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Top 5 ETFs For The Month Of April
1. Ultra Real Estate ProShares, Symbol URE, up 55.97%
2. Rydex S&P Smallcap 600 Pure Value, Symbol RZV, up 43.01%
3. Direxion Daily Small Cap Bull 3X Shares, Symbol TNA, up 39.96%
4. Direxion Daily Mid Cap Bull 3X Shares, Symbol MWJ, up 34.02%
5. iShares Cohen & Steers Realty Majors, Symbol ICF, up 33.72%
To...
Top 5 Mutual Funds For The Month Of April
1. Fidelity Select Automotive, Symbol FSAVX, up 45.48%
2. ProFunds Real Estate UltraSector Inv, Symbol REPIX, up 44.05%
3. Rydex S&P SmallCap 600 Pure Value H, Symbol RYAZX, up 40.74%
4. Seligman LaSalle Monthly Div Real Est C, Symbol SRECX, up 38.21%
5. Fidelity Select Paper & Forest Prod, Symbol FSPFX,...
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Dow Industrials, up 559.20 points, or 7.35% this month to 8168.12.
* Biggest monthly point gain since May 2007.
* Up for the second month in a row (up 15.65%).
* Best two month gain (in percentage terms) since the start of the last Bull market (two months ended November 2002.)
* Today, it fell 17.61 points, or 0.22%.
* Today’s...
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“The earnings season in general has been better than expected, with 68% of the S&P 500 reporting upside surprises, and we’re three-quarters of the way done,” said Art Hogan, chief market strategist, Jefferies & Co. “A lot of the upside surprises have come from financials, and there we were pretty gloomy coming into it,”...
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The evidence keeps mounting that competing with the Apple (AAPL) iPhone is a losing game.
According to the new JD Power survey of customer satisfaction among smartphone owners, the iPhone beat competition from LG, HTC, Palm (PALM), RIM (RIMM) maker of the Blackberry, and Motorola (MOT). Motorola finished dead last. The only category in which the iPhone...
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Evergreen Solar, Inc. (ESLR) is up 14% today on news of First Solar’s news of tripled profit. Evergreen is holding their conference call at 5pm today. It’s hard to say how strong earnings will be, but if we look back just one quarter, EPS estimates were -.14 and actual was -.32. Let’s look for (ESLR) meeting or beating estimates in...
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On its face, the GM (GM) bondholder counteroffer looks like a better deal for taxpayers than the original one proposed by the administration. Odd, right?
Under the old one, the Treasury would own a 51% stake in the company, and cancel much of its debt. Under the new plan, the bondholders would own the majority of the company, the Union would own a...
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SEQUENOM, Inc. (NASDAQ: SQNM) looks like the newest implosion of a hopeful company. The company was supposed to have the Holy Grail for detection of Downs Syndrome. After yesterday’s close, the company announced that its expected launch of its SEQureDx™ Down syndrome test was delayed. The net effect is far worse than that. And then some.
We...
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* Lenders to immediately fund $1.8 billion facility
* Dubai World dismisses lawsuit filed against MGM
* Dubai World to resume CityCenter payments
* MGM lenders extend leverage waiver through June 30 (Adds CEO and analyst comment, share price)
“Dubai World was concerned that the problems MGM was having at the corporate level would spill over into...
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Well folks the S&P 500 has once again moved back to an area of key resistance, between 875 and 900, so the near-term price action is very important, in my opinion. I am still thinking that a correction is near,
and that the S&P is close to rolling over to below the 800 level. A break above the 886 level, however, which represents a 23.6% retracement...
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Microsoft (MSFT) and Verizon (VZ) are gearing up for a battle with Apple (AAPL). According to the Wall Street Journal, the two companies are in talks to launch a touchscreen smartphone to compete with iPhone. Microsoft executives involved with the project, codenamed “Pink”, are hoping it will enable the company to extend the reach of...
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08:30 Initial Jobless Claims
08:30 Personal Income -0.2%
08:30 Personal Spending -0.1%
08:30 Employment Cost Index 0.5%
09:45 Chicago PMI 34.0
Earnings
Before: FLWS, APU, AZN, BWA, BIO, BWA, BC, BBW, CACH, CPLA, CAH, CELG, CL, CMCSA, COCO, COV, CRY, DLR, DOW, EK, ETH, EXPE, XOM, KBR, KSU, ITG, ICON, K, KIM, ERIC, LOJN, LZ, MGLN, MRO, MSO, MOT, MYL,...
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Dow Industrials, up 168.78 points, or 2.11% to 8185.73.
* Snaps a two day losing streak.
* Today’s top contributors to the Dow’s movement and their point contribution: IBM (16.73), WMT (15.77), BA (13.54), JPM (13.46), CVX (12.50).
* Today’s laggers and their point contribution: VZ (-4.38), T (-1.04), MCD (-0.96), GM (0.00), PFE (0.32).
Nasdaq...
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First Solar (FSLR) reported earnings of $418.2 million in revenue, with an EPS of $1.99 for the first quarter of 2009. That clobbers the street’s expectations of $406 million and $1.51 EPS.
It also released a seperate statement saying it’s “initiated a process to recruit its next chief executive officer to succeed Michael ...
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Bank of America (BAC) shareholders have voted to split the Chairman and CEO roles. The news was just reported by CNBC.
This isn’t just a governance issue: It means they’ve kicked CEO Ken Lewis out of his role as Chairman.
The new Chairman is Walter Massey, who currently serves as a non-executive director.
Filed in: Market News



