The intense media hype leading up this past weekend's Hurricane Irene spread panic up the east coast, but luckily the damage was much less than had been anticipated, which was win-win situation for insurance companies. Insurance companies win on one hand because they will have to pay out less in damages than they had anticipated, but they also win because the media hype was enough to give them an opportunity to ...

The market is poised for another positive day as investors react to revised GDP numbers which show that the economy grew faster than previously thought at the end of last year. According to the Commerce Department, the economy grew at 3.1% during the fourth quarter, which is higher than analysts had been expecting to see. Going into today's report analysts had been expecting to see revised GDP output of 3.0%. Last month ...

It was a positive day for the stock market, and despite global turmoil the overall markets all managed to post gains on the day. The DOW closed the session up 0.56%, the NASDAQ was up 0.54% and the S&P closed the day up 0.3%. Along with an overall up market, we also saw a couple big name stocks hit new 52 week highs during the day. Here are a couple of notable ...

Lost of stocks hitting new 52 week highs today with the DOW being up 0.4%, and the NASDAQ up 0.7%. Here are a couple of the stocks that traded up to new highs today: Motorola (MOT) currently up 1.4% and hit new 52 week high of $9.05, currently trading at $9.01. Qualcomm (QCOM) currently up 1.0% to $49.94 and hit 52 week high of $49.98. Procter & Gamble (PG) hit a new 52 week ...

All of the major indexes closed today's session in the red, but that was not enough to keep some big name stocks from hitting new highs in today's trading action. Ford Motor (NYSE: F) hit a new 52 week high today of 9.14 before afternoon profit taking came in and pushed shares lower. The stock has been very strong lately, and recently was considered to be the stock of the year ...

We have three big name stocks due to report earnings tomorrow. Here is a quick glance at what Wall Street is expecting to see. 1. Gamestop (NYSE: GME): The video game retailer is due to report its third quarter numbers tomorrow morning before the opening bell. Analysts are expecting the company to show earnings of 30 cents per share. For the same period last year, the company had earnings of 34 ...

All of the major index's were higher today, following a strong round of earnings report this morning. The DOW closed the day up 0.7%, NASDAQ up 0.8% and the S&P rose 0.5%. Walt Disney (NYSE: DIS) reported fiscal fourth quarter earnings last night following the market close, and easily outpaced analyst estimates. Analysts had been expecting to see the company report 41 cents per share, but the actual report was much higher ...

The market ended the day in the red, but several companies went against the trend and rose to new 52 week highs today. Amazon (NASDAQ: AMZN) rose to a new 52 week high today of $125.68 and ended the session up 5.2% to 124.6399. The company is still riding high on last week's solid earnings report. The company was expected to show earnings of 33 cents per share, but came in ...

Google (NYSE: GOOG) has not confirmed the details just yet, but it appears all but certain that the search engine giant will be launching a music search next week that will allow users to search for music and gives the ability to download selected tracks. Music downloads has been a major driving force for Apple (NASDAQ: AAPL) through its iTunes service, and Google is looking to grab a piece of that ...

The market closed in the red today, as poor earnings from General Electric (NYSE: GE) and Bank of America (NYSE: BAC) brought out the bears. The DOW closed the session down 0.67%, the NASDAQ ended the day down 0.76%, while the S&P slipped by 0.8%. General Electric started off the day off on a bad note when the company reported revenues that came up short of analyst estimates. GE was able to ...