A Feast-or-Famine Market
The most notable aspect of the action today is the large number of big moves, most of which are a product of earnings announcements. I'm talking about such names as Cirrus Logic (CRUS), Xilinx (XLNX), Logitech (LOGI), NewMarket (NEU), SolarWinds (SWI) and so on.
But what makes the action really stick out is that the macroeconomic backdrop is quite soft. While the pending home-sales number was better than expected, almost every other recent economic data release has missed estimates, and the poor weekly unemployment claims this morning has triggered some cuts to targets for next week's monthly claims. ...204 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.