Well he's back...
Monday afternoon, Adam will be on with Erin Burnett at 2:20 PM (EST). He will be discussing the Chinese markets.
The 20th Anniversary of Black Monday came and went... but not without causing a mini panic. The Dow dropped 366.94 points on October 19th, 2007, a small, yet significant 2.64%. Was it fear of a mirroring anniversary occurrence, or disappointment of corporate earnings, uneasiness of historic oil prices and revived concerns of credit quality?
53% (147 people) - YES
38% (105 people) - NO
9% (24 people) - NOT SURE
(RTTNews) - Wall Street experienced a volatile day of trading on Monday, as stocks bounced back from early losses led by strength within the tech sector ahead of quarterly earning results from Apple (AAPL) and Texas Instruments (TXN).
Stocks fell in early trading, looking to extend substantial losses posted last Friday, as investors remained nervous about the state of economy following mixed earning results.
However, as the trading day wore on, tech stocks began to lead the markets higher, as investors put themselves in favorable positions ahead of earning results from key tech companies after the closing bell.
After opening in negative territory, the major averages were able to climb into positive territory to finish the session, ending near their intraday highs.
The Dow rose 44.95 points, or 0.33 percent, to close at 13,566.97. The Nasdaq climbed 28.77 points, or 1.06 percent, to finish at 2,753.93. The S&P 500 ended at 1,506.33, an increase of 5.70 points, or 0.38 percent.
Dow Components
After posting a loss of more than 100 points in early trading on Monday, the Dow was able to pare its early losses and end the session with a modest gain, breaking a five-day losing streak. Leading the way within the average was pharmaceutical company Merck (MRK).
Monthly MRK Up Since : June 30th of 2006 @ $36.50
Weekly MRK Up Since: September 19th of 2007 @ $50.94
MC Members Up : 13.7% In a little over 1 Month
MRK is one of my favorite stocks... so I thought I would share it with members in light of today's INO.com's News Headlines.
To Read Remainder of this INO.com Headline Click Here
You've watched his videos and read his blog postings... now see him LIVE on CNBC this afternoon.
The Trade Triangles are catching national attention for their stellar signals in major markets. Members consider this your personal invitation to see the co-creator, Adam Hewison and the Trade Triangles on LIVE television.
Miss the show? See it here.
*The CNBC trademark belongs to CNBC
It has finally happened... Google hit over $600 today before dropping back down to $597.13. With 3rd quarter earnings scheduled to be released on October 12th, the share price has peaked new highs 6 times since in the start of the 4th quarter.
The prices of Google at today's high are over 7 times higher than the initial public offering price of $85 a share in August of 2004. AP Business Writer, Michael Liedtke notes that this " 9-year-old company with a market value of $187 billion -- (is) worth more than bigger, more more mature businesses like Wal-Mar Stores Inc., Coca-cola Co., Hewlett-Packard Co. and IBM Corp."
Something to watch... It looks as if Google has shown tremendous interest in DoubleClick, Inc. A proposed $3.1 billion acquisition deal waits on the table as federal antitrust regulators explore complaints of a virtual monopoly.
MarketClub's members were in this Google move as it made its way to $600. The "Trade Triangle" suggested that members take a long position on September 4th at $519.75. Even if members jumped out at the historic $600 high, they would have walked away with a profit of $80.25/share. That is a 15.44% profit in 24 trading days.
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