[Chart courtesy of MarketWatch.com] 1. Moving the Markets The S&P 500 topped previous record highs today, riding the wave of positive corporate earnings reports. 68% of earnings reports have topped analyst estimates so far, and according to a Thompson Reuters report, companies are on track to grow earnings 5.4% in the second-quarter. For the day, the S&P 500 gained 0.2% …
Stocks Gain On Solid Earnings Reports And Economic Data
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks generally trended higher today, mostly driven by some positive earnings announcements and economic data that showed the U.S. economy remains on track for positive growth. Housing data showed that existing home sales hit an eight-month high in June, and the U.S. Consumer Price Index also rose in June. Chipotle (CMG) continued …
Investors Still Shaky On International Concerns; A Big Day For Chipotle
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets recovered from a steep drop early on during the trading day, but were unable to climb back up to break even by the closing bell as the chart above shows. The day’s losses were pretty broad, with nine of the 10 primary S&P 500 sector indexes ending in negative territory. The …
ETFs/Mutual Funds On The Cutline – Updated Through 07/18/2014
Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned. The first report covers the ETF Master List from Thursday’s StatSheet and includes 398 ETFs, of which currently 364 (last week 375) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Will The European Central Bank Be Forced Into QE Next Year?
The European Central Bank is likely to include in their Stress Test the money that commercial banks have raised and the fines they have incurred, said Erik Britton, director at Fathom Consulting. The eurozone final inflation reading for June came in at 0.5 percent, matching an initial estimate. Asked if investors should take heart since price levels are not falling, …
New ETFs On The Block: iShares Currency Hedged And REIT ETFs (HEZU, REET)
BlackRock’s iShares, the world’s largest issuer of exchange traded funds, added two more funds to its tally recently to expand its lineup on investment themes that found favor with investors this year. While the iShares Currency Hedged MSCI EMU ETF (HEZU) is a European equity-play that has a currency-hedge streak, the iShares Global REIT ETF (REET) is a global real-estate …