Author Archives: Lauren Rudd

Rudd’s MarketView for Thursday, June 1, 2017

Summary The S&P 500, Nasdaq Composite and Dow Jones Industrial Average set record closing highs on Thursday after the day’s economic data suggested the economy was picking up speed. The ADP private sector employment report showed 253,000 jobs were added in May, well above the 185,000 estimated by economists polled by Reuters. The report could…

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Rudd’s MarketView for Tuesday, May 31, 2017

Summary The major equity indexes were little changed on Wednesday as financials fell after JPMorgan and Bank of America warned of revenue weakness, offsetting gains in defensive plays. JPMorgan blamed lower volatility for a 15 percent decline in trading revenue in the current quarter compared with last year, while Bank of America said trading revenue…

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Rudd’s MarketView for Monday, May 30, 2017

Summary The major domestic equity indexes were slightly lower on Tuesday, with the S&P 500 retreating a bit from a record, as weakness in the energy and financial sectors outweighed gains in technology shares. Oil prices fell to keep U.S. crude below the $50 a barrel mark on concerns output cuts by the world’s big…

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Selling and a Somber Thought for Memorial Day

Streetwise for Sunday, May 28, 2017 Memorial Day is upon us once again and for many it will simply be a day off from work and a time to drag out the barbecue grill. Yet, as I point out each year, the day should be a somber reminder of those who sacrificed their lives to…

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Here Is How Benjamin Graham Would Do It

Streetwise for Friday, May 26, 2017 If the rarefied air of today’s stock market has you wondering if or how or when to invest then this is a good time to revisit the underpinnings of value investing as it originated in the 1930s through the comprehensive research carried out by Benjamin Graham. Graham was very…

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Rudd’s MarketView for Friday, May 25, 2017

Summary The major domestic equity indexes ended the trading day on Friday flat ahead of the long holiday weekend. The S&P 500 and Nasdaq also eked out record closing highs, and the S&P 500 posted a seventh straight session of gains, matching a winning streak from February. Helping the consumer staples index, Costco rose 1.8…

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Rudd’s MarketView for Thursday, May 25, 2017

Summary The S&P 500 and Nasdaq hit record closing highs on Thursday, due in no small part to gains in the consumer discretionary sector after strong reports from Best Buy and other retailers. The discretionary index was up 0.9 percent, while the S&P 500 retail index gained 1.6 percent, its best day since Dec. 7.…

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Rudd’s MarketView for Wednesday, May 24, 2017

Summary The major domestic equity indexes ended the trading day up slightly on Wednesday, with the S&P 500 hitting a record high close, after minutes of the Federal Reserve’s latest meeting showed policymakers view a rate hike coming soon. However, according to the May 2-3 meeting minutes, they also agreed they should hold off on…

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Rudd’s MarketView for Monday, May 22, 2017

Summary It was a good day on the Street on Monday, as all the major equity indexes chalked up gains as technology and defense companies saw their shares rise after the United States and Saudi Arabia signed a multi-billion-dollar arms deal. Shares of General Dynamics, Raytheon, and Lockheed Martin all hit record highs early on…

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A Recent Article is Grist for the Column

Streetwise for Sunday, May 21, 2017 Grist is grain that has been separated from its chaff in preparation for grinding. A recent article detailing an academic study of stock prices is providing the grist for being ground up in this week’s column. A recent study by Hendrik Bessembinder, a finance professor at Arizona State University,…

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