Feb 05

Wall St looks ahead to jobs report

Market Recap 2/04/16:

U.S. stocks rose for a second straight day on Thursday, as a fall in the U.S. dollar boosted the price of copper and other metals, which in turn spurred a rally in material shares. The day’s trading was volatile, with major indexes attempting to recover from recent sharp losses at a time when much of the news flow – including on earnings and economic data – has been disappointing or tepid. Investors have been torn over whether poor data should be taken as a sign that the economy is getting weaker, or whether it means the Federal Reserve may slow its plan to raise interest rates, which would be a market positive. The recent whipsawing has many investors concerned. If that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg – click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services, ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.

On the downside on Thursday, a number of major retailers fell on the back of weak quarterly results, suggesting consumers are not taking advantage of cheap oil prices to spend elsewhere.

Looking ahead:

U.S. stock index futures were flat on Friday as investors awaited the closely watched January jobs report. About 190,000 jobs are expected to have been added in the month, and if the report comes in below expectations, that could solidify theories that the Fed will hold off on its previously stated plan to raise rates by four times this year. A positive read would suggest the economy continues to grow despite recent market turbulence; trading could be volatile if investors differ on how to interpret the report. Don’t miss this week’s Money Matters with Gary Goldberg, where the guest will be Steve Forbes. For stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

Feb 04

Wall St edges up as oil prices continue to rise

Market Recap 2/03/16:

U.S. stocks mostly rose on Wednesday, lifted by energy shares as crude oil jumped by about 8 percent. The day’s trading was the latest example of heavy volatility in key assets, and the recent whipsawing has many investors concerned. If that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg – click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services, ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.

Crude oil surged after comments from Russia’s foreign minister suggested there could be a deal among oil producers to cut production targets, which would help address some of the over-supply issues that have weighed on the commodity for several months. The gain in oil boosted the overall energy sector, which helped the Dow and S&P 500 recover ground that had been lost recently. Sentiment was also lifted by a stronger-than-expected read on private-sector employment, which was viewed as a positive sign going into Friday’s jobs report.

Looking ahead:

U.S. stock index futures edged slightly higher on Thursday, as crude oil extended its rally from the previous session, providing further support for beaten-down energy shares. Markets could take on a more pronounced direction following the release of weekly jobless claims, which will provide another insight in to the labor market ahead of Friday’s jobs report. Investors are also looking ahead to quarterly results from major energy names like ConocoPhillips (COP) and Occidental Petroleum (OXY). Don’t miss this week’s Money Matters with Gary Goldberg; for stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

Feb 03

Wall St pauses as investors await earnings, data

Market Recap 2/02/16:

U.S. stocks fell sharply on Tuesday, with major indexes dropping by nearly 2 percent in the latest example of heavy market volatility. The recent whipsawing has many investors concerned. If that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg – click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services, ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.

As has been the case of late, market weakness was driven by pressure in energy-related names. Exxon Mobil (XOM) fell after reporting a sharp drop in its quarterly earnings. The Dow component also suspended its stock buyback program. The news was taken as an indication of how major companies are faring under persistently low oil prices, which investors are concerned could signal a broader economic slowdown, with the weakness in energy spilling out into other areas of the market. Investors also remain concerned about the pace of growth in China, as well as the Federal Reserve’s timeline for raising interest rates this year.

Looking ahead:

U.S. stock index futures were mostly flat on Wednesday, suggesting some caution remains after the sharp decline in Tuesday’s session. Investors were looking ahead to both earnings and data to set the market’s tone. A read on the labor market, which comes two days before the January payrolls report, could dictate market direction, as could a report on the U.S. services sector. Major earnings include General Motors (GM) and Mondelez International (MDLZ). The energy sector will remain in focus following Tuesday’s decline; crude oil prices appeared to stabilize after their recent decline. Don’t miss this week’s Money Matters with Gary Goldberg; for stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

Feb 02

Wall St weakness resumes as oil slides

Market Recap 2/01/16:

U.S. stocks ended mostly flat on Monday, offering investors a reprise from recent volatility. Markets have seen huge daily swings of late, with big daily moves to both the upside and the downside. The recent whipsawing has many investors concerned. If that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg – click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services, ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.

Markets had opened lower, pressured by weak manufacturing data out of China. The news was the latest reminder that growth in the world’s second-largest economy has been slowing, which investors are concerned could have an adverse effect on the broader global economy. However, major index rebounded in afternoon trading, thanks to gains in large-cap technology names like Facebook (FB) and Twitter (TWTR). That markets were able to shift their focus from overseas issues to domestic equities could be seen as a sign that factors like China are having a smaller impact on Wall Street, which could mean that the volatility of early 2016 is waning.

Looking ahead:

U.S. stock index futures fell on Tuesday, with weakness in crude oil prices returning to the forefront as hopes for a deal between OPEC and Russia to cut production targets faded. Investors were looking for lower targets to address the oversupply issue that has weighed on oil for several months now, a factor that has in turn pressured the overall market. BP (BP) shares fell sharply after the company reported its worst annual loss in nearly 20 years, a loss that was driven by persistently low prices. Investors are concerned that the ongoing weakness in both oil prices and energy companies could spill out into the broader economy, causing a protracted slowdown. Movement in the sector could become even more volatile on Tuesday with Exxon (XOM) scheduled to report its results. On the upside, Alphabet (GOOGL), the parent company of Google, jumped a day after its quarterly results. Technology companies have been among the stand-outs of this earnings season, with Facebook and Microsoft also posting strong numbers. With the day’s advance, Alphabet was set to Apple (AAPL) to become the biggest U.S. company by market cap. Don’t miss this week’s Money Matters with Gary Goldberg; for stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

Feb 01

Feb starts on down note after weak China data

Market Recap 1/29/16:

U.S. stocks soared on Friday, with major indexes ending up more than 2 percent and the S&P 500 enjoying its biggest one-day jump since September. The session was the latest example of day-to-day market volatility, and though the move was to the upside, the recent whipsawing has many investors concerned. If that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg – click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services, ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.

The day’s gains came after the Bank of Japan unexpectedly cut interest rates, a sign that major central banks remain committed to supporting the global economy at a time when growth remains uncertain and commodity prices have collapsed. A weak reading on fourth-quarter GDP was also taken bullishly, as investors viewed it as a sign that the U.S. Federal Reserve may slow its plan for raising interest rates this year. Sentiment was also lifted after Microsoft (MSFT) reported strong results, boosting the overall technology sector. The rally helped to erase much of the month’s weakness. The S&P fell about 5 percent for January, though at its low for the month it was down about 11 percent.

Looking ahead:

U.S. stock index futures fell on Monday, suggesting a weak start to the month of February as data showed Chinese manufacturing activity slumped in January. The news was a reminder of how precarious global growth remains, and how difficult it will be for investors to gauge a bottom in China’s market or economy. Crude oil fell, snapping a recent streak of gains. Closer to home, investors are looking ahead to economic data, including December reads on personal income and spending, as well as the Institute for Supply Management’s January manufacturing index. Major earnings reports, including from Google’s parent company, are also on tap. Don’t miss this week’s Money Matters with Gary Goldberg; for stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

Jan 29

Wall St jumps on Bank of Japan move

Market Recap 1/28/16:

U.S. stocks rallied on Thursday, jumping on the back of a rally in energy shares, as well as blockbuster results from Facebook (FB). Though the day’s move was to the upside, volatility remains high, and the recent whipsawing has many investors concerned. If that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg – click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services, ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.

The day’s gains were driven by speculation that Saudi Arabia and other OPEC countries would cut their oil production, a move that would address the persistent oversupply issues that have decimated crude oil prices over the past several months. Oil has fallen to multi-year lows of late, and many investors are concerned that persistently low prices could signal a broader economic slowdown. Also boosting sentiment on Thursday was Facebook, which reported massive growth in its earnings and revenue, sending shares sharply higher. The report was one of the standouts of the fourth-quarter earnings season, and contributed to outsized gains in tech shares.

Looking ahead:

U.S. stock index futures jumped on Friday after Japan’s central bank unexpectedly pushed its interest rates into negative territory, in an attempt to stimulate the country’s flagging economy. The news was taken as a sign that global central banks will remain aggressive in supporting the economy, which could help offset fears over slowing growth in China. Japan’s move comes a couple days after the U.S. Federal Reserve said it would hold steady with its plan to raise interest rates four times in 2016, which concerned investors about the amount of support U.S. markets would receive in an uncertain environment. In earnings news, Microsoft (MSFT) rose following its quarterly results, while Amazon (AMZN) fell sharply. Don’t miss this week’s Money Matters with Gary Goldberg, where the guest will be “Johnny Anonymous,” a football player and author of the book NFL Confidential. For stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

Jan 28

Earnings lift Wall St after Fed comments

Market Recap 1/27/16:

U.S. stocks fell on Wednesday, dropping in the latest example of the market seeing huge swings on a daily basis. Volatility has been extremely high of late, and the recent whipsawing has many investors concerned. If that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg – click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services, ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.

Losses accelerated in afternoon trading on Wednesday, after comments from the Federal Reserve suggested the central bank wasn’t going to scale back interest rate hikes because of recent economic turmoil. The Fed said rate hikes would be “gradual,” disappointing investors who had hoped it would stay accommodative amid elevated volatility and slowing growth out of China. This week marked the first time the FOMC has met since December, when it raised interest rates for the first time in about a decade. At the time, the move was seen as an indication that the Fed was confident about the pace of economic growth, a confidence many investors shared but has now waned amid changing conditions, including the S&P 500’s second correction in five months.

Looking ahead:

U.S. stock index futures edged higher on Thursday, boosted by blowout results from Facebook (FB), which surged past expectations. The social network reported earnings that more than doubled from the year-ago period, sending shares sharply higher in premarket. The news bucked this earning season’s trend of results that failed to excite, and overshadowed the uncertainty created by Wednesday’s Fed announcement. Earnings will remain in focus, with Caterpillar (CAT), Amazon (AMZN), Microsoft and Visa (V) all among the companies reporting on Thursday. Don’t miss this week’s Money Matters with Gary Goldberg, where the guest will be “Johnny Anonymous,” a football player and author of the book NFL Confidential. For stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

Jan 27

Futures fall on oil retreat, Apple results

Market Recap 1/26/16:

U.S. stocks surged on Tuesday in the latest example of the market seeing huge swings connected to the price of crude oil. Volatility has been extremely high of late, and the recent whipsawing has many investors concerned. If that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg – click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services, ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.

As has been a trend of late, trading on Tuesday was highly correlated to the price of oil, which jumped nearly 4 percent on hopes that major producers would address the supply glut that has contributed to prices falling to multi-year lows this month. Sentiment was also boosted by strong results out of 3M (MMM), Johnson & Johnson (JNJ) and Procter & Gamble (PG). While the fourth-quarter earnings season has produced few blowouts to overshadow global economic concerns, the trio of bullish reports was seen as reassuring about how corporate America is faring in the current climate.

Looking ahead:

U.S. stock index futures edged lower on Wednesday, as crude oil inventories unexpectedly rose in the United States, dashing recent hopes that the oversupply issue weighing on the oil market was stabilizing. Oil prices, which have dictated market action of late, dropped about 4 percent. Investors were also concerned after Apple (AAPL), the largest U.S. company, reported slowing iPhone sales growth late Tuesday, with results hurt by weakness in China. Though Apple reported the largest quarterly profit by a company ever, many metrics did come in below expectations, and shares fell in premarket. Market direction may turn in the afternoon following comments from Federal Reserve policymakers, who are ending a two-day meeting this afternoon. The meeting will mark the first time the FOMC has met since raising interest rates in December, and market participants are anxious to see if the central bank is changing its outlook based on the market turmoil since the last meeting. Don’t miss this week’s Money Matters with Gary Goldberg; for stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

Jan 26

Wall St flat as investors await key earnings

Market Recap 1/25/16:

U.S. stocks fell sharply on Monday, continuing the market’s recent streak of volatility. The recent whipsawing has many investors concerned, and if that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg – click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.

On Monday, as has been a trend throughout January, losses were driven by weakness in crude oil prices. The commodity fell on reports that Iraq’s output had reached a record in December, adding to the oversupply concerns that have contributed to oil dropping to multi-year lows of late. The drop in oil led to energy shares falling, which in turn pressured the broader market. Investors are worried that persistently weak crude prices could signal a broader economic slowdown.

Looking ahead:

U.S. stock index futures were little changed on Tuesday, as markets took a pause following a recent bout of volatility to both the upside and the downside. While shares in China took another sharp leg lower, reinforcing the idea that weakness in the world’s second-largest economy is not yet finished, crude oil prices seem to have found their bottom. If the commodity proves to have stabilized, it would remove a major uncertainty from the market. The day’s market action will likely be dictated by corporate earnings, with Johnson & Johnson (JNJ), Procter & Gamble (PG) and 3M (MMM) all scheduled to report before the market opens. Perhaps the most highly anticipated company of all, Apple (AAPL), is reporting after the market closes. Investors are also looking ahead to a meeting of Federal Reserve policymakers, who are meeting on Tuesday and Wednesday. The meeting will mark the first time the FOMC has met since raising interest rates in December. Don’t miss this week’s Money Matters with Gary Goldberg; for stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

Jan 25

Wall St set for lower open as crude oil resumes slide

Market Recap 1/22/16:
 
U.S. stocks ended a volatile week with a massive rally on Friday, as expectations for cold weather send the price of crude oil 9 percent higher. The day’s action was just the latest volatile session for markets, and the recent whipsawing has many investors concerned. If that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg  click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.
 
The S&P 500 posted its biggest one-day rally of 2016 on Friday, led by energy shares, which have been among the market’s weakest performers of late. Despite the rally, the benchmark index remains down by about 7 percent year-to-date. Also lifting sentiment was new home sales, which surged 15 percent in December, a faster pace than had been expected. On the downside, both GE (GE) and American Express (AXP) fell on the back of disappointing results.
 
Looking ahead:
 
U.S. stock index futures fell sharply on Monday, after Saudi Arabia’s state-run energy company, Saudi Aramco, announced that it was continuing to invest in energy projects. The news was seen as increasing the oversupply glut that has weighed on crude oil prices for several months, a major factor behind recent market weakness. Investors are concerned that persistently low oil prices could signal a broader economic slowdown. Traders also continue to look to the fourth-quarter earnings season, which has largely shown profits falling from the year-ago period, which has also raised concerns of an economic slowdown. Don’t miss this week’s Money Matters with Gary Goldberg; for stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

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