Although the market had a good day on Monday, the US dollar fell against the euro ahead of what many are expecting will be a weak report on US retail sales this morning. A weak report would highlight the obvious – a slow and sputtering economy. We could get aRead more
Retail Report Key for Market Today
Energy Conversion Devices Continues Higher
It looks like Energy Conversion Devices (ENER, $51.62, up $3.88) has turned things around after hitting another 52-week high today. The stock was at $35 before the company announced earnings last Thursday and closed that day $15 higher after reporting a profit for its third-quarter and offering strong fourth-quarter revenueRead more
RIMM Hitting New Highs
Research in Motion (RIMM, $141.69, up $8.92) is having a stellar day, hitting an all-time high of $143 earlier in the session. The company unveiled its latest BlackBerry model dubbed, the Bold, which was its first major new model in over a year. The phone is expected to compete directlyRead more
Market Recap
The market took a break from its four-week winning streak and traded lower last week. The pullback wasn’t surprising as investors had little faith the market would break through resistance levels. The fact that oil closed at a record $126 a barrel after making new highs all week was perhapsRead more
What's Wrong With Pfizer?
Nabors Industries Looks Strong
Transocean's Got the Notion
Blowout earnings from Transocean (RIG, $157.40, down $0.45) wasn’t enough to keep the stock from closing at a 52-week high but it didn’t stop the shares from making one. The stock hit an all-time high today reaching $162 before selling-off with the rest of the market. It was pretty muchRead more