No Rest for the Weary
There’s no rest for the weary today, as stocks have been volatile into the close of the week. At the moment, stocks are modestly higher, but as you can see in the chart below, there’s little stability under our feet. I find the most telling information in the commodity space today, where economically sensitive commodities like oil are lower while gold and silver are higher. I suggest investors see this as the start of a new paradigm for investment through summer. Yes, it’s time to buyback the SPDR Gold Shares (NYSE: GLD) as stocks will continue to sell off. For more in-depth analysis and research visit our investment blog.
The NASDAQ is being especially hard hit today because of Oracle’s (Nasdaq: ORCL) decline on earnings. Oracle reported a revenue disappointment.
Economic Events
The Economic and Financial Affairs Council is meeting in Brussels today.
Overseas Markets
Commodity Markets (10:16 AM ET)
Corporate Events
The corporate wire has the earnings of Carmax (NYSE: KMX) and Darden Restaurants (NYSE: DRI). Softbank (OTC: SFTBY.PK) has its annual meeting scheduled. Former Enron CEO Jeff Skilling might have his prison sentence reduced to 14 years.
Today’s biggest gainers and losers were:
Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.
Market ETF
|
June 21
|
Year-to-Date
|
SPDR S&P 500 (SPY)
|
-0.6%
|
+11.3%
|
SPDR Dow Jones (DIA)
|
-0.0%
|
+13.0%
|
PowerShares (QQQ)
|
-0.9%
|
+8.1%
|
The NASDAQ is being especially hard hit today because of Oracle’s (Nasdaq: ORCL) decline on earnings. Oracle reported a revenue disappointment.
Economic Events
The Economic and Financial Affairs Council is meeting in Brussels today.
Overseas Markets
EUROPE
|
10:19 AM ET
|
ASIA/PACIFIC
|
CLOSE
|
EURO STOXX 50
|
-0.3%
|
NIKKEI 225
|
+1.7%
|
German DAX
|
-0.5%
|
Hang Seng
|
-0.6%
|
CAC 40
|
-0.0%
|
S&P/ASX 200
|
-0.4%
|
FTSE 100
|
+0.1%
|
Korean KOSPI
|
-1.5%
|
Greek ASE
|
-6.1%
|
BSE India SENSEX
|
+0.3%
|
Commodity Markets (10:16 AM ET)
WTI Crude
|
-0.9%
|
Brent Crude
|
-1.1%
|
NYMEX Natural Gas
|
-0.5%
|
RBOB Gasoline
|
-1.0%
|
Gold Spot
|
+0.7%
|
Silver Spot
|
+1.1%
|
COMEX Copper
|
+0.4%
|
CBOT Corn
|
-0.4%
|
CBOT Wheat
|
-0.2%
|
CBOT Soybeans
|
-0.4%
|
ICE Cocoa
|
-0.2%
|
ICE Sugar
|
+0.7%
|
ICE Orange Juice Conc.
|
-0.3%
|
CME Live Cattle
|
-0.4%
|
Corporate Events
The corporate wire has the earnings of Carmax (NYSE: KMX) and Darden Restaurants (NYSE: DRI). Softbank (OTC: SFTBY.PK) has its annual meeting scheduled. Former Enron CEO Jeff Skilling might have his prison sentence reduced to 14 years.
Today’s biggest gainers and losers were:
BIGGEST GAINERS
|
% Gain
|
BIGGEST LOSERS
|
% Drop
|
Oramed (Nasdaq: ORMP)
|
+30%
|
Idenix Pharma (Nasdaq: IDIX)
|
-29%
|
United States Antimony (Nasdaq: UAMY)
|
+22%
|
Companhia Paranaense (NYSE: ELP)
|
-15%
|
USMD (Nasdaq: USMD)
|
+20%
|
Ebix (Nasdaq: EBIX)
|
-13%
|
Spreadtrum (Nasdaq: SPRD)
|
+19%
|
Pharmerica (NYSE: PMC)
|
-11%
|
Sky-mobi (Nasdaq: MOBI)
|
+13%
|
Galectin Therapeutics (Nasdaq: GALTW)
|
-11%
|
Oxygen Biotherapeutics (Nasdaq: OXBT)
|
+12%
|
Cleantech Solutions (Nasdaq: CLNT)
|
-11%
|
Wi-LAN (Nasdaq: WILN)
|
+11%
|
National Bank Greece (NYSE: NBG)
|
-11%
|
Prima BioMed (Nasdaq: PBMD)
|
+8%
|
VS 3X Long Brent (Nasdaq: UOIL)
|
-8%
|
Hastings Entertainment (Nasdaq: HAST)
|
+10%
|
Companhia de saneamento (NYSE: SBS)
|
-8%
|
Clean Diesel Tech (Nasdaq: CDTI)
|
+10%
|
American Realty (NYSE: ARL)
|
-8%
|
Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.
Labels: Market-Outlook, Market-Outlook-2013-Q2
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