Talking Squawk, the "Squawk Box" blog, provides tidbits, insights and sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.» Read More
Historically on average, the U.S. Markets have been relatively flat the week after Independence Day, with not much left to cheer about. However, the Dow and Nasdaq Composite have been up ~60% of the time for the week following the 4th of July, while the S&P has been up ~70% of the time.
From rails to truckers, the transports are driving back toward a record high. Should you jump on the bandwagon?
This weekend, Memorial Day will mark the unofficial beginning of summer. The markets have historically been relatively flat going into the lazy hazy Days of summer.
Despite the ongoing rise in crude oil prices and the overall concerns of a weaker economy, the Dow Jones Transportation Average hit new all-time highs today. It passed its previous intraday high of 5,487.05 that it had set last July. If it closes over 5,446.49 today, it will set a new all-time closing high.
Futures about flat as oil is at least down a bit this morning. Earnings were mixed, and an IPO pricing was a bit disappointing. Boeing better than expected. ... How much money can an airline lose? Delta lost $6.4 billion, or $16.15 a share; its merger partner Northwest reported a net loss of $4.1 billion, or $15.78 a share...
Also, the premeire trucking stocks, the best Cuba play and much more.
Thank goodness Q1 is over! Here's a summary of month-end and Q1 stats for stocks, commodities and currencies...
Stocks surge as gold sells off and oil settles. Get the news behind the headlinds as an historic week on Wall Street comes to an end.
Following are the week’s biggest winners and losers. Find out why shares of Chesapeake Energy and Apple popped while General Motors and Valero dropped.
Despite recession fears, Miami-based Ryder (R) just keeps on truckin’. Shares are up 23% this year. Find out why from company CFO Robert Sanchez.
As Matt Nesto reported, there is a new Industrial Revolution underway, particularly in areas affected by global demand. Here is a list of those winning the revolution...
Transport stocks have been outperforming the market so far this year. Does it signal a new bull market, or have they just gone too far, too fast?
By the end of the coming week, the corporate earnings picture will be clear and it may not necessarily be one the stock market likes.
Markets are weak on a couple of concerns today. 1) Lower earnings estimates. The downward earnings revision from Citi, Washington Mutual and Merrill Lynch last week are really having an impact on Q3 earnings revisions. Seven or eight days ago, we were expecting 3.9% earnings growth for the whole S&P 500; today it is down to 0.7%, the lowest growth in five years, and it may still go negative.
Truck leasing and logistics company Ryder System cut its third-quarter and full-year profit forecast Monday, saying industries beyond the housing sector are starting to show signs of slowing.