Showing posts with label Goldman Sachs. Show all posts
Showing posts with label Goldman Sachs. Show all posts

Tuesday, April 19, 2016

Today's Stock Market (2016.04.19)

Daily Analysis
Dow, Nasdaq, and S&P500 by closing time (5:46pm ET)
Dow and Nasdaq throughout trading hours (4:44pm ET)

  • Dow and S&P closed higher than yesterday, and Nasdaq closed lower than yesterday.
    • Oil prices and raw material prices went higher, but the IT industry was performed very badly.
      • That was also the reason why only Nasdaq closed lower than yesterday.
  • Oil price soared up to $41 per barrel
    • $40.96 per barrel (5:07pm ET)
  • Market started with an incline as raw material prices and oil prices soared, but in the middle IT companies like Netflix and IBM stocks plunged, causing the overall indexes to collapse.
International/U.S. Economy
  • Oil prices continued to soar up as production decreased because of strike in Kuwait and fire in Nigeria's oil pipe.
  • European Market was bullish as oil price soar and companies released better earnings. English FTSE100 rose 0.82%, German DAX rose 2.27%, and French CAC 40 rose 1.32%.
  • US Dollar turned bearish due to poor economic barometers, which may lead to lowering standard interest. Dollar index dropped 0.54% today.
Individual Analysis
  • Netflix (NFLX) shares dropped 12.97% as they released their quarter reports with disappointing international subscriber growth, which added only 4.5 million subscribers abroad.
  • IBM (IBM) shares also plunged as they released their quarter report with lower net profit, which dropped from $2.3 billion to $2 billion.
  • Illumina (ILMN) shares plunged 23.16% as the company warned that it would miss on first quarter revenue and lowered revenue estimates for the full year.

Wednesday, April 13, 2016

Today's Stock Market (2016.04.13)

Daily Analysis
Dow, Nasdaq, and S&P by closing time (5:16pm ET)
Dow and Nasdaq throughout trading hours (5:16pm ET)

  • All three indexes closed higher than yesterday, continuing the incline
    • All three indexes jumped drastically in the beginning, and they stayed consistent
  • Oil prices slightly declined than yesterday's $42 per barrel
    • $41.57 per barrel (8:34pm ET)
International/U.S. Economy
  • Argentina has finally got out of their national default which lasted for 15 years. They are now gearing up for one of the biggest bond sales for a developing country.
  • Retail sails in the U.S. has dropped 0.3% at March compared to February, according to the Commerce department. This is a red light for the U.S. economic growth.
  • IMF is currently warning about the global economic growth this year. IMF has lowered their expected world wide growth from 3.4% to 3.2%, and this is only 0.1% above last year's expectation.
Individual Analysis
  • Financial sector overall faced incline today. Goldman Sachs (GS) increased 3.59% today, and Bank of America (BAC) experienced 3..92% growth. JPMorgan Chase (JPM) increased 4.23%, and Citigroup (C) increased 5.61%.
  • Amazon (AMZN) stocks continued to increase and reached higher than $610 per shares. Amazon stocks rose 1.93% today.
  • Tesla (TSLA) has recovered 2.7% today compared to yesterday, but it is not sure if it will continue to recover.

Wednesday, March 9, 2016

Today's Stock Market (2016.03.09)

Daily Analysis
Dow, Nasdaq, and S&P by closing time (5:16pm ET)
Dow and Nasdaq throughout the day (5:16pm ET)

  • All three indexes closed higher than yesterday.
    • However, it was very unstable and inconsistent throughout the trading hours; the indexes went through multiple crashes and sudden uprisings.
  • Oil price continued to remain over $38 per barrel and didn't drop.
    • $38.21 per barrel (6:02pm ET)
International Market
  • Oil prices have rebounded around 42% for the past three weeks; it has recovered to over $37 per barrel since it hit $26 a barrel on February 11th. As an effect of this rebound, the stock markets also showed an incredible recovery.
    • However, the future is still unclear; many influential investment banks like Goldman Sachs are saying that the oil prices should maintain the low prices in order to finish the re-balancing process.
  • America's stock market has been bullish for 7 years straight. However, the future of market does not seem that great. The growth of market has greatly slowed down since 2016, and the plunge in the beginning of the year shows it.
Individual Analysis
  • As oil price continues to rebound back, energy stocks are experiencing great incline in their share prices. Chevron (CVX) has experienced an 4.6% increase in share prices today, and Devon Energy Corp (DVN) has increased 6.8% today.
  • Chipotle (CMG) stocks plunged 3.44% today as they had to shut down a store in Massachusetts because 4 employees got sick. 
  • As oil prices rebound, alternative energy industry is also inclining. Tesla Motors (TSLA) has experienced an 3.02% increase today and increased over 10% in total for the past five days.