“Find me on Twitter for updates!"
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
‘Supermoon’ coming tonight
The first of summer’s three “supermoons” will light the skies Saturday.
The full moon will look unusually big and bright, since will be in one of this year’s closest approaches to Earth (the distance varies, since our satellite has an elliptical orbit).
Native Americans gave this full moon the nickname “full buck moon”, since it was the time when male deer typically begin to grow their antlers.
As usual, your mileage may vary — the brightness of the moon depends on cloud cover and other factors. The phenomenon is not rare — every year there are four to six “supermoons.”
If something does get in the way of your “supermoon,” there will be others on Aug. 10 and Sept. 9. The August one will be the closest of the year.
CNET offered a few tips on how to take photographs of the moon.
And this site allows you to select your location to check the exact time for the moonrise and the moonset up to the minute. http://www.timeanddate.com/worldclock/moonrise.html
U.S. stocks finish with small gains, trim weekly losses
Amazon.com rallies; Fastenal drops
NEW YORK (MarketWatch)—The U.S. stock market closed higher on Friday after the main benchmarks picked up steam in late afternoon, trimming weekly losses.
The S&P 500 (SNC:SPX) closed up 2.89 points, or 0.2% at 1,967.57 and finished the week 0.9% lower. The Dow Jones Industrial Average DJI:DJIA) gained 28.74 points, or 0.2% to 16,943.81, bur recorded a 0.7% weekly loss.
The Nasdaq Composite (NASDAQ:COMP) added 19.29 points, or 0.4%, higher at 4,415.49 but was 1.6% lower over the week.
Kim Caughey Forrest, senior equity analyst at Fort Pitt Capital, explained the reason behind shallow pullbacks: “There are lots of investors with cash who missed out on spectacular gains in 2013, so every time they see a dip, they are buying it. I suspect that often it is a retail investor, because institutional investors are more disciplined.” http://www.marketwatch.com/story/us-stocks-futures-rebound-ahead-of-wells-fargo-results-2014-07-11
U.S. stocks: Genworth, Fastenal losses weigh on S&P
Wells Fargo revenue falls, profit rises in line with expectations
NEW YORK (MarketWatch) — The U.S. stock market gave a lukewarm greeting to the first earnings report from the country’s banks, and the early losses kept main benchmarks on track to finish the week with modest losses.
The energy and financial sectors led decliners on the S&P 500, while telecoms led the gainers.
“There are lots of investors with cash who missed out on spectacular gains in 2013, so every time they see a dip, they are buying it. I suspect that often it is a retail investor, because institutional investors are more disciplined,” Forrest said. http://www.marketwatch.com/story/us-stocks-futures-rebound-ahead-of-wells-fargo-results-2014-07-11
Early movers: LO, RAI, PG, AMZN, FAST, GPS & more
http://www.cnbc.com/id/101829101
10 Brands That Will Disappear in 2015
Each year, 24/7 Wall St. identifies 10 American brands that we predict will disappear before the end of the next year. This year’s list reflects the fact that mergers and acquisitions are at unprecedented levels. While some of the companies on this list may disappear because they continue to be at the bottom of their industry due to weak products and management, many may disappear because they are doing so well.
Read more: 10 Brands That Will Disappear in 2015 - AT&T (NYSE:T) - 24/7 Wall St. http://247wallst.com/special-report/2014/07/08/10-brands-that-will-disappear-in-2015/#ixzz37A4aLKLp
Follow us: @247wallst on Twitter | 247wallst on Facebook
U.S. stocks: Futures rebound ahead of Wells Fargo results
Gap same-store sales disappoint
LONDON (MarketWatch) — U.S. stocks look set to advance Friday and win back a portion of losses logged in the previous session, with banking heavyweight Wells Fargo & Co. expected to extend a run of rising profit.
Meanwhile, investors will monitor appearances by three Federal Reserve speakers for any comments they may make about the future of interest rates.
Futures for the Dow Jones Industrial Average (CBE:DJU4) rose 39 points, or 0.2%, to 16,881, while those for the S&P 500 index (GLC:SPU4) gained 4.50 points, or 0.2%, to 1,962.40. The Nasdaq 100 index (GLC:NDU4) tacked on 13 points, or 0.3%, to 3,887.00. http://www.marketwatch.com/story/us-stocks-futures-rebound-ahead-of-wells-fargo-results-2014-07-11?dist=beforebell
Penny stock soars to $6B, and even the auditor is perplexed
A social networking company with no revenue and no assets saw its stock soaring Thursday—to a market cap of well over $6 billion at one point. The firm's meteoric rise is so unlikely, that even its last auditor says it defies logic.
CYNK Technology, which is based in Belize according to an SEC filing and only has one recorded employee, runs a social networking site called IntroBiz. That site says it allows users to "both buy and sell the ability to socially connect to individuals such as celebrities, business owners, and talented IT professionals," but it is not clear how many registered users it has.
CYNK's stock was valued at less than a dime in June, and rocketed to over $20 at one point Thursday morning. http://www.cnbc.com/id/101825780
Penny stock soars to $6B, and even the auditor is perplexed
A social networking company with no revenue and no assets saw its stock soaring Thursday—to a market cap of well over $6 billion at one point. The firm's meteoric rise is so unlikely, that even its last auditor says it defies logic.
CYNK Technology, which is based in Belize according to an SEC filing and only has one recorded employee, runs a social networking site called IntroBiz. That site says it allows users to "both buy and sell the ability to socially connect to individuals such as celebrities, business owners, and talented IT professionals," but it is not clear how many registered users it has.
CYNK's stock was valued at less than a dime in June, and rocketed to over $20 at one point Thursday morning. http://www.cnbc.com/id/101825780
Top OTC % Gainers 7/10 close:
http://huntforthenext10bagger.com/biggest-otc-movers
Top OTC % Gainers 7/10 close:
http://huntforthenext10bagger.com/biggest-otc-movers
Top OTC % Gainers 7/10 close:
http://huntforthenext10bagger.com/biggest-otc-movers
Top OTC Volume Movers 7/10 close:
http://huntforthenext10bagger.com/biggest-otc-movers
Biggest OTC % Losers 7/10 close:
http://huntforthenext10bagger.com/biggest-otc-movers
After-hours buzz: Chevron, PriceSmart, Gap & more
http://www.cnbc.com/id/101827127
Apple, LinkedIn lead tech retreat
SAN FRANCISCO (MarketWatch) — Technology stocks were mostly lower Thursday as the group joined a broad market retreat on new worries about the European economy.
Apple (NASDAQ:AAPL) and LinkedIn (NYSE:LNKD) highlighted the tech retreat. Apple gave up 0.4% to close at $95.03, while LinkedIn fell 2% to close at $156.31.
The Nasdaq Composite Index (NASDAQ:COMP) shed 0.5% to close at 4,396, while the Dow Jones Industrial Average (DJI:DJIA) fell 71 points as Wall Street reacted to news that a major bank in Portugal has decided to delay a debt repayment.
Also in the red were shares of Google Inc. (NASDAQ:GOOG) , Facebook Inc. (NASDAQ:FB) and Twitter Inc. (NYSE:TWTR) , each down a fraction.
Shares of eBay Inc. (NASDAQ:EBAY) retreated 1.2% to close at $50.34, while Micron Technology (NASDAQ:MU) slipped 0.4% to close at $32.77.
On the upside, shares of Microsoft Corp. (NASDAQ:MSFT) edged higher by a fraction to close at $41.69 and Intel Corp. (NASDAQ:INTC) climbed 1.2% to close at $31.26. Shares of Zynga Inc. (NASDAQ:ZNGA) climbed 3.7% to close at $3.12.
U.S. stocks end lower; Europe worries resurface
Jobless claims fall to seven-year low
NEW YORK (MarketWatch) — The U.S. stock market fell, but ended well off the day’s lows, as a decision by one of Portugal’s biggest banks to delay a debt payment reminded investors of the fragility of Europe’s banking system.
Investor worries centered on Espirito Santo Financila Group SA, although those worries seemed to abate over the course of the trading session. Also read: 5 things to know about Banco Espirito Santo and Europe.
Meanwhile, U.S. economic data continued to show an improving economy. The number of people who applied for unemployment benefits in the first week of July fell to a seven-year low.
The S&P 500 (SNC:SPX) closed down 8.12 points, or 0.4%, to 1,964.71. The Dow Jones Industrial Average (DJI:DJIA) dropped as much as 180 points at session lows, but ended the day down 70.35 points, or 0.4%, at 16,915.20. The Nasdaq Composite (NASDAQ:COMP) lost 22.83 points, or 0.5%, to 4,396.20. http://www.marketwatch.com/story/us-stocks-futures-plunge-as-fed-minutes-sink-in-2014-07-10
Gold futures settle at a nearly four-month high
Decline in U.S. stocks lures investors to gold; silver futures, miner gain
SAN FRANCISCO (MarketWatch) — Gold futures jumped sharply on Thursday to their highest settlement in nearly four months amid a pullback in U.S. stocks.
Gold for August delivery (CNS:GCQ4) climbed $14.90, or 1.1%, to settle at $1,339.20 an ounce on the Comex division of the New York Mercantile Exchange. The most-active contract hasn’t settled this high since March 19. http://www.marketwatch.com/story/gold-soars-as-stocks-fret-over-fed-minutes-2014-07-10
joining u on DOMK
U.S. stocks fall; Dow sees triple-digit loss
Jobless claims fall to seven-year low
NEW YORK (MarketWatch) — The U.S. stock market moved lower as a decision by one of Portugal’s biggest banks to delay a debt payment reminded investors of the fragility of Europe’s banking system.
Investor worries centered on Espirito Santo Financila Group SA . Better-than-expected U.S. jobless claims did little to counter that. The number of people who applied for unemployment benefits in the first week of July fell to a seven-year low.
The S&P 500 (SNC:SPX) fell 13 points, or 0.7%, to 1,959.18. The Dow Jones Industrial Average (DJI:DJIA) dropped 114 points, or 0.7% to 16,871.17. The Nasdaq Composite (NASDAQ:COMP) shed 39 points, or 0.9%, to 4,380.01. http://www.marketwatch.com/story/us-stocks-futures-plunge-as-fed-minutes-sink-in-2014-07-10
$BBDA .001 huge news! BeBevCo Announces Prominent Partnership With Circle K Stores
Gold soars as stocks fret over Fed minutes
Military action in Israel seen as a potential ‘powder keg’
MADRID (MarketWatch) — Gold prices jumped sharply on Thursday for a second straight day of gains, while stock futures tumbled as the reality of the Federal Reserve’s end to its bond-buying program began to gel with investors. http://www.marketwatch.com/story/gold-soars-as-stocks-fret-over-fed-minutes-2014-07-10
U.S. stocks: Futures plunge on Fed, Portugal bank woes
Gold rallies as stocks in Europe also retreat; trouble in Portugal
MADRID (MarketWatch) — Wall Street was bracing for sharp losses at Thursday’s open as stock futures fell sharply a day after the Federal Reserve revealed key elements of its exit plan for bond-buying and as the parent of a Portuguese bank delayed payments on some short-term debt.
Weekly jobless claims and a speech from a key Federal Reserve member are ahead, while Costco Wholesale Corp. could see action after same-store sales, and as another retailer was poised for more losses.
Losses ramped up for futures through Europe’s morning. Futures for the Dow Jones Industrial Average (CBE:DJU4) sank 144 points, or 0.9%, to 16,769, while those for the S&P 500 index (GLC:SPU4) tumbled 17 points, or 0.9%, to 1,950.20. Futures for the Nasdaq-100 index (GLC:NDU4) dropped 31.50 points, or 0.8%, to 3,854.
Weekly jobless claims are due at 8:30 a.m. Eastern Time, and economists expects claims will rise to 320,000 in the seven days ended July 5, from 315,000 in the prior week. At 10 a.m. Eastern Time, the government will issue wholesale inventories for May. Inventories increased 1.1% in April. http://www.marketwatch.com/story/us-stocks-futures-plunge-as-fed-minutes-sink-in-2014-07-10?dist=beforebell
After-hours buzz: Potbelly, Zumiez, Zynga & more
http://www.cnbc.com/id/101823765
Active Options 7/09:
http://huntforthenext10bagger.com/active-options
Nasdaq Scans 7/09:
http://huntforthenext10bagger.com/nasdaq-scans
Top OTC % Gainers 7/09 close:
http://huntforthenext10bagger.com/biggest-otc-movers
Top OTC Volume Movers 7/09 close:
http://huntforthenext10bagger.com/biggest-otc-movers
Biggest OTC % Losers7/09 close:
http://huntforthenext10bagger.com/biggest-otc-movers
U.S. stocks close higher following Fed minutes
FOMC minutes reveal taper will end in October
NEW YORK (MarketWatch) — The U.S. stocks closed modestly higher on Wednesday after the FOMC minutes revealed that policy-makers decided to end the Fed’s bond purchases by October if the economy stays on track.
The Fed plans to end purchases altogether with a final reduction of $15 billion at its October meeting, after trimming it by $10 billion at each meeting up to that point, while keeping the rates near zero for a considerable time. Investors took that as a bullish sign and pushed prices higher.
The S&P 500 (SNC:SPX) gained 9 points, or 0.5%, to the preliminary 1,972.79. The Dow Jones Industrial Average (DJI:DJIA) closed 79 points, or 0.5%, higher at the preliminary 16,985.68. The Nasdaq Composite (NASDAQ:COMP) rose 27 points, or 0.6%, to 4,419.03.
“In the short-term, we are concerned that there is a bit of optimism about the second-quarter earnings. Expectations for overall markets are high and this may lead to some short-term downside if companies come short,” said Joe Bell, senior equity analyst at Schaeffer’s Investment Research.
“We believe this quarter financials are likely to surprise on the upside, just because there is too much skepticism about the sector, the only one to deliver negative growth,” Bell added. http://www.marketwatch.com/story/us-stocks-futures-hold-steady-ahead-of-fomc-2014-07-09
U.S. productivity growth last year was worst since recession, new data show
New data released Wednesday showed U.S. productivity growth was the worst since the recession. And that’s not entirely bad news.
The data came from the Labor Department, in the form of the multifactor productivity series. Unlike the quarterly productivity data that comes out, this report attempts to include the impact of capital — new machines, for instance.
On this measure, productivity grew just 0.3% in 2013. That’s the worst showing since the 0.3% decline in 2009.
The main reason it was so weak was that companies were adding workers — but those workers didn’t immediately translate into additional output. That’s to be expected after companies relied on shrunken workforces after the recession. The 1.5% growth in labor hours compares to the average annual fall of 0.6% between 2007 and 2013.
There’s also evidence of corporate underinvestment in capital. Though “capital services” input grew 1.9% — the best showing since 2008 — it’s still far from the pre-recession levels that were consistently above 3%. http://blogs.marketwatch.com/capitolreport/2014/07/09/u-s-productivity-growth-last-year-was-worst-since-recession-new-data-show/
Jobless claims likely to stay low, reflect improved labor market
The U.S. economy is adding jobs at the fastest pace in years and layoffs remain extremely low. So don’t expect the latest weekly report on jobless claims to show any deviation in those trends.
Economists polled by MarketWatch project initial claims will rise to 320,000 in the seven days ended July 5 from 315,000 in the prior week. The number of people filing new applications for unemployment benefits each week has ranged between 298,000 and 327,000 since early May, keeping claims at or near a postrecession low.
If there is a surprise, keeping in mind that the claims figures for July can be tricky to evaluate since it’s one of the most volatile months of the year. The July 4 holiday can skew the report while some major manufacturers such as car makers often retool plants in midsummer. The retooling sometimes leads to a temporary bump in applications for benefits, though auto makers may be less inclined to shut down this year amid surging demand for new vehicles.
The claims report comes out at 8:30 a.m. Eastern.
At 10 a.m., the government will issue wholesale inventories for May. Inventories increased 1.1% in April. http://blogs.marketwatch.com/capitolreport/2014/07/09/jobless-claims-likely-to-stay-low-reflect-improved-labor-market/
Gold ends higher, holds gains in electronic trade
SAN FRANCISCO (MarketWatch) -- Gold futures on Wednesday settled higher for the first time in four sessions, then held those gains in electronic trading following the release of the Federal Reserve's minutes from its June meeting. August gold (CNS:GCQ4) tacked on $7.80, or 0.6%, to settle at $1,324.30 an ounce on Comex. Minutes from the Fed’s meeting, which were released after regular trading on Comex ended, showed that central bank officials decided to end their asset purchase program in October if the economy stays on track. In electronic trading after the news, gold prices were last at $1,324.90.
Dow set for another run at 17,000 as Fed minutes come into play http://blogs.marketwatch.com/need-to-know/2014/07/09/dow-set-for-another-run-at-17000-as-fed-minutes-come-into-play/?mod=MW_home_latest_news
U.S. stocks: Futures hold steady ahead of FOMC
Alcoa may gain after results, Gigamon, Container Store may see pressure
MADRID (MarketWatch) — Wall Street was setting up for a struggle at the open on Wednesday, with stock futures flat to lower ahead of minutes from the most recent Federal Open Market Committee meeting, which could shed light on how and when the central bank will hike rates. http://www.marketwatch.com/story/us-stocks-futures-hold-steady-ahead-of-fomc-2014-07-09
Gold gains with FOMC minutes ahead
LOS ANGELES (MarketWatch) — Gold on Wednesday rebounded from a trio of downbeat sessions, as investors dipped into the safe haven ahead of the closely watched U.S. Federal Reserve minutes.
At last check, gold for August delivery (CNS:GCQ4) was up $7.60, or 0.6%, to $1,324.10 an ounce. September silver (CNS:SIU4) gained 15 cents, or 0.7%, to $21.16 an ounce.
The bruising that befell stocks, particularly of the tech variety, a day earlier didn’t do much to boost gold prices, which fell for a third-straight session on Tuesday and touched lows not seen in more than two weeks.
Volatility should pick up this afternoon, depending on what we get from the Federal Open Markets Committee.
“The focal point for U.S. traders this week is the FOMC meeting minutes from the Federal Reserve,” said Kitco’s Jim Wyckoff. “That data could give the markets a bit of a rattle, as markets have been very sensitive to Fed data releases in recent years.” http://www.marketwatch.com/story/gold-gains-with-fomc-minutes-ahead-2014-07-09?dist=beforebell
Top OTC % Gainers 7/08 close:
http://huntforthenext10bagger.com/biggest-otc-movers
Top OTC % Gainers 7/08 close:
http://huntforthenext10bagger.com/biggest-otc-movers
Top OTC % Gainers 7/08 close:
http://huntforthenext10bagger.com/biggest-otc-movers
Top OTC Volume Movers 7/08 close:
http://huntforthenext10bagger.com/biggest-otc-movers
Biggest OTC % Losers 7/08 close:
http://huntforthenext10bagger.com/biggest-otc-movers