|Day Low/High||2,122.13 / 2,139.21|
|52 Wk Low/High||1,630.56 / 2,228.99|
Stocks posted modest gains Thursday, breaking free from a two-day selloff, as Wall Street showed cautious optimism ahead of the April jobs report out on Friday.
Internet retail is the future of shopping. Purchasing items online is convenient for consumers and it's no surprise e-commerce sales continue to grow.
On Thursday, May 7th we await earnings from Alibaba Group (BABA) Priceline (PCLN), Kate Spade (KATE), Orbitz Worldwide (OWW), CBS (CBS), Freshpet (FRPT), and TrueCar (TRUE).
My Trade of the Week is shorting PowerShares QQQ Trust (QQQ) at $109.60 (where I just added this morning). My rationale: An overbought Nasdaq An overvalued Nasdaq -- "old" tech (e.g., Microsoft (MSFT)) has rallied big and so has "new" tech (Pricelin...
For the week of May 4, we await results from Comcast (CMCSA), EOG Resources (EOG), Walt Disney (DIS), 21st Century Fox (FOXA), Tesla (TSLA), Alibaba (BABA), WhiteWave (WWAV) and more.
Market players are unlikely to retreat until we push through 5,000.
Hewlett-Packard causes a flash flood into new tech from old.
"In such a spirit on my part and on yours we face our common difficulties. They concern, thank God, only material things. Values have shrunken to fantastic levels; taxes have risen; our ability to pay has fallen; government of all kinds is faced by ...
Sector and group performance is quite interesting, and conspicuous, today. Financials, especially among money-center banks, have had collateral, absolute and relative damage off the disappointing HSBC (HSBC) profit outlook downgrade. At the same tim...