Buffet Blesses Bank, Bulls Rule, Real Estate Rockets
Stock bulls ruled the market today as the S&P 500 broke the critical 900 barrier for the first time since January. Positive news from the real estate front and a Goldman Sach’s upgrade on the financial sector powered the upward surge. The Sage of Omaha blessing Wells Fargo sent shares skyward adding to the optimistic tone of the day. The DJIA closed on the high up +214.33 to 8426.74, the Nasdaq followed adding +44.36 to 1763.56 and the S&P 500 pleased technical analysts closing above the 900 resistance level adding +29.72 to 907.24.
Wells Fargo
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PowerRating) – A blessing from Warren Buffet sent shares tearing skyward adding 23.66% or $4.64 to $24.25/share.
KB Home
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Cytec Industries
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PowerRating) – The maker of plastic parts for aircraft received an analyst upgrade sending shares ahead by 18.63% or $3.69 to $23.50/share.
News Corp
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Gold climbed $14.00 to $902.20, Oil added $1.27 to $52.44 and the fear index VIX fell 2.18% to 34.53.
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