Fundamental Views

Closing Print: U.S. Equities Edge Higher; Initial Jobless Claims Fall to 282K

(Global FX Club) U.S. initial jobless claims through the 4 week moving average tumbled 3,000 to 281,000 in the week ending April 04, 2015. Economists previously forecasted a gain of 285,000 amid the week’s previous reading of 268,000. It is worth noting that this release is also in line with the 200,000 – 250,000 gain Read More

Stocks Eke Out Gains After Divided Fed Fuels Choppiness

NEW YORK (TheStreet) — Wall Street was as divided as the Federal Reserve on Wednesday as stocks struggled for direction after U.S. central bank’s March minutes showed a lack consensus about about when to begin normalizing monetary policy. Benchmark indexes finished in the green but not before the Dow Jones Industrial Average and S&P 500 briefly dipped Read More

FedEx Bids $4.8 Billion for TNT Two Years After UPS Deal

FedEx Corp. agreed to buy Dutch parcel-delivery company TNT Express NV for 4.4 billion euros ($4.8 billion), predicting it can succeed where bigger rival United Parcel Service Inc. was blocked by regulators in 2013. TNT investors will receive 8 euros a share in cash, 33 percent more than the closing price on April 2, the Read More

GOLDMAN: One reason the jobs report could be great and 4 reasons it could stink

Friday is jobs day. In a note Thursday, Goldman’s David Mericle forecast that employers added 220,000 jobs in March, down from 295,000 in February, and the unemployment rate stayed unchanged from February at 5.5%. Mericle highlighted the one reason why the jobs report could beat expectations: Recent trend. Payroll gains have averaged 288k/293k/275k over the last Read More

Asian stocks sag, dollar falls vs yen as Nikkei recoils

(Reuters) – Asian stocks were mostly lower on Wednesday, taking their lead from weaker U.S. shares, while the dollar slid against the yen as Tokyo’s Nikkei recoiled in volatile trade. As share volatility rose, spreadbetters forecast a significantly lower open for Britain’s FTSE.FTSE, Germany’s DAX .GDAXI and France’s CAC .FCHI. Crude oil prices continued to Read More

Stocks lower in choppy trade with Dow off 100 points

U.S. stocks traded lower on Tuesday, following the prior day’s major gains, as investors eyed economic data and the end of the first quarter. The Dow Jones industrial average fell more than 100 points as all the major indices declined about half a percent. “I think everyone’s nervous about what’s coming this quarter. To me Read More

S&P 500 Clings to Quarterly Gain After Worst Week Since January

(Bloomberg) — U.S. equities capped the worst week since January, with the Standard & Poor’s 500 Index clinging to a ninth straight quarterly advance amid a run of futility not seen in 20 years. The S&P 500 tumbled a week after it closed within 0.5 percent of an all-time high on speculation the Federal Reserve Read More

Biotech Stocks Are Selling Off Just Like 2014 — and That Might Be a Good Thing

NEW YORK (TheStreet) — Biotech stocks started the year red hot, but as spring approaches, the sector isrolling over. Selling begets more selling. Concerns about drug pricing and absurd valuations dominate the conversation. Columnists write stories about a bursting biotech bubble. A gloom settles over the biotech sector. People wonder if this is the end. Read More

Wall St. falls; biotech, technology push Nasdaq down

(Reuters) – U.S. stocks dropped on Wednesday as a slump in technology and biotech shares sent the Nasdaq to its biggest decline in almost a year, while the S&P 500 fell through key support levels. The Dow Jones industrial average .DJI fell 291.34 points, or 1.62 percent, to 17,719.8, the S&P 500 .SPX lost 30.4 Read More

Twitter Breaks to 5 Month High; Ebay rises to $59.36

NEW YORK (TheStreet) — Shares of Twitter (TWTR -Get Report) were gaining 5.8% to $51.27 Tuesday afternoon on heavy trading volume. About 26.9 million shares of the social media company were traded by 2:16 p.m. Tuesday, above the company’s average trading volume of about 19.7 million shares a day. Twitter recently announced that it is Read More