| | | | | What This 37 Year Old Trader Did To Turn $10K to $2.4 Million In 18 Months | | Besides the $2.4 Million, he loved the ease and peace of mind his method offered. Here’s a simple way you can put his method to work and potentially earn six and even seven figures in the months ahead.
Click Here To See How! | | |
| | US Market | | The major U.S. index futures are pointing to a notably lower opening on Thursday, with sentiment suggesting weakness following the release of some sore data points. Among the twin reports released earlier in the day, the Labor Department said jobless claims unexpectedly increased, while the Commerce Department report showed that retail sales unexpectedly declined. Meanwhile, Fed Chair Janet Yellen’s testimony has been postponed due to a snowstorm. The soft data has re-ignited risk aversion, which is likely to drive traders away from equities.
U.S. stocks moved about in a lackluster manner on Wednesday amid the absence of any major directional cues, which led some traders to stay on the sidelines. The major averages opened higher, buoyed by Chinese trade data. The S&P 500 Index began moving in a directionless manner after late morning trading and closed 0.49 points or 0.03 percent lower at 1,824. The Dow Industrials surrendered its early gains and languished below the unchanged line for the rest of the session before closing down 30.83 points or 0.19 percent at 15,964. The Nasdaq Composite Index remained mostly above the unchanged line before closing up 10.24 points or 0.24 percent at 4,201.
The drop by the Dow came even though the breadth was in favor of the advancers, with 16 of the 30 Dow components closing higher, while the remaining 14 stocks declined. Boeing, Merck, Procter & Gamble and Travelers Companies were among the worst performers of the session, while Caterpillar and Visa advanced notably.
Among the sectors, gold stocks came under selling pressure, while most of the other major sectors showed only modest moves.
The Dow Industrials managed to hold support at its 21-day MA currently at 15,957 yesterday. The likelihood of the index either rebounding from this level or breaking below it is high, given the release of some key data on jobless claims and retail sales.
If the index moves higher, it could find resistance around 16,005, 16,072, its 50-day MA currently at 16,091 and 16,166. Alternatively, if the index breaks below its 21-day MA, it could strive for support around 15,881, its 100-day MA currently at 15,808, 15,679 and 15,565. |
| | Retired Talk Show Host Reveals Shocking Secret | | "Almost anyone can collect income checks from the government," he says. "And it's all tax-free." Read More |
| | US Economic Reports |  | | CADUSD | Oil | Gold | Allbanc |  |  |  |  | | Please click on the images to view our interactive charts | | | With auto sales showing another notable decrease, the Commerce Department released a report on Thursday showing an unexpected drop in U.S. retail sales in the month of January. The report said retail sales dropped by 0.4 percent in January following a revised 0.1 percent decrease in December.
Economists had expected sales to come in unchanged compared to the 0.2 percent increase originally reported for the previous month. Excluding the steep drop in auto sales, retail sales came in unchanged in January compared to a downwardly revised 0.3 percent increase in December.
First-time claims for U.S. unemployment benefits unexpectedly showed a modest increase in the week ended February 8th, according to a report released by the Labor Department.
The report said initial jobless claims rose to 339,000, an increase of 8,000 from the previous week's unrevised figure of 331,000. The modest increase came as a surprise to economists, who had expected initial jobless claims to edge down to 330,000.
The Commerce Department is also scheduled to release its business inventories report for December at 10 am ET. Economists expect a 0.5 percent month-over-month increase in business inventories for the month.
The November report showed a 0.4 percent month-over-month increase in business inventories. Annually, inventories were up 4 percent. Business sales were up 0.8 percent month-over-month and 4 percent higher than a year ago. The business inventories to sales ratio came in at 1.29 in November, unchanged compared to the year-ago period.
The Treasury is set to announce the results of its auction of 30-year bonds at 1 pm ET. |
| | No platform or data fees with no trade minimums | | Trade free for 60 days + get up to $600 cash. Join TD Ameritrade 
|
| | Stocks in Focus | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | Cisco Systems reported second quarter non-GAAP earnings of 47 cents per share on revenues of $11.2 billion. The results were ahead of estimates. The company also announced a 2 cent per share increase in its quarterly dividend to 19 cents per share.
MetLife reported fourth quarter operating earnings of $1.37 per share on operating revenues of $10.27 billion. The results exceeded estimates.
Whole Foods reported first quarter results that trailed expectations and lowered its earnings guidance for 2014.
NetApp reported third quarter non-GAAP net income of 75 cents per share on net revenues of $1.610 billion. The earnings exceeded expectations, while the revenues were below estimates. For the fourth quarter, the company expects non-GAAP earnings of 77-82 cents per share on revenues of $1.620 billion to $1.720 billion. The earnings guidance was in line, while the revenue guidance was weak.
NVIDIA reported fourth quarter non-GAAP earnings of 32 cents per share on revenues of $1.14 billion. For the first quarter, the company expects revenues of $1.05 billion, plus or minus two percent. The results exceeded estimates and the guidance was in line.
Cheesecake Factory reported fourth quarter earnings of 62 cents per share on revenues of $475.1 million. The earnings exceeded expectations, while the revenues were shy of estimates.
CBS Corp. reported fourth quarter adjusted earnings of 78 cents per share on revenues of $3.91 billion. Separately, the company also announced that it plans to initiate an accelerated share buyback program of $1.5 billion of its Class B common stock during the first quarter of 2014.
DDR reported fourth quarter operating funds from operations of 29 cents per share on revenues of $177.83 million. The funds from operation were in line and the revenues were ahead of estimates. The company also said it continues to expect 2014 operating funds from operations of $1.17-$1.21 per share, while analysts estimate funds from operations of $1.20 per share.
Fidelity Financial reported fourth quarter adjusted core earnings of 37 cents per share on total revenues of $2.07 billion. The results were ahead of estimates.
NetEase reported fourth quarter earnings of $1.57 per ADS on revenues of $427 million.
General Cable reported fourth quarter adjusted earnings of 36 cents per share on net sales of $1.66 billion. The results exceeded estimates. The company’s first quarter revenue guidance was above estimates, while its earnings guidance was weak.
Strum, Ruger & Co. announced that its board expanded its stock buyback program to $25 million from $8 million.
CTS name its CEO Kieran O’Sullivan to the role of Chairman effective after it shareholders meeting scheduled for May 21st, 2014. Apache said it has agreed to sell all of its operations in Argentina to YPF Sociedad Anonima for $800 million, plus the assumption of $52 million of bank debts.
Agilent, ArthoCare, Brocade, Cloud Peak Energy, Cray, Health Management, Ingram Micro, Kraft Foods, Liberty Global and Weight Watchers are among the companies due to release their quarterly results after the close of trading. |
| | No platform or data fees with no trade minimums | | Trade free for 60 days + get up to $600 cash. Join TD Ameritrade
|
| | European Market | | European stocks opened lower and have been trading below the unchanged since then. Traders are exercising restraint following the recent advances and ahead of the release of U.S. data.
In corporate news, Swiss confectioner Nestle reported a small decline in its 2013 profit and also forecast a challenging year ahead. BNP Paribas reported a sharp decline in fourth quarter profit, hurt by charges. Meanwhile, Lloyds Banking reversed to a profit on a pre-tax basis in 2013.
On the economic front, a survey by the Royal Institution of Chartered Surveyors showed that house price balance for the U.K. eased to 53 in January from 56 in December.
The Federal Statistical Office reported that the harmonized index of German consumer prices advanced 1.2 percent year-over-year in January, the same rate as in December. The increase matched the preliminary estimates. |
| | Asian Markets | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | | | Most Asian markets retreated, as traders turned cautious ahead of the U.S. data and reacted to weak employment data released by Australia. The averages in India and Japan were the worst performers of the day.
Japanese stocks retreated sharply amid a buildup in risk aversion, which sent the yen higher and in turn sent yen-sensitive export stocks lower. The Nikkei 225 average opened lower and declined steadily throughout the session before ending down 265.32 points or 1.79 percent at 14,535. A majority of stocks declined, with Tokyo Tatemono, OKUMA and Mitsubishi Materials leading the slide.
After holding above the unchanged line for much of the morning, Australia’s All Ordinaries Index showed nervousness in the afternoon in the aftermath of the jobs report. The index ended down 1.10 points or 0.02 percent to 5,319. Financial and healthcare stocks came under selling pressure, while energy and consumer stocks saw some strength.
Hong Kong’s Hang Seng Index closed at 22,166, down 120.26 points or 0.54 percent, and China’s Shanghai Composite ended 11.55 points or 0.55 percent lower at 2,098.
On the economic front, a report released by the Australian Bureau of Statistics showed that Australia’s unemployment rate rose 0.1 percentage points to 6 percent in January, exceeding forecasts for 5.9 percent. The number of employed people fell 3,700 to 11.46 million.
An index measuring domestic corporate goods prices in Japan was up 0.1 percent month-over-month in January, according to a report releases by the Bank of Japan. This was in line with forecasts. On a yearly basis, the index was up 2.4 percent, matching expectations but down from 2.5 percent in the previous month. |
| | The gun debate reveals game-changing technology | | And provides proof that we could be at the exact tipping point to deliver monster-sized gains.
Read more... |
| | Currency and Commodities Markets | | Crude oil futures are sliding $0.62 to $99.75 a barrel after rising $0.43 to $100.37 a barrel on Wednesday.
The previous session’s advance came amid the release of the petroleum status report, which showed that crude oil stockpiles rose by 3.3 million barrels to 361.4 million barrels in the week ended February 7th. Inventories remained in the upper half of the average range for this time of the year.
Meanwhile, gasoline stockpiles fell by 1.9 million barrels yet were well above the upper limit of the average range. Distillate inventories edged down by 0.7 million barrels and were well below the lower limit of the average range.
Refinery capacity utilization averaged 87 percent over the four weeks ended February 7th compared to 87.7 percent over the four weeks ended January 31st.
Gold futures, which climbed $5.20 to $1,295 an ounce in the previous session, are currently slipping $1.70 to $1,293.30 an ounce.
Among currencies, the U.S. dollar is trading at 101.80 yen compared to the 102.53 yen it fetched at the close of New York trading on Wednesday. Against the euro, the dollar is valued at $1.3673 compared to yesterday’s $1.3593. |
| | | | | | | To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49 | |
No comments:
Post a Comment