Tag Archives: After
Minyanville’s T3 Daily Recap: Stocks Fade After Early ISM-Fueled Rally
MINYANVILLE ORIGINAL The market made a green start to May but closed the day very weak after early strength. The 10 a.m. ISM Manufacturing survey that kicks off the data calendar each month exceeded expectations triggering a sharp rise in stocks until noon eastern time when all momentum seemed to disappear from sight. Indices hardly got a positive tick the rest of the day and gave back the majority of those morning gains. The S&P was strongest finishing 0.57% higher while the Nasdaq gained only 0.13%. US economic data had been weakening a bit in recent months so it is
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Market Bleeds Lower After ISM Spike
The market made a green start to May, but closed the day very weak after early strength. The 10am ISM survey reading that kicks off the data calendar each month exceeded expectations, triggering a sharp rise in stocks (http://en.wikipedia.org/wiki/Stocks) until Noon ET, when all momentum seemed to disappear from sight. Indices hardly got a positive tick the rest of the day and gave back the majority of those morning gains. The S P was strongest, finishing 0.57% higher while the Nasdaq (http://www.nasdaq.com/) gained only 0.13%. US economic data (http://en.wikipedia.org/wiki/Economic_data) had been weakening a bit in recent months, so it is positive to see a healthy reading from supply managers, but the market’s reaction to it over the course of the…
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Apple (AAPL) Back Over 600 After Impressive Earnings
The Dow and S P recovered from yesterday’s loss Tuesday, but the Nasdaq continued lower as Apple (AAPL) sank ahead of its Q1 earnings results. Earnings from AT T this morning revealed slightly lackluster iPhone sales compared to last quarter, sparking some anxiety over whether AAPL can continue its torrid earnings growth pace. 5:00 Update: Apple (AAPL) is up more than $ 60 (~10%) after the close following another strong earnings report. Better than expected new homes sales figures also helped boost the market in the morning, but action was muted as investors waited for AAPL results and tomorrow Fed rate decision. Gold also recovered overnight, but was couldn’t gain any momentum during the session. Baidu (BIDU) also reported earnings after…
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Stocks Hold Gains After Mixed Economic Data
My Odds-on Favorite to Run Berkshire Hathaway After Warren Buffett Retires
Warren Buffett is back in the news, and not on the opinion pages about the so-called "Buffett Rule" that would subject high-income earners to additional taxation.
Buffett is on Page One because he has colon cancer. It's Stage One, easily treatable and not life-threatening, The revered Oracle of Omaha says he not only feels great but will keep working his normal schedule, though his travel will be restricted later this summer as he undergoes radiation.
So, predictably, it's game-on for Buffett watchers, who are all over the airwaves speculating as to the palace intrigue and about how Ajit Jain clearly will be the next CEO. But Jain is too valuable as Lord Chancellor of Berkshire Hathaway's (NYSE: BRK-A) (BRK-B) reinsurance business. He's no crown prince. A coronation would be a lovely accolade, surely, but Jain is far too effective, and far too happy, to be moved from his current role. Keeping talent in place is a longstanding Berkshire tradition.
What's more, Berkshire's CEO candidate doesn't know that he or she has been chosen by the board as the leading contender, and there is nothing that happens at Berkshire that Jain isn't told about. Buffett talks to him every day. That also excludes Buffett's new stock pickers, Ted Weschler and Todd Combs, who took over running a portion of Berkshire's portfolio after longtime investment manager Lou Simpson retired from Geico in late 2010.
Every candidate being bandied about on financial TV is an operations guy. That's wrong. The chairman of Berkshire needs to be all about deal-making. After all, each Berkshire unit, from See's Candy to MidAmerican Energy, runs itself.
Google Earth Helps Reunite Indian Mother and Son After 25 Years
Since its inception Google Earth (GOOG) has spawned a myriad of amazing uses including a project that maps the continued devastation going on in Darfur and another that produces climate prediction models to raise awareness of climate change. But in terms of personal use the account of how Google Earth came in handy for Saroo Brierley might be hard to beat. In 1986 a five-year-old Saroo was working alongside his older brother as a sweeper on trains in India. One night Saroo got separated from his brother and found himself alone in Calcutta 14 hours away from his …
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Minyanville’s T3 Daily Recap: Stocks End Losing Streak, but Can’t Follow Through After Gap Up
Stocks rebounded overnight after a five-day losing streak but couldn't follow through trending mostly lower Wednesday. The S&P still finished 0.75% higher despite the quiet and lackluster session. Earnings season began last night with Alcoa (AA) and the aluminum giant beat Wall Street to kick-start the oversold bounce. Spanish and Italian bond yields also fell to relieve some of the resurgent anxiety about the European sovereign debt crisis. Still of concern to the bulls is the fact that leading stocks have weakened considerably. The likes of Apple (AAPL) and Priceline (PCLN) were irrepressible in the first quarter providing great leadership
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Stocks on the Rebound After Five-Day Slide
The Dow sprints higher, buoyed by Alcoa’s surprise profit and a stabilization in eurozone borrowing costs.
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Cramer’s ‘Mad Money’ Recap: Still Bullish After Selloff (Final)
Search Jim Cramer’s “Mad Money” trading recommendations using our exclusive “Mad Money” Stock Screener and watch Jim Cramer’s “Mad Money” Post Game video exclusively on TheStreet.com.
NEW YORK (TheStreet) — Complacency was the word of the day on Jim Cramer’s “Mad Money” TV show Monday, as he told viewers that 2012 is shaping up to be markedly different than 2011, which means the word complacency takes on a whole new meaning.
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Retiree Takes Wife on Cruise After $50K Winning Spree at Jackpot Capital Casino
A pensioner is $ 50,000 richer after a winning streak playing online slot machines at JackpotCapital.eu. He deposited just under $ 200 and after several large wins on a variety of slots games he increased his bankroll by over $ 50,000.
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