Tag Archive for MCD

Stock Market Today Reacts to China and Gold – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Disappointing news that China’s economic growth slowed in the first quarter sent the stock market today (Monday) reeling. Just before noon, the Dow Jones Industrial Average dropped 0.61% to 14,773.75. The Standard and Poor’s 500 Index slumped 0.75%…

2013 Earnings Season: Forget Alcoa; Track These Real Bellwethers – Money Morning

At the start of every earnings season, investors typically turn to Alcoa Inc. (NYSE: AA) – the first company in the Dow Jones to report earnings each quarter – as a market bellwether.

But Alcoa is no longer a reliable market indicator.

“With this upcoming earnings season, we wouldn’t put nearly the same confidence [in Alcoa] that we would just five or six years ago,” Ryan Detrick, a Cincinnati-based analyst at Shaeffer’s Investment Research, told Bloomberg News. “The company’s results now predict the direction of the market about as well as a coin flip.”

In fact, Money Morning Global Investing Strategist Martin Hutchinson said Alcoa, the largest producer of aluminum in the U.S., should never have been used as an economic indicator.

“I don’t think Alcoa was ever a very good bellwether; it just reports first,” Hutchinson said. “The aluminum cycle tells you something about manufacturing conditions, but manufacturing is a small part of the economy these days.”

So if not Alcoa, then what stocks should investors pay attention to this earnings season?

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As Volatility Hits New Lows It Could Be Time to Sell – Keith Fitz-Gerald, Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. The average daily price volatility of stocks has fallen more than 60% since the beginning of 2013. It’s the biggest straight-line drop in some 82 years. CBOE VOLATILITY INDEX (S&P 500) N/A: VIX Feb 21 no chart Price:…

Five State of the Union Bullet Points You Need to Know – Keith Fitz-Gerald – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Since President Obama’s State of the Union Address Tuesday night, there have been a lot of articles dissecting his remarks and picking his proposals apart. As you might suspect, the vast majority have been politically charged by one…