The Dow suffered a triple-digit loss Monday, as bank stocks put pressure on U.S. stocks. Tuesday saw the Dow close slightly higher with the rise in the price of oil, and a positive durable goods report on Wednesday took U.S. stocks higher again. A triple-digit gain greeted the Dow on Thursday, when investors responded to a rally in financials. Financials dragged the TSX to a triple-digit loss on Monday. Gains in energy stocks were mitigated by losses in financials on Tuesday, as the TSX closed flat. But there were two consecutive days of triple-digit gains for the TSX, as energy boosted stocks on Wednesday and financials advanced the Canadian market on Thursday. The Dow sank on Friday, dragged down by economic data and the rising price of oil, to close at 11,543.96, down 171.22 points. Meanwhile, the TSX managed a modest gain of 20.77 points, to close at 13,771.25.
On Monday…
Vic Wisemann of Investors Observer looked at how to make a fortune, even in this market.
Chris Vermeulen provided a gold sector update on the price action of some of the best gold ETFs.
The Gold Report interviewed Rob McEwen, of U.S. Goldcorp and Goldcorp, who believes that gold will start shining again.
In Microcap Monday, Danny Deadlock found success with techs.
Colin Cieszynski of CMC Markets reported that equities retreated as commodities rebounded.
In Monday’s Mid-day Minute, is the USO establishing a near-term bottom?
There was a bottom for oil, in Cotton’s Technically Speaking.
From the news desk of 24/7 Wall St.:
Energy company’s profits off 77%
Chinese photo-voltaic cell maker reaches milestone
Sy Harding said that market volatility can be an opportunity or a hindrance.
Then on Tuesday…
Guy Bennett looked at a recession-proof industry that is poised to gain 27% in 2008.
Mickey Fulp, the Mercenary Geologist, provided a resources and reserves primer for the lay investor.
Michael R. Mapa of InsideMetals.com asked, Is big oil good for America?
In Tuesday’s report from Colin Cieszynski of CMC Markets, energy equities and commodities rallied.
The Weekly Wizards asked, Can Wall Street stem the downturn?
In the Mid-day Minute, there were bearish technicals for NDX and QQQQ.
Fat Prophets asked, Have the markets bottomed? In part I, it was caveat emptor for now, but prepare for carpe diem as markets settle in the next few months.
The Gold Report spoke with Frank Barbera, who explained why he believes precious metals may power to new all-time highs in 2009.
On Wednesday…
In part II of Have the markets bottomed?, Fat Prophets looked at the energy sector, China, India, and commodities. Click here to read part I.
Sy Harding had two simple rules that can add significantly to annual profits.
In Wednesday’s report from Colin Cieszynski of CMC Markets, durable goods and rising commodities propelled equities higher.
The Daily Buy-Sell Advisor looked at profiting from the stocks that everyone hates.
Fat Prophets reported on Rio Tinto, as the mining giant announced strong results.
From the news desk of 24/7 Wall St.:
Renewable energy company wins transmission capacity auction
Marathon Oil considers splitting into two parts
Oil and gas company knows how to get attention
Electricity power plant gets thumbs-up from green crowd
In the Mid-day Minute, the natural gas pattern was still constructive.
Andrew Mickey wrote about crisis investing: seizing the opportunity.
Ockham Research had a Pfocus on Pfizer, a pharmaceutical company that is still attractive.
Two pharmaceutical stocks dropped amid news of deaths, reported A. Reza Saadat.
On Thursday…
Joseph Hargett of Schaeffer’s Research reported that Big Lots beat expectations and boosted its Q3 outlook.
Fat Prophets looked at oil supply and demand, and the fate of the Dow.
Oil exploration stocks get convention and hurricane boost, said Dr. Joe Duarte.
Thomas Englebert of SmallCapReview.com reported that Advanced ID Corp. is the second-largest in the Canadian RFIC market.
In the Mid-day Minute, the Qs were nearing completion of a recovery rally.
Fat Prophets commented on China and its oil demands.
In the Adens Report, a volatile market had investors spooked.
EnergyTechStocks.com looked at “Human Energy Efficiency,” and said that $4 billion of cost savings is waiting for businesses to tap.
Finally, on Friday…
Nancy Zambell reported on how to make college a reality, even with high tuition fees.
CIBC looks to solution mining, potash to “ramp up capacity”, wrote Guy Bennett.
Chris Ciovacco said that today’s stock rally changes little.
Fat Prophets looked at oil, the U.S. dollar, and the U.S. economy.
In Colin Cieszynski’s market report, there was quiet consolidation ahead of the long weekend.
There was a new upleg for the UltraShort Qs, in Friday’s Mid-day Minute.
Record results make a timely arrival for Anglo American and BHP Billiton, said Fat Prophets. Read part I about Anglo and part II about BHP.
Preet Banerjee gave us a lesson on CAPM, the Capital Asset Pricing Model.
