Dow dropped 139 finishing nearer the lows, decliners over advancers 5-2 & NAZ fell 31. The MLP index plunged an enormous 10+ to the 496s (down from the record high of 526 over 5 weeks ago) & the REIT index lost 3 to just over 300. Junk bond funds sold off again but there was demand for Treasuries. Oil continued weak & gold inched higher with all the uncertainty around the world..
AMJ (Alerian MLP Index tracking fund)
![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif?0.5202790094522342)
Photo: Bloomberg
Pres Putin ordered the gov to prepare a response to US & EU sanctions as Poland warned that a renewed buildup of Russian troops on Ukraine’s border raises the specter of a possible invasion. “Unfortunately, Russia has restored its combat readiness on the Ukraine border with more than a dozen battalion-sized combat groups,” Polish Foreign Minister Sikorski, who gave no indication an incursion was imminent, said. “There’s a lot of equipment. This is the sort of thing one does to exert pressure or to invade.” Putin is showing no sign of backing down over Ukraine since the US & EU tightened sanctions last week, with Russia massing forces on its neighbor’s border in the biggest military buildup since troops were withdrawn from the area in May. Russia called for an emergency meeting of the UN Security Council to discuss the situation in Ukraine, Russia’s UN ambassador told reporters. Ukraine expressed alarm about the new deployment of Russian forces on its frontier as it pressed an offensive against separatists. The intensifying conflict has displaced hundreds of thousands, the UN agency for refugees said, with the Foreign Ministry in Moscow demanding an urgent humanitarian mission to eastern Ukraine. Russia’s foreign ministry said eastern Ukraine neared a “humanitarian catastrophe” & required immediate international assistance. Sikorski, whose country is among the EU nations seeking the toughest response to the Kremlin’s policy over Ukraine, said any incursion would be under the guise of a peacekeeping mission. This mess is growing & Obama is "studying the situation."
Russia Weighs Retaliation as Poland Warns of Invasion
Apple is preparing to introduce bigger-screen iPhones at its event on Sep 9. The company is set to introduce 2 new models: one with a 4.7" screen, & another with a 5.5" screen. Anticipation for bigger-screen iPhones has analysts predicting that AAPL will sell a record number of handsets & investors have responded by sending the stock up 18% this year. Samsung & other smartphone vendors have used larger screen sizes to gain market share, particularly in Asian markets where bigger phones are more popular. The planned event in Sep is in keeping with a strategy of releasing new iPhone models in that month, kicking off a broader reboot of its product lineup in time for the holiday shopping season. Last year’s iPhone 5s & 5c also debuted on the 2nd Tues of Sep. Analysts are also predicting AAPL will also release new iPads & a wearable device this year. The stock fell 47¢. If you would like to learn more about AAPL, click on this link:
club.ino.com/trend/analysis/stock/AAPL?a_aid=CD3289&a_bid=6ae5b6f7
Apple Said to Debut New Bigger-Screen IPhones on Sept. 9
Target, a Dividend Aristocrat, Q2 profit trailed its forecast as US sales remained weak & its Canadian operations continued to struggle. EPS in the qtr was 78¢, excluding some items, less than the company’s projection of 85¢-$1. The company has been struggling to boost US traffic, rescue its botched expansion into Canada & regain shoppers’ trust after hackers stole millions of customers’ data last year. The retailer last week chose Brian Cornell, from PepsiCo (PEP), another Dividend Aristocrat, to replace the former CEO, who was ousted amid the turmoil this year. Cornell will have his work cut out for him: revenue at established US stores was little changed in the qtr, & Canadian sales were less than expected. The retailer plans to report full Q2 results Aug 20. US sales at stores open at least 13 months were “essentially flat,” & profit margin was narrower than expected because of price reductions to entice shoppers who “continue to spend cautiously,” TGT said. The Canadian division had “somewhat softer-than-expected” revenue & was hurt by investments to clear slow-selling merchandise. The company also said today it had $148M in breach-related expenses in the qtr, including money set aside to cover existing & potential claims related to the data theft. Those expenses were partly reduced by a $38M insurance receivable. Cornell will become CEO effective Aug 12 & also will be named chairman. The stock lost $2.67. If you would like to learn more about TGT, click on this link:
club.ino.com/trend/analysis/stock/TGT?a_aid=CD3289&a_bid=6ae5b6f7
Target Says Second-Quarter Profit Trailed Its Forecast Amid Weaker Sales
Global unrest is getting more attention than it has for some time. The Ukraine situation is scary while fighting in Gaza is quieting down (although rockets are still being fired into Israel). A US general was killed in an attack in Afghanistan with more fighting in that region. The bad guys who have taken over northern Iraq said they are looking to attack the US. As if that wasn't enough, the TGT earnings are depressing. While some of its troubles are a result of the data reach last year, sluggish retail sales at the macro level did not help. Junk bond funds (stocks with high yields) keep selling off, not a good sign. Dow is down 150 YTD & approaching a 1K decline from its recent record peak. The stock market is on defense.
Dow Jones Industrials
AMJ (Alerian MLP Index tracking fund)
| CLU14.NYM | ....Crude Oil Sep 14 | ....97.37 |  ...0.92 | (0.9%) |
Pres Putin ordered the gov to prepare a response to US & EU sanctions as Poland warned that a renewed buildup of Russian troops on Ukraine’s border raises the specter of a possible invasion. “Unfortunately, Russia has restored its combat readiness on the Ukraine border with more than a dozen battalion-sized combat groups,” Polish Foreign Minister Sikorski, who gave no indication an incursion was imminent, said. “There’s a lot of equipment. This is the sort of thing one does to exert pressure or to invade.” Putin is showing no sign of backing down over Ukraine since the US & EU tightened sanctions last week, with Russia massing forces on its neighbor’s border in the biggest military buildup since troops were withdrawn from the area in May. Russia called for an emergency meeting of the UN Security Council to discuss the situation in Ukraine, Russia’s UN ambassador told reporters. Ukraine expressed alarm about the new deployment of Russian forces on its frontier as it pressed an offensive against separatists. The intensifying conflict has displaced hundreds of thousands, the UN agency for refugees said, with the Foreign Ministry in Moscow demanding an urgent humanitarian mission to eastern Ukraine. Russia’s foreign ministry said eastern Ukraine neared a “humanitarian catastrophe” & required immediate international assistance. Sikorski, whose country is among the EU nations seeking the toughest response to the Kremlin’s policy over Ukraine, said any incursion would be under the guise of a peacekeeping mission. This mess is growing & Obama is "studying the situation."
Russia Weighs Retaliation as Poland Warns of Invasion
Apple is preparing to introduce bigger-screen iPhones at its event on Sep 9. The company is set to introduce 2 new models: one with a 4.7" screen, & another with a 5.5" screen. Anticipation for bigger-screen iPhones has analysts predicting that AAPL will sell a record number of handsets & investors have responded by sending the stock up 18% this year. Samsung & other smartphone vendors have used larger screen sizes to gain market share, particularly in Asian markets where bigger phones are more popular. The planned event in Sep is in keeping with a strategy of releasing new iPhone models in that month, kicking off a broader reboot of its product lineup in time for the holiday shopping season. Last year’s iPhone 5s & 5c also debuted on the 2nd Tues of Sep. Analysts are also predicting AAPL will also release new iPads & a wearable device this year. The stock fell 47¢. If you would like to learn more about AAPL, click on this link:
club.ino.com/trend/analysis/stock/AAPL?a_aid=CD3289&a_bid=6ae5b6f7
Apple Said to Debut New Bigger-Screen IPhones on Sept. 9
Apple (AAPL)
Target, a Dividend Aristocrat, Q2 profit trailed its forecast as US sales remained weak & its Canadian operations continued to struggle. EPS in the qtr was 78¢, excluding some items, less than the company’s projection of 85¢-$1. The company has been struggling to boost US traffic, rescue its botched expansion into Canada & regain shoppers’ trust after hackers stole millions of customers’ data last year. The retailer last week chose Brian Cornell, from PepsiCo (PEP), another Dividend Aristocrat, to replace the former CEO, who was ousted amid the turmoil this year. Cornell will have his work cut out for him: revenue at established US stores was little changed in the qtr, & Canadian sales were less than expected. The retailer plans to report full Q2 results Aug 20. US sales at stores open at least 13 months were “essentially flat,” & profit margin was narrower than expected because of price reductions to entice shoppers who “continue to spend cautiously,” TGT said. The Canadian division had “somewhat softer-than-expected” revenue & was hurt by investments to clear slow-selling merchandise. The company also said today it had $148M in breach-related expenses in the qtr, including money set aside to cover existing & potential claims related to the data theft. Those expenses were partly reduced by a $38M insurance receivable. Cornell will become CEO effective Aug 12 & also will be named chairman. The stock lost $2.67. If you would like to learn more about TGT, click on this link:
club.ino.com/trend/analysis/stock/TGT?a_aid=CD3289&a_bid=6ae5b6f7
Target Says Second-Quarter Profit Trailed Its Forecast Amid Weaker Sales
Target (TGT)
Global unrest is getting more attention than it has for some time. The Ukraine situation is scary while fighting in Gaza is quieting down (although rockets are still being fired into Israel). A US general was killed in an attack in Afghanistan with more fighting in that region. The bad guys who have taken over northern Iraq said they are looking to attack the US. As if that wasn't enough, the TGT earnings are depressing. While some of its troubles are a result of the data reach last year, sluggish retail sales at the macro level did not help. Junk bond funds (stocks with high yields) keep selling off, not a good sign. Dow is down 150 YTD & approaching a 1K decline from its recent record peak. The stock market is on defense.
Dow Jones Industrials
I’m a huge fan of INO, and from what I have seen so far, their service Marketclub! This isn’t a stripped down version, everything in MarketClub is available to you. I don’t want to give everything away, but you’ll have unlimited access to my favorite 3 tools: Trade Triangles, Smart Scan & Alerts! The best part is that the MarketClub customer support team will be providing UNLIMITED support! You can call or email for an instant response to any question, comment or concern.
Here’s that link:
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I’d recommend you jump on this now.
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