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 Today's Market (Page 23)
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| Author | Topic: Today's Market |
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uncleharley |
posted 02-07-2000 08:23 PM
 
The story below says"tech's are hot, everything else is not." It's a darn shame they don't say how long that sector is expected to run before it turns down. A commentator on NBR stated that he expected tech's to be good for at least 3 more years. Does anyone know how long IBM has been a good investment???? |
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InvestorGuide Daily Administrator |
posted 02-07-2000 06:36 PM
The Nasdaq posted another record close as strength among biotech shares fueled gains. The Dow ended lower as concerns about rising interest rates continued. http://www.cnnfn.com/2000/02/07/markets/markets_newyork |
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InvestorGuide Daily Administrator |
posted 02-04-2000 06:26 PM
Technology stocks boosted the Nasdaq Composite to a record close, but the Dow ended lower as strong employment data rekindled inflation fears. http://www.msnbc.com/news/158521.asp |
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InvestorGuide Daily Administrator |
posted 02-03-2000 06:35 PM
The Nasdaq rose for the fourth straight day, posting its third largest point gain ever. Demand for internet stocks and many tech blue-chips lifted the index. Financial stocks, pushed down by the interest rate increase, limited the Dow's gains. http://www.cnnfn.com/2000/02/03/markets/markets_newyork |
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InvestorGuide Daily Administrator |
posted 02-02-2000 06:01 PM
The Dow rose in the morning and got an additional boost from the Fed announcement (see below), but fell late in the day to end down 38. http://washingtonpost.com/wp-dyn/business/A64723-2000Feb2.html |
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InvestorGuide Daily Administrator |
posted 02-01-2000 06:37 PM
U.S. stock prices rose sharply Tuesday for the second consecutive session, powered by gains in the technology sector, as investors expressed optimism that the Federal Reserve will not hike interest rates aggressively. http://www.cnnfn.com/2000/02/01/markets/markets_newyork |
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uncleharley |
posted 01-31-2000 08:57 PM
Thanks charlie and bob, Something that may be contributing to the strong fundamentals of big banks is the fact that they are big users of high tech equipment such as P C's and network systems and data bases. I read somewhere that the big winners in the tech race will be the users, but I haven't heard a word recently. |
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InvestorGuide Daily Administrator |
posted 01-31-2000 06:33 PM
Wall Street staged a strong recovery after last week's decline, with gains in financial issues lifting the Dow ahead of this week's Fed meeting on interest rates. Certain internet stocks were hit hard even though the Nasdaq rose. http://www.cnnfn.com/2000/01/31/markets/markets_newyork/ |
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charlie1 |
posted 01-31-2000 06:01 PM
Here's a quote that might help clear up the confusion. Guy Truicko, portfolio manager at Unity Management said: "Whatever the outcome of the Fed meeting, investors are focusing on fundamentals and the fundamentals of the very big banks are good now. The money has to go somewhere" |
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bobcobb |
posted 01-31-2000 05:39 PM
uncleharley, I'd also not want to buy auto stock because of the rising oil prices... but maybe the author believes people are moving into them because they are currently selling at really good P/E's or are depressed or some other reason like that. And as far as why they are buying financial stocks... that's as good a question as i've heard recently, but people are apparently doing it. The rate hike is supposed to happen tomorrow, so today almost all the financial stocks went up. Its kind of like sell on the rumor, buy on the news. Maybe they think the selloff over the past month or so in anticipation of the rate hike has made financial stocks a bargain... |
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uncleharley |
posted 01-29-2000 12:24 PM
In cnnfn's article below, the writer states that "many investors are switching from high flying tech stocks to previously shunned groups such as Auto makers, Drug co's, & Financial services." It makes sense to me at this time to sell a weak high tech stock and buy a strong Drug co because historically Drug stocks are less sensitive to rising interest rates. However, historically, Auto makers and Financial services do poorly in an environment of rising interest rates. What am I missing here??? |
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infooverload |
posted 01-28-2000 10:11 AM
Can someone explain to me why when a sector leader (hardware) like Dell makes a less than favorable announcement, it takes down the entire Industry (technology)? If anything, I would expect it to just effect the hardware stocks. And this is not the first time I've noticed this phenomena. It may not have been as exaggerated this time as I've seen it before, but it really seems that single announcements from a single leading company can effect the entire market. |
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InvestorGuide Daily Administrator |
posted 01-27-2000 07:08 PM
Dow and Nasdaq stocks fell in volatile trading as fears of higher interest rates outweighed solid corporate earnings reports. http://www.cnnfn.com/2000/01/27/markets/markets_newyork/ |
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InvestorGuide Daily Administrator |
posted 01-26-2000 06:25 PM
The Nasdaq gave back yesterday's gains as disappointing results from Qualcomm helped spark a sell-off in the technology sector. http://www.cnnfn.com/2000/01/26/smbusiness/jane_col/ |
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bobcobb |
posted 01-26-2000 12:33 PM
Also posted this in the earnings watch folder: About a third of S&P 500 companies have reported their numbers: Quarterly earnings are better than 23% higher than last year's numbers. |
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