Avon (AVP) plummeted on Friday, a day after briefly surging on reports it is seeking out investment from private-equity funds. That has provoked fears the cosmetics company is facing a cash crunch as sales take a hit on currency exchange. Stocks ended the day with modest increases and the week with solid gains. Markets have traded erratically this week in anticipation of the September meeting of the Federal Reserve on Wednesday. Crude oil ended the day sharply lower and closed the week with losses of just over 3% after Goldman analysts predicted oil could fall as low as $20 a barrel on oversupply concerns. The latest check on rigs should help lift some of those fears, though. Active drilling rigs in the U.S. fell by 16 in the past week.
More from Video
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.