|
|
 Home > Bulletins > Daily Market Analysis |
|
Results 2 - 261
|
|
Latest posts |
|
|
 08 October 2009 - BMO |
| |
WELCOME TO Q4 2009!!!!
U.S. MARKETS RECAP : Wednesday, October 07, 2009 AMC
Quote:
Briefing.com - Wednesday October 07 2009 @ 16:36 ET AMC
Daily Sector Wrap : Financials Help Market Shake Off Dollar's Drag
Leadership from the financial sector helped stocks log their third straight gain after they spent most of the session chopping along in negative territory amid a moderately stronger U.S. dollar. Though the greenback's gains weighed on the stock market and many commodities, it didn't deter gold from extending recent gains.
Stocks spent most of the session trading listlessly as the Dollar Index recovered from losses in the past three sessions to advance 0.2% Wednesday. However, bank stocks emerged with strength after struggling to find direction in the early going. With banks finishing strong, the KBW Bank Index netted a 1.2% gain and the broader financial sector settled at session highs with a 1.0% gain.
The energy sector was the next best performing sector. It finished 0.6% higher even though oil prices closed pit trade 1.7% lower at $69.66 per barrel. Oil prices were hampered by bearish gasoline inventory data, which overshadowed news of a 978,000 barrel draw in crude oil. The consensus had called for a build of 2 million barrels of crude.
Though a stronger dollar likely added to oil's woes this session, it didn't derail gold from continuing its ascent. Gold futures closed at $1044.70 per ounce, up 0.5%, but had been as high as $1049.70 per ounce in overnight trade. Small-cap gold stocks and precious metals stocks of a lower quality benefited most from gold's gains as momentum money trickled into the group. That helped the materials sector (+0.2%) offset general weakness among commodities-related stocks and basic materials stocks that stemmed from a 0.4% decline in the CRB Commodity Index.
Monsanto (MON 74.33, -1.04) was also a drag on the materials sector. The company posted better-than-expected adjusted earnings of $0.02 per share, but reaffirmed downside guidance for fiscal 2010.
Other earnings announcements were generally positive as Yum! Brands (YUM 34.37, -0.49), Costco (COST 59.00, +1.07), and Family Dollar (FDO 28.21, -0.27) each bested earnings expectations for the latest quarter.
Leadership from the financial sector may have led the S&P 500 to a strong finish, but it couldn't prevent the telecom sector from logging an outsized loss of 2.9%. Weakness among integrated telecom giants AT&T (T 26.18, -0.56) and Verizon (VZ 29.38, -0.31) kept the Dow from making a gain of its own.
Separately, Treasuries made solid gains. The benchmark 10-year Note settled some 22 ticks higher, which pushed its yield back below 3.2%, following strong results from a $20 billion auction of 10-year Notes.
|
Leading Sectors: Financials (+1.00%), Tech (+0.47%), Health Care (+0.25%), Consumer Staples (+0.34%), Consumer Discretionary (+0.08%), Energy (+0.62%), Materials (+0.22%)
Leading Industries: Diversified Metals & Mining +4.45%, Home Entertainment Software +4.06%, Auto Parts & Equipment +4.06%, Internet Software & Services +3.11%, Internet Retail +2.94%, Oil & Gas Equipment & Services +2.65%, Managed Health Care +2.58%, Drug Retail +2.52%, Specialized Consumer Services +2.40%, Aluminum +2.23%,
Lagging Sectors: Industrials (-0.28%), Telecom (-2.89%), Utilities (-0.18%)
Lagging Industries: Integrated Telecommunication Services -3.08%, Photographic Products -2.18%, Forest Products -2.16%, Fertilizers & Agricultural Chemicals -1.50%, Automotive Retail -1.42%, Construction Materials -1.26%, Home Improvement Retail -1.23%, Electrical Components & Equip -1.23%, Paper Products -1.21%, Wireless Telecommunication Services -1.12%
NYSE:
Lower than avg volume @ 1091 vs. 1229 avg
Advancers outpacing Decliners : 1567/1384
NASDAQ:
Lower than avg volume @ 2228 vs. 2276 avg
Decliners outpacing Advancers : 1300/1319
Other Market Moving Factors:
• Alcoa tops earnings estimates, PepsiCo, too
• U.S. dollar falters
• Weekly initial jobless claims not as bad as feared
• August Wholesale Inventory data due at 10:00 AM ET
Quote:
Briefing.com - Wednesday October 07 2009 @ 18:45 ET AMC
After-Hours Report : AA 5.6% Higher After Hours Following Earnings
Leadership from the financial sector helped stocks log their third straight gain after they spent most of the session chopping along in negative territory amid a moderately stronger U.S. dollar. Though the greenback's gains weighed on the stock market and many commodities, it didn't deter gold from extending recent gains.
After the close, Alcoa (AA) reported third quarter earnings of $0.04 per share, which was $0.13 better than the First Call consensus of a loss of $0.09. Revenue also came in above expectations. The company said, "In the second half of 2009, there are signs that key markets the company operates in are stabilizing. Due to low inventories at distributors and rising shipments, regional premiums are improving and global aluminum consumption is expected to increase 11% in the second half of 2009." The stock is trading ~5.6% higher after hours as a result of its earnings release, while close competitor Century Aluminum (CENX) jumped 50 cents (or ~5.2%) to ~$10.20 after hours due to AA's results.
Seven of the ten sectors were in positive territory, led by financials (+1.0%), energy (+0.62%) and tech (+0.5%). The telecom sector (-2.9%) was the worst performing sector by, with industrials (-0.3%) a distant second.
Futures are higher after hours with S&P 500 futures 2.85 points above fair value of 1053.95 and Nasdaq 100 futures 3.53 points above fair value of 1708.97.
Companies trading higher in after hours in reaction to earnings: AA +5.6%... Companies trading lower in after hours in reaction to news: SVNT -7.1% (announces a 4 mln share common stock offering pursuant to an effective shelf).
Tomorrow morning, two economic reports are scheduled to be released at 8:30ET. First, initial claims figures, which have a consensus of 540K and second, continuing claims, which have a consensus of 6105K.
Ahead of tomorrow morning's opening bell, International Speedway (ISCA), Marriott (MAR) and PepsiCo (PEP) are scheduled to report earnings.
|
_______________________________________
U.S Markets - Thursday October 08 2009 - BMO
TECHNICAL UPDATE
DOW JONES INDUSTRIAL AVERAGE (DJIND: CBOT) 9,725.58, -5.67 (-0.06%)
NASDAQ COMPOSITE INDEX (COMB) (COMP.IDX: NASDAQ) 2,110.33, +6.76 (+0.32%)
S&P 500 INDEX (SPX: CBOE) 1,057.58, +2.86 (+0.27%)
__________________________________________
Current Markets
Asian Markets Thursday October 08 2009 @ Oct 8 9:16am:
HANG SENG 21,492.90 ( +251.31 +1.18% )
NIKKEI 225 9,832.47 ( +32.87 +0.34% )
KLSE 1,196.32 ( -5.75 -0.48% )
STI 2,648.86 ( -12.05 -0.45% )
Currencies Thursday October 08 2009 @ Oct 8 9:16am:
U.S. Dollar vs Euro ( +0.0072 +0.49% ) 1.4761
U.S. Dollar vs Yen ( -0.08 -0.09% ) 0.0113
U.S. Dollar vs UK £ ( +0.01 +0.62% ) 1.61
Treasury Yields :
2 Year Note 0.88% +0.02 • 5 Year Note 2.17% 0.00
10 Year Note 3.17% -0.01 • 30 Year Note 3.97% -0.03
Gold (CMX ) December 09 ($US per Troy oz.) : 1057.00 ( +12.60)
Light Crude (NYM ) November 09 ($US per bbl.) : 69.57 ( -1.31)
Earnings Highlights for Thursday October 08 2009
ISCA , MAR , PEP , NUHC , TSCM
Events for Thursday October 08 2009
08:30 Initial Claims
08:30 Continuing Claims
10:00 Wholesale Inventories
___________________________________________
Summary
"Jobless lose lifeline as Senate stalls" : http://money.cnn.com/2009/10/08/news...ion=2009100806
"Gold's record-breaking run continues" : http://money.cnn.com/2009/10/08/mark...ion=2009100807
"Jobless claims fall to 9-month low" : http://money.cnn.com/2009/10/08/news...ion=2009100808
Alcoa swings to surprise profit" : http://money.cnn.com/2009/10/07/news...ion=2009100718
"Stocks poised to roll up again" : http://money.cnn.com/2009/10/08/mark...ion=2009100808
Resistance levels @ 9,790 and 9,920
Support levels @ 9,700 and 9,660
Direction for Thursday October 08 2009; ∆ Up |
| |
Post added on October 08,2009 |
|
|
| 07 October 2009 - BMO |
| |
U.S. MARKETS RECAP : Tuesday, October 06, 2009 AMC
Quote:
Briefing.com - Tuesday October 06 2009 @ 16:45 ET AMC
Daily Sector Wrap : Stocks Log Impressive Back-to-Back Performance
Despite a downward drift in afternoon action, stocks were able to march considerably higher in broad-based fashion for the second straight session as overseas gains and a weaker U.S. dollar kept buyers in the market.
The major indices started markedly higher as the previous session's gains were extended amid news that by Australia's Reserve Bank hiked its key lending rate by 25 basis points to 3.25%. Though the rate hike may strike some as an unlikely impetus for higher stock prices, global participants were encouraged by the symbolism of the act, since it suggests that the global economy has strengthened. That consideration helped drive the Dow Jones World Index to a 1.9% gain, which is its best percentage gain in two months.
Weakness in the U.S. dollar continues to bode well for stocks, especially for shares of multinationals. The Dollar Index dropped 0.5% this session, but it is still trading above its 2009 lows.
Commodities were helped considerably by the dollar's decline. In turn, the CRB Commodity Index tacked on 1.3%. Gold was one of the best performing assets this session. It spiked to a record intraday high of $1045 per ounce, before it settled with a 2.2% gain at a record closing high of $1039.70 per ounce.
The dollar's drop and gold's gains helped materials stocks show leadership in the early going, but as the greenback pared its losses midsession and pulled the materials sector back from its near 3% gain, the broader market drifted off of its midday highs. A pullback by financials, which were leaders in the previous session, also undercut the broader market. Goldman Sachs (GS 186.98, +0.51) weighed considerably on the sector as participants pressured the stock in high volume.
However, the stock market was able to recover from the afternoon drift as materials stocks and financial stocks rebounded. Materials stocks settled with a 1.9% gain, while financials finished 1.2% higher.
There weren't any economic releases this session and only a handful of companies made announcements ahead of earnings season's start tomorrow night. Participants had little reaction to results from an auction 3-year Treasuries. Key tests of interest will come later this week with the auctions of 10-year Notes and 30-year Bonds.
|
Leading Sectors: Financials (+1.23%), Tech (+1.90%), Health Care (+0.78%), Consumer Staples (+0.86%), Consumer Discretionary (+1.49%), Industrials (+1.10%), Energy (+2.13%), Telecom (+1.16%), Materials (+1.92%), Utilities (+0.70%)
Leading Industries: Gold +6.97%, Coal & Consumable Fuels +4.55%, Multi-Line Insurance +4.43%, Apparel Retail +3.63%, Aluminum +3.50%, Diversified Metals & Mining +3.42%, Oil & Gas Drilling +3.41%, Consumer Electronics +3.26%, Oil & Gas Exploration & Production +2.97%, Home Entertainment Software +2.95%
Lagging Sectors: None
Lagging Industries: Industrial REITs -3.21%, Health Care Equipment -1.15%, Household Appliances -1.14%
NYSE:
Lower than avg volume @ 1229 vs. 1231 avg
Advancers outpacing Decliners : 2414/621
New highs outpacing new lows : 342/2
NASDAQ:
Higher than avg volume @ 2421 vs. 2276 avg
Advancers outpacing Decliners : 2007/675
New highs outpacing new lows : 132/8
Other Market Moving Factors:
• U.S. dollar makes modest gain
• Gold prices set new high in overnight trade
Quote:
Briefing.com - Tuesday October 06 2009 @ 18:25 ET AMC
After-Hours Report : YUM Modestly Higher Following Earnings Results
Despite a downward drift in afternoon action, stocks were able to march considerably higher in broad-based fashion for the second straight session as overseas gains and a weaker U.S. dollar kept buyers in the market.
After the close, YUM! Brands (YUM) reported third quarter earnings of $0.70 per share, which was $0.12 better than the First Call consensus. Revenue fell 2.3% to $2.78 billion, just under $2.79 billion consensus, but raised earnings guidance for fiscal year 2009 to $2.14, excluding non-recurring items, vs. the $2.13 consensus and up from the prior guidance of $2.10 per share.
All sectors were in positive territory, led by energy (+2.1%), materials (+1.9%) and consumer discretionary (+1.5%).
Futures are slightly lower after hours with S&P 500 futures 1.77 points below fair value of 1048.8 and Nasdaq 100 futures 2.8 points below fair value of 1701.
Companies trading higher in after hours in reaction to earnings: YUM +1.3%... Companies trading lower in after hours in reaction to earnings: CAR -9.3%... Companies trading lower in after hours in reaction to news: AAI -12.2% (announces an offering of $75 million of convertible senior notes and 9 mln shares of common stock); CAR -9.3% (announces a $250 mln sr notes offering); LINE -5.4% (announces it plans to make a public offering of 6 mln units of its limited liability company interests); SUN -2.5% (announces strategic actions to strengthen competitive position; idles Eagle Point refinery, reduces quarterly dividend to $0.15 per share).
Tomorrow morning, there is no economic data scheduled to be released before the open.
Ahead of tomorrow morning's opening bell, Acuity Brands (AYI), Costco (COST), Family Dollar (FDO), Helen of Troy (HELE), Monsanto (MON) and Wolverine (WWW) are scheduled to report earnings.
|
_______________________________________
U.S Markets - Wednesday October 07 2009 - BMO
TECHNICAL UPDATE
DOW JONES INDUSTRIAL AVERAGE (DJIND: CBOT) 9,731.25, +131.5 (+1.37%)
NASDAQ COMPOSITE INDEX (COMB) (COMP.IDX: NASDAQ) 2,103.57, +35.42 (+1.71%)
S&P 500 INDEX (SPX: CBOE) 1,054.72, +14.26 (+1.37%)
__________________________________________
Current Markets
Asian Markets Wednesday October 07 2009 @ Oct 7 9:04am:
HANG SENG 21,241.59 ( +430.06 +2.07% )
NIKKEI 225 9,799.60 ( +107.80 +1.11% )
KLSE 1,218.61 ( +5.88 +0.48% )
STI 2,634.63 ( +22.74 +0.87% )
Currencies Wednesday October 07 2009 @ Oct 7 9:04am:
U.S. Dollar vs Euro ( -0.0058 -0.39% ) 1.4664
U.S. Dollar vs Yen ( +0.61 +0.69% ) 0.0112
U.S. Dollar vs UK £ ( 0.00 -0.15% ) 1.59
Treasury Yields :
2 Year Note 0.89% -0.01 • 5 Year Note 2.20% -0.04
10 Year Note 3.22% -0.03 • 30 Year Note 4.03% -0.03
Gold (CMX ) December 09 ($US per Troy oz.) : 1039.70 ( +21.90)
Light Crude (NYM ) November 09 ($US per bbl.) : 70.88 ( +0.47)
Earnings Highlights for Wednesday October 07 2009
AYI , COST , FDO , HELE , ON , WWW , AA , RT
Events for Wednesday October 07 2009
10:30 Crude Inventories
14:00 Treasury Budget
15:00 Consumer Credit
___________________________________________
Summary
Take this jobless recovery and shove it!" : http://money.cnn.com/2009/10/06/mark...ion=2009100612
"Gold headed for another record" : http://money.cnn.com/2009/10/07/mark...ion=2009100708
"Stocks seen opening higher" : http://money.cnn.com/2009/10/07/mark...ion=2009100707
Resistance levels @ 9,780 and 9,830
Support levels @ 9,690 and 9,620
Direction for Wednesday October 07 2009; ∆ Up |
| |
Post added on October 07,2009 |
|
|
| Archives |
| |
|
| |
|
| |
|
|
