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Adam Sarhan Reuters Quote: Copper extends rally on global stimulus hopes
By Chris Kelly and Harpreet Bhal NEW YORK/LONDON | Fri Jul 27, 2012 2:39pm EDT (Reuters) – London copper futures rolled gains into a fourth straight day on Friday, buoyed by growing expectations of further stimulus action from both the U.S. Federal Reserve and the European Central Bank. Dollar-denominated copper prices received an additional boost from the euro, which rallied to…
Adam Sarhan Quoted in TheStreet.com: Markets Face Housing Data, French Elections in Coming Week
NEW YORK (TheStreet) — The major averages are flirting with critical support levels, and it remains to be seen whether bulls will swoop in to defend them. “The major averages are at a critical inflection point as they are all flirting with their respective 50-day moving averages lines,” says Adam Sarhan, founder and CEO of…
Sarhan In @CNBC: Stocks Slip As Oil Falls; Energy Sheds 1.5%
Stocks fell on Wednesday as the recent rally in equities eased and investors digested falling oil prices, as well as quarterly results from retail firms. “It looks like a normal, healthy pullback,” said Adam Sarhan, CEO at Sarhan Capital. “Even under the surface, … we see orderly selling.” “At this point in time, investors are…
CNBC Quote: Nasdaq briefly hits new intraday high; data, Greece eyed
By Evelyn Cheng U.S. stocks traded in a narrow range on Tuesday as investors digested mixed economic reports for indications on the timing of a rate hike and remained optimistic on a Greece deal. The Nasdaq Composite touched a fresh intraday high after a record close on Monday. However, the index struggled to hold slight…
Adam Sarhan Reuters Quote: Instant View: Consumer prices up in September on gasoline
Tue Oct 16, 2012 8:54am EDT (Reuters) – Consumer prices rose in September as the cost of gasoline surged, posing a threat to consumers’ spending power although faster inflation looked unlikely to derail the Federal Reserve’s ultra-easy policy path. KEY POINTS: * The Consumer Price Index increased 0.6 percent last month, in…
Friday Recap: Sarhan in Reuters: US STOCKS-Financial stocks lift Wall Street after strong results
* JPMorgan, Citi beat revenue estimates * Financials top gainers among S&P sectors * Dollar rises 0.35 pct, gold falls * Indexes up: Dow 0.75 pct, S&P 0.57 pct, Nasdaq 0.63 pct (Updates to open) By Yashaswini Swamynathan Oct 14 10am EST Wall Street was higher on Friday as better-than-expected results from JPMorgan and Citigroup…
