It was a rough week for stocks that ended with carnage. Friday's
sell-off may not have been of epic proportions, but a 2% loss
across the board on the major indexes is a big deal. The bears
took firm control with the
Dow Industrial Index
down 318.24 to close at 15,879.11. The
fared a bit worse with a loss of 90.70 finishing at 4,128.17.
We can now classify the action as a bona-fide pull-back. Some
will say this market bubble pop has been long overdue after an
impressive 2012 and
2013 for stocks
. Those folks will be of the opinion that more selling on the
way. Others will look at the action as an opportunity to buy.
What is known for sure is that current selling was triggered
by concerns in
. The buzz word of the day was contagion. Could it be another
Asian sort that gave the market fits in the 1990s?
Whatever the case may be the selling on Friday, though
persistent, did not have the look of a panic. How the market
rebounds from here will be important to watch.
Microsoft bucks the trend on strong earnings
While it may have looked like red everywhere in the market
there were pockets of green. One such winning stock was
. The software giant put an exclamation point on a fine year with
earnings that beat expectations in the fourth quarter.
made 78 cents per share in the period on revenues of $24.52
billion. The average estimate was for the company to make 68
cents on $23.68 billion.
The performance lifted shares in the after-hours market after
the news was released on Thursday. The strength was maintained
despite weakness in the overall market. Microsoft sales of Xbox
and Surface tablet computers fueled the earnings and
Starbucks overcomes weak mall traffic
So much for worries about slowing mall traffic,
was another winner on Friday thanks to a solid earnings report.
On Thursday after the market closed the company reported that it
made 71 cents per share in the fourth quarter, beating estimates
by 2 cents per share. In addition, Starbucks said it expects
profit in the year ahead to be in a range of $2.59 to $2.67
up from a prior range of $2.55 to $2.65.
Shares of Starbucks finished with a 2% gain on Friday.
ETrade falls despite strong earnings
Earnings couldn't save the day for
ETrade Financial (
as the stock finished Friday with a fractional loss, rallying
gallantly in afternoon trading. The company reported earnings
after the close on Thursday that beat estimates by a penny per
share. Revenues also beat expectations.
The stock opened higher on Friday, but quickly succumbed to
the overall selling pressure in the market. An afternoon rally
cut the losses to a mere few pennies when all was said and
On Deck: The Stock Market Today
Stocks look to recover on Monday. Futures are pointing to a
higher open across the board. This week will see plenty more on
earnings including results from
Before the market opened
reported better than expected results. Its
shares are up more than 6% in
Usually Monday's are days when mergers and acquisitions are
announced, but this weekend was relatively quiet. The only news
to speak of is
buying artificial intelligence company DeepMind. Thanks for
checking out today's edition of the
Stock Market Today
and we encourage you to leave a comment below.
Triple your dividends with one stock - starting this
With so many investors grabbing up shares of blue chips, yield
is getting hard to come by. In fact, the average yield of
the Dow has sunk to 2.1%. But our group of investors isn't
worried. We're collecting big monthly dividends…
up to $550 every 30 days
… from a little-known investment that
yields a whopping 12%
! If you'd like to tap into this income stream, and earn up
to triple the dividends of even the best blue chip,
click here for our full report on this