Bulls lose traction as skids get “Greeced”

smartindale / Tag: ETF, iShares, iyw, IYH, IYF, IYJ, IYC, IYK, IYM, IDU, IYE, IYZ, CBOE, SYMC, WDC, AAPL, UUP, sectors / 0 Comments

Editor's Note: Walter is the guest author this week. David will be back next week.

Once again, the market has found itself subject to Eurozone woes. Today, the S&P 500 closed down nearly a percent and the DJI fell over 100 points after news that Greece is struggling to cut its budget and Spain’s interest rates continue to hover at an “unsustainable” level.  Furthermore, China’s expansion is predicted to slow further. And, if that wasn’t enough, McDonald’s (MCD) earnings miss has put an unpleasant taste on investors' palates. Read more about What the Market Wants: Can Earnings Jockey Global Drama for the Win?

walter / Tag: GBX, TWI, CRNT, CRZO, MCD / 0 Comments

"Most great people have attained their greatest success just one step beyond their greatest failure."“  --  Napoleon Hill

Last Friday’s 120-point smack down of the Dow Jones Industrial Average (DJIA) left the blue-chip index pretty much where it began at the beginning of July. It might be regarded as a microcosm of the entire year, one where the Dow has more or less trended sideways in spite of the occasional attempt to either break out or break down from that trend. Read more about ETF Periscope: Will Apple and Facebook Make More Noise Than Spain and Greece?

daniel / Tag: DJIA, XLK, IGV, IXN, EWP, EWI, FEZ, AAPL, FB, Eurozone, IMF / 0 Comments

I woke up this morning and the sun was gone

Turned on some music to start my day

I lost myself in a familiar song

I closed my eyes and I slipped away

It’s more than a feeling

More than a feeling Read more about More Than a Feeling To Go Long Aflac, July Option Review

sbrown / Tag: AFL, RIO, OCN, WDC / 0 Comments

Markets have been signaling a willingness to look past the deluge of troubling news and move higher. This is bullish behavior. On Tuesday, market psychology displayed its positivity as initial weakness on bad news was quickly reversed. Rather than demanding that the Fed initiate a QE3, investors seem to be happier with indications from the Fed that the economy might be able to muddle along without it. Read more about Sector Detector: Charts, rankings, psychology remain bullish

smartindale / Tag: ETF, iShares, iyw, IYH, IYF, IYJ, IYC, IYK, IYM, IDU, IYE, IYZ, SPY, STX, UTHR, NTES, SPPI, sectors, VIX / 0 Comments

Chipotle Mexican Grill (CMG) is a high flying growth stock that’s exploded from $50/share to over $400/share in less than three years. It’s eye-catching that a burrito restaurant is one of the few stocks trading that high. As a former collegiate swimmer, burritos were one of my staples. However, I usually opted for the $5 varieties instead of an $8 Chipotle monster. It added up when I was consuming a couple hundred burritos a year. Read more about Follow Insiders Out of Chipotle Mexican Grill

walter / Tag: CMG / 0 Comments

By Brian Tracz, Insider Monkey 

Founded in 2002, Peter Kolchinsky’s RACapital Management invests in a number of small-cap biotech start ups, priding itself in its “evidence-based” approach to capital allocation. His hedge fund portfolio includes ArthroCare (ARTC), Sequenom (SQNM), and XOMA (NASDAQ: XOMA) (His entire portfolio is shown here). Read more about 3 New Bets by A Biotech Hedge Fund

walter / Tag: CNDO, VTUS, ANAC / 0 Comments

JP Morgan (JPM) managed to not only finesse their loss in Q2 from the London Whale trade to slightly less than $5 billion but also save the S&P 500 from its seventh consecutive day of losses. But the smell from the Barclay-led LIBOR fiasco is spreading across the ocean and renewing concern about regulatory actions against major U.S. banks and hence the growth of the economy as well.  Read more about What the Market Wants: Market Faces a Trying Week

david / Tag: HFC, SYMC, MPEL, DECk / 0 Comments

“Think left and think right and think low and think high. Oh, the thinks you can think up if only you try!“  --  Dr. Seuss

To date, July has not been much of a vacation for investors. After experiencing seven losses out of eight sessions so far for the month, it would seem reasonable to just write off July and head to the beach for a bit. Read more about ETF Periscope: Wall Street Lobs Itself a Softball with Low Earnings Expectations

daniel / Tag: DJIA, SPX, COMP, KBWB, EZU, Eurozone, ESM, European Stability Mechanism, FED, BERNANKE / 0 Comments

On Wednesday, the S&P 500 rallied hard in the last 20 minutes to finish right near the flat line, but it still closed with a fractional loss, which makes it the fifth straight loss since last week’s Independence Day patriotic rally. It is now testing technical support at a level of prior-resistance-turned-support. Read more about Sector Detector: Against the Odds, Markets are Looking More Bullish

smartindale / Tag: Tags: AAPL, CAMP, ETF, IDU, iShares, IYC, IYE, IYH, IYI, IYJ, IYK, IYM, iyw, IYZ, linkedin, OMPI, OREX, pkt, sectors, SPY, VIX / 0 Comments

“Money is better than poverty, if only for financial reasons.”  -- Woody Allen  Read more about ETF Periscope: Will Earnings Season Ride to Rescue or Compound Investor Concerns?

daniel / Tag: JPM, AA, Eurozone / 0 Comments

Its earnings season again!  Q2 results began today with a so-so report from Alcoa (AA), but they will end the week with much awaited reports from JP Morgan (JPM) and Wells Fargo (WFC).  To be fair, the market began the week on the tail end of a trio of bad stories, a not-so-dynamic duo of emerging stories from the banking sector, and a single focus on the upcoming election. Read more about What the Market Wants: A Rare Big Zero, a Whale Trade and Unspeakable Fears

david / Tag: SAIA, ZAGG, VCI, GBX, WFC, JPM, AA / 0 Comments

Stocks have rallied since Friday, largely due to some promising developments out of Europe toward addressing their sovereign debt issues and shaky banks. As I said last week, global investors hoped for a sign of commitment from EU leaders at their latest summit to stimulate growth, create a banking union, and debt mutualization (e.g., Eurobonds). What they got was pretty close. And U.S. Read more about Sector Detector: Europe Helps Launch Patriotic Rally in the U.S.

smartindale / Tag: Tags: CSOD, ETF, IDU, iShares, IYC, IYE, IYH, IYI, IYJ, IYK, IYM, iyw, IYZ, linkedin, MLNX, MWIV, sectors, SPY, UTHR, VIX / 0 Comments

The markets opened up today on the heels of last week’s positive developments in Europe. Unfortunately, Manufacturing ISM came in unexpectedly low at 49.7 versus an expected 52.2, which was down sharply from last month’s 53.5.  The market quickly gave up those early gains; the S&P 500 and the Dow took a small loss while the NASDAQ held onto a small gain. Read more about What the Market Wants: Continue the Consistency

david / Tag: APPL, CF, DXPE, RAIL, TWIN / 0 Comments

“Everywhere is within walking distance if you have the time.” -- Steven Wright 

Wall Street was in a festive mood on Friday, as the leaders of the European Union (EU) announced a plan of action that actually seemed to address some of the immediate Eurozone issues that have contributed to the general downtrend which the global equity markets find themselves in. Read more about ETF Periscope: Drop in China Manufacturing Suggests Hard Landing May Remain in the Cards

daniel / Tag: COMP, DJIA, EU, Eurozone, MCHI, SPX / 0 Comments