A Short Week for U.S. Markets
Posted on July 3, 2014 | Stock Superstars Report
U.S. markets closed at 12:00 p.m. CST on Thursday in observance of Independence Day. Despite the shortened week, investors pushed the Dow Jones industrial average above the 17,000 threshold for the first time. Following the Dow’s lead, the S&P 500 also hit a record-setting level of 1,982 on Thursday.
A Mixed Week for the Markets
Posted on June 27, 2014 | Stock Superstars Report
The government released information showing that new home sales rose more than 18% in May. The Conference Board’s index of consumer confidence increased to 85.2 in May from 82.2 in April, suggesting that consumers remain optimistic. Unfortunately, this optimism wasn’t enough to lift the market. The Dow Jones industrial average ended the day down 0.7%—the biggest one-day percentage decrease for the index in over a month.
The Fed Moves Market to New Highs
Posted on June 20, 2014 | Stock Superstars Report
he much-anticipated Federal Reserve meeting ended Wednesday. One of the main takeaways from the post-meeting announcement is that the central bank expects the unemployment rate to fall to 6% by the end of this year, inching closer to the goal of 5%. Although there is a decline in sight, the unemployment rate still remains elevated.
Oil Markets Spook Investors, Just in Time for Friday the 13th
Posted on June 13, 2014 | Stock Superstars Report
Oil markets were in focus this week due to surging oil futures. Kurdish forces took control of Kirkuk, a provincial capital city and oil production hub in northern Iraq. This move was in response to Sunni militants taking over Mosul (Iraq’s second-largest city) earlier in the week, sending Iraq head-first into a possible civil war. Iraq is the world’s eighth-largest producer of oil and ranks second in the Organization of the Petroleum Exporting Countries (OPEC).
The U.S. Job Market Erases Losses From 2008
Posted on June 6, 2014 | Stock Superstars Report
The Department of Labor reported that the U.S. economy added 217,000 jobs in May. With this job growth, there are now more jobs in the country than ever before. The last time we saw this type of employment was in January of 2008, right before massive layoffs swept the country.
A Record Setting Week, Plus Changes to the SSR Portfolio
Posted on May 30, 2014 | Stock Superstars Report
The June SSR Monthly Report is now available at the SSR website. There are two new portfolio deletions and new two portfolio additions to announce.
An Overall Optimistic Week for U.S. Markets
Posted on May 23, 2014 | Stock Superstars Report
The week began with a slow start for U.S. markets, with much of the focus on retail stocks. There was a lack of economic news to sift through this week. Investors reacted negatively to words from Philadelphia Federal Reserve president Charles Plosser, who insinuated that the Fed’s current pace of curbing its monthly asset purchases might not be aggressive enough.
The Quiet Period
Posted on May 16, 2014 | Stock Superstars Report
The beginning of the week showed investor optimism as the S&P 500 reached 1,900 for the first time ever on Tuesday. Tuesday marked the third consecutive record close for the Dow Jones industrial average and the S&P 500, while the NASDAQ continued to lag its peers. The positive sentiment was slightly hindered by a weaker-than-expected consumer spending report. Despite warmer weather, consumers didn’t spend much more in the past month; U.S. retail sales inched up only 0.1% in April. This may have had something to do with the fact that consumer prices posted the biggest increase since last summer; the Labor Department reported on Thursday that the consumer price index jumped 0.3% last month.
STOCK SUPERSTARS ALERT FOR THE WEEK ENDING May 9, 2014
Posted on May 9, 2014 | Stock Superstars Report
A recent article on MarketWatch commented on earnings season thus far, saying, “If a company’s profit beats expectations, that’s considered good news, even if actual earnings are weak.
STOCK SUPERSTARS ALERT FOR THE WEEK ENDING May 2, 2014
Posted on May 2, 2014 | Stock Superstars Report
This week was a bumpy ride. Stocks started the week rather choppy as investors continued to digest earnings. There was speculation that technology stocks remain overvalued despite recent fluctuations in momentum-related equities. Overall, April was a volatile month, especially for technology stocks. The NASDAQ composite fell around 2% for the month, as investors analyzed valuations of several tech companies. The Dow Jones industrial average and the S&P 500 index ended April up less than 1%.