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[ September 30, 2016 | Author: admin | Views: 54570 | Weather: | Mood: normal]

All major U.S. stock indices posted gains last week except for the tech-heavy Nasdaq 100, which fell 1.5%. The losses in this typically market-leading index were driven in large part by the 3.8% drop in Apple (Nasdaq: AAPL). Although the trend in the market is clearly positive, the recent weakness in technology may become problematic if it persists for more than a week or two. From a sector standpoint, last week’s overall market strength was driven by energy, which gained 5.5%. The weakest sectors were utilities (down 3.2%) and — you guessed it — technology (down 2%). Asbury Research’s ETF asset flows-based metric shows the biggest positive percent change in sector bet-related investor assets over the past one-week and three-month periods occurred in energy, which is precisely what fueled the recent gains. This strength has resulted in an emerging bullish trend in the oil services sector, which I will discuss … Continue reading

[ September 30, 2016 | Author: admin | Views: 78900 | Weather: | Mood: normal]

Tiffany (TIF) is having trouble. Signet Jewelers (SIG), a down-market competitor, is not. SCOTT EELLS/BLOOMOBERG NEWS Shares of Signet Jewelers have gained 3.4% to $122.10 at 11:44 a.m. today after the parent company of Zale and other mall diamond stores met earnings forecasts and offered upbeat guidance. Cowen’s Oliver Chen and team have the details: Final 4Q Results In-Line w/ Pre-Announcement; FY17 Guide Above Street; Reit. Outperform. Signet 4Q EPS $3.63 in-line w/ pre-announcement, while mgmt’s FY17 outlook calls for overall comps +3.0-4.5% (vs. Street’s +3.5%) w/ accelerated store openings. Signet shares may trade up +L-MSD on attractive FY17 Adj. EPS guide of $8.25-$8.55 vs. Street’s $8.21E, enthusiasm on synergies, & merch. margin momentum. We’re pleased to see mgmt.’s outlook for FY17 reflects continued strong execution across the business with expectations for overall top and bottom-line growth falling in-line to above expectations. For the full year, Signet is guiding to … Continue reading

[ September 30, 2016 | Author: admin | Views: 20843 | Weather: | Mood: normal]

Related BAC KBW: The Market Is Telling Banks To Break Up Financial Earnings In Focus As New Week Begins, But Data Also On Tap JPMorgan, Bank Of America Earnings Seen Hurt By Q1 Stock Volatility (Investor’s Business Daily) Related C KBW: The Market Is Telling Banks To Break Up Financial Earnings In Focus As New Week Begins, But Data Also On Tap JPMorgan, Bank Of America Earnings Seen Hurt By Q1 Stock Volatility (Investor’s Business Daily) Virtually the entire derivatives market is betting that the S&P 500 won’t be headed much higher in coming months. According to Credit Suisse analyst Mandy Xu, the recent spike in the Credit Suisse Fear Barometer (CSFB) was driven almost entirely lower call demand and is one of the key market themes this week. Best Solar Companies To Own In Right Now: Vaalco Energy Inc(EGY) VAALCO Energy, Inc. (VAALCO), incorporated on February 28, 1989, is … Continue reading

[ September 30, 2016 | Author: admin | Views: 16735 | Weather: | Mood: normal]

Each major index went in a different direction today. The Dow Jones Industrial Average ended up 21.23 points or 0.12%, the Nasdaq slid 39.66 points or 0.80%, and the S&P 500 was essentially flat. The Dow and the S&P both ended the week in positive territory, however, and are within 2% of their all-time highs, reached last May. Michael Nagle/Bloomberg News The Dow and S&P 500 were helped by oil, which rose Friday, along with major energy stocks. However, investors are still weighing whether or not economic growth can spur indexes past their spring 2015 highs. Next week the Federal Reserve will hold a two-day meeting on Tuesday and Wednesday. Stifels Chief Economist Lindsey Piegza writes that without a press conference and updated data, investors will have to parse the FOMC statement alone for clues about the central banks thinking: Hot Energy Companies To Watch For 2017: CVR Energy Inc.(CVI) … Continue reading

[ September 30, 2016 | Author: admin | Views: 76873 | Weather: | Mood: normal]

Related LGCY Marathon Oil Shares, Other Peers Fall After Capex Cut JPMorgan: More MLP Distribution Cuts Coming In 2016 Related GOOGL Mid-Day Market Update: Microsoft Drops On Earnings Miss; NGL Energy Partners Shares Surge Alphabet Crushed After Q1 Report Big Tech Stocks Down Hard, But Small Caps Up; Hawaiian Air Hits "Eject" Button (Investor’s Business Daily) Toward the end of trading Friday, the Dow traded up 0.10 percent to 18,001.14 while the NASDAQ declined 0.90 percent to 4,901.21. The S&P also fell, dropping 0.01 percent to 2,091.31. Leading and Lagging Sectors On Friday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from NGL Energy Partners LP (NYSE: NGL) and Legacy Reserves LP (NASDAQ: LGCY). In trading on Friday, technology shares fell by 1.73 percent. Meanwhile, top losers in the sector included Microsoft Corporation (NASDAQ: MSFT), down 7 percent, and Alphabet … Continue reading