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Feb 4, 2011

MarketWatch: U.S. Week Ahead:Stocks at two year highs, investors eye catalysts Top Ten Stories Jan. 31-Feb.4: | Weekly Round Up

Weekly Roundup
FEBRUARY 04, 2011

Top 10 stories from MarketWatch Jan. 31- Feb. 4

NEW YORK (MarketWatch) — U.S. stock indexes rebounded for the week, which was

colored by shifting sentiment about whether Egyptian protests would lead to more instability in the region, as well as U.S. data showing strength in manufacturing.

The Dow ended the week up 2.3%, the S&P 500 gained 2.7% and the Nasdaq Composite advanced 3.1%.

Stocks closed higher Friday, giving an extra lift to weekly gains, as investors focused on strong corporate results and the upshot of a largely disappointing monthly jobs report.

The Dow has now closed higher for the past five straight trading days, and is trading near its highest levels since mid-2008.

Also please be sure to watch MarketWatch's Week Ahead videos for Asia, Europe and the U.S.

U.S. Week Ahead:Stocks at two year highs, investors eye catalysts

 Europe Week Ahead: Swiss banks in focus

 Asia Week Ahead: Results from Toyota, Nissan

Greg Morcroft, assistant managing editor

The Fed: Bernanke spies hints of improving economy

Federal Reserve Chairman Ben Bernanke said Thursday he saw hints of healthier consumer spending and job growth in the most recent economic data, but noted that these straws in the wind had not yet altered his view that the pace of recovery would be gradual. "Recent data do provide some grounds for optimism on the employment front," Bernanke told the National Press Club. See full MarketWatch story on Bernanke comments

Motorola Mobility gets boost on hopes for Atrix

Shares of Motorola Mobility Inc. (MMI) got a boost this week as AT&T outlined an aggressive plan to promote the company's upcoming Atrix phone for its 4G network. The device, expected to launch in early March, may figure heavily into AT&T's (T) effort to compete with arch-rival Verizon Wireless, which will begin selling the iPhone 4 this month. The iPhone, which has been exclusive to AT&T for the past four years, went on presale at Verizon on Wednesday. Read latest MarketWatch coverage of Motorola's new 4G phone

Economic Report: U.S. unemployment falls to 9% on few new jobs

The U.S. unemployment rate fell unexpectedly to 9.0% in January, a 21-month low, while nonfarm payrolls rose by a surprisingly meager 36,000 jobs, the government reported this week. Economists called the report confounding because one survey pointed to strength while the other signalled weakness. Read MarketWatch story on unemployment rate

Commentary: What comes after Dow 12,000, S&P 1,300

This week the market hit a double milestone: The Dow Jones Industrial Average closed above 12,000, and the Standard & Poor's 500 index finished the day over 1,300. The move came after a powerful five-month-long advance and, for the Dow at least, the best January since 1997. But S&P 1,300 may have been more significant: Technicians regarded that as a key resistance level. If the S&P can stay above it for a few trading days — and it has slid back below that landmark in Thursday's trading — it could head even higher. Read MarketWatch commentary on where stocks are headed

Exxon Mobil net income jumps 53%

Exxon Mobil Corp. (XOM) said this week that its fourth-quarter profit rose 53% to top $9 billion, marking the oil major's richest results since the third quarter of 2008 as it benefited from higher crude-oil prices and a jump in production. It's the loftiest quarterly profit for the oil major since the third quarter of 2008, when it earned $14.83 billion, during a time of $100-a-barrel oil prices. Read all ExxonMobil coverage at MarketWatch

Intel reveals costly manufacturing glitch in chips

Intel (INTC) disclosed this week that there was a design error in a component of its new chip that will cost the company roughly $300 million in lost revenue.The flaw involved a support chip used in the newly released second generation of Intel's Core processor, the company said. Intel management said the total cost of fixing the impact of the chip-design flaw will be about $700 million, in terms of repairing and replacing materials and systems in the market. Read MarketWatch coverage of Intel's costly mistake

Commentary : U.S.must redefine aims of Egypt aid

Egypt, more than any other country, has seen rulers, regimes and entire dynasties come and go over the centuries, so the approaching loss of its latest Pharaoh is hardly novel. What's different about this transition is that it is shaking the world. Read MarketWatch commentary on the Egyptian crisis

Verizon ends iPhone preorders after two hour due to heavy demand

Verizon Wireless (VZ) said Friday that it has stopped taking preorders for the iPhone 4 — just 17 hours after the device went on sale at the carrier. In a statement, Verizon said it halted orders at 8:10 p.m. Eastern Thursday. The company said it sold more units of the popular Apple Inc. (AAPL) device in the first two hours of availability than any other device launch in its history, but did not provide specific numbers. The phone will be available for purchase Feb. 10 for customers who did not preorder the device. Read MarketWatch coverage of Verizon

J.P. Morgan faces suit over alleged Madoff role

The trustee for the liquidation of Bernard Madoff's disgraced investment firm on Thursday said a complaint against J.P. Morgan Chase & Co. initially filed under seal on Dec. 2, 2010 would be unsealed and made available to the public. The suit seeks to recover nearly $1 billion in fees and profits and an additional $5.4 billion in damages for J.P. Morgan's role as the primary banker "aiding and abetting Madoff's fraud." Read MarketWatch coverage of J.P. Morgan suit

What Egypt's turmoil means for your portfolio

Most people understand the historic nature of the events unfolding in the Mideast. What might be less evident is what it all means for your portfolio, especially if some of your investments are allocated to that part of the world. Larry Seruma, chief investment officer of Nile Capital Management, which manages the Nile Pan Africa fund, said the events in Egypt, in the main, are unlikely to affect adversely the portfolios of most Americans. Read MarketWatch story on Egypt and your portfolio

MarketWatch Personal Finance Daily : Be a smart Facebook investor

Personal Finance Daily
FEBRUARY 04, 2011

Friday's Personal Finance Stories

By MarketWatch

Don't miss these top stories:
The growth of new types of trading platforms means more investors can buy shares in companies that have yet to go public. Exhibit A: Facebook. But shoveling money into a company that doesn't want to release its financial information may not be your best bet.

Read John Letzing's Weekend Investor story today for more on investing in Facebook, Twitter, Groupon and other closely held companies.

Also, don't miss Amy Hoak's video on the home-improvement project that does the best job of recouping your costs when you go to sell, and read Eva Rosenberg's TaxWatch on February tax deadlines you don't want to miss.

Andrea Coombes , Personal Finance editor

Be a smart buyer of Facebook, other hot shares

It's possible to buy shares of Facebook, Twitter, Groupon and other hot, privately held firms. The question is, do you really want to?
Read more: Be a smart buyer of Facebook, other hot shares.


A home-improvement project that pays

Looking for the home improvement with the best return on investment? Try a new front door or garage door. You may even cut your energy bills. MarketWatch's Amy Hoak reports.
Watch video: A home-improvement project that pays.

The case for Sunbelt real estate

You probably don't want to hear this, but it's glorious down here. Highs in the 80s. Lows around 65. The pools are busy.
Read more:The case for Sunbelt real estate.

Builder fails to deliver new homes as promised

Sometimes, builders or contractors can't or won't deliver on their promises. The warning: Make sure your deposit money is placed in separate escrow account.
Read more: Builder fails to deliver new homes as promised.


Tax tips for February

Here's what you need to get done this month, to be sure you're ready to file your tax return on time.
Read more: Tax tips for February.


Small-market Super Bowl no problem for NFL

Even though neither team is from a major media market, this year's Super Bowl may be the most-watched program in history, highlighting the benefits of the NFL's all-for-one approach.
Read more: Small-market Super Bowl no problem for NFL.

Airlines accommodate stranded Super Bowl fans

Carriers struggle to accommodate some 800,000 passengers stranded by this week's icy weather, including football fans traveling to Dallas for the big football game.
Read more:


New Janus fund is long on hype, short on delivery

Investors love taking two steps forward, but hate taking one step back. That fear of losses has kept many investors on the sidelines in recent years.
Read more: New Janus fund is long on hype, short on delivery.

Commentary: Many predict strength now, trouble later

A growing number of previously bearish advisers are now forecasting that the stock market will be strong over the next several weeks and months, thereby postponing the more major trouble that they were otherwise envisioning. Contrarian analysis is suspicious.
Read more: Many predict strength now, trouble later.


Don't forget old-fashioned ways in your job search

It's still tough out there despite the drop in the jobless rate. And, while technology is your friend as you search for a job, don't forget that people-to-people contact is key to actually getting one.
Listen to podcast: Don't forget old-fashioned ways in your job search.

Pandora workers walked the long start-up road

Given the surging, multibillion-dollar valuations being bestowed upon young companies such as Facebook, Twitter and Groupon, it's easy to believe that working for a tech start-up is a quick, easy path to riches.
Read more: Pandora workers walked the long start-up road.

Creating jobs should be a top priority

Data released Friday by the Bureau of Labor Statistics provide some immediate insight into President Obama's argument in his State of the Union speech that the key to creating jobs and a strong middle class is to boost U.S. competitiveness and innovation.
Read more: Creating jobs should be a top priority.

Only thing we know is job crisis isn't over

The only sure conclusion we can take from a very muddled January jobs report is that the crisis in unemployment is still with us.
Read more: Only thing we know is job crisis isn't over.

Squeezing wages keeps inflation bottled up

The chief reason why the unemployment rate remains so high, and the reason most people don't expect much inflation over the next year or two, is that American businesses are expert at squeezing all they can out of labor.
Read more: Squeezing wages keeps inflation bottled up.

Jobless rate falls to 9%; weather hits payrolls

The nation's unemployment rate falls to 9% in January from 9.4% in the previous month, Labor Department data show, with nonfarm payrolls expanding by a less-than-forecast 36,000.
Read more: Jobless rate falls to 9%; weather hits payrolls.

Reactions to January payrolls report

Lawmakers, analysts and others react to the January payrolls report.
Read more: Reactions to January payrolls report.


Verizon sells out iPhone preorders on first day

The wireless carrier stops taking preorders for the popular device just 17 hours after it went on sale.
Read more: Verizon sells out iPhone preorders on first day.

The Daily has the buzz as the iPad's paper

If a new product's first test is its ability to create a buzz, then News Corp.'s iPad newspaper, The Daily, passed with flying colors.
Read more: The Daily has the buzz as the iPad's paper.

Financial And Forex Info News | KITCO NY Market Close Report.


New York Market Close Feb 04/11 05:20 PM EST

Evening Market Wrap: Stocks Notch Modest Gains Despite Lukewarm Jobs Report - U.S. Commentary

Evening Market Wrap
Friday, February 4, 2011, 17:01

Stocks were able to end mostly higher on Friday, as traders considered the overall upbeat tone to the week's economic data while shrugging off a muddled January jobs report. Still, the buying came with a sense of caution, with Egypt still embroiled in chaos, threatening economic and political stability in the Middle East. Full Article
Economic News
U.S. employment increased by much less than anticipated in the month of January, according to a report released by the Labor Department on Friday, with the weaker than expected job growth partly due to impact of the severe winter weather during the month. The Labor Department said non-farm payroll employment rose by 36,000 jobs in January following an upwardly revised increase of 121,000 jobs in December. Economists had expected an increase of about 150,000 jobs. Full Article
Corporate News
Verizon Wireless, a joint venture of Verizon Communications (VZ) and Vodafone Group Plc (VOD, VOD.L), Friday said online pre-orders for Apple Inc.'s (AAPL) latest mobile phone model iPhone 4 hit records yesterday. The company closed the pre-orders and will launch iPhone 4 in the general market on February 10. iPhone's arrival on Verizon Wireless ends a five-year exclusive contract of Apple with AT&T (T). The new contract between Apple and Verizon Wireless is multiyear and non-exclusive. Existing Verizon customers were able to pre-order the device on February 3. Full Article
Consumer products maker Clorox Co. (CLX) on Friday reported an 81 percent plunge in profit for the second quarter, hurt by an impairment charge and a decline in sales that reflects the challenging economic environment as well as continued softness in its US categories. Looking ahead to fiscal year 2011, Clorox lowered its earnings outlook, while maintaining its sales growth outlook for the year. Full Article
Fortune Brands, Inc. (FO), a maker of distilled spirits, home goods and golf products, reported Friday a sharp increase in fourth-quarter profit, as sales grew across all of its three business units. Adjusted earnings per share decreased from last year, but came in above market expectations. Further, the company said its separation plan for its three businesses are on track and expects to complete in the second half of the year. Full Article
Specialty glass and ceramics company Corning, Inc. (GLW) said Friday that it plans to achieve $10 billion in sales by 2014. The company's executives will detail a plan to achieve this growth at its annual investor meeting in New York later in the day. The company intends to grow its annual sales about 52% by 2014 from the $6.6 billion it achieved in fiscal 2010. Full Article
Meat products producer Tyson Foods Inc. (TSN) reported Friday a significant rise in profit for the first quarter, mainly driven by strong growth in sales volume and meat pricing. Total sales increased 14.8 percent and beat market estimates. Further, the company noted that the year 2011 has the potential to be comparable to previous year, despite challenges. Full Article
Home builder PulteGroup, Inc. (PHM) on Friday reported a wider loss for the fourth quarter, hurt by one-time charges and a 29 percent decline in home closings. However, the company said that the U.S. housing market is showing signs of stabilizing as January buyer traffic and sales trends were encouraging. Shares of the company are up more than 4 percent in the per-market trading. Full Article
Health insurance company Aetna Inc. (AET) reported Friday a rise in fourth-quarter profit, reflecting a decline in health care costs despite a drop in premium revenues. Earnings per share and revenues came in above analysts' consensus estimates. The company also provided full year 2011 operating earnings per share outlook, which is above market view. Full Article
Political News
A mixed report on U.S. employment in the month of January has garnered an unsurprisingly mixed reaction from both sides of the political aisle. While the White House has sought to highlight the positives in the report, House Speaker John Boehner, R-Ohio, argued that the report is a sign that the government's stimulus spending isn't working. Full Article
Three leading Republican Senators introduced legislation Thursday night to permanently extend three provisions of the Patriot Act that are set to expire at the end of February. The Senators said the legislation would permanently extend the provision authorizing roving wiretaps of terrorism suspects, the “lone wolf” provisions, and the Section 215 orders for business records. Full Article

NYT: Afternoon Business News: Germany and France Roll Out Plan to Boost Euro.


Germany and France Roll Out Plan to Boost Euro

The move prompted immediate opposition but could create an embryonic economic government for Europe.
Wealth Matters

Will the I.R.S. Find the Overseas Stash? Take Your Chances

The penalties are severe, but some people continue to try to dodge the I.R.S. and quietly keep money overseas.

Suit Says Mets Owners Ignored Warnings on Madoff

The owners "consciously disregarded" signs of fraud, according to a suit on behalf of Bernard Madoff's victims.

E.U. Leaders Seek Common Energy Negotiations

A proposal, due in June, would give the European Commission authority to participate in negotiating with energy exporters like Russia in an effort to improve prices and security of supplies.

Financial District Adapts as Banks Leave

A part of the city once dominated by the financial industry has become more diverse in the past decade.

U.S. Maket At Close


U.S. Market Indexes At Close

Major Indexes
    LastChange  % Chg
DJIA*12092.15 29.89   0.25
Nasdaq*2769.30 15.42   0.56
S&P 500*1310.87  3.77         0.29
DJ Total Stock Market*13818.30 36.84   0.27

Source: Wall Street  Journal 

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Due to technical problems  of our system , since  yesterday evening , we won't be able to  get   you with  the select ed  economic, financial, and political,  information as  every every day we do. . A not programmed maintenance  of the system oblige us to so . We will  close for today our site  and coming back , if not  tonight.,  Sunday afternoon.

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 ¡¡¡Stay Tune!!!
Fernando Guzman Cavero.