Elena
09 Feb, 2006
New York City
Asian benchmarks rebounded from Wednesday losses to finish largely higher with the Nikkei in the lead rising 1.03%, followed by South Korean Kospi, up 0.8%, and Australia All Ordinaries, up 0.9%. European averages gained ground with the German DAX 30 and London FTSE 100 climbing 0.7%. In earnings news, Aetna reported Q4 income rise of $1.42 a share on 14% revenue growth, beating forecasts of $1.23 a share. Marriott reported 25% profit growth in Q4 on 16% higher revenue, beating forecasts.
123jump.com Staff
08 Feb, 2006
New York City
It was a day of optimism. Falling oil price, better than expected earnings from Communication equipment leader Cisco and strong rise in same-store sales from McDonalds kept market in the plus column for the day. General Motors stock fell 4% on analyst downgrade to,sell, and lowered price target to $17 from $22. After-the-close, Whole Foods reported earnings of 40 cents vs. 36 cents a year ago on revenue growth of 22%. It was the ninth straight quarter of double digit earnings growth.
Elena
08 Feb, 2006
New York City
The tech sector helped market recover Wednesday after Cisco posted better-than-expected earnings results and upbeat outlook. Tech stocks were also helped by a brokerage upgrade of Dell Inc. to outperform. Traders reacted positively to the earnings news from PepsiCo and January same-store sales from McDonald''s. Univision Communications rallied about 10% on reports that it will put itself up for sale.
123jump.com Staff
08 Feb, 2006
New York City
Morning momentum in the market weakens after more than one hour of trading. Traders reacted positively to the earnings news from Cisco, PepsiCo and January same-store sales from McDonald''s. Blue Nile dropped 20% on earnings news. Cheesecake Factory, Dean Foods and Given Imaging are other decliners on earnings news.
123jump.com Staff
08 Feb, 2006
New York City
Early gains in market are supported by investors faith in Cisco earnings, pepsiCo meeting analyst projection of 65 cents and fall in oil and gold prices. Markets in Asia close lower and in Europe trade mixed at mid-day session. Market awaits weekly petroleum inventory report. Blue nile plunges 20% on lower than expected earnings, lowered earnings guidance and higher marketing costs. GM decline 3.5%. Energy stocks lead decliners and brokerage stocks lead gainers in the morning trading.
123jump.com Staff
08 Feb, 2006
New York City
Early trading is dominated by earnings report from Cisco, PepsiCo and McDonald''s same-store sales results. Market is awaiting weekly petroleum report in less than an hour. General Motors stock decline another 3% at the opening. Oil trades lower in Europe. Pfizer decides to spin-off consumer product divison representing 8% of total revenue. Japan closed 3% lower in Asia. Mexico and Brazil are trading higher at the opening. Market in Europe are trading mixed with Franfurt down a fraction.
123jump.com Staff
07 Feb, 2006
New York City
Gold dropped $20 and oil fell $2 which instead of helping the market dragged the broader averages down. Laskluster earnings from Coca-Cola, Disney and Toll Bros. did not help either. After-the-close Cisco reported 9% rise in sales and earnings of 22 cents vs. 21 cents a year ago. GM cut dividend by 50% to $1 and lowered salaries of executives. GM stock fell 2.2% as market worried that more cuts will be needed. Toyota reported 34% rise in profit and is set to surpass GM in sales.
Elena
07 Feb, 2006
New York City
Toyota Motor announced 34% rise in Q3 net profit on solid sales and a weaker yen. BP reported a 22% increase in quarterly profit, missing forecasts. Coca-Cola reported 28% decline in Q4, hurt by a repatriation charge, but still beat analyst expectations, excluding items. Toll Bros posted 35% home building revenue rise in Q1, but lowered its guidance for home deliveries for 2006. Disney posted 7% income growth in Q1, beating earnings and revenue estimates.
Elena
07 Feb, 2001
New York City
BP reported a 22% increase in quarterly profit on strong oil prices and demand for refinery services, though the rise failed to meet forecasts.
Coca-Cola reported 28% decline in Q4, hurt by a repatriation charge, but still beat analyst expectations, excluding items. Toll Bros posted 35% home building revenue rise in Q1, but lowered its guidance for home deliveries for 2006. Disney posted 7% income growth in Q1, beating earnings and revenue estimates.
Elena
07 Feb, 2006
New York City
Asian markets ended mixed. The Nikkei declined 0.2%, South Korean Kospi dropped 0.7%, while Bombay Stock Exchange''s 30-share Sensex hit an all-time high of 1% at 10066.55 points. European stocks traded lower with London FTSE 100 down 0.5% on disappointing outlook from BP. Toll Brothers posted 35% home building revenue rise in Q1, but lowered its guidance for home deliveries for 2006. Disney posted 7% income growth in Q1, beating earnings and revenue estimates.
123jump.com Staff
06 Feb, 2006
New York City
Market averages barely budged today but tech stocks was another story. Sharp fall in Apple stock led tech decline in tech stocks. Nervous traders worried that Apple earnigs growth may have peaked in the short-term. Steel stocks rose in most markets around the world as Arcelor is reported to acquire U.S. Steel. Oil fell but traded near elevated level.
Elena
06 Feb, 2006
New York City
Rising crude oil prices, light earnings schedule and investment rating upgrades of Yahoo, Nike and Alcoa led stocks to a lackluster performance. In earnings news, Humana Inc. posted 37% profit rise in Q4 on 14% revenue growth. Louisiana-Pacific reported Q4 net income rose sixfold to 80 cents a share, exceeding estimates of 65 cents a share. Toshiba Corp. announced that it was buying nuclear plant builder Westinghouse Electric for $5.4 billion. The company will retain 51% of the stock.
Elena
06 Feb, 2006
New York City
Stocks started mixed on rising crude oil prices and investment rating upgrades of Yahoo Inc. and Dow Jones industrial Alcoa Inc. In earnings news, Humana Inc. posted 37% profit rise in Q4 on 14% revenue growth. Serono reported Q4 net income jump of 72%, despite revenue decline. Louisiana-Pacific reported Q4 net income rose sixfold to 80 cents a share, exceeding estimates of 65 cents a share.
Elena
06 Feb, 2006
New York City
Asian-Pacific benchmarks rebounded from early weakness to close higher, led by Shanghai Composite rising 2.35%. The Nikkei hit a fresh 5 1/2-year high of 0.5% to 16,747.76 on economic data. European averages gained at midday on takeover talk with the Italian MIB 30 index up 0.9%. In earnings news, Humana Inc. posted 37% profit rise in Q4 on 14% revenue growth. Serono reported Q4 net income jump of 72%, despite revenue decline.
123jump.com Staff
03 Feb, 2006
New York City
Market could not shake-off its nervousness related to wage inflation on the account of five-year low unemployment report. Internet, casions, energy and financial brokerage stocks declined. Amazon dropped 11% on weak earnings and revenue report. Rackable Systems gained 18% on earnings. Moody posted 22% rise in Q4 earnings. Fossil, watchmaker dropped 25% on revenue miss.
