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Rudd’s MarketView Tuesday, October 17, 2017

Summary The Dow Jones Industrial Average briefly broke above the 23,000-point mark for the first time on Tuesday, driven by strong earnings from UnitedHealth and Johnson & Johnson, but finished the session just below that milestone. The blue-chip index, which surpassed similar 1,000-point marks three times previously this year, has been steadily inching higher and…

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Wall Street Is Not a Sophisticated Game of Chance

Streetwise for Friday, October 13, 2017 Wall Street Is Not a Sophisticated Game of Chance I would like to open today’s column with a heartfelt word of thanks to everyone who voted for “Happy Returns,” the Rudd International sponsored entry in the Southeastern Guide Dogs Superheroes on Parade, Puppy Edition, competition. Happy Returns entered the…

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Will Amazon Damage Walgreens (WBA)?

Streetwise for Sunday, October 15, 2017 Will Amazon Damage Walgreens (WBA)? I would like to open today’s column with a heartfelt word of thanks to everyone who voted for “Happy Returns,” the Rudd International sponsored entry in the Southeastern Guide Dogs Superheroes on Parade, Puppy Edition, competition. Happy Returns entered the winner’s circle as the…

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Rudd’s MarketView Monday, October 16, 2017

Summary All three major domestic equity indexes rose to record closing highs on Monday, with the Dow Jones Industrial Average less than 50 points below 23,000, ahead of a long list of earnings this week and as financial shares recovered from last week’s losses. JPMorgan Chase and Bank of America led day’s gains in bank…

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Rudd’s MarketView Friday, October 13, 2017

Summary The major domestic equity indexes moved higher on Friday, following upbeat economic data and gains in technology shares. The result was that both the Dow Jones Industrial Average and the S&P 500 indexes chalked up a fifth straight week of gains. Data indicated retail sales rose in September, and the University of Michigan’s consumer…

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Rudd’s MarketView Thursday, October 12, 2017

Summary Stocks retreated from recent record highs on Thursday as AT&T shares sank after it said it lost subscribers in the last quarter and banks slipped following results from JPMorgan and Citigroup. JPMorgan Chase and Citigroup said they had set aside more money for credit card lending losses in the third quarter, stoking concerns about…

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Rudd’s MarketView Wednesday, October 11, 2017

Summary The major domestic equity indexes edged up to post record closing highs on Wednesday with sector moves in the S&P 500 showing preference toward so-called defensive stocks. While Wall Street reaction was muted to minutes of the most recent Federal Reserve policy meeting, a report that a market-friendly candidate was being pushed as successor…

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Is It Time to Sell?

Streetwise for Friday, October 6, 2017 The string of record closing highs for the three major equity indexes has investors asking, “Is it time to sell? Should I move to the sidelines?” Is there some cast in stone rule that says when the markets reach a certain level that a so-called correction in imminent? Of…

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You Might Want to Consider the Barnes Group (B)

Streetwise for Sunday, October 8, 2017 Financial instruments will always fluctuate in price and at times those fluctuations can be dramatic. It is the nature of the beast. When you add in the recently accentuated levels of uncertainty and concern, it is no wonder that market levels have been the dominate investment theme of late.…

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Rudd’s MarketView Tuesday, October 10, 2017

Summary The Dow Jones Industrial Average reached another a record high on Tuesday, helped by a rise in the shares of Wal-Mart, while Amazon and Facebook lost ground and investors focused on upcoming quarterly reports. Wal-Mart rose 4.47 percent to a two-year high after forecasting U.S. online sales would increase by about 40 percent in…

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