Saturday, February 18, 2017

Today's Headlines

  • Trump Rally Inches Forward as Banks Lead Fourth Weekly Advance. U.S. stocks climbed for the fourth straight week as financial companies rallied, economic data beat expectations and corporate earnings continued to show profit growth. Banks posted their biggest-five day gain this year as the 10-year yield climbed and Federal Reserve chair Janet Yellen told Congress more interest-rate hikes would be appropriate if the economy stays on course. The S&P 500 Index added 1.5 percent to a record 2,351.16. The The Dow Jones Industrial Average jumped 1.8 percent to 20,624.05. The Nasdaq Composite Index ended the week at an all-time high as health-care and phone stocks in the gauge rallied.
  • Russia Watches U.S. Reassure Allies, and It's Disappointed. Shortly after Vice President Mike Pence pledged to “hold Russia to account” while looking for common ground in a speech to European allies, a hawkish Russian legislator reached out to shake his hand as he passed through a crowded hotel corridor. “Mr. Vice President, I am from Moscow and we hope we will reach those arrangements you were talking about,” said Alexei Pushkov, a member of the defense committee in the upper chamber of the Russian parliament. He enthusiastically told reporters afterward that he saw the Vice President’s smile as a good sign.
  • U.S. Coal Mines Are Opening in a Year of 'Cautious Optimism'. There’s newfound optimism in America’s coalfields with spot prices for metallurgical coal -- the sort used in steelmaking -- twice as high as they were a year ago. China curtailing its own production and tightening seaborne markets helped stoke a rally last year. President Donald Trump is now promising to bring coal jobs back, making his first move this week to roll back Obama-era environmental regulations that targeted the sector.
Wall Street Journal:
  • Had bullish commentary on (VSAR), (GBT), (NBIX), (FOLD), (BIIB), (GILD), (ADNT), (GM), (ANTM), (SYF) and (HES).

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