BlackBerry maker Research in Motion is due to report earnings after the bell on Wednesday. In the meantime, reports circulated that rival Apple may be developing a new iPhone model for the Verizon network. So where does RIM stand in the increasingly competitive smartphone space? Robert Cihra, tech analyst at Caris & Company, and Mark McKechnie, analyst at Broadpoint AmTech, shared their insights.
Stocks opened lower Wednesday, the last trading day of the quarter, after a surprise drop in the ADP jobs report.
The financial sector is up more than 150 since the March 2009 lows, outperforming the major averages by a wide margin. But with the US government selling its stake in companies like Citigroup, is now the time to buy? Thomas Michaud, vice chairman and president of Keefe, Bruyette & Woods, shared his sector insights.
Futures dropped about 4 points as the ADP Employment report showed a decline of 23,000 jobs, well below expectations of a gain of 40,000 jobs. Treasury yields declined, and the dollar weakened. Bulls are already noting that the ADP report "does not incorporate a weather related rebound that could be present in this month's BLS data," so there is no reason to abandon the projections for healthy gains when the March jobs report comes out Friday.
U.S. stock index futures turned negative after a report showed the private sector actually shed jobs in March, defying expectations for a turnaround in the employment picture.
Seagate Technology lit up our screens with upside call activity yesterday as the stock hovered just above its 100-day moving average.
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The ADP number, expected to show an increase of 40,000 jobs, is viewed as an early read on the government's monthly employment report, but it does not always correlate. This month, however, the government number will include thousands of temporary census workers that would not be included in the ADP report.
Stocks pulled off a gain Tuesday after a see-saw session in which techs and industrials gained, while energy and bank stocks were weak. Rob Morgan, chief investment strategist at Fulcrum Securities, and Alec Young, equity strategist at Standard & Poor’s, shared their market strategies.
Stocks pulled off a gain Tuesday after a see-saw session as techs and industrials gained, while energy and bank stocks were weak.
Another slow melt-up. Every day, the Dow goes up...20 points. The Dow is up 17 trading days in March, and down only four. It hasn't put together two down days since the last week of February. That's impressive. What is not impressive: volume, and the advance/decline line is definitely showing signs of slowing down. Not a good sign.
Stocks teetered in a narrow range on Tuesday. Analysts expect markets to be volatile the next two days as investors usually take part in window dressing — trades intended to boost returns on reports sent to shareholders — at the end of a quarter. Art Cashin, director of floor operations at UBS Financial Services shared his market insights.
All eyes are on the U.S. for upcoming jobless numbers for more market movement, said Sean Fenton, portfolio manager at Tribeca Investment Partners. He shared his best investment plays.
We started the day with the Dow Industrials within 60 points of 11,000...but faded as Europe closed on the lows of the day at the same time as the euro hit its lows. Greece, which priced a 5 billion euro 7-year bond offering on Monday, attempted a follow-up 1 billion euro sale this morning, but the market didn't seem to be interested.