Further developments out of Ukraine could weigh heavily on the markets today. That said, it’s a busy day for earnings, so let’s get to the five stories you need to know to make your day profitable.
Tag Archive for IBM
Money Morning
Market Surged Wednesday on Yellen’s Confidence
by Garrett Baldwin • • 0 Comments
The Dow Jones today ended up 1.00% to 16,424.65 on U.S. Federal Reserve Chair Janet Yellen’s comments that the U.S. economy was on the rise.
Money Morning, Must Read
Why Virtual Currency Is Here to Stay – Bitcoin or No Bitcoin – Money Morning
by David Zeiler • • 0 Comments
You’d better start getting used to the idea of virtual currency.
While the much talked about Bitcoin is the most prominent and widely used virtual currency, it is not the only one.
Money Morning, Must Read
Stock Market Today: What Stopped Nasdaq Trading for Hours – Money Morning
by Diane Alter • • 0 Comments
For what’s usually a boring August, the stock market today – and, this week – has kept traders busy…
Chriss Street, Contributors- Economic and Financial, Must Read
IRS Official Takes the Fifth Over IBM Contract – Chriss Street
by Chriss W. Street • • 0 Comments
The Internal Revenue Service (IRS) scandal heated up today when Greg Roseman, Washington D.C. Metro Area Contracting Officer and Deputy Director of the IRS, invoked his constitutional Fifth Amendment right against self-incrimination to avoid answering questions in front of the House Committee on Oversight and Government Reform to determine if he fraudulently steered $500 million […]
Money Morning, Must Read
Four of the Best Tech Dividend Stocks to Invest In Right Now – Money Morning
by Gary Gately • • 0 Comments
Money Morning, Must Read
Stock Market Today Reacts to China and Gold – Money Morning
by Diane Alter •
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%…
Money Morning, Must Read
2013 Earnings Season: Forget Alcoa; Track These Real Bellwethers – Money Morning
by Ben Gersten •
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?
Money Morning, Must Read
Top 10 CEO Severance Packages – Money Morning
by Deborah Baratz •
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. When most corporate employees leave their jobs, it means the end of the paycheck. But many executives at the top of the corporate ranks leave with a golden parachute, enabling them to live comfortably regardless of their reasons…
Money Morning, Must Read
Five Reasons the Dow’s New Highs Are “Bull-o-ney” and What to Do About It – Keith Fitz-Gerald
by Keith Fitz-Gerald •
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. While many investors want to celebrate the Dow hitting seven straight new all-time highs, things are not exactly as they appear. Today I want to talk about why the hoopla surrounding the Dow is misplaced and what that…
