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  • On a volatile week that ended with Fed Chairman Bernanke stating that the US economy is nearing recovery, positive housing data, and oil hitting 10 month highs; the Dow, S&P and NASDAQ once again close at new highs for 2009, and end up about 1.8% or better for the week.

  • Sure the market has continued its summer rally, with the Dow and S&P up over another 3% each month-to-date.  But how long can the rally last without a pullback?  Historically, September is the worst month on average for the markets.

  • google_headquarters_htease.jpg

    Investors were going gaga for Google (GOOG) five years ago today. In one of the most anticipated IPOs over the past decade, the Internet search company priced nearly 20 million shares at $85 per share, raising $1.7 billion dollars through an auction of its shares.

  • Compared to an average short interest of 2.2% for all Dow components, bets against these three companies stand at around 8%.

  • Stock markets are due for a short-term correction of four or five percent, King Lip, portfolio manager at Baker Avenue Asset Management, said Wednesday. But he remains positive on the market for the long term.

  • U.S. and European markets are notably weak today following a strong sell-off in Asia. As a result of today’s sell-off, most major indices around the world have shed their August gains.

  • Tech companies in the S&P 500 have been a major force in the recent rally, up 15.9% on average since their July 10th lows. Here is a look at which tech stocks are leading and which are lagging in the recent rally.

  • All major US indices break four weeks of consecutive gains, closing to the downside on Friday, after a drop in consumer sentiment data in August. 

  • Shortly after the March lows, we wrote a story about the tech led rally.  In the article, we pointed out which tech stocks were leading and which were lagging.  Now, as one of our readers wrote in, the story has changed and he has profited from it.

  • Around 2:15 pm EST today, the Federal Reserve's Open Market Committee will make its announcement on the Fed Funds Target Rate.  What may we expect?

  • Beach

    Priceline.com was up 14% yesterday after beating Q2 earnings estimates on strong sales and bookings and guiding above expectations for its current third quarter. The company noted that its results have been and continue to be helped by strong demand for leisure travel this summer, which has been spurred by lower prices via heavy discounting.

  • Trucks on roadway.

    The Dow Jones Transportation Average strongly outperformed the other major indices on Friday, rising 4 percent on broad strength from truckers YRC Worldwide (YRCW) and Ryder (R), railroads CSX (CSX) and Norfolk Southern (NSC), and airlines AMR (AMR) and Continental Airlines (CAL).

  • On a week where the US markets once again hit new highs for 2009, and the 4th consecutive week of gains helped by the better-than-expected jobs report, the major indexes are all up about 2% or greater for the week, except for the NASDAQ which ended up only about 1% for the week.

  • As the economy recovers, consumers are expected to open their wallets a bit more.  Where  those dollars go will partly depend on how companies have treated their customers.  Here are three stocks that may see gains in the months ahead.

  • The latest overall job loss numbers showed a loss of 247,000 jobs in July and the unemployment rate fell to 9.4%, the fewest losses since August last year.  The June and May  numbers were revised downward as well.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • Power lines

    The S&P 500 is now up over 11% year-to-date and up over 50% since the March lows.  By comparison, the utility sector is down over 1% YTD and up ~30% since its March low and has been the second worst performing sector of this rally (only telecom is worse).

  • With the NASDAQ enjoying a sizable surge over the past couple of months, momentum plays seem to be back on the radar for many investors.

  • The Dow, S&P 500 and Nasdaq Composite are trading at levels not seen since the Fall of 2008.  As the stock market gains steam, the following statistic may provide guidance to investors as per where the markets stand relative to previous levels. 

  • The U.S. Dollar continues its slide, with the Dollar Index falling to its lowest levels since the end of September.  Capitalizing on this dollar weakness are commodities.

  • Now that we closed July and the U.S. major Indexes rose more than 7% last month with the Dow posting its best July since 1989, let's take a look forward. Here are the historical averages for the Dow, S&P, and Nasdaq Composite for August.  Historically and on average, the Dow has fared best of the major indexes in August as it has been up 64% of the time during this month.