The Right Stock At The Right Time®  
Take Advantage of a 30% Discount for American Seniors Association Members on Award Winning Stock Market Research Web Site - Market Edge®.
Market Recap
11/19/21
IndexCloseDay
 Chg
Day
 %Chg
4Wk
 %Chg
DJIA   35601.98 -268.97 -0.75 -0.2
DJ TRAN   16517.46 +20.77 +0.13 +4.7
DJ UTIL   914.39 +5.99 +0.66 -0.8
S&P 500   4697.96 -6.58 -0.14 +3.4
NASDAQ   16057.44 +63.73 +0.4 +6.4
NYSE   16973.96 -143.78 -0.84 -0.9
AMEX   3435.02 -73.54 -2.1 -0.8
RUS 2000   2343.16 -20.43 -0.86 +2.3
10 YR BOND   15.36 -0.53 -3.34 -8.4
Most Active ETFs
ETFCloseDay
 Chg
Day
 %Chg
4Wk
 %Chg
SQQQ   5.89 -0.1 -1.67 -21.3
XLF   39.00 -0.45 -1.14 -4.0
SPY   468.86 -0.88 -0.19 +3.5
XLE   54.65 -2.24 -3.94 -5.7
QQQ   403.99 +2.24 +0.56 +8.0
HYG   86.56 -0.07 -0.08 -0.3
EEM   50.92 -0.07 -0.14 -2.2
UVXY   15.92 +0.29 +1.86 -5.1
Today's Upgrades
BA LONG
FL LONG
DLR LONG
LABD LONG
TOL LONG
For complete list of upgrades/downgrades,
Click Here to Login

Market Edge is designed to provide investors with a simple, disciplined approach to investing in the stock market. Its unique set of investment tools provides independent, high quality research in a format that is easy to use and understand.

Disciplined Approach

Market Edge removes the emotions from investing by using a computer model which supplies consistent Buy, Hold, Sell recommendations. This approach ensures that stocks are bought and sold based upon solid analysis and not rumors, gossip or unsubstantiated stories.

Easy to Use

Whether it is charting, stock screening, setting up email alerts or any of the many other functions available, Market Edge’s tools are always only 1 or 2 clicks away; easy to use and easy to find.

Actionable

The stock reports contain specific action recommendations which are evaluated each night to ensure you receive the most up to date research. Nightly email alerts help keep you on top of your portfolio and stock watch lists.

Independent

Since 1992, Market Edge has been a source of truly independent research for retail investors and traders, professional brokers and money managers. Since we do nothing but research, our only interest is to provide our customers with the best research possible.

Click Here to Try It FREE for 14 Days.

DJ Industrials
Open: 35879.09 Close: 35601.98
High: 35879.09 Chg: -268.97
Low: 35555.37 % Chg: -0.75%
 
S&P 500
Open: 4708.44 Close: 4697.96
High: 4717.75 Chg: -6.58
Low: 4694.22 % Chg: -0.14%
 
NASDAQ
Open: 16042.16 Close: 16057.44
High: 16121.12 Chg: +63.73
Low: 16017.23 % Chg: +0.4%
 

Weekly Market Recap
4/26/2013

Powerful Rally Resumes

Earnings that have been generally better than anticipated returned control of the market to the bulls after the largest weekly loss of 2013.

The bulls enjoyed a solid rebound on Monday. The Dow Jones Industrial Average (DJIA) dropped 70 points at the outset, in part on an earnings miss by constituent Caterpillar (CAT), only to overcome the early deficit and turn positive in the afternoon. The DJIA added 20 points. The NASDAQ outperformed, increasing by 0.9%, as its largest weighting, Apple (AAPL), led the technology-laden index northward with a 2.1% gain.

On Tuesday, earnings beats by Delta Air Lines (DAL), Travelers (TRV), Texas Instruments (TXN) and Netflix (NFLX) coupled with European markets up 1%-3% on bullish comments from president of the European Commission set the stage for a strong day again in the United States. The DJIA boasted a triple digit advance throughout the session and ended up by 152 points. This time, the gains were evenly split as all three major averages were up a little more than 1%. After the close, Apple (AAPL) beat on earnings and revenues and raised both its dividend and share buyback program. However, lowered guidance erased an initial 5% pop in after-hours trading.

A significant beat on the top and bottom line by Boeing (BA) was not enough to avoid a slide in the DJIA on Wednesday. The major averages traversed a narrow range straddling both sides of the breakeven line but only the blue chips posted a loss, finishing lower by 43 points. While the S&P 500 and NASDAQ squeaked out fractional advances, the DJIA was weighed down by weakness in AT&T (T) and Proctor & Gamble (PG), both of which disappointed and lost 5% as a result.

On Thursday, earnings beats by Dow Chemical (DOW), United Parcel Service (UPS) and homebuilder PulteGroup (PHM), news that Verizon (VZ) might make a bid for full control of Verizon Wireless and tame jobless claims numbers provided more fuel to the bulls. The DJIA was ahead by 55 points after the first hour and 70 points at midday. The blue chip index peaked in the afternoon with a 92 point lead before selling in the last two hours, partially tied to renewed European concerns, chopped the session’s good work to 24 points. The NASDAQ, spurred on by Apple and Microsoft (MSFT), was the strongest performer and tacked on 0.6%.

Q1 Gross Domestic Product came in at 2.5% on Friday, less than expected. After waffling at the open, the DJIA edged higher by 36 points after a "not as bad as feared" reading on consumer confidence. The move proved to be momentary and the three major averages were in the red at midday. A firmer tone in the afternoon exchange lifted the DJIA by 43 points before a final hour fade sent the bellwether into the weekend better by 12 points. Troubling guidance from Amazon.com (AMZN) helped prevent the NASDAQ from crossing into the green numbers.

For the week, the Dow Jones Industrial Average rose by 165.04 points (+1.1%) and closed at 14,712.55. The NASDAQ added 73.20 points (+2.3%) to settle at 3,279.26 while the S&P 500 improved by 26.99 points (+1.7%) to finish at 1,582.24.

The Federal Reserve’s FOMC meets for a regularly scheduled meeting on Tuesday and Wednesday. Since the last meeting in March, the monthly jobs report came in surprisingly low at 88,000 new jobs, the stock market achieved new all-time highs, commodities prices pulled back led by oil and a mini-crash in gold, and Q1 Gross Domestic Product grew at a 2.5% rate. What might we expect from the Fed at this meeting?

The target for fed funds is widely anticipated to remain at its historic low range of 0.00%-0.25%, as it has since December 2008. Given the data now in the mix, the policy statement will be closely scrutinized for clues regarding the committee’s views on the economy as well as the status of QE3, the third round of quantitative easing.

Market participants will be seeking insight as to Fed’s commitment level to QE3 and the likely timeframe during which the Fed begins to wind down the program. Hints of a tapering off of bond purchases have shown the ability to spook the markets in recent weeks. The Federal Reserve nearly always telegraphs its moves in advance. This has been especially true during Ben Bernanke’s tenure as chairman. In fact, Bernanke has added to transparency with additions such as the quarterly press conferences by the chairman and the introduction of target data points. As such, the language used in this policy statement will be dissected for hints pertaining to a timeline for winding down QE3.

The view in this corner is that the policy statement may disappoint those hoping for new information pertaining to the conclusion of QE3. The majority of the voting governors have fallen behind Chairman Bernanke and dissent has been modest to date. With additional information yet to be received to confirm or deny the weakness in the March jobs numbers, the FOMC is likely to reiterate that it will monitor business conditions and the economic data and factor them into future action. As such, significant changes in the wording of the policy statement appear unlikely at next week’s meeting.

Next Week

The economic calendar opens with new figures for pending home sales, personal income and personal spending on Monday. Updates on the Chicago Purchasing Managers Index, Case-Shiller 20-City Index, Employment Cost Index and consumer confidence are scheduled for Tuesday. A busy Wednesday docket includes the FOMC decision on interest rates, ADP employment report, ISM Index, auto sales, truck sales, construction spending and weekly crude oil inventories. Reports on unit labor costs, productivity, trade balances, Challenger job cuts, weekly jobless claims and weekly natural gas inventories come to market on Thursday. The ISM Services Index and key employment data including nonfarm payrolls, hourly earnings, average workweek and the national unemployment rate will be released on Friday.

Past performance is not a guarantee of future results. The data contained in Market Edge is obtained from sources considered by Computrade Systems, Inc. to be reliable but the accuracy and completeness thereof are not guaranteed. Computrade Systems, Inc. does not and will not warrant the performance and results that may be obtained while using the Market Edge research service.
The Market Edge research service & Second Opinion are neither offers to sell nor solicitations of offers to buy any security.
Company profile, estimates and financials provided by Standard & Poor's
See User Agreement for other disclaimers.
Market Edge and Second Opinion are registered trademarks of Computrade Systems, Inc.
© 2013 Computrade Systems, Inc.
© 2013 The McGraw-Hill Companies, Inc. Standard & Poor's is a division of The McGraw-Hill Companies, Inc. See full Copyright for details.