A rally on Tuesday, as expected followed Monday’s snowstorm. A market sell-off Wednesday, after the second snowstorm of the week in the NYC Metropolitan region, began early after the Automated Data Processing (ADP) payroll report fell 10,000 short of expectations but was met with a positive reaction to the ISM Services report. By the closing […]
Pandora (P), Twiter (TWTR), Yelp (YELP)We are in the midst of a secular bull market. This is the most hated bull market that I can recall during my career which began on Wall Street at Morgan Stanley (MS) in 1984. Unfortunately, most of today’s market participants; especially those under the age of thirty-five have never experienced a secular bull market. […]
Apple (AAPL), Caterpillar (CAT), Cisco (CSCO), Dow Jones Industrials (DJIA), Ford (F), Google (GOOG), McDonalds (MCD), Microsoft (MSFT), Morgan Stanley (MS), S&P 500 (SPX)As we are within a few hours of the ball dropping in Times Square, I wanted to take the time to reflect upon My Gut Feeling for 2013. Hence, here were my thoughts as we entered the year and how they fared: Bottom up estimates for 2013 earnings as complied by Standard & Poor’s for its […]
Aberdeen Israel Fund (ISL), Con Edison (ED), Duke Energy (DUK), Exelon (EXC), Southern Company (SO), Twiter (TWTR)The Federal Reserve Open Market Committee or FOMC came down from its financial Mt. Olympus to deliver a decision on monetary policy. The market was as I predicted flattish, up till then. The headline decision was to decrease its monthly purchases of bonds by $10 billion to $75 billion. That is what was referred to […]
Darden Restaurants (DRI), Dow Jones Industrials (DJIA), Facebook (FB), Google (GOOG), Hershey (HSY), Nike (NKE), S&P 500 (SPX)