Earnings Season Gets Underway…

Second quarter earnings season officially kicks off today, as companies report on their performance during the first quarter of 2012. Dow component Alcoa, an aluminum company, reports shortly after the market close. Earnings have been incredibly strong for the past few years coming out of the last recession, and have been one of the main…

The Return of the Euro Crisis

Some volatility has crept back into the markets in the past few days, largely driven by negative news flow out of Spain (the latest country to come under pressure as a result of the European debt crisis). This probably didn’t come as a surprise to most professional investors, but it might have to Europe’s esteemed…

Financial Stocks Join the Party

Financial stocks have been a controversial sector since suffering massive losses in 2007-08, much like Tech stocks were following the bursting of that bubble in 2000. Financials have also generally been out of favor during the recovery of the last few years. In 2011, they were the worst performing sector in the S&P 500, and…

A Santa Clause Rally?

The S&P 500 is up more than 3% this week, leading the talking heads on TV to once again declare that a “Santa Clause Rally” is unfolding. It may seem kind of silly to hear professional investors talk in such terms, but December has historically been the best month for stocks.

Will They Deliver This Time?

It’s come down to this — the latest summit of European leaders to try to tackle their worsening financial crisis concludes today. The market’s rally of the past two weeks seems to imply that investors are betting they’ll get it right this time. The definition of “getting it right” apparently consists of a credible framework…