Rudd’s MarketView Thursday, November 9, 2017

Summary The major domestic equity indexes closed out the trading day in the red on Thursday, weighed down by losses in Microsoft and other technology issues. The key reason was a possible delay in expected corporate tax cuts as the legislation in the Senate differs dramatically from that of the House. The S&P 500 index…

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Rudd’s MarketView Wednesday, November 8, 2017

Summary The three key equity indexes closed at a record high on Wednesday as videogame makers rallied, and Apple’s market value climbed above $900 billion. Take-Two Interactive Software jumped 10.58 percent after the videogame maker offered a stronger-than-expected revenue forecast for the holiday quarter. That sparked a rally among its competitors, with Activision Blizzard surging…

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Rudd’s MarketView Tuesday, November 7, 2017

Summary The Dow Jones Industrial Average eked out a fourth consecutive record high close on Tuesday, while the S&P 500 ended marginally lower after a disappointing profit forecast from Priceline and a decline in the financial sector. The S&P 500 financial index led decliners with a 1.33 percent drop. Priceline fell 13.52 percent while travel-review…

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The End Game

Streetwise for Sunday, November 5, 2017 As the end of the 2017 comes into sight, it is time once again to view Wall Street in a manner like the end game of a chess match. And yes, like chess, it takes special skills to master the Street’s annual end game. What makes this time of…

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Anecdote to Fear in a Book

Streetwise for Friday, November 3, 2017 My mailbox has been inundated with a variety of media commentary and investment letters, all of which are profess the same theme, that Wall street is headed for a major correction in the order of 50 percent. (Note: In 2008 the S&P was down 38 percent.) I must take…

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Rudd’s MarketView Monday, November 6, 2017

Summary The major domestic equity indexes chalked up record highs on Monday, helped by optimism about merger activity in combination with a hope that the Republican plan to cut corporate taxes would increase corporate earnings. Qualcomm’s shares ended the trading day up 1.15 percent after Broadcom offered to buy the smartphone chip supplier for $103…

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The Ubiquitous Blue and Yellow Can

Streetwise for Sunday, October 29, 2017 A key element in the analysis of any company’s investment potential is the deference it has for its shareholders. Corporations that rank high on your investment list should respect their obligation to place the well-being of shareholders and employees above that of its executives. Unfortunately, executive compensation often points…

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Fear, Hope and Greed Drive the Market

Streetwise for Friday, October 27, 2017 The real driver of daily stock prices is not earnings, it is fear, hope and greed. Moreover, those three emotions can and often will counteract corporate fundamentals, product analysis, research and development programs, customer base, supplier relationships, and management expertise. Unfortunately, there are those who attempt to capitalize on…

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Rudd’s MarketView Friday, November 3, 2017

Summary Apple helped the major Wall Street indexes on Friday. As a result, the Dow Jones Industrial Average and the S&P 500 indexes chalked up their eighth consecutive week of gains, while the Nasdaq posted its sixth straight up week. Apple rose 2.6 percent as consumer demand for Apple’s latest iPhones continued unabated. In addition,…

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Rudd International Inc. Fall Lecture Series 10-19-2017

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