Just because a deal gets done that doesnt mean it will make sense. The dow finished flat, s p advanced 0. 7 , we need to address the merger mania because this market was dominated by deals today. Both real and imagined before we get into the weeds let melee out my position for you. I love mergers and acquisitions. The higher the stock market goes and it reduces the supply of stock floating around and anything that takes out supply is good news even if its applied to buy backs, however, i dont love speculating on mergers and acquisitions especially when acting on a tip as always, i say tips are for waiters if youre not for sure a deal is coming, Accurate Information is illegal. If you dont know, then youre just gambling. My rule of thumb never bet on a stock because of the speculation, only buy a stock of a company with healthy fundamental. Any potential deal activity lets say thats gravy which brings me to todays action this morning david faber reported that xerox wants to buy hp ink w
Dow gain 42 points nasdaq climb 2. 5 per, usual records highs. Each day with get a stock that seems to ignite and then captures the fancy of investors and provide the leadership that make succession so exciting and yes, lucrative at least if you happen to own it in fact, you know what, im an angler and theres a tar pine festival in july next year this is like fishing, catching a 40 inch fish every day, each different than the day before. Take todays catch, markecdonal. Not that long ago this to be was knocked down, that created a panic, even as it seemed out of contractor with the slow and steady wins the race performance of ceo steven. Now the stock has broken out unless you call that will veggie burg they released in europe something, the stock climbed to a 2. 5 high the next thing you know the analysts will be inventing reasons why it went up so they can recommend the stock tomorrow having analysts pound the table doesnt hurt even if they are gemmed up. Everyone loves a winner but t
Benefits nationwide . All that and more tonight on nightly Business Report for wednesday, december 4th. Good evening everyone. Its four in a row. The dow and s p fell again today backing away from last weeks record setting highs. Blame it on a new bach of positive reports on jobs, housing and the upbeat survey on the economy. The take away for investors, the fed will taper back stimulus plans and that might not be good for the markets. All this comes just two days before the release of the monthly jobs report. A key data point for Central Bank Policy makers. Its no wonder stock averages between gains and losses and finally ending mostly in the red for the day. The dow lost 25 but down as much as 125 earlier in the day and the nasdaq edged up a fraction and s p fell two points. The same concerns about the feds next move sent the yield on the benchmark treasury note above 2. 8 , the highest since september. How does the Federal Reserve see the economy right now as it prepares for the nex
Wednesday, december 4th. Good evening everyone. Its four in a row. The dow and s p fell again today backing away from last weeks record setting highs. Blame it on a new bach of positive reports on jobs, housing and the upbeat survey on the economy. The take away for investors, the fed will taper back stimulus plans and that might not be good for the markets. All this comes just two days before the release of the monthly jobs report. A key data point for Central Bank Policy makers. Its no wonder stock averages between gains and losses and finally ending mostly in the red for the day. The dow lost 25 but down as much as 125 earlier in the day and the nasdaq edged up a fraction and s p fell two points. The same concerns about the feds next move sent the yield on the benchmark treasury note above 2. 8 , the highest since september. How does the Federal Reserve see the economy right now as it prepares for the next policy meeting next month . Steve liesman looks at the beige book survey and
Nightly Business Report for wednesday, december 4th. Good evening everyone. Its four in a row. The dow and s p fell again today backing away from last weeks record setting highs. Blame it on a new bach of positive reports on jobs, housing and the upbeat survey on the economy. The take away for investors, the fed will taper back stimulus plans and that might not be good for the markets. All this comes just two days before the release of the monthly jobs report. A key data point for Central Bank Policy makers. Its no wonder stock averages between gains and losses and finally ending mostly in the red for the day. The dow lost 25 but down as much as 125 earlier in the day and the nasdaq edged up a fraction and s p fell two points. The same concerns about the feds next move sent the yield on the benchmark treasury note above 2. 8 , the highest since september. How does the Federal Reserve see the economy right now as it prepares for the next policy meeting next month . Steve liesman looks a