August 28, 2017: Markets opened higher for the third straight day Monday, but gains were offset in short order on both the S&P 500 and the DJIA. There was no major economic news Monday and no earnings of note. Two large biotech mergers kept the Nasdaq Composite rocking higher. Healthcare and tech posted the largest sector gains will financials and tech stocks lagged. WTI crude oil for October....More>>>
U.S. equities mostly finished lower on Thursday as the bulls cooled their heels after a multi-day push to new record highs. Hopes for a bipartisan deal on taxes dimmed slightly after President Donald Trump and Congressional Democrats differed on whether border wall funding would be part of the agreement.
In the end, the Dow Jones Industrial Average gained 0.2%, the S&P 500 lost 0.1%,....More>>>
Source: ThinkstockAugust 2, 2017: The S&P 500 closed relatively flat at 2,477.51. The DJIA closed up 0.2% at 22,016.04. Separately, the Nasdaq closed relatively flat at 6,362.65.
Wednesdays session saw the Dow hit a new all-time high almost solely on the back of Apple, which had a gain of more than 5% on the day. Although Apple did not make the biggest percentage gain in the S&P 500....More>>>
U.S. equities drifted lower in quiet trading on Monday, an anticlimactic start to the week after Friday’s trading nearly took the Dow Jones Industrial Average over the 20,000 threshold. Although the bulls came within one point of the hurdle there was simply no follow through today.
In the end, the Dow lost 0.4%, the S&P 500 Index dropped 0.4%, the Nasdaq Composite wafted....More>>>
Here’s what Jim Cramer had to say about some of the stocks during the Mad Money Lightning Round:
PayPal (PYPL) : “This company is remarkable. That’s a buy even up here at $60. “
Marriott International (MAR) : “I think the weakness was a buying opportunity.”
Seabridge Gold (SA) : “I like profitable gold companies like Randgold Resources....More>>>
August Soybeans are trading at 1087 3/4, down 13 3/4 cents/bushel. September Soybeans are trading at
1070 3/4, down 14 cents/bushel. November Soybeans are trading at 1061, down 12 1/4 cents/bushel. August Soymeal is trading at 378.5 down 4.9 $/ton. August Soybean Oil is trading at 30.34, down 0.02 cents/lb.
Soybean futures are trading lower during early trading Thursday morning after....More>>>
Shale oil producer Whiting Petroleum (NYSE:WLL) is all set to benefit from an improvement in oil prices going forward as the company has managed to reduce its losses even in a challenging environment due to its cost control. In fact, driven by its focus on reducing costs, Whiting was recently upgraded by Stifel to “Buy” from “Hold” with a price target of $15. This implies....More>>>
Cobalt International Energy (NYSE:CIE) has been on a seemingly never-ending slide. After plunging 77.3% in 2016, the offshore oil developer picked up right where it left off in 2017, falling another 22.8% last month. While the company released some good news last month, investors continue to focus on its precarious financial position.
Michael E. Lewitt
Yesterday, markets had their worst day in 2017.
The Dow Jones Industrial Average plunged about 240 points and the S&P 500 dropped 1.2% with financials falling over 2.5%. I think the selloff was due to concerns about Trump’s policies not having the magical effects the markets are counting on. I also think it had a lot to do with Rep. Kevin Brady’s....More>>>
If you want to make big gains in the market, you need to invest in growth. Just consider the gains you could have made during the U.S. consumer boom in the 1950s… From 1950 to 2015, U.S. gross domestic product (GDP) per capita rose 690%, adjusted for inflation. During that time, the S&P 500 soared 11,700% (not including reinvested dividends). Over the course....More>>>