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2 Articles
Source: Common Domain

U.S. Stocks Keep Pushing Higher

Saturday 17:14 GMT

U.S. stocks climbed Friday, on track for their fourth consecutive week of gains, as signs of a still-growing U.S. economy, a flexible Federal Reserve and progress on trade negotiations eased investor worries.

The New Year rally kicked off Jan. 4 when U.S. stocks bounced back from their worst two-day start to the year since 2000. Fed Chairman Jerome Powell said in Atlanta at the time that economic data showed good momentum heading into 2019, but the central bank was “prepared to adjust policy quickly and flexibly” if necessary.

1 Article
Source: Common Domain

Treasury yields extend weeklong climb as stocks surge on U.S.-China trade optimism

Saturday 19:04 GMT

Prices for U.S. government bonds softened Friday, pushing up yields, as a rally in global stocks held back appetite for haven assets like U.S. government paper.

The 10-year Treasury note yield TMUBMUSD10Y, +0.93% rose 4.1 basis points to 2.788%, extending a weeklong rise from last Friday’s closing level of 2.699%. The 2-year note yield TMUBMUSD02Y, +1.47% picked up 4.6 basis points to 2.612%, while the 30-year bond yield TMUBMUSD30Y, +0.47% advanced 2.2 basis points to 3.098%, its highest levels since Dec. 17.

1 Article
Source: Common Domain

U.S. stock market has switched to bullish from bearish too quickly

Saturday 18:09 GMT

Since there was no bullish divergence at the December low, stocks could retest that low (like in 2016), to carve out a bullish divergence before moving higher.

The chart below (originally published in the Dec. 19 Profit Radar Report) plots the S&P 500 against the average bear market trajectory. This target is based on the trajectory of the past 10 bear markets (as defined by Ned Davis Research).

2 Articles
Source: Common Domain

Netflix stock falls but analysts get even more bullish

Saturday 18:09 GMT

Netflix Inc.’s earnings report couldn’t fully satisfy investors, but it was good enough to prompt a bevy of bullish analyst calls, with even the most bearish on Wall Street boosting his price target.

“We believe that Netflix has achieved a level of sustainable scale, growth and profitability that isn’t currently reflected in its stock price.” Raymond James’s Justin Patterson reiterated the “strong buy” rating he’s had on the shares for at least the past three years, and lifted his target to $470 from $450, saying Netflix’s global distribution advantage is becoming increasingly clear.

1 Article
Source: Common Domain

Here are the 8 times Fed news sparked big stock-market moves since late November

Saturday 17:14 GMT

As the chart shows, Fed-related news caused significant moves in the S&P 500 index SPX, +1.43%  eight times between late November and early January, most of them to the downside.

However, that isn’t unusual for new Fed leadership, they said, while noting that in addition to Powell, Vice Chairman Richard Clarida and New York Fed President John Williams, seen as effectively the third most powerful official, are new to their positions as well.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte