Apr 19, 2013
Economic News -April 19, 2013-.
A leading indicator for China's economic performance recorded no change in March after a notable growth in the previous month, suggesting that the economic momentum is waning with the government tightening its grip on the real estate sector. The leading economic indicator (LEI) remained unchanged at 258.3 in March, following a 1.2 percent increase in February and a 1.7 percent rise in January. (Apr 19, 2013) Full Article
International Business Machines Corp. (IBM) on Thursday reported a decline in earnings, as it failed to close a number of software and mainframe transactions during the first quarter. The results fell short of consensus. (Apr 19, 2013) Full Article
Microsoft Corp. (MSFT) on Thursday reported a jump in third-quarter earnings that came in ahead of estimates, on back of revenue growth across all its business divisions. The Software giant's chief financial officer Peter Klein is leaving at the end of June. (Apr 19, 2013) Full Article
Google Inc. (GOOG) on Thursday reported a climb in earnings for the first quarter, helped by strength in advertising business. The search engine giant's profit for the period breezed past estimates, while revenue missed view. (Apr 19, 2013) Full Article
Capital One Financial Corp. (COF) on Thursday reported a drop in earnings for the first quarter from last year, when the lender booked a hefty gain from its acquisition of ING Direct USA. Revenues rose from last year and beat expectations, on continued growth at its Domestic Card business. (Apr 19, 2013) Full Article
Schlumberger Ltd. (SLB) on Friday reported a decline in first-quarter earnings, due to higher charges, while adjusted earnings came in ahead of Street view, as strong drilling activity outside North America boosted revenues. (Apr 19, 2013) Full Article
Friday, Honeywell International Inc. (HON) reported a higher-than-expected profit for the first quarter, helped by better margins. The company lifted the lower end of its annual earnings forecast. (Apr 19, 2013) Full Article
McDonald's Corp (MCD) on Friday reported a marginal rise in first-quarter net profit, as same store sales in U.S. restaurants declined from last year. Earnings per share missed estimates, while revenue came in ahead of view. (Apr 19, 2013) Full Article
Todays WS Events
Baker Hughes Q1 13 Earnings Conference Call At 8:00 AM ET
Baker Hughes. (BHI) will host a conference call at 8:00 AM ET April 19, 2013, to discuss its Q1 13 earnings results. To access the live webcast, log on at www.bakerhughes.com/investor A call can be accessed by dialing 800-446-1671 (US or 847-413-3362 (International). For replay a call, dial 888-843-7419 (US) or 630-652-3042 (International) with access code is: 34404573 (Apr 19, 2013)
General Electric Q1 13 Earnings Conference Call At 8:30 AM ET
General Electric Co (GE) will host a conference call at 8:30 AM ET on April 19, 2013, to discuss its Q1 13 earnings result. To access the live webcast, log on at http://www.ge.com/investor-relations (Apr 19, 2013)
Genuine Parts Q1 13 Earnings Conference Call At 11:00 AM ET
Genuine Parts Co (GPC) will host a conference call at 11:00 AM ET on April 19, 2013, to discuss its Q1 13 earnings results. To access the live webcast, log on at www.genpt.com To hear the live call, dial 877-331-5106 with passcode 29857123 . A replay of the call can be heard by dialing 855-859-2056 with ID 29857123 (Apr 19, 2013)
Honeywell International Q1 13 Earnings Conference Call At 9:30 AM ET
Honeywell International Inc.(HON) will host a conference call at 9:30 AM ET April 19, 2013, to discuss its Q1 13 earnings results. To access the live webcast, log on at http://www.honeywell.com/investor A call can be accessed by dialing (800) 894-5910 (US) or (785) 424-1052 (International) with passcode: HONQ113. For replay a call, dial (800) 753-6121 (US) or (402) 220-2676 (International) (Apr 19, 2013)
McDonald's Q1 13 Earnings Conference Call At 11:00 AM ET
McDonald's Corp. (MCD) will host a conference call at 11:00 AM ET on April 19, 2013, to discuss its Q1 13 earnings results. To access the live webcast, log on at https://mcdonalds.webcasts.com/starthere.jsp?ei=1015815 (Apr 19, 2013)
Rockwell Collins Q2 13 Earnings Conference Call At 9:00 AM ET
Rockwell Collins (COL) will host a conference call at 9:00 AM ET on April 19, 2013, to discuss its Q2 13 earnings result. To access the webcast, log on at www.rockwellcollins.com (Apr 19, 2013)
Schlumberger Q1 13 Earnings Conference Call At 9:00 AM ET
Schlumberger Ltd. (SLB) will host a conference call at 9:00 AM ET on April 19, 2013, to discuss its Q1 13 earnings results. To access the live webcast log on to www.slb.com/irwebcast To listen to the live call, dial +1-800-288-9626 (US) or +1-612-332-0345 (International). For a replay call, dial +1-800-475-6701 (US) or +1-320-365-3844 (International), access code 280257 (Apr 19, 2013)
State Street Q1 13 Earnings Conference Call At 9:30 AM ET
State Street Corp. (STT) will host a conference call at 9:30 AM ET on April 19, 2013 to discuss Q1 13 earnings results. To access the live webcast, log on to www.statestreet.com/stockholder To listen to the call, dial +1 888/391-4233 (US) or +1 706/679-5594 (International) with Conference ID #28538936 . For a replay call, dial + 1 855/ 859-2056 (US) or +1 404/537-3406 (International) with Conference ID # 28538936 (Apr 19, 2013)
DealBook Today's Top Headlines -April 19, 2013-.: Blackstone Said to Drop Out of Dell Bidding | SeaWorld Prices I.P.O. at Top of Range | Risk Redux on Wall St. | Blankfein's Fashion Secrets
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Wall Street To Push Ahead Despite Lukewarm Tech Earnings: RTTNews US Market Commentary -April 19, 2013-.
US Market Commentary
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MarketWatch I U.S. Stock Market Future Indications -April 19, 2013-: Stock futures higher as global equities rise
By William L. Watts, MarketWatch
FRANKFURT (MarketWatch) — U.S. stock index futures gained ground Friday, keeping in step with global equity gains but still leaving Wall Street on track for a weekly loss in the wake of lackluster earnings and concerns about growth prospects.
Futures on the Dow Jones Industrial Average DJM3 +0.53% rose 81 points, or 0.6%, to 14,491, while S&P 500 Index futures SPM3 +0.70% gained 9.5 points to 1,543.50. Nasdaq 100 futures advanced 15.5 points to 2,755.
Earnings, weak data fuel stock slump
Technology and consumer stocks led the market's decline following a basket of lackluster earnings reports. Chris Dieterich reports.
“Today, plentiful liquidity, reasonable valuation and low inflation offer some reassurance, even if the near-term picture is clouded with cyclical, seasonal and earnings concerns,” he said.
U.S. stocks fell for a second consecutive day Thursday following a run of disappointing earnings. The Dow Jones Industrial Average DJIA -0.56% was down 2.2% week-to-date after Thursday’s close.
But Asian stocks started the global trading day Friday with strong gains, with traders taking a positive view on a rebound in commodity prices. The Shanghai Composite CN:000001 +2.14% rose 2.1%, while Japan’s Nikkei Stock Average JP:NIK +0.73% climbed 0.7%.
Skeptics contend it will be difficult to drum up lasting bargain-hunting interest.
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The Dow is still squaring up “to face its biggest weekly loss in almost a year and some further mixed earnings news last night has done little to help rally sentiments ahead of the weekend break,” said Fawad Razaqzada, market strategist at GFT Markets in London.
“With a very thin economic calendar on the cards for Friday too, it really is difficult to see where any meaningful support is going to come from, as at these levels even the scope for bargain hunting is rather limited,” he said.
Earnings are on tap from Dow components General Electric Co. GE -0.40% and McDonald’s Corp. MCD -0.61% , as well as Honeywell International Inc. HON -0.58% , Kimberly-Clark Corp. KMB +0.70% , Schlumberger Ltd. SLB +0.04% and State Street Corp. STT -1.36% .
Dow component International Business Machines Corp. IBM -1.20% saw pressure in after-hours trade Thursday after posting disappointing results.
Dell Inc. DELL -0.14% will be in focus after Blackstone Group LP ended its pursuit of the computer maker, citing declining personal-computer sales industrywide. Blackstone had aimed to trump the $24.4 billion offer from founder and Chief Executive Michael Dell and private-equity firm Silver Lake Partners.
Meanwhile, dramatic events unfolding late Thursday and in the early hours of Friday have left a Massachusetts Institute of Technology campus officer dead and one suspected bomber in the Boston Marathon is reportedly dead after a shootout with police. Another suspect is reportedly at large. Several areas around the Watertown area around Boston is in police lockdown amid a manhunt for the second suspect. Read the latest
William L. Watts is MarketWatch's European bureau chief, based in Frankfurt. Follow him on Twitter @wlwatts.