Friday, August 29, 2014

Abercrombie & Fitch Goes Down

Abercrombie & Fitch is now passé, teens are no longer impress with them and it shows on the market. Last Thursday August 28, 2014 they suffer a sharp drop in the shares of Abercrombie & Fitch Co., after very weak sales as teenagers shop for other brands.

Abercrombie & Fitch sales fell 5.8% to $890.6 million. Revenues decreased much in a year in stores in the United States.

Monday, August 18, 2014

A Significant number of Americans have no retirement Fund

About 36% of Americans don not have money for retirement as stated by 69% of 18-29 year-olds have not saved anything, along with 33% of 30-49 year-olds, 26% of 50-64 year-olds and 14% of people 65 and older.

They also stated that Americans who do save are doing it early. Twice as many 30-49 year-olds started saving in their 20s as opposed to their 30s. But 50-64 year-olds were only slightly more likely to have started saving in their 20s than their 30s, and Americans 65 and older were almost evenly split between starting in their 20s, 30s and 40s.

The survey was done by Princeton Survey Research Associates International (PSRAI).

Thursday, August 7, 2014

Russia Bans Agricultural Products from Western countries in response to sanctions

Russia announced Thursday August 7, 2014 that they will be banning imports of meat, fish, milk (milk products) and fruit and vegetables from the United States, the European Union, Australia, Canada and Norway.

Russian Prime Minister Dmitry Medvedev said that the ban is an order from president Vladimir Putin in their response to sanctions imposed on Russia by the West over the crisis in Ukraine that was hatched by the US.

This just shows that Russia can fight back. Russia can easily get those agricultural products from other countries in Asia and South America which is cheaper and has higher quality.

Experts said that local producers will find it hard to fill the gap left by the ban, as the nation's agricultural sector has continued to suffer from poor efficiency and shortage of funds.

Russia depends heavily on imported agricultural products, their Food and agricultural imports from the U.S. amounted to $1.3 billion last year, based on the U.S. Department of Agriculture, and in 2013 the EU's agricultural exports to Russia totaled 11.8 billion euros ($15.8 billion).

Thursday, July 31, 2014

Russia sanctions hit Europe stocks Hard

Barack Obama's tougher sanctions on Russia hit Europe stocks Hard as investors are studying the effects of it. Both the U.S. and the European Union agreed to expand sanctions on Russia last Tuesday July 29, 2014 which in my opinion is stupid for the European Union since they will lose a lot. The new sanctions targets Russian energy, defense, and finance sectors.

European Union is now restraining access to financing for state-owned banks in Russia. They will also halt on exporting specific goods and technologies to Russia to make it more difficult to develop oil resources over the longer term.

U.S. Treasury said it will ban American citizens from buying new stocks or bonds from three major Russian financial institutions, that will limit their access to U.S. capital markets. The three banks are Bank of Moscow , Russian Agricultural Bank, and VTB Bank.

What's the end game here? Well, U.S. global domination now they have gas through fracking which has health risks I think they want to take Russia markets too.

Thursday, July 24, 2014

Stocks closed in a Gain

Dow Jones    17,086.63    -26.91    (-0.16%)
S&P 500    1,987.01    +3.48    (0.18%)
Nasdaq    4,473.70    +17.68    (0.40%)

Dow close in a loss falling by 26.91 points, or 0.2% to 17,086.63 it was affected by Boeing’s disappointing revenue. S&P 500 closed with a record high 1,987.01 up by  3.48 points. The Nasdaq composite rose 17.68 points, or 0.4% to end at 4,473.70.

Apple’s income met expectations, as did Microsoft’s. Biotechnology stocks, were a bright spot, too; Puma soared 295% on trial results for a breast cancer drug. Biogen Idec rose 11% after raising its full-year profit forecast. Ariad gained 15.3%. Intuitive Surgical rose 18%, the most in five years. The maker of robotics used in surgery posted profit that surpassed forecasts. Cubist didn’t get to go along for the ride, though; it fell 4.8%. Blame weaker-than-expected quarterly revenue and several price-target cuts by analysts.

Facebook rose 4 percent in aftermarket trading to 74.05 after the company reported a profit that more than doubled in the second quarter and topped expectations.

Sunday, July 6, 2014

Due to Job Gain Dow Average over 17,000

stock market, Dow Jones, job

Because of the surging job gains, economic recovery, and central bank support it boost the Dow Jones Industrial Average over 17,000 for the 1st time Thursday. This is Dow's 1,000-point milestone this year. Job hiring in the U.S. accelerated last month.

It rose from the beginning of trading after reports of U.S. employers hired more employees than investors and economists expected. Trading was not heavy, though, and the market closed early because of 4th of July holiday. More than $200 billion was also added to U.S. equities during the week.

Micron Technology Inc. and Netflix Inc. advanced at least 6.9% as the Russell 2000 (RTY) Index recovered nearly all its losses from a 2-month selloff of Internet and small-cap shares. The Dow Jones Transportation Average (TRAN) rallied 1.5 percent to a record on the strength of global manufacturing.

The Dow were up by 216.42 points (1.3%) to 17,068.26. The Standard & Poor’s 500 Index climbed by 1.3% to a record 1,985.44. The Russell 2000 jumped 1.6%, reaching an intraday high on July 1. The MSCI All-Country World Index increased 1.4% over four days to reach an all-time high.

It took the Dow 227 days to cross the 17,000 mark after surpassing 16,000 for the first time on Nov. 18. Caterpillar Inc., the world’s largest maker of construction and mining equipment, Walt Disney Co., the biggest entertainment company, and computer-chip maker Intel Corp. led the advance, rising more than 20%.

The jobs report is the latest piece of data to show the U.S. economy continues to improve steadily. Last Wednesday, the payroll processor ADP said private businesses added 281,000 jobs in June, up from 179,000 in May. Also this week, the Institute for Supply Management said the U.S. manufacturing expanded for the 13th consecutive month.

Sunday, June 22, 2014

Stocks record-setting levels

Stocks reached more record setting milestones last week, delivering the third consecutive record-high close for the S&P 500 and a new high for the Dow on Friday.

The Dow Jones industrial average closed at 16,947.08, a 25.62-point change and a record. For the week, it was up 1 percent.

The S&P 500 also hit a record, closing at 1,962.87. For the week, it was up 1.4 percent. Energy stocks were among the best performers. It was the S&P 500's 22nd record close this year.

The NASDAQ gained 8.71 points to close at 4,368.04. For the week, it was up 1.3 percent.

Despite the records, it was largely a static day for the indexes. The National Association of Realtors is expected to release existing home sales for May, and on Wednesday the Commerce Department will release numbers for first-quarter gross domestic product and May durable goods orders. Nike is expected to report quarterly results after Thursday’s close.