AvidTrader.com is THE community for all types of Traders. Whether you are a novice trader seeking to greatly improving your skills or seasoned professional needing more insight for your trades, AvidTrader will provide those benefits for you.
Since 1995 AvidTrader has provided trading ideas that help you to make money. The last place you want to try navigating alone is the fast-moving financial markets. And at AvidTrader, you are not alone. AvidTrader led the way in March 1996 with its live Traders Chat. Members of AvidTrader can share their own ideas and strategies with each other on a daily basis in real-time.
Join here to access our live chat today!
Stocks Mixed as GDP Report Disappoints
US equities finished the week mixed on the heels of a disappointing US 4Q GDP report. The Dow was pressured by disappointing earnings reports from Dow members Chevron and Procter & Gamble, but talk of a possible IPO filing by Facebook helped the Nasdaq to squeak out a modest gain, and the S&P 500 was nearly unchanged. Meanwhile, Ford Motor posted results that missed expectations and Amgen offered a mixed report, while Starbucks’ outlook and concerns over commodity costs overshadowed its better-than-expected results. Treasuries pared early losses and finished mostly higher, while a favorable read on US consumer sentiment had little effect. Gold ended the day higher, crude oil prices ticked lower, and the US dollar lost ground. The Dow Jones Industrial Average fell 74 points (0.6%) to 12,660, the S&P 500 Index inched 2 points (0.2%) lower to 1,316, and the Nasdaq Composite gained 11 points (0.4%) to 2,817. In moderate volume, 850 million shares were traded on the NYSE and 1.7 billion shares changed hands on the Nasdaq. WTI crude oil edged $0.14 lower to $99.56 per barrel, wholesale gasoline jumped $0.07 to $2.92 per gallon, and the Bloomberg gold spot price gained $9.70 to $1,739.60 per ounce. Elsewhere, the Dollar Index—a comparison of the US dollar to six major world currencies—was down 0.7% to 78.86. For the week, including dividends, the DJIA was down 0.5%, the S&P 500 Index added 0.1%, and the Nasdaq Composite gained 1.1%. Dow member Procter & Gamble Co. (PG $64) reported fiscal 2Q earnings ex-items of $1.10 per share, compared to the $1.09 consensus estimate of analysts surveyed by Reuters, with revenues increasing 4% year-over-year (y/y) to $22.1 billion, below the $22.2 billion that the Street had anticipated. Also, PG lowered its full-year guidance and issued a 3Q outlook that missed analysts’ forecasts. PG traded lower. Fellow Dow component Chevron Corp. (CVX $104) posted 4Q EPS of $2.58, below the … [Read More...]
Stocks Pressured by US GDP Growth That Came Up Short
The US equity markets moved lower in early action on the heels of a smaller-than-forecasted rate of US GDP growth for 4Q, as personal consumption came in below expectations. Treasuries pared early losses following the report and the ensuing weakness in stocks, with 4Q inflation coming in mixed, while a report on consumer sentiment is due out later this morning. Meanwhile on the earnings front, Starbucks Corp posted better-than-expected results, while Dow members Procter & Gamble Co and Chevron Corp missed expectations. Moreover, Ford Motor Co and Amgen both missed the Street’s forecasts. Overseas, Asian stocks finished mixed, with Japanese equities finding some pressure on a slew of reduced outlooks, while the European equity markets are lower on the US data and amid caution as Greece continues its debt-swap negotiations. As of 8:54 a.m. ET, the March S&P 500 Index Globex future is 6 points below fair value, the Nasdaq 100 Index is 5 points below fair value, and the DJIA is 57 points below fair value. WTI crude oil is declining $0.13 to $99.57 per barrel, Brent crude oil is increasing $0.20 to $110.99 per barrel, and the Bloomberg gold spot price is moving $1.03 lower at $1,719.05 per ounce. Elsewhere, the Dollar Index—a comparison of the US dollar to six major world currencies—is down 0.2% to 79.41. Dow member Procter & Gamble Co. (PG $65) reported fiscal 2Q earnings ex-items of $1.10 per share, compared to the $1.09 consensus estimate of analysts surveyed by Reuters, with revenues increasing 4% year-over-year (y/y) to $22.1 billion, below the $22.2 billion that the Street had anticipated. Fellow Dow component Chevron Corp. (CVX $107) posted 4Q EPS of $2.58, below the $2.84 that the Street had expected, with revenues rising 11% y/y to $60 billion, compared to the $71 billion that analysts were anticipating. Ford Motor Co. (F $13) announced 4Q profits ex-items of $0.20 per share, missing the $0.27 estimate on the … [Read More...]
Recent Posts
Big Buys In Share Buybacks (PKW, TTFS, AMGN, AZN, MSFT)
Believe it or not, the market is shrinking. Not in value, but in sheer number of issues trading. Record corporate … [Read More...]
Battles Risk Tipping Damascus Into Chaos
BY NOUR MALAS Syrian dissident soldiers said Friday they are teaming up with armed civilians to temporarily occupy … [Read More...]
Range Resources Turns In Solid 2011 (RRC, CLR, BBG, CHK)
Range Resources (NYS:RRC) turned in another year of double digit production growth in 2011, as this exploration and … [Read More...]
Diversified Investment Appeal From Novartis (NVS, GSK, MRK, TEVA)
Diversified healthcare giant Novartis (NYSE:NVS) reported impressive 2011 results in January 2012. These strong trends … [Read More...]
Stocks Mixed as GDP Report Disappoints
US equities finished the week mixed on the heels of a disappointing US 4Q GDP report. The Dow was … [Read More...]
Dion’s Friday ETF Winners and Losers
NEW YORK (TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by throughout the week to find … [Read More...]
Too Much JNK in the Trunk?
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor … [Read More...]
10 Most Profitable Bank Stocks (Update 1)
(Updated with return on asset ratios of Bank of America and Citigroup for further comparison and stock price … [Read More...]
Bank of America: When Will It Hit $10: Poll
NEW YORK (TheStreet) -- Bank of America(BAC)'s stock price has had a tremendous run of late. Since bottoming at $4.92 … [Read More...]
ExxonMobil Earnings Preview: Profits To Continue Rising in Q4
ExxonMobil, the world's largest integrated oil and natural gas company, is expected to report an increase in … [Read More...]
Market
Stocks Mixed as GDP Report Disappoints
US equities finished the week mixed on the heels of a disappointing US 4Q GDP report. The Dow was … [Read More...]
10 Most Profitable Bank Stocks (Update 1)
(Updated with return on asset ratios of Bank of America and Citigroup for further comparison and stock price … [Read More...]
Bank of America: When Will It Hit $10: Poll
NEW YORK (TheStreet) -- Bank of America(BAC)'s stock price has had a tremendous run of late. Since bottoming at $4.92 … [Read More...]
Investing
Investing in Gold: Do Gold Stocks perform better than Gold Bullion?
Precious metals investors generally invest in equities or bullion before considering investments in … [Read More...]
Crucial SEC vote leaves compliance officers in the dark
The Securities and Exchange Commission has dismissed a case against a compliance officer that could have set the limits … [Read More...]
Reunion continues as UBS snags Merrill advisers with $2.5B in AUM
(Photo: Bloomberg News) The wealth management unit of UBS AG continues to show momentum recruiting big-producing … [Read More...]
Trading
Dollar Was Still Under Pressure
You Are Here: Home > Articles > Commentary > Dollar Was Still Under Pressure Darell Jobman JOIN TraderPlanet … [Read More...]
Energies Market Commentary
You Are Here: Home > Articles > Commentary > Energies Market Commentary Jim Wyckoff Get Your FREE Market … [Read More...]
Energies Market Commentary from Jim Wyckoff
Jim Wyckoff ENERGIES: March crude oil closed up $0.37 a barrel at $99.77 today. Prices closed nearer the session low … [Read More...]
Forex
Euro ends week with strong gains despite Fitch downgrade of five euro zone nations
On Friday, Fitch Ratings cut the credit ratings of five euro zone nations Belgium, Cyprus, Italy, Slovenia and Spain, … [Read More...]
EUR/USD: Settled above the psychologically important 1.3000
EUR/USD The pair finished the week with a net gain of around 200pips and settled above the psychologically important … [Read More...]
US Dollar Bulls Await 9750 To Begin the Next Stampede
The greenback is softer in North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) off by 0.45% at … [Read More...]
Commodities
ExxonMobil Earnings Preview: Profits To Continue Rising in Q4
ExxonMobil, the world's largest integrated oil and natural gas company, is expected to report an increase in … [Read More...]
Natural Gas Fracking Embraced in Obama’s Energy Plan
President Barack Obama made natural gas a central part of the energy plan detailed in his State of the Union address, … [Read More...]
Chevron Shares Fall After Earnings Miss Wall Street Estimates
Shares of energy giant Chevron Corp. tumbled Friday after losses from refining operations cut fourth-quarter profit to … [Read More...]