Archives for January 2017

January 2017 - Page 6 of 25 - Money Morning - Only the News You Can Profit From

Dow Jones Industrial Average Today Jumps as Traders Eye Earnings Reports and Trump Executive Orders

The Dow Jones Industrial Average today was ticking up as traders eye another busy round of earnings reports and more executive actions by President Donald Trump.

World stocks hit a 19-month high overnight thanks to strong European earnings reports, improved Japanese trade data, and expectations that Trump will unleash a wave of economic stimulus to pay for a large infrastructure project.

Here's a look at today's most important market events and stocks, plus a look at today's economic calendar.

Global Equities In Rally Mode On Hopes For Economic Growth

World stock markets were higher Wednesday, following the lead of solid gains posted in the U.S. equities on Tuesday that saw the major U.S. stock indexes hit record highs. U.S. President Donald Trump said he would revive the U.S. economy when he was running for the office, and this week he is signing directives to fulfill that pledge, including rolling back regulations on business and signing a controversial oil-pipeline-construction directive.

U.S. stock indexes are pointed toward further gains when the New York day session begins.

Be Careful of "Crowded" Stocks This Week

The week is half over, but there are still plenty of earnings season profits to take down before Friday. Like I said last week, we're right in the thick of one of the heaviest reporting periods for quarterly earnings.

This is what you might call a "target-rich" environment, with opportunities left and right.

And one of the juiciest targets is going to show itself tomorrow night, and, believe it or not, most traders aren't looking at it right now.

That suggests there's serious money to be made there, so get ready to move...