This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Slow Pre-Holiday for Bulls: Dave's Daily



Trading slowed which is typical before a long weekend without much news. Economic data featured the CPI (.2% vs .00% previous & 2.9% YOY which is above the Fed's target) and Leading Indicators (.4% vs .5% previous).

Active stocks included Intel (INTC and linked to ETF SOXX); and earnings reports from Campbell's Soup (CPB) and Heniz (HNZ with both linked to ETF XLP) which were well-received. The Dow Jones Industrial Average was pushed higher by the usual heavier weighted stocks (IBM, MCD, CVX, UTX and so forth.) As they say, this is window dressing for the tourists. Sure enough, a recent headline read: "Dow Closes at Highest Level Since May 2008". That was the spring, remember the fall?

The dollar was somewhat higher as investors hedged their bets against what should be an interesting Monday in the eurozone as a decision will be made about Greek deal...again. (How much Greek fatigue is there?) Speaking of defaults Americans and Europeans dissatisfied with bailing out banks and countries should examine what has happened with Iceland. The country defaulted, banks failed, bankers were prosecuted and jailed. This was in 2008 as you may recall. The country is now on the mend and Fitch just upgraded the country's credit rating to investment grade (BBB+) with a stable outlook. You see, you don't need bailouts and money printing. Iceland is the anti-Keynes Bernanke/Geithner/Paulson/Bush/Obama story.

Gold prices were basically unchanged, base metals were somewhat softer, crude oil was higher (Iranian warships sailed thru the Suez and into the Mediterranean) and agricultural prices were higher. Bond prices were flat.

Volume was light and breadth per the WSJ was mixed.

Follow our pithy comments on twitter and join the banter with me facebook.

SPY - The SPDR® S&P 500® ETF is a fund that, before expenses, generally corresponds to the price and yield performance of the S&P 500 Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
See more details


IWM - The iShares Russell 2000 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the small capitalization sector of the U.S. equity market as represented by the Russell 2000 Index. The index represents the approximately 2,000 smallest companies in the Russell 3000 Index.
See more details

QQQ - PowerShares Capital Management LLC is passionate about our goal of delivering the highest quality investment management available through one of the more benefit-rich investment vehicles ever created, the exchange-traded fund. PowerShares QQQ¿, formerly known as "QQQ" or the "NASDAQ- 100 Index Tracking Stock®", is an exchange-traded fund based on the Nasdaq-100 Index®. The Fund will, under most circumstances, consists of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The portfolio is rebalanced quarterly and reconstituted annually.
See more details

Continue to U.S. Sector, Stocks & Bond ETFs

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
SOXX $97.15 0.68%
USO $18.03 -3.32%
XLP $49.81 0.14%
GLD $116.07 0.32%
HNZ $72.49 0.00%

Markets

DOW 18,214.42 -10.15 -0.06%
S&P 500 2,110.74 -3.12 -0.15%
NASDAQ 4,987.89 +20.7530 0.42%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs