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Market Update

India Stocks Decline Ahead of NTPC Divestment

Mayank Mehta
02 Feb, 2010
New York City

Stocks in Mumbai declined ahead of NTPC divestment tomorrow. Motorcycles and auto makers report surging sales in January. Cement makers report stronger than expected sales in the previous month.

Greece Wins EC Support; Miners Advance

Mayank Mehta
02 Feb, 2010
New York City

European producer prices in December edged up from November but declined in every month in 2009. The monthly decline is the longest stretch of decline in ten years. Greek bond yields increased. Belgian telecom operators declined after the regulator sough lower termination fees.

UK: Construction Expands; BP Falls on Earnings

Mayank Mehta
02 Feb, 2010
New York City

BP Plc declined after it reported lower than expected continuing operating income. Net investment flows picked up in 2009 and exceeded previous record of

Whirlpool, Barnes & Noble, Lexmark Rise

Mayank Mehta
02 Feb, 2010
New York City

Whirlpool Corp surged after it offered better than expected 2010 outlook. Barnes & Noble soared on a possible buyout from activist investor Ron Burkle. Ann Taylor reported better than expected sales. Comsys IT agreed to be acquired by Manpower.

U.S. Stocks, Home Builders Rise

123jump.com Staff
02 Feb, 2010
New York City

U.S. stocks and commodities traded higher. Barnes & Noble increased after activist investor Ron Burkle sought to increase his stake in the book retailer to 37%. Index of pending home sales increased 1%. Earnings lifted stocks of D.R. Horton and Lexmark International.

Markets in Asia, Europe Higher on Earnings

123jump.com Staff
02 Feb, 2010
New York City

Markets in Asia closed higher tracking gains in the U.S. European markets advanced at mid-day. December industrial producer price index increased 0.1% in November. Australia left its key lending rate unchanged at 3.75%.

Exxon Mobil Q4 Earnings Call Transcript

123jump.com Staff
02 Feb, 2010
New York City

Sales rose 6% to $89.8 billion and net income fell 22% to $6.1 billion or $1.27 per diluted share. downstream operating results in the fourth quarter were a loss of $189 million, down $2.6 billion from the fourth quarter of 2008. Lower margins decreased earnings by $2.2 billion.

Novartis Q4 Earnings Call Transcript

123jump.com Staff
02 Feb, 2010
New York City

Sales rose 28% to $12.9 billion and net income rose 53% to $2.3 billion or $1.01 per diluted share. Productivity improvements account for the 0.9% point increase of the operating income margin. The net income margin is actually down 0.6% points, but it is all related to exceptional items.

E*TRADE Q4 Earnings Call Transcript

123jump.com Staff
02 Feb, 2010
New York City

Sales fell 22% to $420.4 million and net loss was $67 million or 4 cents per diluted share. Total operating expense for the quarter rose $17 million to $318 million. Total net charge-offs in the quarter were $324 million, a decrease of $27 million from the prior quarter.

Texas Q4 2009 Earnings Call Transcript

123jump.com Staff
02 Feb, 2010
New York City

Sales rose 20% to $3.0 billion & net income rose 512% to $655 million or 52 cents per diluted share. Gross margin increased 150 basis points sequentially to 52.9% of revenue, compared with a year ago quarter, gross margin increased 890 basis points.Operating profit for the quarter was $875 million.

Estee Lauder Q2 Earnings Call Transcript

123jump.com Staff
02 Feb, 2010
New York City

Sales rose 11% to $2.26 billion & net income rose and net income rose 62.2% to $256.2 million or $1.28 a share. Gross margin improved by 150 basis points this quarter to 76.6%. Operating expenses as a percentage of sales for the quarter improved 290 basis points to 58.9% compared to 61.8% last year.

Colgate-Palmolive Q4 Earnings Call Transcript

123jump.com Staff
02 Feb, 2010
New York City

Sales rose 11.5% to $4.08 billion & net income rose 27% to $631 million or $1.21 a share. The 5.5% volume growth in North America, Operating cash flow was excellent up 42% which should enable to fund increased dividends & stock repurchases. Operating profit was strong.

Shanghai Stocks Decline; Anhui, Sinoma Soar

Mayank Mehta
01 Feb, 2010
New York City

Stocks in Shanghai dropped on the worries that China will tighten lending conditions after the comments from Deputy Governor of People

Australian Stocks Fall Ahead of Rate Decision

Darlington Musarurwa
01 Feb, 2010
New York City

Australian investors took a cautious view ahead of the RBA meeting and rates are expected to increase by 25 basis points to 4%. Australia

Auto Sales in Japan Rebound; Honda Recall

Darlington Musarurwa
01 Feb, 2010
New York City

January new vehicles sales rise 36.8% in Japan. U.S regulators approve Toyota