Stock Market’s Biggest ETF Winners In First Quarter
Consumer confidence. Source: Federal Reserve Economic Data. Meanwhile, news is breaking this morning on a few stocks that should see heavy trading in today’s session, including BlackBerry (NASDAQ: BBRY ) and Finish Line (NASDAQ: FINL ) . BlackBerry today booked a brutal 64% drop in fourth-quarter revenue, to below $1 billion. To put that sales dip in perspective, it was more than $1.7 billion below last year’s quarterly tally. Still, the smartphone provider’s overall adjusted loss totaled just $0.08 a share, far better than the $0.67 in red ink it booked a quarter ago, and well above the $0.55 a share loss that analysts were fearing.
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s five-month-old U.S. stock market, which was designed to mitigate the influence of computerized high-speed traders. The banks RBC Capital Markets unit executed the first trade on IEX in October, according to an internal memo from RBCs head of global equities, http://vimeo.com/63935537 Greg Mills, and the U.S. equities chief, Bobby Grubert. Royal Bank also supported the markets development while its founders were still employed at the bank, according to the document.
RBC Joins Goldman Sachs in Supporting New Stock Market
ViewEnlargedImage “Despite the possibility of a violent short-term correction in coffee, the fundamentals remain hyper bullish, and much higher prices are likely that could rival all-time highs later in the year,” Shawn Hackett, founder of the “Hackett Flow Money Report,” wrote in his newsletter March 12. “Coffee remains an explosive market and has all the ingredients for a once-in-a-lifetime bull run. Volatility will be extreme, so this is not a market for the weak of wallet.” Brazil’s coffee production has tumbled 10% this year because of dry weather. Should April be drier than normal, coffee prices could soar to $3 a pound, Hackett projects. But if it rains more than usual in April, the coffee trees may flower prematurely because of the dry weather.