Comeback, almost:
- With legit oil producer Libya still in flux, to say the least, stocks continued their inverse relationship with oil prices — oil prices go down, stocks go up, and vice-versa. On Thursday, the market was headed for a third-straight significant selloff, but oil worked its way lower — actually finishing below Wednesday’s levels — and stocks worked their way higher, albeit not high enough to avoid a smidgeon of a decline. Tech stocks, in fact, bounced back into the green for the day. Small-caps also had a decent day, showing that maybe there’s still some taste for some risk. Bonds, however, showed the opposite, with the 10-year yield slipping to 3.44% Two weeks ago, it was pressing 3.75%. Gold and silver prices were essentially unchanged.
- After the closing bell, a bevy of companies saw some volatility from earnings reports. Some stocks went up: OmniVision (NASDAQ:), Salesforce.com (NYSE:), SandRidge Energy (NYSE:), Deckers Outdoor (NASDAQ:), Crocs (NASDAQ:) (really!) while one — Nutrisystem (NASDAQ:) went waaaaay down. Boeing (NYSE:) also caught a bid after winning a $3.5 billion air tanker contract from the Dept. of Defense.
- On Friday, an earnings report from JCPenney (NYSE:) is about the biggest deal going. Economic data brings the second estimate on real fourth-quarter GDP and the February report on consumer sentiment.
OUT THERE SOMEWHERE:
- In case you had any concerns at all about last year.
- iPad owners actually like the .
- I’m trademarking this now: the.
- Can an improved economy include a in home prices since June?
- Buy gas now — BofA thinks will shut it down for a while.
- New are not getting it done.
- How about sectors these days?
- Should we have ever left it? is back in vogue.
- A guy can dream — the end of the .
