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Showing posts with label 2012).. Show all posts
Showing posts with label 2012).. Show all posts
Jan 23, 2013
Mineweb Top Stories (January 23, 2012).: Despite ‘abnormal’ year, FCX’s 4Q net profit exceeds expectations.
Jan 18, 2013
RTTNews | U:S: Commentary (January 18, 2012).
Stocks May Show A Lack Of Direction On Mixed Earnings News - U.S. Commentary
1/18/2013 8:57 AM ET
After moving notably
higher over the course of the previous session, stocks may show a lack
of direction in early trading on Friday. The major index futures are
currently pointing to a roughly flat open for the markets, with the Dow futures up by just 7 points.
A mixed reaction to the latest batch of earnings news is likely to contribute to choppy trading amid a relatively light day on the economic front.
Shares of General Electric (GE) are moving significantly higher in pre-market trading after the industrial conglomerate reported fourth quarter earnings that exceeded analyst estimates on revenues that increased by more than anticipated.
Financial giant Morgan Stanley (MS) is also likely to see early strength after reporting a better than expected fourth quarter profit compared to a year-ago loss.
On the other hand, semiconductor giant Intel (INTC) is likely to come under pressure in early trading after reporting fourth quarter earnings and revenues that fell year-over-year.
Intel's quarterly earnings exceeded analyst estimates, but the revenues came in below expectations and the company also gave downbeat revenue guidance for the first quarter.
American Express (AXP) could also be in focus after the credit card giant reported a fourth-quarter profit that fell sharply year-over-year, hurt mainly by hefty one-time charges including the restructuring expense related to 5,400 job cuts.
While the economic calendar is relatively quiet following the slew of data released over the past few days, traders are still likely to keep an eye on a reading on consumer sentiment.
Reuters and the University of Michigan are scheduled to release their preliminary reading on consumer sentiment in the month of January at 9:55 am ET. Economists expect the consumer sentiment index to climb to 75.0 in January from the final December reading of 72.9.
Stocks
moved notably higher over the course of the trading day on Thursday
after moving roughly sideways over the previous few sessions. The rally
came on the heels of the release of upbeat employment and housing
reports.
The major averages pulled back off their best levels going into the close but still ended the day firmly positive. The Dow rose 84.79 points or 0.6 percent to 13,596.02, the Nasdaq climbed 18.46 points or 0.6 percent to 3,136.00 and the S&P 500 advanced 8.31 points or 0.6 percent to 1,480.94.
The gains lifted the Dow and the Nasdaq to three-month closing highs, while the S&P 500 reached its best closing level in five years.
In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Friday. Japan's Nikkei 225 Index surged up by 2.9 percent, while Hong Kong's Hang Seng Index advanced by 1.1 percent.
Meanwhile, the major European markets have turned mixed on the day. While the German DAX Index has slipped 0.2 percent, the U.K.'s FTSE 100 Index is up by 0.6 percent and the French CAC 40 Index is up by 0.1 percent.
In commodities trading, crude oil futures are sliding $0.27 to $95.22 a barrel after climbing $1.25 to $95.49 a barrel on Friday. Gold futures are edging up $0.50 to $1,691.30 an ounce. In the previous session, gold rose $7.60 to $1,690.80 an ounce.
On the currency front, the U.S. dollar is trading at 89.90 yen compared to the 89.88 yen it fetched at the close of New York trading on Thursday. Against the euro, the dollar is valued at $1.3324 compared to yesterday's $1.3376.
by RTT Staff Writer
A mixed reaction to the latest batch of earnings news is likely to contribute to choppy trading amid a relatively light day on the economic front.
Shares of General Electric (GE) are moving significantly higher in pre-market trading after the industrial conglomerate reported fourth quarter earnings that exceeded analyst estimates on revenues that increased by more than anticipated.
Financial giant Morgan Stanley (MS) is also likely to see early strength after reporting a better than expected fourth quarter profit compared to a year-ago loss.
On the other hand, semiconductor giant Intel (INTC) is likely to come under pressure in early trading after reporting fourth quarter earnings and revenues that fell year-over-year.
Intel's quarterly earnings exceeded analyst estimates, but the revenues came in below expectations and the company also gave downbeat revenue guidance for the first quarter.
American Express (AXP) could also be in focus after the credit card giant reported a fourth-quarter profit that fell sharply year-over-year, hurt mainly by hefty one-time charges including the restructuring expense related to 5,400 job cuts.
While the economic calendar is relatively quiet following the slew of data released over the past few days, traders are still likely to keep an eye on a reading on consumer sentiment.
Reuters and the University of Michigan are scheduled to release their preliminary reading on consumer sentiment in the month of January at 9:55 am ET. Economists expect the consumer sentiment index to climb to 75.0 in January from the final December reading of 72.9.
The major averages pulled back off their best levels going into the close but still ended the day firmly positive. The Dow rose 84.79 points or 0.6 percent to 13,596.02, the Nasdaq climbed 18.46 points or 0.6 percent to 3,136.00 and the S&P 500 advanced 8.31 points or 0.6 percent to 1,480.94.
The gains lifted the Dow and the Nasdaq to three-month closing highs, while the S&P 500 reached its best closing level in five years.
In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Friday. Japan's Nikkei 225 Index surged up by 2.9 percent, while Hong Kong's Hang Seng Index advanced by 1.1 percent.
Meanwhile, the major European markets have turned mixed on the day. While the German DAX Index has slipped 0.2 percent, the U.K.'s FTSE 100 Index is up by 0.6 percent and the French CAC 40 Index is up by 0.1 percent.
In commodities trading, crude oil futures are sliding $0.27 to $95.22 a barrel after climbing $1.25 to $95.49 a barrel on Friday. Gold futures are edging up $0.50 to $1,691.30 an ounce. In the previous session, gold rose $7.60 to $1,690.80 an ounce.
On the currency front, the U.S. dollar is trading at 89.90 yen compared to the 89.88 yen it fetched at the close of New York trading on Thursday. Against the euro, the dollar is valued at $1.3324 compared to yesterday's $1.3376.
by RTT Staff Writer
Jan 16, 2013
MarketWatch | Asian Markets at Close Report (January 16, 2012).: Japan stocks tumble, leading broad Asian losses
By Sarah Turner, MarketWatch
SYDNEY (MarketWatch) — Asian markets mostly declined Wednesday, with
Japanese stocks skidding on a firmer yen and shares in Hong Kong
weakening as financials lost ground.
The Nikkei Stock Average
JP:100000018
-2.56%
tumbled 2.6% to 10,600.44, after ending at a level not seen since April 30, 2010 in the previous session.
Hong Kong’s Hang Seng Index
HK:HSI
-0.10%
declined 0.1%, the Shanghai Composite
CN:000001
-0.70%
dropped 0.7%, South Korea’s Kospi
KR:SEU
-0.32%
slid 0.3% and Taiwan’s Taiex
XX:Y9999
-0.83%
fell 0.8%. Australia’s S&P/ASX 200 index
AU:XJO
+0.46%
closed up 0.5%.
The Dow Jones Industrial Average
DJIA
+0.20%
and the S&P 500 Index
SPX
+0.11%
ended slightly higher in the U.S. on Tuesday, after the release of some
mixed economic data and before this week’s major earnings releases.
Read: U.S. stocks edge up; Apple weighs on tech.
Losses for Japanese stocks Wednesday came as the dollar
USDJPY
-0.85%
traded at 88.07 yen, down from ¥88.92 in late North American trading on
Tuesday. The yen jumped against the dollar Tuesday, bucking its recent
downward trend, following reports the country’s economy minister Amira
Amari will attend the next Bank of Japan meeting.
Read Currencies report.
“In and of itself, the attendance of the Economics Minister at a Bank of
Japan meeting is not unusual, but given Amari’s recent warning about
yen weakness, expectations of aggressive BOJ easing were pared back a
touch,” said Sue Trinh, strategist at RBC Capital Markets.
Companies that have seen some gains in recent sessions amid yen weakness pared some of that strength on Wednesday.
Fuji Heavy Industries Ltd.
JP:7270
-2.87%
FUJHY
-1.45%
fell 2.9%, Nikon Corp.
JP:7731
-4.62%
NINOY
-2.56%
down 4.6% and Honda Motor Co.
JP:7267
-2.96%
HMC
-0.91%
dropped 3%.
Heavyweight retailer Fast Retailing Co.
JP:9983
-4.62%
FRCOF
-1.67%
fell 4.6% after a downgrade to neutral from buy at Goldman Sachs, with
the broker saying that the firm’s earnings outlook has now largely been
priced in, Dow Jones Newswires reported.
Shares of All Nippon Airways Co.
JP:9202
-1.62%
ALNPY
0.00%
fell 1.6%, but outperformed the broader market. Japanese broadcaster
NHK reported the airline was to ground its entire fleet of 17 Boeing Co.
BA
+0.51%
Dreamliners after a 787 aircraft made an emergency landing as it headed toward western Japan.
Rival Japan Airlines Co.
JP:9201
+1.80%
rose 1.8%, shrugging off reports that it would also ground its
Dreamliners Wednesday. The airline has a fleet of 7 Dreamliner planes,
with five currently in service, the Wall Street Journal reported.
Wednesday saw mainland Chinese financials retreat in Hong Kong, pulling back after recent gains. Bank of Communications Co.
HK:3328
-1.27%
BCMXY
+3.57%
dropped 1.3% and Industrial & Commercial Bank of China Ltd.
HK:1398
-0.68%
IDCBY
+0.80%
fell 0.7%.
China Petroleum & Chemical Corp.
HK:386
-1.63%
SNP
-0.44%
fell 1.6% in the energy sector, while China Coal Energy Co.
HK:1898
-1.25%
CCOZY
+3.13%
slid 1.3%.
On the Chinese mainland, losses were also concentrated in financials, with Bank of Communications Co.
CN:601328
-1.59%
down 1.6%, and Agricultural Bank of China Ltd.
CN:601288
-2.11%
off 2.1%.
Property firms also sagged, with Gemdale Corp.
CN:600383
-2.86%
down 2.9% and Poly Real Estate Group Co.
CN:600048
-3.42%
3.4% lower.
South Korean trading saw gains for auto makers, in contrast to Japan, with Hyundai Motor Co.
KR:005380
+0.72%
HYMTF
-4.69%
up 0.7%, and affiliate Kia Motors Corp.
KR:000270
+2.25%
KIMTF
-1.81%
2.3% higher.
However, technology heavyweight Samsung Electronics Co.
KR:005930
-1.32%
SSNLF
0.00%
fell 1.3% and LG Electronics Inc.
KR:066570
-1.36%
LGEIY
0.00%
declined 1.4% to weigh on the market.
In Australian trading, healthcare stocks were outperforming, as blood products group CSL Ltd.
AU:CSL
+3.51%
CMXHY
+1.32%
gained 3.5% and hearing aid firm Cochlear Ltd.
AU:COH
+0.89%
CHEOY
+0.31%
advanced 0.9%.
Sarah Turner is MarketWatch's bureau chief in Sydney. Follow her on Twitter @SarahTurnerMKTW.
Jan 14, 2013
Money Show Traders Daily Alert (January 14, 2012).
Traders Daily Alert
Tips for Traders
Bounce or Scalp: What's the Diff?, Michael Bellafiore
Options Idea
How Special Dividends Affect Option Trading, Alex Mendoza
Charts in Play
Big Week for Big Banks, Tom Aspray
Currency Corner
The Forex Trading Week Ahead, Eric Viloria
Trading Idea of the Day
3 Metals Face Glittering Future, Przemyslaw Radomski
Today's Featured Videos & Exclusive Interviews
The Combo Trade, Jennifer Thornburg
Why Currencies is An Investment Class for the Everyday Portfolio, Boris Schlossberg, Kathy Lien
Finding Stock Options to Trade, Andrew Keene
Finding Stock Options to Trade, Andrew Keene
Jan 11, 2013
The Economist | New Selected Articles (January 11, 2012).:
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| Online debate: World economy The optimists have the upper hand in our debate on the outlook for the world economy in 2013. Will the rebuttals change your view? read more » |
NYT: ALERT FGC BOLSA - FGC FINANCIAL MARKETS (January 11, 2012).: Obama Near a Choice on Next Chief of Staff .
Alert Name: FGC BOLSA- FGC FIN
January 11, 2013 Compiled: 12:32 AM
January 11, 2013 Compiled: 12:32 AM
President Obama for the fifth time must choose the aide who will be the
gatekeeper for every problem and person that comes before him.
As he looks back on a tumultuous tenure, Timothy F. Geithner, the Treasury secretary, is remarkably sanguine.
The increase was attributed to seasonal volatility, and other measures, such as wholesale sales, were healthy.
Jan 10, 2013
DealBook P.M. Edition (January 10, 2012).: Herbalife Shares Fall After Company Defends Itself
Thursday, January 10, 2013
TOP STORY
 |
Herbalife Shares Fall After Company Defends Itself The
nutritional supplements company sought to knock down William A.
Ackman's accusations that it is a fraud, but it appeared that investors
are still trying to make up their minds.
 |
Deal Professor: What's at the Center of the Debate Over Herbalife Steven
M. Davidoff says that there are no easy answers here, and that probably
means that the hedge fund combatants William Ackman and Daniel Loeb -
and Herbalife - will be duking it out for some time.
|
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Live Blog: Herbalife Responds to Accusations From Hedge Fund Herbalife
executives made a presentation to analysts and its investors to respond
to accusations by the investor William A. Ackman that their company
operates a pyramid scheme.
|
DEALBOOK HIGHLIGHTS
Judge Postpones Sentencing for Wells Fargo Broker A
California federal judge has delayed the sentencing of Philip Horn, a
Wells Fargo broker who pleaded guilty to defrauding more than a dozen
clients.
Breakingviews: Why an I.P.O. Revival May Have to Wait Yes,
there has been pick-ups in a number of debt markets, but Dominic
Elliott says that equities issuance still faces challenges.
Former UBS Executives Are Grilled Over Libor British
lawmakers accused several former senior executives at the Swiss bank of
"gross negligence and incompetence" in failing to detect that employees
were altering benchmark interest rates for financial gain.
Cerberus to Buy Albertsons Grocery Chain From Supervalu An
investor group led by Cerberus Capital Management agreed on Thursday to
buy a number of grocery chains from Supervalu, including Albertsons,
for about $3.3 billion. The Cerberus-led group will also buy up to 30
percent of Supervalu itself, paying $4 a share in a tender offer.
Returns at Hedge Funds Run by Women Beat the Industry, Report Says Hedge
funds led by female managers produced a return of 8.95 percent through
the third quarter of 2012, significantly outperforming the overall
universe of hedge funds, a report shows.
Private Equity in China: Which Way Out? Of
the 10,000 deals that were done during China's private equity boom of
the past decade, about 7,500 are still searching for an exit.
Buzz Tracker
| |
BlackRock to Buy E.T.F. Unit from Credit Suisse The
giant money management firm agreed on Thursday to buy the
exchange-traded fund business of the Swiss bank Credit Suisse for an
undisclosed price. The unit has around $17.3 billion of assets under
management, and the deal is expected to close by June.
|
LOOKING AHEAD
Economic Reports Data to be released on Friday includes the trade deficit for November and import prices for December.
Corporate Earnings Companies scheduled to release quarterly earnings reports on Friday include Wells Fargo.
In the United States On Friday, the Agriculture Department will issue its monthly crop report.
Quotation of the Day
"The level of ignorance seems staggering to the point of incredulity."
Andrew Tyrie, a British politician, on UBS officials testifying about rate rigging.
Market Watch | Wall Street Market at Close Report (January 10, 2012).: U.S. stocks rise on improved global view:
By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) — U.S. stocks rose on Thursday, lifting the
S&P 500 to a five-year closing high, after data from China bolstered
the view of an improving global economy.
“Chinese growth is accelerating and the market over the last day or so
seems to have taken on a more positive tone as it relates to earnings,”
said Mark Luschini, chief market strategist at Janney Montgomery Scott.
December exports data from China beat expectations, while European
Central Bank President Mario Draghi projected that the euro zone’s
economy would bounce back later this year.
“In Europe the recession is not worsening, Chinese growth is
accelerating and in the U.S., the worst of the fiscal cliff is behind
us. The impact of tax cuts is less than what the CBO initially scored,
which has the potential to lift confidence and as a result business
spending,” said Luschini.
The Dow Jones Industrial Average
DJIA
+0.60%
gained 80.71 points, or 0.6%, to 13,471.22.
Bank of America Corp.
BAC
-0.78%
led blue-chip gains, which included 25 of the Dow’s 30 components.
Banks and other financial companies have drawn support this week as the
government’s consumer finance watchdog on Thursday unveiled mortgage
rules that will make banks use new standards to determine if a borrower
has the ability to repay a mortgage. And several large home-loan
providers earlier in the week came to an accord with regulators to close
a review of foreclosures ordered by the government.
Five days after closing at its highest level since December 2007, the
S&P 500 cleared its five-year closing high of 1,466.47.
The S&P 500
SPX
+0.76%
added 11.10 points, or 0.8%, to 1,472.12, with financials leading
sector gains among its 10 major industry groups.
Financial stocks: Wells Fargo shares rise on eve of results.
Microsoft Corp.
MSFT
+0.30%
fell 0.9% after Morgan Stanley downgraded the globe’s biggest software manufacturer to equalweight from underweight.
Tiffany & Co.
TIF
-4.52%
reported holiday-season sales that hinted the luxury retailer’s rapid
growth of recent years was languishing in the United States, Europe and
Japan. The company projected annual earnings at the low end of its prior
guidance. Shares of Tiffany shed 4.5%.
Read: Tiffany sparkle fades.
“Especially with earnings season beginning, we’re much more focused on
stock-specific reports,” said Dan Greenhaus, chief global strategist at
BTIG LLC.
After falling into the red, the Nasdaq Composite
COMP
+0.51%
recouped to end at 3,121.76, up 15.95 points, or 0.5%.
Shares of Apple Inc.
AAPL
+0.10%
rose 1.2%. The Wall Street Journal reported that Apple CEO Tim Cook
recently met with the chairman of China Mobile, triggering speculation
that the mobile carrier may soon be offering the iPhone.
Read: China Mobile chairman, Apple CEO talk cooperation.
For every stock falling nearly two gained on the New York Stock Exchange, where 727 million shares traded.
Composite volume exceeded 4 billion.
“The jobs data was benign, and the wholesale data nobody cares about,”
said Greenhaus of U.S. economic reports, which had inventories at U.S.
wholesalers up 0.6% in November and new applications for jobless
benefits rising slightly last week. However, the level of jobless claims
revealed little change over the past few months and was consistent with
a modestly improving U.S. labor market.
See: Jobless claims rise to 371,000.
Kate Gibson is a reporter for MarketWatch, based in New York.
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