Federal regulators said Friday an algorithm caused the notorious Flash Crash of May 6 when an automated trading system selling futures contracts on the S&P 500 ($INX) triggered a cascade of selling throughout the broader market…
Despite the last day’s profit-taking slippage, it was a September to remember for stocks, especially after their gruesome performance in August. It’s all the more noteworthy because September is hardly a highlight month histori…
Luxury retailers tend to be early-cycle stocks: They move in advance of other sectors. Shares in Tiffany, Coach and Polo Ralph Lauren have been been crushing the broader market for a while. But will they continue? Do these stocks make good buys now? Watch Face-Off.
Continue reading Face-Off on Stocks: Tiffany, Coach and Polo Ralph Lauren
Face-Off on Stocks: Tiffany, Coach and Polo Ralph Lauren originally appeared on DailyFinance on Tue, 28 Sep 2010 17:30:00.
Filed Under: Investing, Polo Ralph Lauren, Tiffany & Co, Stock Picks, Video, Market News
The strength of the market surge depends on economic news — particularly unemployment data. Consumer confidence, personal consumption and GDP are three other big items on this week’s calendar.
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Since the S&P finally rose past the key 1,130 level on Monday, stocks have languished rather than rapidly advance. That’s because volume is anemic. And without volume, the market is said to lack the conviction needed to actuall…