Tag Archive: kodak

Stocks Rally For Columbus Day

Stocks Rally on Columbus Day

by Danilo Rizzuti

Today turned out to be a great start of the week. The stock market rallied like there was no tomorrow. Most stocks saw decent gains, although some did see drops due to bad news. The rally came after France and Germany pledged to come up with a plan to help the banks of the region. Only the pledge has been made so far, I can’t wait to see what they have planned to help Europe get out of the economic depression. I also hope that they do something soon.

The Dow Jones gained almost 3%, or 330 points today. The Dow finished off at over 11,433. We are back where we were about two or three weeks ago. It’s almost as if we didn’t really go anywhere. But at least we are not where we were last week, about 400 points below the 11,000 mark.

The NASDAQ Composite gained 3.5% or 86 points. Finishing off at 2,566. The S&P 500 gained 39 points, or 3.4% finishing off at 1,194. And the NYSE gained over 247 points or 3.58%. The NYSE Finished off at 7,173, finally over the 7,100 mark once again.

Apple (AAPL) is one of the stocks to have seen a decent gain today. Apple stocks rose more than 5.1% today, or just over $19 a share. Apple is slowly bouncing back after the slight drop it saw after the passing of its co-founder, Steve Jobs last Wednesday.

But not all stocks saw gains. Sprint (S) is still in trouble. It reached a new 52 week low today at $2.10 per share. It dropped almost another 8% today after dropping several percentage points at the end of the last market week. Hopefully Sprint bounces back and it most likely will. Sprint stocks are very cheap now and investors could use this opportunity to buy low.

Netflix (NFLX) is another stock that is still suffering. Even after they announced scraping the plans for Qwikster, which was supposed to separate the DVD rental and Online streaming services from Netflix. Netflix Stocks dropped another 4.77%, or $5.59 a share. Currently, Netflix costs just $111.62, almost $200 a share below it’s 52-week high just a few months go.

And the last stock mention of the day is Eastman Kodak (EK). Kodak has had issues recently and at one point, their stocks were worth almost $0.50 each. Now they are holding steady at around $1.40. I still think that Kodak will pull out and become one of the great stocks that it used to be. Investors who are putting their money into the company now will probably benefit the most.

Today was a great day for the stock market. Lets hope that the momentum continues to tomorrow. This momentum push could help us get to the aimed 12,000 mark with the Dow very soon. I know the market is very volatile now and investors could start selling tomorrow to cash in on today’s rally, hopefully that doesn’t happen and investors keep investing. I also hope that more good news keep coming out of the global economy.

I hope you enjoyed Columbus Day. And if you are in Canada, Happy Thanksgiving To You!

Stock Markets go up on expectation

by jscreationzs

Earlier today it seemed as if the stock market would see another day in the red, adding to the losses it already incurred over the past few market days. But hopes for recapitalization of European banks allowed for a late day come back. Nothing official has been done yet, all that was announced is that financial leaders are working on it. So there you have it again, ‘hope’ and mentality can go a long way when it comes to the stock market’s status.

So the expectations of people regarding the European banking system has gone up. Everyone is expecting the banks to be recapitalized by whatever plans their financial leaders have in mind. Hopefully it works out for the best and everyone comes out of debt without a problem. This will definitely help Greece out as well and if everything goes to plan, we could be out of the recession soon.

The Dow Jones today was losing earlier. But at the end of the market day, the Dow saw a gain of more than 153 points, finishing off at 10,808. We are still a few hundred points from the 11,000 mark that we left behind in the past few market days. Today was definitely a good turnout for the Dow.

The NASDAQ Composite saw a gain of almost 69 points or almost 3%, finishing off at 2,404 points. The S&P 500 saw a gain of more than 24 points, finishing off at 1,123, once again over the 1,100 mark. And the NYSE gained more than 148 points finishing off at 6,722.

Most stocks saw gains today however a few did lose. Eastman Kodak (EK) saw a loss of more than 16% or $0.22 per share. It wasn’t a huge drop but as expected, yesterday’s increase of more than 71% gave investors a good opportunity to sell with a big profit. This definitely does not mean that Kodak is out of trouble yet. They still have tons of work to do and if they can find a decent amount of investors, I am sure they will be able to get out of their financial crisis without a problem.

Today was a good turnout at the end of the market day. I am glad to see things bounce back at the end. The market may have seen even bigger increases if the news about Europe’s banks came in earlier. It definitely would have had more time to go up in value.  But I’m not complaining, at least some good news came.

There are still three days left for the market week. What do you think will happen to the stock market? Do you think it will keep going up? Or drop like it did last week?

Today is the last day of the month and the third quarter of 2011. Unfortunately, we are not where we would like to be at this time in the economy. Overall, the third quarter wasn’t impressive at all. Compared to last quarter, the stock market is down. And over the past few months, issues in Europe, particularly in Greece, made it much harder for the economy to recover.

The Dow Jones today feel more than 240 points. We finished just over the 10,900 mark. I was hoping that we would stay over the 11,000 mark as the quarter came to an end just so we would have fewer steps to hit the 12,000 mark.

The NASDAQ Composite finished at 2,415 after a drop of more than 65 points, or 2.63%. The S&P 500 dropped 2.5% of its own, or almost 29 points, finishing off at 1,131 points. And the NYSE Saw a drop of more than 183 points, also a 2.63% drop, finishing off at 6,791 points.

The European and Asian markets also ended in the red. The Nikkei 225 stayed nearly flat.

Kodak Plummets below the $1 per share mark

from Yahoo! Finance

Gold saw a small increase from yesterday, but only an increase of $4. Current price of gold is $1,624 an ounce reaching a low of $1,609 an ounce earlier today.

Eastman Kodak Company (EK), also known as just Kodak suffered a huge loss today. Kodak has been experiencing financial trouble for some time thanks to the economy. Today, Kodak stocks dropped more than 53%, or $0.91. Current price of Kodak is just $0.78 per share. It hit a new low earlier today of $0.54 a share. I don’t think that Kodak shares have ever been this low in the many decades it has been around.

If Kodak keeps plunging, they may go bankrupt. It will definitely be a sad sight to see a company that has been around for what seems like ages, just go away. I hope that they resolve everything soon. And of course, now may be the perfect time to invest in Kodak since it has basically become a penny stock. If you do invest, be aware that it is a very risky stock at the moment.

Tomorrow is October 1, 2011, and it marks the final quarter of 2011. The Holidays are coming up and we should see increases in the stock market during the time like we usually do every year. I do hope the issues in Greece is taken care of soon because I believe it has been dragging on for far too long and it needs to come to an end.  I also hope Kodak makes it out okay and finds a decent amount of investors to get the company back on track.

What are your thoughts on the disappointing quarter that we have seen the past three months?