Stock Market Weekly Update, December 14
The Week Ahead: A jump in retail sales and stronger than expected consumer sentiment helped stocks recover from lows set earlier in the week. The November Producer Price Index will be released on Tuesday and the Federal Open Market Committee will begin a two day meeting on interest rate policy. The Consumer Price Index and housing starts data begins a busy Tuesday with the FOMC decision arriving in the afternoon. Thursday brings jobless claims and the leading indicators for November.
Stocks to Watch: With oil prices near a two month low, airline stocks were up especially Delta Airlines (DAL) after the easing of air restrictions between the U.S. and Japan. Harsco Corp. (HSC) sees a better than expected 2010 earnings picture than was previously estimated as the stock bounced off its 200 day moving average. A new issue Concord Medical Services (CCM) which operates radiology centers in China fell to $9.50 a share after a 12 million ADS offering @ $11.
Special Note: With the market up strongly from the March low, it is not surprising to see consumers and investors more upbeat about the economy as evidenced by some lagging indicators. Much speculation has been made about the potential for billions of dollars of sideline money to come into the market, but no clear correlation has ever really linked the two in the past. In fact the argument can be made that investors are fully invested with the equity mutual fund cash holdings at 3.7% (InvestorsIntelligence.com) just above its record low of 3.4% in July 2007.
Commentary provided by Barry Ward, Registered Principal, NobleTrading.com, Inc.
Check out NobleTrading's new earnings calendar, upgrades and downgrades, and analyst coverages.
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Stocks to Watch: With oil prices near a two month low, airline stocks were up especially Delta Airlines (DAL) after the easing of air restrictions between the U.S. and Japan. Harsco Corp. (HSC) sees a better than expected 2010 earnings picture than was previously estimated as the stock bounced off its 200 day moving average. A new issue Concord Medical Services (CCM) which operates radiology centers in China fell to $9.50 a share after a 12 million ADS offering @ $11.
Special Note: With the market up strongly from the March low, it is not surprising to see consumers and investors more upbeat about the economy as evidenced by some lagging indicators. Much speculation has been made about the potential for billions of dollars of sideline money to come into the market, but no clear correlation has ever really linked the two in the past. In fact the argument can be made that investors are fully invested with the equity mutual fund cash holdings at 3.7% (InvestorsIntelligence.com) just above its record low of 3.4% in July 2007.
Commentary provided by Barry Ward, Registered Principal, NobleTrading.com, Inc.
Check out NobleTrading's new earnings calendar, upgrades and downgrades, and analyst coverages.
Click Here To Open An Account
NobleTrading Direct Access Trading
NobleTrading.com Offers Online Stock Trading, Online Options Trading
Online Futures Trading, Online Forex Trading
Worldwide Brokerage Service, Day Trading Brokerage
posted by NobleTrading at
9:46 AM
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