Were getting the move. There is two primary ones. Better china trade data, particularly on the exports. Then bank earnings, jpmorgan, lets call it good enough. Thats my phrase. People were expecting downbeat commentary. We didnt get that. That helped move the financials and the overall markets. High cash positions forcing a lot of people into the markets, Short Covering going on. Look at the china trade data. The news on china has been relentlessly bearish for a year. Everybody said, oh, my heavens, maybe the news isnt so bad. Short covering rally and hang seng, up 3 . Japan up, france up, everything up 3 . Thats a nice move for all the global markets. It is spilling over into our markets as well as europe, china trade data, helping things like material stocks, all been strong, so youre steel stocks like midtall, bhp billiton, glen corp. , all those stocks up here. Banks in the u. S. , jpmorgan strong and all of the other stocks in that group up about 4 . Key point here, banks underper
Stuart i was surprised. They owe you money. Sue them. Stuart dagen and, oh, it is yours. Dagen on american. Connell i love peanut butter, myself. Good morning, everybody. Dagen what will the president do to get america back to work. Connell president obama was unable to talk these guys. More importantly, can we keep this up . Dagen a key to a better economy. Keys to your house, a new house hopefully. Connell lets talk about the markets. Nicole petallides starts us off as she does each day with stocks now. Nicole taking a look at a market that really has shown strength over the last seven of the past nine weeks. The dow trading as high as 13,682 prior to pulling back here into negative territory. We are seeing multi year highs. While they see the trend to the upside, they rally to resist it levels. I wanted to take a look. It was lower in the free market. The cfo, chief financial officer, gave an outlook for 2013. It is now trading higher on this conference call. Their wireless margins
EchoStar Co. (NASDAQ:SATS – Get Free Report) traded down 6.4% on Monday . The company traded as low as $17.61 and last traded at $17.61. 481,376 shares were traded during mid-day trading, a decline of 77% from the average session volume of 2,106,296 shares. The stock had previously closed at $18.81. Analyst Ratings Changes Several […]
StockNews.com upgraded shares of EchoStar (NASDAQ:SATS – Free Report) to a sell rating in a report issued on Tuesday morning. A number of other brokerages have also weighed in on SATS. TD Cowen reduced their price target on EchoStar from $39.00 to $38.00 and set an outperform rating on the stock in a research note […]
StockNews.com upgraded shares of EchoStar (NASDAQ:SATS – Free Report) to a sell rating in a research note issued to investors on Tuesday. A number of other research firms also recently issued reports on SATS. Morgan Stanley cut their price target on EchoStar from $14.25 to $14.00 and set an equal weight rating for the company […]