Archive for the ‘Investing’ Category

5 Essential Tips for Commodity Trading

April 24, 2013 Comments off

At this point in your life, you might be interested in making some investments or starting to use your money in different ways than just saving and spending. Commodity trading may pique your interest. What are five essential tips that you should know before you start though? Read on to find out!

commodity speculatorsUnderstanding Commodity Trading

If you don’t fully understand what commodity is, then you won’t be able to successfully profit trading it. Basically, the art of commodity trading means that you will be trading the most basic materials. For example, you might be trading the primary components of knitting or sewing to help others make blankets, jackets and so forth.

Plan Your Finances

In many cases, when you have the chance to make money, you also have the chance to lose it. Therefore, you want to ensure that you are making a savvy financial investment and that your current financial situation is able to work with it. Speaking with your accountant or certified financial planner is always a smart idea before you engage in any sort of investment program. On top of helping you determine if you are a suitable candidate for commodity trading, this kind of professional can also help you come up with an appropriate plan.

Find a Niche
No matter what level of business you are participating in, it’s important that you find a particular niche. Let’s say you’re the kind of person who just trades everything. If people are looking for a specific product on search engines, they might not be able to find you. Furthermore, some consumers are skeptical of individuals who claim to be “jacks of all trades.” They might think that you don’t put a lot of effort into any particular product and are just concerned with getting the word out there about everything. You don’t want them to distrust you.

Find a Platform
In addition to discovering your niche, you want to find a platform for your commodity trading. You will likely be able to discover somewhere online that you can meet with other commodity traders and get started. Make sure you conduct  research on any site that you are planning to use, as you will have to provide both personal and financial information. Of course, you want to ensure that you are using a legitimate site for your own protection. Look for sites that offer advice or forums to further help you out.

Constant Evaluation
Part of being a smart commodity trader is making sure that you are constantly evaluating your plans and figuring out what you are doing. If your endeavors are not successful after putting a lot of time and effort into them, you might want to consider changing your niche, finding a new platform or having a discussion with your financial adviser.

Categories: Investing

Stock Market Update for January 24, 2013

January 24, 2013 Comments off

Stocks have moved mostly higher in early trading on Thursday, although a sharp drop by shares of Apple (AAPL) is weighing on the tech sector. The major averages have turned mixed, with the tech-heavy Nasdaq stuck in the red.

The Nasdaq has recently climbed well off its low for the young session but remains in negative territory. While the Nasdaq is down 10.24 points or 0.3 percent at 3,143.42, the Dow is up 55.31 points or 0.4 percent at 13,834.64 and the S&P 500 is up 3.41 points or 0.2 percent at 1,498.22.

market previewThe mixed performance by the major averages comes as shares of Apple have tumbled by 10 percent after the iPad and iPhone maker reported quarterly results that disappointed investors.

After the close of trading on Wednesday, Apple reported better than expected first quarter earnings but on weaker than expected sales. The company also reported iPhone sales that missed expectations and provided disappointing second quarter revenue guidance.

While the drop by Apple is weighing on the Nasdaq, other sectors have benefited from the release of a report from the Labor Department showing an unexpected drop in jobless claims.

The report showed that initial jobless claims dipped to 330,000 in the week ended January 19th, a decrease of 5,000 from the previous week’s unrevised figure of 335,000. The drop surprised economists, who had expected jobless claims to climb to 355,000.

With the unexpected decrease, jobless claims fell to their lowest level since hitting 318,000 in the week ended January 19, 2008.

While the Labor Department said seasonal distortions are likely still in effect, Jennifer Lee, senior economist at BMO Capital, said the news on the job front is encouraging “even when you remove all of the noise.”

Trucking stocks have shown a substantial move to the upside, driving the Dow Jones Trucking Index up by 2.9 percent. With the gain, the index has reached its best intraday level in well over a year.

Early strength is also visible among internet stocks, with Netflix (NFLX) leading the way higher after reporting an unexpected fourth quarter profit. Shares of Netflix have surged up by 42.2 percent.

Retail, healthcare provider, and housing stocks are also seeing early strength, while notable weakness is visible among gold stocks.

Categories: Investing

Stock Market Update for 12/20/2012

December 20, 2012 Comments off

Stocks Seeing Modest Weakness In Early Trading

After coming under pressure over the course of the previous session, stocks are seeing some further downside in early trading on Thursday. The major averages have dipped into negative territory, although selling pressure remains subdued.

The major averages are currently posting modest losses, near their lows for the young session. The Dow is down 16.65 points or 0.1 percent at 13,235.32, the Nasdaq is down 8.70 points or 0.3 percent at 3,035.66 and the S&P 500 is down 1.63 points or 0.1 percent at 1,434.18.

stock market updateThe modest weakness on Wall Street comes as traders continue to keep a close eye on developments in Washington, with uncertainty about the fiscal cliff creeping back into the markets following recent comments by President Barack Obama and House Speaker John Boehner.

Boehner has indicated that he will bring his “Plan B” legislation to the floor of the House for a vote despite a veto threat from the White House.

The “Plan B” legislation would extend the Bush-era tax cuts for people making up to $1 million, but Democrats claim it would raise taxes on millions of working families.

Boehner has argued that the president would be responsible for the largest tax increase in American history if he can’t persuade Senate Democrats to approve the legislation.

As a result of the focus on the budget negotiations, traders have largely shrugged off the latest batch of U.S. economic data, including a report from the Commerce Department showing stronger than expected third quarter GDP growth.

The Commerce Department’s final estimate showed that GDP increased at an annual rate of 3.1 percent in the third quarter compared to the previous estimate of 2.7 percent growth. Economists had expected a more modest upward revision to 2.8 percent.

A separate report from the Labor Department said initial jobless claims moved back to the upside in the week ended December 15th after unexpectedly falling to a two-month low in the previous week

Gold stocks have shown a notable move to the downside in early trading, dragging the NYSE Arca Gold Bugs Index down by 1.1 percent. The weakness among gold stocks comes amid a sharp drop by the price of the precious metal, with gold for February delivery falling $18.30 to $1,649.40 an ounce.

Semiconductor and networking stocks are also seeing some early weakness, while most of the major sectors are showing only modest moves.