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Stocks End Higher Ahead Of The Weekend On Disappointing Home Sales

By  +Follow August 23, 2013 1:01PM
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 Wall Street ended Friday on a positive note to close a week that otherwise saw the US stock market experiencing the biggest outflow of investor cash in about five years.

According to the Department of Housing, new home sales dropped a precipitous 13.4 percent on a month-to-month basis during July, far more than the modest 2 percent drop that had been expected by economists. June’s 8.3 percent rise in new home sales was also revised significantly downward to 3.6 percent.

The housing data was received favorably by investors, however, who have recently found comfort in any news that they believe could forestall the Fed’s inevitable reduction of fiscal stimulus spending, an event that the Central Bank has said is conditional upon the continuing improvement of the economy.

The Standard & Poor’s 500 closed the day 0.39 higher at 1,663.47 points, while the Dow Jones Industrial Average finished up 0.31 percent to 15,010.36, with the NASDAQ ending at 3,657.79 points, up 0.52 percent.

Microsoft (MSFT) was one of the day’s success stories, as the company announced the departure of CEO Steve Ballmer within the next 12 months. Ballmer has largely been credited for the company’s relative non-presence in an increasingly fluid tech economy that has shifted emphasis to mobile devices and cloud computing. Shares ticked up sharply on the news, with shares closing on an advance of 7.2 percent to end the day at $34.72.

On the S&P 500, Microsoft’s news was accompanied by heavy trading for tech shares that translated into gains for AT&T (T) , Hewlett-Packard (HPQ) , Intel (INTC) , and Yahoo! (YHOO) who advanced on news that it had surpassed rival Google (GOOG) in web traffic, while software company Autodesk (ADSK) rose 9 percent by the closing bell.

Tech stocks did well on the Dow too, with Verizon Communications (VZ) ending the day higher, and IBM (IBM) up slightly.

The NASDAQ saw Tesla Motors (TSLA) continue to its incredible year, ending the day up more than 2 percent, while online travel site Expedia (EXPE) and Facebook (FB) both ended the day around 5 percent higher. Green Mountain Coffee Roasters (GMCR) gained over 3 percent to close at $85.58 after its inclusion the previous day in the NASDAQ-100 list.

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for gmcr
Milagro Galloway
21 Nov 14 15:14:23
Couple of Stocks you should Watch $UTX $GMCR $UNP $RT Worth a look http://t.co/u4JLiAg9w1
SwingTradeBot
21 Nov 14 15:01:05
Scan results - Fell Below 50 DMA today: $GME $ARUN $MMLP $FL $GPS $RBS $OFG $ZOES $GMCR $DRII ... http://t.co/gQkc0m0zEb
Stock Signaling
21 Nov 14 15:01:05
Volume Leaders: $SPLK $ROST $BERY $ADSK $KEYS $JKS $MRVL $GFI $DHI $LOW $BBY $WSM $DLTR $GMCR $SPLS http://t.co/S9oPUZ8PN3 #investing #nyse
Stockaholics
21 Nov 14 14:51:57
578% Gains On Penny Stocks in one month! Plus a New Pick Is Coming: http://t.co/2W3yKD2d5Q $OCN $PNC $GMCR
Jason Merriam
21 Nov 14 14:46:29
Notice how most analysts piping in on $GMCR are affiliates of investment banks? Waving hankies to drum up underwriting biz?
Becky Hiu
21 Nov 14 14:41:10
$GMCR shortie. Closed sub 50 DMA. http://t.co/ypd3U2LJje
Chayton Falke
21 Nov 14 14:05:08
#Nasdaq100 #recent #market #exit #2: Sold $GMCR long for a 10.10% #gain in 23 days. #GMCR #forex #trading #stocks
Jason Merriam
21 Nov 14 14:02:19
Commented on: "6 Reasons Keurig Green Mountain Is Heading Lower" http://t.co/BxLLoJHXFB $GMCR $KO $SODA
Derald Muniz
21 Nov 14 13:45:13
no fill on the Put Ratio for $GMCR so will reassess & try again early next week
Tweed
21 Nov 14 13:42:57
RT @CthruHD: $SPX new 52WK members: HIGH - 95 LOW - 0 MAX % ABOVE 52WK LOW - $GMCR 54.76% MAX % BELOW 52WK HIGH - $RIG 106.79%
Kamikaze Kuroda ™
21 Nov 14 13:42:36
$SPX new 52WK members: HIGH - 95 LOW - 0 MAX % ABOVE 52WK LOW - $GMCR 54.76% MAX % BELOW 52WK HIGH - $RIG 106.79%
Darin Nickerson
21 Nov 14 13:21:45
Latest Earnings info on $AVB $GMCR $BHI $SSO #newsletter http://t.co/7F1bheAcJS
Duke Rexx
21 Nov 14 13:20:28
$GMCR might be bottom of now. Will watch on Mon. Daily: http://t.co/uB2Efyybg0 , 60m: http://t.co/QdKDJ3Bvt0
Russell Barbour
21 Nov 14 13:10:38
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Mellissa Fuentes
21 Nov 14 13:04:25
Top #Stocks today. Find out why. $HSY $WEN $GMCR $DO #NSE http://t.co/DcaF7h0Nqc
Travis Howard
21 Nov 14 12:51:18
Buy $GMCR calls before the bell
Travis Howard
21 Nov 14 12:45:06
$GMCR did bounce back somewhat. but now starting to lose that momo it gained. chart https://t.co/hZ9yDvfq2G via http://t.co/j4pY1PQbeN
Corgi of Wall Street
21 Nov 14 12:37:25
Out of $ARUN, 7% profit. Will be heading out of $GMCR, looking like about a 2% profit on that.
DailyFinance
21 Nov 14 12:30:40
Single-serve coffee competition is brewing again http://t.co/VpcR51RtJR $GMCR
Woll Street
21 Nov 14 12:30:16
RT @takingstock614: $GMCR a number of gaps below, this one could see lower, might fill at least a couple of them.
TakingStock614
21 Nov 14 12:16:01
$GMCR a number of gaps below, this one could see lower, might fill at least a couple of them.
TickerTutor
21 Nov 14 12:07:20
$GMCR don't wanna get TOO greedy. took some off @ 1 for a little under 7x
TickerTutor
21 Nov 14 11:44:41
$GMCR I could take 2x on my weekly 140 calls now... but I'm greedy on this one and I want 13x.
Chayton Falke
21 Nov 14 11:35:08
#Nasdaq100 #recent #market #exit #2: Sold $GMCR long for a 10.10% #gain in 23 days. #GMCR #forex #trading #stocks
Seeking Alpha - All
21 Nov 14 11:30:32
6 Reasons Keurig Green Mountain Is Heading Lower http://t.co/hL1vDA5eSb $GMCR
Travis Howard
21 Nov 14 11:30:14
$GMCR GETTING DESTROYED AGAIN TODAY. chart https://t.co/Fu4HHoQOi6 via http://t.co/j4pY1PQbeN
Travis Howard
21 Nov 14 11:25:52
Wanna see $GMCR hold this level http://t.co/NmOLq9EZSV
O T P i c k s . com
21 Nov 14 11:23:47
http://t.co/x5EzijWmSl maytepper: $GMCR Green Mountain Coffee: There Is Still A: maytepper http://t.co/B8aFq5uqeJ http://t.co/x5EzijWmSl
Trader Gang
21 Nov 14 11:12:05
$GMCR investors need to move into $SBUX
Smarter Analyst
21 Nov 14 11:11:34
$GMCR William Blair Maintains Outperform On Green Mountain Coffee Following Solid Fourth-Quarter Results And Outlook http://t.co/eFE1jg4swd
Helena Sasser
21 Nov 14 11:08:56
Do you need #Stock #Research on $VLO $MCHP $GMCR $DF Visit http://t.co/1sa0zCdUg2
Harris Market Trends
21 Nov 14 11:06:32
$GMCR making a bounce
Travis Howard
21 Nov 14 11:04:27
$GMCR so far i was right about a bounce here. chart https://t.co/OuY9inYVcd via http://t.co/j4pY1PQbeN
FlashRatingsHOT
21 Nov 14 11:04:14
$GMCR has 8 analyst ratings in the last 7 days. Median target: $164 (18% upside). View here: https://t.co/5TwW2gWAZU #GMCR
BFCJ
21 Nov 14 11:03:28
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21 Nov 14 11:03:17
Awesome #Stock #Research on $BLL $EBAY $GMCR $DO Click http://t.co/8YBlYkd1oC
Maleah
21 Nov 14 10:54:30
http://t.co/w1vmmZEm8L <-- 40$ sale on DVDs on profitly pretty sweet perhaps pick up TandemTrader? $NFLX $VA $GMCR $CLF $CRM $EYES
May Vanburen
21 Nov 14 10:51:09
Are you looking for more winners like $KOS $AVY $GMCR $ISRG #financialnews http://t.co/CpIlaQWW9w
Travis Howard
21 Nov 14 10:46:22
$GMCR getting roasted today. but could start an upswing from here. chart https://t.co/DwUFDg2Grl via http://t.co/j4pY1PQbeN
Timmy! Boutillier
21 Nov 14 10:41:38
$GMCR I think she hit her lows unless the mkt just falls apart
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21 Nov 14 10:37:50
jim50: $GMCR Low Date=Nov-21-2014 Open=144.34 http://t.co/CboE0vD2c9
Investors Hangout
21 Nov 14 10:37:41
jim50: $GMCR Low Date=Nov-21-2014 Open=144.34 http://t.co/3WHecxua6b
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21 Nov 14 10:33:05
Are you considering selling $LAMR $POM $GMCR $USD #wallstreet http://t.co/pjWERKwCKm
TickerTutor
21 Nov 14 10:25:08
$GMCR picked up weekly 140 calls @ .15
Cayson Ventura
21 Nov 14 10:24:18
Regretting your investment in $UPL $CXO $GMCR $GAIN #investing RATE_LIMIT_EXCEEDED
Investors Hangout
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DennyT: XLU Short Sales $XLU $BBRY $GMCR $GILD $CLDX http://t.co/Ypu45XU9gx
Investors Hangout
21 Nov 14 10:23:05
DennyT: XLU Short Sales $XLU $BBRY $GMCR $GILD $CLDX http://t.co/1nJGoSMzqH
jim50
21 Nov 14 10:22:46
$GMCR Low Date=Nov-21-2014 Open=144.34 High=144.47 Low=140.26 Close=140.75 Volume=1270832 http://t.co/zvszwh48z9
Woll Street
21 Nov 14 10:22:42
$gmCR working lower as said this morning.
nobullshytrader
21 Nov 14 10:21:39
$GMCR 133.70 gap cud fill by 4pm
				
				
By  +Follow August 23, 2013 1:01PM
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