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3/02 U.S. stocks: Futures edge higher ahead of data deluge

Administrator - Monday, 2 March 2015 08:06

Apple poised to goose gold as economic numbers start flying
http://www.marketwatch.com/story/apple-poised-to-goose-gold-as-economic-numbers-start-flying-2015-03-02?dist=beforebell

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Berkshire Hathaway, Qualcomm, Mylan in focus: http://huntforthenext10bagger.com/stockearnings

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U.S. stocks: Futures edge higher ahead of data deluge
LONDON (MarketWatch) — U.S. stock investors were hoping to kick off March on an upbeat note on Monday, with futures edging higher ahead of a raft of economic reports — including consumer spending and manufacturing numbers — that will offer signs about the health of the U.S. economy.

Investors were also taking inspiration from Asia, where markets rose after a Chinese central-bank rate cut.

Futures for the Dow Jones Industrial Average DJH5, +0.23%  added 8 points to 18,135, while those for the S&P 500 index SPH5, -0.02%  gained 0.90 point to 2,103.70. Futures for the Nasdaq-100 index NDH5, +0.15%  picked up 5.25 points, or 0.1%, to 4,447.75.

The small gains came after all three benchmarks on Friday closed out February with solid gains after a month of more stable oil prices, a temporary solution to Greece’s debt woes and accommodative central-bank policies around the world.

Data: There was no shortage of data set the tone for the new month on Monday but icy weather in the Washington may delay slightly the release of economic reports due out. Slate to be released at 8:30 a.m. Eastern time were the January personal income, consumer spending and core inflation reports. Economists surveyed by MarketWatch expect personal income to have risen by 0.4%, while consumer spending is forecast to have slipped 0.1%. For core inflation, the economists see a 0.1% month-on-month reading.

At 9:45 a.m. Eastern, the February Markit manufacturing purchasing managers index was scheduled to be released , followed by the ISM manufacturing index at 10 a.m. Eastern. Those MarketWatch-polled economists forecast the ISM to have slipped back to 52.8%, from 53.5% in January.

Construction spending, also was due at 10 a.m. Eastern, and is expected to have climbed by 0.3% in January. Read: Economic preview

Earnings: Reporting ahead of the opening bell, Mylan Inc. MYL, +0.00%  is projected to report fourth-quarter earnings of $1.05 a share, according to FactSet estimates.

Also reporting on Monday, Sotheby’s BID, +0.00%  is forecast to post fourth-quarter earnings of $1.28 a share.

Weight-loss company Nutrisystem Inc. NTRI, -0.23%  is expected to post fourth-quarter earnings of 16 cents a share.

Salix Pharmaceuticals Ltd. SLXP, +0.16%  is projected to report a quarterly loss of 24 cents a share.

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Jobs report key for investors in week ahead
Devil is in details of jobs report to push Fed to raise rates

MW-DF107_common_20150209085928_ZH

SAN FRANCISCO (MarketWatch) — Investor attention turns to the latest jobs report this week along with a slew of other economic data.

Stocks were roughly flat last week but finished the month up with hefty gains. For February, the Dow Jones Industrial Average DJIA, -0.45%  and the S&P 500 Index SPX, -0.30%  both finished up about 5.5% and the Nasdaq Composite Index gained 7.1%.

Further improvement in the labor market is needed to ease the Federal Reserve off the dovish stance it once again exhibited this past week, said Lindsey Piegza, chief economist at Sterne Agee, in a recent note.

Economists surveyed by MarketWatch expect the addition of 235,000 jobs for February — a bit of a drop off from recent months — with the unemployment rate declining a fraction to 5.6%.

But, as Piegza notes, even as unemployment has hit its lowest rate since the recession, there are bothersome details giving the Fed pause.

Hurdles that need to be overcome include weak wage growth, a low employment participation rate, rates of part-time workers that still levels before the recession, and the lackluster creation of quality jobs, she said.

Jobs data comes out on Friday. January core inflation and consumer spending data will be released on Monday, along with the Institute for Supply Management’s manufacturing index.

Shares of General Motors Co. GM, -0.67%  and Ford Motor Co. F, -0.24%  will be in focus as February car sales come out on Tuesday.

Then, on Wednesday, the ISM puts out its services index and the Fed will release its Beige Book report.

Scattered across the week, a few companies will be bringing up the rear this when it comes to quarterly reports. http://www.marketwatch.com/story/jobs-report-key-for-investors-in-week-ahead-2015-03-01

3/01 Fed won’t be predictable after lifting rates, Fischer says

Administrator - Sunday, 1 March 2015 04:39

Berkshire Hathaway, Qualcomm, Mylan in focus: http://huntforthenext10bagger.com/stockearnings

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Fed won’t be predictable after lifting rates, Fischer says
NEW YORK (MarketWatch) — The era of the Federal Reserve giving forward guidance to financial markets about its next steps on monetary policy is coming to an end, a top U.S. central banker said Friday.

Fed Vice Chair Stanley Fischer said the Fed would feel too constrained if it “pre-committed” to a steady path for interest rates and so the central bank would not “telegraph every action.”

“I know of no plans of following a deterministic path to raise rates, I don’t believe it will happen,” Fischer said at a conference sponsored by the University of Chicago Booth School of Business. http://www.marketwatch.com/story/fed-wont-be-predictable-after-lifting-rates-fischer-says-2015-02-27

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Jobs report key for investors in week ahead
Devil is in details of jobs report to push Fed to raise rates

MW-DF107_common_20150209085928_ZH

SAN FRANCISCO (MarketWatch) — Investor attention turns to the latest jobs report this week along with a slew of other economic data.

Stocks were roughly flat last week but finished the month up with hefty gains. For February, the Dow Jones Industrial Average DJIA, -0.45%  and the S&P 500 Index SPX, -0.30%  both finished up about 5.5% and the Nasdaq Composite Index gained 7.1%.

Further improvement in the labor market is needed to ease the Federal Reserve off the dovish stance it once again exhibited this past week, said Lindsey Piegza, chief economist at Sterne Agee, in a recent note.

Economists surveyed by MarketWatch expect the addition of 235,000 jobs for February — a bit of a drop off from recent months — with the unemployment rate declining a fraction to 5.6%.

But, as Piegza notes, even as unemployment has hit its lowest rate since the recession, there are bothersome details giving the Fed pause.

Hurdles that need to be overcome include weak wage growth, a low employment participation rate, rates of part-time workers that still levels before the recession, and the lackluster creation of quality jobs, she said.

Jobs data comes out on Friday. January core inflation and consumer spending data will be released on Monday, along with the Institute for Supply Management’s manufacturing index.

Shares of General Motors Co. GM, -0.67%  and Ford Motor Co. F, -0.24%  will be in focus as February car sales come out on Tuesday.

Then, on Wednesday, the ISM puts out its services index and the Fed will release its Beige Book report.

Scattered across the week, a few companies will be bringing up the rear this when it comes to quarterly reports. http://www.marketwatch.com/story/jobs-report-key-for-investors-in-week-ahead-2015-03-01

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Jobless recovery is now the job-led recovery
WASHINGTON (MarketWatch) — The easiest way to explain why the U.S. economy appears poised for its best growth in years can be found in a pair of words that have become more and more common: Help wanted.

Over the past year the U.S. has cranked out an average 259,000 new jobs a month, including almost 1 million positions in the last three months alone. That’s the strongest increase in employment in a decade and a half.

ScreenHunter_442 Mar. 01 17.11

Nor is there any sign hiring is about to crumple. The U.S. added 252,000 jobs in January and economists polled by MarketWatch predict a milder but still-healthy 235,000 gain in February. The unemployment rate is seen dipping to 5.6% from 5.7%, though the official figure excludes millions of people who’ve given up looking for work and those who can only find part-time jobs.

In any case, the spike in hiring has set the stage for faster economic growth even though there’s little evidence yet that workers are receiving sharply higher wages. More Americans working means more people eating out, more car sales, more home buying and so forth — even if people who already had a job don’t increase their spending at all.

Better yet, that will spur businesses to raise their own spending.

“All the gains in the labor market have generated plenty of momentum that will support more consumer spending,” said Sam Bullard, senior economist at Wells Fargo. “There will come a point when businesses will need to expand to keep up with the pace of orders and sales.”  http://www.marketwatch.com/story/jobless-recovery-is-now-the-job-led-recovery-2015-03-01

 

2/26 Stocks end mostly lower as oil pressures energy sector

Administrator - Thursday, 26 February 2015 08:04

Biggest OTC % Gainers/OTC % Losers /Top OTC Volume Movers 2/26 close:
http://huntforthenext10bagger.com/biggest-otc-movers

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After-hours buzz: JC Penney, Herbalife, Gap & more

Weight Watchers – The company’s shares declined some 15 percent after it reported weak guidance.

Crocs – Shares of the shoe maker fell more than 6 percent after it forecasts wider-than-expected decline in first-quarter sales.

Gap – The retailer rose about 2 percent in after-hours trading after it beat earnings estimates by a penny, while revenue was in line. Gap also warned that the West Coast port slowdown and currency issues would negatively impact future earnings.

Herbalife – The stock rallied before turning lower after it easily beat earnings forecasts, but revenue trailed estimates.

J.C. Penney – The retailer reported break-even results, missing estimates for a profit of 11 cents a share, while revenue came in better than expected.

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ScreenHunter_438 Feb. 26 21.05

Stocks end mostly lower as oil pressures energy sector
NEW YORK (MarketWatch) — U.S. stocks closed mostly lower on Thursday as downbeat economic data and the selling pressure from the energy sector weighed on the S&P 500 and Dow industrials. Data showed the inflation trend turned negative for the first time since 2009, largely thanks to cheaper gasoline prices. However, core consumer prices, excluding food and energy costs, inched up. First-time weekly jobless claims jumped more than expected, coming in above 300,000. A big drop in oil prices triggered a sell-off in energy stocks, which left the S&P 500 SPX, -0.15% stuck in negative territory. The benchmark index closed 3.12 points, or 0.2%, lower at 2,110.74. The Dow Jones Industrial Average DJIA, -0.06% closed off 10.15 points at 18,214.42, retreating slightly from the record level reached on Wednesday. The Nasdaq Composite COMP, +0.42% defied the general trend and rose 20.75 points, or 0.4%, to 4,987.89, only 12 points shy of 5,000.

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ScreenHunter_05 Feb. 26 14.08

Gold settles at highest level in more than a week
SAN FRANCISCO (MarketWatch) — Gold futures climbed on Thursday to their highest settlement in more than a week. Prices continued to find support from the return of Chinese buyers to the market following the Lunar New Year celebration as investors looked ahead to the European Central Bank’s quantitative-easing measures. April gold GCJ5, +0.66% climbed $8.60, or 0.7%, to settle at $1,210.10 an ounce on Comex. That was the highest close for a most-active contract since Feb. 18.

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[Most Recent Quotes from www.kitco.com]
Gold puts Janet Yellen in rearview mirror, moves higher
Analyst: Next resistance level is $1,240
LONDON (MarketWatch) — Now that the bulk of the economic data in this busy week has passed, gold on Thursday showed signs of piecing together a decent stretch.

Gold for April delivery GCJ5, +1.27%  rose $17,or 1.4%, to $1,218 an ounce. March silver SIH5, +1.95%  tacked on 39 cents, or 2.4%, to $16.82 an ounce.

On Wednesday, gold futures scored their first gain in four sessions thanks to comments from Federal Reserve Chairwoman Janet Yellen, a weaker U.S. dollar and signs of rising demand from China. http://www.marketwatch.com/story/gold-puts-janet-yellen-in-rearview-mirror-moves-higher-2015-02-26

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U.S. stocks: Wall Street trades sideways ahead of CPI, durable-goods data
MADRID (MarketWatch) — U.S. stock futures pointed to small gains at Wall Street’s open on Thursday, as investors moved past Federal Reserve Chairwoman Janet Yellen’s testimony to watch for consumer-price data that’s key to debate about interest rates.

More retailers will roll out reports Thursday, with Kohl’s Corp. the biggest to report ahead of the bell.

Futures for the Dow Jones Industrial Average DJH5, +0.15%  rose 23 points to 18,216, while those for the S&P 500 index SPH5, +0.14%  added 3.3 points to 2,113.50. Futures for the Nasdaq-100 NDH5, +0.19%  gained 8.5 points to 4,445.25.

The Dow industrials was the only big index to close at a record on Wednesday, though it managed just a 0.1% gain. Markets gained as Yellen gave her second day of testimony before Congress, though those rises largely faded. The Nasdaq Composite COMP, -0.02%  finished down 0.02%, breaking its 10-day winning streak.

Two important pieces of data are coming, both at 8:30 a.m. Eastern Time: The consumer-price index and durable goods, both for January.

Of this data, the CPI will get the most attention, and some forecasters expect a headline negative rate for the first time since 2009. “The Fed are among those who have not predicted inflation very well, and our main issue with a rate rise this summer is that it might be based on faulty forecasts of a recovery in inflation,” said Jim Reid, strategist at Deutsche Bank, in a note to investors.

“Yes, it might happen, but the certainty must be low at the moment. Surely it’s best to wait for a bit more evidence first,” said Reid.

Also coming, at 9 a.m. Eastern Time, is the release of the Federal Housing Finance Agency home-price index for December.

Stocks in focus: Kohl’s KSS, +1.55%  and SeaWorld Entertainment Inc. SEAS, -2.02%   will report ahead of the bell. They will be followed by Herbalife Ltd. HLF, +2.43%  J.C. Penney Co. Inc. JCP, +2.00% Gap Inc. GPS, +0.85%  and Ross Stores Inc. ROST, +0.40%  after the close.

Shares of Salesforce.com Inc. CRM, +12.15%  were up another 11% in thin premarket trading. Late Wednesday, the software maker posted strong growth in deferred sales, which measures its future sales from a subscription-based business model.

Shares of UIL Holdings Corp. UIL, -0.12%  could see action after Spanish utility Iberdrola ES IBE, +0.73%  announced plans to buy the power and gas distributor in a $3 billion cash and shares deal. http://www.marketwatch.com/story/us-stocks-wall-street-trades-sideways-ahead-of-cpi-durable-goods-data-2015-02-26

2/25 Biggest OTC % Gainers/OTC % Losers /Top OTC Volume Movers 2/25 close:

Administrator - Wednesday, 25 February 2015 04:29

Biggest OTC % Gainers/OTC % Losers /Top OTC Volume Movers 2/25 close:
http://huntforthenext10bagger.com/biggest-otc-movers

Nasdaq Scans 2/25:
http://huntforthenext10bagger.com/nasdaq-scans

Active Options 2/25
http://huntforthenext10bagger.com/active-options

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After-hours buzz: Salesforce, Avago, Workday & more

Salesforce.com – The software provider met Wall Street’s fourth-quarter earnings expectations, sending its shares rallying more than 8 percent in after-hours trading. However, the company issued disappointing earnings guidance.

Avago Technologies – The semiconductor producer posted first-quarter profit of $2.09 a share on $1.66 billion in revenue, topping forecasts of $1.94 a share on $1.64 billion in sales. The stock rose some 5 percent in extended trading.

L Brands – The parent company of Victoria’s Secret and Bath and Body Works saw shares fall about 3 percent in after-hours trading after it beat fourth-quarter earnings and sales projections but issued light current-quarter profit guidance.

Workday – Shares rose some 2 percent after the maker of employment-related software reported a fourth-quarter loss of 6 cents a share, in line with estimates, while revenue totaled $226 million, topping forecasts of $223 million. Workday also issued better-than-expected first-quarter revenue guidance.

Sprouts Farmers Market – The specialty retailer’s shares fell about 2 percent after it issued better-than-expected results and appointed Doug Sanders, its president and chief executive officer, to its board.

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ScreenHunter_437 Feb. 25 18.03

S&P end little changed; Dow ekes out record close
NEW YORK (MarketWatch)—U.S. stocks ended Wednesday’s choppy session virtually unchanged. But the Dow Jones Industrial Average eked out a small gain to close at a fresh record.

The blue-chip index DJIA, +0.08%  added 15.38 points, or 0.1%, to 18,224.57, scoring a record for the third time this year.

Federal Reserve Chairwoman Janet Yellen’s second-day testimony before Congress propped up markets up in early trade, but gains faded out by the closing bell.

Yellen answered questions from members of Congress for the second day and continued to stress that normalization of interest rates will begin when the Federal Open Market Committee is confident that inflation is on track to hit the central bank’s inflation target of 2% growth.

A 2.6% drop in Apple Inc’s shares helped contribute to the marginal decline in the S&P 500 and Nasdaq Composite.

The S&P 500 SPX, -0.08%  closed 1.6 points, or 0.1%, lower at 2,113.86, with half of its 10 main sectors ending lower. Consumer discretionary stocks led the gains, utilities sold off the most.

The Nasdaq Composite COMP, -0.02%  ended less than a point off at 4,967.14, breaking its 10-day winning streak.

Hewlett-Packard HPQ, -0.09%  was also weighed on the tech index, with shares falling 10%. The company said first-quarter revenue fell short of Wall Street’s expectations and it also cut its 2015 outlook to adjust for a stronger dollar. http://www.marketwatch.com/story/us-stocks-wall-street-set-to-take-a-breather-ahead-of-more-yellen-2015-02-25

2/24 Dow, S&P 500 hit record levels after Yellen testimony

Administrator - Tuesday, 24 February 2015 09:02

After-hours buzz: Lending Club, DreamWorks & more

HP – The computing giant beat Street forecasts, but revenue trailed as commercial revenue decreased. Shares fell more than 6 percent in extended trading.

Lending Club- The peer-to-peer loan provider reported fourth-quarter profit that was in line with expectations, while revenue beat. However, shares fell as much as 11 percent after the announcement.

Boston Beer – The maker of Samuel Adams topped fourth-quarter profit estimates, but revenue was well below forecasts. Shares fell some 7 percent in extended trading.

DreamWorks – The stock plunged about 10 percent after the media company reported a fourth-quarter net loss of $3.08 a share.

First Solar – Shares edged up after the renewable energy provider beat earnings estimates, while revenue missed.

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ScreenHunter_436 Feb. 24 19.29

Dow, S&P 500 hit record levels after Yellen testimony
NEW YORK (MarketWatch) — U.S. stocks moved higher Tuesday, with the S&P 500 and Dow industrials closing at records, as the market read Federal Reserve Chairwoman Janet Yellen’s testimony before Congress as a reassurance that a rate hike might not occur until the second half of the year.

The S&P 500 SPX, +0.28%  finished up by 5.82 points, or 0.3%, at 2,115.48, while the Dow Jones Industrial Average DJIA, +0.51% gained 92.35 points, or 0.5%, to end at 18,209.19.

The Nasdaq Composite COMP, +0.14%  added 7.15 points, or 0.1%, to end at 4,968.12, leaving it just 1.6% off its March 2000 peak. The tech-heavy index advanced for the 10th session in a row, scoring its longest winning streak since mid-2009, when it rose for 12 straight days.

Quincy Krosby, market strategist at Prudential Financial, said the market reaction to Yellen’s testimony indicated that her comments were perceived as dovish.

“The 10-year yields fell, the dollar gave up gains and stocks rose, even though those moves were not huge. At this point, just as the Fed is data-dependent, markets are data-dependent, too,” Krosby said.

“Today’s Janet Yellen is the same Yellen who in 1994 warned Alan Greenspan to be careful about raising rates too soon and too fast. The Fed needs to see more evidence that the economy is truly on a viable trajectory before beginning to normalize interest rates,” she said.

“They would not want to be in a position where they would have to cut rates shortly after the first hike,” she added

Kevin Mahn, chief investment officer at Hennion & Walsh Asset Management, argued that investors are no longer looking for the Fed’s direction.

“Janet Yellen and the Fed have not changed their view on policy. Last year Yellen said that rate hikes would probably start about six months after the end of the tapering process. Six months from the end of taper in October puts the rate hike schedule for spring and that’s the message from her today,” Mahn said.

“We believe a 25 basis point increase sometime between April and June is very likely and the markets will take it in stride,” Mahn said.

Individual movers & shakers: Shares in First Solar Inc. FSLR, -0.55%  finished 10.2% higher for the biggest daily gain among S&P 500 components. First Solar and SunPower Corp. SPWR, +17.99% said late Monday that they plan an initial public offering for a pooled-asset spinoff.

Home Depot Inc. HD, +3.98%  shares climbed 4% for the best performance among Dow stocks after the retailer’s quarterly results topped expectations.  http://www.marketwatch.com/story/us-stocks-investors-wait-for-fresh-direction-from-yellen-2015-02-24

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Home Depot, First Solar jump; Tenet tumbles
http://www.marketwatch.com/story/comcast-h-p-macys-first-solar-earnings-in-focus-2015-02-24


[Most Recent Quotes from www.kitco.com]
Gold faces three straight down days ahead of Janet Yellen’s testimony
LOS ANGELES (MarketWatch) — Gold prices on Tuesday joined U.S. stock futures in wait-and-see mode ahead of Fed Chair Janet Yellen’s testimony due midmorning.

At last check, gold for April delivery GCJ5, -0.24% was down $1.70 to $1,198.90 an ounce on Comex. If the losses hold, it will market the third straight session of declines. March silver SIH5, +0.13%  managed to add four cents to $16.29 an ounce. http://www.marketwatch.com/story/gold-faces-three-straight-down-days-ahead-of-janet-yellens-testimony-2015-02-24

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Janet Yellen is about to swoop in on this tranquil stock market
After buckling our seat belts in anticipation of a new era of volatility, along came Monday with a trading range reminiscent of last year’s doldrums. The tightest of the year, in fact. And, really, it wasn’t just Monday. The last six sessions have included the five smallest intraday ranges of the 35 market days in 2015, according to Doug Short of Advisor Perspectives.

Also reminiscent of 2014 is the fact that the Nasdaq has sneaked into the green for nine consecutive sessions, outpacing the blue chips and the S&P in the process.

“We think this is because investors take some comfort in the fact that many of the companies in the composite have less exposure to the international markets and are less likely to be hurt by unfavorable foreign-currency translation,” Value Line’s William Ferguson said.

Still, it’s been a mostly tepid rally. Unless you happen to be the biggest company in the world (see chart of the day). Don’t let the slow crawl fool you, though. Janet Yellen’s testimony could change all that and put an end to the recent slumber, one way or another.

Financial bloggers are confident she won’t get in the way of the rally. In fact, they haven’t been this bullish in more than a year, according to Birinyi Associates. Usually the contrarian buzzer sounds when sentiment leans too far in one direction, but lately it doesn’t apply in this case.  http://www.marketwatch.com/story/janet-yellen-is-about-to-swoop-in-on-this-tranquil-stock-market-2015-02-24?dist=beforebell

 

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