Rudd’s MarketView Monday, December 4, 2017

Summary The Dow Jones Industrial Average reached a record high on Monday, with banks and retailers leading the parade and technology companies falling as investors realigned their portfolios in hopes of benefiting from expected corporate tax cuts. The S&P 500 ended with a loss after hitting an intra-day all-time high earlier in the day, while…

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Rudd’s MarketView Friday, December 1, 2017

Summary The major equity indexes were lower on Friday, whipsawed by developments with a probe into Russia’s alleged involvement in the election as well as with progress on a tax bill in Congress. However, stocks recouped the bulk of their initial losses, after Senate Republicans said they had enough support to pass a sweeping tax…

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Rudd’s MarketView Thursday, November 30, 2017

Summary The S&P 500 index closed at a record high and the Dow Jones Industrial Average broke above the 24,000 level for the first time on Thursday as investors gained confidence that the Republican party’s push for a tax overhaul would succeed. Republican Senator John McCain’s decision to back the tax bill provided a new…

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Rudd’s MarketView Wednesday, November 29, 2017

Summary The Nasdaq posted its largest one-day drop in more than three months on Wednesday as high-flying technology stocks felt the brunt of a sector shift into financials and other pockets of the market that could benefit from less regulation, lower taxes and rising interest rates. Gains in financial, industrial and healthcare stocks helped the…

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Rudd’s MarketView Tuesday, November 28, 2017

Summary Wall Street surged to record highs on Tuesday led by sharp gains in bank stocks, and boosted by progress for a tax cut bill, strong consumer confidence data and encouraging comments from President Trump’s nominee to lead the Federal Reserve. As a result, all three major equity indexes chalked up record closing highs. The…

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By Land, Sea or Air, GD Will Profit

Streetwise for Sunday, November 26, 2017 When you are inundated with a plethora of forecasts as to what Wall Street will do in the upcoming New Year, and you will be, remember that the driver of daily stock prices is not earnings, it is fear, hope and greed. In the short-term, those three emotions will…

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Rudd’s MarketView Monday, November 27, 2017

Summary The major domestic equity indexes ended Monday’s trading session with little to show for the day’s activity as gains for Amazon countered losses in shares of energy stocks. At the same time, there was some satisfying economic news indicating that sales of new single-family homes unexpectedly rose in October to a 10-year high. Prospects…

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Rudd’s MarketView Wednesday, November 22, 2017

Summary The major domestic equity indexes were relatively unchanged on Wednesday, with telecom services being among the largest movers, while the energy sector rose in line with gains in crude oil. Verizon and AT&T rose 2.0 percent and 1.6 percent respectively on the idea that they will benefit from the government’s plan to rescind net…

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Rudd’s MarketView Tuesday, November 21, 2017

Summary This time of the year is not particularly conducive to major gains on Wall Street, yet Tuesday saw the major domestic equity indexes climb sharply as the three key indexes chalked up record closing highs, led by gains in this year’s top-performing technology sector. The S&P 500 index reached a record closing high for…

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Smucker’s Assets Outweigh Stock Price

Streetwise for Sunday, November 19, 2017 In a recent column, I discussed how at the end of each year I offer up 12 investment ideas, the performance of which I then review a year later. The list is designed to be a catalyst to stimulate ideas and thinking on your part about potential investment candidates…

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