By CNNMoney Staff @CNNMoneyInvest February 25, 2014: 7:44 AM ET stocks: Pausing after strong session
U.S. markets are sitting near record-setting levels, but investors seem reluctant to push on into uncharted territory. U.S. stock futures were edging lower Tuesday morning ahead of the opening bell.
U.S. stocks made big gains Monday, and the S&P 500 surged to a record high before pulling back slightly. The Dow Jones industrial average added just over 105 points and the Nasdaq also closed higher. "The fact yesterday that we pulled back from the highs, probably indicates that the market has to build a base around these higher levels before we can see any more movement to the upside," said Peter Cardillo, chief market strategist at Rockwell Global Capital. "The market will have to continue to trade around these present levels." Looking ahead to Tuesday, investors will get to review new home price data from the Case-Shiller index at 9 a.m. ET and the Conference Board will release its monthly consumer confidence measure at 10 a.m. ET. Related: Fear & Greed Index gets greedy again In corporate news, Macy's (M, Fortune 500) will release earnings before the open. T-Mobile (TMUS) shares dropped because of the telecom's widening quarterly loss, despite strong revenue and the addition of more customers. Home Depot (HD, Fortune 500) shares gained after the retailer said that a recovering housing market drove an increase in quarterly sales. Shares in BlackBerry (BBRY) could also get a lift when the opening bell rings. There is a report that the company's technology could be used in Ford (F, Fortune 500) cars to connect vehicles to drivers' smartphones. The firearms company Sturm Ruger (RGR) is set to report results after the close. Related: Weibo IPO would be a turning point for Sina Solar City (SCTY) shares slid after the closing bell Monday when the company postponed its earnings results until March 3, citing "accounting related to recent acquisitions." It was slated to report Tuesday evening. Investors are also looking ahead to testimony from Federal Reserve chair Janet Yellen on Thursday. Yellen told lawmakers earlier this month that the Fed will continue to taper its bond buying program this year, but she stressed the need to keep interest rates low for a long time.
Hepi: Going thru barakah financials, expected results - first quarter after their RTO and listing on 6 Nov-13. Barakah's full earnings from their contract wins will gain traction only in Q2'14 (Mar '14), Q3'14 (June '14) and mostly towards CY'14 (Sept'14). The PETRONAS T&I contract was only awarded in Dec 2013. This is the O&G industry; mobilization of highly capital intensive resources inc expertise, execution and timely delivery of these jobs secured is a mammoth task.
Risks Involved - Execution risks, cost over-runs, delays in job flows, unscheduled breakdown on KL101 etc.
I am an INVESTOR, and has decided to see thru mid to long term with this stock. I am also holding DAYA and TAKAFUL - mid term investment. Probably add TH Heavy this week to my portfolio of investments. Stay safe, Stay Invested in this current market
Sorry hepi I was away bro.. my bet barakah will drop.. panic sell most probably.. it depends on what you want.... a good investor will buy on dips.. I just made a last minute call to jump to alam temporarily... ill buy back barakah later..
Hi, I seldom come here but I notice that there are a lot of newbies. Since your sifu (mike) is now working full time and has limited capacity(inclusive of confidentiality issues) to be with you most times,pl learn about trading methods (plus TA charts)from SIFU matrixcool (he got burnt before and I also) : link below.
tuck2...SIFU matrixcool is trading (always)at a maximum of 7 counters and I trade at maximum of 4. Matrixcool's trading is disciplined on "When to buy and when to sell". Most important is DISCIPLINE in our trades.
You are welcome! Remember most got burnt at one time or other and some more. Matrixcool's discipline approach will make sure we don't get burnt while on losing trade and we gain from profits from winning trades.
lollipopz-I am not dare to make any prediction on IRIS. Chart is telling me not to go in for the time being. Indicators are not good. Might retrace to 61.8% which is around 0.48.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by hepitrade > 2014-01-02 18:04 | Report Abuse
What say you, bro & sis ?