Mid-Day Market Update

Here on the East Coast, we’re still digging out from the blizzard. Fortunately, the sun is helping us out today.

The stock market has calmed down today. At noon, the S&P 500 is down about 0.6%, but that’s more subdued than the previous few days. Once again, energy stocks are leading the down swing. Financials are doing poorly as well. On our Buy List, Signature Bank is down about 4%. I suspect that some of that is due to their recent second offering. Still, the important point on SBNY is that their earnings were quite strong.

So far, healthcare is the only group in the green. CR Bard is our top performer today. It’s up about 1.4%.

Posted by on January 25th, 2016 at 12:15 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.