Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
September 17, 2009 -- 16:30 ET
Moving the Market:
Oracle posts in-line earnings and issues in-line outlook, while FedEx reaffirms quarterly earnings and forecast. Housing starts for August meet expectations, while latest weekly jobless claims are lower than expected and continuing claims are higher than expected.
Sector Watch:
Strong:
oil and gas refiners; consumer electronics; office services and suppliers; diversified financial services; aerospace and defense; footwear; steel; construction and farming machinery; leisure products
Weak:
photo products; paper products; independent power producers; homebuilders; automakers; health care facilities; publishing and printing; industrial REITs
Market Events
09/17/09 16:30 ET Dow -4.79 at 9783.92, Nasdaq -6.40 at 2126.75, S&P -3.27 at 1065.49:
[BRIEFING.COM] Participants sold the news of a better-than-expected batch of economic reports and handed stocks their first loss in four sessions. Losses were rather contained, though, as stocks are still up more than 2% week-to-date.
Despite stumbling a bit in the moments following the opening bell, stocks looked as if they were going to extend their recent gains. That is until a the Philadelphia Fed Index for September showed that it hit a two-year high of 14.1, which was better than expected. Rather than provide fodder for further buying, the data prompted selling pressure as participants looked to lock in profits after they had watched stocks advance in eight of the previous nine sessions.
The better-than-expected Philly Fed Index complemented several other upbeat economic reports, including housing starts and building permits data for August. Housing starts hit an annualized rate of 598,000, which was spot on with the consensus forecast. More impressive was that the August sales rate marked the best sales pace since November 2008. Building permits came in at an annualized rate of 579,000, which is just below the rate of 583,000 that was widely expected, but it still marked the best pace this year.
In other economic news, initial jobless claims for the week ending September 12 totaled 545,000. Though that marks an uncomfortable level of claims, it wasn't as bad as the 557,000 initial claims that were expected. It also marked a drop of 12,000 from the previous week. Meanwhile, continuing claims climbed to 6.23 million from 6.10 million, even in the face of expiring jobless benefits. According a Reuters report, Nobel Prize-winning economist Paul Krugman said that unemployment in the U.S. will peak in early 2011 because of a slow and painful recovery from the global economic crisis.
With most participants partial to selling, the stock market wasn't able to sustain a couple of bounces in the first half of the session. In turn, stocks spent the second half of the session chopping along in negative territory.
There wasn't a single major sector that was able to post a gain. Telecom fell 1.3% to log the weakest performance for the second straight session. Health care finished flat; it was the best performing sector.
Tech giant Oracle (ORCL 21.52, -0.61) was among the most active names by trading volume this session. The company posted in-line earnings results and issued an in-line earnings forecast last evening. However, shareholders were displeased with the company's top line since it suggested that demand remains relatively weak.
Global delivery outfit FedEx (FDX 76.46, -1.74) was also out with its latest earnings results, but the numbers didn't cause any surprise since the company had already made an announcement last week.
Overall trading volume came on the NYSE came in near 1.5 billion shares for the third straight session. The high volume comes ahead of tomorrow's quadruple witching and quarterly S&P rebalance. Those events could induce added volatility.
Nasdaq -6.40 at 2126.75... S&P Midcap 400 -0.6... NYSE Adv/Dec 1338/1704... Nasdaq Adv/Dec 1324/1366.
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Weekly & Daily Stock Earnings Calendar:
9/15
Best Buy BBY 9/15 8am
Adobe Systems ADBE 9/15 4pm
9/17
Pier 1 Imports PIR 9/17 8am
FedEx FDX 9/17 8am
Palm PALM 9/17 4pm
9/23
AutoZone AZO 9/23 8am
Bed Bath & Beyond BBBY 9/23 8am
Red Hat RHT 9/23 4pm
9/24
Rite Aid RAD 9/24 8am
Research in Motion RIMM 9/24 8am
CNBC:
Reuters News:
Thursday, September 17, 2009
Tuesday, September 8, 2009
Market update 09/08/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
September 08, 2009 -- 16:30 ET
Moving the Market:
Cadbury refuses Kraft. Overseas markets extend recent gains amid IMF calls that global recession could end in the beginning of 2010 and G-20's call for more bank capital. Gold prices race past $1,000 per ounce as UN calls for dollar's replacement as global reserve currency.
Sector Watch:
Strong:
building products; industrial conglomerates; construction materials; coal and consumable fuels; diversified metals and mining; hotels; oil and gas exploration; office REITs; retail REITs
Weak:
managed health care; health care services; publishing and printing; employment services; property and casualty insurers; drug retailers
Market Events
09/08/09 16:30 ET Dow +56.07 at 9497.34, Nasdaq +18.99 at 2037.77, S&P +8.99 at 1025.39:
[BRIEFING.COM] Thanks to broad-based buying, the S&P 500 made solid gains in its first trading session of the week, but the broad market benchmark encountered resistance as it approached last week's highs. Still, stocks settled near their best levels of the session.
Energy stocks and materials stocks led gains for the entire session. They settled 2.6% and 1.5% higher, respectively. Their gains were largely underpinned by strong moves among basic commodities and natural resources as the International Monetary Fund fed economic hopes by saying that the global recovery may begin early next year, sooner than it had previously expected. Commodity prices were also helped by a weaker U.S. dollar, which fell 1.0% against a basket of major foreign currencies to hit an 11-month low after the U.N. said that the greenback should be replaced by a new global reserve currency.
The confluence of positive factors drove gold prices to fresh 18-month highs above $1,008 per ounce, but prices eventually reversed course to settle with a fractional gain at $999.50 per ounce. Oil prices made one of their best single-session percentage gains in more than one month by jumping 3.1% to $71.19 per barrel. That move came ahead of tomorrow's OPEC meeting.
Though energy and materials stocks performed well throughout the session, the broader market fell into a few fits of choppy trading. The more dramatic moves to the downside came as stocks approached last week's highs. However, buyers did show some resolve by bidding stocks back toward session highs ahead of the closing bell.
Health care was the only sector unable to participate in the day's gains. The sector settled 0.4% lower amid ongoing health care reform efforts, including a public option, which New York Times reported is being weighed by the White House. Separate articles suggested nonprofit cooperatives could be proposed as a compromise. Both types of plans have already been part of the contentious debate regarding plans to provide affordable health care to Americans.
There weren't any widely-held companies out with their latest earnings results this morning, so corporate headlines were dominated by news that Cadbury PLC (CBY 51.88, +14.42) refused a $16.7 billion merger offer from Dow component Kraft (KFT 26.45, -1.65). Investors responded by handing shares of CBY one of their best single-session percentage advances on record, while sending KFT markedly lower.
Nasdaq +18.99 at 2037.77... S&P Midcap 400 +1.3... NYSE Adv/Dec 2280/746... Nasdaq Adv/Dec 1606/1017.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
9/3
Shanda Interactive SNDA 9/03 8am
Ulta Salon ULTA 9/03 4pm
9/8
Casey's Stores CASY 9/08 4pm
9/9
Talbots TLB 9/09 8am
NCI Building Systems NCS 9/09 4pm
9/10
lululemon LULU 9/10 8am
National Semiconductor NSM 9/10 4pm
9/11
Campbell Soup CPB 9/11 8am
9/15
Best Buy BBY 9/15 8am
Adobe Systems ADBE 9/15 4pm
9/17
Pier 1 Imports PIR 9/17 8am
FedEx FDX 9/17 8am
Palm PALM 9/17 4pm
9/23
AutoZone AZO 9/23 8am
Bed Bath & Beyond BBBY 9/23 8am
Red Hat RHT 9/23 4pm
9/24
Rite Aid RAD 9/24 8am
Research in Motion RIMM 9/24 8am
Reuters News:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
September 08, 2009 -- 16:30 ET
Moving the Market:
Cadbury refuses Kraft. Overseas markets extend recent gains amid IMF calls that global recession could end in the beginning of 2010 and G-20's call for more bank capital. Gold prices race past $1,000 per ounce as UN calls for dollar's replacement as global reserve currency.
Sector Watch:
Strong:
building products; industrial conglomerates; construction materials; coal and consumable fuels; diversified metals and mining; hotels; oil and gas exploration; office REITs; retail REITs
Weak:
managed health care; health care services; publishing and printing; employment services; property and casualty insurers; drug retailers
Market Events
09/08/09 16:30 ET Dow +56.07 at 9497.34, Nasdaq +18.99 at 2037.77, S&P +8.99 at 1025.39:
[BRIEFING.COM] Thanks to broad-based buying, the S&P 500 made solid gains in its first trading session of the week, but the broad market benchmark encountered resistance as it approached last week's highs. Still, stocks settled near their best levels of the session.
Energy stocks and materials stocks led gains for the entire session. They settled 2.6% and 1.5% higher, respectively. Their gains were largely underpinned by strong moves among basic commodities and natural resources as the International Monetary Fund fed economic hopes by saying that the global recovery may begin early next year, sooner than it had previously expected. Commodity prices were also helped by a weaker U.S. dollar, which fell 1.0% against a basket of major foreign currencies to hit an 11-month low after the U.N. said that the greenback should be replaced by a new global reserve currency.
The confluence of positive factors drove gold prices to fresh 18-month highs above $1,008 per ounce, but prices eventually reversed course to settle with a fractional gain at $999.50 per ounce. Oil prices made one of their best single-session percentage gains in more than one month by jumping 3.1% to $71.19 per barrel. That move came ahead of tomorrow's OPEC meeting.
Though energy and materials stocks performed well throughout the session, the broader market fell into a few fits of choppy trading. The more dramatic moves to the downside came as stocks approached last week's highs. However, buyers did show some resolve by bidding stocks back toward session highs ahead of the closing bell.
Health care was the only sector unable to participate in the day's gains. The sector settled 0.4% lower amid ongoing health care reform efforts, including a public option, which New York Times reported is being weighed by the White House. Separate articles suggested nonprofit cooperatives could be proposed as a compromise. Both types of plans have already been part of the contentious debate regarding plans to provide affordable health care to Americans.
There weren't any widely-held companies out with their latest earnings results this morning, so corporate headlines were dominated by news that Cadbury PLC (CBY 51.88, +14.42) refused a $16.7 billion merger offer from Dow component Kraft (KFT 26.45, -1.65). Investors responded by handing shares of CBY one of their best single-session percentage advances on record, while sending KFT markedly lower.
Nasdaq +18.99 at 2037.77... S&P Midcap 400 +1.3... NYSE Adv/Dec 2280/746... Nasdaq Adv/Dec 1606/1017.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
9/3
Shanda Interactive SNDA 9/03 8am
Ulta Salon ULTA 9/03 4pm
9/8
Casey's Stores CASY 9/08 4pm
9/9
Talbots TLB 9/09 8am
NCI Building Systems NCS 9/09 4pm
9/10
lululemon LULU 9/10 8am
National Semiconductor NSM 9/10 4pm
9/11
Campbell Soup CPB 9/11 8am
9/15
Best Buy BBY 9/15 8am
Adobe Systems ADBE 9/15 4pm
9/17
Pier 1 Imports PIR 9/17 8am
FedEx FDX 9/17 8am
Palm PALM 9/17 4pm
9/23
AutoZone AZO 9/23 8am
Bed Bath & Beyond BBBY 9/23 8am
Red Hat RHT 9/23 4pm
9/24
Rite Aid RAD 9/24 8am
Research in Motion RIMM 9/24 8am
Reuters News:
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