US stock market open 2 February 2017
S&P -4pts to 2275
Dow -42pts to 19848
Nasdaq -15pts to 5627
US 10 year yields 2.44% -3bp
S&P -4pts to 2275
Dow -42pts to 19848
Nasdaq -15pts to 5627
US 10 year yields 2.44% -3bp
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Gold surges 3% to $4,850, Silver jumps 7% to $77 on ceasefire news. Potential 50% gold gain to $7k.
Tech glitches plague traders, impacting execution & alpha. HALO ETFs face hype & poor returns.
HELOCs offer intro rates near 6%, but watch variable rates jump to 7.25%+. Home equity loans offer stable 7.47% fixed rates.
Fed's Jefferson: Energy spike complicates inflation outlook; risks to 2.8% PCE forecast.
NTAP's 12x forward P/E & JKHY's 24.1x forward P/E show value, while RAMP's 2x P/S signals slow growth.
NCLH's debt ($14.6B vs $2.2B book value) risks crisis despite high demand. Fuel costs could hit profits.
Retail stocks tumble 3.6%. BJ's (21.1x P/E), GO (14.2x P/E), KR (13.9x P/E) face margin & sales risks.
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