As the Nasdaq hits 11 year highs, volume drops to 10 year lows

On Friday of last week, it was announced that unemployment rate fell in January to 8.3% and that more jobs were created than previously expected. As a result the Dow Jones industrial average rallied to levels not seen since the summer of 2008 and the S&P 500 is nearing its 2011 high. Yet it’s the technology-heavy Nasdaq that has been the most impressive index. As of Friday last week the Nasdaq is trading at levels not seen since the last […]

Read more »

Some interesting non-football stats from this year’s super bowl

Today we’re going to have some fun and look at some amazing numbers and figures Super Bowl 46 generated this past weekend – 111.3 million.  This is the amount of people that watched this year’s Super Bowl, making it the most watched television event in American History.   114 million.  The estimated number of viewers that watched Madonna’s Super Bowl halftime show, almost 3 million more than the game itself.  68,000. The number of people that attended this year’s Super Bowl at Lucas Oil […]

Read more »

Analyzing Exxon Mobil and the oil industry

In an interview with Business News Network I discussed Exxon Mobil’s quarterly earnings report that was released yesterday.  We also talked about how refining profits are dropping and my outlook for crude oil. What do you think about Exxon’s quarter?  Where do you think oil is headed? — The Stock Enthusiast

Read more »

Student loan rate set to double

President Obama visited my alma mater, the University of Michigan (Go Blue), on Friday and spoke about college affordability and tuition costs.  He is pushing Congress to extend the law that phased in rate reductions for subsidized loans to undergraduate students. There are primarily two types of federal student loans: subsidized and unsubsidized. The difference is that the government doesn’t start charging interest on subsidized loans until the student graduates. With unsubsidized loans, by contrast, interest starts accruing right away.  Unsubsidized […]

Read more »

What did the Federal Reserve say yesterday that caused gold to rally over $1,700?

The US Federal Reserve surprised the markets on Wednesday by saying that interest rates could stay at historic lows until late 2014. The new commitment replaces the statement that economic conditions were likely to stay at the range of 0% to 0.25% until at least mid-2013.

Read more »

What is the world’s most valuable company?

After the stock market closed yesterday, Apple Inc. (AAPL) reported its quarterly earnings. The company easily beat Wall Street’s estimates, which propelled the technology giant’s shares to trade up $30, or 7% after hours. With the stock trading at roughly $453, Apple now has a market capitalization of more than $420 billion. This surpasses Exxon Mobil’s Corp. (XOM) market cap of $418 billion, making Apple the world’s most valuable company. The business that Apple generated in their fiscal first quarter […]

Read more »

After a strong rally, where is the stock market headed next?

The US stock markets closed near six-month highs on Friday, extending gains for a third week.  Since 2012 kicked off the Dow Jones Industrial Average is +4.1%, the S&P 500 is +4.6%, and the NASDAQ is +7.1%.  This is the most the markets have moved up during the first few weeks of January since 1987.  So will this rally continue? Bullish investors point to three main reasons as to why it will: 1) Continued improvement in Europe The European Central […]

Read more »