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.
As of yesterday afternoon, just over 30% of the S&P 500 companies had reported earnings. Here's a look at which companies have had the biggest surprises so far...
And that’s just one stock in a sector that he thinks will continue to move higher.
Microsoft's fiscal fourth quarter was ugly. No two ways about it. The company missed on the top by a staggering $1.25 billion, reporting $13.1 billion against the $14.38 billion consensus. It's an enormous miss, and stunning to many analysts covering the company.
Technology is the only area where companies are beating revenue estimates and it is where investors should be positioned, said Mark Demos, portfolio manager at Fifth Third Asset Management.
They’ve come a long way in 12 months. Here’s an up-to-date snapshot of where they are now.
Strong earnings from Apple after the closing bell yesterday, pushed the NASDAQ Composite to positive territory during Wednesday's trading session for the eleventh consecutive day. The last time the Nasdaq Composite had 11 days of consecutive gains was on September 20, 1996. Here is a look at the best performing companies during the current 11-day rally.
Plus, get calls on the investment banks, homebuilders, tobacco and more.
Many companies have reported earnings that have surprised to the upside, but how will they perform for the rest of the year? Dan Genter, CEO of RNC Genter Capital Management shared his insight and investment strategy.
A late rally pushed stocks higher Tuesday following better-than-expected earnings from several Dow components. The Dow logged its seventh-straight gain, the Nasdaq, it's tenth.
The Dow advanced Tuesday as a slew of components beat earnings expectations. But there were pockets of weakness throughout the market, including chips, hardware, banks and retail. The Nasdaq was lower.
The Dow bolted out of the gate Tuesday as a slew of components beat earnings expectations. But there were pockets of weakness throughout the market, including chips, hardware, banks and retail. The Nasdaq was lower.
Stocks rallied to the finish line Monday after a wobbly morning as a CIT deal to avert bankruptcy and strong earnings gave investors cause for optimism.
As investors brace for the peak weeks of earnings, both the Dow and S&P marched higher on hopes that stability had returned to the financial system.
This is nothing but a relief rally in a secular bear market and we’ll be in a secular bear market for another 10 to 15 years, said David Hefty, principal of Cornerstone Wealth Management.
A strong start for stocks began to peter out Monday, though CIT continued to rally.
There's not much economic news this week. Leading Economic Indicators will be reported Monday and if it's a gain (which it should be) it will be the third gain in a row. That would be good. Thursday will see existing home sales reported and they should come in at an annual rate of about 5 million. Thursday the Treasury will announce next week's bond auctions and you can expect 2 year notes and 5 and 7 year bonds totaling over $100 billion dollars.
The current mid-summer rally will last until the end of August, but trading volumes will be light with many investors on holiday, Robin Griffiths, technical strategist at Cazenove Capital told CNBC Monday.
As of this past Friday, just over 10% of the S&P 500 companies had reported earnings. This week we will see roughly 30% more of the S&P report. Here's a look at which companies have had the biggest surprises so far...
So far, earnings this quarter have painted a mixed picture, some good some bad, but they're far from the disaster some had feared.