Wall Street Updates

Wall Street Updates

U.S. stock market ended green on Thursday with major stock indexes closing on record highs. It was helped by the indications of European Central Bank would take more policy action if needed to boost a struggling euro zone economy. Unemployment claims decreased from 288k to 278k this week which acted as a catalyst in market to support bulls. Unemployment rate is due on Friday and is expected to keep up the good pace of the market.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Nevro	25.45	41.39
CGG ADS	07.32	31.65
Polypore International	53.47	24.52
Alamo Group	49.13	22.55
Kate Spade	30.95	17.84

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Genworth Financial CI A	08.70	38.17
Walter Investment Management	17.23	20.77
Nation Star Mortgage Holdings	28.41	20.35
Cenveo	01.75	19.35
Stonegate Mortgage	11.99	14.60

U.S. stock pick of the day : NIELSEN N V

Stock pick of the day

Recommendation    :            Buy above $42.80
Target                     :            $44.50

STOCK SUMMARY:-
 
Nielsen N V is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $42.80 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $44.50.

CHART FORMATION
 
Stock is in bullish trend for near term and price is sustaining below resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $42.80 is expected, which would trigger further bullish sentiment in the stock to test the levels of $44.50.

Technical Chart

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

New York Stock exchange overview

U.S. stock market Overview

U.S. stock market again ended on a positive note on a positive note on Wednesday as stock market boosted with Republican mid term election win. Tech Companies tried to drag the market down in the first half of the session but in the second half market was able to recover to touch all time highs. Employment data is due on Thursday which is expected to help keep up the positive pace of the economy.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Coupons.com	16.57	33.20
Paycom Software	21.15	19.29
Alpha Natural Resources	02.43	16.83
Eastman Kodak	23.48	12.51
Antero Midstream Partners	28.03	12.12

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
New York	02.61	17.41
Tribune Publishing	16.39	15.38
Nu Skin Enterprises CI A	43.76	13.21
Leju Holdings ADS	13.90	13.02
ITT Educational Services	10.41	12.67

Wall street stock of the day : GENERAL ELECTRIC CO

Stock pick of the day

Recommendation   :             Buy above $26.00
Target                      :            $28.50

STOCK SUMMARY:-
General Electric Co is overall in consolidate trend and is sustaining at lower levels on chart. Traders  can buy the stock above the level of $26.00 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $28.50.

CHART FORMATION
Stock is in bullish trend for near term and price is sustaining below resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $26.00 is expected, which would trigger further bullish sentiment in the stock to test the levels of $28.50.

Click to enlarge

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

US stock market overview

U.S. stock market again ended on a bullish note for the second consecutive day on Tuesday with election prediction weighing the market. In the house, republicans appears likely to expand their majority. Investors are also looking for evidence that world's largest economy can sustain a withdrawal in central-bank stimulus. ADP Non-Farm employment change is due on Wednesday, which is expected to support the economic sustained growth.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Continental Building Products	16.89	18.69
Monster Worldwide	04.20	14.93
Campus Crest Communities	07.26	14.69
Nautilus	14.91	10.04
King Digital Entertainment	12.96	08.18

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Herbalife	44.27	20.81
RCS Capital	10.89	20.45
Sprint	05.17	16.61
Stone Energy	20.52	15.94
Comstock Resources	09.47	15.37

NYSE stock pick of the day : BED BATH & BEYOND INC

Stock of the day

Recommendation    :            Buy above $68.00
Target                     :           $70.50

STOCK SUMMARY:-
 
Bed Bath & Beyond Inc is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $68.00 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $70.50.

CHART FORMATION
 
Stock is in bullish trend for near term and price is sustaining above resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $68.00 is expected, which would trigger further bullish sentiment in the stock to test the levels of $70.50.

Technical chart

INDICATORS:-
 
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

NYSE stocks analysis

 

US stock market overview

U.S. Stock market again ended on a bullish note on Friday, to end the whole week in green. The latest numbers for GDP has also indicated that the economy is growing at a stabilized rate. With positive sign of not increasing interest rate till the start of next year has boosted the market sentiments positively. With manufacturing data due on Monday it is expected to keep up the good pace in the economy to help bulls takeover the market.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Imperva	40.99	26.20
Spansion CI A	20.63	24.80
GAIN Capital Holdings	08.54	21.14
Universal Insurance Holdings	17.35	15.74
Verso Paper	02.86	15.32

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Regional Management	11.75	34.69
Niska Gas Storage Partners	05.81	20.08
Kinross Gold	02.15	13.45
Yamana Gold	03.96	11.21
Tempur Sealy International	52.74	10.16