Four Million Job Openings

The stock market is quiet again today. There’s not really much economic news this week. The JOLTS report, which is Job Openings and Labor Turnover, today said there were four million job openings in the economy. That’s actually the number for January, there’s a little lag in the JOLTS report.

The S&P 500 has been as high as 1,882.35 this morning, which is a little over one point from Friday’s intra-day high. We have a good shot of reaching another closing high today.

I was surprised to see Bed Bath & Beyond ($BBBY) behave so well yesterday despite Friday’s profit warning. Perhaps the market is finally looking past the weather-related events. McDonald’s ($MCD) is particularly strong today. The company reported some sluggish sales numbers, but the CFO made some optimistic comments at an investment conference. It’s simply a cheap stock. The eBay/Icahn spat continues. eBay ($EBAY) said they’ve rejected his board nominees. I’m sure we’ll hear more on this.

Qualcomm ($QCOM) got to a new high today of $77.20. Express Scripts ($ESRX) is also on the new high board today. ESRX is getting very close to $80 per share.

Posted by on March 11th, 2014 at 11:34 am


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