Author Archives: Lauren Rudd

Rudd’s MarketView for Friday, May 19, 2017

Summary Wall Street’s rebound continued Friday, as major equity indexes’ prices rose but closed below their session highs on renewed concerns about Donald Trump’s presidency. The concerns came after two new reports related to a federal investigation into possible coordination between Russia and Trump’s election campaign. A senior White House adviser is a significant person…

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Rudd’s MarketView for Thursday, May 18, 2017

Summary Wall Street rebounded on Thursday from its largest selloff in more than eight months with help from a move to loosen internet regulations and strong economic data. Nonetheless, the Street is still watching Washington closely after reports the President tried to interfere with an investigation into former National Security Adviser Michael Flynn’s ties with…

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Rudd’s MarketView for Wednesday, May 17, 2017

Summary Ouch! That is the single best word I can use here to describe today’s trading activity on Wall Street. The S&P 500 and the Dow chalked up their largest one-day fall since September 9, as hopes for tax cuts and other pro-business policies faded in the wake of reports that President Trump tried to…

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Rudd’s MarketView for Tuesday, May 16, 2017

Summary The S&P 500 and the Dow Jones Industrial Average ended Tuesday’s session flat after mixed economic data and retail earnings, while the Nasdaq had another record close with help from technology stocks. Manufacturing production showed its largest increase in more than three years during April, bolstering a view that economic growth picked up early…

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Rudd’s MarketView for Monday, May 15, 2017

Summary The S&P 500 and the Nasdaq notched record closing highs on Monday, powered by demand for technology stocks after a global cyber attack and by rising oil prices. Oil rose to the highest level in more than three weeks after top exporters Saudi Arabia and Russia said supply cuts needed to last into 2018,…

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Pilgrimage to The Mecca of The Financial World

Streetwise for Sunday, May 14, 2017 They came by the hundreds, by the thousands, by the tens of thousands, about 40,000 in all, to the Mecca of the financial world, Omaha, Nebraska, to hear the Oracle of Omaha preach to them of financial wisdom. And this year I joined in. Yes, I made this year’s…

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Rudd’s MarketView for Friday, May 12, 2017

Summary Wall Street slipped again on Friday, ending the week lower as tepid economic data weighed on banks and worries deepened over Nordstrom and other department stores. To put it another way, risk-averse sentiment gripped the Street this week after President Donald Trump unexpectedly fired his FBI chief, the potential fallout from which could delay…

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Looking To Do Some Bargain Hunting? Consider Celgene (CELG)

Streetwise for Friday, May 12, 2017 With alternating tides of enthusiasm and pessimism roiling the financial markets, there is no better time than now to do some bargain hunting. For example, you might want to consider Celgene Corporation (CELG). The pharmaceutical giant discovers, develops, and commercializes therapies to treat cancer and inflammatory diseases. When I…

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What Is the Value Of a Company?

Streetwise for Friday, May 12, 2017 Regular readers of this column know that I espouse dividends as a key factor to consider when evaluating a possible equity investment because over time companies that consistently raise dividends tend to outperform the market. However, dividends should not be used alone. You need to utilize one or more…

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Rudd’s MarketView for Thursday, May 11, 2017

Summary The major equity indexes were lower on Thursday after worse-than-expected sales declines at Macy’s and Kohl’s sparked a selloff in shares of department stores and stirred fears that consumers are not spending enough to drive economic growth forward. Macy’s dismal quarterly performance sent its shares tumbling 17 percent, taking a toll on the consumer…

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