Lots of interesting things going on this week in the market.
Which was most important to you?
- I saw some distinct warning signs coming out of the retail
sector this week. Heard about bad foot traffic at TGT and that
followed a bad report from WMT the other week. Seems
retailers might be facing a challenging 3Q and 4Q.
- Steve Ballmer is retiring at age 57 -- we should all be so
lucky -- or should I say 58? It's going to happen within
a year, but who knows who will take over or when. We do
know how much Wall Street loved the news, sending the stock up
more than 7% intraday. It's a big story.
- The NASDAQ hit control alt delete on Thursday... and was
shut down for hours. So much for mission critical
software. This was supposed to be the home of the tech
market, and this comes about a year after the FB IPO flop.
Was this as big of a blow to investor confidence as I
think it was? Does this mean that NDAQ is a short?
- Speaking of everyone's favorite social network, FB is now
over the IPO price of $38 and even surged to a new 52 week high
today at $40.19 (at the time of writing this... wouldn't be
surprised if it goes higher).
Was there any other event this week that made you think
differently about the market?
Join the conversation below!
FACEBOOK INC-A (FB): Free Stock Analysis
MICROSOFT CORP (MSFT): Free Stock Analysis
NASDAQ OMX GRP (NDAQ): Free Stock Analysis
TARGET CORP (TGT): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.