5 Ways To Check You’re Not Late To The Stock Market Part
The room’s getting crowded, the party’s been going on a while but more people could arrive. Just beware fair weather friends and a sign it could be time to think about leaving…
Bank of America
Bank of America Settles Class Action Lawsuit
Bank of America (BAC, quote) announced it has agreed to settle a class action lawsuit over its acquisition of Merrill Lynch in a settlement much larger than excepted of $.2.43 billion. The lawsuit was on the behalf of Bank of American stock holders when Bank of America announced plans to buy Merrill Lynch during the fall out of the financial crisis in the fall of 2008.
Financial Select Sector SPDR and the Bernanke Floor
As we approach the 4th and final quarter of 2012 coupled with the Bernanke floor thanks to the unlimited buying of mortgage backed securities banks like JP Morgan (JPM, quote), Wells Fargo (WFC, quote) and Bank of America (BAC, quote) should do well especially with large funds chasing for performance going into year end.
Morning Coffee Break
Welcome to today’s Morning Coffee Break – The Federal Reserve decisively stepped off the sidelines with a stronger than expected new round of unlimited quantitative easing (QE3) sending U.S. markets rallying. Market participants are clearly satisfied with the FMOC’s move as U.S. futures are indicating an extension of yesterday’s rally.
Trending Stocks
Trending Stocks Ahead of the Bell for June 26, 2012
Ahead of Opening Bell
U.S. stock indexes were slammed yesterday with the largest one day lost for the month of June.
Mid Day Update
The U.S. equity averages are on upswing once again. The tech sector continues to weigh heavily on the sector.
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