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:
Saturday, October 31, 2009
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.
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:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
CNBC:
October 27, 2009 -- 16:25 ET
Moving the Market:
Earnings remain in focus, but results fail to inspire participants. Consumer Confidence Index for October disappoints. Results of 2-year Treasury auction prove better than average.
Sector Watch:
Strong
managed care; integrated oil and gas; consumer finance; environmental facilities; food distributors; integrated telecom; computers and electronics
Weak
casinos and gaming; steel; autoparts and equipment; apparel and accessories; apparel retailers; building products; consumer electronics; oil and gas refiners
Market Events
10/27/09 16:25 ET Dow +14.21 at 9882.17, Nasdaq -25.76 at 2116.09, S&P -3.54 at 1063.41:
[BRIEFING.COM] Stocks struggled for the entire session to set forth on a clear path. That left the major indices to finish a bit mixed.
The Dow was able to net a modest gain as Exxon Mobil (XOM 74.91, +1.68) and Chevron (CVX 76.59, +1.14) shared in strength stemming from a better-than-expected earnings report from BP PLC (BP 57.82, +2.34). IBM (IBM 120.65, +0.54) also provided leadership to blue chips by announcing that it has authorized $5.0 billion for stock repurchases, which not only help improve earnings per share results by reducing the number of outstanding shares, but also sends a signal to investors that strong companies are now willing to fund buybacks, rather than stash cash into their coffers amid economic tumult.
Despite IBM's strength, many large-cap tech issues traded as laggards following downside guidance from Internet search engine Baidu.com (BIDU 383.66, -49.31). Collective weakness among large-cap tech caused the Nasdaq to underperform the other headline indices.
Shares of consumer discretionary stocks were among the worst performers this session, though. They dropped 1.7% as retailers recoiled following a disappointing Consumer Confidence Index reading of 47.7 for October. The consensus had called for a reading of 53.5. Even shares of Under Armour (UA 29.27, -3.82) slumped, despite better-than-expected quarterly earnings and a raised forecast.
Steel stocks also suffered. They dropped 5.8% amid ongoing concerns regarding demand from such players as US Steel (X 37.41, -3.17) and Schnitzer Steel (SCHN 47.38, -3.81), though both beat earnings expectations.
Energy stocks steadily outperformed the broader market for the entire session. The sector was helped along by a 1.6% gain by integrated oil stocks and a 1.0% increase in oil prices, which settled pit trade at $79.44 per barrel.
Oil's advance came in the face of a 0.2% gain by the U.S. dollar against a basket of foreign currencies. The Dollar Index has now advanced for four straight sessions.
Treasuries advanced solidly amid the mixed action among stocks. They were also helped along by a strong 3.6 bid-to-cover outcome for a $44 billion auction of 2-year Treasuries. That helped the benchmark 10-year Note climb nearly one full point and push its yield back below 3.5%.
Nasdaq -25.76 at 2116.09... S&P Midcap 400 -1.1... NYSE Adv/Dec 1053/1977... Nasdaq Adv/Dec 860/1802.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
10/26
Verizon VZ 10/26 8am
10/27
Under Armour UA 10/27 8am
US Steel X 10/27 8am
Visa V 10/27 8am
Etrade ETFC 10/27 4pm
10/28
Level 3 Communications LVLT 10/28 4pm
10/29
Exxon Mobile XOM 10/29 8am
Motorola MOT 10/29 8am
Procter & Gamble PG 10/29 8am
Sprint S 10/29 8am
Cliffs Natural Resources CLF 10/29 4pm
10/30
NYSE Euronext 10/30 8am
Chevron CVX 10/30 8am
11/02
Cheasapeake Energy CHK 11/02 4pm
Alpha Natural Resources ANR 11/02 8am
James River Coal JRCC 11/02 8am
Mastercard MA 11/02 8am
STEC Inc STEC 11/02 4pm
Reuters News:
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