Category: General

November starts off strong

Posted on by The INO.com Team

It's only been a day, but November on Wall Street is already looking a lot better than October.

Strong economic data and corporate news converged Thursday to give U.S. stocks their best day since mid-September. Positive signs about the job market and soaring sales figures pushed stock futures up before the market opened. A half-hour into trading, reports on manufacturing and consumer confidence added another log to the fire.

The Dow Jones industrial average had already risen 100 points when the mid-morning reports came out. The data _ including news that manufacturing grew for the second straight month _ pushed it up as much as 177 points. It fell back some, but held a steady gain for the rest of the day.

The Dow closed up 136.16 points, or 1 percent, to close at 13,232.62. It was the best day for the Dow since Sept. 13. Continue reading "November starts off strong" →

Bob Moriarty's Stock Tales from the Crypt

Posted on by admin

The Gold Report: Appropriately for this time of yearHalloween and the Day of the Deadgold's hold above $1,700/ounce (oz) seems to be reviving some junior mining stock prices that had been left for dead. What are some names with a heartbeat?

Bob Moriarty: NOVAGOLD (NG:TSX; NG:NYSE.MKT) has come back from the dead a couple of times. In 2001 or 2002, NOVAGOLD was the number one gaining stock on the Toronto Stock Exchange. It reached $20/share at one point. In 2008, it hit a low of $0.46/share; 18 months later it had bounced back to $17/share.

TGR: And today it trades at $5/share.

BM: The lesson here is to buy when stocks are cheap and sell when they get expensive. Too many investors in the junior mining space marry the damn stocks. They fail to sell and take their profit when they have the chance. If investors aren't willing to sell at a profit, the only alternative is that they sell at a loss.

"Too many investors in the junior mining space fail to sell and take their profit when they have the chance." Continue reading "Bob Moriarty's Stock Tales from the Crypt" →

Stocks mixed after historic 2-day close

Posted on by The INO.com Team

Stocks closed mixed on Wednesday in their first session since Hurricane Sandy forced an historic two-day shutdown of trading.
The Dow Jones industrial average slipped 10.75 points to 13,096.46. The Standard & Poor's 500 index rose, but barely _ up 0.22 of a point to 1,412.16.

Investors were nervous that a flood of orders after two days of pent-up demand from customers might lead to volatile trading. But stock prices barely budged at the opening, and stayed within a tight range throughout the day.

"It's been very smooth," Duncan Niederauer, CEO of NYSE Euronext, told CNBC from the exchange floor shortly after the opening bell. "The market-making community is more than staffed enough to be open." Continue reading "Stocks mixed after historic 2-day close" →

Daily Update: Did Sandy create a plus or a minus for the U.S. Economy?

Posted on by The INO.com Team

Due to technical issues associated with Hurricane Sandy we do not have a video today.

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 31st of October.

Well there is no question about it, the last few days have been devastating for millions of residents in the Northeast.

Sandy certainly lived up to her billing as the "Storm of the Century" as she left a path of epic destruction in the wake. Luckily our corporate headquarters, which are based in the mid-Atlantic region on the Chesapeake Bay, missed the wrath of this very serious storm. Continue reading "Daily Update: Did Sandy create a plus or a minus for the U.S. Economy?" →

Poll: Hurricane Sandy and the Stock Market

Posted on by The INO.com Team

Hurricane Sandy did a lot of damage to the North East of the U.S. Which has us wondering how she will affect the economy and the stock market. Take a minute to vote on our poll and leave your comments below.

Will Hurricane Sandy be good or bad for the stock market?

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Good luck getting back into the swing of things today as the markets open up after a historic 2 day closing.

Every Success,

Jeremy