US Stocks Week Ended February 13, 2015

 
The nearly six year old bull market in U.S. equities continued to reach all-time highs this week, as the S&P 500 closed Friday with a value of nearly 2,097. Markets rallied on news that Greece would soften their stand on potential changes in austerity measures, Germany announced quarterly GDP of 0.7% higher than economist expectations, and a cease fire in the Russian-Ukraine conflict was reached. Oil prices moved higher for the third straight week, easing some profitability fears among the energy sector's most levered companies. Hasbro Inc. rallied over 7% as the toy maker's Transformers and Nerf toy lines posted earnings and revenues higher than analyst expectations. Qualcomm's shares surged as Chinese regulators ended a near $1b antitrust probe into the chipmakers products. Cisco Systems Inc. was up over 8% on the week, after the tech giant announced profits and sales that were higher than analyst estimates. Expedia Inc. rallied over 15% after they announced an all-cash deal to acquire online travel booking rival Orbitz Worldwide Inc. American Express Co. was down over 8%, which hit a 52 week low, after talks with Costco Wholesale Corp. about their exclusive co-brand relationship have ended without a renewal of their deal that
Posted on Tuesday, February 17, 2015 @ 8:57 AM

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.