Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Week in Review

By

A look back at the week that was.

PrintPRINT



Market Recap

The "Four Sisters" resumed their upward move this week fueled by better than expected earnings. The DJIA reached the 13,000 milestone on Wednesday after a positive durable goods number and a beige book which gave the Street no new surprises.

Friday's lighter than expected GDP figure sent the dollar to new lows against its European counterpart. Gold found its footing after being under pressure for most of the week.

Higher oil hurt the Transports as the group was not able to confirm the latest move higher. However, the tape looks a lot cleaner with the financials beginning to shape up. Looking ahead, next week's jobs report could provide even more fuel to the bull's fire if the employment picture continues to be strong.

In closing, I would like to make an announcement about the release of TAM's Updated Market Theory which provides an analysis of the current condition of the marketplace relative to TAM's Original Market Theory. We encourage you to take the time and read this latest publication. For the PDF version click here.


The Four Sisters Performance




ETF Watch




Top Headlines

IBM (IBM) plans to spend $15 bln in a stock buyback plan to reduce outstanding shares by about 10% (4/25).

AT&T's (T) CEO is set to retire, and when he steps down in June he is poised to receive a healthy pension for $158.5mln (4/27).

Bush is geared to veto any legislation the Senate passes as they discuss a withdrawal date for troops and an exit strategy from (4/27).

The economy slowed as GDP growth was a sluggish 1.3% for the 1Q, the weakest rate of expansion in four years (4/27).

Durable Goods orders rose 3.4% for the month of March to $214.9bln, which exceeded Wall Street expectations (4/26).

General Electric (GE) will consider spin offs as its complex structure has lead to a "frustrating" performance vs. major indexes (4/27).

The buyout binge continues for banks as Barclays (BARC) is set to takeover ABN Amro (ABN) for a cool $87.69bln (4/24).


Earnings Report

The addition of new products led Microsoft (MSFT) to a 65% surge in profits for the fiscal quarter (4/27).

Exxon Mobil (XOM) had its best 1Q ever as it saw a 10% jump in earnings despite a drop in revenue (4/26).

Lower costs on components lead Apple (APPL) to a 21% jump in revenue (4/26).

Texas Instruments (TI) shares rose as it offered an upbeat financial forecast expecting to correct its declining sales (4/24).


Market Movers: Winners and Sinners

< Previous
  • 1
Next >

The information on this website solely= reflects the analysis of or opinion about the performance of securities an= d financial markets by the writers whose articles appear on the site. The v= iews expressed by the writers are not necessarily the views of Minyanville = Media, Inc. or members of its management. Nothing contained on the website = is intended to constitute a recommendation or advice addressed to an indivi= dual investor or category of investors to purchase, sell or hold any securi= ty, or to take any action with respect to the prospective movement of the s= ecurities markets or to solicit the purchase or sale of any security. Any i= nvestment decisions must be made by the reader either individually or in co= nsultation with his or her investment professional. Minyanville writers and= staff may trade or hold positions in securities that are discussed in arti= cles appearing on the website. Writers of articles are required to disclose= whether they have a position in any stock or fund discussed in an article,= but are not permitted to disclose the size or direction of the position. N= othing on this website is intended to solicit business of any kind for a wr= iter's business or fund. Minyanville management and staff as well as co= ntributing writers will not respond to emails or other communications reque= sting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

 

 

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE