Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
August 25, 2009 -- 16:30 ET
Moving the Market:
Overall news flow is slow. S&P/Case-Shiller Home Price Index for June shows further declines, but not as much as expected. August Consumer Confidence Index improves more than expected. Fed Chair Bernanke receives nomination to second term.
Sector Watch:
Strong:
consumer electronics; homebuilding; airlines; life and health insurers; automakers; regional banks; diversified banks; gold
Weak:
food distributors; specialty stores
Market Events
08/25/09 16:30 ET Dow +30.01 at 9539.29, Nasdaq +6.25 at 2024.23, S&P +5.43 at 1028.00:
[BRIEFING.COM] Stocks spiked to a gain of more than 1% following a better-than-expected consumer confidence reading, but the major indices quickly faltered to settle the session with modest gains. Though that made for an unimpressive finish, the gain helped stocks register a new closing high for 2009.
The major indices hit session high in the moments following the Consumer Confidence Index for August, which came in at 54.1. That was above the 47.9 that was widely expected and marked an improvement from the upwardly revised July reading of 47.4. However, market participants should remember that consumer confidence is not highly correlated with actual spending.
Despite that consideration, retailers showed steady strength through the entire session. They finished 1.8% higher, led by Big Lots (BIG 25.60, +1.57). The discount retailer reported better-than-expected earnings. Chico's FAS (CHS 12.79, +0.90) also provided support with its own positive earnings surprise. The strength behind retailers helped the consumer discretionary sector finish 1.2% higher, the best of the major sectors in the S&P 500.
In other earnings news, Medtronic (MDT37.86, -0.14) spent the entire session chopping along in negative territory despite posting in-line quarterly earnings. That detracted from the tech sector, which finished just 0.1% higher.
Financial stocks were a primary source of support to the broader market, though. They led gains for virtually the entire session before settling with a 1.1% gain. Bank stocks and shares of insurers underpinned the sector's strength.
Separately, Ben Bernanke has been nominated to a second term as Chairman of the Federal Reserve. His nomination comes as the U.S. economy continues to contend with considerable macro headwinds.
Nasdaq +6.25 at 2024.23... S&P Midcap 400 +0.5... NYSE Adv/Dec 1830/1185... Nasdaq Adv/Dec 1458/1244.
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Weekly & Daily Stock Earnings Calendar:
8/26
TIVO TIVO 8/26 4pm
8/27
American Eagle AEO 8/27 8am
China Sunergy CSUN 8/27 8am
Energy Conversion Devices ENER 8/27 8am
Toll Brothers TOL 8/27 8am
Marvell Technology MRVL 8/27 4pm
8/28
Tiffany & Company TIF 8/28 8am
8/31
Take Two TTWO 8/31 8am
9/01
China Medical CMED 9/01 8am
Edap EDAP 9/01 8am
9/02
Joy Global JOYG 9/02 8am
Zale Corp ZLC 9/02 8am
Hovnanian HOV 9/02 4pm
9/03
Ciena CIEN 9/03 8am
CNBC:
Reuters News:
Wednesday, August 26, 2009
Wednesday, August 19, 2009
Market update 08/19/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the markets and more...
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
August 19, 2009 -- 16:20 ET
Moving the Market:
Renewed pressure overseas sends stocks lower in early trade, but broad-based buying lifts stocks midsession. Hewlett-Packard and Deere top earnings estimates.
Sector Watch:
Strong:
broadcasting; oil and gas drillers; diversified metals and miners; oil and gas explorers; general merchandisers; integrated oil and gas companies; cable and satellite.
Weak:
airlines; home entertainment software; retail REITs
Market Events
08/09/09 16:20 ET Dow +61.22 at 9279.16, Nasdaq +13.32 at 1969.24, S&P +6.79 at 996.46:
[BRIEFING.COM] Stocks started the session in the red as participants reacted negatively to further selling pressure overseas, but a jump in oil prices helped the energy sector lead a turnaround that took the broader market to a solid gain above near-term resistance levels. Participation remains unimpressive, though.
The dour mood among global participants left investors unimpressed with better-than-expected earnings from Deere (DE 43.73, -1.36) and Dow component Hewlett-Packard (HPQ 43.83, -0.13) and, instead, focused on Deere's pessimistic outlook and Hewlett-Packard's reaffirmed guidance. While shares of HPQ pared losses, DE spent the entire session markedly lower, which weighed on the industrial sector and left it to finish fractionally lower.
Financials also finished fractionally lower and made up the only other major sector to settle in negative ground.
Comments from renowned investor Warren Buffett in a New York Times article offered a reminder that the U.S. economy is on a slow path to recovery. With that in mind, the mood on trading floors started to change as chatter began to circulate that a second fiscal stimulus plan could be possible, but that was downplayed when a White House spokesman said in a Bloomberg.com article that there is no imminent economic announcement.
However, market participants jumped into the energy sector following news that weekly oil inventories showed a draw of roughly 8.40 million barrels in the face of calls for an inventory build. Oil prices had been down in early pit trade, but settled 4.7% higher at $72.42 per barrel. Energy stocks were able to recover from a loss of roughly 1% to finish with a 1.9% gain, better than any other major sector.
The run up in oil prices helped provide leadership to other commodities, which gave the CRB Commodity Index 1.5% gain -- its best performance in two weeks.
The improved tone among participants helped stocks build on the previous session's gain. In turn, stocks are down less than 1% week-to-date after Monday's 2.4% drop, which marked the stock market's worst single -session percentage loss in six weeks. The back-to-back gains have also taken stocks above near-term resistance levels, which stood just above 990.
Trading volume was exceptionally low again, however. For the second straight session fewer than 1 billion shares exchanged hands on the NYSE, suggesting that there hasn't been much conviction behind the recent moves.
Nasdaq +13.32 at 1969.24... S&P Midcap 400 +0.7... NYSE Adv/Dec 1848/1141... Nasdaq Adv/Dec 1683/928.
If you find these videos or info to be helpful please Tip or donate - <<<<>>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
8/18
Home Depot HD 8/18 8am
Solarfun Power SOLF 8/18 8am
Target TGT 8/18 8am
Hewlett Packard HPQ 8/18 4pm
8/19
Deere DE 8/19 8am
Yingli Green Energy YGE 8/19 8am
8/20
Sears Holdings SHLD 8/20 8am
Gap GPS 8/20 4pm
8/26
TIVO TIVO 8/26 4pm
CNBC:
Reuters News:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
August 19, 2009 -- 16:20 ET
Moving the Market:
Renewed pressure overseas sends stocks lower in early trade, but broad-based buying lifts stocks midsession. Hewlett-Packard and Deere top earnings estimates.
Sector Watch:
Strong:
broadcasting; oil and gas drillers; diversified metals and miners; oil and gas explorers; general merchandisers; integrated oil and gas companies; cable and satellite.
Weak:
airlines; home entertainment software; retail REITs
Market Events
08/09/09 16:20 ET Dow +61.22 at 9279.16, Nasdaq +13.32 at 1969.24, S&P +6.79 at 996.46:
[BRIEFING.COM] Stocks started the session in the red as participants reacted negatively to further selling pressure overseas, but a jump in oil prices helped the energy sector lead a turnaround that took the broader market to a solid gain above near-term resistance levels. Participation remains unimpressive, though.
The dour mood among global participants left investors unimpressed with better-than-expected earnings from Deere (DE 43.73, -1.36) and Dow component Hewlett-Packard (HPQ 43.83, -0.13) and, instead, focused on Deere's pessimistic outlook and Hewlett-Packard's reaffirmed guidance. While shares of HPQ pared losses, DE spent the entire session markedly lower, which weighed on the industrial sector and left it to finish fractionally lower.
Financials also finished fractionally lower and made up the only other major sector to settle in negative ground.
Comments from renowned investor Warren Buffett in a New York Times article offered a reminder that the U.S. economy is on a slow path to recovery. With that in mind, the mood on trading floors started to change as chatter began to circulate that a second fiscal stimulus plan could be possible, but that was downplayed when a White House spokesman said in a Bloomberg.com article that there is no imminent economic announcement.
However, market participants jumped into the energy sector following news that weekly oil inventories showed a draw of roughly 8.40 million barrels in the face of calls for an inventory build. Oil prices had been down in early pit trade, but settled 4.7% higher at $72.42 per barrel. Energy stocks were able to recover from a loss of roughly 1% to finish with a 1.9% gain, better than any other major sector.
The run up in oil prices helped provide leadership to other commodities, which gave the CRB Commodity Index 1.5% gain -- its best performance in two weeks.
The improved tone among participants helped stocks build on the previous session's gain. In turn, stocks are down less than 1% week-to-date after Monday's 2.4% drop, which marked the stock market's worst single -session percentage loss in six weeks. The back-to-back gains have also taken stocks above near-term resistance levels, which stood just above 990.
Trading volume was exceptionally low again, however. For the second straight session fewer than 1 billion shares exchanged hands on the NYSE, suggesting that there hasn't been much conviction behind the recent moves.
Nasdaq +13.32 at 1969.24... S&P Midcap 400 +0.7... NYSE Adv/Dec 1848/1141... Nasdaq Adv/Dec 1683/928.
If you find these videos or info to be helpful please Tip or donate - <<<<>>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
8/18
Home Depot HD 8/18 8am
Solarfun Power SOLF 8/18 8am
Target TGT 8/18 8am
Hewlett Packard HPQ 8/18 4pm
8/19
Deere DE 8/19 8am
Yingli Green Energy YGE 8/19 8am
8/20
Sears Holdings SHLD 8/20 8am
Gap GPS 8/20 4pm
8/26
TIVO TIVO 8/26 4pm
CNBC:
Reuters News:
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