Stocks Rally on Chinese Manufacturing Data, Fed Speculation - Beacon Equity Research

Stocks rallied in trading on Tuesday, with all three major indexes rising sharply. Stocks rallied on the back of better than expected Chinese manufact...» read full story

The following stocks have recently had their ratings upgraded by stock analysts. Alkermes ( NASDAQ:ALKS ) : UBS has upgraded Alkermes`s rating from: Neutral - to - Buy Target Price: ...» read full story

Stocks rallied in trading on Tuesday, with all three major indexes rising sharply. Stocks rallied on the back of better than expected Chinese manufacturing data and speculation that the Federal Reserve will take more actions to support the U.S. economy.

The Dow Jones ended the day 2.97% higher at 11,176.80, the S&P 500 ended the day 3.43% higher at 1,162.35, and the Nasdaw ended the day 4.29% higher at 2,446.06. All three major indexes have now risen for two days in a row.

All sectors in the S&P 500 finished sharply higher on Tuesday. Technology and Energy stocks led the gains in the S&P 500 on Tuesday, ending the day 3.99% higher. Industrials ended the day 3.64% higher. Basic Materials stocks ended the day 2.40% higher. Financials ended the day 2.65% higher.

Among the major gainers in trading on Tuesday were Ivanhoe Mines Ltd. (NYSE: IVN), which ended the day 19.87% higher at $20.75, Universal Display Corporation (NASDAQ: PANL), which ended the day 16.97% higher at $40.66, Fossil Inc. (NASDAQ: FOSL), which ended the day 16.48% higher at $86.52, Sotheby’s (NYSE: BID), which ended the day 15.23% higher at $34.72, and GT Advanced Technologies Inc. (NASDAQ: GTAT), which ended the day 13.58% higher at $11.46.

Among the major losers in trading on Tuesday were Temple-Inland Inc. (NYSE: TIN), which ended the day 14.06% lower at $21.33, and RealPage Inc. (NASDAQ: RP), which ended the day 11.44% lower at $18.82.

In the commodities market, crude oil gained on the back of stronger than expected Chinese manufacturing data. Crude oil for delivery in October on the New York Mercantile Exchange rose $1.32 to settle at $85.44 a barrel. In London, meanwhile, Brent crude also rose on Tuesday. Brent crude for delivery in October on the ICE Futures Europe exchange settled $0.95 higher at $109.31 a barrel.

Article content brought to you be TheStockMarketWatch.com. For more breaking stock market updates, please visit TheStockMarketWatch.

Beacon Equity Group Disclaimer

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

View the original article here