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.
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.
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.
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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
Reuters News:
Friday, July 31, 2009
Thursday, July 30, 2009
Market update Wed. 07/30/09 - 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.
July 30, 2009 -- 16:10 ET Dow +83.74 at 9154.46, Nasdaq +16.54 at 1984.30, S&P +11.45 at 986.60:
Moving the Market:
Participants continue to digest earnings, which have generally been better than expected. Initial jobless claims rise more than expected, but four-week moving average falls again; continuing claims retreat to levels not seen since April.
Sector Watch:
Strong:
health care suppliers; industrial conglomerates; casinos and gaming; diversified chemicals; building products; multiline insurers; industrial REITs; health care facilities
Weak:
diversified suppliers; photo products; office services and suppliers; wireless services; specialty consumer services
Market Events:
07/30/09 16:10 ET Dow +83.74 at 9154.46, Nasdaq +16.54 at 1984.30, S&P +11.45 at 986.60:
[BRIEFING.COM] Better-than-expected earnings and a lack of negative headlines fueled strong gains that were supported by broad-based buying and short covering. Though stocks surrendered a chunk of their gains late in the session, they still registered new closing highs for 2009.
A positive tone governed action for the entire session, due largely to a flood of upside earnings surprises from an array of industry players. What's more, the gains that followed came in the face of ongoing calls for a pullback from market pundits, which has encouraged short sellers to bet that the stock market's recent run will falter. However, stocks continue to be supported by those looking to put idle money into play.
Though the benchmark index was unable to cross the psychologically significant 1000 mark, the Nasdaq broke above 2000 for the first time since early October. Both indices finished off of their session highs, but they still managed to close at their best levels of the year.
All 10 major sectors in the S&P 500 logged gains, which ranged from energy's 0.1% gain to the materials sector's 3.0% gain.
Dow Chemical (DOW 21.51, +1.24) provided leadership to the materials sector. The company reported better-than-expected earnings for its latest quarter.
Materials stocks were also supported by higher commodity prices, though. A sharp rise in commodities gave the CRB Commodity Index a 3.9% gain, which is its best single-session percentage gain since March.
Oil was a primary driver behind the CRB's advance. Oil prices rebounded 5.8% to settle at $67.00 per barrel after dropping nearly 6% in the previous session.
Higher oil prices and positive earnings surprises from Noble (NBL 59.93, +3.27) and Apache (APA 82.29, +4.37) helped garner support for the energy sector as Exxon Mobil (XOM 70.64, -0.79) faltered after missing the consensus earnings estimate.
Some of the best gains this session came from within the financial sector, which finished almost 2.7% higher. Multiline insurers along with life and health insurers spiked a respective 5.2% and 4.6% after Hartford (HIG 16.98, +2.02), Lincoln National (LNC 20.34, +2.29), and Aflac (AFL 37.81, +2.36) reported pleasing quarterly results.
Visa (V 67.05, +0.27) and MasterCard (MA 194.17, +5.62) both reported upside earnings results of their own and also provided support to the financial sector.
The session's upbeat tone was generally bolstered by news that the four-week moving average for initial jobless claims fell to its lowest level in months, even though weekly claims climbed more than expected. Continuing claims declined more than expected for another straight week. Continuing claims now stand at levels not seen since April, but many economists caution that the labor market remains far from good.
The advance second quarter GDP announcement is due tomorrow morning and will dominate financial headlines. The current consensus calls for an annualized decline of 1.5% following the 5.5% annualized decline registered in the first quarter. The report is due at 8:30 AM ET.
Nasdaq +16.54 at 1984.30... S&P Midcap 400 +1.3... NYSE Adv/Dec 2409/649... Nasdaq Adv/Dec 1810/822.
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:
Amgen AMGN 7/27 4pm
United Steel X 7/28 8am
Under Armour UA 7/28 8am
Massey Energy MEE 7/28 4pm
Norfolk Southern NSC 7/28 4pm
Panera Bread PNRA 7/28 4pm
Aetna AET 7/29 8am
ConocoPhillips COP 7/29 8am
Sprint S 7/29 8am
Akamai Tech AKAM 7/29 4pm
Nutrisystem NTRI 7/29 4pm
Visa V 7/29 4pm
Expedia EXPE 7/30 8am
ExxonMobil XOM 7/30 8am
International Paper IP 7/30 8am
Level 3 Communications LVLT 7/30 8am
Mastercard MA 7/30 8am
Motorola MOT 7/30 8am
Walt Disney DIS 7/30 4pm
First Solar FSLR 7/30 4pm
Evergreen Solar ESLR 7/30 4pm
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
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.
July 30, 2009 -- 16:10 ET Dow +83.74 at 9154.46, Nasdaq +16.54 at 1984.30, S&P +11.45 at 986.60:
Moving the Market:
Participants continue to digest earnings, which have generally been better than expected. Initial jobless claims rise more than expected, but four-week moving average falls again; continuing claims retreat to levels not seen since April.
Sector Watch:
Strong:
health care suppliers; industrial conglomerates; casinos and gaming; diversified chemicals; building products; multiline insurers; industrial REITs; health care facilities
Weak:
diversified suppliers; photo products; office services and suppliers; wireless services; specialty consumer services
Market Events:
07/30/09 16:10 ET Dow +83.74 at 9154.46, Nasdaq +16.54 at 1984.30, S&P +11.45 at 986.60:
[BRIEFING.COM] Better-than-expected earnings and a lack of negative headlines fueled strong gains that were supported by broad-based buying and short covering. Though stocks surrendered a chunk of their gains late in the session, they still registered new closing highs for 2009.
A positive tone governed action for the entire session, due largely to a flood of upside earnings surprises from an array of industry players. What's more, the gains that followed came in the face of ongoing calls for a pullback from market pundits, which has encouraged short sellers to bet that the stock market's recent run will falter. However, stocks continue to be supported by those looking to put idle money into play.
Though the benchmark index was unable to cross the psychologically significant 1000 mark, the Nasdaq broke above 2000 for the first time since early October. Both indices finished off of their session highs, but they still managed to close at their best levels of the year.
All 10 major sectors in the S&P 500 logged gains, which ranged from energy's 0.1% gain to the materials sector's 3.0% gain.
Dow Chemical (DOW 21.51, +1.24) provided leadership to the materials sector. The company reported better-than-expected earnings for its latest quarter.
Materials stocks were also supported by higher commodity prices, though. A sharp rise in commodities gave the CRB Commodity Index a 3.9% gain, which is its best single-session percentage gain since March.
Oil was a primary driver behind the CRB's advance. Oil prices rebounded 5.8% to settle at $67.00 per barrel after dropping nearly 6% in the previous session.
Higher oil prices and positive earnings surprises from Noble (NBL 59.93, +3.27) and Apache (APA 82.29, +4.37) helped garner support for the energy sector as Exxon Mobil (XOM 70.64, -0.79) faltered after missing the consensus earnings estimate.
Some of the best gains this session came from within the financial sector, which finished almost 2.7% higher. Multiline insurers along with life and health insurers spiked a respective 5.2% and 4.6% after Hartford (HIG 16.98, +2.02), Lincoln National (LNC 20.34, +2.29), and Aflac (AFL 37.81, +2.36) reported pleasing quarterly results.
Visa (V 67.05, +0.27) and MasterCard (MA 194.17, +5.62) both reported upside earnings results of their own and also provided support to the financial sector.
The session's upbeat tone was generally bolstered by news that the four-week moving average for initial jobless claims fell to its lowest level in months, even though weekly claims climbed more than expected. Continuing claims declined more than expected for another straight week. Continuing claims now stand at levels not seen since April, but many economists caution that the labor market remains far from good.
The advance second quarter GDP announcement is due tomorrow morning and will dominate financial headlines. The current consensus calls for an annualized decline of 1.5% following the 5.5% annualized decline registered in the first quarter. The report is due at 8:30 AM ET.
Nasdaq +16.54 at 1984.30... S&P Midcap 400 +1.3... NYSE Adv/Dec 2409/649... Nasdaq Adv/Dec 1810/822.
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:
Amgen AMGN 7/27 4pm
United Steel X 7/28 8am
Under Armour UA 7/28 8am
Massey Energy MEE 7/28 4pm
Norfolk Southern NSC 7/28 4pm
Panera Bread PNRA 7/28 4pm
Aetna AET 7/29 8am
ConocoPhillips COP 7/29 8am
Sprint S 7/29 8am
Akamai Tech AKAM 7/29 4pm
Nutrisystem NTRI 7/29 4pm
Visa V 7/29 4pm
Expedia EXPE 7/30 8am
ExxonMobil XOM 7/30 8am
International Paper IP 7/30 8am
Level 3 Communications LVLT 7/30 8am
Mastercard MA 7/30 8am
Motorola MOT 7/30 8am
Walt Disney DIS 7/30 4pm
First Solar FSLR 7/30 4pm
Evergreen Solar ESLR 7/30 4pm
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
Reuters News:
Wednesday, July 29, 2009
SPY QQQQ DIA GLD OIL AAPL update 07/29/09 - 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.
July 29, 2009 -- 16:30 ET Dow -26.00 at 9070.72, Nasdaq -7.75 at 1967.76, S&P -4.47 at 975.15:
Moving the Market:
Consolidation efforts continue, but health care garners support. June durable goods orders data drop more than expected, but orders less autos make marked increase. Auction results from $39 billion auction of 5-year Treasury Notes disappoint. Fed's Beige Book suggests economic decline is moderating, but weakness persists.
Sector Watch:
Strong:
health care distributors; life science tools; insurance brokers; health care services; airlines; footwear; integrated telecom
Weak:
diversified metals and mining; wireless services; oil and gas drillers; managed health care; steel; multisector holdings; autoparts and equipment; health care facilities; construction materials
Market Events:
07/29/09 16:30 ET Dow -26.00 at 9070.72, Nasdaq -7.75 at 1967.76, S&P -4.47 at 975.15:
[BRIEFING.COM] For the second straight session health care stocks traded with strength while the broader market fell in range-bound trade.
Health care stocks outperformed the broader market for the entire session. They primarily benefited from strength in health care distributors (+4.9%), which followed better-than-expected earnings and an increased outlook from McKesson (MCK 52.01, +4.18).
However, the health care sector's strength was undercut by losses among managed care providers (-3.8%), which followed a disappointing report from WellPoint (WLP 51.28, -3.10). WellPoint topped the consensus earnings estimate, but fell short with its benefit expense ratio, decreased operational earnings guidance, and increased cost trend forecast.
Still, the health care sector netted a modest 0.3% gain. Telecom (+0.8%) and consumer staples stocks (+0.4%) were the only other major sectors in the S&P 500 to log gains.
Yahoo! (YHOO 15.14, -2.08) made headlines this morning by finally signing a deal to pair parts of its Internet search service with names Microsoft (MSFT 23.80, +0.33). Though the announcement didn't have much impact on the broader market, shares of YHOO were among the most actively traded names by volume this session. However, they were also one of the sharpest decliners by percent.
Market participants were also largely unimpressed by news that durable goods orders for June made their worst drop since January by falling 2.5%, which was worse than expected. Meanwhile, orders less autos made a surprisingly strong increase of 1.1%. That was better than expected and made for the first back-to-back increase since March and April of 2008.
Stocks and Treasuries fell to session lows following a disappointing auction of $39 billion worth of 5-year Treasury Notes. The auction saw a high yield of almost 2.69% and a bid-to-cover ratio of 1.9. The benchmark 10-year Note responded by turning surrendering its gains and sending its yield roughly 10 basis points higher to 3.73%. It did recover, though, to finish 5 ticks into the green with a yield of 3.67%. Stocks were also able to recover, though they failed to make their way into positive territory. Still, the S&P 500 more than halved its losses in the final hour of the session.
The latest version of the Fed's Beige Book was released this afternoon. It told of moderated economic decline, albeit at a low level, but an underlying message is that the market is getting ahead of itself with its recovery trade.
With that in mind, it seemed justifiable for traders to move in concerted fashion against commodities. The CRB Commodity Index sank 2.7% in its worst single-session performance in three months as crude oil prices dropped 5.8% to settle at $63.35 per barrel and gold prices fell 1.3% to $927.20 per ounce. Crude prices were hit doubly by an unexpected inventory build and a stronger U.S. dollar -- the greenback made its best move in more than one month as it gained 0.9% against a basket of major foreign currencies.
Weakness in oil prices and other commodities prices weighed heavily on energy and materials stocks. Energy shed 2.1%, unable to benefit from a batch of better-than-expected earnings from ConocoPhillips (COP 42.86, -1.57) and Hess (HES 51.72, -1.85).
Meanwhile, the materials sector fell 2.1% with steel stocks showing some of the most weakness after Arcelor Mittal (MT 34.27, -2.3) and Nippon Steel posting ugly losses for the latest quarter.
Amid choppy trading and broad-based declines, the Volatility Index moved 2.4% higher in its third straight advance. It is up more than 10% week-to-date and at levels not seen for two weeks.
Nasdaq -7.75 at 1967.76... S&P Midcap 400 -0.7... NYSE Adv/Dec 1180/1834... Nasdaq Adv/Dec 988/1617.
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:
Amgen AMGN 7/27 4pm
United Steel X 7/28 8am
Under Armour UA 7/28 8am
Massey Energy MEE 7/28 4pm
Norfolk Southern NSC 7/28 4pm
Panera Bread PNRA 7/28 4pm
Aetna AET 7/29 8am
ConocoPhillips COP 7/29 8am
Sprint S 7/29 8am
Akamai Tech AKAM 7/29 4pm
Nutrisystem NTRI 7/29 4pm
Visa V 7/29 4pm
Expedia EXPE 7/30 8am
ExxonMobil XOM 7/30 8am
International Paper IP 7/30 8am
Level 3 Communications LVLT 7/30 8am
Mastercard MA 7/30 8am
Motorola MOT 7/30 8am
Walt Disney DIS 7/30 4pm
First Solar FSLR 7/30 4pm
Evergreen Solar ESLR 7/30 4pm
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
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.
July 29, 2009 -- 16:30 ET Dow -26.00 at 9070.72, Nasdaq -7.75 at 1967.76, S&P -4.47 at 975.15:
Moving the Market:
Consolidation efforts continue, but health care garners support. June durable goods orders data drop more than expected, but orders less autos make marked increase. Auction results from $39 billion auction of 5-year Treasury Notes disappoint. Fed's Beige Book suggests economic decline is moderating, but weakness persists.
Sector Watch:
Strong:
health care distributors; life science tools; insurance brokers; health care services; airlines; footwear; integrated telecom
Weak:
diversified metals and mining; wireless services; oil and gas drillers; managed health care; steel; multisector holdings; autoparts and equipment; health care facilities; construction materials
Market Events:
07/29/09 16:30 ET Dow -26.00 at 9070.72, Nasdaq -7.75 at 1967.76, S&P -4.47 at 975.15:
[BRIEFING.COM] For the second straight session health care stocks traded with strength while the broader market fell in range-bound trade.
Health care stocks outperformed the broader market for the entire session. They primarily benefited from strength in health care distributors (+4.9%), which followed better-than-expected earnings and an increased outlook from McKesson (MCK 52.01, +4.18).
However, the health care sector's strength was undercut by losses among managed care providers (-3.8%), which followed a disappointing report from WellPoint (WLP 51.28, -3.10). WellPoint topped the consensus earnings estimate, but fell short with its benefit expense ratio, decreased operational earnings guidance, and increased cost trend forecast.
Still, the health care sector netted a modest 0.3% gain. Telecom (+0.8%) and consumer staples stocks (+0.4%) were the only other major sectors in the S&P 500 to log gains.
Yahoo! (YHOO 15.14, -2.08) made headlines this morning by finally signing a deal to pair parts of its Internet search service with names Microsoft (MSFT 23.80, +0.33). Though the announcement didn't have much impact on the broader market, shares of YHOO were among the most actively traded names by volume this session. However, they were also one of the sharpest decliners by percent.
Market participants were also largely unimpressed by news that durable goods orders for June made their worst drop since January by falling 2.5%, which was worse than expected. Meanwhile, orders less autos made a surprisingly strong increase of 1.1%. That was better than expected and made for the first back-to-back increase since March and April of 2008.
Stocks and Treasuries fell to session lows following a disappointing auction of $39 billion worth of 5-year Treasury Notes. The auction saw a high yield of almost 2.69% and a bid-to-cover ratio of 1.9. The benchmark 10-year Note responded by turning surrendering its gains and sending its yield roughly 10 basis points higher to 3.73%. It did recover, though, to finish 5 ticks into the green with a yield of 3.67%. Stocks were also able to recover, though they failed to make their way into positive territory. Still, the S&P 500 more than halved its losses in the final hour of the session.
The latest version of the Fed's Beige Book was released this afternoon. It told of moderated economic decline, albeit at a low level, but an underlying message is that the market is getting ahead of itself with its recovery trade.
With that in mind, it seemed justifiable for traders to move in concerted fashion against commodities. The CRB Commodity Index sank 2.7% in its worst single-session performance in three months as crude oil prices dropped 5.8% to settle at $63.35 per barrel and gold prices fell 1.3% to $927.20 per ounce. Crude prices were hit doubly by an unexpected inventory build and a stronger U.S. dollar -- the greenback made its best move in more than one month as it gained 0.9% against a basket of major foreign currencies.
Weakness in oil prices and other commodities prices weighed heavily on energy and materials stocks. Energy shed 2.1%, unable to benefit from a batch of better-than-expected earnings from ConocoPhillips (COP 42.86, -1.57) and Hess (HES 51.72, -1.85).
Meanwhile, the materials sector fell 2.1% with steel stocks showing some of the most weakness after Arcelor Mittal (MT 34.27, -2.3) and Nippon Steel posting ugly losses for the latest quarter.
Amid choppy trading and broad-based declines, the Volatility Index moved 2.4% higher in its third straight advance. It is up more than 10% week-to-date and at levels not seen for two weeks.
Nasdaq -7.75 at 1967.76... S&P Midcap 400 -0.7... NYSE Adv/Dec 1180/1834... Nasdaq Adv/Dec 988/1617.
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:
Amgen AMGN 7/27 4pm
United Steel X 7/28 8am
Under Armour UA 7/28 8am
Massey Energy MEE 7/28 4pm
Norfolk Southern NSC 7/28 4pm
Panera Bread PNRA 7/28 4pm
Aetna AET 7/29 8am
ConocoPhillips COP 7/29 8am
Sprint S 7/29 8am
Akamai Tech AKAM 7/29 4pm
Nutrisystem NTRI 7/29 4pm
Visa V 7/29 4pm
Expedia EXPE 7/30 8am
ExxonMobil XOM 7/30 8am
International Paper IP 7/30 8am
Level 3 Communications LVLT 7/30 8am
Mastercard MA 7/30 8am
Motorola MOT 7/30 8am
Walt Disney DIS 7/30 4pm
First Solar FSLR 7/30 4pm
Evergreen Solar ESLR 7/30 4pm
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
CNBC:
Reuters News:
Tuesday, July 28, 2009
Market update 07/28/09 - 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:
July 28, 2009 -- 16:15 ET Dow -11.79 at 9096.72, Nasdaq +7.62 at 1975.51, S&P -2.56 at 979.62:
Moving the Market:
Participants look to consolidate recent gains, but an underlying, supportive bid limits losses. Earnings remain in focus, though many major companies have already reported in recent weeks. Consumer Confidence Index for July drops more than expected, marking second straight decline.
Sector Watch:
Strong:
building products; health care facilities; managed care; computers and electronics; construction materials; biotech; office electronics; home entertainment software; electronic components
Weak:
construction and engineering; industrial REITs; advertising; agricultural products; specialty stores; independent power producers and traders; gold; oil and gas equipment; multiline insurers
Market Events:
07/28/09 16:15 ET Dow -11.79 at 9096.72, Nasdaq +7.62 at 1975.51, S&P -2.56 at 979.62:
[BRIEFING.COM] Stocks spent almost all of the session in negative territory, but losses were contained by a supportive bid in the broader market. That helped keep the S&P 500 within a narrow 10 point trading range for most of the session and gave the Nasdaq its fourteenth gain in 15 sessions.
In the early going participants attempted to pare opening losses, but worse-than-expected July consumer confidence data stirred sellers. By coming in at 46.6, the Consumer Confidence Index made its second straight decline. That overshadowed news that the pace of falling home prices moderated in May for the first time since 2006, according to the S&P/CaseShiller Composite Index.
Though consumer confidence data disappointed, stocks still were generally able to garner support and limit losses. In fact, retailers performed well in spite of the data. They advanced 0.6% as a group, though Under Armor (UA 25.43, -0.19) was unable to hold gains after it posted an upside earnings surprise and issued upside guidance. Coach (COH 28.05, -0.38) pared its losses after it reported in-line earnings.
Health care stocks (+0.2%) outperformed the broader market for the entire session. Their strength came on the heels of better-than-expected earnings and an upside forecast from Amgen (AMGN 62.42, +1.65) and upbeat earnings and an in-line outlook from Teva Pharmaceutical (TEVA 53.25, +2.15). The pair were leaders in the Nasdaq and helped biotechs advance 2.2%.
Energy stocks and materials stocks didn't fare so well; they finished with losses of 1.5% and 0.8%, respectively. Their weakness stemmed primarily from lower commodities prices, which left crude oil prices down 1.7% at $67.23 per barrel, gold prices down 1.5% at $939.10 per ounce, and silver prices down 1.8% at $13.74 per ounce. In turn, the CRB Commodity Index shed 0.9%.
Treasuries had a decent day, but saw gains cut in the wake of a record $42 billion auction of 2-year Notes. The high yield for the auction was a reasonable 1.08% and the bid-to-cover was a solid 2.75, but at 33% the indirect bidding was lower than we would have liked to see. The 2-year Note fell two ticks, but the benchmark 10 year Note added nine ticks. That left the pair trading with a spread just above 260 basis points.
Treasuries are back in focus tomorrow with a $39 billion auction of 5-year Notes (1:00 PM ET). Durable goods orders data for June (8:30 AM ET) and weekly oil inventory data (10:30 AM ET) are also due Wednesday. The Fed releases its latest Beige Book as well (2:00 PM ET).
Nasdaq +7.62 at 1975.51... S&P Midcap 400 -0.2... NYSE Adv/Dec 1441/1555... Nasdaq Adv/Dec 1436/1197.
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:
Amgen AMGN 7/27 4pm
United Steel X 7/28 8am
Under Armour UA 7/28 8am
Massey Energy MEE 7/28 4pm
Norfolk Southern NSC 7/28 4pm
Panera Bread PNRA 7/28 4pm
Aetna AET 7/29 8am
ConocoPhillips COP 7/29 8am
Sprint S 7/29 8am
Akamai Tech AKAM 7/29 4pm
Nutrisystem NTRI 7/29 4pm
Visa V 7/29 4pm
Expedia EXPE 7/30 8am
ExxonMobil XOM 7/30 8am
International Paper IP 7/30 8am
Level 3 Communications LVLT 7/30 8am
Mastercard MA 7/30 8am
Motorola MOT 7/30 8am
Walt Disney DIS 7/30 4pm
First Solar FSLR 7/30 4pm
Evergreen Solar ESLR 7/30 4pm
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
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:
July 28, 2009 -- 16:15 ET Dow -11.79 at 9096.72, Nasdaq +7.62 at 1975.51, S&P -2.56 at 979.62:
Moving the Market:
Participants look to consolidate recent gains, but an underlying, supportive bid limits losses. Earnings remain in focus, though many major companies have already reported in recent weeks. Consumer Confidence Index for July drops more than expected, marking second straight decline.
Sector Watch:
Strong:
building products; health care facilities; managed care; computers and electronics; construction materials; biotech; office electronics; home entertainment software; electronic components
Weak:
construction and engineering; industrial REITs; advertising; agricultural products; specialty stores; independent power producers and traders; gold; oil and gas equipment; multiline insurers
Market Events:
07/28/09 16:15 ET Dow -11.79 at 9096.72, Nasdaq +7.62 at 1975.51, S&P -2.56 at 979.62:
[BRIEFING.COM] Stocks spent almost all of the session in negative territory, but losses were contained by a supportive bid in the broader market. That helped keep the S&P 500 within a narrow 10 point trading range for most of the session and gave the Nasdaq its fourteenth gain in 15 sessions.
In the early going participants attempted to pare opening losses, but worse-than-expected July consumer confidence data stirred sellers. By coming in at 46.6, the Consumer Confidence Index made its second straight decline. That overshadowed news that the pace of falling home prices moderated in May for the first time since 2006, according to the S&P/CaseShiller Composite Index.
Though consumer confidence data disappointed, stocks still were generally able to garner support and limit losses. In fact, retailers performed well in spite of the data. They advanced 0.6% as a group, though Under Armor (UA 25.43, -0.19) was unable to hold gains after it posted an upside earnings surprise and issued upside guidance. Coach (COH 28.05, -0.38) pared its losses after it reported in-line earnings.
Health care stocks (+0.2%) outperformed the broader market for the entire session. Their strength came on the heels of better-than-expected earnings and an upside forecast from Amgen (AMGN 62.42, +1.65) and upbeat earnings and an in-line outlook from Teva Pharmaceutical (TEVA 53.25, +2.15). The pair were leaders in the Nasdaq and helped biotechs advance 2.2%.
Energy stocks and materials stocks didn't fare so well; they finished with losses of 1.5% and 0.8%, respectively. Their weakness stemmed primarily from lower commodities prices, which left crude oil prices down 1.7% at $67.23 per barrel, gold prices down 1.5% at $939.10 per ounce, and silver prices down 1.8% at $13.74 per ounce. In turn, the CRB Commodity Index shed 0.9%.
Treasuries had a decent day, but saw gains cut in the wake of a record $42 billion auction of 2-year Notes. The high yield for the auction was a reasonable 1.08% and the bid-to-cover was a solid 2.75, but at 33% the indirect bidding was lower than we would have liked to see. The 2-year Note fell two ticks, but the benchmark 10 year Note added nine ticks. That left the pair trading with a spread just above 260 basis points.
Treasuries are back in focus tomorrow with a $39 billion auction of 5-year Notes (1:00 PM ET). Durable goods orders data for June (8:30 AM ET) and weekly oil inventory data (10:30 AM ET) are also due Wednesday. The Fed releases its latest Beige Book as well (2:00 PM ET).
Nasdaq +7.62 at 1975.51... S&P Midcap 400 -0.2... NYSE Adv/Dec 1441/1555... Nasdaq Adv/Dec 1436/1197.
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:
Amgen AMGN 7/27 4pm
United Steel X 7/28 8am
Under Armour UA 7/28 8am
Massey Energy MEE 7/28 4pm
Norfolk Southern NSC 7/28 4pm
Panera Bread PNRA 7/28 4pm
Aetna AET 7/29 8am
ConocoPhillips COP 7/29 8am
Sprint S 7/29 8am
Akamai Tech AKAM 7/29 4pm
Nutrisystem NTRI 7/29 4pm
Visa V 7/29 4pm
Expedia EXPE 7/30 8am
ExxonMobil XOM 7/30 8am
International Paper IP 7/30 8am
Level 3 Communications LVLT 7/30 8am
Mastercard MA 7/30 8am
Motorola MOT 7/30 8am
Walt Disney DIS 7/30 4pm
First Solar FSLR 7/30 4pm
Evergreen Solar ESLR 7/30 4pm
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
CNBC:
Reuters News:
Free Stock Market Analysis - Back Log Updates for 7/24 & 7/27/09
Back Log Updates...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.
07/27/09 16:30 ET Dow +15.27 at 9108.51, Nasdaq +1.93 at 1967.89, S&P +2.92 at 982.18:
[BRIEFING.COM] Thanks to underlying support in the broader market and leadership from bank stocks, the major indices were able to shake off a mild fit of profit taking and close modestly higher.
Stocks started the session with moderate losses as participants pushed back after watching stocks climb more than 10% during the course of the past two weeks. The major averages made a respectable move higher when news surfaced that new home sales during June spiked 11% to hit a better-than-expected annualized rate of 384,000. With new home sales coming in at their highest rate since November, the supply of unsold homes moved lower to 8.8 months from 10.2 months in May.
Enthusiasm over the new home sales report didn't last very long, but a supportive bid for the broader market helped contain weakness. The stock market was also supported by strength among bank stocks, which underpinned a 1.5% gain by the financial sector.
Bank stocks showed strength for the entire session and helped the KBW Banking Index log a 3.1% gain. With many major banks having already reported their quarterly results, there weren't any particular news items to account for the strength behind banking issues. However, news from The Wall Street Journal that second quarter lending was down nearly 3% among 15 large U.S. banks suggested that many banks remain cautious about putting their money to work. Reports indicate that lending also slowed in the euro-zone.
In-line earnings from Dow component Verizon (VZ 31.00, -0.50) and Honeywell (HON 34.24, +0.25) were underwhelming. Honeywell's cautious outlook did little to inspire. Such was the same for Aetna (AET 25.72, -0.72), which also fell short of earnings expectations.
A prerecorded interview with Fed Chairman Bernanke will air on PBS tonight. According to Reuters, Bernanke responded to questions about the Fed's actions during the past year by saying that he would not be the one who presided over the second Great Depression. Bernanke also stated that the jobless rate will remain high even after the U.S. exits recession.
Nasdaq +1.93 at 1967.89... NYSE Adv/Dec 1939/1061... Nasdaq Adv/Dec 1497/1144.
July 24, 2009 -- 16:30 ET Dow +23.95 at 9093.24, Nasdaq -7.64 at 1965.96, S&P +2.97 at 979.26:
Moving the Market:
Sector Watch
Industry majors Microsoft and Amazon.com post in-line earnings. Overall, companies continue to top earnings estimates despite lower revenue. Nasdaq's thirteenth straight gain in jeopardy.
Sector Watch:
Strong:
trucking; consumer finance; independent power producers; building products; industrial REITs; health care facilities; household appliances
Weak:
internet retailers; systems software; health care tech; automakers; advertising; semiconductor equipment; asset managers and consultants; thrifts and mortgage companies
Market Events:
07/24/09 16:30 ET Dow +23.95 at 9093.24, Nasdaq -7.64 at 1965.96, S&P +2.97 at 979.26:
[BRIEFING.COM] Tech stocks were under pressure for the entire session and caused the Nasdaq to log its first loss in more than two weeks, but a supportive bid in the broader market emerged to help the Dow and S&P 500 reverse early losses and finish with a modest gain.
Microsoft (MSFT 23.45, -2.11) weighed on the Nasdaq for the entire session. Though the company generated in-line earnings, a double-digit percentage decline in revenue caused its top line to come short of expectations. Microsoft's report showcased just how weak demand remains.
Semiconductor stocks (-1.3%) were pressured even though Broadcom (BRCM 27.20, -1.98) topped earnings expectations, saw revenue rise at a double-digit annual clip, and provided upside revenue guidance for the third quarter. Some believe the results from semiconductor companies are an inaccurate barometer for the tech sector's health since they feed the tech supply chain rather than consumers directly.
In-line earnings and an in-line outlook from online retailer Amazon.com (AMZN 86.49, -7.38) failed to rebuff profit takers from locking in gains from the stock's 24% surge between July 7 and July 23. That also weighed on the Nasdaq.
Weakness in the Nasdaq caused it to lag the other headline indices for the entire session. It was down nearly 2% at its session low, but was able to reclaim most of its losses as the session progressed. Still, its decline put an end to its 12-session streak of gains.
The S&P 500, a broader market benchmark, was able to close with a modest gain at session highs. Health care provided leadership with a 1.6% advance amid news from Reuters that a leader of House fiscal conservatives said health care reform talks fell apart and that he sees no possibility of a deal.
Financial stocks tried to provide support to the broader market, but they never made their way into positive territory. Instead, they finished with a 0.3% loss. Capital One (COF 30.07, +2.24) saw strong gains, though. The consumer finance outfit reported a second quarter loss that wasn't as deep as what had been expected. Participants also reacted positively to the company's quarterly metrics.
Dow component American Express (AXP 29.51, +0.06) was able to eke out a gain after narrowly topping the consensus earnings estimate. Its loss provisions were down from the year-ago period, but they were offset by higher write-offs and past due loans.
Market participants return Monday to another batch of quarterly announcements. New home sales data for June are also due.
Nasdaq -7.64 at 1965.96... S&P Midcap 400 +0.6... NYSE Adv/Dec 1909/1089... Nasdaq Adv/Dec 1446/1160.
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.
07/27/09 16:30 ET Dow +15.27 at 9108.51, Nasdaq +1.93 at 1967.89, S&P +2.92 at 982.18:
[BRIEFING.COM] Thanks to underlying support in the broader market and leadership from bank stocks, the major indices were able to shake off a mild fit of profit taking and close modestly higher.
Stocks started the session with moderate losses as participants pushed back after watching stocks climb more than 10% during the course of the past two weeks. The major averages made a respectable move higher when news surfaced that new home sales during June spiked 11% to hit a better-than-expected annualized rate of 384,000. With new home sales coming in at their highest rate since November, the supply of unsold homes moved lower to 8.8 months from 10.2 months in May.
Enthusiasm over the new home sales report didn't last very long, but a supportive bid for the broader market helped contain weakness. The stock market was also supported by strength among bank stocks, which underpinned a 1.5% gain by the financial sector.
Bank stocks showed strength for the entire session and helped the KBW Banking Index log a 3.1% gain. With many major banks having already reported their quarterly results, there weren't any particular news items to account for the strength behind banking issues. However, news from The Wall Street Journal that second quarter lending was down nearly 3% among 15 large U.S. banks suggested that many banks remain cautious about putting their money to work. Reports indicate that lending also slowed in the euro-zone.
In-line earnings from Dow component Verizon (VZ 31.00, -0.50) and Honeywell (HON 34.24, +0.25) were underwhelming. Honeywell's cautious outlook did little to inspire. Such was the same for Aetna (AET 25.72, -0.72), which also fell short of earnings expectations.
A prerecorded interview with Fed Chairman Bernanke will air on PBS tonight. According to Reuters, Bernanke responded to questions about the Fed's actions during the past year by saying that he would not be the one who presided over the second Great Depression. Bernanke also stated that the jobless rate will remain high even after the U.S. exits recession.
Nasdaq +1.93 at 1967.89... NYSE Adv/Dec 1939/1061... Nasdaq Adv/Dec 1497/1144.
July 24, 2009 -- 16:30 ET Dow +23.95 at 9093.24, Nasdaq -7.64 at 1965.96, S&P +2.97 at 979.26:
Moving the Market:
Sector Watch
Industry majors Microsoft and Amazon.com post in-line earnings. Overall, companies continue to top earnings estimates despite lower revenue. Nasdaq's thirteenth straight gain in jeopardy.
Sector Watch:
Strong:
trucking; consumer finance; independent power producers; building products; industrial REITs; health care facilities; household appliances
Weak:
internet retailers; systems software; health care tech; automakers; advertising; semiconductor equipment; asset managers and consultants; thrifts and mortgage companies
Market Events:
07/24/09 16:30 ET Dow +23.95 at 9093.24, Nasdaq -7.64 at 1965.96, S&P +2.97 at 979.26:
[BRIEFING.COM] Tech stocks were under pressure for the entire session and caused the Nasdaq to log its first loss in more than two weeks, but a supportive bid in the broader market emerged to help the Dow and S&P 500 reverse early losses and finish with a modest gain.
Microsoft (MSFT 23.45, -2.11) weighed on the Nasdaq for the entire session. Though the company generated in-line earnings, a double-digit percentage decline in revenue caused its top line to come short of expectations. Microsoft's report showcased just how weak demand remains.
Semiconductor stocks (-1.3%) were pressured even though Broadcom (BRCM 27.20, -1.98) topped earnings expectations, saw revenue rise at a double-digit annual clip, and provided upside revenue guidance for the third quarter. Some believe the results from semiconductor companies are an inaccurate barometer for the tech sector's health since they feed the tech supply chain rather than consumers directly.
In-line earnings and an in-line outlook from online retailer Amazon.com (AMZN 86.49, -7.38) failed to rebuff profit takers from locking in gains from the stock's 24% surge between July 7 and July 23. That also weighed on the Nasdaq.
Weakness in the Nasdaq caused it to lag the other headline indices for the entire session. It was down nearly 2% at its session low, but was able to reclaim most of its losses as the session progressed. Still, its decline put an end to its 12-session streak of gains.
The S&P 500, a broader market benchmark, was able to close with a modest gain at session highs. Health care provided leadership with a 1.6% advance amid news from Reuters that a leader of House fiscal conservatives said health care reform talks fell apart and that he sees no possibility of a deal.
Financial stocks tried to provide support to the broader market, but they never made their way into positive territory. Instead, they finished with a 0.3% loss. Capital One (COF 30.07, +2.24) saw strong gains, though. The consumer finance outfit reported a second quarter loss that wasn't as deep as what had been expected. Participants also reacted positively to the company's quarterly metrics.
Dow component American Express (AXP 29.51, +0.06) was able to eke out a gain after narrowly topping the consensus earnings estimate. Its loss provisions were down from the year-ago period, but they were offset by higher write-offs and past due loans.
Market participants return Monday to another batch of quarterly announcements. New home sales data for June are also due.
Nasdaq -7.64 at 1965.96... S&P Midcap 400 +0.6... NYSE Adv/Dec 1909/1089... Nasdaq Adv/Dec 1446/1160.
Reuters News:
Thursday, July 23, 2009
SPY update 07/23/09 - Free Stock Market Analysis - Congratulations! to Mark Buehrle
Here is the latest trading and free market analysis video 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.
Mark Buehrle joined an elite group of pitchers against the Rays in a 5-0 victory Thursday. The southpaw became the first to deal perfection since Randy Johnson in 2004. Congratulations! to Mark Buehrle and the Chicago White Sox for throwing a perfect game!!
July 23, 2009 -- 16:30 ET
Moving the Market:
Earnings remain in focus; results this morning support positive bid for stock futures. Initial weekly jobless claims increase from prior week, but remain in-line with expectations; continuing claims fall more than expected. Existing home sales for June increase in-line with expectations
Sector Watch:
Strong:
casinos and gaming; automakers; trucking; building products; industrial REITs; human resources and employment services
Weak:
food retailers; health care tech; restaurants; electronic equipment; residential and construction services; special construction services
Market Events:
07/23/09 16:30 ET Dow +188.03 at 9069.29, Nasdaq +47.22 at 1973.60, S&P +22.22 at 976.29:
[BRIEFING.COM] Broad-based buying on the back of a large batch of better-than-expected earnings announcements sent all three major indices to their best levels in months. Though most of the move came in the first half of the session, stocks were able to hold steady in the afternoon and close just off of session highs.
Gains were strongest among materials stocks. Strong results from Mosaic (MOS 51.45, +3.03) won its shares support and helped lift the materials sector 3.4%, more than any other major sector in the S&P 500.
Financial stocks also made strong gains, though they were actually laggards in the early going. Large diversified banks (+0.1%) underperformed, but a positive reaction to the latest quarterly report from regional lender Fifth Third (FITB 8.01, +1.00) helped give the financial sector a 3.0% gain.
More than 150 companies posted their latest quarterly results between last evening and this morning. The bulk of announcements were better-than-expected, which helped drive broad-based buying. Industry heavyweights 3M (MMM 69.43, +4.76), Qualcomm (QCOM 47.40, -1.05), AT&T (T 25.48, +0.64), Ford (F 6.98, +0.60), SanDisk (SNDK 16.92, -2.07), eBay (EBAY 21.52, +2.07), and Diamond Offshore (DO 92.28, +4.38) all topped Wall Street's earnings estimates. However, each of those companies saw a decline in revenue, which suggests that companies are relying on cost cuts and demand has yet to fully stabilize.
Nonetheless, the Dow finished at its best level since January and the S&P 500 finished at its highest point since November. The Nasdaq last traded at its current level in October. What's more, the Nasdaq has finished higher in each of the last 12 sessions; it hasn't accomplished such a feat since 1992 when it gained in 13 straight sessions, according to CNBC.
Small- and mid-caps have also benefited from the broader market's recent bullish bias. In turn, the Russell 2000 is at its best level since November and the S&P 400 is back at levels not seen since October.
Medarex (MEDX 15.89, +7.49) led this session's advance by small-caps. Bristol-Myers Squibb (BMY 20.86, +0.57) agreed to acquire the company for $16.00 per share in cash. Bristol-Myers also unveiled better-than-expected earnings for its latest quarter and issued upside guidance for fiscal 2009.
Tupperware Brands (TUP 35.00, +4.25) was a primary leader among mid-caps after posting a positive earnings surprise of its own.
Commodities also benefited from broad-based buying, which pushed the CRB Commodity Index 1.8% higher in its best percentage gain since mid-June.
Amid participants' willingness to move into riskier holdings, Treasuries fell sharply out of favor. That pushed the benchmark 10-year Note nearly one point lower and lifted its yield back toward 3.7%. At its low, the yield on the Note was above 3.7%, which marked a high for this month.
There were only a couple of economic releases out this morning. Neither had a significant impact on trading. Initial jobless claims for the week ending July 18 totaled 554,000, which was up from the previous week, but essentially in-line with expectations. Meanwhile, continuing claims fell for a second straight week by coming in at 6.225 million. The surprise decline is being treated with caution since many suspect that the retreat in continuing claims was only the result of exhausted unemployment benefits.
In other economic news, existing home sales increased for the third straight month by coming in at an annual rate of 4.89 million units during June. That reflects a 3.6% month-over-month increase, which is the best monthly change since a 4.9% increase in February.
Nasdaq +47.22 at 1973.60... S&P Midcap 400 +2.8... NYSE Adv/Dec 2155/199... Nasdaq Adv/Dec 2085/635.
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:
Apple AAPL 7/21
Advanced Micro Devices AMD 7/21
Merck MRK 7/21
Starbucks SBUX 7/21
Yahoo YHOO 7/21
Eli Lilly ELY 7/22 8am
PepsiCo PEP 7/22 8am
Pfizer PFE 7/22 8am
Boeing BA 7/22 8am
U.S Bancorp USB 7/22 8am
Wells Fargo WFC 7/22 8am
Ebay EBAY 7/22 4pm
Qualcomm QCOM 7/22 4pm
SanDisk SNDK 7/22 4pm
AT&T T 7/23 8am
Chicago Mercantile Exchange CME 7/23 8am
Potash POT 7/23 8am
United Parcel Service UPS 7/23 8am
McDonald's MCD 7/23 8am
Ford F 7/23 8am
American Express AXP 7/23 4pm
Broadcom BRCM 7/23 4pm
Microsoft MSFT 7/23 4pm
Netflix NFLX 7/23 4pm
Amazon AMZN 7/23 4pm
Baidu BIDU 7/24 8am
Amgen AMGN 7/27 4pm
United Steel X 7/28 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.
Mark Buehrle throws 18th perfect game in MLB history !!
Mark Buehrle joined an elite group of pitchers against the Rays in a 5-0 victory Thursday. The southpaw became the first to deal perfection since Randy Johnson in 2004. Congratulations! to Mark Buehrle and the Chicago White Sox for throwing a perfect game!!
July 23, 2009 -- 16:30 ET
Moving the Market:
Earnings remain in focus; results this morning support positive bid for stock futures. Initial weekly jobless claims increase from prior week, but remain in-line with expectations; continuing claims fall more than expected. Existing home sales for June increase in-line with expectations
Sector Watch:
Strong:
casinos and gaming; automakers; trucking; building products; industrial REITs; human resources and employment services
Weak:
food retailers; health care tech; restaurants; electronic equipment; residential and construction services; special construction services
Market Events:
07/23/09 16:30 ET Dow +188.03 at 9069.29, Nasdaq +47.22 at 1973.60, S&P +22.22 at 976.29:
[BRIEFING.COM] Broad-based buying on the back of a large batch of better-than-expected earnings announcements sent all three major indices to their best levels in months. Though most of the move came in the first half of the session, stocks were able to hold steady in the afternoon and close just off of session highs.
Gains were strongest among materials stocks. Strong results from Mosaic (MOS 51.45, +3.03) won its shares support and helped lift the materials sector 3.4%, more than any other major sector in the S&P 500.
Financial stocks also made strong gains, though they were actually laggards in the early going. Large diversified banks (+0.1%) underperformed, but a positive reaction to the latest quarterly report from regional lender Fifth Third (FITB 8.01, +1.00) helped give the financial sector a 3.0% gain.
More than 150 companies posted their latest quarterly results between last evening and this morning. The bulk of announcements were better-than-expected, which helped drive broad-based buying. Industry heavyweights 3M (MMM 69.43, +4.76), Qualcomm (QCOM 47.40, -1.05), AT&T (T 25.48, +0.64), Ford (F 6.98, +0.60), SanDisk (SNDK 16.92, -2.07), eBay (EBAY 21.52, +2.07), and Diamond Offshore (DO 92.28, +4.38) all topped Wall Street's earnings estimates. However, each of those companies saw a decline in revenue, which suggests that companies are relying on cost cuts and demand has yet to fully stabilize.
Nonetheless, the Dow finished at its best level since January and the S&P 500 finished at its highest point since November. The Nasdaq last traded at its current level in October. What's more, the Nasdaq has finished higher in each of the last 12 sessions; it hasn't accomplished such a feat since 1992 when it gained in 13 straight sessions, according to CNBC.
Small- and mid-caps have also benefited from the broader market's recent bullish bias. In turn, the Russell 2000 is at its best level since November and the S&P 400 is back at levels not seen since October.
Medarex (MEDX 15.89, +7.49) led this session's advance by small-caps. Bristol-Myers Squibb (BMY 20.86, +0.57) agreed to acquire the company for $16.00 per share in cash. Bristol-Myers also unveiled better-than-expected earnings for its latest quarter and issued upside guidance for fiscal 2009.
Tupperware Brands (TUP 35.00, +4.25) was a primary leader among mid-caps after posting a positive earnings surprise of its own.
Commodities also benefited from broad-based buying, which pushed the CRB Commodity Index 1.8% higher in its best percentage gain since mid-June.
Amid participants' willingness to move into riskier holdings, Treasuries fell sharply out of favor. That pushed the benchmark 10-year Note nearly one point lower and lifted its yield back toward 3.7%. At its low, the yield on the Note was above 3.7%, which marked a high for this month.
There were only a couple of economic releases out this morning. Neither had a significant impact on trading. Initial jobless claims for the week ending July 18 totaled 554,000, which was up from the previous week, but essentially in-line with expectations. Meanwhile, continuing claims fell for a second straight week by coming in at 6.225 million. The surprise decline is being treated with caution since many suspect that the retreat in continuing claims was only the result of exhausted unemployment benefits.
In other economic news, existing home sales increased for the third straight month by coming in at an annual rate of 4.89 million units during June. That reflects a 3.6% month-over-month increase, which is the best monthly change since a 4.9% increase in February.
Nasdaq +47.22 at 1973.60... S&P Midcap 400 +2.8... NYSE Adv/Dec 2155/199... Nasdaq Adv/Dec 2085/635.
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:
Apple AAPL 7/21
Advanced Micro Devices AMD 7/21
Merck MRK 7/21
Starbucks SBUX 7/21
Yahoo YHOO 7/21
Eli Lilly ELY 7/22 8am
PepsiCo PEP 7/22 8am
Pfizer PFE 7/22 8am
Boeing BA 7/22 8am
U.S Bancorp USB 7/22 8am
Wells Fargo WFC 7/22 8am
Ebay EBAY 7/22 4pm
Qualcomm QCOM 7/22 4pm
SanDisk SNDK 7/22 4pm
AT&T T 7/23 8am
Chicago Mercantile Exchange CME 7/23 8am
Potash POT 7/23 8am
United Parcel Service UPS 7/23 8am
McDonald's MCD 7/23 8am
Ford F 7/23 8am
American Express AXP 7/23 4pm
Broadcom BRCM 7/23 4pm
Microsoft MSFT 7/23 4pm
Netflix NFLX 7/23 4pm
Amazon AMZN 7/23 4pm
Baidu BIDU 7/24 8am
Amgen AMGN 7/27 4pm
United Steel X 7/28 8am
Reuters News:
Wednesday, July 22, 2009
Update 07/22/09 - 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:
July 22, 2009 -- 16:15 ET
Moving the Market:
Earnings remain in focus, but participants show continued signs of willingness to sell positive announcements. Lower oil prices undercut energy stocks.
Sector Watch:
Strong:
homebuilding; construction materials; general merchandisers; consumer electronics; automakers; apparel and accessories; autoparts and equipment
Weak:
household appliances; steel; diversified banks; coal and consumable fuel; oil and gas drillers; oil and gas equipment; health care equipment; biotech
Market Events:
07/22/09 16:15 ET Dow -34.68 at 8881.26, Nasdaq +10.18 at 1926.38, S&P -0.51 at 954.07:
[BRIEFING.COM] The S&P 500 saw its winning streak come to an end by logging a fractional loss amid mixed trading, but continued strength among large-cap tech helped the Nasdaq successfully log its eleventh straight advance.
Apple (AAPL 156.74, +5.23) helped win additional favor for tech issues by posting better-than-expected earnings of $1.35 per share, which is $0.18 better than analysts had come to expect. The company did issue a rather conservative outlook, but Apple has made a habit of that practice and then over delivering.
Better-than-expected earnings headlines from major financial players during recent weeks have many investors looking for earnings of a higher quality and an optimistic outlook. In turn, better-than-expected earnings from Wells Fargo (WFC 24.45, -0.90) were partly overshadowed by news that the company's revenues fell short of the consensus and net charge-offs increased markedly to almost $4.4 billion.
Commentary from several earnings and conference calls helped garner support for the financial sector and turn a near 2% loss into a respectable gain. However, the rebound proved unsustainable and financials finished with a 0.2% loss.
Health care also finished lower. It shed 0.6% even though Eli Lilly (LLY 33.79, -0.66) and Pfizer (PFE 15.87, +0.17) both posted upside earnings surprises.
More than 150 companies are expected to announce their latest quarterly results between this evening and Thursday's opening bell.
Energy stocks lagged for the entire session and finished with a 1.0% loss, more than any other sector. Without any major oil companies announcing their latest results, participants generally took their cues from energy contracts. Crude oil futures prices finished 0.4% lower at $65.36 per barrel. Still, that is well above the near 2% loss that oil traded with in early pit trade. A smaller-than-expected draw in weekly inventories seemed to stymie a push into positive territory, though.
Fed Chairman Bernanke testified today before the Senate Banking Committee, but stocks were unaffected by the speech since his comments reflected those previously presented. There weren't any major economic releases out, but stocks did have a modestly, though briefly sustained, positive reaction to news that home prices made a surprise increase in May. Home prices had slid in each of the two preceding months.
Nasdaq +10.18 at 1926.38... S&P Midcap 400 +0.4... NYSE Adv/Dec 1701/1293... Nasdaq Adv/Dec 1600/1022.
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:
Apple AAPL 7/21
Advanced Micro Devices AMD 7/21
Merck MRK 7/21
Starbucks SBUX 7/21
Yahoo YHOO 7/21
Eli Lilly ELY 7/22 8am
PepsiCo PEP 7/22 8am
Pfizer PFE 7/22 8am
Boeing BA 7/22 8am
U.S Bancorp USB 7/22 8am
Wells Fargo WFC 7/22 8am
Ebay EBAY 7/22 4pm
Qualcomm QCOM 7/22 4pm
SanDisk SNDK 7/22 4pm
AT&T T 7/23 8am
Chicago Mercantile Exchange CME 7/23 8am
Potash POT 7/23 8am
United Parcel Service UPS 7/23 8am
McDonald's MCD 7/23 8am
Ford F 7/23 8am
American Express AXP 7/23 4pm
Broadcom BRCM 7/23 4pm
Microsoft MSFT 7/23 4pm
Netflix NFLX 7/23 4pm
Amazon AMZN 7/23 4pm
Baidu BIDU 7/24 8am
Amgen AMGN 7/27 4pm
United Steel X 7/28 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:
July 22, 2009 -- 16:15 ET
Moving the Market:
Earnings remain in focus, but participants show continued signs of willingness to sell positive announcements. Lower oil prices undercut energy stocks.
Sector Watch:
Strong:
homebuilding; construction materials; general merchandisers; consumer electronics; automakers; apparel and accessories; autoparts and equipment
Weak:
household appliances; steel; diversified banks; coal and consumable fuel; oil and gas drillers; oil and gas equipment; health care equipment; biotech
Market Events:
07/22/09 16:15 ET Dow -34.68 at 8881.26, Nasdaq +10.18 at 1926.38, S&P -0.51 at 954.07:
[BRIEFING.COM] The S&P 500 saw its winning streak come to an end by logging a fractional loss amid mixed trading, but continued strength among large-cap tech helped the Nasdaq successfully log its eleventh straight advance.
Apple (AAPL 156.74, +5.23) helped win additional favor for tech issues by posting better-than-expected earnings of $1.35 per share, which is $0.18 better than analysts had come to expect. The company did issue a rather conservative outlook, but Apple has made a habit of that practice and then over delivering.
Better-than-expected earnings headlines from major financial players during recent weeks have many investors looking for earnings of a higher quality and an optimistic outlook. In turn, better-than-expected earnings from Wells Fargo (WFC 24.45, -0.90) were partly overshadowed by news that the company's revenues fell short of the consensus and net charge-offs increased markedly to almost $4.4 billion.
Commentary from several earnings and conference calls helped garner support for the financial sector and turn a near 2% loss into a respectable gain. However, the rebound proved unsustainable and financials finished with a 0.2% loss.
Health care also finished lower. It shed 0.6% even though Eli Lilly (LLY 33.79, -0.66) and Pfizer (PFE 15.87, +0.17) both posted upside earnings surprises.
More than 150 companies are expected to announce their latest quarterly results between this evening and Thursday's opening bell.
Energy stocks lagged for the entire session and finished with a 1.0% loss, more than any other sector. Without any major oil companies announcing their latest results, participants generally took their cues from energy contracts. Crude oil futures prices finished 0.4% lower at $65.36 per barrel. Still, that is well above the near 2% loss that oil traded with in early pit trade. A smaller-than-expected draw in weekly inventories seemed to stymie a push into positive territory, though.
Fed Chairman Bernanke testified today before the Senate Banking Committee, but stocks were unaffected by the speech since his comments reflected those previously presented. There weren't any major economic releases out, but stocks did have a modestly, though briefly sustained, positive reaction to news that home prices made a surprise increase in May. Home prices had slid in each of the two preceding months.
Nasdaq +10.18 at 1926.38... S&P Midcap 400 +0.4... NYSE Adv/Dec 1701/1293... Nasdaq Adv/Dec 1600/1022.
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:
Apple AAPL 7/21
Advanced Micro Devices AMD 7/21
Merck MRK 7/21
Starbucks SBUX 7/21
Yahoo YHOO 7/21
Eli Lilly ELY 7/22 8am
PepsiCo PEP 7/22 8am
Pfizer PFE 7/22 8am
Boeing BA 7/22 8am
U.S Bancorp USB 7/22 8am
Wells Fargo WFC 7/22 8am
Ebay EBAY 7/22 4pm
Qualcomm QCOM 7/22 4pm
SanDisk SNDK 7/22 4pm
AT&T T 7/23 8am
Chicago Mercantile Exchange CME 7/23 8am
Potash POT 7/23 8am
United Parcel Service UPS 7/23 8am
McDonald's MCD 7/23 8am
Ford F 7/23 8am
American Express AXP 7/23 4pm
Broadcom BRCM 7/23 4pm
Microsoft MSFT 7/23 4pm
Netflix NFLX 7/23 4pm
Amazon AMZN 7/23 4pm
Baidu BIDU 7/24 8am
Amgen AMGN 7/27 4pm
United Steel X 7/28 8am
Reuters News:
Tuesday, July 21, 2009
SPY QQQQ DIA GLD OIL AAPL update 07/21/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more...
July 21, 2009 -- 16:30 ET Dow +67.8 at 8915.9, Nasdaq +6.9 at 1916.2, S&P +3.5 at 954.6:
Moving the Market:
Caterpillar's Q2 earnings easily beat consensus expectations. Texas Instrument's beats earnings and revenue consenus; issues upside Q3 guidance. China stocks slide 1.6%, biggest drop in 5 weeks. Ben Bernanke Addresses Congress on Monetary Policy.
Sector Watch:
Strong:
Materials; Industrials; Heathcare
Weak:
Retail; Financials
Market Events:
07/21/09 16:30 ET Dow +67.8 at 8915.9, Nasdaq +6.9 at 1916.2, S&P +3.5 at 954.6: [BRIEFING.COM] As the quantity of earnings releases steadily builds, the market has become increasingly acclimated with the trend that many companies have had little trouble topping analyst s more conservative expectations. After another round of generally solid earnings reports, the market had a more muted response today, but still managed to close out with modest gains. It took a late day rally to move the averages into positive territory, but the higher finish extends the Nasdaq s winning streak to ten straight sessions.
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:
Apple AAPL 7/21
Advanced Micro Devices AMD 7/21
Merck MRK 7/21
Starbucks SBUX 7/21
Yahoo YHOO 7/21
Eli Lilly ELY 7/22 8am
PepsiCo PEP 7/22 8am
Pfizer PFE 7/22 8am
Boeing BA 7/22 8am
U.S Bancorp USB 7/22 8am
Wells Fargo WFC 7/22 8am
Ebay EBAY 7/22 4pm
Qualcomm QCOM 7/22 4pm
SanDisk SNDK 7/22 4pm
AT&T T 7/23 8am
Chicago Mercantile Exchange CME 7/23 8am
Potash POT 7/23 8am
United Parcel Service UPS 7/23 8am
McDonald's MCD 7/23 8am
Ford F 7/23 8am
American Express AXP 7/23 4pm
Broadcom BRCM 7/23 4pm
Microsoft MSFT 7/23 4pm
Netflix NFLX 7/23 4pm
Amazon AMZN 7/23 4pm
Baidu BIDU 7/24 8am
Amgen AMGN 7/27 4pm
United Steel X 7/28 8am
CNBC:
Reuters News:
July 21, 2009 -- 16:30 ET Dow +67.8 at 8915.9, Nasdaq +6.9 at 1916.2, S&P +3.5 at 954.6:
Moving the Market:
Caterpillar's Q2 earnings easily beat consensus expectations. Texas Instrument's beats earnings and revenue consenus; issues upside Q3 guidance. China stocks slide 1.6%, biggest drop in 5 weeks. Ben Bernanke Addresses Congress on Monetary Policy.
Sector Watch:
Strong:
Materials; Industrials; Heathcare
Weak:
Retail; Financials
Market Events:
07/21/09 16:30 ET Dow +67.8 at 8915.9, Nasdaq +6.9 at 1916.2, S&P +3.5 at 954.6: [BRIEFING.COM] As the quantity of earnings releases steadily builds, the market has become increasingly acclimated with the trend that many companies have had little trouble topping analyst s more conservative expectations. After another round of generally solid earnings reports, the market had a more muted response today, but still managed to close out with modest gains. It took a late day rally to move the averages into positive territory, but the higher finish extends the Nasdaq s winning streak to ten straight sessions.
The company that captured the most headlines due to the magnitude of its earnings beat was Caterpillar (CAT 39.46 +2.81). The world s largest agriculture equipment maker, and Dow component, reported second quarter earnings per share of $0.72, which was a stunning $0.50 better than consensus estimates. Caterpillar also provided a more optimistic view of its near-term prospects, by stating, There is still a great deal of economic uncertainty in the world, but we are seeing signs of stabilization that we hope will set the foundation for an eventual recovery. Credit markets have improved significantly. Fiscal policy and monetary stimulus have been introduced around the world, and we are seeing signs, particularly in China, that they are beginning to work.
Evidence that the market may be becoming somewhat apathetic to the better-than-expected earnings results, is that shares of Texas Instruments (TXN 23.07 -0.54) finished lower by 2.5%, even though the chip maker reported what appeared to be one of its strongest quarters in recent history last night (relative to consensus). After fellow semiconductor bellwether Intel (INTC 18.90 +0.00) reported upside results on July 14th, Texas Instruments expectations as well as its share price increased to the point where the upside potential vanished as the surprise factor faded.
In addition to key corporate earnings reports, participants paid close attention to Fed Chairman Ben Bernanke s testimony to Congress, with text from his speech hitting the wires at around 10:00ET. While there didn t appear to be any new revelations from the script, the overall tone seemed cautious, which may have subdued some of the optimism that has characterized the market recently. Specifically, Mr. Bernanke stated that despite some positive signs, the rate of job loss remains high and the unemployment rate has continued its steep rise. The recovery is expected to be gradual in 2010, with some acceleration in activity in 2011. Although the unemployment rate is projected to peak at the end of this year, the projected declines in 2010 and 2011 would still leave unemployment well above FOMC participants' views of the longer-run sustainable rate.
Tomorrow will be a very busy day in terms of earnings releases, with several closely followed names set to report, including Morgan Stanley (MS 27.56 -0.78), Wells Fargo (WFC 25.35 -0.17), Mosaic (MOS 49.13 +0.01), Qualcomm (QCOM 47.98 +0.95), and Boeing (BA 43.02 +0.82). The economic calendar is fairly light, although crude inventories are scheduled to be released at 10:30 ET, and Fed Chairman Bernanke will again be in front of Congress discussing monetary policy.
Nasdaq +6.9 at 1916.2... NYSE Adv/Dec 1609/1387... Nasdaq Adv/Dec 1134/1475.
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:
Apple AAPL 7/21
Advanced Micro Devices AMD 7/21
Merck MRK 7/21
Starbucks SBUX 7/21
Yahoo YHOO 7/21
Eli Lilly ELY 7/22 8am
PepsiCo PEP 7/22 8am
Pfizer PFE 7/22 8am
Boeing BA 7/22 8am
U.S Bancorp USB 7/22 8am
Wells Fargo WFC 7/22 8am
Ebay EBAY 7/22 4pm
Qualcomm QCOM 7/22 4pm
SanDisk SNDK 7/22 4pm
AT&T T 7/23 8am
Chicago Mercantile Exchange CME 7/23 8am
Potash POT 7/23 8am
United Parcel Service UPS 7/23 8am
McDonald's MCD 7/23 8am
Ford F 7/23 8am
American Express AXP 7/23 4pm
Broadcom BRCM 7/23 4pm
Microsoft MSFT 7/23 4pm
Netflix NFLX 7/23 4pm
Amazon AMZN 7/23 4pm
Baidu BIDU 7/24 8am
Amgen AMGN 7/27 4pm
United Steel X 7/28 8am
CNBC:
Reuters News:
Saturday, July 18, 2009
Weekly Market Update 07/18/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more...
July 17, 2009 -- 16:30 ET Dow +32.12 at 8743.94, Nasdaq +1.58 at 1886.61, S&P -0.36 at 940.38:
Moving the Market:
Participants take a breather after watching the S&P 500 and Dow make their best run in months, while the Nasdaq has made its longest positive run in more than one year. General Electric, Bank of America, IBM, Google all post positive headline numbers.
Sector Watch:
Strong:
leisure products; consumer electronics; diversified metals and mining companies; computer hardware; IT consulting and services; homebuilding; home furnishing; drug retailers; tobacco
Weak:
industrial conglomerates; retail REITs; regional banks; diversified REITs; hotels; residential REITs; home entertainment software; health care facilities
07/17/09 Market Events:
16:30 ET Dow +32.12 at 8743.94, Nasdaq +1.58 at 1886.61, S&P -0.36 at 940.38:
[BRIEFING.COM] Better-than-expected earnings from industry majors and economic bellwethers like IBM (IBM 115.42, +4.78), Google (GOOG 430.25, -12.35), Bank of America (BAC 12.89, -0.28), Citigroup (C 3.02, -0.01), and General Electric (GE 11.65, -0.75) couldn't dissuade participants from taking a breather after the stock market's recent run. That led to a fractional loss for the S&P 500, its first in five sessions, but the Dow was able to log its fifth straight gain while the Nasdaq made its eighth straight advance.
Even as participants digested earnings reports from several widely held companies stocks traded listlessly within a narrow trading range of just seven points. However, the sideways action did help the S&P 500 succeed in making its first weekly advance in more than one month. It climbed 7% this week.
Not even options expirations could induce volatility. Expected volatility also remains low, which has the Volatility Index, or VIX, trading below 25, near 10-month lows.
Trading volume didn't really pick up as a result of options expirations, either. Fewer than 1 billion shares exchanged hands on the NYSE this session. That's well below the 50-day moving average of 1.3 billion.
Tech was the session's best performing sector. It advanced 1.0% amid follow-through buying. The sector's strength started early this week when a thoroughly impressive report from Intel (INTC 18.79, +0.29) attracted buyers. Many pundits believe that continued strength among tech stocks will provide the leadership necessary to take the broader market higher. The stock market has already climbed to its best level in one month.
On an individual basis, some of this session's best gains were had by CIT Group (CIT 0.70, +0.29), which surged amid reports that the company is in talks to stave off bankruptcy by securing financing with Goldman Sachs (GS 156.84, unch.) and JPMorgan Chase (JPM 36.89, +0.76).
Homebuilders (+2.3%) and home improvement retailers (+1.3%) made solid gains of their own amid news that housing starts and building permits data for June came in higher than expected. Still, annualized starts of 582,000 are roughly half of what they were one year ago.
On the other side of things, industrials showed weakness for the entire session. They finished with a 1.5% loss, worse than any other major sector.
Nasdaq +1.58 at 1886.61... S&P Midcap 400 -0.3... NYSE Adv/Dec 1438/1499... Nasdaq Adv/Dec 1097/1534.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
CNBC Videos:
Word on the Street:
The Week that Was:
The Week Ahead:
Reuters News:
July 17, 2009 -- 16:30 ET Dow +32.12 at 8743.94, Nasdaq +1.58 at 1886.61, S&P -0.36 at 940.38:
Moving the Market:
Participants take a breather after watching the S&P 500 and Dow make their best run in months, while the Nasdaq has made its longest positive run in more than one year. General Electric, Bank of America, IBM, Google all post positive headline numbers.
Sector Watch:
Strong:
leisure products; consumer electronics; diversified metals and mining companies; computer hardware; IT consulting and services; homebuilding; home furnishing; drug retailers; tobacco
Weak:
industrial conglomerates; retail REITs; regional banks; diversified REITs; hotels; residential REITs; home entertainment software; health care facilities
07/17/09 Market Events:
16:30 ET Dow +32.12 at 8743.94, Nasdaq +1.58 at 1886.61, S&P -0.36 at 940.38:
[BRIEFING.COM] Better-than-expected earnings from industry majors and economic bellwethers like IBM (IBM 115.42, +4.78), Google (GOOG 430.25, -12.35), Bank of America (BAC 12.89, -0.28), Citigroup (C 3.02, -0.01), and General Electric (GE 11.65, -0.75) couldn't dissuade participants from taking a breather after the stock market's recent run. That led to a fractional loss for the S&P 500, its first in five sessions, but the Dow was able to log its fifth straight gain while the Nasdaq made its eighth straight advance.
Even as participants digested earnings reports from several widely held companies stocks traded listlessly within a narrow trading range of just seven points. However, the sideways action did help the S&P 500 succeed in making its first weekly advance in more than one month. It climbed 7% this week.
Not even options expirations could induce volatility. Expected volatility also remains low, which has the Volatility Index, or VIX, trading below 25, near 10-month lows.
Trading volume didn't really pick up as a result of options expirations, either. Fewer than 1 billion shares exchanged hands on the NYSE this session. That's well below the 50-day moving average of 1.3 billion.
Tech was the session's best performing sector. It advanced 1.0% amid follow-through buying. The sector's strength started early this week when a thoroughly impressive report from Intel (INTC 18.79, +0.29) attracted buyers. Many pundits believe that continued strength among tech stocks will provide the leadership necessary to take the broader market higher. The stock market has already climbed to its best level in one month.
On an individual basis, some of this session's best gains were had by CIT Group (CIT 0.70, +0.29), which surged amid reports that the company is in talks to stave off bankruptcy by securing financing with Goldman Sachs (GS 156.84, unch.) and JPMorgan Chase (JPM 36.89, +0.76).
Homebuilders (+2.3%) and home improvement retailers (+1.3%) made solid gains of their own amid news that housing starts and building permits data for June came in higher than expected. Still, annualized starts of 582,000 are roughly half of what they were one year ago.
On the other side of things, industrials showed weakness for the entire session. They finished with a 1.5% loss, worse than any other major sector.
Nasdaq +1.58 at 1886.61... S&P Midcap 400 -0.3... NYSE Adv/Dec 1438/1499... Nasdaq Adv/Dec 1097/1534.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
CNBC Videos:
Word on the Street:
The Week that Was:
The Week Ahead:
Reuters News:
Friday, July 17, 2009
Weekly Market Update 07/17/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more... I am working on the extended video now please check back later...
July 17, 2009 -- 16:30 ET Dow +32.12 at 8743.94, Nasdaq +1.58 at 1886.61, S&P -0.36 at 940.38:
Moving the Market:
Participants take a breather after watching the S&P 500 and Dow make their best run in months, while the Nasdaq has made its longest positive run in more than one year. General Electric, Bank of America, IBM, Google all post positive headline numbers.
Sector Watch:
Strong:
leisure products; consumer electronics; diversified metals and mining companies; computer hardware; IT consulting and services; homebuilding; home furnishing; drug retailers; tobacco
Weak:
industrial conglomerates; retail REITs; regional banks; diversified REITs; hotels; residential REITs; home entertainment software; health care facilities
07/17/09 Market Events:
16:30 ET Dow +32.12 at 8743.94, Nasdaq +1.58 at 1886.61, S&P -0.36 at 940.38:
[BRIEFING.COM] Better-than-expected earnings from industry majors and economic bellwethers like IBM (IBM 115.42, +4.78), Google (GOOG 430.25, -12.35), Bank of America (BAC 12.89, -0.28), Citigroup (C 3.02, -0.01), and General Electric (GE 11.65, -0.75) couldn't dissuade participants from taking a breather after the stock market's recent run. That led to a fractional loss for the S&P 500, its first in five sessions, but the Dow was able to log its fifth straight gain while the Nasdaq made its eighth straight advance.
Even as participants digested earnings reports from several widely held companies stocks traded listlessly within a narrow trading range of just seven points. However, the sideways action did help the S&P 500 succeed in making its first weekly advance in more than one month. It climbed 7% this week.
Not even options expirations could induce volatility. Expected volatility also remains low, which has the Volatility Index, or VIX, trading below 25, near 10-month lows.
Trading volume didn't really pick up as a result of options expirations, either. Fewer than 1 billion shares exchanged hands on the NYSE this session. That's well below the 50-day moving average of 1.3 billion.
Tech was the session's best performing sector. It advanced 1.0% amid follow-through buying. The sector's strength started early this week when a thoroughly impressive report from Intel (INTC 18.79, +0.29) attracted buyers. Many pundits believe that continued strength among tech stocks will provide the leadership necessary to take the broader market higher. The stock market has already climbed to its best level in one month.
On an individual basis, some of this session's best gains were had by CIT Group (CIT 0.70, +0.29), which surged amid reports that the company is in talks to stave off bankruptcy by securing financing with Goldman Sachs (GS 156.84, unch.) and JPMorgan Chase (JPM 36.89, +0.76).
Homebuilders (+2.3%) and home improvement retailers (+1.3%) made solid gains of their own amid news that housing starts and building permits data for June came in higher than expected. Still, annualized starts of 582,000 are roughly half of what they were one year ago.
On the other side of things, industrials showed weakness for the entire session. They finished with a 1.5% loss, worse than any other major sector.
Nasdaq +1.58 at 1886.61... S&P Midcap 400 -0.3... NYSE Adv/Dec 1438/1499... Nasdaq Adv/Dec 1097/1534.
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Reuters News:
July 17, 2009 -- 16:30 ET Dow +32.12 at 8743.94, Nasdaq +1.58 at 1886.61, S&P -0.36 at 940.38:
Moving the Market:
Participants take a breather after watching the S&P 500 and Dow make their best run in months, while the Nasdaq has made its longest positive run in more than one year. General Electric, Bank of America, IBM, Google all post positive headline numbers.
Sector Watch:
Strong:
leisure products; consumer electronics; diversified metals and mining companies; computer hardware; IT consulting and services; homebuilding; home furnishing; drug retailers; tobacco
Weak:
industrial conglomerates; retail REITs; regional banks; diversified REITs; hotels; residential REITs; home entertainment software; health care facilities
07/17/09 Market Events:
16:30 ET Dow +32.12 at 8743.94, Nasdaq +1.58 at 1886.61, S&P -0.36 at 940.38:
[BRIEFING.COM] Better-than-expected earnings from industry majors and economic bellwethers like IBM (IBM 115.42, +4.78), Google (GOOG 430.25, -12.35), Bank of America (BAC 12.89, -0.28), Citigroup (C 3.02, -0.01), and General Electric (GE 11.65, -0.75) couldn't dissuade participants from taking a breather after the stock market's recent run. That led to a fractional loss for the S&P 500, its first in five sessions, but the Dow was able to log its fifth straight gain while the Nasdaq made its eighth straight advance.
Even as participants digested earnings reports from several widely held companies stocks traded listlessly within a narrow trading range of just seven points. However, the sideways action did help the S&P 500 succeed in making its first weekly advance in more than one month. It climbed 7% this week.
Not even options expirations could induce volatility. Expected volatility also remains low, which has the Volatility Index, or VIX, trading below 25, near 10-month lows.
Trading volume didn't really pick up as a result of options expirations, either. Fewer than 1 billion shares exchanged hands on the NYSE this session. That's well below the 50-day moving average of 1.3 billion.
Tech was the session's best performing sector. It advanced 1.0% amid follow-through buying. The sector's strength started early this week when a thoroughly impressive report from Intel (INTC 18.79, +0.29) attracted buyers. Many pundits believe that continued strength among tech stocks will provide the leadership necessary to take the broader market higher. The stock market has already climbed to its best level in one month.
On an individual basis, some of this session's best gains were had by CIT Group (CIT 0.70, +0.29), which surged amid reports that the company is in talks to stave off bankruptcy by securing financing with Goldman Sachs (GS 156.84, unch.) and JPMorgan Chase (JPM 36.89, +0.76).
Homebuilders (+2.3%) and home improvement retailers (+1.3%) made solid gains of their own amid news that housing starts and building permits data for June came in higher than expected. Still, annualized starts of 582,000 are roughly half of what they were one year ago.
On the other side of things, industrials showed weakness for the entire session. They finished with a 1.5% loss, worse than any other major sector.
Nasdaq +1.58 at 1886.61... S&P Midcap 400 -0.3... NYSE Adv/Dec 1438/1499... Nasdaq Adv/Dec 1097/1534.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
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Thursday, July 16, 2009
SPY QQQQ DIA GLD OIL AAPL update 07/16/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more...
CNBC:
July 16, 2009 -- 16:20 ET Dow +95.61 at 8711.82, Nasdaq +22.13 at 1885.03, S&P +8.06 at 940.74:
Moving the Market:
JPMorgan Chase tops earnings estimates with ease, but the report isn't enough to convince buyers to extend their efforts. Weekly jobless claims and continuing claims make surprising decline.
Sector Watch:
Strong:
casinos and gaming; coal and consumable fuel; household appliances; diversified metals and miners; health care tech; consumer finance
Weak:
hotels; specialized finance; thrifts and mortgage companies
Market Events:
07/16/09 16:20 ET Dow +95.61 at 8711.82, Nasdaq +22.13 at 1885.03, S&P +8.06 at 940.74:
[BRIEFING.COM] Stocks spent most of the session moving sideways in choppy fashion as participants allowed the heady gains from earlier this week to consolidate. However, follow-through buying in tech helped offset weakness among financials and helped hand stocks another positive finish.
Financial stocks failed to provide leadership as participants took a breather after watching the sector climb more than 10% during the three previous sessions. That run left the sector looking ripe for some profit taking since it seemed that good news was largely priced into the sector. In turn, JPMorgan Chase (JPM 36.13, -0.13) grappled with selling pressure for virtually the entire session, even though it posted this morning better-than-expected second quarter earnings. Still, the sector was able to recover from a near 2% loss to finish with a modest 0.2% loss.
CNBC:
July 16, 2009 -- 16:20 ET Dow +95.61 at 8711.82, Nasdaq +22.13 at 1885.03, S&P +8.06 at 940.74:
Moving the Market:
JPMorgan Chase tops earnings estimates with ease, but the report isn't enough to convince buyers to extend their efforts. Weekly jobless claims and continuing claims make surprising decline.
Sector Watch:
Strong:
casinos and gaming; coal and consumable fuel; household appliances; diversified metals and miners; health care tech; consumer finance
Weak:
hotels; specialized finance; thrifts and mortgage companies
Market Events:
07/16/09 16:20 ET Dow +95.61 at 8711.82, Nasdaq +22.13 at 1885.03, S&P +8.06 at 940.74:
[BRIEFING.COM] Stocks spent most of the session moving sideways in choppy fashion as participants allowed the heady gains from earlier this week to consolidate. However, follow-through buying in tech helped offset weakness among financials and helped hand stocks another positive finish.
Financial stocks failed to provide leadership as participants took a breather after watching the sector climb more than 10% during the three previous sessions. That run left the sector looking ripe for some profit taking since it seemed that good news was largely priced into the sector. In turn, JPMorgan Chase (JPM 36.13, -0.13) grappled with selling pressure for virtually the entire session, even though it posted this morning better-than-expected second quarter earnings. Still, the sector was able to recover from a near 2% loss to finish with a modest 0.2% loss.
Other earnings announcements this morning were mixed. Global handset maker Nokia (NOK 13.46, -2.22) posted in-line earnings, but expects 2009 industry volumes to decline approximately 10% from 2008 levels. Baxter International (BAX 54.74, +1.65) topped earnings estimates. Marriott (MAR 20.44, -1.36) did, too, but it issued downside guidance.
Tech gets credit for providing a boon to the broader market. While the major indices were stuck in sideways movement, tech saw some follow-through from the previous session's advance and logged a 1.7% gain. What's more, many tech issues that typically lag were able garner continued support, which supports the notion that the market's overall bias has improved.
Typical tech leaders IBM (IBM 110.64, +3.42) and Google (GOOG 442.60, +4.43) were able to garner support of their own. Both companies reported their latest quarterly results after the closing bell (Note: Both firms announced earnings that topped expectations within minutes of the close). Bank of America (BAC 13.17, -0.25), Citigroup (C 3.03, -0.14), and General Electric (GE 12.40, +0.16) all report Friday morning.
With tech looking strong and buyers willing to step in, the Nasdaq registered its seventh straight gain. Such a feat hasn't been made in more than one year. Meanwhile, the S&P 500 and the Dow were able to log their fourth straight gain, which hasn't been done in more than one month.
Though tech showed leadership in the latest advance, the upward move was generally broad-based as advancing issues outnumbered decliners by nearly 4-to-1 in the S&P 500.
Some of the most encouraging jobless claims data in months was met with a muted response this morning and failed to induce more than a modest, temporary uptick in stock futures ahead of the opening bell. Initial claims for the week ending January 11 came in at 522,000, which is the lowest since January. Continuing claims pulled back sharply from record highs of 6.9 million to less than 6.3 million, which is the lowest tally since April.
Nasdaq +22.13 at 1885.03... S&P Midcap 400 +1.4... NYSE Adv/Dec 2113/881... Nasdaq Adv/Dec 1660/961.
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Is it 2003 all over again? Don't look now, but the tech-heavy Nasdaq 100 index is up 25.53% year to date. And both Google (GOOG) and IBM reported stronger than expected earnings after the close tonight, although GOOG is currently trading down while IBM is up. As shown in the chart below, the index just took out its early June highs today after trading up sharply all week long.
Looking at individual stocks in the index, Seagate Technology (STX) is up the most in 2009 with a gain of 147.18%, and it's followed closely by Baidu (BIDU) at 146.96%. Sun Micro (JAVA) is up 140%, followed by EXPE (102.91%), MRVL (96.85%), and LINTA (88.46%). The blue-chip tech names have seen huge gains this year as well. Research in Motion (RIMM) is up 78%, Apple (AAPL) is up 73%, Amazon.com (AMZN) is up 67%, and Google is up 43.7%.
While tech got killed along with the overall market in 2008, its gains so far in 2009 have been extraordinary. Optimism on the sector seems to be getting overly bullish as well, however, so buyers should be careful and not get too overconfident.
Reuters News:
Wednesday, July 15, 2009
SPY SPX QQQQ DIA GLD OIL AAPL update 07/15/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more...
CNBC:
Word on the Street:
July 15, 2009 -- 16:40 ET
Moving the Market:
Intel handily tops estimates and issues upside revenue guidance.
CPI makes sharpest jump in months and NY manufacturing slows decline further.
Capacity utilization in-line with expectations and industrial production makes another drop.
June FOMC minutes indicate Fed raises economic forecast for 2009-2010.
Sector Watch:
Strong:
consumer finance; human resources and employment services; coal and consumable fuel; electronic manufacturing services; diversified chemicals; semiconductors
Weak:
restaurants
07/15/09 16:40 ET Dow +256.72 at 8616.21, Nasdaq +63.17 at 1862.90, S&P +26.84 at 932.68:
[BRIEFING.COM] An outstanding second quarter report from semiconductor giant Intel helped the S&P 500 and the Dow log their third straight gain and gave the Nasdaq its fourth consecutive finish in higher ground. The major equity averages spent the entire session ascending steadily before finishing with some of their best gains in the last few months.
The positive tone was actually set after the previous session's close when Intel (INTC 18.05, +1.22) announced better-than-expected adjusted earnings of $0.18 per share in its latest quarter, thanks partly to fatter profit margins. The company went on to issue an upside revenue forecast for the third quarter.
Intel was able to lead the tech sector to a 4.2% gain, which was more than any other sector. Perhaps more importantly, Intel encouraged buying in the broader market. In turn, more than 95% of the companies in the S&P 500 finished higher, while McDonald's (MCD 57.08, -0.38) was the only company in the 30-member Dow Jones Industrial Average to finish lower. American Express (AXP 27.22, +2.76) was a primary leader in the Dow after the company posted better-than-expected trust data.
Strength in AmEx and other financial issues helped send the financial sector 4.1% higher. Financials proved to be a leader for the broader market, a position that was reclaimed earlier this week amid positive analyst comments about the short-term prospects of banks. Financials are currently up more than 10% week-to-date.
Renewed strength among financials has helped carry the broader market. Week-to-date, the Dow and the S&P 500 up 5.8% and 6.1%, respectively, while the Nasdaq is up 6.1% this week. That helped all three major indices close above their 50-day moving averages. What's more, should the gains hold, stocks will log their best weekly performance since March.
Health care stocks have spent the week trading as laggards. They managed to advance 0.8% this session, but are up 2.7% for the week. Abbott Labs (ABT 45.28, -1.21) weighed on the sector as investors reacted negatively to the company's in-line earnings and forecast in the latest round of trading.
Trading volume came in near longer term averages by hitting almost 1.4 billion shares on the NYSE. Still, more recent levels have been unimpressive. That often signals a lack of conviction. However, many participants are likely waiting to see if earnings announcements continue to top expectations. Banking giant JPMorgan Chase (JPM 36.26, +1.56) is scheduled to report tomorrow morning before the opening bell. Bank of America (BAC 13.42, +0.51), Citigroup (C 3.17, +0.25), and General Electric (GE 12.24, +0.60) are all scheduled for Friday morning.
Market participants will likely be looking for encouraging guidance from major industry players. Optimistic forecasts would complement economic reports that suggest economic conditions are bottoming and even showing signs of improving.
Manufacturing activity in the New York area declined a fractionally in July; the Empire State Manufacturing Index came in at a better-than-expected 0.55, which is the best reading since April 2008.
However, a 0.4% drop in June industrial production meant that production has fallen in 17 out of 18 months. Still, the decline was less than expected and the softest downturn since a positive reading in October 2008.
Meanwhile, capacity utilization was in-line at 68%.
The Consumer Price Index, a widely-watched inflationary gauge, showed a sharper-than-expected increase for June by coming in with a 0.7% increase. That is the sharpest increase since July 2008. However, core prices increased 0.2%, which is more in-line with recent trends, even if it was slightly above what had been expected.
The FOMC released the minutes from its June meeting. They didn't have much of an impact on trading even though the Fed raised its 2009-2010 forecast for the economy.
Nasdaq +63.17 at 1862.90... S&P Midcap 400 +3.1... NYSE Adv/Dec 2782/289... Nasdaq Adv/Dec 2232/466.
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.
CNBC:
Reuters News:
CNBC:
Word on the Street:
July 15, 2009 -- 16:40 ET
Moving the Market:
Intel handily tops estimates and issues upside revenue guidance.
CPI makes sharpest jump in months and NY manufacturing slows decline further.
Capacity utilization in-line with expectations and industrial production makes another drop.
June FOMC minutes indicate Fed raises economic forecast for 2009-2010.
Sector Watch:
Strong:
consumer finance; human resources and employment services; coal and consumable fuel; electronic manufacturing services; diversified chemicals; semiconductors
Weak:
restaurants
07/15/09 16:40 ET Dow +256.72 at 8616.21, Nasdaq +63.17 at 1862.90, S&P +26.84 at 932.68:
[BRIEFING.COM] An outstanding second quarter report from semiconductor giant Intel helped the S&P 500 and the Dow log their third straight gain and gave the Nasdaq its fourth consecutive finish in higher ground. The major equity averages spent the entire session ascending steadily before finishing with some of their best gains in the last few months.
The positive tone was actually set after the previous session's close when Intel (INTC 18.05, +1.22) announced better-than-expected adjusted earnings of $0.18 per share in its latest quarter, thanks partly to fatter profit margins. The company went on to issue an upside revenue forecast for the third quarter.
Intel was able to lead the tech sector to a 4.2% gain, which was more than any other sector. Perhaps more importantly, Intel encouraged buying in the broader market. In turn, more than 95% of the companies in the S&P 500 finished higher, while McDonald's (MCD 57.08, -0.38) was the only company in the 30-member Dow Jones Industrial Average to finish lower. American Express (AXP 27.22, +2.76) was a primary leader in the Dow after the company posted better-than-expected trust data.
Strength in AmEx and other financial issues helped send the financial sector 4.1% higher. Financials proved to be a leader for the broader market, a position that was reclaimed earlier this week amid positive analyst comments about the short-term prospects of banks. Financials are currently up more than 10% week-to-date.
Renewed strength among financials has helped carry the broader market. Week-to-date, the Dow and the S&P 500 up 5.8% and 6.1%, respectively, while the Nasdaq is up 6.1% this week. That helped all three major indices close above their 50-day moving averages. What's more, should the gains hold, stocks will log their best weekly performance since March.
Health care stocks have spent the week trading as laggards. They managed to advance 0.8% this session, but are up 2.7% for the week. Abbott Labs (ABT 45.28, -1.21) weighed on the sector as investors reacted negatively to the company's in-line earnings and forecast in the latest round of trading.
Trading volume came in near longer term averages by hitting almost 1.4 billion shares on the NYSE. Still, more recent levels have been unimpressive. That often signals a lack of conviction. However, many participants are likely waiting to see if earnings announcements continue to top expectations. Banking giant JPMorgan Chase (JPM 36.26, +1.56) is scheduled to report tomorrow morning before the opening bell. Bank of America (BAC 13.42, +0.51), Citigroup (C 3.17, +0.25), and General Electric (GE 12.24, +0.60) are all scheduled for Friday morning.
Market participants will likely be looking for encouraging guidance from major industry players. Optimistic forecasts would complement economic reports that suggest economic conditions are bottoming and even showing signs of improving.
Manufacturing activity in the New York area declined a fractionally in July; the Empire State Manufacturing Index came in at a better-than-expected 0.55, which is the best reading since April 2008.
However, a 0.4% drop in June industrial production meant that production has fallen in 17 out of 18 months. Still, the decline was less than expected and the softest downturn since a positive reading in October 2008.
Meanwhile, capacity utilization was in-line at 68%.
The Consumer Price Index, a widely-watched inflationary gauge, showed a sharper-than-expected increase for June by coming in with a 0.7% increase. That is the sharpest increase since July 2008. However, core prices increased 0.2%, which is more in-line with recent trends, even if it was slightly above what had been expected.
The FOMC released the minutes from its June meeting. They didn't have much of an impact on trading even though the Fed raised its 2009-2010 forecast for the economy.
Nasdaq +63.17 at 1862.90... S&P Midcap 400 +3.1... NYSE Adv/Dec 2782/289... Nasdaq Adv/Dec 2232/466.
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.
CNBC:
Reuters News:
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