Stocks closed higher on Fed stimulus hopes and better than expected Factory Order numbers. However, the Obama Administration’s nixing of the ATT (NYSE: T) and Tmobile deal sent telecommunication shares skidding lower on the session. Friday’s job data will paint a clearer picture of the economy. Meanwhile, the world’s eyes are on September’s Fed meeting [...]
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- Username Dave Goodboy
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Articles published by Dave Goodboy
Wall Street Watcher & 5 Hot Stocks for Wednesday
A weak consumer confidence reading sent shares into negative territory for a portion of the trading day. However, positive news from Boeing (NYSE: BA) regarding aircraft orders triggered buying. The bullish sentiment resulted in the major indexes closing positive on the day despite the dire confidence reading. Word that the Fed considered more stimulus in [...]
Greece: is the Worst finally Over?
Greece is a beautiful place. The island nation is home to unbelievable beaches, great restaurants and definitely some of the best looking women on earth. Economically, however, it’s a far different story. The countries free spending ways sent its financial system into a tailspin. Bail out after bail out seemed to be only a temporary [...]
Wall Street Watcher & 5 Hot Stocks for Monday
The stock market laughed in the face of the pending Hurricane Irene strike on New York City by climbing sharply on the session. Positive words from Bernanke’s Jackson Hole speech fueled the rally despite a topsy turvy trading day. He stated that long term economic prospects for the United States remain on track despite not [...]
Pandora gaining Traction, finally!
PADORA (NYSE: P) is a really cool service. It’s an Internet radio broadcaster that builds personalized radio stations based on the “genetic code” of music one enjoys. The service utilizes the Music Genome Service as its musical taste matching system. Basically, a program, built by serious music geeks and computer experts, that breaks songs down [...]
Wall Street Watcher & 5 Hot Stocks for Friday
A report indicating job weakness and German economic worries led to a sharp sell-off in the stock market. Anticipation for Bernanke’s Jackson Hole speech on Friday added to the overall trepidation of the session. Financial stocks were buoyed by Warren Buffet’s $5 billion investment in Bank of America. GDP and Michigan Sentiment hit the wire [...]
Steve Jobs is Immortal, Don’t Worry!
In Hollywood they say that immortality is based on how many people remember you after you go into the great hereafter. If this is the case, Steve Jobs may have actually achieved this ultimate goal of mankind. Not to mention his apparent super human strength surviving a nasty disease that would have killed or at [...]
Wall Street Watcher & 5 Hot Stocks for Thursday
Gold was crushed today, plummeting more than 5%. Investors decided to take profits after the parabolic rise. A solid increase in durable goods orders squelched fears of a pending recession, which sent stocks sharply higher on the session. Builders and banks surprised positively with earnings and positive analyst statements. Initial Claims numbers hit the street [...]
Gold: Time to Buy?
Gold has gone absolutely parabolic on its climb higher. Bursting above its 50-day moving average at the start of July, the precious yellow metal has pushed to $1917.90 per oz prior to pulling back. This sharp increase in price has triggered pundits in both the bullish and bearish camp to go into a frenzy of [...]
Wall Street Watcher & 5 Hot Stocks for Wednesday
Not even an earthquake and a pending East Coast hurricane could stifle the bull’s enthusiasm today. Stocks soared on anticipated economy positive words from Fed Chairman Ben Bernanke this Friday. Technology stocks led the advance with financial shares following suit, despite additional fears from Bank of America (NYSE: BAC). Durable Orders and Crude Inventories should [...]
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