Tag Archive: stock market

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 was not a very good day for the stock market. Today was the official first day of the last quarter of 2011 and we started out in the red. It added to the losses we already experienced at the end of the last quarter (just 3 days ago).

Most of what we have seen today is due to worries from Greece again. It’s kind of amazing how volatile the market has been all because of speculation about how Greece is doing with their economy. We still haven’t received anything solid but investors are selling and buying based on what they think, or feel, will happen with Greece. If they believe that Greece will come out of it soon and have a steady economy again, the markets are likely to rally. If they believe Greece is close to defaulting, then everything will plunge. Most of the rallies and plunges over the past few weeks have been revolving around Greece and its issues.

Today, the Dow Jones fell more than 258 points. It finished at 10,655 points. We are very far from our 12,000 point mark. I do hope that we can get back over the 11,000 mark soon.

The NASDAQ Composite lost more than 79 points or almost 3.3%. The NASDAQ finished off at 2,335. The S&P 500 fell more than 32 points or 2.85% finishing off at 1,099. And finally, the NYSE dropped more than 217 points or a 3.2% drop, finishing off at 6,574 points.

On Friday, we saw Eastman Kodak (EK) plummet to $0.78 per share. Today they bounced back gaining more than 71%. Currently, Eastman Kodak sits at $1.34 per share after an increase of more than $0.56.

This may mean that Kodak may be bouncing back, but it could also be investors jumping on the opportunity to buy a stock at an extremely low price. Remember that at one point, Kodak stocks were worth over $80 a share. If things look better for Kodak again, these investors will be very happy. But it’s still very volatile, nothing dramatic has happened to help Kodak out of its financial crisis. Any investment now would still be considered very risky. Any stock that gains so much in a short period of time is always in danger of dropping even more the days following from massive sellouts of investors cashing in on their profits.

Today was not a good day for the stock market. Tomorrow will hopefully be better. We are at a very low point in the market and the new from Greece definitely isn’t helping. I hope that everything turns around for the rest of the week and we head back over the 11,000 mark. I also hope that what Eastman Kodak saw today wasn’t just investors buying the stock low, I hope it keeps increasing because Kodak could sure use a surge in investors right about now.

Share your thoughts on the plunge today and what you think will happen with Kodak stocks in the coming days and weeks.

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?

 

A ton has happened over the past two days in the world of business. Yesterday wasn’t a very good day for the stock market as we saw declines in almost every sector. Today was a little different. New things were announced and overall, it was a good day.

The Dow Jones Industrial Average saw a gain of more than 143 points, or 1.3% after yesterday’s decline. It didn’t fully recover but hopefully it will get there soon. Currently the Dow sits in at 11,153 points.

The NASDAQ Composite saw an opposite motion. It saw a loss of just under 11 points. It’s not a big loss so it basically remained flat from yesterday but the 11 points adds on to the losses the Nasdaq incurred yesterday. The S&P 500 gained more than 9 points and the NYSE gained almost 98 points. So far, the markets haven’t recovered from yesterday’s drop but at least we saw gains today in most areas.

Gold also saw a decrease over the past two days. Since reporting last on Tuesday, gold price has dropped $34 and it is currently priced at $1,620 an ounce. Gold is going lower and lower and I think it will keep decreasing over the coming weeks and months. It is great to see the price decrease because it shows us that investors are putting their money in other places, perhaps places that will help our economy a lot more.

But what’s with the fire in the Amazon?

 

Amazon Fire Computer Tablet

AP Photo/Mark Lennihan

Relax, there is no fire in the Amazon rain forest, but there is a fire in the Amazon (AMZN) that we all know and love around the world. Yesterday Amazon gave us some great news which makes them even more ‘investment’ worthy. They announced the release of their new computer tablet, the Amazon Kindle Fire. The picture above gives you a glimpse of the pad. From the looks of it, it looks like another tablet that will cost us $500, right? Wrong!

The surprise comes in the price. Amazon (AMZN) expects to start selling the Kindle Fire at just $199. It has a 7″ screen which is smaller than the Apple iPad but it costs less than half of what you would pay for the iPad. Speaking of the iPad, the Kindle Fire is expected to compete with the iPad and from the looks of it, it looks like it will be a great match. The Kindle Fire is small, attractive, seems to be able to do a ton of things, and best of all, it’s much cheaper than the iPad, which makes it even more appealing.

I currently don’t own any tablet PCs, but this is something that I would not mind getting for myself. If I ever get it, I promise to post a personal review on Stocksicity. And because of this new announcement, investors have another reason to invest in Amazon. The Kindle Fire is scheduled to be launched on November 15, 2011 and you can pre-order on the Amazon.com website.

Amazon has great news but your banks may not. Bank of America (BAC) is the country’s biggest bank and earlier they announced that they will charge all customers a $5 fee for using their debit cards. This is one way Bank of America (BAC) will try to increase profits as new regulations come to effect.

Bank of America isn’t the bank trying this. JP Morgan Chase (JPM) and Wells Fargo (WFC) will be testing this out too by charging $3 a month. Other regional banks are trying the same to increase profits. It most definitely will not hold great with banking customers. I don’t know about you, but I hate paying fees for my bank. It’s enough that they use my money to lend others and charge huge interest while giving me a worthless 0.05% interest for my savings account, and I definitely don’t want them to charge me extra for using my debit card.

This might come back to either haunt the banks by driving away customers or work out great for them because they could end up making millions of dollars from the customers who don’t have a problem with this. But we will have to wait and see where things go after the new fees are put into effect.

Today was a very interesting day with news coming in from many sides. The Amazon Kindle Fire looks like a great piece of technology that could have a great impact. It’s something I am very much looking forward to.

What do you think about the Amazon Kindle Fire? Will you be getting it? What are you thoughts on the new Debit Card fees your bank may impose on you?

General Stock Market Graph

by Vlado

Today was the third consecutive day the Stock market has seen gains. Today was another rally for the market as investors are hopeful that the worries in Greece will come to an end soon. The keyword there is ‘hopeful.’ Kind of scary isn’t it? Our entire global economy seems to be riding on hope.

The Greece issue has been in the news for weeks and nothing conclusive has been said besides the fact that Greece may be nearing default soon. But other than that, nothing really happened. We don’t know how the talks are going or what’s exactly happening, nothing is concluded but yet, worries have risen several times, as well as hope has risen. I don’t know about you, but I wouldn’t really count ‘hope’ or ‘worry’ to be factors in deciding how our market runs. But apparently, that’s what seems to be happening. When people are hopeful, the stock market rises, and when they are worried, everything sinks several hundred points.

The Dow Jones today was on the good side today, seeing a gain of over 146 points, falling just 10 points short of the 11,200 mark AGAIN. We have seen that mark several times and it seems every time it tries to head for the 12,000 mark, ‘worries’ about Europe increases and the stocks plummet.

The NASDAQ Composite gained just over 30 points. The S&P 500 gained just over 12 points. And the NYSE gained over a 102 points, going over the 7,000 mark once again (7,043 to be exact).

The official news for now is that Greece is close to finding a way out of its debt crisis. Hopefully it’s true. There is that word again, hope. I do hope a lot when it comes to the stock market but it’s usually always hope. I don’t sell all my stocks when I ‘feel’ that something bad is going to happen in Europe and I don’t buy mass amounts of stocks when I ‘feel’ everything will rise. Sometimes it feels as if some people are just manipulating the news to keep the markets very volatile for their own profits. But of course, proving it is another thing. For now, I am thankful that everything is on the positive end.

So what’s going on with Gold?

Gold seems to be acting a little weird. It has been going down when the stock market plummets and today it actually went up with the stock market’s rally. It is unusual but not too much. Current price of gold is $1,654. Just over $30 more than what it was yesterday. Gold was almost $1,600 an ounce today, a price we haven’t seen in some time. But I have no doubt that it will once again see that price, and go even lower. I think investors should stop investing in commodities like Gold and Silver and start investing in businesses and encourage job growth. That’s where they should see bigger returns.

Today was a good day for the Stock Market. Lets hope it keeps up for the rest of the week. We still have to bounce back to where we were early last week, we’re still a few hundred points below the level.