Category Archive: Finance, No picture
Dow Drops 832 Points In One Day – Has A Correction Begun?
Yesterday the stock market experienced one of the worst days of the year. The Dow Jones Industrial Average fell 832 points, more than 3%, the biggest lost since eight months ago on February 8. The S&P 500 dropped 3.3% to 2785.68. But the biggest losing major index was the Nasdaq Composite, which tumbled 4.1% to […]
Micron Well Positioned To Benefit From Growth In AI, Says JPMorgan
After attending Micron Technology’s inaugural Insight event that focused on artificial intelligence, JPMorgan analyst Harlan Sur reiterates an Overweight rating on the shares with a $75 price target. The chipmaker closed yesterday down 66c to $41.61. Artificial intelligence is “truly at its early stages with a long runway for growth,” Sur tells investors in a […]
Looking For Shelter From The Storm? Consider These Strategies
One way to beat the benchmarks is simply to decline less during downdrafts like yesterday as well as during serious bear markets. This can be done by how you mix different asset classes in your portfolio and by keeping losses from spiraling. One way to do the latter is to use trailing stops. Here are some […]
What Inflation Means To You: The Consumer Price Index Revealed
Note: The charts in this commentary have been updated to include this morning’s Consumer Price Index news release. Back in 2010, the Fed justified its aggressive monetary policy “to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate” (full text). In effect, the Fed has […]
E SPX Slips Below Trendline
VIX has bounced from its mid-Cycle support at 15.45 this week to test the Cycle Top resistance at 23.93. A buy signal was given last Thursday. The current period of strength may last through the weekend. ZeroHedge comments on the VIX. The NYSE Hi-Lo Index has been closing under 0.00 for the past week.confirming the […]
How Target Is Challenging Amazon
As it redesigns its stores, Target (TGT) is getting back to offering fashion-forward merchandise at decent prices. If it can keep that momentum going, it will help set the company apart from its peers including Walmart (WMT), Amazon (AMZN) and Kroger (KR). Nestled inside Target’s Minneapolis headquarters, racks of unfinished clothes line the walls. In […]
Trump Slams Fed As “Crazy”
Just 1 day after saying he has not met with Powell because he did not want to interfere, Trump slams the Fed as “crazy”. Bloomberg reports Trump Steps Up Fed Pressure With ‘Gone Crazy’ Jab After Sell-off. President Donald Trump slammed the Federal Reserve as “crazy” for its interest-rate increases this year in comments hours after […]
Delta Air Lines (DAL) Surpasses Q3 Earnings Estimates
Delta Air Lines (DAL) came out with quarterly earnings of $1.80 per share, beating the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $1.57 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.45%. A quarter ago, it was expected […]
The Fed Has Not Gone ‘Crazy’, But…
Trump calls the Federal Reserve ‘crazy’ – he is in fact not all wrong as the decline in global stock markets are a result of tighter global monetary conditions (much more so than because of the ‘trade war’.) On the other hand, the Fed has been right in hiking interest rates this year as inflation […]
