Wall Street Sees Third Week of Gains on Strong Tech Moves

Weekly Wrap Up

This week the S&P 500 continued to rally and hit record numbers and by Tuesday the Dow topped 15,000 for the first time. All three major indices saw their third week of consecutive gains. Even though job openings fell this month, jobless claims dropped to an unexpectedly low number and the four-week moving average was the lowest since 2007.

Green Mountain Coffee Roasters (GMCR: Charts, News) soared after announcing net sales and Tesla Motors (TSLA: Charts, News) also jumped after releasing Q1 revenue.
The dollar crossed over the 100 yen mark while gold futures lost 2% on the week with prices falling more than $30 just during Friday's session. More Market News

Economic News

China, German Data Push Shares to 5-Year Highs
Global equity markets and the euro rose on Wednesday as strong Chinese trade data and signs that Germany may escape a sharp slowdown pushed shares to five-year highs worldwide. (Source: Yahoo!) Click here to read the full article
April Budget Surplus is Biggest in Five Years
The United States posted its biggest monthly budget surplus in five years in April, the Treasury Department said on Friday, adding that revenues are running at a record high so far this year thanks to higher taxes and an improving economy. (Source: Yahoo!) Click here to read the full article

Business News

Whole Foods Stock Surges After Earnings
Shares of Whole Foods Market Inc. (WFM: Charts, News) increased 10 percent in afterhours trading on Tuesday and were up +6.30 or +6.79 percent to $99.10 per share in pre-market trading early Wednesday. (Source: InvestorGuide) Click here to read the full article
Is it Time to Recycle The Washington Post?
Last week, The Washington Post (WPO: Charts, News) reported disappointing first quarter earnings that showed a continuing decline in its print business and larger education segment. (Source: InvestorGuide) Click here to read the full article
Should Investors Worry About American Capital Agency?
Analysts have long debated if American Capital Agency’s (AGNC: Charts, News) 16% dividend was sustainable or a trap for greedy investors. The mREIT, which has risen over 50% since its inception in 2008, has handsomely rewarded investors with some of the biggest dividend payouts in the market through its business of trading MBS (mortgage-backed securities). (Source: InvestorGuide) Click here to read the full article

Technology Focus

Facebook's Firm First Quarter Earnings
Last week, social media giant Facebook (FB: Charts, News) reported its first quarter earnings. Earnings were flat from the prior year quarter at $0.12 per share, missing the consensus estimate by a penny. Net income edged up 7% to $219 million. (Source: InvestorGuide) Click here to read the full article
The Oracle Wins Again as Berkshire’s Profits Soar 51%
Last week was an interesting one for the Oracle of Omaha, Warren Buffett. Mr. Buffett, who has long avoided tech stocks, posted his first tweet on Twitter, simply stating "Warren is in the house." (Source: InvestorGuide) Click here to read the full article

Your Money

Why Redfin, Zillow, and Trulia Haven't Killed Off Real Estate Brokers
Over the last decade, the Internet has seeped into that bedrock of the U.S. economy: the housing market. A group of growing and mostly profitable websites have sprung up to help guide consumers through what in many cases will be the largest and most nerve-wracking transaction of their lives. (Source: Bloomberg) Click here to read the full article
Hiring Experts Reveal Resume Pet Peeves
Crafting a resume that is unique and impressive is the goal of every job seeker. However, there is no one blueprint to follow in this process. Despite that lack of guidance, one surefire way to prevent your resume from making the circular file is to avoid some of these most common resume pet peeves of hiring managers. (Source: Mashable) Click here to read the full article
Published on May 9, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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