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Day Traders Diary

9/22/23

The major averages opened higher but slid into the red once again ending another down week led by hawkish comments from the Federal Reserve regarding interest rates. The Dow Jones Industrial Average opened higher, but then finished down 106 points led by weakness in Boeing, American Express and Intel. The broader... Read More

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Diamonds and Dogs

9/22/23

Some optimism at Ford regarding the UAW strike. Ford (F) rose nearly 2% as the company is making more progress with the UAW than their rivals. The United Auto Workers expanded the scope of their strike at General Motors and Chrysler parent Stellantis today and spared Ford... Read More

9/21/23

Merger Monday on a Thursday. Big data/cybersecurity software company Splunk (SPLK) is up 21% after agreeing to be acquired by Cisco for $28 billion. Cisco expects the combination to create and drive the next generation of AI-enabled security and software. KB Homes (KBH) lower following earnings. KB Homes is... Read More

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