« prev   random   next »

39
21

Stocks surge to Record Close, have best start to a year since 2003

By Sniper following x   2018 Jan 12, 1:09pm 2,116 views   42 comments   watch   sfw   quote     share    


Stocks rose to record highs on Friday after some of the major financial companies in the U.S. reported strong quarterly results.

The Dow Jones industrial average rose 197 points to an all-time high. J.P. Morgan Chase was among the best-performing stocks in the index, rising 1.1 percent.

The S&P 500 reached a record high, climbing 0.6 percent with industrials and consumer discretionary as the best-performing sectors.

The index was also enjoying its best 10-day start to a year since 2003. In that time period, the S&P 500 is up 4 percent. It gained 5.9 percent during the first 10 days of 2003.

The Nasdaq composite traded 0.6 percent higher and also hit an all-time high. Amazon shares rose 2.1 percent and broke above $1,300 for the first time.


https://www.cnbc.com/2018/01/12/us-stocks-earnings-season-dow-jp-morgan.html
#economics

Comments 1 - 40 of 42     Next »     Last »

1   Strategist   ignore (1)   2018 Jan 12, 6:21pm   ↑ like (2)   ↓ dislike (0)   quote        

Thanks Trump.
Those who felt Trump would be a disaster for the economy and stocks, would have blamed Trump if stocks had crashed. Now that stocks have rocketed upwards, you cannot give credit to Obama.
2   WatermelonUniversity   ignore (1)   2018 Jan 12, 9:43pm   ↑ like (0)   ↓ dislike (4)   quote        

apparently Trump supporters missed the email on Venezuela's stock market.
3   bob2356   ignore (1)   2018 Jan 13, 6:56am   ↑ like (0)   ↓ dislike (2)   quote        

The worlds markets did better. Why is trump not keeping up with all the socialist countries?
4   HEYYOU   ignore (13)   2018 Jan 13, 9:47am   ↑ like (0)   ↓ dislike (0)   quote        

What else happened in 1929 besides this song?
5   Strategist   ignore (1)   2018 Jan 13, 9:54am   ↑ like (0)   ↓ dislike (0)   quote        

BorderPatrol says
apparently Trump supporters missed the email on Venezuela's stock market.

Didn't know Venezuela still had a stock market.

bob2356 says
The worlds markets did better. Why is trump not keeping up with all the socialist countries?

You mean like Venezuela, Cuba, and North Korea.
6   anonymous   ignore (null)   2018 Jan 13, 12:27pm   ↑ like (0)   ↓ dislike (0)   quote        

Strategist says
BorderPatrol says
apparently Trump supporters missed the email on Venezuela's stock market.

Didn't know Venezuela still had a stock market.

bob2356 says
The worlds markets did better. Why is trump not keeping up with all the socialist countries?

You mean like Venezuela, Cuba, and North Korea.


No not those shit holes. He was probably talking about China, Denmark, Finland, Netherlands, Canada, Sweden, Norway, Ireland, New Zealand and Belgium.
7   anonymous   ignore (null)   2018 Jan 13, 9:03pm   ↑ like (0)   ↓ dislike (0)   quote        

BorderPatrol says
apparently Trump supporters missed the email on Venezuela's stock market.


Got much money invested in it?
8   Strategist   ignore (1)   2018 Jan 14, 10:50am   ↑ like (0)   ↓ dislike (0)   quote        

anon_13ce6 says
bob2356 says
The worlds markets did better. Why is trump not keeping up with all the socialist countries?

You mean like Venezuela, Cuba, and North Korea.


No not those shit holes. He was probably talking about China, Denmark, Finland, Netherlands, Canada, Sweden, Norway, Ireland, New Zealand and Belgium.


So he was talking about countries that practice capitalism.
9   anonymous   ignore (null)   2018 Jan 14, 11:57am   ↑ like (0)   ↓ dislike (0)   quote        

Strategist says
anon_13ce6 says
bob2356 says
The worlds markets did better. Why is trump not keeping up with all the socialist countries?

You mean like Venezuela, Cuba, and North Korea.


No not those shit holes. He was probably talking about China, Denmark, Finland, Netherlands, Canada, Sweden, Norway, Ireland, New Zealand and Belgium.


So he was talking about countries that practice capitalism.


No socialism.

http://blog.peerform.com/top-ten-most-socialist-countries-in-the-world/
10   Strategist   ignore (1)   2018 Jan 14, 12:02pm   ↑ like (0)   ↓ dislike (0)   quote        

anon_362aa says

So he was talking about countries that practice capitalism.


No socialism.


Capitalism.
12   Hassan_Rouhani   ignore (2)   2018 Jan 14, 3:00pm   ↑ like (1)   ↓ dislike (0)   quote        

anon_362aa says
Strategist says
anon_13ce6 says
bob2356 says
The worlds markets did better. Why is trump not keeping up with all the socialist countries?

You mean like Venezuela, Cuba, and North Korea.


No not those shit holes. He was probably talking about China, Denmark, Finland, Netherlands, Canada, Sweden, Norway, Ireland, New Zealand and Belgium.


So he was talking about countries that practice capitalism.


No socialism.

http://blog.peerform.com/top-ten-most-socialist-countries-in-the-world/


"Life in China remains relatively less stressful and more relaxed than life in capitalist countries like America."

Right.
13   anonymous   ignore (null)   2018 Jan 25, 8:47am   ↑ like (2)   ↓ dislike (1)   quote        

Strategist says
Now that stocks have rocketed upwards,


Up another 164 points at mid day, more Record territory!!
14   anonymous   ignore (null)   2018 Jan 25, 1:11pm   ↑ like (1)   ↓ dislike (0)   quote        

Dow pops more than 140 points, closes at record after Caterpillar and 3M earnings.

The Dow Jones industrial average hit an all-time high on Thursday on the back of stronger-than-expected quarterly results from Caterpillar and 3M.

"The numbers companies are releasing, along with the upbeat views from executives, is helping analysts lift their estimates and that's helping stocks advance," said Mark Luschini, chief investment strategist at Janney. "You [also] have strong U.S. and overseas economic growth, and that is supportive for stocks."

"This is going to be earnings-driven for the next couple of weeks," said Tim Dreiling, regional investment director at U.S. Bank Wealth Management. "Thus far, it's been terrific news."

Calendar fourth-quarter earnings and sales have mostly beat analyst expectations thus far. Of the companies that have reported quarterly results, 78 percent have beaten earnings expectations, while 82 percent have surpassed revenue estimates, according to Thomson Reuters I/B/E/S.


https://www.cnbc.com/2018/01/25/us-stocks-caterpillar-3m-earnings.html
15   anonymous   ignore (null)   2018 Jan 26, 9:03am   ↑ like (1)   ↓ dislike (0)   quote        

Dow rises 100 points, hits record on better-than-expected earnings, continuing economic growth.

U.S. stocks traded higher on Friday as quarterly earnings top estimates, while the economy continues to grow.

The Dow Jones industrial average rose 100 points and hit a record. The S&P 500 gained 0.5 percent, with tech and health care as the best-performing sectors, and also reached an all-time high. The Nasdaq composite advanced 0.7 percent.

Overall, this earnings season have been strong thus far. Of the S&P 500 companies that have reported as of Friday morning, 77 percent have reported-better-than-expected earnings while 79 percent have surpassed sales estimates, according to data from FactSet.

"The beat rates and growth rates are as good as we have measured for these 133 companies in any earnings season over the past five years," said Nick Raich, CEO of The Earnings Scout, in a note. "Most importantly, 1Q 2018 EPS estimates are rising and that is the first time we have seen aggregate S&P 500 EPS estimates going higher in any earnings season in seven years."

Meanwhile, U.S. durable goods orders rose 2.9 percent in December, according to the Commerce Department. Economists expected an increase of 0.8 percent.

https://www.cnbc.com/2018/01/26/us-stocks-gdp-economy-trump.html
Maybe it's time to:

16   Goran_K   ignore (0)   2018 Jan 26, 9:04am   ↑ like (2)   ↓ dislike (2)   quote        

What's up with Maxine Waters profile pic, is she trying to smile?
17   Strategist   ignore (1)   2018 Jan 26, 9:13am   ↑ like (1)   ↓ dislike (0)   quote        

Goran_K says
What's up with Maxine Waters profile pic, is she trying to smile?


She is trying to look pretty. Ends up looking even more stupid.
18   NuttBoxer   ignore (2)   2018 Jan 26, 9:14am   ↑ like (0)   ↓ dislike (1)   quote        

Has anyone looked at the 5 year for DJI? This will not end well...

19   Quigley   ignore (0)   2018 Jan 26, 9:31am   ↑ like (5)   ↓ dislike (0)   quote        

With all the trillions returning from offshore corporate bank accounts (due to tax amnesty rate) building and infrastructure are going to be BOOMing! That means investment in equipment at unprecedented levels, which means boom time for American companies which provide such things (like Caterpillar).

Good times ahead!
20   mell   ignore (1)   2018 Jan 26, 10:29am   ↑ like (2)   ↓ dislike (0)   quote        

NuttBoxer says
Has anyone looked at the 5 year for DJI? This will not end well...



Before Trump I'd have agreed with you, and while eventually like always there will be a big correction Trump and his pro free market policies changed the outlook to very positive. I think Dow 30k is in reach before a correction. I have been neutral-to-bearish and predicted sideways market movements mostly, but that was before the Trump election, tax cuts etc. Cannot fathom a crash at this point.
21   anonymous   ignore (null)   2018 Jan 26, 12:47pm   ↑ like (3)   ↓ dislike (0)   quote        

mell says
I think Dow 30k is in reach before a correction. I have been neutral-to-bearish and predicted sideways market movements mostly, but that was before the Trump election, tax cuts etc. Cannot fathom a crash at this point.


I agree, 30K is not that far away. Some major players in the finance arena are saying the same thing, 2018 will be a good year, all economies around the world are growing.

Get on the bus before it leaves the station!
22   anonymous   ignore (null)   2018 Jan 26, 12:48pm   ↑ like (1)   ↓ dislike (0)   quote        

Quigley says
With all the trillions returning from offshore corporate bank accounts (due to tax amnesty rate) building and infrastructure are going to be BOOMing! That means investment in equipment at unprecedented levels, which means boom time for American companies which provide such things (like Caterpillar).


What most people don't realize is where Trump came from. He did BIG business deals for decades in the TOUGHEST business market around, New Your City. If you can make things happen and be successful in that environment, all that experience will translate to making the US economy improve, YYUUGGEEELY.

If you've never worked or had to deal with all the crap in NYC, you won't be able to even fathom what the business climate is like in the 5 boroughs.
24   anonymous   ignore (null)   2018 Jan 26, 2:18pm   ↑ like (1)   ↓ dislike (0)   quote        

Major stock indexes close at records as economy remains in growth mode.

All main stock benchmarks finished at records on Friday as latest data indicated the economy steadily expanded even if growth fell short of expectations. Robust earnings also supported stocks with health-care and tech shares leading the gains.

The Dow Jones Industrial Average gained 219 points, or 0.8%, to 26,612 to rise 2.1% for the week. The S&P 500 added 32 points, or 1.2%, to 2,872 for a weekly gain of 2.2% while the Nasdaq Composite Index climbed 94 points, or 1.3%, to 7,505, up 2.3% for the week.


https://www.marketwatch.com/story/major-stock-indexes-close-at-records-as-economy-remains-in-growth-mode-2018-01-26
25   Strategist   ignore (1)   2018 Jan 26, 7:56pm   ↑ like (1)   ↓ dislike (0)   quote        

anon_d624b says
Major stock indexes close at records as economy remains in growth mode.

All main stock benchmarks finished at records on Friday as latest data indicated the economy steadily expanded even if growth fell short of expectations. Robust earnings also supported stocks with health-care and tech shares leading the gains.

The Dow Jones Industrial Average gained 219 points, or 0.8%, to 26,612 to rise 2.1% for the week. The S&P 500 added 32 points, or 1.2%, to 2,872 for a weekly gain of 2.2% while the Nasdaq Composite Index climbed 94 points, or 1.3%, to 7,505, up 2.3% for the week.


Every week seems to end in a record high. This is truly unbelievable.
I wonder what the stocks would have done if Hillary was President? My guess, it would have gone up 2% at the most.
26   FortWayne   ignore (1)   2018 Jan 26, 9:08pm   ↑ like (0)   ↓ dislike (0)   quote        

Under SJW Hillary? We'd just have more empowered crazy feminists and other nuts parading the streets, economy would be stagnating, and more gender related crap on tv.
27   anonymous   ignore (null)   2018 Jan 26, 9:39pm   ↑ like (1)   ↓ dislike (0)   quote        

Strategist says
I wonder what the stocks would have done if Hillary was President? My guess, it would have gone up 2% at the most.


Trump says the stock market would have been down 50% had Clinton won.

President Donald Trump told CNBC that if Hillary Clinton had won the 2016 presidential election, the stock market would have been cut in half.

Trump said Thursday in the exclusive interview from the World Economic Forum in Davos, Switzerland:

"Had the Democrat won — the stock market is up almost 50 percent since my election — had the Democrat won, I believe you would have been down 50. That's the direction we were headed. And you know, a lot of that, regulation. It was staggering. You could not do anything."

The stock market has had a historic run since Trump's election in November 2016. The Dow Jones industrial average has climbed 44 percent since then, notching scores of all-time highs along the way.

https://www.cnbc.com/2018/01/26/trump-says-the-stock-market-would-have-been-down-50-percent-had-clinton-won.html
28   BayArea   ignore (0)   2018 Jan 27, 4:08am   ↑ like (3)   ↓ dislike (0)   quote        

Every time I bet against Trump I lose.

No more!
29   anonymous   ignore (null)   2018 Jan 27, 9:18am   ↑ like (1)   ↓ dislike (0)   quote        

BayArea says
Every time I bet against Trump I lose.


anon_d624b says
What most people don't realize is where Trump came from. He did BIG business deals for decades in the TOUGHEST business market around, New York City. If you can make things happen and be successful in that environment, all that experience will translate to making the US economy improve, YYUUGGEEELY.


There are a few here that like to call him a "trust fund baby", but the reality is, he took millions in inheritance and turned it into a multi-BILLION dollar company, in the toughest area in the country to do business.

I wouldn't bet against that either.
30   Strategist   ignore (1)   2018 Jan 27, 2:26pm   ↑ like (4)   ↓ dislike (0)   quote        

anon_e142a says
Strategist says
I wonder what the stocks would have done if Hillary was President? My guess, it would have gone up 2% at the most.


Trump says the stock market would have been down 50% had Clinton won.

President Donald Trump told CNBC that if Hillary Clinton had won the 2016 presidential election, the stock market would have been cut in half.

Trump said Thursday in the exclusive interview from the World Economic Forum in Davos, Switzerland:

"Had the Democrat won — the stock market is up almost 50 percent since my election — had the Democrat won, I believe you would have been down 50. That's the direction we were headed. And you know, a lot of that, regulation. It was staggering. You could not do anything."

The stock market has had a historic run since Trump's election in November 2016. The Dow Jones industrial average has climbed 44 percent since then, notching scor...


Good thing Trump won. I hate being poor. It sucks.
31   NuttBoxer   ignore (2)   2018 Jan 29, 2:30pm   ↑ like (0)   ↓ dislike (0)   quote        

mell says
Before Trump I'd have agreed with you


What's fundamentally changed about our economy that makes you say that?
Are dollars backed by gold and silver again?
Has the Federal Reserve stopped printing ad-nauseam?
Did we write-off the national debt?
Has the federal government agreed to halt all spending until the national debt is re-paid?

I haven't looked into Trump's changes, so I'm not sure if they actually do encourage free market or not. But even if they do, without the removal of those economic pillars I just listed, all they will be is too little, too late. Physics, math, and the free market all tell us economies that operate this way will not end well, and cannot recover without a correction, in this case severe. After which the mechanism that caused said boom-bust cycle must cease to operate, entirely.

I'm not calling Trump a clown, but this is just bread and circus's, prolonging the inevitable.
32   Hassan_Rouhani   ignore (2)   2018 Feb 2, 12:20pm   ↑ like (1)   ↓ dislike (0)   quote        

anonymous says
Dow industrials poised for nearly 1,000-point weekly drop—biggest weekly setback in 2 years

S&P 500 on track for worst weekly decline in 2 years

All 30 Dow stocks are in the red as index dives 550 points


Yes, people are cashing out their 401k's to take advantage of the yuuuuge Bitcoin buying opportunity!!!
33   Sniper   ignore (11)   2018 Feb 2, 1:37pm   ↑ like (5)   ↓ dislike (3)   quote        

anonymous says
Dow industrials poised for nearly 1,000-point weekly drop—biggest weekly setback in 2 years

S&P 500 on track for worst weekly decline in 2 years

All 30 Dow stocks are in the red as index dives 550 points


Yes

Sell, Sell, Sell.... EJECT, EJECT EJECT, a 1000 point drop, Wall Street traders are jumping off of buildings!!!!

One year DOW chart:



Wait, False alarm.....

anonymous says
IS THIS THE DOTARD GOING TO TAKE CREDIT FOR THIS AS WELL ?


He should, don't those returns over the last year look wonderful?


anonymous says
Can we hear a big round of MAGA and WINNING now with the appropriate tweet from the Dotard congratulating himself on the performance of the market ?


Absolutely, Which year of Obama's 8 did we get returns like that?
34   lostand confused   ignore (0)   2018 Feb 2, 1:42pm   ↑ like (0)   ↓ dislike (0)   quote        

I wonder if it will head back to 22,000 or 23, 000 or even 19,000?
35   HeadSet   ignore (1)   2018 Feb 2, 1:44pm   ↑ like (1)   ↓ dislike (0)   quote        

Politics aside, are any of you going to see this a a buying opportunity?

I suspect that Monday morning may be a good time to buy before the market goes back up. I am eyeing two stocks that are now at their 52 week lows.
36   Sniper   ignore (11)   2018 Feb 2, 1:46pm   ↑ like (3)   ↓ dislike (2)   quote        

lostand confused says
I wonder if it will head back to 22,000 or 23, 000 or even 19,000?


There hasn't been a 5% or 10% correction for quite a while, it's been overdue. Plus, the financial markets have been waiting for the end of the current business cycle, which is two years over due too..
37   lostand confused   ignore (0)   2018 Feb 2, 1:46pm   ↑ like (0)   ↓ dislike (0)   quote        

HeadSet says
Politics aside, are any of you going to see this a a buying opportunity?

I suspect that Monday morning may be a good time to buy before the market goes back up. I am eyeing two stocks that are now at their 52 week lows.

I don't know, I think ti went up too fast.
I am thinking 22,000 or 23,000 maybe a floor before it goe sup again-but what do I know :)
38   Sniper   ignore (11)   2018 Feb 2, 1:55pm   ↑ like (1)   ↓ dislike (2)   quote        

HeadSet says
I am eyeing two stocks that are now at their 52 week lows.


That would depend what sectors/industry they are in. If they're related to the new tax plan and where the economy will benefit, it could be a good choice.
39   Hassan_Rouhani   ignore (2)   2018 Feb 2, 2:25pm   ↑ like (1)   ↓ dislike (0)   quote        

anonymous says
Wonder how many have taken out loans against whatever including their homes, maxed out credit cards to buy Bitcoin or some other crypto currency


All the smart kids.
40   anonymous   ignore (null)   2018 Feb 2, 3:20pm   ↑ like (0)   ↓ dislike (0)   quote        

anonymous says
Does the spin cycle ever stop or should some technical help be called in ?


What spin? What technical help is needed? Market went up 35% the last year and dropped 5%?

Seems pretty clear, right?

Comments 1 - 40 of 42     Next »     Last »





The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available


about   best comments   contact   one year ago   suggestions