Tag Archives for " TSO "

0 Retail Sales Bring Back the Bears

It started in China again last night as they reported lower than expected inflation. Then U.S. retail sales were below expectations. Then Wal-Mart dramatically cut its future earnings forecast and whoosh…the stock was down 10% on its heaviest trading day since January 2009 and its lowest close since May 16, 2012.

In tonight’s Weekday Market Wrap video I look at all of today’s action and check in on Germany and China. Gold continues to push higher. Three new trade ideas tonight on Celgene (CELG), Lululemon Athletica (LULU) and Tesoro (TSO).  Continue reading

0 China is Back

At least for one day, China is back influencing the global markets. China released data last night that showed that imports dropped substantially due to weak domestic demand. This again is stoking fears about what’s really happening in China’s economy.

The DJIA was only down 50 points today but the other indices put in more reversal type price action with the SPX down almost 14 points and the Nasdaq down 42 points, closing almost on its low for the day. Biotech got hit hard again today with IBB down 3%.

In tonight’s Weekday Market Wrap video I look at all the market action including Valero (VLO), Tesoro (TSO) and Netflix (NFLX).  Continue reading