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Adam Sarhan Reuters Quote: S&P 500, Dow fall as energy sinks; Nasdaq up after deal news
BY CAROLINE VALETKEVITCH NEW YORK Thu Feb 26, 2015 3:00pm EST (Reuters) – The Dow and S&P 500 slipped in afternoon trading on Thursday as energy shares tumbled with oil prices, while the Nasdaq advanced after deal news in the technology sector. Energy shares led declines in the S&P 500 and Dow, with the S&P…
Adam Sarhan Reuters & CNBC.com Quote: Paulson Holds to Gold ETFs in First Quarter, Profits as Prices Rise
Prominent hedge fund manager John Paulson held on to his ETF bullion holdings in the first quarter of this year, profiting from an early surge in gold prices before the market tanked, a regulatory filing by his company showed on Tuesday. It was the first time Paulson had retained his position in the SPDR Gold Trust [GLD 150.35 0.61 (+0.41%) …
Adam Sarhan Reuters Quote: Instant View: Citigroup CEO Vikram Pandit resigns
Tue Oct 16, 2012 10:12am EDT (Reuters) – Citigroup Inc Chief Executive Vikram Pandit has resigned, effectively immediately, a shock change at the top of the bank just one day after surprisingly strong quarterly results. A statement on Tuesday from Chairman Michael O’Neill said Michael Corbat, previously chief executive for Europe, Middle East and Africa,…
Reuters Quote: Copper caps worst monthly loss since June 2010
Reuters Quote: Copper caps worst monthly loss since June 2010
“I still think there is still some work to be done,” said Adam Sarhan, chief executive of
Sarhan Capital in New York.
“We are seeing a light-volume bounce up to a logical area of resistance … there is also the
issue of a death cross, which bodes poorly for the near-term outlook.”
A death cross occurs when the 50-day moving average sinks below, or crosses over, its 200-day
moving average.
(Graphic: link.reuters.com/puk53s )
“As long as copper stays below its 50- and 200-day moving averages, the bears remain in
control.”Sarhan In CNBC: Stocks close lower; financials fall more than 1%
Tuesday 6.14.16 4pm EST U.S. stocks closed lower Tuesday, amid declines in oil prices, as investors looked ahead to the conclusion of the Fed meeting and the U.K. vote on whether to leave the European Union. The major averages ended well off session lows, with the S&P 500 just a touch below its 50-day moving…
Reuters: Amazon shares plunge as record profit still misses estimates
Technology | Fri Jan 29, 2016 1:02am EST Amazon.com Inc posted its most profitable quarter ever on Thursday but the world’s No. 1 online retailer still managed to disappoint Wall Street by badly missing estimates, sending its shares down more than 13 percent in after-hours trading. The results, as well as the company’s determination to…
