Stock picks, trading ideas and portfolio strategies from Wall Street's best traders, investors and pundits.
What began like a strong session ended up in disappointment for the bulls. In what started as a celebration of Chairman Bernanke’s testimony ended in shock and disbelief. Why the equity market is shocked that ending or tapering off of quantitative debt purchases by the Federal Reserve is not inevitable is really beyond me. What [...]
The equity market’s gradual ascent continues. The JP Morgan (JPM) annual meeting resulted in maintaining Jamie Dimon in the positions of CEO and President. Apple’s (AAPL) Tim Cook got grilled by US Senators but all that we heard was what we already knew – if the US reduced its rates then Apple would repatriate cash. [...]
I have taken off two days for my civic duty (on jury duty), two days for faith (Shavuot) and two days for family (graduation at Boston Univ. Law School) and (Seton Hall Nursing School). My wife, a BU Law grad presented our son with his diploma. As a member of the SHU faculty, I was [...]
We got that picture perfect pullback yesterday, breaking the S&P 500 (SPX) winning streak without inflicting more than a flesh wound. The bulls even managed to push us into the green temporarily but I think they really just took the day off. After hours Priceline.com (PCLN) pulled off its usual quarterly report – outperform for [...]
I am back from my travels which took me north and then south and east. I can tell you that the consumer is out in full force, wherever I went. The impact of the payroll tax increase was fleeting and offset, at least psychologically, by the decline in energy prices. I get to stay at [...]
Today the Bureau of Labor Statistics will reveal it much anticipated April jobs report. However, as we can already glean from the last two weeks’ weekly unemployment claims releases, that April data may not only be stale but will be underwhelming. Expect a disappointing report today, likely received with a knee jerk Pavlovian trader response. [...]
Yesterday was one of those days when the stock market was the dog and the bond market was the tail. Apple’s (AAPL) huge $17 billion bond sale on Monday, which was highly oversubscribed and successful had to find a source for cash. It was from stocks. Yesterday the bond market rose – before and after [...]
Welcome to May Day comrade. If you believe in the socialist way of life, then you need not read further. Frankly, for me May Day is just a day in between my birthday and Cinco De Mayo. I already have my beer, chips, salsa and guacamole ready for that event. Until then I will snack [...]
The markets in what was an uncharacteristic Monday rose early and held those gains for the day. When the bell range, the S&P 500 (SPX) closed at an all-time high. Three-twenty-nine. I am not referring to a time of day. I am not referring to a date. I am not referring to an address. Nor [...]
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