Tag Archive: goldman sachs

Stock Market's Rally For 4th Straight Day

by Idea go

The Stock Market rallied once again today seeing gains all over the world. The rally followed the ease of tension from Europe, more specifically, Greece. Today was definitely a great day for the stock market in most sectors. Not all stocks gained today, some lost pretty big, like the title suggest, Netflix lost huge. But overall, it was a great day. Today marked the 4th consecutive market day where the stock market went up. We still have one day left, we’ll have to see if we can keep the streak  up and have this week be “undefeated” in a way.

The Dow Jones Industrial Average saw a gain of more than 186 points, finishing at over 11,433. It is once again getting closer to the 12,000 mark that we have been going towards for weeks. Every time, something happens in Europe or Asia, or even here in the US that messes things up and sends the stock market hurdling downwards.

The NASDAQ Composite gained more than 34 points finishing at over 2,607. The S&P 500 gained more than 20 points finishing at over 1,209 points. And the NYSE gained almost 130 points, finishing at over 7,329.

In Europe, the DAX saw gains of over 168 points, which is more than a 3% increase. The CAC 40 gained over 96 points, more than 3.2% increase. And in Asia, we have the Nikkei gaining more than a 150 points.

The stock market rallied all over the world. But as the title points out, not every stock saw gains. Netflix saw huge losses of almost 20 percent after they reported losses in subscribers and their new increasing pricing. Netflix dropped almost $40 per share, which is more than 19% (market and after hours trading combined). Currently, Netflix is sitting at $169 per share. It is pretty close to its 52 week low of  $140.

Netflix (NFLX) is a strong stock in my opinion. I have kept my eye on it for years and unfortunately, I never invested in them. When I first laid my eyes on them, they were worth just over $50 a share. Then I watched the stock go up and up and up until it surpassed the $300 mark and I did regret not purchasing. I definitely didn’t know When the right time would be to invest in that stock.

Since Netflix (NFLX) is a strong stock, it will bounce back up just as quickly. Sure they may have lost a lot of subscribers, but the drop of 20% from the market price will attract investors who wants to buy low to sell high. The opposite can also happen, it could keep dropping because investors believe that Netflix will keep losing subscribers due to their new pricing. I don’t know what will happen, anything I say with any certainty will only be speculation.

The Banking sector today saw big gains. Citigroup (C) saw gains of more than 4.3% and Bank of America (BAC) saw gains of almost 4% itself. JP Morgan Chase (JPM) as well as Goldman Sachs (GS) saw gains of more than 3%.

The gains in the sectors allowed the stock markets to rally. Not all sectors went up easily, the Solar Energy sector went down for the most part but not too significantly today.

Today marked the 4th straight day of positive marketing. This could be a good sign for the future of the stock market. Lets hope that the momentum continues onto tomorrow and next week. We have seen enough red in the stock market this year and I believe it’s time to come out of the slump. As I said before, mentality can play a huge role in how the stock market does. So lets keep the positive thinking up as both investors and consumers and help the global economy out of its recession!

Feel free to share your thoughts on the rally that we have been seeing. Do you think it will last? Or do you think it will drop?

Stock Market Going Up and Down Today

by jscreationzs

Earlier today, it seemed as if the momentum of the stock market has stopped for a bit. The Dow Jones Industrial Average was as low as 11,429 today, more than a 100 points below its previous closing price of 11,539. Even with the big swings today, the Stock market finished at a positive with the Dow Jones gaining just 20 points, finishing at 11,559.

The NASDAQ Composite gained just 14 points, finishing off at 2,576. The S&P 500 gained less than 3 points finishing at 1,212. And the New York Stock Exchange (NYSE) finished at $7,462 with a gain of 13.7 points.

It was a fairly slow day in terms of gains for the overall stock market. Most of the banks in the banking sector went down in value including Citigroup (C), Huntington Bancshares Inc (HBAN), JP Morgan Chase (JPM), Bank of America (BAC), and Goldman Sachs Group (GS). They’ve all dropped, but not that much. The drop in the banking sector contributed to the very slow and small gains of the stock market today. The Volume of trades were also low throughout the stock market today. But it could be just the world slowing down for today. I believe that the next three days of trading will be better, well at least I hope it will be better.

After my report yesterday, Gold price was at a steady $1,786 an ounce. Today, it saw a bit of juice as the stock market was going up and down all day long. Currently, Gold is standing at $1,838 an ounce. It gained just over $52 an ounce since yesterday. Slow gains in the stock market usually means a decent gain in Gold. I’m sure gold would have been higher today if the stock market stayed in the red all day. And I am still sticking to what I said yesterday, I still believe the overall average price of Gold will continue to decrease over the next few months. The economy is still recovering and there has been talks of more economic stimuli to come our way which will most definitely help the economy grow a little faster.

Even with the volatile stock market today, we saw small gains. I am thankful that we saw gains. We need to keep the green streak going and keep the momentum up. A positive attitude about the growth of the economy and what we can do to stimulate it can go a long way. Today was a slow day, hopefully the rest of the week sees some more action and sees more green!