Some Notes on Friday’s Market

I didn’t comment on Friday’s market since the weather was so nice here in D.C. and there are better things to do than watch stock tickers go up and down.

But I want to add a few notes about Friday’s big move. Thanks to the good jobs report, the market closed at yet another all-time high. The Dow broke 15,000 and the S&P broke 1,600. The rally since November has been very impressive.

Cognizant Technologies ($CTSH) was our big winner on Friday. The stock gained 3.5% and has made back much of what it lost. Earnings are due out this week.

Shares of Ford Motor ($F) got up to $13.83 which is the highest since January. Both Microsoft ($MSFT) and AFLAC ($AFL) hit fresh 52-week highs. Nicholas Financial ($NICK) spiked up to $15.13 in the morning before pulling back. Earnings are also due out soon. The only weak spot was Bed Bath & Beyond ($BBBY). The stock was downgraded by Oppenheimer.

Posted by on May 6th, 2013 at 9:30 am


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