Elena
22 Sep, 2005
New York City
The Labor Dept. released weekly jobless claims for the week ending Sept. 17, showing an increase of 8,000 to a seasonally adjusted of 432,000 people. The initial claims were highest since July 2003 but came below expectations of 440,000. KB Home rose 2% on 3Q earnings of $2.55 a share, beating expectations of $2.39. General Mills posted strong 1Q income of 64 cents on higher sales.
Elena
22 Sep, 2005
New York City
Asian markets closed mostly lower with the Nikkei down 0.3% and Hong Kong down 0.3%. European stocks sharply declined at mid-day with German DAX 30 being the biggest loser , down 0.7%. The Labor Dept. released weekly jobless claims for the week ending Sept. 17, showing an increase of 8,000 to a seasonally adjusted of 432,000 people, vs. expectations of 440,000.
123jump.com Staff
21 Sep, 2005
New York City
Broader averages declined one percent as oil rose by the same. The decline in averages was led by broad sell-off in retail, techs, consumer staples, casinos, and home buiders. Weekly oil report suggested that crude oil inventories fell but that of gasoline and distillate inventories rose. 10-year note yield fell by 0.06 percent to 4.18%.
Elena
21 Sep, 2005
New York City
FedEx reported 1Q income of $1.10 a share vs. $1.08 on 10% revenue growth. The company raised its 2006 outlook to $5.25 to $5.50. Morgan Stanley posted 3Q 83% earnings drop of 13 cents a share vs. 76 cents a year ago. Retailers, casinos and airlines decline, while energy stocks gain. The Energy Department reported a crude inventories drop of 300,000 barrels for the week ending Sept.16.
Elena
21 Sep, 2005
New York City
Japan's Nikkei reached a new four-year high of 13,196 and South Korea's Kospi hit a record of 1,196. European markets lost ground at mid-day on raised U.S. interest rates. Avon Products lowered earnings guidance on weak sales. ConAgra Foods posted 1Q earnings of 68 cents a share, beating estimates of 23 cents. FedEx reported 1Q income of $1.10 a share vs. $1.08 on 10% revenue growth. The company raised its 2006 outlook to $5.25 to $5.50.
Elena
21 Sep, 2005
New York City
Japan's Nikkei reached a new four-year high of 13,196 and South Korea's Kospi hit a record of 1,196. European markets lost ground at mid-day on raised U.S. interest rates. Avon Products lowered earnings guidance on weak sales. ConAgra Foods posted 1Q earnings of 68 cents a share, beating estimates of 23 cents. FedEx reported 1Q income of $1.10 a share vs. $1.08 on 10% revenue growth. The company raised its 2006 outlook to $5.25 to $5.50.
Elena
21 Sep, 2005
New York City
Asian markets finished mixed with Japan's Nikkei reaching a new four-year high of 13,196 on domestic economu confidence and South Korea's Kospi also up to a record of 1,196. European markets lost ground at mid-day on raise U.S. interest rates. Avon Productsowered guidance on low sales.
123jump.com Staff
20 Sep, 2005
New York City
Fed's near unanimous decision to raise rates despite Hurricane Katrina related concerns only suggests to some that Fed may not stop in the next two meetings on Nov 1st and Dec 13th. Many believe that Fed will have to raise rates to 5% before it has caught up with market forecast. Home builders and retailers led the decline in averages. Circuit City, FactSet Data and Goldman Sachs delivered better-than-expected earnings.
Elena
20 Sep, 2005
New York City
Wait is over, rates are up by 0.25%. Housing starts index for Aug declined by 1.3%. Goldman Sachs posted 3Q earnings of $3.25 a share vs. $1.74 last year, beating expectations of $2.31 a share. Circuit City Stores reported 2Q profit of 1 cent per share, exceeding estimates of a loss of 3 cents per share. The company raised its 2005 sales outlook to 5%-8% growth from previous 3%-6%. Tech stocks advance. Energy stocks drop.
Elena
20 Sep, 2005
New York City
Housing starts index for Aug declined by 1.3%. Goldman Sachs posted 3Q earnings of $3.25 a share vs. $1.74 last year, beating expectations of $2.31 a share. Circuit City Stores reported 2Q profit of 1 cent per share, exceeding estimates of a loss of 3 cents per share. The company raised its 2005 sales outlook to 5%-8% growth from previous 3%-6%.
Elena
20 Sep, 2005
New York City
Housing starts index for Aug declined by 1.3%. Goldman Sachs posted 3Q earnings of $3.25 a share vs. $1.74 last year, beating expectations of $2.31 a share. Circuit City Stores reported 2Q profit of 1 cent per share, exceeding estimates of a loss of 3 cents per share. The company raised its 2005 sales outlook to 5%-8% growth from previous 3%-6%.
123jump.com Staff
19 Sep, 2005
New York City
Hurricane Rita strikes on Wall Street. Traders wasted no time in biddding commodities up.Oil closed up 7%, gold 1.6%, and natural gas up 14%. Carnival Cruise despite rising fuel costs and Hurricane Katrina delivers revenue and earnings growth. Nike reports revenue and earnigs growth on the strength if domestic footwear market. Apple Computer hit all-time high.
German election analysis.
Elena
19 Sep, 2005
New York City
Crude-oil prices kept rising to reach trading levels over $66 a barrel, making a 5% jump. The oil surge is due to fears of another tropical storm threatening to hit the oil facilities in the Gulf Coast. Investors await Fed Reserve's decision on interest rate tomorrow, expecting a rise of 3.75%. Semiconductor sector is down 1.5%.
German election analysis.
Elena
19 Sep, 2005
New York City
Yesterday's German election fails to elect a clear leader. The German DAX 30 dropped 1.3% at mid-day on uncertainty of economic reforms. Days of chaos ahead. Nike posted 1Q 32% earnings rise of $1.61 per share due to strong sales, beating expectations of $1.42. Spinnaker Exploration has agreed to be acquired by Norsk Hydro for $65.50 per share in cash.
German election analysis.
Elena
19 Sep, 2005
New York City
Asian-Pacific markets closed mostly higher with Shanghai's Composite up 0.6% and India's BSE 30 up 0.5%. The Japanese and Hong Kong's exchanges were closed for holidays. The German DAX 30 tumbled 1.3% on post general election uncertainty over economic reforms. Nike posted better-than-expected quarterly results with earnings of $1.61 a share, beating expectations of $1.42.
