The Wednesday Market Minute U.S. equity futures turn green after stronger-than-expected earnings from Goldman Sachs and Bank of America. Global stocks mixed amid the increasing confusion over the impact of Prime Minister Theresa May's historic parliamentary defeat on Brexit last night and concern over the lack of progress in U.S.-China trade talks. U.K. lawmakers will debate a...
Continue reading >>
Video-streaming giant Netflix announced Tuesday that it is raising prices between 13 and 18 percent for new and existing customers. That's the most substantial increase in its history. Following the announcement, the company's stock shot up more than 6 percent. If you had invested in Netflix in 2007, when it first began its streaming service, that investment could have paid off big time: A...
Continue reading >>U.S. markets rebounded on Tuesday following two-days of losses to keep a 5-day mini trading range intact. The major indexes cleared near-term resistance levels and remain on track to clear and hold their 50-day moving averages on continued strength. Earnings from the Financial sector provided some strength despite the mixed results. Meanwhile, volatility eased but remains slightly above key...
Continue reading >>
Disney shares are up more than 11 percent since the market bottomed Dec. 24, and options traders don't seem to see any signs of slowing for the rally. The stock rose 1 percent Monday despite the company announcing that it would raise admission prices to Disneyland ahead of the opening its brand-new, 14-acre "Star Wars" area. The shares continued their rise early into Tuesday's trading...
Continue reading >>
JPMorgan Chase & Co.'s fourth quarter profits badly missed analysts' expectations on Tuesday, caused by difficulties in the bank's bond-trading business. The nation's largest bank said it earned $7.07 billion in the last three months of the year, or $1.98 per share, up from $4.23 billion, or $1.07 a share, in the same period a year earlier. Last year's results were impacted by the passage of...
Continue reading >>U.S. markets showed weakness for the 2nd-straight finish while closing lower as the start of 4Q earnings season heats up this week. Tech and the small-caps were hit the hardest as the overall market had it first back-to-back loss of the year. Concerns over an economic slowdown in China also dampened sentiment along with a flood of Fed speak due the rest of the week. Volatility rose but held...
Continue reading >>