Gold and Oil End Much Higher for the Week; Earnings Season Begins

Weekly Wrap Up

This week kicked off the earnings season for corporations and led the markets into a series of positive sessions. After Alcoa (AA: Charts, News) released upbeat results and Ben Bernnake assured investors that the Fed would remain accommodating with its stimulus, Wall Street reached new record highs.

Both the Dow and S&P closed at peak levels on Thursday.Stocks leveled off on Friday as the dollar bounced back from a large decline.
It was announced that consumer confidence dropped in July and jobless claims hit a 2-month high this week. Gold futures finished with the best weekly percent gain since 2011. More Market News

Economic News

US Consumer Sentiment Declines in July
A gauge of consumer sentiment declined in July to the lowest level in three months, led down by expectations even as views on the current economy perked up. (Source: MarketWatch) Click here to read the full article
Ben Bernanke: What's Needed is More Stimulus
Federal Reserve Chairman Ben Bernanke said that what the economy needs is more government stimulus in the form of easy money, or qualitative easing. (Source: The Washington Times) Click here to read the full article

Business News

FedEx Stock Soars on Ackman Speculation, Lawsuit Settlement
Shares of FedEx Corp. (FDX: Charts, News) closed up +4.32 or +4.37 percent on Tuesday, after speculation the company was an investment possibility for William Ackman’s Pershing Square Capital Management LP. (Source: InvestorGuide) Click here to read the full article
Is Buffalo Wild Wings on Fire?
Shares of casual restaurant Buffalo Wild Wings (BWLD: Charts, News) recently hit all-time highs, continuing its red hot 30% rally over the past six months. (Source: InvestorGuide) Click here to read the full article
Merck and Pfizer Team Up to Fight Diabetes
Case of diabetes in the United States have risen at a dramatic rate since the 1990s. Higher rates of obesity, increased consumption of processed foods, more sedentary lifestyles, and an aging population have all contributed to the disease, which now affects roughly 25 million Americans. (Source: InvestorGuide) Click here to read the full article
Celldex Therapeutics Surges on an Upgrade
Shares of Celldex Therapeutics (CLDX: Charts, News) rallied sharply last week, after the company announced that it had dosed its first patient in a CDX-1135 pilot study of dense deposit disease. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Nokia Acquires Siemens' 50% Stake in NSN
Shares of Nokia (NOK: Charts, News) rose 4% last week, after the company reported that it will acquire Siemens’ (SI: Charts, News) 50% stake of its joint venture, Nokia Siemens Networks (NSN). (Source: InvestorGuide) Click here to read the full article

Your Money

How to Succeed in Business
Our mission at is to help people succeed in their careers. As founder and CEO I’m frequently asked for career advice, so I thought it was worth compiling some wisdom I’ve gained over the years, things I wish I had known when I first started the company, to help you avoid mistakes I made and achieve more success in your own career. Here they are; I hope you find them useful. (Source: BusinessDictionary) Click here to read the full article
How to Battle Volatility
To the casual observer, the stock market appears to be in turmoil once again. And though it calmed down this past week, heightened volatility is just one misplaced word from Ben Bernanke away. What should investors do? (Source: MarketWatch) Click here to read the full article
Published on Jul 12, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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