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Macro Headwinds Provide Good Entry Point For Proto Labs, Says Canaccord
Friday, September 2, 2016 - 11:53amShares of Proto Labs Inc (NYSE: PRLB) have declined "substantially" due to U.S. macro concerns regarding industrial production, according to Bobby Burleson of Canaccord Genuity. The stock is lower by nearly 7 percent over the past five days alone and lower by more than 20 percent over the past year...
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Forex Traders Focus on U.S. Data Due Wednesday
Tuesday, February 17, 2015 - 2:31pmIf there are no weather related delays on Wednesday Forex traders will have plenty of U.S. data to review. At 8:30 AM ET U.S housing starts for January are expected to be 1050K vs 1089K. Building permits for January are expected to come in at 1060K vs 1032K. Also at 8:30 AM PPI for January will...
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Bank Of America's Top 10 Economic Themes Of The Week
Friday, November 21, 2014 - 2:53pmAs the trading week comes to an end, a group of analysts at Bank of America recapped the top 10 economic themes of the week. FOMC: Inflation on my mind. The October FOMC minutes revealed “more concern” over downside risks to growth an inflation than the actual statement itself...
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U.S. Markets Recover From Early-Day Losses As Japan's Economy Contracts
Monday, November 17, 2014 - 5:46pmU.S. markets opened in negative territory to start the week following news reports that Japan's economy unexpectedly contracted in the third quarter. U.S. stocks rebounded after the European Central Bank's President Mario Draghi stating that the central bank remains "unanimous in...
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Dow's Losing Streak Now Stands At 6 Days, S&P 500 And Nasdaq Slightly Positive
Thursday, October 16, 2014 - 5:07pmU.S. stocks were mixed on Thursday as the Dow Jones index traded lower by 206 points before recouping most of these losses. However, the index closed the day in negative territory for the sixth straight day, despite encouraging U.S. labor data being reported. Speaking to Bloomberg, St. Louis...
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Markets Close The Week On Negative Note As Ukraine Worries Mount
Friday, August 15, 2014 - 5:01pmU.S. stocks erased early morning gains and finished lower following reports that Ukrainian artillery forces engaged armored vehicles entering Ukraine from Russia. Narayana Kocherlakota, Minneapolis Fed President, stated that labor strength in its current state appears to be far away from the...
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Earnings Continue Driving Markets Higher
Wednesday, July 16, 2014 - 5:23pmU.S. stocks rose as investors and traders find comfort in corporate earnings that continue to come in at better-than-expected levels. Although it's still very early in to earning season, Intel Corp. (NASDAQ: INTC) reported better-than-expected results and stronger-than-expected PC sales,...
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Market Wrap For May 15: Bears Return In Full-Force As Dow Suffers Triple-Digit Point Loss
Thursday, May 15, 2014 - 4:41pmU.S. stocks declined for the second straight day after investors and traders digested disappointing earnings from retailers and economic reports were disappointing. The Dow suffered a triple-digit point loss and declined one percent after the retailer giant Wal-Mart failed to "wow" investors....
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Bond Market Week Ahead
Monday, May 12, 2014 - 12:09pmU.S. economic data, Eurozone sovereign rates, and safe haven buying will drive the bond market this week. These factors may lead to a retest of short term support in 10 year yields. The yield has been in a narrow trading range between 2.83 percent and 2.59 percent since February, and a broader...
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Market Wrap For April 16: Markets Hold On To Gains On Positive Yellen Comments And Economic Data
Wednesday, April 16, 2014 - 4:50pmU.S. stocks held on to strong gains as U.S. industrial production rose more than projected. The Fed confirmed it will maintain a "friendly" policy that will support the economic recovery. According to Fed Chief Janet Yellen there are three main concerns the central bank is facing. Specifically...
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