Elena
11 Jan, 2006
New York City
Lowered fourth-quarter profit guidance from DuPont and BP PLC sent stocks below the unchanged mark. However, brokerage upgrades on Apple Computer and Hewlett-Packard provided support. Banc of America Securities and UBS raised their price target on the stock. Apple climbed 3.4% extending a multi-year high, boosted by its decision to use Intel''s microprocessors. Boeing signed its largest satellite contract in nine years with the deal worth between $550 M and $1 B.
Elena
11 Jan, 2006
New York City
U.S. stocks opened below the flat line on lowered Q4 profit guidance from DuPont and BP PLC. However, brokerage upgrades on Apple Computer and Hewlett-Packard provided support. Banc of America Securities raised its Apple price target to $87 from $78 and UBS raised its price target on the stock to $100 from $86. Apple climbed 3.4% extending gains on new products announcements and positive revenue. The stock hit a new multi-year high.
Elena
11 Jan, 2006
New York City
Asian-Pacific markets closed mostly strong on upbeat economic data from China with the Nikkei in the lead, rising 1.5% to 16.363.59. Among the losers, China Shanghai Composite dropped 0.8% and South Korean Kospi dropped 0.2%. European shares advanced at mid-day supported by merger-and-acquisition activity, led by the DAX 30, up 0.6%.
123jump.com Staff
10 Jan, 2006
New York City
Market averages were mostly in mild decline but Dow managed to close above 11,000 for the second day in a row. Dow, S&P and Nasdaq traded near four-year high. Apple share advanced 6% on new products release, 14 million iPod unit sales and better-than-expected revenue. AMD advanced on analyst upgrade and hope that the company meeting with Dell will lead selection of its chips for Dell computers.
123jump.com Staff
10 Jan, 2006
New York City
Apple released Intel chip based Macintosh computer four months ahead of schedule. The company released several other products at Macworld Expo and Steve Jobs said that revenue for the Q1 reached $5.7 billion. investors wasted little time in bidding up stock 6% as Mr. Jobs spoke at the gathering on trading volume more than three times than normal. Intel-Mac allince is expected to add $500 million in revenue for Intel in 2006.
Elena
10 Jan, 2006
New York City
U.S. stocks were weak Tuesday morning on profit taking after a rally in the first days of 2006 and disappointing start of the fourth-quarter earnings season with Alcoa reporting a 16% drop of 24 cents a share, missing estimates of 37 cents a share. Phelps Dodge fell 4.9% after it cut its Q4 earnings outlook from the range of $4.15 to $4.40, sharply down to the range of $1 to $1.30 a share, citing higher copper prices, production and sales decrease.
Elena
10 Jan, 2006
New York City
Stock averages started lower Tuesday on profit taking after a rally in the first five trading days of 2006 when all three major indexes hit four-and-a-half year highs. Phelps Dodge cut its Q4 earnings outlook from the range of $4.15 to $4.40, sharply down to the range of $1 to $1.30 a share, citing higher copper prices, production and sales decrease. Alcoa posted disappointing Q4 earnings of 24 cents a share vs. 39 cents a year ago, or a 16% drop, missing estimates of 37 cents a share.
Elena
10 Jan, 2006
New York City
Most Asian-Pacific benchmarks closed lower on profit taking, led by the Nikkei, down 1.9% to 16,124.35, followed by South Korea, falling by 0.9% and Taiwan, down 0.5%. Shanghai Composite and Hong Hong''s Hang Seng gained 0.4% each. European stocks traded lower at mid-day on gains consolidation. Aluminum giant Alcoa posted disappointing Q4 earnings of 24 cents a share vs. 39 cents a year ago, or a 16% drop, missing estimates of 37 cents a share.
123jump.com Staff
09 Jan, 2006
New York City
Broader averages and tech heavy Nasdaq staged rally in the morning and closed up for the day. Copper, gold and silver closed near record high. Gold crossed $550 for the first time in two decades. Natural gas and oil fell as traders paid attention to weather patterns in the North American cities. IBM fell on downgrade in an otherwise strong tech sector. GM closes up on Goldman recommendation. Tokyo opened lower as financial stocks fell.
Elena
09 Jan, 2006
New York City
U.S. stocks traded slightly higher Monday morning with investors awaiting the first flood of Q4 earnings reports to provide further upward momentum for stocks to continue their rally. Alcoa is expected to kick off the new earnings season, reporting Q4 results after the bell. A brokerage upgrade for General Motors to in-line from underperform boosted the Dow. Boston Scientific Corp. said it formally bid to acquire medical device maker Guidant for $25 billion, or $72 a share in cash and stock.
Elena
09 Jan, 2006
New York City
U.S. stocks opened flat Monday with investors awaiting the first flood of fourth-quarter earnings reporsts to provide further upward momentum for stocks to continue their rally. Aluminum Alcoa is expected to kick off the new earnings season. In corporate news, Tyco International Ltd. is planning to split off from the $60 billion conglomerate both its electronics and health-care businesses in tax-free transactions.
Elena
09 Jan, 2006
New York City
Asian-Pacific markets closed higher, buoyed by the continuing tech rally with Hong Hong hitting a five-year high of 1.3% to 15,547.43 and Australia reaching an all-time peak of 0.8% to 4,775.80. Japan was closed for a national holiday. European stocks extended recent highs, supported by gains in Adecco and easyJet. In earnings news, Helen of Troy reported Q3 earnings drop of 72 cents a share from 97 cents a year ago on lower sales, missing estimates of 77 cents a share.
123jump.com Staff
06 Jan, 2006
New York City
For the week all three market averages advanced led by strong rise in tech stocks. Internet, techs, casinos and consumer stocks advanced for the week. Energy prices and stocks rose on the back of 2% rise in crude oil price. Natural gas price dropped 14% for the week. Gold rose $20 during the first week of trading.
Elena
06 Jan, 2006
New York City
U.S. stocks gained Friday morning on disappointing employment report, which gave investors ground to consider it a sign that the Fed Reserve will stop raising interest rates. The Labor Department report showed 108,000 gain in payrolls in Dec., far below expectations of a rise by 215,000 and prior month''s growth of 305,000. Market sentiment was also supported by earnings upgrades for Google and Yahoo. The technology giant IBM lifted the Dow, rising 2% on a decision to change its pension plan.
Elena
06 Jan, 2006
New York City
U.S. stocks sharply advanced at opening on disappointing employment report, which gave investors ground to consider it a sign that the Fed Reserve will stop raising interest rates. Market sentiment was also supported by earnings upgrades for Google and Yahoo. In corporate news, Microsoft was downgraded by Credit Suisse First Boston to neutral from outperform. IBM announced freezing of its pension plan in 2008.
