Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
October 30, 2009 -- 16:20 ET
Moving the Market:
Earnings dismissed as participants push against stocks; sellers focus on financials, materials, and energy. Dollar recovers from previous session's slide. Personal income and spending data for September meets expectations.
Sector Watch:
Strong
consumer electronics; photo products
Weak
health care services; broadcasting; diversified financial services; insurance brokers; life and health insurers; diversified metals; publishing and printing
Market Events
10/30/09 16:20 ET Dow -249.85 at 9712.73, Nasdaq -52.44 at 2045.11, S&P -29.92 at 1036.19:
[BRIEFING.COM] The heady gains that followed a better-than-expected GDP headline number in the previous session proved unsustainable as sellers returned to action Friday to send stocks sharply lower. Losses were broad-based as nearly 95% of the issues in the S&P 500 logged losses, which contributed to the worst weekly loss in five months for the broad market measure.
Financials were the worst hit of the major sectors. They had actually helped lead broad-market gains in the previous session, but plummeted to a 4.8% loss this time around. Within the sector, life and health insurers shed 6.1%. Diversified financial services stocks dropped 6.3%.
Materials stocks and energy stocks were also hit hard, however. The two sectors fell 3.8% and 3.5%, respectively. Their case was worsened by the drop in commodities and energy prices amid a stronger dollar, which advanced 0.6% against a basket of foreign currencies. That marked the greenback's sixth gain in seven sessions.
Even integrated oil giant Chevron (CVX 76.54, -1.41) couldn't shake free from sellers, despite posting better-than-expected third quarter earnings of $1.72 per share. Not a single sector in the S&P 500 proved immune to this session's selling effort. In turn, each finished with a loss of at least 1%. That helped take the S&P 500 well below its 50-day moving average of 1052 and hand the stock market its first monthly loss since an 11% monthly drop in February.
There wasn't any immediate cause for this session's decline, though some market watchers point out that stocks have had an increasingly difficult time of climbing higher since making their strong runs in recent months. Others have pointed out that there may be some month-end portfolio rebalancing and window dressing accounting for the recent whipsaw trade.
Nonetheless, the concerted selling effort brought about a spike in volatility. That sent the Volatility Index, often dubbed the Fear Gauge, up 24%, which marks its sharpest single-session spike by percent this year. Moreover, the VIX now stands at its highest level since July. Complementing the spike in the VIX is an elevated put-to-call ratio of 1.2, which is indicative of positioning for downside protection.
The broader market's negative bias this session overshadowed what was generally a solid batch of economic data. Specifically, personal income for September was flat, as expected, and spending fell 0.5%, as expected. That data was already included in the third quarter GDP data that was released Thursday, though.
The October Chicago PMI bounced to 54.2, which bested the 49.0 consensus, but the report was largely ignored.
Nasdaq -52.44 at 2045.11... S&P Midcap 400 -2.8... NYSE Adv/Dec 405/2655... Nasdaq Adv/Dec 494/2191.
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Weekly & Daily Stock Earnings Calendar:
10/26
Verizon VZ 10/26 8am
10/27
Under Armour UA 10/27 8am
US Steel X 10/27 8am
Visa V 10/27 8am
Etrade ETFC 10/27 4pm
10/28
Level 3 Communications LVLT 10/28 4pm
10/29
Exxon Mobile XOM 10/29 8am
Motorola MOT 10/29 8am
Procter & Gamble PG 10/29 8am
Sprint S 10/29 8am
Cliffs Natural Resources CLF 10/29 4pm
10/30
NYSE Euronext 10/30 8am
Chevron CVX 10/30 8am
11/02
Cheasapeake Energy CHK 11/02 4pm
Alpha Natural Resources ANR 11/02 8am
James River Coal JRCC 11/02 8am
Mastercard MA 11/02 8am
STEC Inc STEC 11/02 4pm
Reuters News:
Saturday, October 31, 2009
Tuesday, October 27, 2009
Market update 10/27/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
October 27, 2009 -- 16:25 ET
Moving the Market:
Earnings remain in focus, but results fail to inspire participants. Consumer Confidence Index for October disappoints. Results of 2-year Treasury auction prove better than average.
Sector Watch:
Strong
managed care; integrated oil and gas; consumer finance; environmental facilities; food distributors; integrated telecom; computers and electronics
Weak
casinos and gaming; steel; autoparts and equipment; apparel and accessories; apparel retailers; building products; consumer electronics; oil and gas refiners
Market Events
10/27/09 16:25 ET Dow +14.21 at 9882.17, Nasdaq -25.76 at 2116.09, S&P -3.54 at 1063.41:
[BRIEFING.COM] Stocks struggled for the entire session to set forth on a clear path. That left the major indices to finish a bit mixed.
The Dow was able to net a modest gain as Exxon Mobil (XOM 74.91, +1.68) and Chevron (CVX 76.59, +1.14) shared in strength stemming from a better-than-expected earnings report from BP PLC (BP 57.82, +2.34). IBM (IBM 120.65, +0.54) also provided leadership to blue chips by announcing that it has authorized $5.0 billion for stock repurchases, which not only help improve earnings per share results by reducing the number of outstanding shares, but also sends a signal to investors that strong companies are now willing to fund buybacks, rather than stash cash into their coffers amid economic tumult.
Despite IBM's strength, many large-cap tech issues traded as laggards following downside guidance from Internet search engine Baidu.com (BIDU 383.66, -49.31). Collective weakness among large-cap tech caused the Nasdaq to underperform the other headline indices.
Shares of consumer discretionary stocks were among the worst performers this session, though. They dropped 1.7% as retailers recoiled following a disappointing Consumer Confidence Index reading of 47.7 for October. The consensus had called for a reading of 53.5. Even shares of Under Armour (UA 29.27, -3.82) slumped, despite better-than-expected quarterly earnings and a raised forecast.
Steel stocks also suffered. They dropped 5.8% amid ongoing concerns regarding demand from such players as US Steel (X 37.41, -3.17) and Schnitzer Steel (SCHN 47.38, -3.81), though both beat earnings expectations.
Energy stocks steadily outperformed the broader market for the entire session. The sector was helped along by a 1.6% gain by integrated oil stocks and a 1.0% increase in oil prices, which settled pit trade at $79.44 per barrel.
Oil's advance came in the face of a 0.2% gain by the U.S. dollar against a basket of foreign currencies. The Dollar Index has now advanced for four straight sessions.
Treasuries advanced solidly amid the mixed action among stocks. They were also helped along by a strong 3.6 bid-to-cover outcome for a $44 billion auction of 2-year Treasuries. That helped the benchmark 10-year Note climb nearly one full point and push its yield back below 3.5%.
Nasdaq -25.76 at 2116.09... S&P Midcap 400 -1.1... NYSE Adv/Dec 1053/1977... Nasdaq Adv/Dec 860/1802.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
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Weekly & Daily Stock Earnings Calendar:
10/26
Verizon VZ 10/26 8am
10/27
Under Armour UA 10/27 8am
US Steel X 10/27 8am
Visa V 10/27 8am
Etrade ETFC 10/27 4pm
10/28
Level 3 Communications LVLT 10/28 4pm
10/29
Exxon Mobile XOM 10/29 8am
Motorola MOT 10/29 8am
Procter & Gamble PG 10/29 8am
Sprint S 10/29 8am
Cliffs Natural Resources CLF 10/29 4pm
10/30
NYSE Euronext 10/30 8am
Chevron CVX 10/30 8am
11/02
Cheasapeake Energy CHK 11/02 4pm
Alpha Natural Resources ANR 11/02 8am
James River Coal JRCC 11/02 8am
Mastercard MA 11/02 8am
STEC Inc STEC 11/02 4pm
Reuters News:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
October 27, 2009 -- 16:25 ET
Moving the Market:
Earnings remain in focus, but results fail to inspire participants. Consumer Confidence Index for October disappoints. Results of 2-year Treasury auction prove better than average.
Sector Watch:
Strong
managed care; integrated oil and gas; consumer finance; environmental facilities; food distributors; integrated telecom; computers and electronics
Weak
casinos and gaming; steel; autoparts and equipment; apparel and accessories; apparel retailers; building products; consumer electronics; oil and gas refiners
Market Events
10/27/09 16:25 ET Dow +14.21 at 9882.17, Nasdaq -25.76 at 2116.09, S&P -3.54 at 1063.41:
[BRIEFING.COM] Stocks struggled for the entire session to set forth on a clear path. That left the major indices to finish a bit mixed.
The Dow was able to net a modest gain as Exxon Mobil (XOM 74.91, +1.68) and Chevron (CVX 76.59, +1.14) shared in strength stemming from a better-than-expected earnings report from BP PLC (BP 57.82, +2.34). IBM (IBM 120.65, +0.54) also provided leadership to blue chips by announcing that it has authorized $5.0 billion for stock repurchases, which not only help improve earnings per share results by reducing the number of outstanding shares, but also sends a signal to investors that strong companies are now willing to fund buybacks, rather than stash cash into their coffers amid economic tumult.
Despite IBM's strength, many large-cap tech issues traded as laggards following downside guidance from Internet search engine Baidu.com (BIDU 383.66, -49.31). Collective weakness among large-cap tech caused the Nasdaq to underperform the other headline indices.
Shares of consumer discretionary stocks were among the worst performers this session, though. They dropped 1.7% as retailers recoiled following a disappointing Consumer Confidence Index reading of 47.7 for October. The consensus had called for a reading of 53.5. Even shares of Under Armour (UA 29.27, -3.82) slumped, despite better-than-expected quarterly earnings and a raised forecast.
Steel stocks also suffered. They dropped 5.8% amid ongoing concerns regarding demand from such players as US Steel (X 37.41, -3.17) and Schnitzer Steel (SCHN 47.38, -3.81), though both beat earnings expectations.
Energy stocks steadily outperformed the broader market for the entire session. The sector was helped along by a 1.6% gain by integrated oil stocks and a 1.0% increase in oil prices, which settled pit trade at $79.44 per barrel.
Oil's advance came in the face of a 0.2% gain by the U.S. dollar against a basket of foreign currencies. The Dollar Index has now advanced for four straight sessions.
Treasuries advanced solidly amid the mixed action among stocks. They were also helped along by a strong 3.6 bid-to-cover outcome for a $44 billion auction of 2-year Treasuries. That helped the benchmark 10-year Note climb nearly one full point and push its yield back below 3.5%.
Nasdaq -25.76 at 2116.09... S&P Midcap 400 -1.1... NYSE Adv/Dec 1053/1977... Nasdaq Adv/Dec 860/1802.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
10/26
Verizon VZ 10/26 8am
10/27
Under Armour UA 10/27 8am
US Steel X 10/27 8am
Visa V 10/27 8am
Etrade ETFC 10/27 4pm
10/28
Level 3 Communications LVLT 10/28 4pm
10/29
Exxon Mobile XOM 10/29 8am
Motorola MOT 10/29 8am
Procter & Gamble PG 10/29 8am
Sprint S 10/29 8am
Cliffs Natural Resources CLF 10/29 4pm
10/30
NYSE Euronext 10/30 8am
Chevron CVX 10/30 8am
11/02
Cheasapeake Energy CHK 11/02 4pm
Alpha Natural Resources ANR 11/02 8am
James River Coal JRCC 11/02 8am
Mastercard MA 11/02 8am
STEC Inc STEC 11/02 4pm
Reuters News:
Monday, October 26, 2009
Market update 10/26/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
October 26, 2009 -- 16:30 ET
Moving the Market:
Oil prices reverse into negative territory. Financials show weakness following analyst downgrades.
U.S. dollar pares losses against foreign currencies. Overseas markets make tepid gains.
Sector Watch:
Strong
internet retailers; computers and electronics; household appliances; building products; systems software; leisure products; apparel retailers; apparel and accessories; home furnishings residential REITs
Weak
specialty consumer services; health care facilities; fertilizer and agricultural chemicals; regional banks; diversified banks; diversified financial services; gold
Market Events
10/26/09 16:30 ET Dow -104.22 at 9867.96, Nasdaq -12.62 at 2141.85, S&P -12.65 at 1066.95:
[BRIEFING.COM] Stocks dropped in broad-based fashion after they failed to extend an early gain and the U.S. dollar made another strong move off of its yearly low.
The major indices were been up solidly in the early going, but the S&P 500 struggled to break above the 1090 zone and the Nasdaq 100 ran into resistance when it approached the 2009 highs that it had set last week. As stocks stalled, sellers stepped in and undercut the early advance. That caused stocks to drop sharply and spend the rest of the afternoon trading in negative territory.
A stronger dollar also weighed on stocks. The greenback has now gained ground against a basket of foreign currencies for three straight sessions, the latest of which took it 0.7% higher in its best single-session percentage move of the past month. That made for particular trouble against multinationals and materials stocks, which dropped 2.5%.
Monsanto (MON 70.69, -4.54) created an additional drag on the materials sector. The stock was caught up in chatter that an analyst issued pessimistic comments about the chemical company's pricing efforts.
Financials were also among the worst performers this session. The sector sank 2.5% as bank stocks tumbled 4.1%, based on the KBW Banking Index. Weakness surrounding banking issues stemmed from a downgrade by Rochdale of regional lenders Fifth Third (FITB 9.52, -0.82) and SunTrust (STI 19.85, -1.14).
There weren't any real leaders for participants to follow this session. Dow component Verizon (VZ 28.64, -0.21) was one of the only widely-held companies to report its latest results this morning. The integrated telecom giant posted better-than-expected adjusted earnings of $0.60 per share for the third quarter, but they were largely dismissed, leaving telecom to fall to a 1.3% loss.
All 10 major sectors finished the session in the red. Seven of them suffered losses in excess of 1%.
Despite widespread weakness in the equity markets, Treasuries suffered. As such, the benchmark 10-year Note dropped roughly 18 ticks, which took its yield above 3.5% for the first time since August. Its weakness seemed to worsen in the wake of better-than-average results for an auction of 5-year TIPS.
Nasdaq -12.62 at 2141.85... S&P Midcap 400 -1.1... NYSE Adv/Dec 713/2317... Nasdaq Adv/Dec 763/1914.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
10/26
Verizon VZ 10/26 8am
10/27
Under Armour UA 10/27 8am
US Steel X 10/27 8am
Visa V 10/27 8am
Etrade ETFC 10/27 4pm
10/28
Level 3 Communications LVLT 10/28 4pm
10/29
Exxon Mobile XOM 10/29 8am
Motorola MOT 10/29 8am
Procter & Gamble PG 10/29 8am
Sprint S 10/29 8am
Cliffs Natural Resources CLF 10/29 4pm
10/30
NYSE Euronext 10/30 8am
Chevron CVX 10/30 8am
11/02
Cheasapeake Energy CHK 11/02 4pm
Alpha Natural Resources ANR 11/02 8am
James River Coal JRCC 11/02 8am
Mastercard MA 11/02 8am
STEC Inc STEC 11/02 4pm
Reuters News:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
October 26, 2009 -- 16:30 ET
Moving the Market:
Oil prices reverse into negative territory. Financials show weakness following analyst downgrades.
U.S. dollar pares losses against foreign currencies. Overseas markets make tepid gains.
Sector Watch:
Strong
internet retailers; computers and electronics; household appliances; building products; systems software; leisure products; apparel retailers; apparel and accessories; home furnishings residential REITs
Weak
specialty consumer services; health care facilities; fertilizer and agricultural chemicals; regional banks; diversified banks; diversified financial services; gold
Market Events
10/26/09 16:30 ET Dow -104.22 at 9867.96, Nasdaq -12.62 at 2141.85, S&P -12.65 at 1066.95:
[BRIEFING.COM] Stocks dropped in broad-based fashion after they failed to extend an early gain and the U.S. dollar made another strong move off of its yearly low.
The major indices were been up solidly in the early going, but the S&P 500 struggled to break above the 1090 zone and the Nasdaq 100 ran into resistance when it approached the 2009 highs that it had set last week. As stocks stalled, sellers stepped in and undercut the early advance. That caused stocks to drop sharply and spend the rest of the afternoon trading in negative territory.
A stronger dollar also weighed on stocks. The greenback has now gained ground against a basket of foreign currencies for three straight sessions, the latest of which took it 0.7% higher in its best single-session percentage move of the past month. That made for particular trouble against multinationals and materials stocks, which dropped 2.5%.
Monsanto (MON 70.69, -4.54) created an additional drag on the materials sector. The stock was caught up in chatter that an analyst issued pessimistic comments about the chemical company's pricing efforts.
Financials were also among the worst performers this session. The sector sank 2.5% as bank stocks tumbled 4.1%, based on the KBW Banking Index. Weakness surrounding banking issues stemmed from a downgrade by Rochdale of regional lenders Fifth Third (FITB 9.52, -0.82) and SunTrust (STI 19.85, -1.14).
There weren't any real leaders for participants to follow this session. Dow component Verizon (VZ 28.64, -0.21) was one of the only widely-held companies to report its latest results this morning. The integrated telecom giant posted better-than-expected adjusted earnings of $0.60 per share for the third quarter, but they were largely dismissed, leaving telecom to fall to a 1.3% loss.
All 10 major sectors finished the session in the red. Seven of them suffered losses in excess of 1%.
Despite widespread weakness in the equity markets, Treasuries suffered. As such, the benchmark 10-year Note dropped roughly 18 ticks, which took its yield above 3.5% for the first time since August. Its weakness seemed to worsen in the wake of better-than-average results for an auction of 5-year TIPS.
Nasdaq -12.62 at 2141.85... S&P Midcap 400 -1.1... NYSE Adv/Dec 713/2317... Nasdaq Adv/Dec 763/1914.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
10/26
Verizon VZ 10/26 8am
10/27
Under Armour UA 10/27 8am
US Steel X 10/27 8am
Visa V 10/27 8am
Etrade ETFC 10/27 4pm
10/28
Level 3 Communications LVLT 10/28 4pm
10/29
Exxon Mobile XOM 10/29 8am
Motorola MOT 10/29 8am
Procter & Gamble PG 10/29 8am
Sprint S 10/29 8am
Cliffs Natural Resources CLF 10/29 4pm
10/30
NYSE Euronext 10/30 8am
Chevron CVX 10/30 8am
11/02
Cheasapeake Energy CHK 11/02 4pm
Alpha Natural Resources ANR 11/02 8am
James River Coal JRCC 11/02 8am
Mastercard MA 11/02 8am
STEC Inc STEC 11/02 4pm
Reuters News:
Thursday, October 1, 2009
Market update 10/01/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
Needed some time off, but now I'm back!
CNBC:
October 01, 2009 -- 16:30 ET
Moving the Market:
Deluge of economic data keeps dour mood intact. U.S. dollar advances, helping to send commodities prices lower; stocks hampered by greenback's gains, too.
Sector Watch:
Strong
distillers and vintners; drug retailers
Weak
photo products; health care facilities; construction materials; casinos and gaming; airlines; multisector holdings; industrial REITs; residential REITs; office REITs
Market Events
10/01/09 16:30 ET Dow -156.44 at 9555.84, Nasdaq -54.41 at 2068.01, S&P -22.21 at 1034.87:
[BRIEFING.COM] A deluge of data and concern regarding tomorrow's jobs report pushed buyers to the sidelines. That left stocks to drop sharply in broad-based fashion, resulting in the stock market's worst single-session percentage loss since in July.
The dour mood among participants was evident from the start. Stocks started in the red as the previous session's lackluster finish carried over into morning trade and foreign markets faltered. News that the International Monetary Fund raised its forecast for 2010 global economic growth to 3.1% from 2.5% had no real positive impact.
Though the IMF forecast was widely disregarded, market participants were focused on several other reports, including another disappointing jobless claims tally. Initial claims climbed 17,000 to 551,000, which is a higher count than had been expected. Continuing claims came in at 6.09 million, which is below the consensus estimate and down 70,000 from the previous week, but that is largely due to the expiration of jobless benefits. The ugly claims numbers and the disappointing ADP report on Wednesday serve as salient reminders that the government's nonfarm payrolls report for September could be disappointing. The official payrolls report is due tomorrow morning.
Personal income and spending for August were up 0.2% and 1.3%, respectively. Both exceeded expectations, while core personal consumption climbed a mere 0.1%, as expected.
The ISM Manufacturing Index for September came below at 52.6, which is below what was expected, but the figure still indicates growth in the manufacturing sector.
Construction spending during August made a surprise 0.8% increase, while pending home sales for August surprised some by increasing 6.4% in August.
Stocks were also dogged by a stronger U.S. dollar, which was helped partly by supportive comments from Fed Chairman Bernanke, who said that there is no immediate risk to the dollar. With the Dollar Index up nearly 0.7%, basic materials stocks and commodities showed weakness for the entire session. Materials stocks finished 3.9%, while the CRB Commodity Index dropped 1.5%.
Financials were the worst performers for the session, though. The sector dropped 4.4%. Banks were some of the worst performers as regional banks dropped 5.5%, diversified financial services fell 5.2%, and diversified banks dropped 5.1%. Bank of America (BAC 16.21, -0.71) was one of the few companies to make headlines this session. The company's Chief Executive, Ken Lewis, announced that he will retire by year's end. No successor has been named, though.
With 95% of the companies listed in the S&P 500 logging losses, many participants pursued Treasuries. That helped send the benchmark 10-year Note more than one full point higher. In turn, its yield fell to fresh multimonth lows below 3.2%.
Trading volume made a considerable pullback from the previous session, now that quarter-end window dressing and portfolio rebalancing has come to an end. Only 1 billion shares traded hands on the NYSE this session.
Nasdaq -54.41 at 2068.01... S&P Midcap 400 -3.1... NYSE Adv/Dec 533/2475... Nasdaq Adv/Dec 498/2181.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
10/5
Mosaic MOS 10/5 8am
10/7
Family Dollar FDO 10/7 8am
Monsanto Company MON 10/7 8am
Alcoa AA 10/7 4pm
Ruby Tuesday RT 10/7 4pm
10/8
Marriot Intl MAR 10/8 8am
10/9
Infosys Tech INFY 10/9 8am
10/13
CSX Corp CSX 10/13 4pm
Intel INTC 10/13 4pm
10/14
JP Morgan JPM 10/14 8am
Xilinx XLNX 10/14 4pm
10/15
Citigroup C 10/15 8am
Harley Davidson HOG 10/15 8am
Nokia NOK 10/15 8am
IBM IBM 10/15 4pm
Reuters News:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
Needed some time off, but now I'm back!
CNBC:
October 01, 2009 -- 16:30 ET
Moving the Market:
Deluge of economic data keeps dour mood intact. U.S. dollar advances, helping to send commodities prices lower; stocks hampered by greenback's gains, too.
Sector Watch:
Strong
distillers and vintners; drug retailers
Weak
photo products; health care facilities; construction materials; casinos and gaming; airlines; multisector holdings; industrial REITs; residential REITs; office REITs
Market Events
10/01/09 16:30 ET Dow -156.44 at 9555.84, Nasdaq -54.41 at 2068.01, S&P -22.21 at 1034.87:
[BRIEFING.COM] A deluge of data and concern regarding tomorrow's jobs report pushed buyers to the sidelines. That left stocks to drop sharply in broad-based fashion, resulting in the stock market's worst single-session percentage loss since in July.
The dour mood among participants was evident from the start. Stocks started in the red as the previous session's lackluster finish carried over into morning trade and foreign markets faltered. News that the International Monetary Fund raised its forecast for 2010 global economic growth to 3.1% from 2.5% had no real positive impact.
Though the IMF forecast was widely disregarded, market participants were focused on several other reports, including another disappointing jobless claims tally. Initial claims climbed 17,000 to 551,000, which is a higher count than had been expected. Continuing claims came in at 6.09 million, which is below the consensus estimate and down 70,000 from the previous week, but that is largely due to the expiration of jobless benefits. The ugly claims numbers and the disappointing ADP report on Wednesday serve as salient reminders that the government's nonfarm payrolls report for September could be disappointing. The official payrolls report is due tomorrow morning.
Personal income and spending for August were up 0.2% and 1.3%, respectively. Both exceeded expectations, while core personal consumption climbed a mere 0.1%, as expected.
The ISM Manufacturing Index for September came below at 52.6, which is below what was expected, but the figure still indicates growth in the manufacturing sector.
Construction spending during August made a surprise 0.8% increase, while pending home sales for August surprised some by increasing 6.4% in August.
Stocks were also dogged by a stronger U.S. dollar, which was helped partly by supportive comments from Fed Chairman Bernanke, who said that there is no immediate risk to the dollar. With the Dollar Index up nearly 0.7%, basic materials stocks and commodities showed weakness for the entire session. Materials stocks finished 3.9%, while the CRB Commodity Index dropped 1.5%.
Financials were the worst performers for the session, though. The sector dropped 4.4%. Banks were some of the worst performers as regional banks dropped 5.5%, diversified financial services fell 5.2%, and diversified banks dropped 5.1%. Bank of America (BAC 16.21, -0.71) was one of the few companies to make headlines this session. The company's Chief Executive, Ken Lewis, announced that he will retire by year's end. No successor has been named, though.
With 95% of the companies listed in the S&P 500 logging losses, many participants pursued Treasuries. That helped send the benchmark 10-year Note more than one full point higher. In turn, its yield fell to fresh multimonth lows below 3.2%.
Trading volume made a considerable pullback from the previous session, now that quarter-end window dressing and portfolio rebalancing has come to an end. Only 1 billion shares traded hands on the NYSE this session.
Nasdaq -54.41 at 2068.01... S&P Midcap 400 -3.1... NYSE Adv/Dec 533/2475... Nasdaq Adv/Dec 498/2181.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
10/5
Mosaic MOS 10/5 8am
10/7
Family Dollar FDO 10/7 8am
Monsanto Company MON 10/7 8am
Alcoa AA 10/7 4pm
Ruby Tuesday RT 10/7 4pm
10/8
Marriot Intl MAR 10/8 8am
10/9
Infosys Tech INFY 10/9 8am
10/13
CSX Corp CSX 10/13 4pm
Intel INTC 10/13 4pm
10/14
JP Morgan JPM 10/14 8am
Xilinx XLNX 10/14 4pm
10/15
Citigroup C 10/15 8am
Harley Davidson HOG 10/15 8am
Nokia NOK 10/15 8am
IBM IBM 10/15 4pm
Reuters News:
Market update 09/30/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
September 30, 2009 -- 16:25 ET
Moving the Market:
Stocks rebuffed after failing to break above morning highs. Latest batch of earnings prove better than expected. ADP Employment Report for September disappoints, but headline number for revised second quarter GDP exceeds expectations. Chicago PMI retreats and misses expectations. End-of-month and end-of-quarter portfolio rebalancing expected.
Sector Watch:
Strong:
footwear; electronic manufacturing services; agricultural products; internet retailers; health care facilities; distributors; personal products; semiconductor equipment
Weak:
homebuilding; building products; office electronics; industrial REITs; automakers; broadcasting; managed health care; advertising
Market Events
09/30/09 16:25 ET Dow -29.92 at 9712.28, Nasdaq -1.62 at 2122.42, S&P -3.53 at 1057.08:
[BRIEFING.COM] An early selling effort dropped stocks from an initial gain to a loss of more than 1%, but stocks gradually made their way back to positive ground before falling under a second wave of selling pressure. Although they finished the session with a loss, stocks still logged impressive gains for the month.
Better-than-expected earnings from several companies, including Nike (NKE 64.70, +4.61) and Jabil Circuit (JBL 13.41, +1.13) helped prop up the bias in the broader market this morning. The tone of trade improved further from news that second quarter GDP was revised upward to show an annualized decline of 0.7%, which is better than the 1.2% annualized decline that had been expected.
The GDP headline overshadowed the latest ADP Employment Change Report, which indicated that 254,000 private jobs were lost during September. Since that is worse than the consensus forecast for 200,000 job losses, some wonder whether the government's official nonfarm payrolls report on Friday will be worse than expected.
Despite early signs of strength, stocks reversed direction in the first few minutes of trade. The slide was exacerbated by news that the Chicago PMI reading for September came in at 46.1, below the consensus forecast of 52.0 and down from the previous reading of 50.0.
Within the first hour of trading the S&P 500 saw a modest gain turn into a loss of 1.3%. However, buyers waded back into the action and helped stocks turn their losses into a midday gain. The rally was challenged, though, as the S&P 500 failed to push through its opening highs.
Tech had been a primary source of support for the midsession advance, but renewed selling pressure in the second half of the session left the sector to finish with a mere 0.2% gain. Semiconductor stocks were able to hold on to a near 0.9% gain, however.
Materials stocks had also provided leadership as commodities prices soared. Though the sector faltered and finished with a 0.5% loss, the CRB Commodity Index jumped 2.9% in its best single-session percentage gain in nearly two months.
The CRB's impressive performance came as bullish gasoline inventory data helped underpin a 5.7% gain by crude oil prices, which settled at $70.49 per barrel. Meanwhile, gold prices shot up a strong 1.5% to settle at $1009.50 per ounce.
The strong performance by commodities helped give the CRB Commodity Index a 0.6% gain for September and a 3.8% gain for the third quarter.
Though stocks finished September on a rather dour note, the S&P 500 was still able to book a monthly gain of 2.7% and a quarterly gain of 14.9%, which is the second best quarterly performance for the S&P 500 this decade. The best quarter came in the second quarter of this year, when the stock market advanced 16.7%.
With the end of the quarter at hand, investors and portfolio managers drove trading volume in the NYSE sharply higher as they juggled their portfolios. In turn, nearly 1.8 million shares traded hands on the NYSE. That's the second highest single-session tally this month.
Nasdaq -1.62 at 2122.42... S&P Midcap 400 -0.6... NYSE Adv/Dec 1257/1757... Nasdaq Adv/Dec 996/1704.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
10/5
Mosaic MOS 10/5 8am
10/7
Family Dollar FDO 10/7 8am
Monsanto Company MON 10/7 8am
Alcoa AA 10/7 4pm
Ruby Tuesday RT 10/7 4pm
10/8
Marriot Intl MAR 10/8 8am
10/9
Infosys Tech INFY 10/9 8am
10/13
CSX Corp CSX 10/13 4pm
Intel INTC 10/13 4pm
10/14
JP Morgan JPM 10/14 8am
Xilinx XLNX 10/14 4pm
10/15
Citigroup C 10/15 8am
Harley Davidson HOG 10/15 8am
Nokia NOK 10/15 8am
IBM IBM 10/15 4pm
Reuters News:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
September 30, 2009 -- 16:25 ET
Moving the Market:
Stocks rebuffed after failing to break above morning highs. Latest batch of earnings prove better than expected. ADP Employment Report for September disappoints, but headline number for revised second quarter GDP exceeds expectations. Chicago PMI retreats and misses expectations. End-of-month and end-of-quarter portfolio rebalancing expected.
Sector Watch:
Strong:
footwear; electronic manufacturing services; agricultural products; internet retailers; health care facilities; distributors; personal products; semiconductor equipment
Weak:
homebuilding; building products; office electronics; industrial REITs; automakers; broadcasting; managed health care; advertising
Market Events
09/30/09 16:25 ET Dow -29.92 at 9712.28, Nasdaq -1.62 at 2122.42, S&P -3.53 at 1057.08:
[BRIEFING.COM] An early selling effort dropped stocks from an initial gain to a loss of more than 1%, but stocks gradually made their way back to positive ground before falling under a second wave of selling pressure. Although they finished the session with a loss, stocks still logged impressive gains for the month.
Better-than-expected earnings from several companies, including Nike (NKE 64.70, +4.61) and Jabil Circuit (JBL 13.41, +1.13) helped prop up the bias in the broader market this morning. The tone of trade improved further from news that second quarter GDP was revised upward to show an annualized decline of 0.7%, which is better than the 1.2% annualized decline that had been expected.
The GDP headline overshadowed the latest ADP Employment Change Report, which indicated that 254,000 private jobs were lost during September. Since that is worse than the consensus forecast for 200,000 job losses, some wonder whether the government's official nonfarm payrolls report on Friday will be worse than expected.
Despite early signs of strength, stocks reversed direction in the first few minutes of trade. The slide was exacerbated by news that the Chicago PMI reading for September came in at 46.1, below the consensus forecast of 52.0 and down from the previous reading of 50.0.
Within the first hour of trading the S&P 500 saw a modest gain turn into a loss of 1.3%. However, buyers waded back into the action and helped stocks turn their losses into a midday gain. The rally was challenged, though, as the S&P 500 failed to push through its opening highs.
Tech had been a primary source of support for the midsession advance, but renewed selling pressure in the second half of the session left the sector to finish with a mere 0.2% gain. Semiconductor stocks were able to hold on to a near 0.9% gain, however.
Materials stocks had also provided leadership as commodities prices soared. Though the sector faltered and finished with a 0.5% loss, the CRB Commodity Index jumped 2.9% in its best single-session percentage gain in nearly two months.
The CRB's impressive performance came as bullish gasoline inventory data helped underpin a 5.7% gain by crude oil prices, which settled at $70.49 per barrel. Meanwhile, gold prices shot up a strong 1.5% to settle at $1009.50 per ounce.
The strong performance by commodities helped give the CRB Commodity Index a 0.6% gain for September and a 3.8% gain for the third quarter.
Though stocks finished September on a rather dour note, the S&P 500 was still able to book a monthly gain of 2.7% and a quarterly gain of 14.9%, which is the second best quarterly performance for the S&P 500 this decade. The best quarter came in the second quarter of this year, when the stock market advanced 16.7%.
With the end of the quarter at hand, investors and portfolio managers drove trading volume in the NYSE sharply higher as they juggled their portfolios. In turn, nearly 1.8 million shares traded hands on the NYSE. That's the second highest single-session tally this month.
Nasdaq -1.62 at 2122.42... S&P Midcap 400 -0.6... NYSE Adv/Dec 1257/1757... Nasdaq Adv/Dec 996/1704.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
10/5
Mosaic MOS 10/5 8am
10/7
Family Dollar FDO 10/7 8am
Monsanto Company MON 10/7 8am
Alcoa AA 10/7 4pm
Ruby Tuesday RT 10/7 4pm
10/8
Marriot Intl MAR 10/8 8am
10/9
Infosys Tech INFY 10/9 8am
10/13
CSX Corp CSX 10/13 4pm
Intel INTC 10/13 4pm
10/14
JP Morgan JPM 10/14 8am
Xilinx XLNX 10/14 4pm
10/15
Citigroup C 10/15 8am
Harley Davidson HOG 10/15 8am
Nokia NOK 10/15 8am
IBM IBM 10/15 4pm
Reuters News:
Thursday, September 17, 2009
Market update 09/17/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
September 17, 2009 -- 16:30 ET
Moving the Market:
Oracle posts in-line earnings and issues in-line outlook, while FedEx reaffirms quarterly earnings and forecast. Housing starts for August meet expectations, while latest weekly jobless claims are lower than expected and continuing claims are higher than expected.
Sector Watch:
Strong:
oil and gas refiners; consumer electronics; office services and suppliers; diversified financial services; aerospace and defense; footwear; steel; construction and farming machinery; leisure products
Weak:
photo products; paper products; independent power producers; homebuilders; automakers; health care facilities; publishing and printing; industrial REITs
Market Events
09/17/09 16:30 ET Dow -4.79 at 9783.92, Nasdaq -6.40 at 2126.75, S&P -3.27 at 1065.49:
[BRIEFING.COM] Participants sold the news of a better-than-expected batch of economic reports and handed stocks their first loss in four sessions. Losses were rather contained, though, as stocks are still up more than 2% week-to-date.
Despite stumbling a bit in the moments following the opening bell, stocks looked as if they were going to extend their recent gains. That is until a the Philadelphia Fed Index for September showed that it hit a two-year high of 14.1, which was better than expected. Rather than provide fodder for further buying, the data prompted selling pressure as participants looked to lock in profits after they had watched stocks advance in eight of the previous nine sessions.
The better-than-expected Philly Fed Index complemented several other upbeat economic reports, including housing starts and building permits data for August. Housing starts hit an annualized rate of 598,000, which was spot on with the consensus forecast. More impressive was that the August sales rate marked the best sales pace since November 2008. Building permits came in at an annualized rate of 579,000, which is just below the rate of 583,000 that was widely expected, but it still marked the best pace this year.
In other economic news, initial jobless claims for the week ending September 12 totaled 545,000. Though that marks an uncomfortable level of claims, it wasn't as bad as the 557,000 initial claims that were expected. It also marked a drop of 12,000 from the previous week. Meanwhile, continuing claims climbed to 6.23 million from 6.10 million, even in the face of expiring jobless benefits. According a Reuters report, Nobel Prize-winning economist Paul Krugman said that unemployment in the U.S. will peak in early 2011 because of a slow and painful recovery from the global economic crisis.
With most participants partial to selling, the stock market wasn't able to sustain a couple of bounces in the first half of the session. In turn, stocks spent the second half of the session chopping along in negative territory.
There wasn't a single major sector that was able to post a gain. Telecom fell 1.3% to log the weakest performance for the second straight session. Health care finished flat; it was the best performing sector.
Tech giant Oracle (ORCL 21.52, -0.61) was among the most active names by trading volume this session. The company posted in-line earnings results and issued an in-line earnings forecast last evening. However, shareholders were displeased with the company's top line since it suggested that demand remains relatively weak.
Global delivery outfit FedEx (FDX 76.46, -1.74) was also out with its latest earnings results, but the numbers didn't cause any surprise since the company had already made an announcement last week.
Overall trading volume came on the NYSE came in near 1.5 billion shares for the third straight session. The high volume comes ahead of tomorrow's quadruple witching and quarterly S&P rebalance. Those events could induce added volatility.
Nasdaq -6.40 at 2126.75... S&P Midcap 400 -0.6... NYSE Adv/Dec 1338/1704... Nasdaq Adv/Dec 1324/1366.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
9/15
Best Buy BBY 9/15 8am
Adobe Systems ADBE 9/15 4pm
9/17
Pier 1 Imports PIR 9/17 8am
FedEx FDX 9/17 8am
Palm PALM 9/17 4pm
9/23
AutoZone AZO 9/23 8am
Bed Bath & Beyond BBBY 9/23 8am
Red Hat RHT 9/23 4pm
9/24
Rite Aid RAD 9/24 8am
Research in Motion RIMM 9/24 8am
CNBC:
Reuters News:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
September 17, 2009 -- 16:30 ET
Moving the Market:
Oracle posts in-line earnings and issues in-line outlook, while FedEx reaffirms quarterly earnings and forecast. Housing starts for August meet expectations, while latest weekly jobless claims are lower than expected and continuing claims are higher than expected.
Sector Watch:
Strong:
oil and gas refiners; consumer electronics; office services and suppliers; diversified financial services; aerospace and defense; footwear; steel; construction and farming machinery; leisure products
Weak:
photo products; paper products; independent power producers; homebuilders; automakers; health care facilities; publishing and printing; industrial REITs
Market Events
09/17/09 16:30 ET Dow -4.79 at 9783.92, Nasdaq -6.40 at 2126.75, S&P -3.27 at 1065.49:
[BRIEFING.COM] Participants sold the news of a better-than-expected batch of economic reports and handed stocks their first loss in four sessions. Losses were rather contained, though, as stocks are still up more than 2% week-to-date.
Despite stumbling a bit in the moments following the opening bell, stocks looked as if they were going to extend their recent gains. That is until a the Philadelphia Fed Index for September showed that it hit a two-year high of 14.1, which was better than expected. Rather than provide fodder for further buying, the data prompted selling pressure as participants looked to lock in profits after they had watched stocks advance in eight of the previous nine sessions.
The better-than-expected Philly Fed Index complemented several other upbeat economic reports, including housing starts and building permits data for August. Housing starts hit an annualized rate of 598,000, which was spot on with the consensus forecast. More impressive was that the August sales rate marked the best sales pace since November 2008. Building permits came in at an annualized rate of 579,000, which is just below the rate of 583,000 that was widely expected, but it still marked the best pace this year.
In other economic news, initial jobless claims for the week ending September 12 totaled 545,000. Though that marks an uncomfortable level of claims, it wasn't as bad as the 557,000 initial claims that were expected. It also marked a drop of 12,000 from the previous week. Meanwhile, continuing claims climbed to 6.23 million from 6.10 million, even in the face of expiring jobless benefits. According a Reuters report, Nobel Prize-winning economist Paul Krugman said that unemployment in the U.S. will peak in early 2011 because of a slow and painful recovery from the global economic crisis.
With most participants partial to selling, the stock market wasn't able to sustain a couple of bounces in the first half of the session. In turn, stocks spent the second half of the session chopping along in negative territory.
There wasn't a single major sector that was able to post a gain. Telecom fell 1.3% to log the weakest performance for the second straight session. Health care finished flat; it was the best performing sector.
Tech giant Oracle (ORCL 21.52, -0.61) was among the most active names by trading volume this session. The company posted in-line earnings results and issued an in-line earnings forecast last evening. However, shareholders were displeased with the company's top line since it suggested that demand remains relatively weak.
Global delivery outfit FedEx (FDX 76.46, -1.74) was also out with its latest earnings results, but the numbers didn't cause any surprise since the company had already made an announcement last week.
Overall trading volume came on the NYSE came in near 1.5 billion shares for the third straight session. The high volume comes ahead of tomorrow's quadruple witching and quarterly S&P rebalance. Those events could induce added volatility.
Nasdaq -6.40 at 2126.75... S&P Midcap 400 -0.6... NYSE Adv/Dec 1338/1704... Nasdaq Adv/Dec 1324/1366.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
9/15
Best Buy BBY 9/15 8am
Adobe Systems ADBE 9/15 4pm
9/17
Pier 1 Imports PIR 9/17 8am
FedEx FDX 9/17 8am
Palm PALM 9/17 4pm
9/23
AutoZone AZO 9/23 8am
Bed Bath & Beyond BBBY 9/23 8am
Red Hat RHT 9/23 4pm
9/24
Rite Aid RAD 9/24 8am
Research in Motion RIMM 9/24 8am
CNBC:
Reuters News:
Tuesday, September 8, 2009
Market update 09/08/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
September 08, 2009 -- 16:30 ET
Moving the Market:
Cadbury refuses Kraft. Overseas markets extend recent gains amid IMF calls that global recession could end in the beginning of 2010 and G-20's call for more bank capital. Gold prices race past $1,000 per ounce as UN calls for dollar's replacement as global reserve currency.
Sector Watch:
Strong:
building products; industrial conglomerates; construction materials; coal and consumable fuels; diversified metals and mining; hotels; oil and gas exploration; office REITs; retail REITs
Weak:
managed health care; health care services; publishing and printing; employment services; property and casualty insurers; drug retailers
Market Events
09/08/09 16:30 ET Dow +56.07 at 9497.34, Nasdaq +18.99 at 2037.77, S&P +8.99 at 1025.39:
[BRIEFING.COM] Thanks to broad-based buying, the S&P 500 made solid gains in its first trading session of the week, but the broad market benchmark encountered resistance as it approached last week's highs. Still, stocks settled near their best levels of the session.
Energy stocks and materials stocks led gains for the entire session. They settled 2.6% and 1.5% higher, respectively. Their gains were largely underpinned by strong moves among basic commodities and natural resources as the International Monetary Fund fed economic hopes by saying that the global recovery may begin early next year, sooner than it had previously expected. Commodity prices were also helped by a weaker U.S. dollar, which fell 1.0% against a basket of major foreign currencies to hit an 11-month low after the U.N. said that the greenback should be replaced by a new global reserve currency.
The confluence of positive factors drove gold prices to fresh 18-month highs above $1,008 per ounce, but prices eventually reversed course to settle with a fractional gain at $999.50 per ounce. Oil prices made one of their best single-session percentage gains in more than one month by jumping 3.1% to $71.19 per barrel. That move came ahead of tomorrow's OPEC meeting.
Though energy and materials stocks performed well throughout the session, the broader market fell into a few fits of choppy trading. The more dramatic moves to the downside came as stocks approached last week's highs. However, buyers did show some resolve by bidding stocks back toward session highs ahead of the closing bell.
Health care was the only sector unable to participate in the day's gains. The sector settled 0.4% lower amid ongoing health care reform efforts, including a public option, which New York Times reported is being weighed by the White House. Separate articles suggested nonprofit cooperatives could be proposed as a compromise. Both types of plans have already been part of the contentious debate regarding plans to provide affordable health care to Americans.
There weren't any widely-held companies out with their latest earnings results this morning, so corporate headlines were dominated by news that Cadbury PLC (CBY 51.88, +14.42) refused a $16.7 billion merger offer from Dow component Kraft (KFT 26.45, -1.65). Investors responded by handing shares of CBY one of their best single-session percentage advances on record, while sending KFT markedly lower.
Nasdaq +18.99 at 2037.77... S&P Midcap 400 +1.3... NYSE Adv/Dec 2280/746... Nasdaq Adv/Dec 1606/1017.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
9/3
Shanda Interactive SNDA 9/03 8am
Ulta Salon ULTA 9/03 4pm
9/8
Casey's Stores CASY 9/08 4pm
9/9
Talbots TLB 9/09 8am
NCI Building Systems NCS 9/09 4pm
9/10
lululemon LULU 9/10 8am
National Semiconductor NSM 9/10 4pm
9/11
Campbell Soup CPB 9/11 8am
9/15
Best Buy BBY 9/15 8am
Adobe Systems ADBE 9/15 4pm
9/17
Pier 1 Imports PIR 9/17 8am
FedEx FDX 9/17 8am
Palm PALM 9/17 4pm
9/23
AutoZone AZO 9/23 8am
Bed Bath & Beyond BBBY 9/23 8am
Red Hat RHT 9/23 4pm
9/24
Rite Aid RAD 9/24 8am
Research in Motion RIMM 9/24 8am
Reuters News:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
September 08, 2009 -- 16:30 ET
Moving the Market:
Cadbury refuses Kraft. Overseas markets extend recent gains amid IMF calls that global recession could end in the beginning of 2010 and G-20's call for more bank capital. Gold prices race past $1,000 per ounce as UN calls for dollar's replacement as global reserve currency.
Sector Watch:
Strong:
building products; industrial conglomerates; construction materials; coal and consumable fuels; diversified metals and mining; hotels; oil and gas exploration; office REITs; retail REITs
Weak:
managed health care; health care services; publishing and printing; employment services; property and casualty insurers; drug retailers
Market Events
09/08/09 16:30 ET Dow +56.07 at 9497.34, Nasdaq +18.99 at 2037.77, S&P +8.99 at 1025.39:
[BRIEFING.COM] Thanks to broad-based buying, the S&P 500 made solid gains in its first trading session of the week, but the broad market benchmark encountered resistance as it approached last week's highs. Still, stocks settled near their best levels of the session.
Energy stocks and materials stocks led gains for the entire session. They settled 2.6% and 1.5% higher, respectively. Their gains were largely underpinned by strong moves among basic commodities and natural resources as the International Monetary Fund fed economic hopes by saying that the global recovery may begin early next year, sooner than it had previously expected. Commodity prices were also helped by a weaker U.S. dollar, which fell 1.0% against a basket of major foreign currencies to hit an 11-month low after the U.N. said that the greenback should be replaced by a new global reserve currency.
The confluence of positive factors drove gold prices to fresh 18-month highs above $1,008 per ounce, but prices eventually reversed course to settle with a fractional gain at $999.50 per ounce. Oil prices made one of their best single-session percentage gains in more than one month by jumping 3.1% to $71.19 per barrel. That move came ahead of tomorrow's OPEC meeting.
Though energy and materials stocks performed well throughout the session, the broader market fell into a few fits of choppy trading. The more dramatic moves to the downside came as stocks approached last week's highs. However, buyers did show some resolve by bidding stocks back toward session highs ahead of the closing bell.
Health care was the only sector unable to participate in the day's gains. The sector settled 0.4% lower amid ongoing health care reform efforts, including a public option, which New York Times reported is being weighed by the White House. Separate articles suggested nonprofit cooperatives could be proposed as a compromise. Both types of plans have already been part of the contentious debate regarding plans to provide affordable health care to Americans.
There weren't any widely-held companies out with their latest earnings results this morning, so corporate headlines were dominated by news that Cadbury PLC (CBY 51.88, +14.42) refused a $16.7 billion merger offer from Dow component Kraft (KFT 26.45, -1.65). Investors responded by handing shares of CBY one of their best single-session percentage advances on record, while sending KFT markedly lower.
Nasdaq +18.99 at 2037.77... S&P Midcap 400 +1.3... NYSE Adv/Dec 2280/746... Nasdaq Adv/Dec 1606/1017.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
9/3
Shanda Interactive SNDA 9/03 8am
Ulta Salon ULTA 9/03 4pm
9/8
Casey's Stores CASY 9/08 4pm
9/9
Talbots TLB 9/09 8am
NCI Building Systems NCS 9/09 4pm
9/10
lululemon LULU 9/10 8am
National Semiconductor NSM 9/10 4pm
9/11
Campbell Soup CPB 9/11 8am
9/15
Best Buy BBY 9/15 8am
Adobe Systems ADBE 9/15 4pm
9/17
Pier 1 Imports PIR 9/17 8am
FedEx FDX 9/17 8am
Palm PALM 9/17 4pm
9/23
AutoZone AZO 9/23 8am
Bed Bath & Beyond BBBY 9/23 8am
Red Hat RHT 9/23 4pm
9/24
Rite Aid RAD 9/24 8am
Research in Motion RIMM 9/24 8am
Reuters News:
Wednesday, August 26, 2009
Market update 08/25/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
August 25, 2009 -- 16:30 ET
Moving the Market:
Overall news flow is slow. S&P/Case-Shiller Home Price Index for June shows further declines, but not as much as expected. August Consumer Confidence Index improves more than expected. Fed Chair Bernanke receives nomination to second term.
Sector Watch:
Strong:
consumer electronics; homebuilding; airlines; life and health insurers; automakers; regional banks; diversified banks; gold
Weak:
food distributors; specialty stores
Market Events
08/25/09 16:30 ET Dow +30.01 at 9539.29, Nasdaq +6.25 at 2024.23, S&P +5.43 at 1028.00:
[BRIEFING.COM] Stocks spiked to a gain of more than 1% following a better-than-expected consumer confidence reading, but the major indices quickly faltered to settle the session with modest gains. Though that made for an unimpressive finish, the gain helped stocks register a new closing high for 2009.
The major indices hit session high in the moments following the Consumer Confidence Index for August, which came in at 54.1. That was above the 47.9 that was widely expected and marked an improvement from the upwardly revised July reading of 47.4. However, market participants should remember that consumer confidence is not highly correlated with actual spending.
Despite that consideration, retailers showed steady strength through the entire session. They finished 1.8% higher, led by Big Lots (BIG 25.60, +1.57). The discount retailer reported better-than-expected earnings. Chico's FAS (CHS 12.79, +0.90) also provided support with its own positive earnings surprise. The strength behind retailers helped the consumer discretionary sector finish 1.2% higher, the best of the major sectors in the S&P 500.
In other earnings news, Medtronic (MDT37.86, -0.14) spent the entire session chopping along in negative territory despite posting in-line quarterly earnings. That detracted from the tech sector, which finished just 0.1% higher.
Financial stocks were a primary source of support to the broader market, though. They led gains for virtually the entire session before settling with a 1.1% gain. Bank stocks and shares of insurers underpinned the sector's strength.
Separately, Ben Bernanke has been nominated to a second term as Chairman of the Federal Reserve. His nomination comes as the U.S. economy continues to contend with considerable macro headwinds.
Nasdaq +6.25 at 2024.23... S&P Midcap 400 +0.5... NYSE Adv/Dec 1830/1185... Nasdaq Adv/Dec 1458/1244.
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Weekly & Daily Stock Earnings Calendar:
8/26
TIVO TIVO 8/26 4pm
8/27
American Eagle AEO 8/27 8am
China Sunergy CSUN 8/27 8am
Energy Conversion Devices ENER 8/27 8am
Toll Brothers TOL 8/27 8am
Marvell Technology MRVL 8/27 4pm
8/28
Tiffany & Company TIF 8/28 8am
8/31
Take Two TTWO 8/31 8am
9/01
China Medical CMED 9/01 8am
Edap EDAP 9/01 8am
9/02
Joy Global JOYG 9/02 8am
Zale Corp ZLC 9/02 8am
Hovnanian HOV 9/02 4pm
9/03
Ciena CIEN 9/03 8am
CNBC:
Reuters News:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
August 25, 2009 -- 16:30 ET
Moving the Market:
Overall news flow is slow. S&P/Case-Shiller Home Price Index for June shows further declines, but not as much as expected. August Consumer Confidence Index improves more than expected. Fed Chair Bernanke receives nomination to second term.
Sector Watch:
Strong:
consumer electronics; homebuilding; airlines; life and health insurers; automakers; regional banks; diversified banks; gold
Weak:
food distributors; specialty stores
Market Events
08/25/09 16:30 ET Dow +30.01 at 9539.29, Nasdaq +6.25 at 2024.23, S&P +5.43 at 1028.00:
[BRIEFING.COM] Stocks spiked to a gain of more than 1% following a better-than-expected consumer confidence reading, but the major indices quickly faltered to settle the session with modest gains. Though that made for an unimpressive finish, the gain helped stocks register a new closing high for 2009.
The major indices hit session high in the moments following the Consumer Confidence Index for August, which came in at 54.1. That was above the 47.9 that was widely expected and marked an improvement from the upwardly revised July reading of 47.4. However, market participants should remember that consumer confidence is not highly correlated with actual spending.
Despite that consideration, retailers showed steady strength through the entire session. They finished 1.8% higher, led by Big Lots (BIG 25.60, +1.57). The discount retailer reported better-than-expected earnings. Chico's FAS (CHS 12.79, +0.90) also provided support with its own positive earnings surprise. The strength behind retailers helped the consumer discretionary sector finish 1.2% higher, the best of the major sectors in the S&P 500.
In other earnings news, Medtronic (MDT37.86, -0.14) spent the entire session chopping along in negative territory despite posting in-line quarterly earnings. That detracted from the tech sector, which finished just 0.1% higher.
Financial stocks were a primary source of support to the broader market, though. They led gains for virtually the entire session before settling with a 1.1% gain. Bank stocks and shares of insurers underpinned the sector's strength.
Separately, Ben Bernanke has been nominated to a second term as Chairman of the Federal Reserve. His nomination comes as the U.S. economy continues to contend with considerable macro headwinds.
Nasdaq +6.25 at 2024.23... S&P Midcap 400 +0.5... NYSE Adv/Dec 1830/1185... Nasdaq Adv/Dec 1458/1244.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
8/26
TIVO TIVO 8/26 4pm
8/27
American Eagle AEO 8/27 8am
China Sunergy CSUN 8/27 8am
Energy Conversion Devices ENER 8/27 8am
Toll Brothers TOL 8/27 8am
Marvell Technology MRVL 8/27 4pm
8/28
Tiffany & Company TIF 8/28 8am
8/31
Take Two TTWO 8/31 8am
9/01
China Medical CMED 9/01 8am
Edap EDAP 9/01 8am
9/02
Joy Global JOYG 9/02 8am
Zale Corp ZLC 9/02 8am
Hovnanian HOV 9/02 4pm
9/03
Ciena CIEN 9/03 8am
CNBC:
Reuters News:
Wednesday, August 19, 2009
Market update 08/19/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
August 19, 2009 -- 16:20 ET
Moving the Market:
Renewed pressure overseas sends stocks lower in early trade, but broad-based buying lifts stocks midsession. Hewlett-Packard and Deere top earnings estimates.
Sector Watch:
Strong:
broadcasting; oil and gas drillers; diversified metals and miners; oil and gas explorers; general merchandisers; integrated oil and gas companies; cable and satellite.
Weak:
airlines; home entertainment software; retail REITs
Market Events
08/09/09 16:20 ET Dow +61.22 at 9279.16, Nasdaq +13.32 at 1969.24, S&P +6.79 at 996.46:
[BRIEFING.COM] Stocks started the session in the red as participants reacted negatively to further selling pressure overseas, but a jump in oil prices helped the energy sector lead a turnaround that took the broader market to a solid gain above near-term resistance levels. Participation remains unimpressive, though.
The dour mood among global participants left investors unimpressed with better-than-expected earnings from Deere (DE 43.73, -1.36) and Dow component Hewlett-Packard (HPQ 43.83, -0.13) and, instead, focused on Deere's pessimistic outlook and Hewlett-Packard's reaffirmed guidance. While shares of HPQ pared losses, DE spent the entire session markedly lower, which weighed on the industrial sector and left it to finish fractionally lower.
Financials also finished fractionally lower and made up the only other major sector to settle in negative ground.
Comments from renowned investor Warren Buffett in a New York Times article offered a reminder that the U.S. economy is on a slow path to recovery. With that in mind, the mood on trading floors started to change as chatter began to circulate that a second fiscal stimulus plan could be possible, but that was downplayed when a White House spokesman said in a Bloomberg.com article that there is no imminent economic announcement.
However, market participants jumped into the energy sector following news that weekly oil inventories showed a draw of roughly 8.40 million barrels in the face of calls for an inventory build. Oil prices had been down in early pit trade, but settled 4.7% higher at $72.42 per barrel. Energy stocks were able to recover from a loss of roughly 1% to finish with a 1.9% gain, better than any other major sector.
The run up in oil prices helped provide leadership to other commodities, which gave the CRB Commodity Index 1.5% gain -- its best performance in two weeks.
The improved tone among participants helped stocks build on the previous session's gain. In turn, stocks are down less than 1% week-to-date after Monday's 2.4% drop, which marked the stock market's worst single -session percentage loss in six weeks. The back-to-back gains have also taken stocks above near-term resistance levels, which stood just above 990.
Trading volume was exceptionally low again, however. For the second straight session fewer than 1 billion shares exchanged hands on the NYSE, suggesting that there hasn't been much conviction behind the recent moves.
Nasdaq +13.32 at 1969.24... S&P Midcap 400 +0.7... NYSE Adv/Dec 1848/1141... Nasdaq Adv/Dec 1683/928.
If you find these videos or info to be helpful please Tip or donate - <<<<>>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
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Weekly & Daily Stock Earnings Calendar:
8/18
Home Depot HD 8/18 8am
Solarfun Power SOLF 8/18 8am
Target TGT 8/18 8am
Hewlett Packard HPQ 8/18 4pm
8/19
Deere DE 8/19 8am
Yingli Green Energy YGE 8/19 8am
8/20
Sears Holdings SHLD 8/20 8am
Gap GPS 8/20 4pm
8/26
TIVO TIVO 8/26 4pm
CNBC:
Reuters News:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
August 19, 2009 -- 16:20 ET
Moving the Market:
Renewed pressure overseas sends stocks lower in early trade, but broad-based buying lifts stocks midsession. Hewlett-Packard and Deere top earnings estimates.
Sector Watch:
Strong:
broadcasting; oil and gas drillers; diversified metals and miners; oil and gas explorers; general merchandisers; integrated oil and gas companies; cable and satellite.
Weak:
airlines; home entertainment software; retail REITs
Market Events
08/09/09 16:20 ET Dow +61.22 at 9279.16, Nasdaq +13.32 at 1969.24, S&P +6.79 at 996.46:
[BRIEFING.COM] Stocks started the session in the red as participants reacted negatively to further selling pressure overseas, but a jump in oil prices helped the energy sector lead a turnaround that took the broader market to a solid gain above near-term resistance levels. Participation remains unimpressive, though.
The dour mood among global participants left investors unimpressed with better-than-expected earnings from Deere (DE 43.73, -1.36) and Dow component Hewlett-Packard (HPQ 43.83, -0.13) and, instead, focused on Deere's pessimistic outlook and Hewlett-Packard's reaffirmed guidance. While shares of HPQ pared losses, DE spent the entire session markedly lower, which weighed on the industrial sector and left it to finish fractionally lower.
Financials also finished fractionally lower and made up the only other major sector to settle in negative ground.
Comments from renowned investor Warren Buffett in a New York Times article offered a reminder that the U.S. economy is on a slow path to recovery. With that in mind, the mood on trading floors started to change as chatter began to circulate that a second fiscal stimulus plan could be possible, but that was downplayed when a White House spokesman said in a Bloomberg.com article that there is no imminent economic announcement.
However, market participants jumped into the energy sector following news that weekly oil inventories showed a draw of roughly 8.40 million barrels in the face of calls for an inventory build. Oil prices had been down in early pit trade, but settled 4.7% higher at $72.42 per barrel. Energy stocks were able to recover from a loss of roughly 1% to finish with a 1.9% gain, better than any other major sector.
The run up in oil prices helped provide leadership to other commodities, which gave the CRB Commodity Index 1.5% gain -- its best performance in two weeks.
The improved tone among participants helped stocks build on the previous session's gain. In turn, stocks are down less than 1% week-to-date after Monday's 2.4% drop, which marked the stock market's worst single -session percentage loss in six weeks. The back-to-back gains have also taken stocks above near-term resistance levels, which stood just above 990.
Trading volume was exceptionally low again, however. For the second straight session fewer than 1 billion shares exchanged hands on the NYSE, suggesting that there hasn't been much conviction behind the recent moves.
Nasdaq +13.32 at 1969.24... S&P Midcap 400 +0.7... NYSE Adv/Dec 1848/1141... Nasdaq Adv/Dec 1683/928.
If you find these videos or info to be helpful please Tip or donate - <<<<>>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
8/18
Home Depot HD 8/18 8am
Solarfun Power SOLF 8/18 8am
Target TGT 8/18 8am
Hewlett Packard HPQ 8/18 4pm
8/19
Deere DE 8/19 8am
Yingli Green Energy YGE 8/19 8am
8/20
Sears Holdings SHLD 8/20 8am
Gap GPS 8/20 4pm
8/26
TIVO TIVO 8/26 4pm
CNBC:
Reuters News:
Market update 08/18/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
Market Events
08/18/09 16:30 ET Dow +82.60 at 9217.94, Nasdaq +25.08 at 1955.92, S&P +9.94 at 989.67:
[BRIEFING.COM] Stocks made a broad-based rebound from the previous session's sharp decline, but there wasn't much conviction behind the advance since trading volume was exceptionally low. What's more, stocks struggled to break above near-term resistance levels.
The major indices got off to a solid start as many buyers looked to capitalize on lower prices following the previous session's loss, which was the worst in six weeks for the S&P 500. That favored financial stocks, which suffered the worst losses in the previous session by dropping more than 4%. Financials led gains by climbing 1.9% this session.
Other buyers were enticed by better-than-expected earnings and an increased outlook from Dow component Home Depot (HD 26.93, +0.82). Target (TGT 44.32, +3.11) also supported a positive bias by unveiling upbeat results, which drove the stock to its best single-session percentage gain since April and led retailers to a 1.8% gain.
Interest among buyers helped stocks shake off news that housing starts and building permits for July came in at a slower-than-expected annualized rate of 581,000 and 560,000, respectively. Though the July figures were above second quarter averages, they seemed to suggest expectations for the economy have become somewhat overextended.
Meanwhile, overall producer prices for July declined 0.9%, which was more than what had been expected. Core prices made a surprise 0.1% decline, which suggests that inflationary pressures remain restricted.
Stocks were able to finish just a few points shy of session highs. Gains were broad with nine of the 10 major sectors closing in positive territory. Health care (-0.1%) logged the only loss after outperforming in the previous session.
Despite the seemingly strong performance, the S&P 500 struggled to sustain any move above the 990 mark, which marks a near-term point of resistance. Instead, the broad-market index spent the entire afternoon dancing along the line.
Trading volume was exceptionally low this session as fewer than 1 billion shares traded hands on the NYSE. That's well below the approximate 1.5 billion shares that have been averaged during the past 200 sessions and the 1.2 billion shares that have been averaged during the past 50 sessions. The lack of participation this session suggests there wasn't much behind Tuesday's advance.
Nasdaq +25.08 at 1955.92... S&P Midcap 400 +1.3... NYSE Adv/Dec 2415/610... Nasdaq Adv/Dec 1949/714.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
8/13
Blockbuster BBI 8/13 4pm
Cardica CRDC 8/13 4pm
8/14
Abercrombie & Fitich ANF 8/14 8am
8/17
Trina Solar TSL 8/17 4pm
8/18
Home Depot HD 8/18 8am
Solarfun Power SOLF 8/18 8am
Target TGT 8/18 8am
Hewlett Packard HPQ 8/18 4pm
8/19
Deere DE 8/19 8am
Yingli Green Energy YGE 8/19 8am
Reuters News:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
Market Events
08/18/09 16:30 ET Dow +82.60 at 9217.94, Nasdaq +25.08 at 1955.92, S&P +9.94 at 989.67:
[BRIEFING.COM] Stocks made a broad-based rebound from the previous session's sharp decline, but there wasn't much conviction behind the advance since trading volume was exceptionally low. What's more, stocks struggled to break above near-term resistance levels.
The major indices got off to a solid start as many buyers looked to capitalize on lower prices following the previous session's loss, which was the worst in six weeks for the S&P 500. That favored financial stocks, which suffered the worst losses in the previous session by dropping more than 4%. Financials led gains by climbing 1.9% this session.
Other buyers were enticed by better-than-expected earnings and an increased outlook from Dow component Home Depot (HD 26.93, +0.82). Target (TGT 44.32, +3.11) also supported a positive bias by unveiling upbeat results, which drove the stock to its best single-session percentage gain since April and led retailers to a 1.8% gain.
Interest among buyers helped stocks shake off news that housing starts and building permits for July came in at a slower-than-expected annualized rate of 581,000 and 560,000, respectively. Though the July figures were above second quarter averages, they seemed to suggest expectations for the economy have become somewhat overextended.
Meanwhile, overall producer prices for July declined 0.9%, which was more than what had been expected. Core prices made a surprise 0.1% decline, which suggests that inflationary pressures remain restricted.
Stocks were able to finish just a few points shy of session highs. Gains were broad with nine of the 10 major sectors closing in positive territory. Health care (-0.1%) logged the only loss after outperforming in the previous session.
Despite the seemingly strong performance, the S&P 500 struggled to sustain any move above the 990 mark, which marks a near-term point of resistance. Instead, the broad-market index spent the entire afternoon dancing along the line.
Trading volume was exceptionally low this session as fewer than 1 billion shares traded hands on the NYSE. That's well below the approximate 1.5 billion shares that have been averaged during the past 200 sessions and the 1.2 billion shares that have been averaged during the past 50 sessions. The lack of participation this session suggests there wasn't much behind Tuesday's advance.
Nasdaq +25.08 at 1955.92... S&P Midcap 400 +1.3... NYSE Adv/Dec 2415/610... Nasdaq Adv/Dec 1949/714.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
8/13
Blockbuster BBI 8/13 4pm
Cardica CRDC 8/13 4pm
8/14
Abercrombie & Fitich ANF 8/14 8am
8/17
Trina Solar TSL 8/17 4pm
8/18
Home Depot HD 8/18 8am
Solarfun Power SOLF 8/18 8am
Target TGT 8/18 8am
Hewlett Packard HPQ 8/18 4pm
8/19
Deere DE 8/19 8am
Yingli Green Energy YGE 8/19 8am
Reuters News:
Monday, August 17, 2009
SPY QQQQ DIA GLD OIL AAPL update 08/17/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video and/or info on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
Needed some time off, but now I'm back!
August 17, 2009 -- 16:25 ET
Moving the Market:
Global indices weighed down by disappointment following smaller-than-expected growth from Japan's economy. NY Manufacturing Index shows first positive reading since April 2008 and strongest reading since November 2007. Fed and Treasury extend TALF.
Sector Watch:
Strong:
managed health care; health care tech
Weak:
Home improvement retailers; automakers; aluminum; diversified metals and miners; broadcasting; steel; multisector holdings; coal and consumable fuel; industrial REITs
Market Events
08/17/09 16:25 ET Dow -186.06 at 9135.34, Nasdaq -54.68 at 1930.84, S&P -24.36 at 979.73:
[BRIEFING.COM] Profit taking in the wake of slower-than-expected economic growth in Japan triggered a global sell-off that sent stocks below their recent trading ranges and handed the major U.S. indices their worst single-session percentage loss in six weeks.
With stocks looking overextended in the near term, overseas participants moved against stocks upon learning that Japan's economy expanded at a slower-than-expected rate of 0.9% in the second quarter. In turn, Japan's Nikkei shed 3.1%, while several other major Asian averages also finished with losses exceeding 3%. Stocks in Europe followed suit, but their decline wasn't quite as sharp. Overall weakness among the major global indices sent the Dow Jones World Index to a 2.9% loss, which is its worst since April. The steep decline comes just one session after the global index registered a high for 2009.
Emboldened sellers pushed the S&P 500 to a considerably lower start, but that was the extent of the session's excitement -- the benchmark index spent the rest of the session trading sideways in an extremely narrow range. One interesting point, though, was that the stock market's pullback didn't bring out any buyers looking to buy the dip as has been the case in recent weeks. The absence of that support left the stock market to fall to its lowest level since July.
All 10 major sectors in the S&P 500 finished lower. Financials suffered the most by dropping 4.3%. Banks were sharply out of favor as diversified banks fell 5.1% and regional banks dropped 5.8%.
Consumer discretionary stocks (-3.2%) also suffered. Broader market weakness, along with an earnings miss and a disappointing forecast from Lowe's (LOW 20.47, -2.36) weighed on the group.
Health care stocks held up rather well, however. The sector actually spent most of the session in the green, but faltered into the close and settled with a fractional loss. Managed health care providers (+2.7%) underpinned the sector's relative strength, thanks to news that President Obama is willing to accept insurance cooperatives instead of a government-run insurance plan.
Even though health care is the third largest sector by market weight in the S&P 500, its relative strength wasn't enough for the broader market, which saw more than 90% of its holdings finish in the red.
The broader market was also unimpressed by news that the Empire State Manufacturing Index posted its first positive reading since April 2008 by coming in at a better-than-expected 12.08. It was also the best reading since November 2007.
Participants were also largely unsurprised by news that the Fed and Treasury opted to extend the Term Asset-backed Securities Lending Facility (TALF) in order to help keep credit and liquidity conditions greased. The announcement, along with broader market weakness, did bolster buying among Treasuries, though. That helped the benchmark 10-year Note climb a robust 28 ticks, which pushed its yield below 3.5% for the first time since July.
Nasdaq -54.68 at 1930.84... S&P Midcap 400 -2.8... NYSE Adv/Dec 336/2728... Nasdaq Adv/Dec 469/2184.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
8/13
Blockbuster BBI 8/13 4pm
Cardica CRDC 8/13 4pm
8/14
Abercrombie & Fitich ANF 8/14 8am
8/17
Trina Solar TSL 8/17 4pm
8/18
Home Depot HD 8/18 8am
Solarfun Power SOLF 8/18 8am
Target TGT 8/18 8am
Hewlett Packard HPQ 8/18 4pm
8/19
Deere DE 8/19 8am
Yingli Green Energy YGE 8/19 8am
CNBC:
Reuters News:
August 14, 2009 -- 16:20 ET
Moving the Market:
July CPI meets expectations. Industrial production increases for the first time this year in July -- the advance was slightly more than expected. Corporate announcements have generally been inconsequential thus far.
Sector Watch:
Strong:
health care facilities; home entertainment software; distillers and vintners
Weak:
building products; airlines; residential REITs; industrial REITs; office REITs; diversified metals and miners; fertilizer and agricultural chemicals; homebuilding
Market Events
08/14/09 16:20 ET Dow -76.79 at 9321.40, Nasdaq -23.83 at 1985.52, S&P -8.64 at 1004.09:
[BRIEFING.COM] A broad-based decline following the latest dose of data resulted in the S&P 500's first weekly decline in five weeks.
There was some modest buying into the close that helped the stock market break out of its narrow afternoon trading range, which spanned just five points, and close above 1000. Still, the extended sideways drift made for an extremely subdued session. Participants showed their lack of interest by trading just over 1 billion shares on the NYSE.
Stocks went on their slide immediately after the University of Michigan's preliminary consumer sentiment survey for August hit news wires just before 10:00 AM ET. The survey's reading retreated to its lowest level since March by coming in at 63.2, which was well below the 69.0 that was widely expected.
July CPI and core CPI were released ahead of the opening bell. They caused little reaction since they were spot on with expectations, which called for a flat reading and a 0.1% monthly increase, respectively.
Industrial production data for July was also released before the session's start. The data showed a slightly stronger-than-expected 0.5% increase, thanks to inventory rebuilding and the reopening of auto plants.
Though losses were broad-based, materials stocks caught the brunt of the selling effort. Their 2.7% loss was the worst of any major sector and it negated the previous session's 2.1% gain.
Retailers also had a weak session. They shed 1.7% following downside guidance from JC Penney (JCP 31.23, -2.11). The dour outlook overshadowed the company's better-than-expected second quarter earnings results. Nordstrom (JWN 27.88, -1.88) shared in the weakness, despite reporting in-line earnings and raising its outlook.
Defensive-oriented stocks outperformed on a relative basis. Health care and telecom both fell just 0.3%, while consumer staples stocks slipped 0.1% and utilities finished just below the unchanged mark.
Financials helped the broader market pare its losses into the close. The financial sector had been down more than 2% at its session low, but finished with a much more modest 0.5% loss. Regional banks (+1.6%) and diversified financial services firms (+0.4%) provided the sector with support.
Despite paring losses in late trade, more than 85% of the components in the S&P 500 finished in the red Friday. That underpinned the stock market's first weekly decline in five weeks, even if it was a relatively tame 0.6%.
Nasdaq -23.83 at 1985.52... S&P Midcap 400 -1.4... NYSE Adv/Dec 859/2159... Nasdaq Adv/Dec 585/2084.
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
Needed some time off, but now I'm back!
August 17, 2009 -- 16:25 ET
Moving the Market:
Global indices weighed down by disappointment following smaller-than-expected growth from Japan's economy. NY Manufacturing Index shows first positive reading since April 2008 and strongest reading since November 2007. Fed and Treasury extend TALF.
Sector Watch:
Strong:
managed health care; health care tech
Weak:
Home improvement retailers; automakers; aluminum; diversified metals and miners; broadcasting; steel; multisector holdings; coal and consumable fuel; industrial REITs
Market Events
08/17/09 16:25 ET Dow -186.06 at 9135.34, Nasdaq -54.68 at 1930.84, S&P -24.36 at 979.73:
[BRIEFING.COM] Profit taking in the wake of slower-than-expected economic growth in Japan triggered a global sell-off that sent stocks below their recent trading ranges and handed the major U.S. indices their worst single-session percentage loss in six weeks.
With stocks looking overextended in the near term, overseas participants moved against stocks upon learning that Japan's economy expanded at a slower-than-expected rate of 0.9% in the second quarter. In turn, Japan's Nikkei shed 3.1%, while several other major Asian averages also finished with losses exceeding 3%. Stocks in Europe followed suit, but their decline wasn't quite as sharp. Overall weakness among the major global indices sent the Dow Jones World Index to a 2.9% loss, which is its worst since April. The steep decline comes just one session after the global index registered a high for 2009.
Emboldened sellers pushed the S&P 500 to a considerably lower start, but that was the extent of the session's excitement -- the benchmark index spent the rest of the session trading sideways in an extremely narrow range. One interesting point, though, was that the stock market's pullback didn't bring out any buyers looking to buy the dip as has been the case in recent weeks. The absence of that support left the stock market to fall to its lowest level since July.
All 10 major sectors in the S&P 500 finished lower. Financials suffered the most by dropping 4.3%. Banks were sharply out of favor as diversified banks fell 5.1% and regional banks dropped 5.8%.
Consumer discretionary stocks (-3.2%) also suffered. Broader market weakness, along with an earnings miss and a disappointing forecast from Lowe's (LOW 20.47, -2.36) weighed on the group.
Health care stocks held up rather well, however. The sector actually spent most of the session in the green, but faltered into the close and settled with a fractional loss. Managed health care providers (+2.7%) underpinned the sector's relative strength, thanks to news that President Obama is willing to accept insurance cooperatives instead of a government-run insurance plan.
Even though health care is the third largest sector by market weight in the S&P 500, its relative strength wasn't enough for the broader market, which saw more than 90% of its holdings finish in the red.
The broader market was also unimpressed by news that the Empire State Manufacturing Index posted its first positive reading since April 2008 by coming in at a better-than-expected 12.08. It was also the best reading since November 2007.
Participants were also largely unsurprised by news that the Fed and Treasury opted to extend the Term Asset-backed Securities Lending Facility (TALF) in order to help keep credit and liquidity conditions greased. The announcement, along with broader market weakness, did bolster buying among Treasuries, though. That helped the benchmark 10-year Note climb a robust 28 ticks, which pushed its yield below 3.5% for the first time since July.
Nasdaq -54.68 at 1930.84... S&P Midcap 400 -2.8... NYSE Adv/Dec 336/2728... Nasdaq Adv/Dec 469/2184.
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Weekly & Daily Stock Earnings Calendar:
8/13
Blockbuster BBI 8/13 4pm
Cardica CRDC 8/13 4pm
8/14
Abercrombie & Fitich ANF 8/14 8am
8/17
Trina Solar TSL 8/17 4pm
8/18
Home Depot HD 8/18 8am
Solarfun Power SOLF 8/18 8am
Target TGT 8/18 8am
Hewlett Packard HPQ 8/18 4pm
8/19
Deere DE 8/19 8am
Yingli Green Energy YGE 8/19 8am
CNBC:
Reuters News:
August 14, 2009 -- 16:20 ET
Moving the Market:
July CPI meets expectations. Industrial production increases for the first time this year in July -- the advance was slightly more than expected. Corporate announcements have generally been inconsequential thus far.
Sector Watch:
Strong:
health care facilities; home entertainment software; distillers and vintners
Weak:
building products; airlines; residential REITs; industrial REITs; office REITs; diversified metals and miners; fertilizer and agricultural chemicals; homebuilding
Market Events
08/14/09 16:20 ET Dow -76.79 at 9321.40, Nasdaq -23.83 at 1985.52, S&P -8.64 at 1004.09:
[BRIEFING.COM] A broad-based decline following the latest dose of data resulted in the S&P 500's first weekly decline in five weeks.
There was some modest buying into the close that helped the stock market break out of its narrow afternoon trading range, which spanned just five points, and close above 1000. Still, the extended sideways drift made for an extremely subdued session. Participants showed their lack of interest by trading just over 1 billion shares on the NYSE.
Stocks went on their slide immediately after the University of Michigan's preliminary consumer sentiment survey for August hit news wires just before 10:00 AM ET. The survey's reading retreated to its lowest level since March by coming in at 63.2, which was well below the 69.0 that was widely expected.
July CPI and core CPI were released ahead of the opening bell. They caused little reaction since they were spot on with expectations, which called for a flat reading and a 0.1% monthly increase, respectively.
Industrial production data for July was also released before the session's start. The data showed a slightly stronger-than-expected 0.5% increase, thanks to inventory rebuilding and the reopening of auto plants.
Though losses were broad-based, materials stocks caught the brunt of the selling effort. Their 2.7% loss was the worst of any major sector and it negated the previous session's 2.1% gain.
Retailers also had a weak session. They shed 1.7% following downside guidance from JC Penney (JCP 31.23, -2.11). The dour outlook overshadowed the company's better-than-expected second quarter earnings results. Nordstrom (JWN 27.88, -1.88) shared in the weakness, despite reporting in-line earnings and raising its outlook.
Defensive-oriented stocks outperformed on a relative basis. Health care and telecom both fell just 0.3%, while consumer staples stocks slipped 0.1% and utilities finished just below the unchanged mark.
Financials helped the broader market pare its losses into the close. The financial sector had been down more than 2% at its session low, but finished with a much more modest 0.5% loss. Regional banks (+1.6%) and diversified financial services firms (+0.4%) provided the sector with support.
Despite paring losses in late trade, more than 85% of the components in the S&P 500 finished in the red Friday. That underpinned the stock market's first weekly decline in five weeks, even if it was a relatively tame 0.6%.
Nasdaq -23.83 at 1985.52... S&P Midcap 400 -1.4... NYSE Adv/Dec 859/2159... Nasdaq Adv/Dec 585/2084.
Thursday, August 13, 2009
Market update 08/13/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
Needed some time off from the Blog, but now I'm back!
August 13, 2009 -- 16:20 ET Dow +36.58 at 9398.19, Nasdaq +10.63 at 2009.35, S&P +6.92 at 1012.75:
Moving the Market:
Wal-Mart beats Street expectations, issues in-line guidance. July advance retail sales disappoint, while import prices slide more than expected in July, and weekly jobless claims climb more than expected, but continuing claims make surprise drop. Business inventories for June retreat more than expected. Auction of 30-year Treasuries shows strong results.
Sector Watch:
Strong:
diversified financial services; diversified metals and mining; gold; advertising; health care tech; oil and gas drillers; regional banks; steel.
Weak:
auto retailers; broadcasting; consumer electronics; publishing and printing; home furnishing; internet retailershotels; trucking.
Market Events:
08/13/09 16:20 ET Dow +36.58 at 9398.19, Nasdaq +10.63 at 2009.35, S&P +6.92 at 1012.75:
[BRIEFING.COM] Unexpected economic growth out of Germany and France helped set a positive tone this morning, but a generally disappointing batch of U.S. economic data undermined the bias, leaving stocks to trade with modest gains for most of the session.
News that the German and French economies both exceeded expectations by posting second quarter growth of 0.3% brought about broad-based buying overseas and propped up U.S. stocks ahead of the opening bell. However, the positive bias was dialed down following news that the latest round of initial jobless claims were greater than expected at 558,000. That hiked the 4-week moving average up to 565,000 from 556,500. Meanwhile, continuing claims made a larger-than-expected retreat to 6.20 million, but the drop is most likely from unemployed workers losing their benefits.
Total retail sales for July made an unexpected 0.1% decline and sales less autos fell a sharper-than-expected 0.6%. That, combined with elevated jobless claims totals, pressured shares of retailers. However, Wal-Mart's (WMT 51.88, +1.37) better-than-expected earnings and outlook provided support to the group and helped it finish 0.3% higher.
With consumers still hesitant to open purse strings, demand for imports remains soft. With that, July import prices fell for their first time since January by declining a steeper-than-expected 0.7% month-over-month. Despite the persistently weak state of things, stocks were able to close near their best levels of the session.
Materials stocks made the best gains, helping the sector advance 2.1%. Steel (+3.0%) and diversified metals and miners players (+4.8%) were underpinned the sector's strength.
Financials were key in the broader market's strong close. The sector tacked on 2.0% amid buying in Bank of America (BAC 17.00, +1.07), which benefited from news that insiders are accumulating positions in the stock and that Paulson & Co. disclosed new positions in the stock. Shares of BAC were among the most active by trading volume this session, though trading volume in the broader market was exceptionally low with fewer than 1 billion shares trading hands on the NYSE.
Defensive-oriented sectors trailed for the entire session. Telecom and utilities both settled 0.2% lower, while health care advanced just 0.1%. Collective weakness among defensive issues actually dragged the broader market into the red in the early going, but buyers quickly stepped in to provide support.
Treasuries made strong gains following a $15 billion auction of 30-year Treasury Bonds. The auction produced a high yield of 4.54% and a bid-to-cover ratio of 2.54, which was above the average of 2.32 for the previous five auctions for 2009. That encouraged enough buying to send the benchmark 10-year Note up nearly one full point and the Note's yield back below 3.6%.
Nasdaq +10.63 at 2009.35... S&P Midcap 400 +0.8... NYSE Adv/Dec 1999/1043... Nasdaq Adv/Dec 1495/1209.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
8/13
Blockbuster BBI 8/13 4pm
Cardica CRDC 8/13 4pm
8/14
Abercrombie & Fitich ANF 8/14 8am
8/17
Trina Solar TSL 8/17 4pm
8/18
Home Depot HD 8/18 8am
Solarfun Power SOLF 8/18 8am
Target TGT 8/18 8am
Hewlett Packard HPQ 8/18 4pm
8/19
Deere DE 8/19 8am
Yingli Green Energy YGE 8/19 8am
Reuters News:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
Needed some time off from the Blog, but now I'm back!
August 13, 2009 -- 16:20 ET Dow +36.58 at 9398.19, Nasdaq +10.63 at 2009.35, S&P +6.92 at 1012.75:
Moving the Market:
Wal-Mart beats Street expectations, issues in-line guidance. July advance retail sales disappoint, while import prices slide more than expected in July, and weekly jobless claims climb more than expected, but continuing claims make surprise drop. Business inventories for June retreat more than expected. Auction of 30-year Treasuries shows strong results.
Sector Watch:
Strong:
diversified financial services; diversified metals and mining; gold; advertising; health care tech; oil and gas drillers; regional banks; steel.
Weak:
auto retailers; broadcasting; consumer electronics; publishing and printing; home furnishing; internet retailershotels; trucking.
Market Events:
08/13/09 16:20 ET Dow +36.58 at 9398.19, Nasdaq +10.63 at 2009.35, S&P +6.92 at 1012.75:
[BRIEFING.COM] Unexpected economic growth out of Germany and France helped set a positive tone this morning, but a generally disappointing batch of U.S. economic data undermined the bias, leaving stocks to trade with modest gains for most of the session.
News that the German and French economies both exceeded expectations by posting second quarter growth of 0.3% brought about broad-based buying overseas and propped up U.S. stocks ahead of the opening bell. However, the positive bias was dialed down following news that the latest round of initial jobless claims were greater than expected at 558,000. That hiked the 4-week moving average up to 565,000 from 556,500. Meanwhile, continuing claims made a larger-than-expected retreat to 6.20 million, but the drop is most likely from unemployed workers losing their benefits.
Total retail sales for July made an unexpected 0.1% decline and sales less autos fell a sharper-than-expected 0.6%. That, combined with elevated jobless claims totals, pressured shares of retailers. However, Wal-Mart's (WMT 51.88, +1.37) better-than-expected earnings and outlook provided support to the group and helped it finish 0.3% higher.
With consumers still hesitant to open purse strings, demand for imports remains soft. With that, July import prices fell for their first time since January by declining a steeper-than-expected 0.7% month-over-month. Despite the persistently weak state of things, stocks were able to close near their best levels of the session.
Materials stocks made the best gains, helping the sector advance 2.1%. Steel (+3.0%) and diversified metals and miners players (+4.8%) were underpinned the sector's strength.
Financials were key in the broader market's strong close. The sector tacked on 2.0% amid buying in Bank of America (BAC 17.00, +1.07), which benefited from news that insiders are accumulating positions in the stock and that Paulson & Co. disclosed new positions in the stock. Shares of BAC were among the most active by trading volume this session, though trading volume in the broader market was exceptionally low with fewer than 1 billion shares trading hands on the NYSE.
Defensive-oriented sectors trailed for the entire session. Telecom and utilities both settled 0.2% lower, while health care advanced just 0.1%. Collective weakness among defensive issues actually dragged the broader market into the red in the early going, but buyers quickly stepped in to provide support.
Treasuries made strong gains following a $15 billion auction of 30-year Treasury Bonds. The auction produced a high yield of 4.54% and a bid-to-cover ratio of 2.54, which was above the average of 2.32 for the previous five auctions for 2009. That encouraged enough buying to send the benchmark 10-year Note up nearly one full point and the Note's yield back below 3.6%.
Nasdaq +10.63 at 2009.35... S&P Midcap 400 +0.8... NYSE Adv/Dec 1999/1043... Nasdaq Adv/Dec 1495/1209.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
8/13
Blockbuster BBI 8/13 4pm
Cardica CRDC 8/13 4pm
8/14
Abercrombie & Fitich ANF 8/14 8am
8/17
Trina Solar TSL 8/17 4pm
8/18
Home Depot HD 8/18 8am
Solarfun Power SOLF 8/18 8am
Target TGT 8/18 8am
Hewlett Packard HPQ 8/18 4pm
8/19
Deere DE 8/19 8am
Yingli Green Energy YGE 8/19 8am
Reuters News:
Wednesday, August 5, 2009
Market update Wed. 08/05/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
August 05, 2009 -- 16:15 ET Dow -39.22 at 9280.97, Nasdaq -18.26 at 1993.05, S&P -2.93 at 1002.75:
Moving the Market:
Financials continue to garner support. ADP Employment Change Report for July shows job losses exceed expectations. ISM Services Index for July falls short of consensus, but factory orders for June make surprise increase. Dow components Procter & Gamble and Kraft top earnings expectations but issue in-line guidance.
Sector Watch:
Strong:
multiline insurers; residential REITs; diversified banks; office REITs; diversified financial services; airlines; consumer finance; diversified REITs
Weak:
photo products; electronic manufacturing services; human resources and employment services; casinos and gaming; electronic components and equipment; distillers and vintners; managed health care; oil and gas equipment
Market Events:
08/05/09 16:15 ET Dow -39.22 at 9280.97, Nasdaq -18.26 at 1993.05, S&P -2.93 at 1002.75:
[BRIEFING.COM] Despite continued strength among financial issues, the major equity averages surrendered
some of their recent gains in the wake of a generally unimpressive batch of economic data.
Financials outperformed the broader market with relative ease for the second straight session. They jumped out to an early gain and were able to remain in positive ground for virtually the entire session before closing with a 3.3% gain. Financials are now up more than 8% this week.
Better-than-expected earnings from Marsh & McLennan (MMC 22.62, +1.12) gave insurers a lift and helped drive short-covering in left-for-dead names like AIG (AIG 22.00, +8.48), but bank stocks provided some of the most support to the broader market. Regional banks advanced 2.9%, diversified banks climbed 5.4%, and diversified financial services stocks (+5.4%) like Bank of America (BAC 16.62, +0.98) and JPMorgan Chase (JPM 41.78, +1.57) bounded.
Materials stocks also garnered support and finished 0.8% higher after spending the middle half of the session in the red. Besides financials, it was the only other sector in the S&P 500 to make a gain. The sector benefited from a rebound in commodity prices, which saw oil prices rebound from a loss of more than 2% to close 0.8% higher at nearly $72 per barrel. Oil prices were initially pressured by a larger-than-expected weekly inventory build of 1.67 million barrels.
Steel stocks (+2.6%) also provided support to the materials sector after AK Steel (AKS 21.92, +0.98) said it would raise prices.
The rest of the stock market struggled for most of the session. Losses were broad-based and considerable as most of the major sectors in the S&P 500 traded at least 1% into the red. Their weakness wasn't necessarily caused by the day's economic data, but the data certainly didn't stir up any support for stocks either.
Released before the opening bell, the latest ADP Employment Report indicated that 371,000 jobs were slashed in July, but that was greater than the 350,000 job losses that had been forecast. Meanwhile, job losses for June were revised lower to reflect 463,000 job cuts. The figures come ahead of the government's nonfarm payrolls report, which is expected to show 328,000 job losses when it is released Friday.
The ADP data was followed by some modest selling pressure in premarket trading, but stocks still started the session flat. Selling pressure intensified ahead of the latest ISM Service Index and factory orders data.
The ISM Services Index for July unexpectedly slipped to 46.4 from 47.0 in June. It was expected to come in at 48.0. The disappointing reading caused participants to generally dismiss the third straight monthly increase in factory orders, which most recently turned 0.4% higher in June.
The broader market did attempt another upward push into the close, but this time the advance was rebuffed. Still, the S&P 500 held above the 1000 mark as its decliners outnumbered its advancing issues by 2-to-1 in relatively high volume. Declining issues outnumbered advancers by more than 2-to-1 in the Dow. Procter & Gamble (PG 53.91, -1.55) was a primary laggard among blue chips, even though the company bested the consensus earnings estimate for the latest quarter. Fellow Dow component Kraft (KFT 28.33, -0.01) also lagged, despite posting a positive earnings surprise.
Nasdaq -18.26 at 1993.05... S&P Midcap 400 -0.3... NYSE Adv/Dec 1388/1640... Nasdaq Adv/Dec 969/1701.
If you find these videos or info to be helpful please Tip or donate - <<<<>>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
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If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
Chevron CVX 7/31 8am
Dryships DRYS 7/31 8am
Chesapeake Energy CHK 8/03 4pm
UBS UBS 8/04 8am
Electronic Arts ERTS 8/04 4pm
Devon Energy DVN 8/05 8am
Cisco Systems CSCO 8/05 4pm
Sirius XM Radio SIRI 8/06 8am
August 04, 2009 -- 16:30 ET Dow +33.63 at 9320.19, Nasdaq +2.70 at 2011.31, S&P +3.02 at 1005.65:
Moving the Market:
Financials show considerable strength. Personal income for June falls more than expected, but spending makes a slightly stronger increase than expected. Pending home sales for June climb more than expected
Sector Watch:
Strong:
photo products; IT consulting and services; casinos and gaming; residential REITs; industrial REITs; building products; office REITs; construction materials; soft drinks
Weak:
homebuilding; electric utilities; agricultural products; forest products; oil and gas drillers; auto
retailers; publishing and printing
Market Events
08/04/09 16:30 ET Dow +33.63 at 9320.19, Nasdaq +2.70 at 2011.31, S&P +3.02 at 1005.65:
[BRIEFING.COM] A surprisingly strong increase in pending home sales and considerable strength in the financial sector struggled to prop up stocks and keep choppy trading at bay, but a late move by buyers made for a strong finish.
Stocks started the session in negative territory as participants were left largely unimpressed by the latest batch of earnings announcements, which didn't contain any real market movers. News that June personal income fell a larger-than-expected 1.3% and June spending made a generally in-line 0.4% increase also failed to stir action.
However, a much better-than-expected monthly increase of 3.6% for June bounced stocks off of morning lows. The move proved unsustainable, but financials emerged to provide support to the broader market.
Financials stocks were down more than 1% in the early going, but rebounded to settle with an 2.1% gain, just shy of their session high. There wasn't any particular catalyst to account for the sharp reversal from red to green other than momentum buying. That momentum helped carry the major indices into positive territory midsession.
Despite leadership from the financial sector, the broader market was unable to break free from its fit of choppiness. Still, the apparent instability couldn't disrupt a strong advance into the close that gave stocks their fourth straight advance.
The stock market's latest winning streak has only added to an already impressive run that has stocks up nearly 15% in just over three weeks. Such a strong move has many calling for a pullback, but buyers remain in control.
Amid an increased willingness to move into stocks and take on risk, small-caps in the Russell 2000 and mid-caps in the S&P 400 outperformed the headline indices this session. Small- and mid-caps tacked on 0.9% and 0.8%, respectively.
Meanwhile, Treasuries fell out of favor after starting the session in higher ground. The benchmark 10-year Note shed some 12 ticks, which pushed its yield back toward 3.7%. The yield had been above 3.7% midway through the session.
Nasdaq +2.70 at 2011.31... S&P Midcap 400 +0.8... NYSE Adv/Dec 1851/1168... Nasdaq Adv/Dec 1509/1153.
08/03/09 16:15 ET Dow +114.95 at 9286.56, Nasdaq +30.11 at 2008.61, S&P +15.15 at 1002.61:
[BRIEFING.COM] Better-than-expected economic data helped to bring about broad-based buying, which took the S&P 500 to fresh highs for the year and helped it close above the psychologically significant 1000 mark for the first time since November.
The ISM Manufacturing Index made its seventh straight increase by coming in at 48.9 for June. While the sub-50 reading still connotes contraction in the manufacturing sector, the reading was still better than what had been expected.
Construction spending data for June made a surprise 0.3% increase. It was expected to fall 0.5%. The data was released at the same time as the ISM, so the pair of pleasing reports helped to fend off an early challenge from sellers, who had actually halved the stock market's opening gains.
Emboldened buyers helped to prop up the broader market, but materials stocks provided the most leadership and saw the richest gains. The sector's 3.5% advance was helped along by a sharp rise in steel stocks (+6.5%) and diversified metals and mining stocks (+8.0%).
Sharply higher commodity prices provided a catalyst for the run by basic materials stocks. The CRB Commodity Index spiked 3.4% and is now up more than 9% during the course of the past three sessions. A weaker dollar helped the case for commodities.
Oil prices jumped 3.0% to $71.53 per barrel. That's the highest price for oil in one month. Energy stocks responded by jumping 2.3%.
Financial stocks also saw solid buying interest. They finished 2.7% higher and were early leaders in the broader market, thanks to encouraging midyear reports from Barclays (BCS 22.15, +1.61) and HSBC (HBC 54.50, +3.80). Both banks provided leadership to the European bourses.
Earnings announcements didn't have much of an impact on trading this session, mostly because many bellwethers have already reported. Nonetheless, Humana (HUM 33.76, +0.91) reported an upside earnings surprise, but that wasn't enough to lift other managed care providers (-0.6%).
In other corporate news, Ford (F 8.33, +0.33) reported its first uptick in monthly sales results since 2007 by registering a 2.3% increase in June.
Treasuries were under pressure for the entire session. The benchmark 10-year Note shed more than a full point to put its yield above 3.6%.
Nasdaq +30.11 at 2008.61... S&P Midcap 400 +2.1... NYSE Adv/Dec 2542/522... Nasdaq Adv/Dec 1880/791.
July 31, 2009 -- 16:30 ET Dow +17.15 at 9171.61, Nasdaq -5.80 at 1978.50, S&P +0.73 at 987.48:
Moving the Market:
Q2 GDP falls less-than-expected at annualized rate of 1.0% (consensus -1.5%); but personal consumption falls at worse-than-expected annualized rate of 1.2% (consensus -0.5%)
Sector Watch:
Strong:
Auto mfg; auto components; real estate devp; building products; metals & mining; div financial services; household durables; industrial conglomerates; airlines; healthcare tech
Weak:
professional services; biotech; office electronics; media; life sciences; multi-utilities; gas utilities;
electric equip
Market Events
07/31/09 16:30 ET Dow +17.15 at 9171.61, Nasdaq -5.80 at 1978.50, S&P +0.73 at 987.48:
[BRIEFING.COM] Most of the excitement in Friday's trade occurred before the open as market participants awaited and reacted to a mixed Q2 GDP reading, as the major indices stuck to a slight trading range throughout the session and settled near the unchanged mark.
The advance Q2 GDP report showed the economy contracted at an annualized rate of -1.0%, marking the fourth consecutive quarter of decline. That was much improved from a downwardly revised -6.4% (from -5.5%) in the first quarter and it was also better than the expected -1.5% decline.
Personal consumption expenditures, which are the main driver of the economy, fell at an annualized rate of -1.2%. This was worse than the expected decline of 0.5%.
The market's reaction to the report in premarket trading was negative, with S&P 500 futures losing around 10 points. But the market managed to open nearly unchanged, and traded in a range-bound fashion throughout the session.
In the end, five of the ten sectors advanced, led by materials (+0.9%) as commodity prices rose. The utilities sector underperformed with a loss of 1.1%.
In corporate news, Ford (F 8.00, +0.61 ) got a lift on early reports that on word that the "cash-for-clunkers" programs could get $2 billion in additional funding through Sept. 2010, which the House of Representatives passed later in the afternoon. The move comes after the original program's budget of $1 billion may have been used in less than a month.
Walt Disney (DIS 25.12, -1.10) fell 4.2%. The company reported nearly in-line EPS, but its revenue dropped by a larger-than-expected 6.9% year-over-year.
Chevron (CVX 69.47, +1.77) this morning reported Q2 EPS of $0.87, which missed the consensus of $0.95.
Net income dropped 71% year-over-year due to the sharp decline in oil and natural gas prices.
In commodity trading, oil and precious metals closed significantly higher, benefiting from a 1.2% decline in the Dollar Index. Gold futures rose 2.0% to $954.00 per ounce and oil futures climbed up 3.3% to $69.15 per barrel.
The dollar's decline comes despite strength in the long end of the Treasury curve, with the 10-year note advancing a point and the 30-year bond up nearly two points.
The S&P 500 surged 7.4% in July, marking the fifth consecutive monthly gain.
Nasdaq -5.80 at 1978.50... NYSE Adv/Dec 1879/1137... Nasdaq Adv/Dec 1282/1356.
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
August 05, 2009 -- 16:15 ET Dow -39.22 at 9280.97, Nasdaq -18.26 at 1993.05, S&P -2.93 at 1002.75:
Moving the Market:
Financials continue to garner support. ADP Employment Change Report for July shows job losses exceed expectations. ISM Services Index for July falls short of consensus, but factory orders for June make surprise increase. Dow components Procter & Gamble and Kraft top earnings expectations but issue in-line guidance.
Sector Watch:
Strong:
multiline insurers; residential REITs; diversified banks; office REITs; diversified financial services; airlines; consumer finance; diversified REITs
Weak:
photo products; electronic manufacturing services; human resources and employment services; casinos and gaming; electronic components and equipment; distillers and vintners; managed health care; oil and gas equipment
Market Events:
08/05/09 16:15 ET Dow -39.22 at 9280.97, Nasdaq -18.26 at 1993.05, S&P -2.93 at 1002.75:
[BRIEFING.COM] Despite continued strength among financial issues, the major equity averages surrendered
some of their recent gains in the wake of a generally unimpressive batch of economic data.
Financials outperformed the broader market with relative ease for the second straight session. They jumped out to an early gain and were able to remain in positive ground for virtually the entire session before closing with a 3.3% gain. Financials are now up more than 8% this week.
Better-than-expected earnings from Marsh & McLennan (MMC 22.62, +1.12) gave insurers a lift and helped drive short-covering in left-for-dead names like AIG (AIG 22.00, +8.48), but bank stocks provided some of the most support to the broader market. Regional banks advanced 2.9%, diversified banks climbed 5.4%, and diversified financial services stocks (+5.4%) like Bank of America (BAC 16.62, +0.98) and JPMorgan Chase (JPM 41.78, +1.57) bounded.
Materials stocks also garnered support and finished 0.8% higher after spending the middle half of the session in the red. Besides financials, it was the only other sector in the S&P 500 to make a gain. The sector benefited from a rebound in commodity prices, which saw oil prices rebound from a loss of more than 2% to close 0.8% higher at nearly $72 per barrel. Oil prices were initially pressured by a larger-than-expected weekly inventory build of 1.67 million barrels.
Steel stocks (+2.6%) also provided support to the materials sector after AK Steel (AKS 21.92, +0.98) said it would raise prices.
The rest of the stock market struggled for most of the session. Losses were broad-based and considerable as most of the major sectors in the S&P 500 traded at least 1% into the red. Their weakness wasn't necessarily caused by the day's economic data, but the data certainly didn't stir up any support for stocks either.
Released before the opening bell, the latest ADP Employment Report indicated that 371,000 jobs were slashed in July, but that was greater than the 350,000 job losses that had been forecast. Meanwhile, job losses for June were revised lower to reflect 463,000 job cuts. The figures come ahead of the government's nonfarm payrolls report, which is expected to show 328,000 job losses when it is released Friday.
The ADP data was followed by some modest selling pressure in premarket trading, but stocks still started the session flat. Selling pressure intensified ahead of the latest ISM Service Index and factory orders data.
The ISM Services Index for July unexpectedly slipped to 46.4 from 47.0 in June. It was expected to come in at 48.0. The disappointing reading caused participants to generally dismiss the third straight monthly increase in factory orders, which most recently turned 0.4% higher in June.
The broader market did attempt another upward push into the close, but this time the advance was rebuffed. Still, the S&P 500 held above the 1000 mark as its decliners outnumbered its advancing issues by 2-to-1 in relatively high volume. Declining issues outnumbered advancers by more than 2-to-1 in the Dow. Procter & Gamble (PG 53.91, -1.55) was a primary laggard among blue chips, even though the company bested the consensus earnings estimate for the latest quarter. Fellow Dow component Kraft (KFT 28.33, -0.01) also lagged, despite posting a positive earnings surprise.
Nasdaq -18.26 at 1993.05... S&P Midcap 400 -0.3... NYSE Adv/Dec 1388/1640... Nasdaq Adv/Dec 969/1701.
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August 04, 2009 -- 16:30 ET Dow +33.63 at 9320.19, Nasdaq +2.70 at 2011.31, S&P +3.02 at 1005.65:
Moving the Market:
Financials show considerable strength. Personal income for June falls more than expected, but spending makes a slightly stronger increase than expected. Pending home sales for June climb more than expected
Sector Watch:
Strong:
photo products; IT consulting and services; casinos and gaming; residential REITs; industrial REITs; building products; office REITs; construction materials; soft drinks
Weak:
homebuilding; electric utilities; agricultural products; forest products; oil and gas drillers; auto
retailers; publishing and printing
Market Events
08/04/09 16:30 ET Dow +33.63 at 9320.19, Nasdaq +2.70 at 2011.31, S&P +3.02 at 1005.65:
[BRIEFING.COM] A surprisingly strong increase in pending home sales and considerable strength in the financial sector struggled to prop up stocks and keep choppy trading at bay, but a late move by buyers made for a strong finish.
Stocks started the session in negative territory as participants were left largely unimpressed by the latest batch of earnings announcements, which didn't contain any real market movers. News that June personal income fell a larger-than-expected 1.3% and June spending made a generally in-line 0.4% increase also failed to stir action.
However, a much better-than-expected monthly increase of 3.6% for June bounced stocks off of morning lows. The move proved unsustainable, but financials emerged to provide support to the broader market.
Financials stocks were down more than 1% in the early going, but rebounded to settle with an 2.1% gain, just shy of their session high. There wasn't any particular catalyst to account for the sharp reversal from red to green other than momentum buying. That momentum helped carry the major indices into positive territory midsession.
Despite leadership from the financial sector, the broader market was unable to break free from its fit of choppiness. Still, the apparent instability couldn't disrupt a strong advance into the close that gave stocks their fourth straight advance.
The stock market's latest winning streak has only added to an already impressive run that has stocks up nearly 15% in just over three weeks. Such a strong move has many calling for a pullback, but buyers remain in control.
Amid an increased willingness to move into stocks and take on risk, small-caps in the Russell 2000 and mid-caps in the S&P 400 outperformed the headline indices this session. Small- and mid-caps tacked on 0.9% and 0.8%, respectively.
Meanwhile, Treasuries fell out of favor after starting the session in higher ground. The benchmark 10-year Note shed some 12 ticks, which pushed its yield back toward 3.7%. The yield had been above 3.7% midway through the session.
Nasdaq +2.70 at 2011.31... S&P Midcap 400 +0.8... NYSE Adv/Dec 1851/1168... Nasdaq Adv/Dec 1509/1153.
08/03/09 16:15 ET Dow +114.95 at 9286.56, Nasdaq +30.11 at 2008.61, S&P +15.15 at 1002.61:
[BRIEFING.COM] Better-than-expected economic data helped to bring about broad-based buying, which took the S&P 500 to fresh highs for the year and helped it close above the psychologically significant 1000 mark for the first time since November.
The ISM Manufacturing Index made its seventh straight increase by coming in at 48.9 for June. While the sub-50 reading still connotes contraction in the manufacturing sector, the reading was still better than what had been expected.
Construction spending data for June made a surprise 0.3% increase. It was expected to fall 0.5%. The data was released at the same time as the ISM, so the pair of pleasing reports helped to fend off an early challenge from sellers, who had actually halved the stock market's opening gains.
Emboldened buyers helped to prop up the broader market, but materials stocks provided the most leadership and saw the richest gains. The sector's 3.5% advance was helped along by a sharp rise in steel stocks (+6.5%) and diversified metals and mining stocks (+8.0%).
Sharply higher commodity prices provided a catalyst for the run by basic materials stocks. The CRB Commodity Index spiked 3.4% and is now up more than 9% during the course of the past three sessions. A weaker dollar helped the case for commodities.
Oil prices jumped 3.0% to $71.53 per barrel. That's the highest price for oil in one month. Energy stocks responded by jumping 2.3%.
Financial stocks also saw solid buying interest. They finished 2.7% higher and were early leaders in the broader market, thanks to encouraging midyear reports from Barclays (BCS 22.15, +1.61) and HSBC (HBC 54.50, +3.80). Both banks provided leadership to the European bourses.
Earnings announcements didn't have much of an impact on trading this session, mostly because many bellwethers have already reported. Nonetheless, Humana (HUM 33.76, +0.91) reported an upside earnings surprise, but that wasn't enough to lift other managed care providers (-0.6%).
In other corporate news, Ford (F 8.33, +0.33) reported its first uptick in monthly sales results since 2007 by registering a 2.3% increase in June.
Treasuries were under pressure for the entire session. The benchmark 10-year Note shed more than a full point to put its yield above 3.6%.
Nasdaq +30.11 at 2008.61... S&P Midcap 400 +2.1... NYSE Adv/Dec 2542/522... Nasdaq Adv/Dec 1880/791.
July 31, 2009 -- 16:30 ET Dow +17.15 at 9171.61, Nasdaq -5.80 at 1978.50, S&P +0.73 at 987.48:
Moving the Market:
Q2 GDP falls less-than-expected at annualized rate of 1.0% (consensus -1.5%); but personal consumption falls at worse-than-expected annualized rate of 1.2% (consensus -0.5%)
Sector Watch:
Strong:
Auto mfg; auto components; real estate devp; building products; metals & mining; div financial services; household durables; industrial conglomerates; airlines; healthcare tech
Weak:
professional services; biotech; office electronics; media; life sciences; multi-utilities; gas utilities;
electric equip
Market Events
07/31/09 16:30 ET Dow +17.15 at 9171.61, Nasdaq -5.80 at 1978.50, S&P +0.73 at 987.48:
[BRIEFING.COM] Most of the excitement in Friday's trade occurred before the open as market participants awaited and reacted to a mixed Q2 GDP reading, as the major indices stuck to a slight trading range throughout the session and settled near the unchanged mark.
The advance Q2 GDP report showed the economy contracted at an annualized rate of -1.0%, marking the fourth consecutive quarter of decline. That was much improved from a downwardly revised -6.4% (from -5.5%) in the first quarter and it was also better than the expected -1.5% decline.
Personal consumption expenditures, which are the main driver of the economy, fell at an annualized rate of -1.2%. This was worse than the expected decline of 0.5%.
The market's reaction to the report in premarket trading was negative, with S&P 500 futures losing around 10 points. But the market managed to open nearly unchanged, and traded in a range-bound fashion throughout the session.
In the end, five of the ten sectors advanced, led by materials (+0.9%) as commodity prices rose. The utilities sector underperformed with a loss of 1.1%.
In corporate news, Ford (F 8.00, +0.61 ) got a lift on early reports that on word that the "cash-for-clunkers" programs could get $2 billion in additional funding through Sept. 2010, which the House of Representatives passed later in the afternoon. The move comes after the original program's budget of $1 billion may have been used in less than a month.
Walt Disney (DIS 25.12, -1.10) fell 4.2%. The company reported nearly in-line EPS, but its revenue dropped by a larger-than-expected 6.9% year-over-year.
Chevron (CVX 69.47, +1.77) this morning reported Q2 EPS of $0.87, which missed the consensus of $0.95.
Net income dropped 71% year-over-year due to the sharp decline in oil and natural gas prices.
In commodity trading, oil and precious metals closed significantly higher, benefiting from a 1.2% decline in the Dollar Index. Gold futures rose 2.0% to $954.00 per ounce and oil futures climbed up 3.3% to $69.15 per barrel.
The dollar's decline comes despite strength in the long end of the Treasury curve, with the 10-year note advancing a point and the 30-year bond up nearly two points.
The S&P 500 surged 7.4% in July, marking the fifth consecutive monthly gain.
Nasdaq -5.80 at 1978.50... NYSE Adv/Dec 1879/1137... Nasdaq Adv/Dec 1282/1356.
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