Giovanny Moreano is a Quantitative Analyst at CNBC.
For the week ending Friday, July 25, 2008, the markets closed mixed for the week, on negative housing data, and mixed earnings results. An early rally in financial and airlines stocks, supported by the continued slide in oil prices, was quickly wiped away by ongoing uncertainty in the economy. The Dow dropped more than 280 points on Thursday, marking the worst one day point drop in over a month. However, Friday saw a slight rebound on strong durable goods and a bounce back in consumer sentiment. Only the Nasdaq finished slightly up 1.2% for the week. The Dow and S&P finished down 1.09% and 0.23%, respectively.
What many investors call a price correction in the commodities market has taken a toll recently, especially in the energy sector, but the gains of some of these commodities remain above 30% year-to-date. Is this a buying opportunity or not?
For the week ending Friday, July 18, 2008, the U.S. markets saw extreme volatility yet settled higher on better-than-expected earnings results, a pullback in crude oil, and an indication that the Fed will hold interest rates steady. Nonetheless, the Dow had its best week since April 18 and its best 3-day percent gain since March 2003 even after closing below 11,000 for the first time since July 2006.
Nearly 1.2 billion shares and $14 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
Nearly 1.4 billion shares and $16.9 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
Nearly 1.4 billion shares and $15 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
For the week ending Friday, June 20, 2008, the markets dropped on disappointing earnings results from the financial sector, and a continued spike in crude oil prices added to investors' concerns over inflation. The Dow closed below 12000 on Friday for the first time since Mid-March.
For the week ending Friday, June 13, 2008, the markets were mixed on varied economic news, renewed credit concerns from Lehman and the financial sector, and of course, oil. A surprise increase in retail sales gave hope for economic growth and a rising CPI suggested a potential rate move on the horizon that could strengthen the dollar and begin to tame inflation.
April is the best month to be in blue chips, if history is a guide.
Investors are celebrating the second strongest bull run since World War II.
Demand for small-cap stocks is increasing relative to established large-cap names.
With stocks up, short interest reached the highest level in 20 months, but some investors see the trend as a bullish sign.