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 >>>>.
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:
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment