4/22 S&P 500 marks longest win streak since September
Administrator - Tuesday, 22 April 2014 09:01
AT&T, Yum Brands set for after-hours action
Gilead, Intuitive, Amgen headline big day for biotech, health-care
SAN FRANCISCO (MarketWatch) — AT&T Inc., Amgen Inc. and Yum Brands Inc. are among the stocks likely to see active trading after the market closes on Tuesday, with all three on tap to report first-quarter earnings.
With 21% of companies in the S&P 500 reporting thus far, earnings have been “decent,” with 74% of them beaten on the bottom line, but sales “underwhelming, with only 49% have beaten on the top line,” said Charlie Bilello, Pension Partners’ director of research. “Lack of sales growth this late in the cycle could be a troubling sign and investors should watch this trend closely throughout the remainder of earnings season.” http://www.marketwatch.com/story/att-yum-brands-set-for-after-hours-action-2014-04-22?link=MW_home_latest_news
Sales of existing homes slowest since July 2012
WASHINGTON (MarketWatch) — The sales pace of existing homes ticked down in March to the slowest rate since July 2012, showing weakness in the early spring sales season, though underlying trends signal a firming in market fundamentals, economists said Tuesday.
The National Association of Realtors reported that the annual sales pace of existing homes declined 0.2% last month to a seasonally adjusted annual 4.59 million. But March’s result beat a consensus among economists polled by MarketWatch, who had expected a sales rate of 4.55 million, compared with a pace of 4.6 million in February. http://www.marketwatch.com/story/sales-of-existing-homes-slowest-since-july-2012-2014-04-22
Gold looks set for third-straight day of declines
Platinum slips below $1,400 as traders watch news on South Africa strike
SAN FRANCISCO (MarketWatch) — Gold futures headed for their third day of losses in a row on Tuesday, as traders assessed a batch of mixed U.S. economic data and continued to watch developments in Ukraine.
Platinum prices dipped under $1,400 an ounce, pressured by the possibility of progress toward ending a three-month mine strike in South Africa.
At last check, gold for June delivery (CNS:GCM4) fell $6.20, or 0.5%, to $1,282.30 an ounce on the Comex division of the New York Mercantile Exchange. Prices have already lost more than 1%, or about $15 an ounce, over the past two trading sessions.
May silver (CNS:SIK4) also fell by 3 cents, or 0.1%, to $19.33 an ounce.
Gold is once again below the $1,300 mark, “which is not stimulating the confidence among traders,” said Naeem Aslam, chief market analyst at AvaTrade.
“Having said that, the support of $1,280 is still holding and as long as this support holds, we do have some confidence for the uptrend to continue,” he said. However, “a break of this will call all bets off and the downward trend could pick up steam.” http://www.marketwatch.com/story/lack-of-upside-catalysts-weigh-on-gold-2014-04-22?link=MW_home_latest_news
U.S. stocks rise; Netflix jumps on results
Allergan, Valeant soar on deal news
NEW YORK (MarketWatch) — U.S. stocks rose on Tuesday with the S&P 500 and Nasdaq set for a sixth-straight day of gains.
A flurry of estimate-beating earnings from heavyweights such as Lockheed Martin Corp. (NYSE:LMT) and Comcast Corp. (NASDAQ:CMCSA) , as well as deal news in the health-care sector, boosted sentiment.
The sales pace of existing homes ticked down in March to the slowest rate since July 2012, according to data released Tuesday.
10:14am Slow Morning but one thing that is growing rapidly is ILIV’s social420.com go check it out. Also ILIV is cheap here .005 x .0052
Intelligent Living is a platform company with four subsidiaries, including one called social420.com. It’s the LinkedIn for professionals in the cannabis industry. Dispensary owners who don’t want to advertise jobs on Craigslist or Monster.com can post open pot-related positions on Social420′s job board and professionals who enjoy smoking pot privately can order paraphernalia such as bongs, pipes and vaporizers through vendored websites that connect to “puff pass pay,” the Paypal of pot.
McDonald’s, Gilead, Yum, AT&T are stocks to watch: http://huntforthenext10bagger.com/stockearnings
Early movers: CMCSA, NFLX, GM, PFE, NVS & more http://www.cnbc.com/id/101601316
PIHN .017 Huge Hemp News! Polaris International Holdings Enters Joint Venture for Kentucky Hemp Project
PLANO, Texas, April 22, 2014 /PRNewswire/ — Polaris International Holdings, Inc. (PIHN) has entered into a revolutionary agreement with a 70 acre hemp farm in Kentucky. The agreement provides for Polaris to secure 100% of the harvested material for the extraction of cannabinoids.
Polaris is focused on the development of their ProCannas Product line and intends on utilizing some of the production of Hemp to be used for the production of such said line of products and the availability to enter into other markets as well. http://finance.yahoo.com/news/polaris-international-holdings-enters-joint-120000590.html
Stock futures look for direction from heavyweights
Netflix extends after-hours rally and jumps 7.2%
LONDON (MarketWatch) — U.S. stock futures inched mostly higher on Tuesday, extending a notable winning streak, as investors reacted to upbeat earnings from Comcast and Lockheed Martin. Home-sales data are also on the docket. http://www.marketwatch.com/story/stock-futures-look-for-direction-from-heavyweights-2014-04-22