|Day Low/High||168.79 / 172.28|
|52 Wk Low/High||105.08 / 188.96|
Let's ride the rails and review the charts and indicators.
We're cheering what may be an aberration, a bullish employment number. We'll take what it brings - a wholesale shift in what we're buying and what we're selling to fund it.
So what's the narrative? Simple: the recession is ending, it turned out to be a V recession and recovery after all.
The problem for index fund owners is they own all three buckets and there are a lot more companies in the third bucket than in the first two.
Watching first-time jobless claims and trading volume, plus some thoughts on defense names like Raytheon and Lockheed Martin, and tech names like Lam Research.
More than 450 quarterly reports are on tap, including 105 S&P 500 constituents.
The answer to that question depends on several factors, so let's break them down.
The market impact of the virus for U.S. investors has been seen in more pronounced fashion in Treasury markets.
Almost 200 companies are slated to report quarterly results, including 43 S&P 500 constituents.
I have been among the most wary of China and its ability to change. I remain that way. But the U.S. got more than I ever thought.
Beyond an algorithmic reaction, I do not expect an overtly positive market reaction when pen is put to paper on Phase One.
The purpose is not to shake you out, although it can feel like that; here's what's really going on.
What is really driving this rally is the inability of algorithmic traders to moderate their buying.
* The market is discounting an unlikely reacceleration in global economic and U.S. profits growth * All-time market highs are breathtaking to some - but they are deflecting (as they did in early 2000 and late 2007) many investors from challenges fac...
Deere, Dow, Caterpillar, PPG Industries, Illinois Tool Works, CSX Corp and Union Pacific all defied expectations and rose after less-than stellar quarterly reports. Here is why.
It's all because some stocks are more powerful than others and the aberrations are to the downside. Not the upside.
I have the answer behind the conundrum that forces stocks up that should be going lower.
Money fled high-growth, high-multiple stocks on Wednesday and chased a mix of both defense and value.
Plus, a look at the uncertain prospects for a Saudi Aramco initial public offering.
Let's check the charts and indicators of this railroad.
Everyone keeps asking me if there's a recession around the corner. My answer: I don't see it.
Salesforce is characteristically sustaining strength despite a heap of headwinds.
The rail car maker is likely riding into a slower period of demand for its products, which investors should keep in mind when considering it as a dividend play.
Selling Union Pacific after hitting resistance at the same spot yet again; moving into CSX after stabilizing just above $70.
Stranger things have happened, but with NFLX's subscriber miss, the stock just became hard money, joining the likes of Johnson & Johnson and CSX Corp.