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Showing posts from July, 2015

July 25, 2015 – Weekend Market Comment

July 25, 2015 – Welcome to my weekend market comment, an analysis tool I use in my own portfolio decisions, published free to the web every weekend before the New York opening bell. For full details read my disclaimer (link at the bottom of this page). 


The Blah Blah Blah (courtesy of CNBC)
U.S. stocks closed about 1 percent lower on Friday, despite surprisingly strong Amazon earnings, as signs of slower global growth weighed on sentiment. The major averages closed down more than 2 percent for the week, with the S&P 500 and Nasdaq posting their worst since March. The Dow Jones industrial average had its worst week since January, off nearly 2.9 percent for the week.
The Dow Jones Industrial Average closed down 163.39 points, or 0.92 percent, at 17,568.63, with DuPont leading 28 blue chips lower and Visa, Cisco and Walt Disney the only advancers. Visa was the best performer for the week, up 5.5 percent, while United Technologies was the worst, down 10.3 percent.

The S&P 500 closed d…

July 18, 2015 – Weekend Market Comment

July 18, 2015 – Welcome to my weekend market comment, an analysis tool I use in my own portfolio decisions, published free to the web every weekend before the New York opening bell. For full details read my disclaimer (link at the bottom of this page).


The Blah Blah Blah (courtesy of CNBC)
U.S. stocks closed mixed on Friday, but posted solid gains for the week, as strong earnings boosted the Nasdaq to another record high. "Today Google is certainly in the spotlight because it's having one of it's best days in the history of Wall Street," said Daniel Deming, managing director at KKM Financial. "It's amazing you're seeing this market being able to recoup once (bad news) is taken away. ... I think this has been a classic study in how the psychology of the market really has a big impact." 

The Nasdaq Composite jumped nearly 1 percent to a new closing and intraday high as Google Class A stock briefly surged more than 16.5 percent to above $700 a share. The…