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Major Averages Reverse Early Losses In Higher Volume

Tuesday was shaping up to be another ugly day for the stock market, but major averages recovered impressively and closed near highs on a busy day of headline flow. The S&P 500 led the way, rising 0.7%. The Dow Jones industrial average gained 0.6%, helped by strong earnings from Coca-Cola (KO) and Johnson & Johnson (JNJ). The Nasdaq, meanwhile, came close to its 200-day moving average …

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Self-Directed Investors Lift Growth At Online Brokers

If there was one message from Charles Schwab’s (SCHW) earnings report Tuesday, it’s that the self-directed investor is alive and well.
First-quarter profit at Schwab jumped 60% from a year ago to 24 cents a share, the fourth straight quarter of acce…

A Mature Qualcomm Offers A Growing Dividend

Qualcomm (QCOM) was one of the great growth stories of the 1999 dot-com boom. Its stock blasted out of a base and soared more than 2,000% before finishing its big move with a spectacular climax run.
Times have changed. Today, Qualcomm is still on th…

Arris Group Tests Prior Support Level

The Sector Leaders were mixed Tuesday, as a couple of the stocks came to important levels on their charts. Arris Group (ARRS) climbed 0.17 to 25.60 in above-average volume. What was significant about the stock’s movement was that it reversed higher after touching the 25 price level. That’s where Arris found support back in early February, and it suggests shares might bottom at that level again. …

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Rising Tensions In Russia, Ukraine Boost Treasuries

Treasuries rose, pushing 30-year bond yields to the lowest level in nine months, as tensions between Ukraine and Russia escalated, boosting haven demand.
U.S. debt strengthened as Ukrainian units backed by armored personnel carriers blocked all approa…

Wheat Surges; Cold Damages Crops In Plains

Wheat futures rose, capping the biggest two-day gain in 21 months, after freezing weather damaged winter crops in the U.S. Great Plains.
On the Chicago Board of Trade, hard red winter wheat futures for July delivery rose 3.1% to settle at $7.715 a b…

Dow, S&P 500 Back In Plus Column

Stocks mounted a comeback and have turned mixed in late trading Tuesday.
The Dow Jones industrial average and the S&P 500 were each up about 0.1%. They were off by as much as 0.7% and 0.8%, respectively. Meanwhile, the Nasdaq pared a 1.9% drop t…

Stocks: Thin Gains; Yellen Coaxes Banks To Fortify

Stocks rolled up early gains in weak trade, as soft economic news did little to coax investors off the sidelines.

The S&P 500 and the Dow Jones industrial average scrambled ahead 0.4%. The Nasdaq fought to hold a fractional gain.

Volume opened on weak footing, with the Nasdaq trading 19% lower and the NYSE down 13% compared with early trade Monday.

The stock market today opened to comments from Federal Reserve Chairwoman Janet Yellen, speaking in a video recording played before an Atlanta Federal Reserve conference.

The Fed chief made a case for big banks to fortify themselves by setting aside more capital than recommended by recently upgraded Fed standards. Yellen also said the international banking standards, made more rigid following the 2008 financial crisis, “do not fully address the financial stability concerns associated with short-term wholesale funding,” and that the Fed was “actively considering additional measures that could address these and other residual risks.”

A bump up in inflation, driven primarily by an increase in housing costs, pushed the March Consumer Price Index up 0.2% — more than expected.

Despite the suggestion of stronger housing prices, the National Association of Homebuilders reported that its April Housing Market Index sat flat at 47. The group revised its March number lower, to 46 from 47, so the April result was a de facto gain. The index showed builder confidence relatively steady, but below 50 for a third straight month and still well below levels posted in July through January.

In stocks, Coca-Cola (KO) batted out a 3% gain after reporting its first-quarter earnings, leading the Dow. A handful of recently battered biotech stocks rebounded in early action. Gilead Sciences (GILD) and Biogen Idec (BIIB) bounced 3% in big trade to top the Nasdaq 100. But both stocks remain weakened.

Leading stocks again posted broad gains at the open. More than four in five IBD 50 stocks rose out of the starting gate. Among the early risers, touch-sensor technology developer Synaptics (SYNA) jumped 2% in mild trade. The stock drifted below the 10-week moving average in back-and-forth action begun March 24 and is seven weeks into a consolidation.

Stock Futures Firmly Higher; Zebra, Coca-Cola, J&J Surge

Stock futures crept higher for a second day ahead of Tuesday’s open, despite a weak reading on New York region manufacturing and rising tension in Ukraine.

Dow futures were 23.8 points above fair market value and rising. Nasdaq 100 futures climbed 11.4 points and S&P 500 futures tacked on 3.5 points.

The stock market today opens in its continued correction, following Monday’s weak volume gains. Investors will have an ear out for comments from Federal Reserve Chairwoman Janet Yellen, reportedly via video, at the Atlanta Federal Reserve’s Financial Market Conference scheduled for just before 9 a.m. ET.

The world has a wary eye on Ukraine, where authorities in Kiev say they have launched a counteroffensive vs. pro-Russian separatists reportedly holding official buildings in 10 cities in eastern Ukraine. A Facebook post from Russian Prime Minister Dmitry Medvedev declared the Kiev government that had “illegally” assumed power in February had pushed the country to “the brink of civil war.”

Signs of inflation flickered as the Labor Department’s March Consumer Price Index rose 0.2%, above February’s 0.1% gain and the 0.1% increase expected by analysts. Food and energy prices had no effect, with the core CPI — minus those factors — also up 0.2%, vs. estimates for a 0.1% gain.

The New York Federal Reserve turned in a weak reading on regional manufacturing for April, with the Empire State Manufacturing Index dropping to 1.3, down from March’s 5.6 performance and far below consensus expectations for an uptick to 7.5.

In earnings news, Johnson & Johnson (JNJ) climbed 2% before the open and Coca-Cola (KO) jumped 3% after solid first-quarter reports.

Zebra Technologies (ZBRA) rumbled up 11% in premarket trade. The Illinois-based maker of bar code and scanning-related technologies updated its Q1 earnings and revenue guidance to above consensus forecasts. It also said it had agreed to pay $3.45 billion to buy Motorola Solutions enterprise business. The Motorola business reported $2.5 billion in revenue last year, the companies said, vs. Zebra’s $1 billion in sales. Zebra said the deal would immediately add to earnings, and that it planned to add 4,500 employees once the deal was closed.

Zebra shares ended Monday in a test of support at their 10-week moving average, trading below a March high.

On the downside, NQ Mobile (NQ) toppled 5%. The China-based mobile security software developer tanked 20% Friday, and another 13% Monday, after reporting weaker than expected Q4 results and revealing an accounting error.

Overseas, China’s markets dived with the Shanghai Composite ending down 1.4% and Hong Kong’s Hang Seng index off 1.6%. Tokyo’s Nikkei 225 added 0.6%. Europe’s markets were narrowly mixed, with Frankfurt’s DAX lagging 0.2% after a weak reading on April economic sentiment.

The dollar continued to edge higher. Oil and gas eased, but held to their recent ranges. Gold tumbled nearly 2%, to just above $1,301 an ounce.

The National Association of Homebuilders delivers its April Housing Market Index at 10 a.m. ET.

GasLog Continues Exceptionally Strong Advance

Most of the Sector Leaders were lower Monday, despite significant gains in the general market. But GasLog (GLOG) continued its headstrong advance, adding 1.60, or 6%, to 27.13. Volume was more than 2-1/2 times the stock’s average, indicating the institutional demand for the stock hasn’t dried up. The shipping company for liquefied natural gas made another new high. It has nearly doubled from the …

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