123jump.com Staff
27 Jan, 2006
New York City
More than 50% of companies, this week, reported better-than-expected earnings. Earnings related momentum and strength in new home sales took market averages near year-high. Market ignored weak GDP report and rising oil price. Gold and natural gas fell during the day. Microsoft, Catepillar, Proctor & Gamble reported strong earnings. Retail, casinos and tech stocks joined in the rally.
Elena
27 Jan, 2006
New York City
In mid-day trading U.S. major averages were sitting near intraday highs. Stocks traded in the positive Friday morning with strong quarterly results from Microsoft boosting the sentiment and disappointing GDP data limiting gains. The software giant posted Q2 profit rise on 9% revenue growth. Procter & Gamble posted 29% profit growth in Q2, raised 2006 outlook. Broadcom posted more than doubled Q4 income on 52% sales growth. Mittal Steel launched a $22.8 billion bid for European rival Arcelor.
Elena
27 Jan, 2006
New York City
U.S. stocks opened slightly higher with better-than-expected quarterly results from Microsoft boosting the sentiment and disappointing GDP data limiting gains. The software giant posted Q2 profit rise of 34 cents a share on 9% revenue growth. Procter & Gamble posted 29% profit growth in Q2, raised 2006 outlook. In deal news, the world''s largest steel company Mittal Steel launched a $22.8 billion bid for European rival Arcelor.
Elena
27 Jan, 2006
New York City
Asian-Pacific benchmarks rallied Friday, led by huge gains in the Nikkei which rocketed 3.6% to 16,460, posting the biggest one-day rise in four-years. The index jumped 556.66 points, lifted by record-high results released by Sony. European averages gained on Mittal Steel''s bid for Arcelor with the German DAX 30 up 1%. Microsoft posted Q2 profit rise of 34 cents a share on 9% revenue growth. Procter & Gamble posted 29% profit growth in Q2, raised 2006 outlook.
123jump.com Staff
26 Jan, 2006
New York City
Market early rise was supported by strong earnings from defense, financials and tech stocks. Of more than 100 companies to report earnings today, 60% reported better than expected earnings. GM posted Q4 profit loss of $8.45 a share and a loss of $15.13 per share for 2005. Honeywell posted Q4 earnings in line with estimates. First Data rose 7% after it said it will spin off its Western Union business. Chipotle Mexican Grill prices 7.88 million shares at $22, the stock jumps 100%.
123jump.com Staff
26 Jan, 2006
New York City
Stocks rallied Thursday morning, lifted by better-than-expected earnings and positive durable goods orders. GM posted Q4 profit loss of $8.45 a share and a loss of $15.13 per share for 2005. Honeywell posted Q4 earnings in line with estimates. First Data rose 7% after it said it will spin off its Western Union business. Chipotle Mexican Grill prices 7.88 million shares at $22, the stock jumps 100%.
Elena
26 Jan, 2001
New York City
Stocks rallied Thursday morning, lifted by better-than-expected earnings and positive data that signaled economic growth. With 54% rise in Q4 profit, Caterpillar counteracted General Motor''s heavy losses in the fourth quarter and full-year. The automaker posted Q4 profit loss of $8.45 a share and a loss of $15.13 per share for 2005. Honeywell posted a Q4 earnings rise in line with estimates. First Data rose 7% after it said it will spin off its Western Union business to shareholders.
Elena
26 Jan, 2006
New York City
Stocks opened higher on upbeat economic data and strong earnings from major companies, including Caterpillar, despite General Motor''s heavy losses in the fourth quarter and full-year. The automaker posted Q4 profit loss of $8.45 a share vs. a loss of 18 cents a year ago and a loss of $15.13 per share for 2005 vs. net income of $4.92 in 2004. Eli Lilly swung to profit in Q4. Caterpillar posted 54% profit jump in Q4, above estimates. Honeywell posted a Q4 earnings rise in line with estimates.
Elena
26 Jan, 2006
New York City
Asian-Pacific benchmarks closed higher on stronger dollar and retreating oil. The Nikkei climbed 1.2%, followed by Taiwan Weighted index, also up 1.2%. European averages advanced on Siemens and Deutsche Telecom, led by the German DAX 30, up 0.9%. In earnings news, Danaher beat estimates by a penny, posting a Q4 profit rise of 81 cents a share. Eli Lilly swung to profit in Q4, posting earnings of 64 cents a share. Caterpillar posted 54% profit jump in Q4, surpassing estimates.
123jump.com Staff
25 Jan, 2006
New York City
Weekly oil inventory report was overshadowed by the December monthly existing-home sale report. Industry association, which released the report cautioned that housing market is slowing. Guidant agreed to be acquired by Boston Scientific for $27 billion. Housing stocks contnued their slide on monthly report. Railroads, miners, retailers and restaurants, Crude oil declined close to 2%. Markets in Brazil, India and Germany advance close to 2%.
Elena
25 Jan, 2006
New York City
Stocks traded in a lackluster fashion Wednesday morning, although oil declined and major companies generated optimism about earnings and merger deals. ConocoPhillips and Netflix posted sharply higher Q4 profits. Colgate-Palmolive and Amerada Hess released better-than-expected Q4 earnings. Bristol-Myers and Kerr-McGee also posted higher Q4 profits. Walt Disney agreed to acquire Pixar for $7.4 billion. Guidant accepted Boston Scientific''s higher offer of $27.2 billion.
Elena
25 Jan, 2006
New York City
Stocks advanced at opening as major companies generated optimism about earnings and merger deals. ConocoPhillips and Netflix posted sharply higher Q4 profits. Trucking company CNF posted 59% rise in Q4, but missed estimates. DST Systems reported lower net income, but in line with estimates. Ryland exceeded expectations, posting record-high results with 53% profit jump. CheckFree posted tripled Q2 profit, beating estimates. Rediff priced an offering of 3M American depositary shares.
Elena
25 Jan, 2006
New York City
Asian markets closed higher, led by South Korean Kospi and Taiwan Weighted index, each rising 1.2%. The Nikkei finished flat, while Hong Kong was the only decliner with a loss of 0.07%. European averages gained ground with the U.K.''s FTSE 100 in the lead, rising 0.8%. In earnings news, Bristol-Myers posted higher Q4 profits, citing a lower tax rate. Colgate-Palmolive reported profit above estimates. Kerr-McGee''s Q4 profit jumped on rising energy prices and gains from asset sales.
123jump.com Staff
24 Jan, 2006
New York City
Market traded in the positive zone for the most of the session as fresh batch of earnings from railroad, industrial and select tech companies met or exceeded earnings guidance.Late in the day Disney and Pixar released the details of the most awaited deal. Steve Jobs to become largest shareholder of Disney. Disney will issue 2.3 share for every Pixar stock and Disney will boost its stock buyback from 225 million to 400 million.
Elena
24 Jan, 2006
New York City
Earnings reports from major companies and oil decline kept stocks in the positive. 3M Co. reported Q4 profit rise, but missed estimates. DuPont beat expectations, despite its Q4 decline. The chemicals company forecast disappointing Q1 earnings. McDonald''''s quarterly profit and J & J''''s income rise met expectations. Lexmark posted 47% profit drop in Q4 but beat estimates. United Tech posted higher Q4 profit on 14% revenue growth.
