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Market Update

Nasdaq Leads Q2 Gains With 20% Rise

123jump.com Staff
01 Jul, 2009
New York City

U.S. stocks closed lower after consumer confidence declined. Foreclosures rate surged on prime and all loans in the first quarter. Home price index decreased 18.1% in April across the top 20 cities. Dow rose 11%, S&P 500 added 15% and Nasdaq increaesed 20% in the second quarter.

Sensex in India Falls; GMR Infra Plunges

123jump.com Staff
30 Jun, 2009
New York City

Mumbai stocks fell ahead of budget announcements. Infrastructure stocks plunged after GMR shelved its plan to raise capital and Unitech was forced to sell warrants to founding investors group.

Kroger Q1 Earnings Call Transcript

123jump.com Staff
30 Jun, 2009
New York City

The grocery chain retailer quarterly sales dipped 1.5% to $22.8 billion. Net quarterly income rose 12.6% to $435.1 million. Earnings per share increased to 66 cents from 58 cents a year-ago quarter. The company estimates earnings between $2.00 and $2.05 a share for fiscal 2009.

Darden Restaurant Q4 Earnings Call Transcript

123jump.com Staff
29 Jun, 2009
New York City

Darden fourth quarter sales rose 8% to $1.98 billion and net earnings from continuing operations grew 18.87% to $122.8 million, performing well above Knapp-Track benchmark. Earnings per share were 87 cents as against 71 cents in the prior year quarter.

Jabil Circuit Q3 Earnings Call Transcript

123jump.com Staff
29 Jun, 2009
New York City

Jabil third quarter earnings dropped 13.3% to $2.6 billion with a loss of $28.8 million as against profit of $38.4 million a year ago. Earnings per share were a loss of 14 cents against profit of 19 cents in the prior year quarter.

Australian Stocks Point Higher; ROC Oil Drops

123jump.com Staff
29 Jun, 2009
New York City

Australian stocks are expected to open higher on the back of global markets rally. Crude oil in New York closed above $71 a barrel. ROC Oil Company raised A$69 million.

Oil Above $71; Global Stocks Higher

Mukesh Buch
29 Jun, 2009
New York City

Global markets closed higher as the rising commodities prices lifted resource stocks. Crude oil traded above $71 a barrel and copper rebounded. Disgraced former chairman of Nasdaq Bernard Madoff was sentenced to 150 years in jail. The U.S. has been at the center of largest crimes against investors.

In Europe Celesio, Lafarge, Holcim Rise

123jump.com Staff
29 Jun, 2009
New York City

European stocks closed higher as confidence increased on optimistic outlook for the regional economy. Celesio acquired controlling stake in the largest Brazilian drug wholesaler. Lafarge and other cement makers increased after a German court lowered the antitrust fine.

UK Lending Stalls; National Express Soars 9%

123jump.com Staff
29 Jun, 2009
New York City

UK stocks closed higher in weak trading. Gross mortgages issued in May matched the lows last seen in 2000 at

Exxon, SLM Corp Rise; Biogen, State Street Drop

Mayank Mehta
29 Jun, 2009
New York City

SLM Corp led gainers in the S&P 500 index with a rise of 6.2%. Alcoa Inc continues penetration in oil and gas market. Biogen Idec Inc reports tent case of brain infection. Oil companies traded higher as crude oil price climbed.

U.S. Stocks Up, Higher Oil; BIS Inflation Alarm

123jump.com Staff
29 Jun, 2009
New York City

The Bank for International Settlements that holds reserves of its central bank members highlighted risks of inflation as banks may be slow in withdrawing stimulus to the economies around the world.

Teppco Agreed to Revised $3.3 B Offer

123jump.com Staff
29 Jun, 2009
New York City

Teppco agreed to be acquired by Enterprise Products Partners to create one of the largest energy in the mid-stream segment of the market. The revised offer values each unit of Teppco at $31.36. The deal creates one of the largest and healthy partnerships to transport crude oil and natural gas.

Tokyo Stocks Down; Mizuho, Daiwa Offerings

Darlington Musarurwa
29 Jun, 2009
New York City

Tokyo benchmark index fell 1% Daiwa Securities planned to raise $2.4 billion and Mizuho Financial Group plans to raise $6.2 billion. The industrial production index in May increased 5.9% in Japan. Shipping lines, brokerages and real estate companies led the decliners.

Suzlon Net Drops; Mahindra Holidays IPO

Mayank Mehta
29 Jun, 2009
New York City

Mumbai stocks traded sideways. Tata Motors dropped after it reported annual net loss. Suzlon net declined 10% and plans to raise $1 billion. Mahindra Holidays & Resorts IPO was oversubscribed ten times.

Oracle Q4 Earnings Call Transcript

123jump.com Staff
28 Jun, 2009
New York City

The software maker sales decreased 5% to $6.86 billion in the quarter. Net quarterly income declined 7% to $1.89 billion impacted by a stronger dollar and lower sales. Earnings per share dipped marginally to 38 cents from 39 cents a year-ago quarter.