Tag Archive: qwikster

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 Market Remains Flat

by worradmu

Wall St showed gains early in the trading day but everything flattened down by the end. Investors are waiting to get news from the Federal Reserve to see if they will provide an economic stimulus to aid in the recovery process. Investors are also waiting to hear back from Greece and the talks they have been having in order to avoid a default. Investors want to see progress on all sides before making hasty decisions about investing. As a result of this, the stock market didn’t see massive gains or massive losses.

The Dow Jones was the only one from the major indexes in the US Market not to have gone down, however they only gained less than 8 points, which is basically close to nothing. They are still over the 11,400 mark but not by much.

The NASDAQ Composite lost just over 22.5 points while the S&P 500 lost only 2 points. The NYSE lost over 17 points.

Although the stock markets showed early signs of life, early signs of what could have been a big rally, it was quickly stopped by the time the market session came to an end. Most stocks showed no change however Netflix is another story.

Netflix (NFLX) dropped another 9.5% today, or $13.72 per share. As predicted yesterday, Netflix has continued to drop. The negative momentum from yesterday after their news regarding Qwikster carried over to today and it has cost them even more money. Netflix has reached a new 52 week low hitting $129.37 earlier today. Currently the stock sits in at $130.03 per share. Netflix shares have dropped about 55% since their original announcement of price increase for their product back in July. That’s a huge drop for any company and I was actually surprised to hear their new announcement yesterday regarding Qwikster.

So will Netflix stocks bounce back up? Or will Netflix stocks keep dropping?

I think for now, the downward momentum is still strong for them. Since it dropped almost 10% today, it may continue over to tomorrow (or for another few days). But remember, Investors love to buy low and they could use this opportunity to invest in a company that dropped in price by more than half because Netflix still has potential to go back above the $300 mark with ease.

Anything can happen. Today was very uneventful in terms of the stock market as a whole. Nothing was too crazy and everything was pretty flat. If good news comes out tomorrow, we can most definitely expect a rally but if bad news comes out, like Greece failing progress about their default, we could very well be on our way into another recession. But for now let’s think positive.