The price action of the Dow and S&P 500 doesn’t tell the whole story right now.» Read More
Hey folks, we have guest blogger Jeff Mishlove with some thoughts for the final week of the contest. Here's his post: One week ago, I recommended a momentum strategy based upon selecting stocks that had been surging in price during the past three months. At that time, I recommended five stocks: SCHN, NTRI, FCX, LRCX and VCLM. I see that four out of these five stocks are now up for the week.
Hey folks, Jeff Mishlove has some thoughts for the contest finals. We'll get right to them. Here's his post: Now the Portfolio Challenge moves into the finals and the Second Chance Showdown. I am not in the finals, and I have decided not to enter the Second Chance Showdown – so that there can be no suggestion of a conflict of interest with regard to any recommendations I may make for the Million Dollar Buzz.
Don Hays, president and chief investment strategist at Hays Advisory, told CNBC’s “Squawk Box” that he expects the Federal Reserve to cut interest rate within the next month-and-a-half.
Lam Research on Thursday posted a higher quarterly profit as the supplier of equipment for making microchips saw sales jump by nearly 50% from the year-ago quarter.
U.S. stocks closed near the worst levels of the day as weakness in technology stocks trumped positive economic data. Stronger than expected housing data and tame inflation data dampened hopes for a Fed rate cut any time soon.
The run is done, at least for several stocks according to Merrill Lynch. As Dylan Ratigan first told you on “Closing Bell,” Savita Subramanian, Quantitative Strategist at Merrill Lynch, has made a list of companies due for a pullback. You can’t afford not to click.