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Australian Index Drop 1.6%; Wesfarmers Sales Up

Marcus Jacob
28 Jul, 2011
New York City

Australian stocks dropped after the U.S. markets declined as much as 2% on the prospect of the debt default. Banks and resources linked companies traded lower as the U.S. lawmakers act recklessly with the debt negotiations and put global growth at risk. The Australian dollar traded at a new high.

Amazon.com Q2 Earnings Call Transcript

123jump.com Staff
28 Jul, 2011
New York City

The online retailer net sales soared 51% to $9.91 billion in the quarter. Net quarterly income fell 8% to $191 million. Earnings per share slid to 41 cents versus 45 cents per share a year-ago quarter. The company estimates net sales of $10.3 billion to $11.1 billion for the third quarter.

S&P Index Drops 2%, U.S. Risks AAA Rating Downgrade

Bikram Pandey
27 Jul, 2011
New York City

U.S. stocks declined sharply as the debt impasse continues and House Speaker John Boehner struggles to gain support of the Republic Party members for his plan. The U.S. debt rating could be lowered by at least one rating agency.

U.S. Movers: Amazon, Boeing, ConocoPhillips, Juniper, Norfolk, Zimmer

Mukesh Buch
27 Jul, 2011
New York City

Aetna second quarter net income increased 9% to $536 million. Amazon.com second quarter net income decreased 8% to $191 million. ConocoPhillips quarterly net income declined to $3.4 billion. Boeing second quarter net income increased 20% to $941 million.

U.S. Debt-Talks Impasse Finally Catches Up With Markets

Bikram Pandey
27 Jul, 2011
New York City

U.S. stocks declined as markets finally began to digest to possible impact of the failure to increase debt ceiling by the deadline August 2. The indexes turned lower and dragged markets in Europe. Amazon sales soared 50% and Boeing lifted its earnings outlook.

European Markets Struggle; SAP Rises on Earnings, Peugeot Down 8%

Devan Biswas
27 Jul, 2011
New York City

European markets turned lower after bank lending in the euro-zone rose at a slower pace in June. Swiss leading indicator index declined for the third month in a row and Italian manufacturing index weakened. SAP AG gained after it reported a strong quarter and Peugeot Citroen declined 8%.

Nikkei in Tokyo Eases 0.5%; Fanuc Net Up 34%, Orix Net Soars 44%

Nigel Thomas
27 Jul, 2011
New York City

Stocks in Japan declined after positive earnings were overshadowed by the rising debt tensions in the U.S. Fanuc Ltd reported higher earnings and lifted its current quarter view. The leasing company Orix also reported 44% increase in net. The dollar declined below 78 yen mark.

Inflation in Australian Jumps, Australian Dollar Record

Marcus Jacob
27 Jul, 2011
New York City

Australian stocks declined after inflation accelerated in the second quarter. Food and household services prices increase lifted inflation in the second quarter to 0.9% from the first quarter and rose 3.6% on an annual basis. Banks, steelmakers declined after the Australian dollar rose to a record.

Netflix Q2 Earnings Call Transcript

123jump.com Staff
27 Jul, 2011
New York City

The online movie renter quarterly revenues rose 52% to $788.6 million. Net quarterly income surged 77% to $68.2 million. Earnings per share grew to $1.26 from 80 cents per share a year ago quarter. Netflix added 1.80 million net new subscribers in the U.S. compared to 1.03 million a year earlier.

U.S. Stocks in Holding Pattern; Political Worries Overshadow Earnings

Bikram Pandey
26 Jul, 2011
New York City

U.S. stocks struggled as mixed earnings and growing uncertainty in Washington weighed on the sentiment. 3M, Ford and Netflix led the decliners. U.S. new home sales weakness highlighted ongoing weakness in the economy and home prices in the metropolitan areas declined. Oil, copper and gold gained.

U.S. Movers: 3M, Biogen, Cummins, Ford, T. Rowe, Valero, Western Union

Mukesh Buch
26 Jul, 2011
New York City

3M second quarter net income rose to $1.16 billion but Biogen second quarter net income decreased to $288 million. Cummins second quarter net income soared to $505 million. Ford second quarter net income decreased to $2.4 billion. Valero net income increased to $744 million.

European Indexes Weak; UBS Net Drops 50%, BP Profit Down 21%

Arjun Dave
26 Jul, 2011
New York City

The European markets struggled as investors digested a string of mixed earnings. BP Plc reported sharply lower profit on a weak production outlook and the largest Swiss bank UBS said quarterly net was cut in half on revenue fall of 14%.

U.S. Indexes Calm as Debt Talks Anxieties Rise; Strong Earnings

Devan Biswas
26 Jul, 2011
New York City

The U.S. indexes struggled as earnings were ahead of expectations but debt-talks uncertainty unnerved investors. The U.S. is facing a government shutdown and a rating downgrade if the lawmakers fail to agree on a spending cut plan and lift debt ceiling before August 2.

Nikkei in Tokyo Trades Higher Yen Scales Up

Nigel Thomas
26 Jul, 2011
New York City

Stocks in Japan rebounded on the hopes of better than expected earnings. Canon and Kao revised earnings estimates higher. Metals and resources linked companies gained as gold and oil trade near recent highs.

Australian Stocks Rebound; Consumer Spending to Recover

Marcus Jacob
26 Jul, 2011
New York City

Australian stocks rebounded as commodities prices hovered near the recent highs. The RBA Governor Glenn Stevens noted that rises in commodities prices shipped from Australia may stabilize but sounded optimistic about the improvement in consumer spending.

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