(Reuters) – Sears Holdings Corp plans to raise about $ 770 million spinning off a business of about 1,250 stores and selling some prime real estate, hoping to convince Wall Street that the struggling…
Reuters: Global Markets

WASHINGTON – The number of Americans filing new claims for jobless benefits last week held at the lowest level since the early days of the 2007-2009 recession, signaling that the battered…
Reuters: Economic News

www.tradethemarkets.com Although I am not a huge fan of Elliott Wave, I find a few things like 1 2 3 projections somewhat useful. The big move down in the S&P was the 5 wave down. The current retracement is bigger than I thought it would be. I thought we would get a move to the 1230 level where we would put in a wave 5 high. From there I expected a big move down. In the near term, I am still cautious on the short side. I expect the S&P to continue rallying into early November, reaching 1275 or maybe 1300. Then the move will be over. Any pullbacks right now are buying opportunities. As long as stocks go higher there will be downward pressure on the Dollar. After disappointing earnings, AAPL continues to experience downside pressure. The big question with AAPL is its market cap. With the biggest in the world, how much higher can it go? If it doubles in price, it will have a trillion dollar market cap. If looking for upside growth, better to look at a company with a smaller market cap. The market rally will be driven not by tech stocks but by the financials. I think the financials have more upside. GS should move to its mean at 108.61. The Nasdaq is not as strong as the S&P, but I expect it to come up and test the July highs at 2426. There is lots of congestion and resistance in the Euro. But if socks move higher, they should push the Euro higher to 1.40. Although the major trend in the Euro is lower, I am still not ready to short it. AUD/JPY continues to consolidate under …

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AMSTERDAM – U.S. cable group Liberty Global is considering a bid for Dutch cable firm Ziggo, estimated to be worth 8 billion euros ($ 10.6 billion) and which is planning a stock listing,…
Reuters: Deals

SINGAPORE, Feb 23 – CIMB Research downgraded
Singapore water treatment firm Hyflux Ltd to trading
sell from neutral and cut its target price to S$ 1.23 from
S$ 1.28.
Reuters: Hot Stocks