Rudd’s MarketView Monday, October 9, 2017

Summary Wall Street fell from record levels on Monday as gains in Microsoft and other technology stocks failed to offset a decline in General Electric and a slide in healthcare stocks. The S&P healthcare index ended the trading day 0.67 percent lower, weighed by a 3.61-percent slide in Medtronic after the medical device maker warned…

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Rudd’s MarketView Friday, October 6, 2017

Summary The S&P 500 chalked up a small loss on Friday, ending a six-day run of record highs as the first monthly decline in nonfarm jobs in seven years dampened sentiment and pharmacy shares fell on Amazon competition fears. The Nasdaq ended up for a ninth straight day, however, and set its sixth straight record…

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Rudd’s MarketView Thursday, October 5, 2017

Summary The major equity indexes rose to record highs again on Thursday, benefiting from a move into riskier assets. There was also increased optimism over a tax overhaul as Congress moved closer to agreement on a budget resolution along with the recent signs of economic strength. The House of Representatives voted to adopt a fiscal…

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Rudd’s MarketView Tuesday, October 3, 2017

Summary The major domestic equity indexes and the Russell 2000 index posted record high closes for the second straight day on Tuesday, helped by gains in airlines and the automobile manufacturers. Major automakers posted higher new vehicle sales in September as consumers in hurricane-hit parts of the country rushed to replace flood-damaged cars. Cars and…

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Rudd’s MarketView for Monday, October 2, 2017

Summary The major domestic equity indexes began the fourth quarter on a strong note on Monday, with all three major indexes hitting record high closes as data pointed to underlying strength in the economy. Manufacturing activity hit a 13-1/2-year high in September. Disruptions to the supply chains caused by Hurricanes Harvey and Irma resulted in…

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Robotic Surgery and Intuitive Surgical (ISRG)

Streetwise for Sunday, October 1, 2017 It seems that every year the question is worded in a slightly different context but the underlying theme is always same. What is going to happen on Wall Street if…and here you can substitute the event de jour. Unfortunately, all the crystal balls in the world are not going…

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An Update on Toro (TTC)

Streetwise for Friday, September 29, 2017 A degree of uncertainty and volatility are part and parcel of the investment world. That has always been the case and it always will be. Therefore, it is up to you to select from an abundance of what might be considered lemons, from which you can make lemonade. Consider,…

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Rudd’s MarketView for Friday, September 29, 2017

Summary The S&P 500 and the Nasdaq advanced to record levels on Friday, lifted by advances in technology stocks, while each of the major indexes closed out the quarter with solid gains. The technology index was the best performing of the major S&P sectors, up 0.75 percent, its fourth straight day of gains to recover…

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Rudd’s MarketView for Thursday, September 28, 2017

Summary The major equity indexes just managed to squeeze over into positive territory on Thursday. Shares of McDonald’s rose 2.23 percent, their largest single-day percentage gain in more than two months, after Longbow Research upgraded the stock to “buy.” The financial index was up 0.12 percent, while the Russell 2000 index of small cap stocks…

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Rudd’s MarketView for Wednesday, September 27, 2017

Summary The major domestic equity indexes were higher on Wednesday, as gains in financial shares were powered by growing expectations for a December interest rate hike and on hopes President Trump’s administration may be making progress on a tax plan. New capital goods orders increased more than expected during August and shipments maintained their upward…

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