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DOW enters correction territory after big reversal

Stocks got off to a nice start today. With the major indices rallying into the open, it looked like we were going to see a nice bounce after last week’s losses. The S&P was up 1.8% early on. But after the strong … Continue reading

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Morgan Stanley breaks with rest of Street, thinks October sell-off is ‘morphing’ into a bear market

Morgan Stanley disagrees with the rest of Wall Street: The bank’s top strategists are gearing up for a much longer bear market while others are betting the sell-off is short-lived. “The rolling bear market continues to make progress and there … Continue reading

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Goldman Sachs: A market rebound is coming driven by company share buybacks

The stock market sell-off over the past month has gotten “overdone” and will be offset in part as companies return to buying back their own shares, according to a Goldman Sachs analysis that sees the market gaining close to 6 … Continue reading

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Stocks making the biggest move premarket: AMZN, GOOGL, INTC, CL, MCO & more

Check out the companies making headlines before the bell: Amazon.com – Amazon reported quarterly profit of $5.75 per share, well above the consensus estimate of $3.14 a share. The Street appears to be focusing on revenue that came in below … Continue reading

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US stock futures pare decline after report shows strong GDP, tame inflation

U.S. stock futures pointed to a significantly lower open on Friday as the release of disappointing quarterly results from key tech companies overshadowed strong economy data. At 9:02 a.m. ET, Dow Jones Industrial Average futures implied a drop of more … Continue reading

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Dow makes 400-point comeback – here is why….

Stocks bounced back today. After a higher open, there was a small pullback in early trading. But just 15 minutes into the trading session stocks started to rally and continued higher almost all day long. Traders seemed to be looking … Continue reading

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Boeing earnings Q3 2018 give blowout results

Shares of Dow component Boeing rose 3 percent Wednesday after the company reported strong third-quarter earnings on the back of a robust defense business and more efficient commercial aircraft production. The company also raised its 2018 earnings forecast, in what … Continue reading

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Lockheed Martin shares rise after Goldman Sachs upgrades the stock

Lockheed Martin shares jumped Wednesday after Goldman Sachs upgraded the stock to buy from neutral and added it to the firm’s so-called conviction list of favorite calls. The stock was up 2 percent in premarket trading Wednesday following Goldman’s note … Continue reading

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Expect huge iPhone ASP when Apple reports Q4 earnings, analyst says

Tim Cook, CEO of Apple, smiles during a demonstration of the newly released Apple products following the launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. Apple is likely to post a huge jump in average … Continue reading

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Stock Market Update Tuesday, October 23rd, 2018

What a ride! Stocks finished the day lower. But the end of day numbers tell just part of today’s story. After kicking off the session with losses, stocks continued to slide this morning. At one point the S&P was down more than … Continue reading

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