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Financial News USA
Feb 22


Summary Box: IBM and Microsoft power Dow's rise and Daily ETF Roundup: UNG Jumps On Cold Weather, XHB Falls Despite Upbeat Housing Data
News - Financial News
EARNINGS: IBM and Microsoft drove the Dow Jones industrial average higher Friday after the tech giants reported stronger earnings than analysts expected. TECH-POWERED: Microsoft rose 6 percent and IBM rose 4 percent. The Dow rose 96.50 points to close at 12,720.48. Without the huge gains in IBM and Microsoft, the Dow would have risen just 24 points. The three major stock indexes ended the week higher. GOOGLED: Google lost 8.4 percent after its earnings per share fell a dollar short of analysts' estimates. The misfire stemmed from an 8 percent drop in prices that the Internet search giant charges advertisers for each click. [Read the full article]

Today marks the end of a major earnings week with stocks managing to finish out the day relatively flat. The S&P 500 finished up by less than a point, while the Dow tacked on 96 points for the session. Today(TM)s flat finish means that the S&P will close out a week above 1,300 for the first time in nearly six months, sparking some investor confidence across the board. Though this trading week was shortened by the Martin Luther King Jr. holiday, the S&P 500 was still able to gain 2% in the four open days on the week. As for commodities, Friday saw gold continue its steady rise as the precious metal is now above $1,660/oz. Oil, on the other hand, lost over 2% to finish just over $98/barrel [see also Three Reasons Why Gold Is Overvalued].Earnings were thehighlightof the week, as a number of major financial institutions released announcements with a mixed bag of results. [Read the full article]

Stocks tend to be most volatile around earnings season, when a good or bad report can make or break it. However, a good or even great earnings report doesn't necessarily translate into a huge pop for a stock.During earnings season, BullMarket.com publishes a comprehensive 20- to 30-page Earnings Preview report for the week ahead each Friday.Over the past year, BullMarket.com used the data it has collected to correctly predict investor reactions for approximately two-third of the stocks it's previewed.In its latest earnings preview, BullMarket.com looks at several popular stocks, including Apple (Nasdaq: AAPL - News), Starbucks (Nasdaq: SBUX - News), Caterpillar (NYSE: CAT - News), Netflix (Nasdaq: NFLX - News), EMC (NYSE: EMC - News), Coach (NYSE: COH - News), Sandisk (Nasdaq: SNDK - News), and Potash Corp. [Read the full article]

Traders work on the floor of the New York Stock Exchange January 20, 2012. REUTERS/Brendan McDermidNEW YORK (Reuters) - Stocks rising, bulls rampant are motifs you might pick if designing a coat of arms for Wall Street at the moment. But the motto should read: Caveat emptor. Yes, buyer beware.The S&P 500, a broad measure of the market valuation of the biggest U.S. publicly traded companies, is up 20 percent from its October closing low. It keeps climbing on a mixed bag of fourth-quarter earnings, improving U.S. economic data, and easing credit conditions in Europe. It now stands at its highest level since early last August.We have already seen what is probably the first upgrade of a target level for the index this year courtesy of Credit Suisse.The CBOE Volatility Index, or VIX (Chicago Options:^VIX - News), a measure of what investors are paying to protect themselves against the risk of losses, is at its lowest level in seven months. [Read the full article]
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