Saturday, October 31, 2009

Market update 10/30/09 - Free Stock Market Analysis

Here is the latest trading and free market analysis info on the markets and more...

FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.


CNBC:














October 30, 2009 -- 16:20 ET
Moving the Market:
Earnings dismissed as participants push against stocks; sellers focus on financials, materials, and energy. Dollar recovers from previous session's slide. Personal income and spending data for September meets expectations.

Sector Watch:
Strong
consumer electronics; photo products

Weak
health care services; broadcasting; diversified financial services; insurance brokers; life and health insurers; diversified metals; publishing and printing


Market Events
10/30/09 16:20 ET Dow -249.85 at 9712.73, Nasdaq -52.44 at 2045.11, S&P -29.92 at 1036.19:
[BRIEFING.COM] The heady gains that followed a better-than-expected GDP headline number in the previous session proved unsustainable as sellers returned to action Friday to send stocks sharply lower. Losses were broad-based as nearly 95% of the issues in the S&P 500 logged losses, which contributed to the worst weekly loss in five months for the broad market measure.

Financials were the worst hit of the major sectors. They had actually helped lead broad-market gains in the previous session, but plummeted to a 4.8% loss this time around. Within the sector, life and health insurers shed 6.1%. Diversified financial services stocks dropped 6.3%.

Materials stocks and energy stocks were also hit hard, however. The two sectors fell 3.8% and 3.5%, respectively. Their case was worsened by the drop in commodities and energy prices amid a stronger dollar, which advanced 0.6% against a basket of foreign currencies. That marked the greenback's sixth gain in seven sessions.

Even integrated oil giant Chevron (CVX 76.54, -1.41) couldn't shake free from sellers, despite posting better-than-expected third quarter earnings of $1.72 per share. Not a single sector in the S&P 500 proved immune to this session's selling effort. In turn, each finished with a loss of at least 1%. That helped take the S&P 500 well below its 50-day moving average of 1052 and hand the stock market its first monthly loss since an 11% monthly drop in February.

There wasn't any immediate cause for this session's decline, though some market watchers point out that stocks have had an increasingly difficult time of climbing higher since making their strong runs in recent months. Others have pointed out that there may be some month-end portfolio rebalancing and window dressing accounting for the recent whipsaw trade.

Nonetheless, the concerted selling effort brought about a spike in volatility. That sent the Volatility Index, often dubbed the Fear Gauge, up 24%, which marks its sharpest single-session spike by percent this year. Moreover, the VIX now stands at its highest level since July. Complementing the spike in the VIX is an elevated put-to-call ratio of 1.2, which is indicative of positioning for downside protection.

The broader market's negative bias this session overshadowed what was generally a solid batch of economic data. Specifically, personal income for September was flat, as expected, and spending fell 0.5%, as expected. That data was already included in the third quarter GDP data that was released Thursday, though.

The October Chicago PMI bounced to 54.2, which bested the 49.0 consensus, but the report was largely ignored.

Nasdaq -52.44 at 2045.11... S&P Midcap 400 -2.8... NYSE Adv/Dec 405/2655... Nasdaq Adv/Dec 494/2191.


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Weekly & Daily Stock Earnings Calendar:

10/26
Verizon VZ 10/26 8am

10/27
Under Armour UA 10/27 8am
US Steel X 10/27 8am
Visa V 10/27 8am

Etrade ETFC 10/27 4pm

10/28
Level 3 Communications LVLT 10/28 4pm

10/29
Exxon Mobile XOM 10/29 8am
Motorola MOT 10/29 8am
Procter & Gamble PG 10/29 8am
Sprint S 10/29 8am

Cliffs Natural Resources CLF 10/29 4pm

10/30
NYSE Euronext 10/30 8am
Chevron CVX 10/30 8am

11/02
Cheasapeake Energy CHK 11/02 4pm
Alpha Natural Resources ANR 11/02 8am
James River Coal JRCC 11/02 8am
Mastercard MA 11/02 8am

STEC Inc STEC 11/02 4pm


Reuters News:





Tuesday, October 27, 2009

Market update 10/27/09 - Free Stock Market Analysis

Here is the latest trading and free market analysis info on the markets and more...

FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.


CNBC:














October 27, 2009 -- 16:25 ET
Moving the Market:
Earnings remain in focus, but results fail to inspire participants. Consumer Confidence Index for October disappoints. Results of 2-year Treasury auction prove better than average.

Sector Watch:
Strong
managed care; integrated oil and gas; consumer finance; environmental facilities; food distributors; integrated telecom; computers and electronics

Weak
casinos and gaming; steel; autoparts and equipment; apparel and accessories; apparel retailers; building products; consumer electronics; oil and gas refiners


Market Events
10/27/09 16:25 ET Dow +14.21 at 9882.17, Nasdaq -25.76 at 2116.09, S&P -3.54 at 1063.41:
[BRIEFING.COM] Stocks struggled for the entire session to set forth on a clear path. That left the major indices to finish a bit mixed.

The Dow was able to net a modest gain as Exxon Mobil (XOM 74.91, +1.68) and Chevron (CVX 76.59, +1.14) shared in strength stemming from a better-than-expected earnings report from BP PLC (BP 57.82, +2.34). IBM (IBM 120.65, +0.54) also provided leadership to blue chips by announcing that it has authorized $5.0 billion for stock repurchases, which not only help improve earnings per share results by reducing the number of outstanding shares, but also sends a signal to investors that strong companies are now willing to fund buybacks, rather than stash cash into their coffers amid economic tumult.

Despite IBM's strength, many large-cap tech issues traded as laggards following downside guidance from Internet search engine Baidu.com (BIDU 383.66, -49.31). Collective weakness among large-cap tech caused the Nasdaq to underperform the other headline indices.

Shares of consumer discretionary stocks were among the worst performers this session, though. They dropped 1.7% as retailers recoiled following a disappointing Consumer Confidence Index reading of 47.7 for October. The consensus had called for a reading of 53.5. Even shares of Under Armour (UA 29.27, -3.82) slumped, despite better-than-expected quarterly earnings and a raised forecast.

Steel stocks also suffered. They dropped 5.8% amid ongoing concerns regarding demand from such players as US Steel (X 37.41, -3.17) and Schnitzer Steel (SCHN 47.38, -3.81), though both beat earnings expectations.

Energy stocks steadily outperformed the broader market for the entire session. The sector was helped along by a 1.6% gain by integrated oil stocks and a 1.0% increase in oil prices, which settled pit trade at $79.44 per barrel.

Oil's advance came in the face of a 0.2% gain by the U.S. dollar against a basket of foreign currencies. The Dollar Index has now advanced for four straight sessions.

Treasuries advanced solidly amid the mixed action among stocks. They were also helped along by a strong 3.6 bid-to-cover outcome for a $44 billion auction of 2-year Treasuries. That helped the benchmark 10-year Note climb nearly one full point and push its yield back below 3.5%.

Nasdaq -25.76 at 2116.09... S&P Midcap 400 -1.1... NYSE Adv/Dec 1053/1977... Nasdaq Adv/Dec 860/1802.


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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:

10/26
Verizon VZ 10/26 8am

10/27
Under Armour UA 10/27 8am
US Steel X 10/27 8am
Visa V 10/27 8am

Etrade ETFC 10/27 4pm

10/28
Level 3 Communications LVLT 10/28 4pm

10/29
Exxon Mobile XOM 10/29 8am
Motorola MOT 10/29 8am
Procter & Gamble PG 10/29 8am
Sprint S 10/29 8am

Cliffs Natural Resources CLF 10/29 4pm

10/30
NYSE Euronext 10/30 8am
Chevron CVX 10/30 8am

11/02
Cheasapeake Energy CHK 11/02 4pm
Alpha Natural Resources ANR 11/02 8am
James River Coal JRCC 11/02 8am
Mastercard MA 11/02 8am

STEC Inc STEC 11/02 4pm


Reuters News:


Monday, October 26, 2009

Market update 10/26/09 - Free Stock Market Analysis

Here is the latest trading and free market analysis info on the markets and more...

FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.


CNBC:














October 26, 2009 -- 16:30 ET
Moving the Market:
Oil prices reverse into negative territory. Financials show weakness following analyst downgrades.
U.S. dollar pares losses against foreign currencies. Overseas markets make tepid gains.

Sector Watch:
Strong
internet retailers; computers and electronics; household appliances; building products; systems software; leisure products; apparel retailers; apparel and accessories; home furnishings residential REITs

Weak
specialty consumer services; health care facilities; fertilizer and agricultural chemicals; regional banks; diversified banks; diversified financial services; gold


Market Events
10/26/09 16:30 ET Dow -104.22 at 9867.96, Nasdaq -12.62 at 2141.85, S&P -12.65 at 1066.95:
[BRIEFING.COM] Stocks dropped in broad-based fashion after they failed to extend an early gain and the U.S. dollar made another strong move off of its yearly low.

The major indices were been up solidly in the early going, but the S&P 500 struggled to break above the 1090 zone and the Nasdaq 100 ran into resistance when it approached the 2009 highs that it had set last week. As stocks stalled, sellers stepped in and undercut the early advance. That caused stocks to drop sharply and spend the rest of the afternoon trading in negative territory.

A stronger dollar also weighed on stocks. The greenback has now gained ground against a basket of foreign currencies for three straight sessions, the latest of which took it 0.7% higher in its best single-session percentage move of the past month. That made for particular trouble against multinationals and materials stocks, which dropped 2.5%.

Monsanto (MON 70.69, -4.54) created an additional drag on the materials sector. The stock was caught up in chatter that an analyst issued pessimistic comments about the chemical company's pricing efforts.

Financials were also among the worst performers this session. The sector sank 2.5% as bank stocks tumbled 4.1%, based on the KBW Banking Index. Weakness surrounding banking issues stemmed from a downgrade by Rochdale of regional lenders Fifth Third (FITB 9.52, -0.82) and SunTrust (STI 19.85, -1.14).

There weren't any real leaders for participants to follow this session. Dow component Verizon (VZ 28.64, -0.21) was one of the only widely-held companies to report its latest results this morning. The integrated telecom giant posted better-than-expected adjusted earnings of $0.60 per share for the third quarter, but they were largely dismissed, leaving telecom to fall to a 1.3% loss.

All 10 major sectors finished the session in the red. Seven of them suffered losses in excess of 1%.

Despite widespread weakness in the equity markets, Treasuries suffered. As such, the benchmark 10-year Note dropped roughly 18 ticks, which took its yield above 3.5% for the first time since August. Its weakness seemed to worsen in the wake of better-than-average results for an auction of 5-year TIPS.

Nasdaq -12.62 at 2141.85... S&P Midcap 400 -1.1... NYSE Adv/Dec 713/2317... Nasdaq Adv/Dec 763/1914.


If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.

We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.

Please Feel free to share this blog with your family and friends, Thanks!

If you would like please comment below.


Weekly & Daily Stock Earnings Calendar:

10/26
Verizon VZ 10/26 8am

10/27
Under Armour UA 10/27 8am
US Steel X 10/27 8am
Visa V 10/27 8am

Etrade ETFC 10/27 4pm

10/28
Level 3 Communications LVLT 10/28 4pm

10/29
Exxon Mobile XOM 10/29 8am
Motorola MOT 10/29 8am
Procter & Gamble PG 10/29 8am
Sprint S 10/29 8am

Cliffs Natural Resources CLF 10/29 4pm

10/30
NYSE Euronext 10/30 8am
Chevron CVX 10/30 8am

11/02
Cheasapeake Energy CHK 11/02 4pm
Alpha Natural Resources ANR 11/02 8am
James River Coal JRCC 11/02 8am
Mastercard MA 11/02 8am

STEC Inc STEC 11/02 4pm


Reuters News:





Thursday, October 1, 2009

Market update 10/01/09 - Free Stock Market Analysis

Here is the latest trading and free market analysis info on the markets and more...

FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.

Needed some time off, but now I'm back!



CNBC:














October 01, 2009 -- 16:30 ET
Moving the Market:
Deluge of economic data keeps dour mood intact. U.S. dollar advances, helping to send commodities prices lower; stocks hampered by greenback's gains, too.

Sector Watch:
Strong
distillers and vintners; drug retailers

Weak
photo products; health care facilities; construction materials; casinos and gaming; airlines; multisector holdings; industrial REITs; residential REITs; office REITs


Market Events
10/01/09 16:30 ET Dow -156.44 at 9555.84, Nasdaq -54.41 at 2068.01, S&P -22.21 at 1034.87:
[BRIEFING.COM] A deluge of data and concern regarding tomorrow's jobs report pushed buyers to the sidelines. That left stocks to drop sharply in broad-based fashion, resulting in the stock market's worst single-session percentage loss since in July.

The dour mood among participants was evident from the start. Stocks started in the red as the previous session's lackluster finish carried over into morning trade and foreign markets faltered. News that the International Monetary Fund raised its forecast for 2010 global economic growth to 3.1% from 2.5% had no real positive impact.

Though the IMF forecast was widely disregarded, market participants were focused on several other reports, including another disappointing jobless claims tally. Initial claims climbed 17,000 to 551,000, which is a higher count than had been expected. Continuing claims came in at 6.09 million, which is below the consensus estimate and down 70,000 from the previous week, but that is largely due to the expiration of jobless benefits. The ugly claims numbers and the disappointing ADP report on Wednesday serve as salient reminders that the government's nonfarm payrolls report for September could be disappointing. The official payrolls report is due tomorrow morning.

Personal income and spending for August were up 0.2% and 1.3%, respectively. Both exceeded expectations, while core personal consumption climbed a mere 0.1%, as expected.

The ISM Manufacturing Index for September came below at 52.6, which is below what was expected, but the figure still indicates growth in the manufacturing sector.

Construction spending during August made a surprise 0.8% increase, while pending home sales for August surprised some by increasing 6.4% in August.

Stocks were also dogged by a stronger U.S. dollar, which was helped partly by supportive comments from Fed Chairman Bernanke, who said that there is no immediate risk to the dollar. With the Dollar Index up nearly 0.7%, basic materials stocks and commodities showed weakness for the entire session. Materials stocks finished 3.9%, while the CRB Commodity Index dropped 1.5%.

Financials were the worst performers for the session, though. The sector dropped 4.4%. Banks were some of the worst performers as regional banks dropped 5.5%, diversified financial services fell 5.2%, and diversified banks dropped 5.1%. Bank of America (BAC 16.21, -0.71) was one of the few companies to make headlines this session. The company's Chief Executive, Ken Lewis, announced that he will retire by year's end. No successor has been named, though.

With 95% of the companies listed in the S&P 500 logging losses, many participants pursued Treasuries. That helped send the benchmark 10-year Note more than one full point higher. In turn, its yield fell to fresh multimonth lows below 3.2%.

Trading volume made a considerable pullback from the previous session, now that quarter-end window dressing and portfolio rebalancing has come to an end. Only 1 billion shares traded hands on the NYSE this session.

Nasdaq -54.41 at 2068.01... S&P Midcap 400 -3.1... NYSE Adv/Dec 533/2475... Nasdaq Adv/Dec 498/2181.


If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.

We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.

Please Feel free to share this blog with your family and friends, Thanks!

If you would like please comment below.


Weekly & Daily Stock Earnings Calendar:

10/5
Mosaic MOS 10/5 8am

10/7
Family Dollar FDO 10/7 8am
Monsanto Company MON 10/7 8am

Alcoa AA 10/7 4pm
Ruby Tuesday RT 10/7 4pm

10/8
Marriot Intl MAR 10/8 8am

10/9
Infosys Tech INFY 10/9 8am

10/13
CSX Corp CSX 10/13 4pm
Intel INTC 10/13 4pm

10/14
JP Morgan JPM 10/14 8am

Xilinx XLNX 10/14 4pm

10/15
Citigroup C 10/15 8am
Harley Davidson HOG 10/15 8am
Nokia NOK 10/15 8am

IBM IBM 10/15 4pm


Reuters News:


Market update 09/30/09 - Free Stock Market Analysis

Here is the latest trading and free market analysis info on the markets and more...

FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.


CNBC:














September 30, 2009 -- 16:25 ET
Moving the Market:
Stocks rebuffed after failing to break above morning highs. Latest batch of earnings prove better than expected. ADP Employment Report for September disappoints, but headline number for revised second quarter GDP exceeds expectations. Chicago PMI retreats and misses expectations. End-of-month and end-of-quarter portfolio rebalancing expected.

Sector Watch:
Strong:
footwear; electronic manufacturing services; agricultural products; internet retailers; health care facilities; distributors; personal products; semiconductor equipment

Weak:
homebuilding; building products; office electronics; industrial REITs; automakers; broadcasting; managed health care; advertising


Market Events
09/30/09 16:25 ET Dow -29.92 at 9712.28, Nasdaq -1.62 at 2122.42, S&P -3.53 at 1057.08:
[BRIEFING.COM] An early selling effort dropped stocks from an initial gain to a loss of more than 1%, but stocks gradually made their way back to positive ground before falling under a second wave of selling pressure. Although they finished the session with a loss, stocks still logged impressive gains for the month.

Better-than-expected earnings from several companies, including Nike (NKE 64.70, +4.61) and Jabil Circuit (JBL 13.41, +1.13) helped prop up the bias in the broader market this morning. The tone of trade improved further from news that second quarter GDP was revised upward to show an annualized decline of 0.7%, which is better than the 1.2% annualized decline that had been expected.

The GDP headline overshadowed the latest ADP Employment Change Report, which indicated that 254,000 private jobs were lost during September. Since that is worse than the consensus forecast for 200,000 job losses, some wonder whether the government's official nonfarm payrolls report on Friday will be worse than expected.

Despite early signs of strength, stocks reversed direction in the first few minutes of trade. The slide was exacerbated by news that the Chicago PMI reading for September came in at 46.1, below the consensus forecast of 52.0 and down from the previous reading of 50.0.

Within the first hour of trading the S&P 500 saw a modest gain turn into a loss of 1.3%. However, buyers waded back into the action and helped stocks turn their losses into a midday gain. The rally was challenged, though, as the S&P 500 failed to push through its opening highs.

Tech had been a primary source of support for the midsession advance, but renewed selling pressure in the second half of the session left the sector to finish with a mere 0.2% gain. Semiconductor stocks were able to hold on to a near 0.9% gain, however.

Materials stocks had also provided leadership as commodities prices soared. Though the sector faltered and finished with a 0.5% loss, the CRB Commodity Index jumped 2.9% in its best single-session percentage gain in nearly two months.

The CRB's impressive performance came as bullish gasoline inventory data helped underpin a 5.7% gain by crude oil prices, which settled at $70.49 per barrel. Meanwhile, gold prices shot up a strong 1.5% to settle at $1009.50 per ounce.

The strong performance by commodities helped give the CRB Commodity Index a 0.6% gain for September and a 3.8% gain for the third quarter.

Though stocks finished September on a rather dour note, the S&P 500 was still able to book a monthly gain of 2.7% and a quarterly gain of 14.9%, which is the second best quarterly performance for the S&P 500 this decade. The best quarter came in the second quarter of this year, when the stock market advanced 16.7%.

With the end of the quarter at hand, investors and portfolio managers drove trading volume in the NYSE sharply higher as they juggled their portfolios. In turn, nearly 1.8 million shares traded hands on the NYSE. That's the second highest single-session tally this month.

Nasdaq -1.62 at 2122.42... S&P Midcap 400 -0.6... NYSE Adv/Dec 1257/1757... Nasdaq Adv/Dec 996/1704.


If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.

We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.

Please Feel free to share this blog with your family and friends, Thanks!

If you would like please comment below.


Weekly & Daily Stock Earnings Calendar:

10/5
Mosaic MOS 10/5 8am

10/7
Family Dollar FDO 10/7 8am
Monsanto Company MON 10/7 8am

Alcoa AA 10/7 4pm
Ruby Tuesday RT 10/7 4pm

10/8
Marriot Intl MAR 10/8 8am

10/9
Infosys Tech INFY 10/9 8am

10/13
CSX Corp CSX 10/13 4pm
Intel INTC 10/13 4pm

10/14
JP Morgan JPM 10/14 8am

Xilinx XLNX 10/14 4pm

10/15
Citigroup C 10/15 8am
Harley Davidson HOG 10/15 8am
Nokia NOK 10/15 8am

IBM IBM 10/15 4pm


Reuters News: