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Market Update

Abercrombie & Fitch Q1 Earnings Call

123jump.com Staff
19 May, 2009
New York City

The fashion retailer first quarter net sales decreased 24% to $612.0 million while comp sales decreased 30% with a net loss of $26.8 million, compared to net income of $62.1 million last year. The net loss per share was 31 cents as against earnings of 69 cents last year.

Bank Rally Lifts U.S. Indexes; Oil, Copper Rise

123jump.com Staff
18 May, 2009
New York City

Stocks in New York surged on a rally in financials and talks of banks returning TARP funds. Treasuries fell as yields on 30-year bonds rose to 4.21%. Stocks in India soared 17% in one minute of trading, ahead of trading halts after the ruling coalition widened its margin of election win.

Billabong Offering; Gloucester Coal Up 18%

123jump.com Staff
18 May, 2009
New York City

Stocks in Australia declined tracking losses in metal prices. Billabong International lowers earnings outlook and proposed offering to raise A$290 million. Gloucester Coal surged after it agreed to a higher offer from Noble Group.

Nikkei Drops 2.5%; Yokogawa Plunges 15%

123jump.com Staff
18 May, 2009
New York City

Strong yen and weak operating net from Panasonic and Yokogawa Electric dragged the benchmark index Nikkei 225 lower 2.5%. Yokogawa led the decliners in the index with a loss of 15%. Suzuki Motors and Kansai Paint gained after the reelection of ruling coalition in India where they lead markets.

Colombo Stocks Gain 6.5%; Prabhakaran Dead

123jump.com Staff
18 May, 2009
New York City

Stocks in Colombo surged after the army declared victory over LTTE rebel and also confirmed the death of its leadership including Prabhakaran. Pottu Amman, the chief of intelligence behind the killing of former Indian Prime Minister Rajiv Gandhi was found dead in a battle with the army.

Pound Rallies, Lloyds Banking Chairman Resigns

123jump.com Staff
18 May, 2009
New York City

Stocks in London rallied on the back of financial stocks. Lloyds chairman resigned ahead of its annual meeting and launched

Lowe's, MGM, Macy's Rise

Mayank Mehta
18 May, 2009
New York City

Allegheny Energy led the decliners in the S&P 500 index of 8.7%. Lowe

Pulte Homes Q1 Earnings Call Transcript

123jump.com Staff
18 May, 2009
New York City

The homebuilder consolidated revenues declined 59% to $587.4 million in the quarter. Net quarterly loss narrowed 26% to $514.8 million including $410.2 million of pre-tax charges. Earnings per share slipped to $2.02 from $2.75 a year-ago quarter. The company generated 3,022 net new home orders.

In One Minute Sensex in India Surges 17%

123jump.com Staff
18 May, 2009
New York City

The benchmark stocks surge triggered trading halts within seconds of opening and reopening forcing the market to shut down for the rest of the day. The unexpected election outcome surprised investors and short covering forced many brokers to scramble for a cover at the reopening.

Rural Voters in India Select Congress Party

123jump.com Staff
16 May, 2009
New York City

Rural voters in India again delivered a verdict that surprised most political parties. The clear vote of confidence in the Congress led coalition will give India a stable government for the next five years. Rural voters endorsed a jobs program and demanded greater recognition in national policies.

Economies of Germany, France, Italy Shrink

123jump.com Staff
15 May, 2009
New York City

Euro zone economies declined at the fastest pace in thirteen years. The GDP declined at 2.5% in the first quarter on weak exports and falling consumer spending. German economy shrank at 3.8%, Italian declined at 2.4% and French GDP fell at 1.2%.

U.S. Stocks Edge Lower; Oil Drops

123jump.com Staff
15 May, 2009
New York City

The U.S. stocks edged lower on a weakness in banks and energy stocks. Crude oil declined and dollar gained against euro. Euro zone recorded deepest economic decline in the first quarter.

UK Energy Stocks Weak; Ladbrokers Fall 9%

123jump.com Staff
15 May, 2009
New York City

Mining and energy related stocks closed lower in UK on a fall in energy prices. The interbank rate continues to fall. Barclays surged after it confirmed that it has received offers for its investment management unit.

Rio Tinto Surges 7%, Stockland Plunges 9%

123jump.com Staff
15 May, 2009
New York City

Australian stocks rebounded on a rise in commodities and energy prices. Australian dollar declined 1.5% for the week. Rio Tinto surged after it said it is committed to a deal with Aluminum Company of China. For the week, Australian dollar drops 1.5% and the benchmark index declines 4.3%.

JCP Penney, Blockbuster, Abercrombie Fall

123jump.com Staff
15 May, 2009
New York City

The Hartford Financial Services Group led gainers in the S&P 500 index with a rise of 11.5%. Agilent Technologies swings to a fiscal second quarter loss. Blockbuster Inc plunges as quarterly sales miss analysts estimates. J. C. Penney Company first quarter profit falls.