Now it's Guggenheim's turn this morning "the best idea list" . Where were these guys at $17? This weekends meeting is make or break for oil I believe. Based on gluts that are out there I would guess the market still needs to consolidate.
when the bankruptcy story came out why would SUNE be trying to sell it's India solar stake if they planned to file soon. I thought the courts would do that in bankruptcy. Now I'm not saying they do not file in the future and much of this is short covering I'm sure but at least they are telling the market something instead of the deafening silence so far.
I sold all my shares over the past few weeks. I had a lot for years.....Wage growth stinks in this country and WS wonders why the economy goes nowhere. Good Luck to the workers!
Possibly the two downgrades and the ex date passing has something to do with it. I can't imagine Wall Street investors would punish a corporation because some of their workers are on strike could you? My TV and phone still work I would like to thank the managers dressed as employees for keeping my services on that I pay a ridiculous amount for. AT&T is down today also in a big up market is that because of the Verizon workers on strike? Finally shareholders have made a fortune from their generous dividend and buybacks.
was it Alcoa's weak numbers or JPM's beat of very lowered estimates? Possibly the very high short interest building recently in the markets. Man are we being set up for the ultimate sell in May scenario. I believe oil blows up next week after nothing comes out of the Sunday meeting then when markets fall they will blame the oil run up. How do you like the .50 move in gas over the past month or so? There is a reason retail numbers stink lately. Remember buy MU near $10 sell near $11.
Throw in the ex date past and the two downgrades the other day it has worked for sure. I got lucky I sold the rest of my VZ shares I have had for years half before the ex date $53.53-.96 then a week later after the ex date $52 to $52.39. Sometimes you get lucky I wished it happened more often.
Sometime they do but then they steal it back with more health care costs passed on to the employee. It's the way of the world with many companies these days. It's like when TV talking heads tell you you are saving on gas then the insurers double your health care premium. You have to love the Government's inflation numbers running cover for Wall Street and Yellen. Not a whiff of inflation to be found (yeah right) so keep rates near 0 to prop up stocks and stick it to the seniors and savers. Then the economists scratch their heads trying to figure out why the retail numbers stink.
Good stock because of the yield but they and the wireless are thieves possibly why the stock does so well over time. Even Cramer said his VZ bill is larger than his property tax which of course is a lie but you get the point. Verizon can find a way to increase anybodies bill if they are not paying attention. So far my TV and phone are still working the scabs (management dressed as employees) are getting the job done. Good ol' Bernie could not wait to jump in for a photo op.
Deutsche Bank joins the band wagon put a buy on CLR raised to $40 this morning. These guys cannot wait to pile on. That Sunday meeting means everything to oil and if nothing happens I think oil is back to $35 in two weeks. Last nights inventory numbers were bearish so watch this mornings. The oil move is mostly short squeeze and not much about realistic fundamentals it seems.
Never take anything personally from posters here....remember many are still in mom's basement and talk big. I trade a lot I win and I lose that's the nature of this. If you can win 60% or more of the time you are OK. Futures up pretty good today based on the China export number but I am skeptical by nature and I wonder if it holds after yesterdays move. My fear is the sell in May scenario is coming after a huge run from Feb 11th. S&P is now near 19x and will earnings (revenue especially) hold up? Watch that oil number this morning. Good Luck!
I guess you like to pay more to fill your tank the station near me raised across the board .10 intra-day after near .50 in a month. I have to fill up 3 cars used to be 4 but my daughter got married in September now it's their problem. I don't use Groupon are there any gas discounts?
Oil is still running the show for now the Dow was near flat and the Nazdaq was down pretty good when the story from Russia (unconfirmed) came out that the Saudis had agreed to a freeze....up 165 & 38 when analysts are predicting a weak earnings season. Maybe the market misread Alcoa's numbers and that's why we were up so much.
Nice to make fast money no matter how much and that's a nice amount. Probably a good move selling since oil inventories grew by 6.2 million barrels after the close number tomorrow 10:30 am we get the next number. If oil pulls back and nothing comes out of Sunday's meeting oil may fall pretty good next week. The story today out of Russia about the Saudis agreeing to a freeze in output has no confirmation and oil is up huge going into this weekend so it's priced into the market. There had better be a freeze or oil is back down along with markets fairly quickly my guess $35 within two weeks. Oil is running the show and today was the proof if some still don't believe considering analysts are expecting earnings to be poor over the next few weeks.
Station on the corner near my house raised intra-day by .10 each grade it was already up near .50 in about a month. These guys could not even wait for tomorrow. The markets and Yellen love this I hope they love when the consumer cuts back soon. Check out how the retail stocks are tanking since oil broke out. A negative Q2 & Q3 GDP number will cure high prices.
Let's see her put this genie back in the bottle now that oil is rocketing. Inflation is already above their 2% threshold that they watch for. Man is she building a new market bubble since earnings will not justify this market valuation and oil seems to be the only thing that moves markets.
is that we can safely say goodbye to those cheap gas prices which have already gone up .40-.50 in a month or so. Energy traders are hitting the shorts hard to make money but in reality we still have record levels of oil around the world. You can bet your local gas station will raise your prices at least another dime before the weekend so look for any discounts on Groupon I guess if you can find them. The only thing that will slow down oil right now is if the 2 inventory numbers coming out show builds and nothing comes out of this meeting on Sunday. If oil prices rise further in the coming weeks you can bet GDP goes flat and a recession is not far away. The markets love this move the consumer does not and guess who keeps the economy afloat?