Market Direction: BULLISH alert
issued 9/21/2017
Stock on the Radar (STAR)© was launched 6/19/2017 Sunday evening. When there is a new stock recommendations for the week it is typically made available late Sunday, so investors can prepare to take a position when the market opens Monday for trading.
Last Week Review: Stocks rose in a holiday-shortened week of light trading, bringing the major indexes to new intraday records (U.S. markets were closed Thursday for the Thanksgiving holiday and closed early Friday). Small-cap stocks, which are typically more volatile, recorded the largest gains. The technology-heavy Nasdaq Composite Index also performed especially well, helped by the strong performance of several technology and Internet-related giants, including Facebook, Apple, Alphabet (Google), and Amazon.com. The sector received an additional boost from semiconductor maker Marvell Technology Group’s official announcement of plans to acquire smaller rival Cavium. Health care and consumer discretionary stocks were generally strong as well, with the latter helped by favorable forecasts for the extended “Black Friday” shopping season. Financials lagged as longer-term interest rates fell, auguring poorly for bank lending margins.
Stock on the Radar (STAR)© was launched 6/19/2017 Sunday evening. When there is a new stock recommendations for the week it is typically made available late Sunday, so investors can prepare to take a position when the market opens Monday for trading.
Last Week Review: Stocks rose in a holiday-shortened week of light trading, bringing the major indexes to new intraday records (U.S. markets were closed Thursday for the Thanksgiving holiday and closed early Friday). Small-cap stocks, which are typically more volatile, recorded the largest gains. The technology-heavy Nasdaq Composite Index also performed especially well, helped by the strong performance of several technology and Internet-related giants, including Facebook, Apple, Alphabet (Google), and Amazon.com. The sector received an additional boost from semiconductor maker Marvell Technology Group’s official announcement of plans to acquire smaller rival Cavium. Health care and consumer discretionary stocks were generally strong as well, with the latter helped by favorable forecasts for the extended “Black Friday” shopping season. Financials lagged as longer-term interest rates fell, auguring poorly for bank lending margins.
How
the market finished last week, the S&P 500 up 0.9%, the Nasdaq up 1.6%, and
the Dow up 0.9%.
Some of the major earnings announcements on deck: TIF, FIZZ, ULTA, VMW, FIVE.
$tockMarketDirection proprietary model is currently BULLISH. We strongly encourage you to monitor positions closely, exercise proper money management strategies and follow us at $tockMarketDirection for ALERTS we may issue advising a change in the current market direction. Stay tuned and follow us. If you have a testimonial or comment of how this website has helped you we would like to know, write us. Share with a friend. Cha-ching.
This Week: A busier week lies ahead, with
China data and US consumer confidence to watch out for. In addition, the first
November UK purchasing managers index (PMI), for manufacturing, appears at the
end of the week.
It’s
that time of year again: egg nog, decorations, holiday parties and (of course)
the holiday shopping season. Historically, Black Friday (the day after
Thanksgiving) kicked off the holiday shopping season and placed retailers in the
black on their profit statements, but over the past few years, the holiday
shopping season has started much earlier. Many retailers are offering pre-black
Friday sales several weeks in advance to drive customer traffic to their stores
and websites. And we now have cyber Monday (the Monday after Thanksgiving),
which is one of the largest online shopping days of the year.
Major
earnings are few in number, although numbers from Cranswick, Pets at Home and
Pennon will command some attention.
Economic
Calendar: International Trade in Goods (11/28), Consumer Confidence (11/28), GDP
(11/29), Personal Income and Outlay (11/30)
Some of the major earnings announcements on deck: TIF, FIZZ, ULTA, VMW, FIVE.
$tockMarketDirection proprietary model is currently BULLISH. We strongly encourage you to monitor positions closely, exercise proper money management strategies and follow us at $tockMarketDirection for ALERTS we may issue advising a change in the current market direction. Stay tuned and follow us. If you have a testimonial or comment of how this website has helped you we would like to know, write us. Share with a friend. Cha-ching.
Related Link: http://www.stockmarket-direction.com/
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