** S&P 500 snaps 3-week win streak, though just inches lower by 0.08%. This as 155 cos prepare to report results next week, the busiest period of Q1 earnings season ** Indeed, the SPX is almost there in terms of a new high , and Nasdaq is also nearing its high hurdle ** But given weak flow, there's risk the advance may run dry . This as the NYSE Composite's tepid breakout looks challenged ** And an evil twin may rear its ugly head, just as the Dow Futures try to get back on track ** In the end, majority of sectors rise: Industrials and tech lead, while healthcare and real estate weigh ** Industrials rally 1.3%. Sector hums after well-received earnings reports from heavyweights Honeywell International and Union Pacific ** Tech rises 1.3%. Chipmaker Qualcomm soars 40%, wins major victory in surprise settlement of legal dispute with Apple Chip index gains ~4% ** Communication Services up 0.7%. Wall Street believes in Netflix despite its bleak Q2 outlook ** Financials add 0.7%. At … [Read more...] about BUZZ-U.S. stocks weekly: Calm before the earnings storm
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A RimBlades USA study examines the value of classic Porsche models against the S&P. The 1956 356A 1600 Speedster and a 1997 993 Turbo are among the Porsche cars considered. How did theses and other classic Porsches perform against the S&P? The results might surprise you. Here’s one of those nifty stories about how much you would have made or lost buying and selling a particular kind of car versus the stock market. In this case, it’s Porsche versus the Standard & Poors 500 stock index. Stories like this come up every so often, and they actually go pretty far back. I once read a study that tied the Dow Jones into a woman’s hem lines in the 20s and 30s. So something might or might not track with stock values, but the real question is can you make money off the car you just bought? Solid Gold Volvos I was hanging out with my friend Carl The Mechanic at his shop many moons ago. I got there just as a customer was paying up and leaving. He was glowing over … [Read more...] about Porsche Versus S&P: Can Sports Cars Top The Stock Market?
** S&P 500 swings into and out of negative territory, but ultimately ends week unchanged ** Indeed, S&P Futures have been struggling . This while the DJI may still be lost at sea ** And although FANG stocks tried to bite back, a Nasdaq internal measure is flipping from green to red ** Majority of sectors advance; defensive plays consumer staples, real estate and utilities on firm footing, while consumer discretionary, energy and tech stumble ** Consumer Staples jumps 4.3 pct. Procter & Gamble has best day in 10 years on Fri after surprise qtrly beat, buoys group ** Financials up 0.8 pct. Morgan Stanley, Goldman Sachs both rise >6 pct as big banks end Q3 on high note ** Communication Services up 0.7 pct. Netflix leaps initially on subscriber growth, prompts analyst PT cut reversals, though ends week down 2 pct ** Health Care up 0.5 pct. UnitedHealth and Johnson & Johnson lift sector after qtrly beats, cheery outlooks ** Industrials off 1 pct. Worst SPX stock … [Read more...] about RPT-BUZZ- U.S. stocks weekly: Seeking traction
Ian Thibodeau and Henry Payne The Detroit News Published 2:38 p.m. UTC Jul 23, 2018 The British executive who supercharged Jeep and made the most American of brands a worldwide sales leader will rely on that experience to lead all of Fiat Chrysler Automobiles NV. Mike Manley was appointed Saturday as the Italian-American automaker's next CEO. Analysts — and the company's board — say the 54-year-old is the right man at the right time to continue longtime CEO Sergio Marchionne's push toward with driving profits in an increasingly saturated and competitive SUV and truck market, and a rapidly changing global automotive industry. In an emergency meeting in Italy, the automaker's board of directors replaced the 66-year-old Marchionne, who led the company for 14 years but is said to be in serious condition in a Swiss hospital with complications following surgery a few weeks ago. Manley's value is evidenced in the … [Read more...] about Under new chief, Fiat Chrysler future still more Jeeps, Ram trucks
Bill Laitner Detroit Free Press Published 12:17 p.m. UTC Jun 11, 2018 They used to be rare as a steel penny — people turning 100. Now they're still remarkable, just not so rare. Earlier this month, parishioners at Greenfield Presbyterian Church in Berkley celebrated the 100th birthday of member Jean Marnich, a church founder in 1949. Ever since then, Marnich has volunteered at the church, doing "just about everything but clean the men's toilets and preach, and I still might try preaching," Marnich said. Her actual 100th is June 9. A couple of days later, at a senior center in Grosse Pointe Farms, another party feted another Jean: Jean Gilbert had her 100th last week. While the crowd at Services for Older Citizens ate a heart-smart medley of chicken and vegetables, Gilbert got her favorite meal: Kentucky Fried Chicken, mashed potatoes with gravy and onion rings. At her table stood a framed photo showing Gilbert posing proudly in uniform while she … [Read more...] about Michigan is aging faster than the rest of the U.S. — here’s why