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Closing Bell: Fighting for 12K and 1300 (EGPT, IRE, WFR, NAVI, SCON, WHR)

Stocks went above 12,000 on the DJIA and 1300 on the S&P 500 Index yesterday but the indexes were fighting over whether they wanted to close in the red or in the black this Wednesday. A preliminary report from ADP on employment did not do much to help out, and fresh violence between protesters in Egypt may have added some skepticism. Fortunately, Puxatawny Phil said Spring is on the way.

Here were today's closing bells:

Dow Jones 12,041.97 +1.81 (0.02%)
S&P 500 1,304.03 -3.56 (-0.27%)
Nasdaq 2,750.16 -1.03 (-0.04%)

Top Analyst Upgrades and Downgrades

Continue reading Closing Bell: Fighting for 12K and 1300 (EGPT, IRE, WFR, NAVI, SCON, WHR)

Chasing Value™: Tale of Two Tech Stocks (ISRG and SCON)

You win some you lose some. This story is about one of my less successful investments, which I acquired and sold many years ago. Over the past four years, I have written many times about Intuitive Surgical (ISRG), by far my best stock investment, up 4,500%, give or take, over a ten-year period. I bought in at the bottom and held on for the ride, until last year when the market tanked and took Intuitive Surgical with it.

The other company was Superconductor Technologies (SCON), the makers of high-temperature devices that improve communications transmission quality.

Continue reading Chasing Value™: Tale of Two Tech Stocks (ISRG and SCON)

Closing Bell: Losing DJIA 10,000 (ARST, JDSU, WSC, BRK.B, SCON, CERP)

The day was starting out solid after jobless claims took a real drop and got further away from last week's 500,000 claims. The problem is that Midwest manufacturing data was weak and there are concerns that tomorrow's Q2 GDP revision is going to be far worse than the prior report. Bond yields also continued to head south as investors are seeking safety in bonds and exiting stocks during the dog days of summer.

Here were the unofficial closing bell levels:

Dow Jones 9,985.81 -74.25 (-0.74%)
S&P 500 1,047.22 -8.11 (-0.77%)
Nasdaq 2,118.69 -22.85 (-1.07%)

Top Analyst Calls
DJIA Stocks Yielding More than 10 & 30 Year Treasuries

Continue reading Closing Bell: Losing DJIA 10,000 (ARST, JDSU, WSC, BRK.B, SCON, CERP)

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 27, 2012: 03:52 PM

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