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The second quarter earnings season is well on its way and this week will be jam packed with yet another round of reports. Last week, aluminum giant Alcoa (AA) reported a $119 million second quarter loss due to weak aluminum prices, putting the bellwether’s EPS at a mere 7 cents per share, but still slightly higher than Wall Street estimates. On Friday, JPMorgan (JPM) reported second quarter earnings rising 31%, while Wells Fargo & Co. (WFC) net income surged 19% [see 25 Wild ETF Charts From 1H 2013].  [click to continue…]

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Earlier this week, aluminum giant Alcoa (AA) unofficially kicked off the Q2 2013 earnings season – posting both hits and misses. After the closing bell on Monday, the company reported a $119 million second quarter loss due to weak aluminum prices, putting the bellwether’s EPS at a mere 7 cents per share. Alcoa’s EPS did, however, manage to beat analysts’ estimates by one cent. And while Wall Street has been somewhat pessimistic about this earnings season, Monday’s results somewhat managed to lift investor optimism [see 25 Wild ETF Charts From 1H 2013].  [click to continue…]

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Six months have passed in 2013 and the financial world has had plenty to buzz about. From a bull run in U.S. to worries over the stability of the global economy, the first half of the year has been one of the most memorable stretches the investing world has seen in a long time. Already, […]

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Wiping out the previous session’s losses, U.S. equities rallied to close near session highs today following several upbeat economic reports. The Labor Department reported that weekly jobless claims declined 12,000 to a seasonally adjusted 334,000, the lowest level in nearly five years. In a separate report, retail sales in May increased 0.6%, marginally higher than […]

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After a rather lackluster open, U.S. equities managed to log in modest gains as investors weighed today’s tepid economic data. According to the Labor Department, weekly jobless claims unexpectedly increased by 10,000 to 354,000 last week; analysts were expecting the figure to come in at 340,000. In a separate report, the U.S. economy grew at […]

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U.S. equities closed at record highs today after the legendary hedge fund manager David Tepper commented that he is “definitely bullish” on stocks. In an interview with CNBC, Tepper also cited that he sees an improving economy, particularly in the housing and auto markets, as reasons to be bullish. Meanwhile in economic news, U.S. small-business […]

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Though no major economic data was reported this week, Wall Street charged ahead, pushing the Dow Jones Industrial Average above the milestone 15,000 level for the first time on Tuesday. Meanwhile, investors digested several key developments from outside of the U.S.: in a surprising move, the Reserve Bank of Australia slashed its benchmark interest rate […]

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Warren Buffett has been a hot topic in the media in recent days after the legendary investor jumped on the social media bandwagon and joined Twitter last week. Appropriately so, Buffett’s first tweet was “Warren is in the house,” and in a matter of a few hours, the account’s followers swelled to nearly 400,000. Over […]

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It was a quiet day on Wall Street today with no major economic or earnings news reported. Stocks traded in a tight range during the session, as investors seemingly took a breather from Friday’s rally that had the Dow Jones Industrial Average rising above 15,000 and the S&P 500 topping the 1,600. Investors did however, turn […]

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The first quarter of 2013 earnings season has taken over the headlines, with several bellwethers reporting both hits and misses. Of the trends seen so far this season, firms missing revenue expectations seems to be a predominant one; many companies have beaten profits not because revenues are up, but because costs have decreased. However, some firms have […]

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Following a pair disappointing U.S. economic reports, Wall Street went on the defensive today, sparking a broad sell-off. The Institute for Supply Management’s reading on the U.S. non-manufacturing sector came in well below expectations, falling to its lowest level since August of 2012. This follows Monday’s ISM manufacturing report which showed that the manufacturing purchasing managers index fell to […]

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Short-term traders and long-term investors alike have flocked to exchange-traded funds (ETFs) in large part because of the exposure they provide to different segments of the economy, including stock sectors, commodities, bonds, real estate and global markets. Investors can now buy a single ETF providing diversified exposure to a specific area of the global economy, […]

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