Rudd’s MarketView Monday, November 13, 2017

Summary The major domestic equity indexes ended the trading day on Monday in positive territory as a sharp decline in General Electric was more than offset by gains in high dividend-paying sectors including consumer staples and utilities. General Electric slashed its dividend by 50 percent and cut its profit forecast while unveiling a plan that…

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GE – A Monument to Bad Management

Streetwise for Sunday, November 12, 2017 Nothing worthwhile in life comes easy and investment success is no exception. Yes, Wall Street can be a rose garden but only if you avoid the ever-present thorns. One way of doing so is to maintain a firm belief that you invest in a company because, and only because,…

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The Great Debate

Streetwise for Friday, November 10, 2017 As the year moves toward its final month, let me once again try to smooth the feathers of those readers who continue to complain that I never address the issue of technical analysis. The question arises because one of the great investment questions of all time is whether to…

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Rudd’s MarketView Friday, November 10, 2017

Summary The major equity indexes marginally lower or in the case of the NASDAQ, up a hair on Friday, with losses in Intel and Apple as investors worried about the future of promised corporate tax cuts following dueling plans unveiled by Republican lawmakers. Intel fell 1.55 percent and Apple ended the trading day down 0.33…

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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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