Tag Archive: jp morgan

Unfortunately, the momentum from last week’s stock market rally did not carry over to this week. We start this week in the red after the stock market dives almost everywhere.  The dive comes after worries about Greece reemerges as people speculate that Greece will default. If they default, they will stop all payments to their lenders and stop making bond payments. It will hurt banks and it will send a shockwave throughout the Global Economy and we can most definitely look to seeing it in the US Markets.

I am hoping that this doesn’t happen because if it does, it’ll undo everything good that we have experienced last week (and perhaps more). The last thing we need right now is a country defaulting and sending stocks around the globe plummeting.

As for today, the Dow Jones dropped more than 108 points, sticking just over the 11,400 mark. The NASDAQ Composite dropped less than 10 points. You may think it’s not so bad, but it still dropped. The S&P 500 dropped almost 12 points while the NYSE dropped more than 113 points.

Today definitely was not a good day for the market, but we have seen worse. The markets were really down earlier today but the fact that it bounced back up a little shows that investors haven’t lost complete faith in Greece or the global economy. I believe that things will bounce back up. Like always, the market will fluctuate, there isn’t much that we can do, we can only try to predict but that’s harder than it sounds.

Out of the stocks hit hardest, the banking sector took a big hit today. Citigroup (C) dropped $1.28 per share or more than 4.4%. Bank of America (BAC) Dropped $0.24 or about 3.3%. JP Morgan Chase dropped more than 2.8% or $0.94 per share. The banking sector last week saw big gains and a lot of it has been undone in today’s fall. But not to worry, things will go back up as investors use this opportunity to buy low in order to sell high later in the future.

So What is Qwikster?

The Title asks the Question, what’s Qwikster?  Sounds like a service my Internet Service Provider provides that gives a speed boost. But no, it’s not that. Qwikster is Netflix’s (NFLX) new thing. Netflix earlier announced that they will be splitting up their service. Currently, you can stream movies over the internet and order DVDs by mail on the same plan. But now, you have to get them separately. If you only want DVD service, that’s when you go with Qwikster and if you want to stream your videos online, you sign up for Netflix.

Netflix Drops 7% on Monday September 19

by Yahoo! Finance

So how did this go for Netflix (NFLX) today? Not very well. The announcement sent Netflix stocks plummeting again. This time it dropped more than 7.3% or $11.44 per share today. It dropped another 1.77% or $2.55 per share in after hours trading. This drop sent Netflix dangerously close to its 52 week low of $140.02. Currently it’s price is $143.75 (not taking into account its drop after hours). This news will carry over into tomorrow and we can expect Netflix to see another drop in their stocks. They will most likely set a new 52 week low because investors are basically losing hope.

They have lost more than 50% of their market share in the past few months after announcing a change in pricing so what’s Netflix thinking?  They’ve lost about $8 billion after everything that has happened since their first announcement in July and it doesn’t look like they are done. I guess they are hoping people will adapt to their changes and come back to them in the future. I think they will get exactly what they want, but it will take some time. They have to allow people time to get  used to the changes.

Whatever happens, I still think that Netflix is a very strong stock and they will bounce back. As this stock which at one point was over $300 goes closer to $100, investors will look at this opportunity to buy low which should increase the stock prices. And as people get used to Netflix’s new prices and features and whatever Qwikster hopes to accomplish, I think they will start regaining subscribers and will still remain the top company in its field with ease.

Even if the stocks rallied today, Netflix would have gone down. And today wasn’t as bad as it could have been. I’m glad the losses were minimal and hopefully some good news comes out of Greece tomorrow. I know good news will send stocks rallying all over again and that’s exactly what we need in order to set aim for the 12,000 mark.

What are your thoughts on Netflix? What about Greece?

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!

This is a followup post of the article from earlier today titled “Market Falls as Reports Come in of Lower Home Prices.”

Earlier today, it seemed that the momentum from yesterday would not carry over, that the rallying of the stock market was over. But today, it showed us that the stock market isn’t done. After my last article here, the Dow Jones rallied and finished with a gain of almost a 144 points totaling to 11,320. It’s getting closer and closer to the 12,000 mark, a mark we haven’t seen for some time.

The NASDAQ Composite increased just under 22 points, finishing at 2,467. The S&P 500 finished with a gain of 15 points at 1,177. And the New York Stock Exchange finished at 7,273 with a gain of 63 points.

Steep Gold Price Drop

Gold Price Drop by Yahoo! Finance

While the stock market rallied, the price of gold kept on dropping. Currently the price of gold is roughly $1,758, dropping an additional $26 from our last report here on Stocksicity. To the left you see a graph that shows you just how steep the drop has been for gold. And if the stock market’s momentum carries on to tomorrow once again, we could see the price of Gold keep dropping as investors start putting their money in stocks rather than Gold. As always, some investors could use this as an opportunity to buy gold for a discount compared to earlier this week. If I had the money to purchase large sums of gold, I personally wouldn’t. I believe that this is a bubble and once the market gets better (and I believe it will soon enough), the price of Gold will keep dropping and eventually get to a level we haven’t seen for several years.

The banking sector did pretty well today. Citigroup (C) showed an increase of more than 4% which Bank of America Corporation (BAC) saw a rise of almost 11%. JP Morgan Chase (JPM) saw an increase of just over 3%.

Apple’s stock originally rose $2.58 during the trading day. However, after the market closed, it was announced that CEO Steve Jobs has resigned from his post at Apple. He left his post to Chief Operating Officer Tim Cook. As a result of the news, Apple stocks plummeted more than 5%, or almost $20 per share,  in after hours trading. The news should sink in over night and the value of Apple should go back up to balance itself out over the next few days. But this requires Tim Cook to make a good presence at Apple. He has to show everyone that he is the right person for the job. I have no doubt that he is the right person for the job. For Apple’s sake, let’s hope that he can fill the shoes of Steve Jobs.

I am glad the market turned around in the afternoon. I would have hated to see the stock market do so well earlier in the week just to go through a steep drop the next day. I also hope that the stock market’s momentum carries onto tomorrow and the stocks rally again. We are still hopeful for what Bernanke has to say in his announcement on Friday. If it’s a good one, I think we’ll be seeing more greens in the stock market next week as well.

As I predicted at the end of last week, when the stock market goes down heavily in a short period of time, it’s due to bounce back to correct itself. The Stock Market today sees a small gain, unfortunately, the gain is very small.

The Dow Jones Industrial Average increased just 37 points at the closing bell, increasing to 10,854. It is still under the 11,000 mark. It actually saw the 11,000 mark today with a day high of 11,020. When it hit the 11,000 mark earlier today, it seemed as if the market will keep rallying, but tensions in the economy, especially in the financial sector, has brought things down.

The Nasdaq Composite only gained just over 3 points today. And the S&P 500 gained just 0.28 points.

But what about Gold?

The price of Gold Rallied once again reaching almost 1,900 points at today’s high. It balanced with a gain of about 45 points for a total of $1,889 an ounce. It’s incredible how quickly Gold has risen this year. Many are claiming that it’s just a bubble and that it will burst sooner or later. The price of Gold is increasing too high, too quickly and these claims may be correct. In fact, today, Gold has seen a huge drop earlier in the day. It dropped below $1,700 and for a moment, it seemed as if it’ll keep going down. But it rallied back up just as quick.

The following graph is provided by Yahoo! Finance. This shows the huge drop in Gold price earlier today, makes the whole graph look ‘V’ shaped. I would not be surprised if the price of Gold keeps going up and eventually hits $1,900 an ounce this week. I do believe that this is a bubble and that it will burst. But I also believe that this bubble is looking strong and sturdy and it may keep growing through the coming weeks.

Price of Gold Graph

Price of Gold Graph

The banking sector isn’t really helping the economy. Bank of America (BAC) dropped almost 8% today coming near it’s 52 week low of $6.31 per share. JP Morgan Chase (JPM) dropped 0.94 points or almost 2.75% for the day. JPM reached it’s 52 week low earlier today. Citigroup (C) dropped an almost 3% as well and just like Chase, it has reached its 52 week low earlier today.

Even with the Stock Market seeing Green overall, certain companies and stocks have limited just how well the stock market has done, or should have done today.

Some stocks that have helped the stock market go into the green include Hewlett Packard (HPQ) which increased 3.6% today, after dropping 20% at the end of last week. Universal Display Corporation (PANL) rallied 24.5% today. That is a huge jump for this stock going up to $34.76. This stock has been steadily dropping over the past few weeks and have turned around today. It’s still no where near it’s 52 week high of $63.58. They’re not too far off, if they can release some more good news in the coming weeks, they should be able to rally some more.

The market today has seen its ups and downs. Some stocks have made it very hard for the overall market to rally. But today, we saw a positive score on the stock market and it was a great feeling compared to the downward movement we’ve been seeing over the past few weeks. The price of gold has rallied once again and in my opinion, it will keep going up because gold seems to be the most reliable constant in terms of value. It started the year at $1,400 and it shows no signs of stopping. But if you are looking to invest in Gold, I would advise that you very carefully think about it because if they’re right, and it is a bubble, it could burst soon because the faster a bubble grows, the quicker it explodes.