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Day Traders Diary

10/7/24

The major averages continue their October slump with the price of oil rising 4% and another hurricane heads toward Florida. The Dow Jones Industrial Averag fell 398 points, or 0.94%. The S&P 500 fell 55 points or 0.96% while the Nasdaq fell 213 points or 1.18%. The price of oil jumped... Read More

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Diamonds and Dogs

10/7/24

Pfizer (PFE) jumped 2% while Air Products& Chemicals jumped 9% as both companies received investments from private equity to shake things up. Starboard Value took a billion dollar stake in Pfizer which has struggled this year. Allstate (ALL) fell 5% ahead of another hurricane to hit Florida. Hurricane Milton... Read More

10/4/24

The economic numbers also helped banks and financials, the top sector in the S&P 500 (XLF) today, surging 1.6% and closing at a record high. Wells Fargo (WFC) rose more than 3% today while the JP Morgan, Bank of America and Citigroup rose over a percent. Regional banks,... Read More

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