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Tuesday, May 21, 2013 - 6:35am
Benzinga Market Primer: Tuesday, May 21
Although far from anything resembling a correction, the markets ended Monday’s trading session barely in the red on the back of a weak dollar and gold that started the day sharply lower but rebounded. Tuesday, traders will watch for signs of follow-thru of yesterday’s pullback. Here’s what...
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Technical Forecast for RBOB for 19th May 2013
Monday, May 20, 2013 - 12:42pm
RBOB Gasoline tested the 100 day moving average at 292.81 but fortunately topped at 292.76 to keep us short. We are now overbought & could head lower as we start this week. First support at 289/87 with the 200 day moving average & this did in fact hold the pullback on Friday, but...
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Sunday, May 19, 2013 - 7:56pm
A Look Ahead: This Week's ETFs to Watch
Sell in May and go away? Try again next year. After last week's gains, the S&P 500 is sitting on a 4.4 percent gain for the month heading into Monday's trading session. The benchmark U.S. index now resides less than 40 points away from the lofty 1,700 level. Indeed, this rally has plenty of...
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Sunday, May 19, 2013 - 11:22am
Earnings Expectations for the Week of May 20
The start of the retail earnings season last week was a mixed bag. Quarterly results from Walmart (NYSE: WMT), Kohl's (NYSE: KSS) and Nordstrom (NYSE: JWN) ranged from so-so to disappointing, while J.C. Penney (NYSE: JCP) posted a larger-than-expected net loss. Macy's (NYSE: M) was the standout,...
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Sunday, May 19, 2013 - 11:11am
Presidential Visit Puts Myanmar Investment Theme in Spotlight
Six months after President Barack Obama visited Myanmar, that country's president, Thein Sein, will visit the White House. Sein's visit to Washington, D.C. marks the first such visit by a leader from the Southeast Asian nation in nearly five decades and it is one that again puts the spotlight...
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Saturday, May 18, 2013 - 3:55pm
Campbell Soup Earnings Preview: Double-Digit Revenue Growth Expected
Campbell Soup (NYSE: CPB), which some have speculated could be a takeover candidate for Warren Buffett and Berkshire Hathaway (NYSE: BRK-A), is scheduled to report its third-quarter fiscal 2013 results Monday, May 20, before the markets open. Investors will be watching for updates about several...
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Friday, May 17, 2013 - 4:29pm
Weekly Preview: FOMC Minutes in Focus, Earnings Season Wanes
In the upcoming week, market focus shifts back to the Fed as the FOMC minutes of the latest meeting are released. Also, Fed Chairman Ben Bernanke is set to speak as earnings season slows down, although there are still some key earnings set to be released. Key Earnings This week, the earnings...
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Friday, May 17, 2013 - 6:36am
Benzinga Market Primer: Friday, May 17
Futures Rise Heading Into the Weekend U.S. equity futures rose slightly in early pre-market trade heading into the weekend after a week marked by small moves in equities in both directions. Stocks look set to test all-time highs again in Friday's session if futures can hold gains into the open....
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Thursday, May 16, 2013 - 6:47am
Benzinga Market Primer: Thursday, May 16: J.C. Penney Earnings In Focus
Futures Flat After Strong Japanese GDP U.S. equity futures traded just near unchanged in early pre-market trade following a stronger than expected GDP report from Japan. Japan reported first quarter GDP rose 3.5 percent on an annualized basis, better than the 2.7 percent expected growth rate....
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Wednesday, May 15, 2013 - 6:45am
Benzinga Market Primer: Wednesday, May 15
Futures Lower on Weak European Growth Data U.S. equity futures traded lower in early pre-market trade following a weaker than expected GDP report from the eurozone for the first quarter. GDP growth rose to -0.2 percent on a quarterly basis from -0.6 percent but missed forecasts of a 0.1 percent...
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