Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 28th of January.
January of 2013 turned out to be the best January since 1997. Now there are two worlds out there, one is the world of stocks, and the other one is the real world of main street. So, it's Wall Street versus main street and it looks as though stocks are going to do better on the upside based on the market itself. Whether higher stock prices translate into a better economy is another matter, but stocks look like they want to go higher.
Yahoo reports Q4 earnings after the bell. Tonight we will see if the magic of Marissa Mayer has rubbed off on Yahoo. You may remember that Marissa was a long time key executive and spokesperson for Google before joining Yahoo as CEO in 2012. We will be analyzing Yahoo (YHOO) today using our Trade Triangle technology. The question is, how can Yahoo monetize its 750,000,000 million users?
Along with Yahoo (YHOO), we will be looking at energy, precious metals, forex and the equity markets.
In today's Video Newsletter, we will also be covering six stocks on the move: Hess Corp (HES), Waste Management (WM), and Western Union (WU) are moving higher. On the flip side of the coin, PetSmart Inc (PETM), Southwestern Energy Co (SWN), and PPG Industries (PPG) are all trending lower this morning.
Don't forget to watch and share your comments with us on our blog.
Have a great trading day,
Adam Hewison
President INO.com and co-founder of MarketClub
