Article Index
Stock Market News

Markets will end up higher this year, but well off the gains of 2009. On the plus, the S&P 500, NASDAQ and Russell 2000 are holding above their previous chart highs, while the DOW is off 0.05% below its previous chart high. Failure to hold above the previous…

If you need sure-bet plays in retail, you have to stick with Wal-Mart Stores, Inc. (NYSE/WMT) and Costco Wholesale Corporation (NASDAQ/COST). Costco delivered with strong results on Wednesday, after posting earnings of 312 million dollars, or $0.71 per diluted share, above the consensus estimate of $0.69 per diluted…

The bulls appear to be in full control at this juncture. On the charts, the NASDAQ has joined the Russell 2000 to move above their respective previous chart highs. This is bullish, but we need to see if the indices can hold. Small-caps continue to outperform, with the…

What a month December has been so far for the stock market. The Dow Jones Industrial Average is up 3.5% in the first two days of December—its biggest two-day rally since July. What’s fueling the rise in stock prices? Several factors. First and foremost, investors have nowhere else…

I’m looking at the major business newspapers this morning and I see one big story missing from page one of these newspapers, “Dow Jones up 250 points yesterday, single-day gain of 2.3%!” Yesterday’s big rise in the Dow Jones Industrial Average is very significant for the stock market.…

The S&P 500 Index has broken solidly below 1,200, and the trading action is the correction that the market’s required. I’d like the trading action to spread to commodities so investors could have another entry point. I think 1,150 seems likely on the S&P 500 index and an…

Volatility abounds and it is coming from every which direction. The Eurozone’s fiscal problems unfortunately persist. Inflation has become a real threat in China and other emerging markets. The U.S. Federal Reserve’s second round of quantitative easing is controversial and, as such, has only dialed the knob on…

The majority of the news is on Ireland and the fear that the debt issues there could spread throughout Europe and further dampen growth there. But I have talked enough about Europe and will swing my focus to China—my favorite growth region for growth investors looking to increase…

Important economic news and my analysis to share with PROFIT CONFIDENTIAL readers: Jobless claims in the U.S. declined to 407,000 last week, according to the Labor Department, the lowest level since July 2008. My take: The economy is clearly improving. If the jobless claims are falling, then the…

I want to stay on the topic of large-caps for a while. Owning solid, dividend-paying stocks in the age of austerity is going to be a decent strategy, unless interest rates skyrocket and cash begins to pay more than stocks (always a possibility down the road, but not…

A company like Caterpillar Inc. (NYSE/CAT) has got to be one of the ultimate benchmark stocks to follow. If business is good in the global economy, so is business at Caterpillar. This stock is hitting new 52-week highs, and it has been a tremendous wealth creator since the…

The Fed has really been put through the ringer after it decided to push its way into the Treasury market one more time and unleash Quantitative Easing II (QE2) onto the U.S. financial systems in an effort to keep interest rates low and stimulate lending, borrowing and spending.…

Are we seeing signs of the perfect storm arising in the stock markets? Not only do we have growth issues in the United States, but Europe and Asia continue to pose issues. I’m not saying the good times are over, but, for now, the market risk is higher.…

The good times must be back. Porsche SE, the luxury sports car maker, announced this morning that its profit went up sevenfold in its first fiscal quarter ended October 31, 2010. Porsche reported a profit of 526 million dollars in the quarter on a 63% increase in car…

After a year of restructuring and bankruptcy protection, General Motors Corporation (NYSE/GM) rose from the dead on Thursday with so much anticipation and hype that it looked like a Hollywood debut, but it was far from that. GM was issued at $33.00 and opened at $34.00. The stock…

In this market, I want to be a bottom-feeder. I do not want to pay for growth. What I want instead is a real deal; a solid value. If you want to find some attractive trades in this market, I suggest you screen for stocks that are very…

Watching the charts on Monday, I noticed that the major stock indices broke below the intraday upward trend line at around 2 PM and reversed to the downside in a two-hour slide. My feeling is that the failure to hold onto the rally that appeared to be in…

The stock market’s been very strong since the end of August. Now it’s consolidating, which is healthy. But I have to repeat my steadfast view that investment risk for equities investors remains very high in the current environment. We can’t ignore the sovereign debt issue anymore. Investment risk…