Morning Coffee Break – Friday March 22 As we get ready to start the final session of the week traders will be without a doubt will be focused on the developments in Cyprus. Or should I say lack of development as Cyprus leaders’ hopes for a Russia bailout loan has fallen part and are going into the weekend with no deal and the European Central Bank deadline set for Monday
There was very little good news for Cliffs Natural (CLF, quote) when it released its fourth-quarter results after the closing bell on Tuesday.
Breaking News – Citi Bank
Welcome to Tuesday’s Morning Coffee Break – U.S. futures are hanging in this morning as the market participants prepare for a slew of earnings results from the likes of Coca Cola (KO, quote), Mattel (MAT, quote) and Intel (INTC, quote) as well as a busy economic calendar today.
Welcome to Monday’s Morning Coffee Break – U.S. markets this week start off behind the eight ball as markets come off their largest weekly losses in 4 months. Market participants find themselves about to embark into the fast lane of earnings season with the S&P 500 at a low point not seen since last month on the September 4. The tech heavy NASDAQ is worse off sitting on a low
After hitting its 52week high back on May 1st of this year Master Card (MA, quote) traded in a range from around $400 to $440 until it began to march higher back towards the 52 week high starting on September 6th. Since then the last 7 sessions Mater Card has traded sideways and has now pulled back to the near term trendline and has held the trendline support for the
As we approach the 4th and final quarter of 2012 coupled with the Bernanke floor thanks to the unlimited buying of mortgage backed securities banks like JP Morgan (JPM, quote), Wells Fargo (WFC, quote) and Bank of America (BAC, quote) should do well especially with large funds chasing for performance going into year end.
Below are Wednesday’s trending equities ahead of the opening bell.
U.S. stock indexes were slammed yesterday with the largest one day lost for the month of June.
The U.S. equity averages are on upswing once again. The tech sector continues to weigh heavily on the sector.
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