Stocks Continue to Struggle But Traders Remain Positive

Weekly Wrap Up

U.S. stock indices overall had a pretty poor week with the exception of Tuesday, where the Dow jumped up nearly 100 points. This year so far, the stocks have not been performing as well as they did last year and speculation continues to the reasoning behind this, whether it is increased risk aversion or just some hot stocks cooling off. But a recent survey done by Charles Schwab shows that nearly 50% of traders believe that the U.S. stocks are still in the bull market and that the bull market will not be ending until sometime in 2015. IRS announced this week that Bitcoin will be taxed as property, not currency.

In corporate news, the breakfast wars continue to heat up.
After Taco Bell (YUM) recently released its new breakfast menu, McDonald's (MCD) is fighting back. McDonald's will offer a free small coffee to any customer that comes in during the morning hours for the next two weeks. The fast-food restaurant hopes that this will bring in more customers and even entice them to purchase other breakfast items.

Economic News

US Consumer Sentiment Falls in March 
U.S. consumer sentiment fell in March as consumers were less hopeful about the prospects for the overall economy, a survey released on Friday showed. (Source: Yahoo News) Click here to read the full article

Shut Up Already! It's Not 1929
It’s not that crashes and downturns have been rescinded by a five-year bull market, it’s that what should matter the most to a long-term investor is the economy over the market, and the long-term trend instead of what’s happening now. (Source: MarketWatch) Click here to read the full article

Business News

Shares of Bank of America Corp. (BAC) were up +0.15 or +0.87 percent to $17.33 per share in pre-market trading on Thursday, after the company announced late yesterday that it would settle litigation over mortgage securities sales with the Federal Housing Finance Agency or FHFA. (Source: InvestorGuide) Click here to read the full article

Shares of The Blackstone Group L.P. (BX) closed down -0.80 or -2.36 percent to $33.12 per share on Monday. The company disclosed through a prospectus late Monday that they would be selling an additional 15 million shares of their SeaWorld Entertainment SEAS stake in a secondary offering. (Source: InvestorGuide) Click here to read the full article

10 Most Powerful Car Brands Today
CoreBrand, a New York based brand strategy firm, has released its latest list of the 100 most powerful brands in the world . As expected, the automotive industry features prominently, but none were able to crack the top 15. (Source: Business Insider) Click here to read the full article

Technology Focus

Shares of the Intel Corporation (INTC) were up +0.16 or +0.63 percent in pre-market trading on Friday, after the company announced late Thursday that it was making a significant investment in startup Cloudera. (Source: InvestorGuide) Click here to read the full article

Shares of Latham, NY, based Power Plug Inc. (PLUG) surged on Tuesday, against the backdrop of a strong day in stocks overall. The company’s stock was up $2.79 per share, or 49.03%, to $8.48, on volume of 135,458,814 shares. (Source: InvestorGuide) Click here to read the full article

Your Money

7 Smart Ways to Take Advantage of Your Tax Refund
Tax season is a time of stress for many, but it can be a joyful time for the roughly 75 percent of Americans who receive income tax refunds. (Source: Yahoo Finance) Click here to read the full article

7 Financial Skills Every 20-Year-Old Needs to Know
Develop serious money skills to get you past the financial stumbling blocks along the way. (Source: Forbes) Click here to read the full article

Published on Mar 28, 2014
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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