2 May, 2014 by The TZ Newswire Staff Comments Off on Trinity Closes Above Buy Point; Alliance Fiber Adds Gains
Trinity Closes Above Buy Point; Alliance Fiber Adds Gains
Some Sector Leaders had notable moves Friday despite a quiet market. Trinity Industries (TRN) rallied 1.99, or nearly 3%, to 76.28 in brisk trade. It hit a new high and closed above a 76.05 buy point from a flat base. It was the first time it finished above the 76.05 trigger since breaking out Wednesday in big turnover. The prior evening, the railcar maker beat views with its first-quarter results.
2 May, 2014 by The TZ Newswire Staff Comments Off on Handful Of IBD 50 Stocks Break Out In Heavy Volume
Handful Of IBD 50 Stocks Break Out In Heavy Volume
A handful of IBD 50 stocks broke out of bases in heavy volume last week following mostly positive earnings reports. For the week, the list of leading stocks rose 1.9%, better than the S&P 500’s 1.1% gain. AmTrust Financial Services (AFSI) showed the strongest action. The New York-based provider of property and casualty insurance soared above a 39.74 cup-with-handle buy point Thursday after better-than-expected quarterly results.
2 May, 2014 by The TZ Newswire Staff Comments Off on Do You Believe In Miracles?
Do You Believe In Miracles?
2 May, 2014 by The TZ Newswire Staff Comments Off on Fed testimony, Ukraine main focus for traders
Fed testimony, Ukraine main focus for traders
Testimony from Federal Reserve Chair Janet Yellen and Ukraine are what traders say could most affect markets in the week ahead.
2 May, 2014 by The TZ Newswire Staff Comments Off on Yields Fall; Ukraine Crisis Overshadows Jobs Report
Yields Fall; Ukraine Crisis Overshadows Jobs Report
Treasury bonds rose, pushing yields to a 10-month low, as investors looked past a report showing the U.S. added more jobs than forecast last month and sought a refuge from escalating tensions in Ukraine. Yields on the longest-maturity U.S. government security swung more than 10 basis points after initially rising after a government report showed the economy added the most jobs last month since 2012.
2 May, 2014 by The TZ Newswire Staff Comments Off on Berkshire quarterly profit hurt by winter weather, insurance
Berkshire quarterly profit hurt by winter weather, insurance
Warren Buffett’s Berkshire Hathaway Inc (BRK-A) (BRKb.N) on Friday said quarterly profit declined 4 percent, falling short of analyst forecasts, as earnings from insurance underwriting declined and bad weather disrupted shipping at its BNSF Railway unit.
2 May, 2014 by The TZ Newswire Staff Comments Off on Wall Street dips as Ukraine concern offsets upbeat jobs data
Wall Street dips as Ukraine concern offsets upbeat jobs data
U.S. stocks eased on Friday as concerns about more violence in Ukraine prompted profit-taking ahead of the weekend and offset optimism about the fastest job growth in more than two years. Healthcare shares were among the biggest drags on the S&P 500, including U.S. drugmaker Pfizer Inc (PFE). Its shares fell 1.3 percent to $30.75 after its sweetened bid for AstraZeneca Plc (AZN.L) was rejected. Adding to market pressure, more than 40 people were killed in the Ukrainian city of Odessa on Friday in the worst violence in the Black Sea port since President Viktor Yanukovich was ousted in February.