It is no doubt the US economy is heading towards the needed recovery as seen by the published macroeconomics data since the past 2 months. Just yesterday (13th Jan 2012), the US consumer-sentiment index reached 74 in the preliminary reading for January, compared with 69.9 in December. Jobs growth reached 200,000 in December, 4.7% higher than the prior year.Mortgage rates…
Tag: US Stock Market
Worldwide stock markets rebound on good summit news. Bear relief or resume of last bull run? | Market Analysis
US stocks climbed and treasuries tumbled on last Thursday after the second EU summit in six days of talks ended in Brussels with European governments boosting their rescue fund to 1 trillion euros. Europe’s latest effort to contain the euro zone’s two-year-old debt crisis won applause from financial markets. It includes a commitment by banks and other private bondholders to accept…
Crocs stock price plunged on unexpected profit warning – opportunity or more bad news? | Technical Analysis | US Stocks Review
On Tues 18th Oct 11, Crocs (CROX) pre-announced earnings and warned about a possible 25% decrease in its earnings for the quarter. Though it provides an early evaluation of the company’s financial performance, the market reaction was still very drastic. In one night (after hours), Crocs lost 38% of its market cap overnight. I have always been a great fan…
New Amazon Kindle Fire to boost Amazon stock price? | Technical Analysis, IT Gadget
Amazon (AMZN) has released its new tablet reader – Kindle Fire, bringing a new competitor to a market that has so far been dominated by Apple. Based on a quick comparison charting on the various ket tablets available in the market, Amazon Fire has some competitive edge in terms of pricing with core decent specifications & mobility. More importantly, it…
HP (HPQ) stock price falls amid analysts’ downgrades on weak investors’ confidence in new business directions | US Stock Market
Last Friday (19th Aug 11), the technology giant, HP (HPQ) shed about $12 billion of its market value as more than half a dozen Wall Street analysts downgraded its stock, citing a litany of concerns over the company’s ability to reinvent itself. Friday’s drop of $5.91, to $23.60 a share, came a day after HP said it would seek to…
S&P downgrades US from AAA to AA ratings – poor US credit rating with worsening budget deficits | Fundamental Analysis | US
The world ended the week with a tailspin from S&P downgrade of the triple-A (AAA) rating the US has held for 70 years, saying the budget deal recently brokered in Washington didn’t do enough to address the gloomy long-term picture for America’s finances Standard & Poor’s slammed the nation’s political process and criticizing lawmakers for failing to cut spending enough…
US Debt Ceiling saga clouded upside potential of markets | Gold & USD Index Technical Analysis | US Stock Markets
Around the world, across different markets, investors have reacted in great anxiety anxiety especially to the ongoing gridlock between the White House and Republican lawmakers over a path toward raising the government’s debt limit and avoiding a potential default. A deal on the debt limit is needed for the government to avoid running out of funds to pay its bills…
Apple stock price recovers ahead of its Q3 Financial performance announcement | AAPL Technical Analysis | US Stocks Market
Apple Inc (AAPL) is releasing its closing quarter financial performance on 19th July 2011. Q2 was a stellar performing quarter for Apple Inc. Moving forward, Apple has a series of new products which will once again add on to its revenue base – iCloud, iPhone 4G/5, iPad 3 HD, Mac Air refresh etc. Investors have anticipated good upcoming results and…
RIM profit warning sends RIM stock price to 52 weeks low | Technical Analysis | US Stock Market
Shares in Research In Motion Ltd (RIM) tumbled late Thursday 9th Jun 2011 after the BlackBerry maker posted fourth-quarter earnings in line with forecasts, but said costs to launch the PlayBook tablet would drive future profits lower in the near term. RIM said its gross margin, or the percentage of sales left after production costs, will be about 41.5 per…
Multi week lows for major stock markets – Dow Jones Industrial, Nasdaq, Straits Times Indices with soft USD $ | Technical Analysis | US Stock & Currency Markets
The market is still digesting that there’s been a softening in economic growth in the U.S. and other parts of the world. This is not surprising as there are signs of bearish divergences in most of the indices technical chartings. The six-week losing period, which has knocked 6.7% from the Dow, is the longest stretch since October 4, 2002, when…