Sandy Jadeja, chief market strategist at SignalPro, discusses how the cyclical patterns in charts helped him spot the global market downturn before it occurred.» Read More
As of 2pm, MTD the Dow, S&P and NASDAQ were up 9.3%, 8.2% and 8.9%. This would put the Dow on track for its best July since 1939.
On Friday, July 24th, the S&P 500’s 100-day moving average overtook its 200-day moving average, an event known to Wall Street technicians as a Golden Cross (a shorter-term average crossing a longer-term one, from below to above). A month ago, we saw another Golden Cross, when the 50-day average moved above the 200-day average.
So far this quarter, only one S&P healthcare company, Aetna, has missed its consensus EPS estimate. This week there are over 20 more healthcare companies reporting. Yesterday after the bell Amgen blew the cover off the ball with a 40% rise in earnings and this morning, Teva Pharmaceuticals beat by three cents per share.
In the final minutes of trading the bulls foiled the bears and sent both the S&P 500 and Dow higher as investors rotated into financials...
Last Thursday (7/23/2009), the Dow crossed above 9,000 for the first time since November 5, 2008. Despite this apparent milestone, historically, crosses above a round “thousand threshold” do not necessarily translate into continued momentum for the index.
Since earnings season began with Alcoa's report on July 8, the S&P 500 has rocketed off a short-term low by 11 percent.
All the major US indexes were up 4% or greater for the week, after closing roughly flat for the day on Friday. The Dow crossed and remained above 9,000 on Friday, posting its best 2-week percent gain since late March 2000.
Yesterday’s 2% gains capped an impressive 9-day run for the markets that has brought the Dow back above the 9,000 mark for the first time since early January. All three major indices (Dow, S&P, and Nasdaq) now have rallied to their highest levels since the Fall, with the Dow and S&P rising 11% and the Nasdaq gaining 12% during that 9-day period.
The equity rally has legs and the Nasdaq Composite is now up above 1960 and up for 12 straight days (~12.5% over the period). The last time the Nasdaq closed above 1960 was on 10/2/2008. Here are the biggest streaks ever for the Nasdaq.
Earnings keep coming in better than expected. After the big drops we saw in the last couple of quarters, estimates are looking a bit conservative. As of yesterday, 71% of the S&P companies reporting to date, have beaten the street. So how does an investor find opportunities? One trick is to look at the details of some of the winners to identify patterns that may be applied to companies yet to report.
If the market doesn't start to hustle now, the S&P and Dow are likely to fall from here onwards, and we could see a new bear-market low, Chris Locke, MD of Oystertrade.com Management said Wednesday.
Last night on CNBC Reports, I ran a stock screen on 150 companies scheduled to report earnings between today and Friday. Here are the 11 companies that came up and deserve a deeper look.
Today is the 40th Anniversary of the Apollo 11 lunar landing. Here are some of the players that were involved in building the rocket that brought Neil Armstrong and crew to the moon and how they have rocketed relative to the S&P and Dow since that "giant leap for mankind."
On a week where earnings dominated headlines with a strong performance by tech, the US markets rallied for the week, led by the Nasdaq Composite, up 7.44%. The NASDAQ pulled out 8-straight days of gains, for a gain of 8.04% in the past eight trading sessions.
Record investment banking numbers at JP Morgan led the company to beat analyst expectations this morning making it the fourth of four Dow components reporting to beat the street. After the bell today, we hear from a fifth Dow component IBM, and fellow tech giant Google. Here are some key stats on the companies...
Wizards and spies? Voldemort and Ernst Stavro Blofeld? Besides their accents, what do Harry Potter and James Bond have to do with one another? With the latest release of Harry Potter and the Half-Blood Prince, the young wizard's franchise is poised to surpass the Bond franchise in all time revenue. Here are the top 10 movie franchises of all time...
With the Dow and S&P closing modestly higher, Wall Street was keen to hear the latest numbers from Intel after hours hoping they showed signs of economic improvement.
As Jim Goldman pointed out in his earnings preview on Intel, some analysts have been revising estimates upward on this Dow component. Here are some key stats on the company...
While history is no indication of future performance, many investors look for patterns in historical numbers to apply lessons learned to today's environment. As such, CNBC By the Numbers often posts updates on how the Dow, S&P and Nasdaq have faired over certain periods of time. Here is a look ahead to today's day in history...
As investors brace for a rollercoaster ride during the second-quarter earnings season, the dollar's weakness in the last three months could have played a key role for some multinational companies.