by | Jan 24, 2011 | Towing
Traders will be reading between the State of the Union’s lines to see what Obama’s new approach means for business and the market. And given stocks’ steady rise for the past eight weeks, profit-taking and choppy action should b…
by | Jan 21, 2011 | Towing
Better-than-expected earnings from General Electric helped lift the Dow and S&P 500. The Nasdaq closed lower after disappointing results from chipmaker Advanced Micro Devices. Overall, the week’s strong earnings bode well for c…
by | Jan 18, 2011 | Towing
Apple, BofA, Morgan Stanley, IBM, GE, Goldman and Google are among the names reporting this week. And if last week’s numbers are any guide, the market should have plenty of reasons to rally — especially because expectations ar…
by | Jan 10, 2011 | Towing
Once again, profit reports are expected to be a tale of strong growth, thanks more to cost cuts than revenue gains. And perhaps even more telling, fourth-quarter 2010 earnings are competing with downright dismal reports for the…
by | Jan 7, 2011 | Towing
This week was all about jobs reports, and after December’s employment numbers fell short of expectations, stocks ended the first week of trading in 2011 on a down note. Kenny Polcari, managing director at ICAP Corporates explai…