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Double Dose of Japanese Actions Boosting Stocks


  The domestic equity markets are moving nicely higher in late-morning action, with a surprise stimulus announcement from the Bank of Japan (BOJ) boosting the global mood. Moreover, Japan's massive pension fund announced that it will increase its domestic and foreign stock portfolio allocations, to further buoy global equity market conviction. Additionally, the U.S. economic calendar offered stronger-than-expected reads on regional manufacturing activity and consumer sentiment, overshadowing a disappointing personal income and spending report, as well as a larger-than-forecasted increase … [Read more...]

3Q GDP Report Failing to Lift Stocks

GDP Report

    Despite a stronger-than-expected first read on U.S. 3Q GDP growth, the domestic equity markets are mixed in late-morning action, in the wake of yesterday's monetary policy decision by the Fed, where it expectedly ended its asset purchase program, but upgraded its labor market assessment. However, the Dow is gaining ground, aided by Visa's better-than-expected bottomline results and new $5.0 billion share repurchase program. Elsewhere, MasterCard also topped analysts' earnings forecasts, while Kraft Foods missed the Street's revenue estimates and Time Warner Cable posted … [Read more...]

Stocks Hanging Around Flatline Ahead of Fed Decision


      Coming off yesterday's solid advance that came courtesy of a jump in Consumer Confidence, the domestic equity markets are hovering around the unchanged mark in early action, with the Street awaiting this afternoon's monetary policy decision by the Federal Reserve. Meanwhile, some mixed earnings reports are greeting analysts, as Facebook topped quarterly expectations, but offered a disappointing 4Q outlook and said spending is expected to jump next year. Elsewhere, Hershey missed the Street's profit projections and lowered its full-year guidance, while Express … [Read more...]

Stocks Gaining Ground Despite Disappointing Durables Data


    The U.S. equity markets are moving higher in early action, despite an unexpected drop in domestic durable goods orders, while the Federal Reserve is set to begin its two-day monetary policy meeting. Meanwhile, traders are digesting a plethora of global earnings reports, while a rebound in Chinese industrial profits may be helping buoy sentiment. Dow member DuPont posted mixed quarterly results and Dow component Pfizer bested analysts' 3Q expectations. Elsewhere, Aetna easily topped the Street's earnings forecasts, while Twitter's stronger-than-expected results are being … [Read more...]

Stocks Dip as Markets Lack Energy


    Coming off a solid weekly advance that snapped a string of losses for stocks, the domestic equity markets are dipping in late-morning action, with crude oil prices continuing to drop to weigh on energy issues. Meanwhile, traders may be treading with some caution ahead of a heavy week for the earnings and economic fronts, headlined by Wednesday's Fed monetary policy decision. Moreover, another disappointing read out of the eurozone in the form of German business confidence is dampening sentiment and overshadowing mostly better-than-expected European banking sector stress test … [Read more...]



      by Larry Levin   There sure are a lot of people out there that simply can't handle the truth that is all around them. Some people seem to just hate any and all bad economic news. “Can't you ignore the bad news and just report the good stuff” they ask? In fact, a few relatives have asked me that very question, which was met with a hearty laugh. Others believe that the world revolves around what the idiots at MSNBC or Rush Limbaugh have to say. These extremely partisan robots therefore perceive anything out of that narrative with vitriolic hatred. … [Read more...]

Stocks Dipping as Ebola Concerns Meet Earnings Data


    The reported case of Ebola in New York is causing worries to flare-up, offsetting some upbeat earnings reports, and stocks are modestly lower in early action. Dow member Microsoft, UPS and Bristol-Myers Squibb all exceeded the Street's quarterly expectations, while Dow component Procter & Gamble matched estimates, Ford missed revenue projections, and posted a wider-than-expected loss. Treasuries are trading higher, ahead of a read on U.S. new home sales due out after the opening bell. Elsewhere, gold is nearly unchanged, while the U.S. dollar and crude oil … [Read more...]

U.S. Stocks Back on Track

Back on Track1

      After snapping their winning streak yesterday, the domestic equity markets are moving nicely higher in late-morning action, aided by some upbeat earnings reports and an unexpected improvement in eurozone business activity, led by a return to manufacturing growth for Germany. Dow members Caterpillar and 3M both topped analysts' earnings forecasts, along with Comcast and General Motors, more than offsetting profit misses from Dow component AT&T and Eli Lilly. Treasuries are trading lower on the gains for stocks, despite domestic reports showing a … [Read more...]

Stocks Modestly Tack Onto Recent Rally


      The domestic equity markets are trading slightly to the upside in late-morning action, extending their recent rally, courtesy of upbeat earnings reports from Dow member Boeing, Yahoo, Dow Chemical and Broadcom. Meanwhile, a read on U.S. consumer prices showed inflation remained subdued, despite a modest unexpected increase in the headline figure. Treasuries are dipping despite the benign inflation data, which followed a jump in domestic weekly mortgage applications. Elsewhere, gold is lower and the U.S dollar is higher, while crude oil prices are mixed. Overseas, … [Read more...]

Earnings Helping Stocks Move Higher


  The U.S. equity markets are extending yesterday's modest gains, ahead of a read on domestic existing home sales, while the Street is digesting upbeat earnings reports from Apple, and Dow members United Technologies and Travelers Companies. Meanwhile, European stocks are gaining ground on some favorable earnings reports in the region and speculation of European Central Bank bond purchases. However, other earnings from the Dow were mixed, with McDonald's missing analysts' same-store sales expectations, Coca-Cola posting softer-than-expected revenues, and Verizon Communications' … [Read more...]