The drop came a day after stocks rallied Tuesday after the new head of the U.S. Federal Reserve vowed a continuation of low interest rates.
The Dow closed down 30.83 points, or 0.2% to 15,963.94 and the Standard & Poor's 500 index dipped 0.49, or 0.03%, to 1,819.26.
The Nasdaq composite index bucked the trend and gained 10.24 points, or 0.2%, to 4,201.29.
The yield on the 10-year Treasury note climbed to 2.76% from 2.73% on Tuesday. Oil rose 37 cents, or 0.4%, to $100.31 a barrel.
Stocks came under pressure from disappointing news from some major companies. Procter & Gamble, the world's largest household products maker, fell 1.7% to $77.49 after the company lowered its sales and earnings outlook due to recent declines in emerging market currencies against the dollar.
Top Services Stocks To Own Right Now: Seven & i Holdings Co Ltd (SVNDY)
Seven & i Holdings Co., Ltd. is a Japan-based holding company. The Company operates in six business segments. The Convenience Store segment operates convenience stores under the name 7-Eleven through direct operation and franchising. The Super Store segment operates general supermarkets, food supermarkets and specialty stores. The Department Store segment operates department stores with a focus on Seibu. The Food Service segment is engaged in the restaurant business, the contract food business and the fast food business. The Financial-related segment is engaged in the banking service, credit card and electronic money services. The Others segment is engaged in the information technology (IT) business. Advisors' Opinion:- [By Jim Jubak]
If you're a trader, you try to catch these ups and downs. If you're a longer term trader, you sort of go with Japanese equities. The one that I've got in Jubak's Picks is Toyota Motor, (TM), which trades in New York as an ADR. You can also go with something like Torre Industries (TRYIF), which trades as an ADR in New York as well as on the Tokyo exchange. They're the world's largest maker of carbon fiber, good play on exports to the aircraft and car industries. Or you can do something like Seven & I (SVNDY), the Japanese company that owns 7-Elevens around the world. So, those would be my ways to play a weak yen if you want to use Japanese equities for the week and the year ahead.
Best Heal Care Companies To Own In Right Now: Amkor Technology Inc.(AMKR)
Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States and internationally. It offers package formats and services using wirebonding and flip chip interconnect technologies that connect the die to the package carrier. The company?s package carriers include leadframe packages that utilize metal and place the electrical interconnect leads to the system board around the perimeter of the package; substrate packages, which utilize a laminate as the package carrier; and wafer-level packages. It provides chip scale packages comprising stacked chip scale packages for chipsets and memory applications; package-on-package solutions for the integration of logic and memory in a single footprint; and system-in-package modules that integrate two or more chips and passive device elements into a single package. The company also offers ball grid array packages comprising flip chip ball grid array packages that are used with silicon nodes f or small devices and other applications; and plastic ball grid array packages, which use wirebond technology. In addition, it provides other packaging services, such as wafer bumping services. Further, the company offers semiconductor testing services, including wafer testing or probe, final testing, strip testing, and end-of-line test services; and specialized logistical services, such as security certification and anti-counterfeit measures. It primarily serves the communications, consumer, computing, networking, automotive, and industrial markets. Amkor Technology, Inc. was founded in 1968 and is headquartered in Chandler, Arizona.
Advisors' Opinion:- [By Alex Planes]
What: Shares of Amkor Technology (NASDAQ: AMKR ) are up by over 10% today after beating expectations on both top and bottom lines in its first-quarter earnings report.
- [By Monica Gerson]
Amkor Technology (NASDAQ: AMKR) shares gained 1.63% to touch a new 52-week high of $7.46. Amkor Technology's PEG ratio is 0.94.
Abraxas Petroleum (NASDAQ: AXAS) shares gained 2.94% to reach a new 52-week high of $4.55. Abraxas Petroleum shares have jumped 93.01% over the past 52 weeks, while the S&P 500 index has gained 17.50% in the same period.
Best Heal Care Companies To Own In Right Now: Eco-Tek Group Inc (ETEK)
Eco-Tek Group, Inc., incorporated on April 10, 2007, is engaged in manufacturing and marketing of green lubricants and specialized systems with an automotive sector but also applicable to a variety of industrial, farm and virtually all mechanical equipment. The Company�� products include Eco-Tek Super Lubricant, Eco-Tek 3000 Synthetic Motor Oil, Eco-Tek 4-in-1 Fuel Treatments, Eco-Tek HD Synthetic Oil Stabilizer, Eco-Tek Bypass Oil Cleaner, Eco-Tek Engine Flush, Eco-Tek Lube Centres, Eco-Tek Test-Results, Eco-Tek Our Inventor and Eco-Tek Limited Warranty.
The Company�� motor oil and lubricant is zinc free. Eco-Tek Engine Flush which cleans internal engine components extends engine life and restores lost performance due to sludge and buildup. Eco-Tek Premium Orange Hand Cleaner, which contains pumice to clean, aloe and lanolin to moisturize. Eco-Tek Non-Toxic Super Lubricant, reduces friction, fuel consumption, harmful contaminants in oil, reduces smoke, vibration and noise.
Advisors' Opinion:- [By Peter Graham]
Small cap green stocks Eco-Tek Group Inc (OTCMKTS: ETEK) and BluForest Inc (OTCMKTS: BLUF) have been getting some attention lately thanks to some green���as in paid for promotions. Of course, there is nothing wrong with properly disclosed promotions, but one of these stocks happens to be getting a considerable amount of attention as its been the subject of numerous transactions. With that in mind, will investors see some green with these green small cap stocks? Here is a quick reality check:�
Best Heal Care Companies To Own In Right Now: Citi Trends Inc (CTRN)
Citi Trends, Inc., incorporate on March 3, 1999, is a retailer of urban fashion apparel and accessories for the entire family. The Company offers branded apparel from national brands, as well as private label apparel, accessories and a limited assortment of home decor items. As of February 2, 2013, the Company operated 513 stores in both urban and rural markets in 29 states. The Company�� stores average approximately 10,700 square feet of selling space and are located in neighborhood shopping centers. The Company also offers products under its brands, such as Diva Blue, Red Ape, Vintage Harlem and Lil Ms Hollywood. The Company�� store offers a variety of products for men and women, as well as children. During the fiscal years ended February 2, 2013 (fiscal 2012), the Company opened four new stores.
The Company's merchandise includes apparel, accessories and home decor. Within apparel, the Company offers fashion sportswear for men, women and children, including offerings for newborns, infants, toddlers, boys and girls. Accessories include handbags, jewelry, footwear, belts, intimate apparel and sleepwear. All merchandise sold in the Company's stores is shipped directly from its distribution centers in Darlington, South Carolina and Roland, Oklahoma.
The Company competes with TJX Companies, Inc., Ross Stores, Inc., The Cato Corporation, Burlington Coat Factory Warehouse Corp., Rainbow, Dots, It's Fashion!, Simply Fashions, Wal-Mart and Target, Kmart.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Citi Trends (Nasdaq: CTRN ) , whose recent revenue and earnings are plotted below.
No comments:
Post a Comment