This morning, the market opened higher, encouraged by M&A deals. Xerox (XRX) announced a $6.5 billion deal to buy ACS. XRX shares dropped 14.48% while ACS jumped +14.%. Abbott Laboratories (ABT) said it would pay $6.6 billion for the pharmaceutical business of Belgian chemicals maker Solvay. ABT shares traded higher by +2.64%. The financials responded [...]
Category Archives: AXP
M&A Deals Boost Stocks: SPX, Nasdaq, XRX, ACS, ABT, GS, HIG, AXP, PRU, BLK, CME, ICE
September 28, 2009 – 8:12 pm
Learning When NOT To Trade
August 18, 2009 – 4:42 pm
This morning both TGT and HD gave buyers some incentives to come back into the market. Both companies reported better-than-expect earnings. TGT shares jumped +7.55% while HD added +3.14%. The market was strong right from the open and finished near the day’s high. Financials were strong after upgrades on GS and AXP. GS rose +2.05% and [...]
Market Rally Continues! SPX, Nasdaq, CIT, HGSI, TXN, LM, JDAS, V, MA, AXP, FCX, X, BTU, RTP
July 20, 2009 – 4:35 pm
After hearing that CIT managed to secure a financing deal, the market opened higher. Commodity sectors led the charge (see Sector Watch from last night’s article). Miners were especially strong: FCX added +2.7% (earnings tomorrow morning); X jumped +5.51%; BTU was up +5.04% (upgrade today); RTP hopped $6.5! Credit card companies also traded higher: V [...]
Nasdaq At New Height Since October 2008! SPX, Nasdaq, IBM, GOOG, JPM, GS, SNDK, STEC, FCX, X, CNX, MEE, AXP, V, MA
July 16, 2009 – 6:03 pm
The market spent most of the day trading flat. But, in the late afternoon, there was a surge of buying just before IBM and GOOG’s earnings reports. This morning, JPM reported a 36 percent jump in second quarter profits, but, its shares traded flat. On the other hand, GS pushed higher in the afternoon, and [...]
Market Bounces After Weak Open: SPX, Nasdaq, GS, V, MA, AXP, PRU, LFC, CELG, AMGN
July 6, 2009 – 5:08 pm
The market opened on the weak side this morning, continuing the slide from last Thursday. We cashed out our call play on SKF for a +49% gain. This trade was opened last Thursday and closed today: July 02, 2009 12:04 | HappyTrading SKF ($44.20) Bought to Open SYJGR Jul 45 calls, at $2.35 July 06, [...]
Bank Stocks Up After Stress Test (Part I)
May 7, 2009 – 2:01 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Just a quick note after the official release of the Bank Stress Test. Here are some stocks jumping in after-hours: BAC STT (no addtional capital needed) GS C (less additional capital than expected) FITB HBAN PNC HIG AXP (no addtional capital needed) USB (no addtional [...]
Market Hangs On To Gains: SPX, Nasdaq, X, NUE, STLD, AXP, RIMM, YHOO, NSC
January 27, 2009 – 5:11 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market showed modest strength today bouyed up by commoditiy-related sectors as steel companies reported strong earnings. X, NUE, STLD all reported better-than-expected earnings and saw their shares rise +6.89%, +6.25%, and +15.04%, respectively. AXP also jumped, nearly +10%, on its quarterly report from last [...]
Market Ends Up, Barely… SPX, Nasdaq, NE, DO, RIG, NOV, AXP, TXN
January 26, 2009 – 4:21 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market was strong in the morning, but, slipped back into the red in the afternoon. It did finally managed to close with small gains. Energy stocks were strong today, especially oil services: DO +3.51%; NE +8.35%; RIG +4.94%; NOV +2.55%. This group has been [...]
Commodities Bounce! SPX, Nasdaq, POT, MOS, AGU, HES, CLR, SLB, FLR, MEE, PCX, AAPL, TXN, AXP
July 21, 2008 – 5:25 pm
The market was pretty flat all day. Financials and techs took a breather, while commodity-related sectors bounced. Metals, energy, oil, and agriculture were all strong today. MOS led the fertilizer group, rising almost $12, or +9.38%; POT added +6.52%, and AGU gained +6.56%. In the energy sectors: HES went up +6.26; CLR rebounded +5.04%; SLB [...]
Review 1/28/08: SPX, Nasdaq, CME, NMX, VMW, AXP, WYNN
January 28, 2008 – 6:01 pm
The market opened lower this morning with disappointing new home sales data. But, the market climbed higher all day to close at the day’s high! This weekend, I said in my weekly Market Forecast, “For the new week, I think Monday is going to be very important. The market needs to close above the 10-day [...]
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