The Dow is down around 2.29% to 9906.20 on renewed fears of a global slowdown and consumer reports that consumers are not spending as much as they used to once again. Asian markets dropped overnight leading to the selling off of stocks in the US market and investor's are spooked. Bank of America (BAC) and General Electric (GE)are at the lowest prices I've seen them at in a while. Good buys if you believe the stock market will come back. Ford(F) and AMD as well are pretty low for the 50 day moving average so they would also be good buys. Ford has definitely made a better name for itself over the past year so we should see its stock rise in the short run.
If anyone reading wants to start trading and open an account with Scottrade, right now they are offering 3 free trades to YOU if you sign up using someone's referral link so if you are thinking about it let me know and I'll send you mine.
Tuesday, June 29, 2010
Friday, June 25, 2010
Dow down on the week
Dow down 8.99 to 10,143.81
Nasdaq up 6.06 to 2,223.48
S&P 500 up 3.07 to 1076.76
The stock market today fluctuated as banks sorted out a financial regulation so that what happened last year could not occur again. BP shares hit a new 14-year low as they announce the relief well is on target. Bank stocks soared as the new financial regulation was passed. The commerce department released a new study today that the second half of the year will be just as slow as the first due to decreased spending by consumers, businesses and governments. This means a lower recovery as the world is desperately trying to get the world going on a worldwide economic recovery.
If anyone reading wants to start trading and open an account with Scottrade, right now they are offering 3 free trades to YOU if you sign up using someone's referral link so if you are thinking about it let me know and I'll send you mine.
Nasdaq up 6.06 to 2,223.48
S&P 500 up 3.07 to 1076.76
The stock market today fluctuated as banks sorted out a financial regulation so that what happened last year could not occur again. BP shares hit a new 14-year low as they announce the relief well is on target. Bank stocks soared as the new financial regulation was passed. The commerce department released a new study today that the second half of the year will be just as slow as the first due to decreased spending by consumers, businesses and governments. This means a lower recovery as the world is desperately trying to get the world going on a worldwide economic recovery.
If anyone reading wants to start trading and open an account with Scottrade, right now they are offering 3 free trades to YOU if you sign up using someone's referral link so if you are thinking about it let me know and I'll send you mine.
Tuesday, June 22, 2010
Stock Futures Point Lower
Yesterday the stock market started off very strong looking to China but those gains were recalled and ended the market down on the day. Another European bank was downgraded today renewing the fears of the debt crisis overseas and putting a pause on investors who just started to see the market turn around. BP touched a 13 year low as it announced that the cost of the spill will likely cost company $2 million to clean up. Look for a bad day today for the market as the debt woes will continue all day. It may be a good time to invest...
Saturday, June 19, 2010
Friday June 18th 2010
DOW up 16.47 to 10450.64
Nasdaq up 2.64 to 2309.80
S&P 500 up 1.47 to 1117.51
The Dow finished up on the week for the second straight week showing the recovery resuming in a very minimal way however. Gold hit a record high once again and unemployment went down in 37 states. Obama expressed his thought of how the GOP was making life very difficult for the unemployed. I read an article recently that companies are not looking to hire unemployed people and only look to hire those who already have a job. This is complete BS as many people are still unemployed and is not easy to find a job in the current economy. Anyways, China announced more exchange rate flexibility although the strike has begun to affect car maker Toyota.
Nasdaq up 2.64 to 2309.80
S&P 500 up 1.47 to 1117.51
The Dow finished up on the week for the second straight week showing the recovery resuming in a very minimal way however. Gold hit a record high once again and unemployment went down in 37 states. Obama expressed his thought of how the GOP was making life very difficult for the unemployed. I read an article recently that companies are not looking to hire unemployed people and only look to hire those who already have a job. This is complete BS as many people are still unemployed and is not easy to find a job in the current economy. Anyways, China announced more exchange rate flexibility although the strike has begun to affect car maker Toyota.
Thursday, June 17, 2010
DOW up 24.71
Dow up 24.71 to 10434.17
Nasdaq up 1.23 to 2307.16
S&P 500 up 1.43 to 1116.04
The Dow went up and was down for the bulk of the day except for the last 2 hours where it seemed to pull itself up again. The CEO of BP went in front of congress today and expressed how sorry he felt that the spill int he Gulf had happened as he faced heavy criticism. Gold hit another record high today as it seems to do whenever the market is looking at a bad Friday. Big news yesterday was that BP would be suspending its dividends to help pay for the relief to the Gulf. This hurts a lot of BP long term shareholders that depend on that dividend as they are retired. Oil is said to still be leaking at 60000 barrels a day which only makes thing worse for BP and the Gulf coast. It looks as if BP will eventually go bankrupt while trying to pay for all of the aftermath but only time will tell.
Nasdaq up 1.23 to 2307.16
S&P 500 up 1.43 to 1116.04
The Dow went up and was down for the bulk of the day except for the last 2 hours where it seemed to pull itself up again. The CEO of BP went in front of congress today and expressed how sorry he felt that the spill int he Gulf had happened as he faced heavy criticism. Gold hit another record high today as it seems to do whenever the market is looking at a bad Friday. Big news yesterday was that BP would be suspending its dividends to help pay for the relief to the Gulf. This hurts a lot of BP long term shareholders that depend on that dividend as they are retired. Oil is said to still be leaking at 60000 barrels a day which only makes thing worse for BP and the Gulf coast. It looks as if BP will eventually go bankrupt while trying to pay for all of the aftermath but only time will tell.
Minimal Gains
Dow up 4.69 to 10409.46
Nasdaq up 0.05 to 2305.93
S&P 500 down 0.62 to 1114.61
Overall had a mostly up day until the last hour when BP said it would pay $20 billion to the gulf as relief and the FED announced t would be keeping a closer eye on banks so that a financial crisis could not happen again. Home construction failed to improve the economy as the stocks of Home Depot and Lowe's dropped today. US Airways (LCC) has been skyrocketing and hitting new yearly highs for the past fews days so make sure you give them a look. May be a good long term investment. Also Activision (ATVI) is leading the gaming industry so give them a look as well.
Nasdaq up 0.05 to 2305.93
S&P 500 down 0.62 to 1114.61
Overall had a mostly up day until the last hour when BP said it would pay $20 billion to the gulf as relief and the FED announced t would be keeping a closer eye on banks so that a financial crisis could not happen again. Home construction failed to improve the economy as the stocks of Home Depot and Lowe's dropped today. US Airways (LCC) has been skyrocketing and hitting new yearly highs for the past fews days so make sure you give them a look. May be a good long term investment. Also Activision (ATVI) is leading the gaming industry so give them a look as well.
Monday, June 14, 2010
Roller Coaster Ride
DOW down 20.18 to 10190.89
Nasdaq up 0.36 to 2243.96
S&P 500 down 1.97 to 1089.63
The Dow was up fr most of the day today being led by tech stocks and gaming stocks. Then THQ announced that its sales were much lower than expected and the stcks began its tumble. Bank stocks were on the down side the entire day while energy stocks were a seesaw just like the DOW. Europe's debt crept back into the stock market as investors were anxious and Moody downgraded Greece's debt to junk status.
BP's board discussed suspending the dividend's today as the stock continued to fall. Oil prices, which have been declining for 6 weeks now is looking to increase dramatically over the next month as the fourth of July is upcoming. Basically everything for today. Look for a downturn tomorrow unless BP comes up with big news or banks find some hidden money somewhere.
Nasdaq up 0.36 to 2243.96
S&P 500 down 1.97 to 1089.63
The Dow was up fr most of the day today being led by tech stocks and gaming stocks. Then THQ announced that its sales were much lower than expected and the stcks began its tumble. Bank stocks were on the down side the entire day while energy stocks were a seesaw just like the DOW. Europe's debt crept back into the stock market as investors were anxious and Moody downgraded Greece's debt to junk status.
BP's board discussed suspending the dividend's today as the stock continued to fall. Oil prices, which have been declining for 6 weeks now is looking to increase dramatically over the next month as the fourth of July is upcoming. Basically everything for today. Look for a downturn tomorrow unless BP comes up with big news or banks find some hidden money somewhere.
Friday, June 11, 2010
Dow up on the week
Sorry I've been MIA for the past few days, just been really busy but lets get the recap.
DOW up 38.54 to 10211.07
Nasdaq up 24.89 to 2243.60
S&P 500 up 4.76 to 1091.60
The Dow finally finished a week in the green for the first time in a month. This just shows you how bad it has been lately. It was a seesaw today as the DOW kept increasing and decreasing as BP shows more lies about how much has actually leaked into the gulf. Bank stocks were back and forth with Citi finishing down but Bank of America finishing up. Studies also showed that a decrease in spending by consumers could slow down the recovery. Wendy's and Arby's got an offer from an anonymous company looking to takeover sending their shares 7% higher. Look for Monday to be another staggering day as there are 2 whole days for more and more news to come.
DOW up 38.54 to 10211.07
Nasdaq up 24.89 to 2243.60
S&P 500 up 4.76 to 1091.60
The Dow finally finished a week in the green for the first time in a month. This just shows you how bad it has been lately. It was a seesaw today as the DOW kept increasing and decreasing as BP shows more lies about how much has actually leaked into the gulf. Bank stocks were back and forth with Citi finishing down but Bank of America finishing up. Studies also showed that a decrease in spending by consumers could slow down the recovery. Wendy's and Arby's got an offer from an anonymous company looking to takeover sending their shares 7% higher. Look for Monday to be another staggering day as there are 2 whole days for more and more news to come.
Tuesday, June 8, 2010
DOW up 123.49
Dow up 123.49 to 9939.98
Nasdaq down 3.33 to 2170.57
S&P 500 up 11.53 to 1062.00
The DOW rallied in the last hour of trading today ending a 2 day losing streak for the Dow dropping 440 points. Today's rally was due to Bernanke's statement that he doesn't think that the economy will go into another recession. Gold surged to a new high but close at 1235. GM making news to hold 900 more dealerships than it planned but recalled 1.5 million vehicles due to a fire hazard. Not sure if we should expect this momentum to continue to draw the market upwards since it is still obviously unstable.
Nasdaq down 3.33 to 2170.57
S&P 500 up 11.53 to 1062.00
The DOW rallied in the last hour of trading today ending a 2 day losing streak for the Dow dropping 440 points. Today's rally was due to Bernanke's statement that he doesn't think that the economy will go into another recession. Gold surged to a new high but close at 1235. GM making news to hold 900 more dealerships than it planned but recalled 1.5 million vehicles due to a fire hazard. Not sure if we should expect this momentum to continue to draw the market upwards since it is still obviously unstable.
Monday, June 7, 2010
Dow down 115 in late trading
Dow down 115.48 to 9816.49
Nasdaq down 45.27 to 2173.90
S&P 500 down 14.41 to 1050.47
Today the stocks were steady until around the lats hour of trading when the euro plunged and with it the market went down over 100 points once again. Among the top stories, Apple announced when the next iPhone will be released (June 24th) saying that it has come far from the original. Look for the market to keep falling on momentum at the end of the trading day today, but also keep in mind that all of the stocks that are falling won't be falling forever so a long term investment in BAC or GE or even AAPL is a good idea for long term.
Nasdaq down 45.27 to 2173.90
S&P 500 down 14.41 to 1050.47
Today the stocks were steady until around the lats hour of trading when the euro plunged and with it the market went down over 100 points once again. Among the top stories, Apple announced when the next iPhone will be released (June 24th) saying that it has come far from the original. Look for the market to keep falling on momentum at the end of the trading day today, but also keep in mind that all of the stocks that are falling won't be falling forever so a long term investment in BAC or GE or even AAPL is a good idea for long term.
Friday, June 4, 2010
June 4th Dow plummets 323.31
Nasdaq down 83.86
S&P 500 down 37.95
The market plummeted today with the Dow falling over 300 points on news of disappointing job reports, and problems in about every sector of the market. Banks were closed, oil was down, the dollar surged, Chrysler recalls the Dodge Caliber for sticky gas pedals. Look over the weekend to see if the bad news continues or if there is some good news in the mix. Monday is a toss up whether it will be a good or bad day. Just keep an eye on the weekend to see what happens. Let me know what you all think will happen!!
S&P 500 down 37.95
The market plummeted today with the Dow falling over 300 points on news of disappointing job reports, and problems in about every sector of the market. Banks were closed, oil was down, the dollar surged, Chrysler recalls the Dodge Caliber for sticky gas pedals. Look over the weekend to see if the bad news continues or if there is some good news in the mix. Monday is a toss up whether it will be a good or bad day. Just keep an eye on the weekend to see what happens. Let me know what you all think will happen!!
Thursday, June 3, 2010
Dow up 5.74 points WOAH
Nasdaq up 21.96
S&P 500 up 4.45
Not much happening today in the market. The Dow was a see-saw going up and down finally ending up only 5 points. Tech stocks started to move at the end of the day with Dell talking about going private boosting its stock at the end of the trading day which will probably lead into tomorrow. Don't really know what the futures point to as China gets on its way wit the markets so only time will tell until 9:30 in the morning over here.
S&P 500 up 4.45
Not much happening today in the market. The Dow was a see-saw going up and down finally ending up only 5 points. Tech stocks started to move at the end of the day with Dell talking about going private boosting its stock at the end of the trading day which will probably lead into tomorrow. Don't really know what the futures point to as China gets on its way wit the markets so only time will tell until 9:30 in the morning over here.
Wednesday, June 2, 2010
First Post June 2nd
Hey everyone, I'm here to give my thoughts about the stock market and the stocks I am currently interested in. Here's the list of stocks I have on my watch list so far..
Symbol Price $ Chg % Chg
GE 16.35 +0.37 +2.32
F 11.85 +0.44 +3.86
S 4.99 +0.23 +4.83
RAD 1.18 +0.03 +2.61
NCT 2.87 -0.05 -1.71
C 3.92 +0.07 +1.82
LUV 12.62 +0.42 +3.44
LCC 9.44 +0.80 +9.26
BAC 15.89 +0.46 +2.98
SNV 2.81 +0.07 +2.55
DELL 13.12 +0.03 +0.23
AMD 8.54 +0.40 +4.91
NXG 2.95 +0.07 +2.43
ABK 1.24 +0.07 +5.98
LOW 24.43 +0.14 +0.58
HD 33.87 +0.33 +0.98
From this list I have invested in almost every stock on the list and have to say all are of right now solid companies except for ABK which is swaying back and forth in my mind. General Electric is always a solid investment for the long term or even the short term if you buy enough shares.
US Airways had a big day today on announcements by Continental that their revenue per seat mile rose by 23-24%. Ford increased as their light vehicles sales increased 22% in the month of May. The Dow gained 225.52 on the day with the Nasdaq increasing 58.54 points and the S&P 500 up 26.67.
US home sales beat the estimates causing the DOW to increase for the day amid continued worries over Europe and the debt crisis of multiple countries. This month of June is said to be another volatile one just like in May with stocks flowing back and forth so I wouldn't be too jumpy on the stocks for the next fews days. Look for progress by BP in their relief efforts for energy stocks and for all stocks keep a close eye on Europe.
I'll be back tomorrow with more of my thoughts on this market and what happened during the day. Thanks for reading
Symbol Price $ Chg % Chg
GE 16.35 +0.37 +2.32
F 11.85 +0.44 +3.86
S 4.99 +0.23 +4.83
RAD 1.18 +0.03 +2.61
NCT 2.87 -0.05 -1.71
C 3.92 +0.07 +1.82
LUV 12.62 +0.42 +3.44
LCC 9.44 +0.80 +9.26
BAC 15.89 +0.46 +2.98
SNV 2.81 +0.07 +2.55
DELL 13.12 +0.03 +0.23
AMD 8.54 +0.40 +4.91
NXG 2.95 +0.07 +2.43
ABK 1.24 +0.07 +5.98
LOW 24.43 +0.14 +0.58
HD 33.87 +0.33 +0.98
From this list I have invested in almost every stock on the list and have to say all are of right now solid companies except for ABK which is swaying back and forth in my mind. General Electric is always a solid investment for the long term or even the short term if you buy enough shares.
US Airways had a big day today on announcements by Continental that their revenue per seat mile rose by 23-24%. Ford increased as their light vehicles sales increased 22% in the month of May. The Dow gained 225.52 on the day with the Nasdaq increasing 58.54 points and the S&P 500 up 26.67.
US home sales beat the estimates causing the DOW to increase for the day amid continued worries over Europe and the debt crisis of multiple countries. This month of June is said to be another volatile one just like in May with stocks flowing back and forth so I wouldn't be too jumpy on the stocks for the next fews days. Look for progress by BP in their relief efforts for energy stocks and for all stocks keep a close eye on Europe.
I'll be back tomorrow with more of my thoughts on this market and what happened during the day. Thanks for reading
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