Finance
New Jobless Claims A Bit Higher Than Expected
Here is the opening statement from the Department of Labor: In the week ending January 3, the advance figure for seasonally adjusted initial claims was 294,000, a decrease of 4,000 from the previous week’s unrevised level of 298,000. The 4-week moving average was 290,500, a decrease of 250 from the previous week’s unrevised average of…
Continuing Claims Surge Most Since 2009 Over Last 6 Weeks, Initia
Initial claims dropped 4k on the week but missed expectations, printing 294k (vs 290k exp). This is a level first seen in July 2014 as the trend of improvement has ended for claims (the biggest 3 month rise in over a year). Layoffs were dominated by MI where manufacturing and waste management industries suffered (and Texas saw…
Euro Drop Brings Woe To Europe
The euro’s precipitous decline reflects more than financial market nervousness over Greece’s political stability. Persistent structural weaknesses in much of Europe’s constituents feed the euro’s fragility. The European Central Bank (ECB) watches the euro’s unfolding crisis with alarm. Its most recent reforms allow it to act more decisively in setting monetary policy, much like the US’s…
The Fed Speaks And The Stock Market Rallies
You never want to fight the Fed…but it is very interesting that they seem to want the stock market to go up. You never want to fight the Fed but you surely need a trading plan in order to succeed in the markets.
Bull Of The Day: Delta Air Lines
Delta Air Lines (DAL – Analyst Report) looks well-positioned to fly higher thanks to favorable industry tailwinds, attractive valuation, and positive earnings momentum. It is a Zacks Rank #1 (Strong Buy) stock. Delta Air Lines offers service to 327 destinations in 59 countries on six continents. It operates a mainline fleet of more than 700 aircraft and serves…
Morning Call For January 8, 2015
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 +0.99%) this morning are up +0.87% on positive carryover from Wednesday afternoon’s Dec 16-17 FOMC meeting minutes that signaled the Fed will remain patient in raising interest rates. European stocks are up +2.12% as signs of economic weakness in Europe spurs optimism that the ECB will expand stimulus. Eurozone…
US ETF Equity Sectors Review | 8 Jan 2015
Utility sector stocks don’t usually excite the crowd, but this corner of the US equity market has shed its dull image lately. Traditionally seen as a safe haven within the broad market, shares of electric and gas utility companies are performing like growth stocks these days. Thanks to the renewed risk-off bias of late, utilities…