Tecumseh products was the leading gainer of the day up almost 40% to 38.94 after a positive earnings call. The company’s earnings report Monday may 7th showed net sales down 9.6%

Crude finished down yet again finalizing at 93.27 down 1.59% as did gold and silver while natural gas showed them up gaining nearly 3% closing at 2.50. The CRB future was still able to maintain positive finishing up .80 to 289.20 and ending a five session losing streak.
The drug delivery and sporting goods industries both finished strong up around 3.3% each.

JP Morgan managed to finish up despite all the bad reporting at 36.27 up 1.35%.
The housing market index showed signs of life with significant improvements in demand this month lifting the housing market index 5 points higher to 29, a new recovery high.

The positives were outweighed by the negatives with the Dow, Nasdaq and S&P all finishing negative. Spanish broadcasting remained heavily hit finishing down 40% to 3.75.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu

Commodities are currently mixed with the CRB index up 0.4% after its fifth straight loss yesterday. Energies crude and natural gas are both up with crude around $95 a barrel and metals gold and silver both in the negative.

Under Armour shares are up this morning 1.8% after dick’s sporting goods announced its quarter 1 results showing strong sales of the firm’s products. Together with Sports Authority they account for about a quarter of Under Armour’s sales. The sporting goods industry is currently up 4.05% as the top performing industry.

One of the top performing stocks again today is Groupon up over 18% to 13.93 after announcing Monday that its revenue jumped up 89% and its customer base more than double to 36.9 from 15.4m a year earlier.

Heading losers today is that of Spanish Broadcasting System down over 25% after announcing its first quarter results.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu

In Europe Germany’s stronger than expected economic data helped hoist the FTSE Eurofirst 300 up .3% to 1,006.98. So far 59% of European large caps have met or exceeded first quarter earnings forecasts.

In the US the Goldman Store Sales report was released this morning showing a -0.8% weekly change putting the year over year change at 4.5%
Commodities futures remain bleak with crude, natural gas, gold and silver all starting in the red.
The Empire state manufacturing survey was released today for May up to 17.09 from a weak level in April indicating continued moderate growth.
The monthly consumer price index for April was released at 0.00% from 0.3% in March and the CPI less food and energy is 0.2% for April. The CPI monthly rate changes represent the rate of inflation.
April retail sales were also released today at 0.1% much weaker than the 0.7% in March.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu