Elena
14 Nov, 2006
New York City
Retailers reported mixed Q3 results. Wal-Mart Stores Inc. reported 11.5% profit increase, sending its shares up 3.6%. Target said Q3 profit rose 16%, helped by 11% sales increase. The retailer posted profit rise of 59 cents per share, up from 49 cents per share last year, beating expectations of 55 cents a share. Target sai same-store sales tose 4.6%. In contrast, Home Depot lost 1.5% after the retailer posted a 3.1% Q3 profit drop on a sharp decline in same-store sales.
Ivaylo
14 Nov, 2006
New York City
Home Retail and Experian are both doing well on vague takeover talk, while Vodafone remains in the blue after interim underlying profits beat expectations. Miners also enjoyed strong performances after sharp declines in previous sessions. Engineering design group Aveva rose again as it issued another earnings upgrade. Acambis is the worst peformers. At 2:30 GMT, the FTSE 100 is 1.90 points, or 0.03% higher.
Elena
14 Nov, 2006
New York City
U.S. stock market futures turned higher before opening, as strong economic data eased inflation worries and raised optimism about consumer spending. Wal-Mart Stores posted 11.5% higher quarterly profit to 63 cents a share, compared with 58 cents a year ago, beating estimates of 59 cents. Same-store sales were 1.5% higher. Wal-Mart shares rose 1% before the bell.
Elena
14 Nov, 2006
New York City
The company said it earned 73 cents a share, compared with a profit of 72 cents a share a year ago, missing expectations of 75 cents a share. Revenue in the quarter rose 11.3% to $23.09 billion, up from $20.74 billion for the same period a year ago, but same-store sales dropped 5.1%. Home Depot also cut its full-year earnings per share and sales growth outlook.
Ivaylo
14 Nov, 2006
New York City
The Japanese advance was led by real estate, technology and banking stocks. Shares were lifted by news that Japanese economy grew for the seventh straight quarter, expanding at an annualized 2% for the July-September quarter. Shares in Hong Kong moved higher on gains in China-related blue chips. In South Korea, brokerage and tech shares led advancers. Other markets also gained, boosted by the strong gains in Japan.
Ivaylo
14 Nov, 2001
New York City
European shares traded higher on Tuesday, helped by some further gains in the telecom sector after Vodafone Group reported well-received results, and as mining shares recouped some of the losses on the previous day. Overnight in New York, the main stock indicators finished with modest gains, driven by technology stocks. By mid morning, the FTSE 100 in London added 0.3%, Frankfurt Xetra Dax gained 0.1%, and the CAC 40 in Paris was marginally higher.
Ivaylo
14 Nov, 2006
New York City
There was little news affecting the precious metals markets but cues were taken from weaker base metal prices in New York and London as well as an increase in the dollar. Gold continues to be influenced by the movements in the dollar, oil and seasonal physical demand as the year-end approaches. Physical demand for gold will increase ahead of the Christmas season, but news that gold jewelry exports of Turkey were curbed by the volatile prices this year dented sentiment.
123jump.com Staff
13 Nov, 2006
New York City
Upgrades on Intel and Dell helped to rally semiconductor and tech stocks in general. Broader averages gained on comments fom the Fed President of Dallas. His assertion that the economy is expanding forcefully helped market to further gains in large cap stocks. Intel rose 1.9%, Dell gained 3% and Tyson Foods gained 4% on profit forecast in 2007. Wynn Resorts to issue a special dividend of $6 per share.
Elena
13 Nov, 2006
New York City
European stock markets closed in the green territory Monday, helped by telecoms stocks and solid gains for Alstom. The German DAX 30 advanced 0.57%, boosted by 2.6% gain for Deutsche Telekom. The French CAC 40 rose 0.8%, led by engineering group Alstom. London FTSE 100 added 0.23%, with gains limited by miners BHP Billiton, Rio Tinto and drug maker Novartis.
Elena
13 Nov, 2006
New York City
U.S. stocks extended earlier gains into a solid advance on speculations that key economic data, due out this week, will show strength in the economy with tame inflation. A positive economic view of a Fed official along with a decline in the price of oil further lifted sentiment. The Dow was led higher by gains for Intel and Merck. Intel jumped 1.7% as Citigroup upgraded the chip sector, while Merck added 1.1%, benefiting from a regulatory setback for rival Novartis.
Elena
13 Nov, 2006
New York City
Select large-caps and a surge in small-caps and mid-caps helped the benchmark index jump more than 100 points today. NTPC led the gainers, Bharti Airtel, Reliance Energy and Infosys also advanced. Hero Honda, Tata Steel were among the biggest decliners. Reliance Industries ended flat, failing to capitalize on the upbeat market sentiment. Wheat sowing in India has grown sharply, the farm ministry announced on Monday.
Elena
13 Nov, 2006
New York City
Stocks opened mixed Monday ahead of retail sales and inflation data later in the week. Intel was an early gainer, up 1.1%, lifted by an upgrade for the chip sector from Citigroup. SanDisk fell 2.2% after UBS downgraded the company to neutral from buy. Tyson Foods reported a Q4 loss vs. a year-earlier profit. Revenue fell from a year ago, but matched forecasts. The stock rose 2.2% in early trading.
Ivaylo
13 Nov, 2006
New York City
Bid developments pushed life insurer Resolution higher after it confirmed it was in discussions with various parties concerning a wide range of possible transactions, including a possible offer for the group. Scottish Power was also strong as the market awaits developments following the approach by Iberdrola last week. On the downside, copper futures fell to a five month low, sending all the miners into the red. In late morning, the FTSE 100 was up 7.6 points, or 0.1%, at 6,216.3.
Elena
13 Nov, 2006
New York City
Stock futures turned flat, as crude oil retreated from an early rally toward $60, falling 77 cents to $58.82. Tyson Foods Inc. reported a wider-than-expected Q4 loss to 17 cents per share, compared with a profit of 33 cents per share last year, missing estimates of a 4-cent loss. The wider loss was attributed to one-time charges and losses in the chicken and beef sectors.
Elena
13 Nov, 2006
New York City
Stock market futures moved slightly higher Monday morning, with investors shifting their focus from election news toward inflation and key data later this week. In corporate news, KB Home announced late Friday that CEO Bruce Karatz is leaving after the conclusion of a stock-option grant price probe. IBM is reportedly joining a consortium led by Citigroup that is bidding for China''s Guangdong Development Bank.
