Market Update

Earnings and Economic Data to Set the Pace

albena
30 Nov, -0001
New York City

Futures were little changed in early trading, pointing to a slightly higher to flat opening, after Amazon posted better-than-expected earnings and sales after the market close Tuesday. Kellogg and ConocoPhillips are also slated to report Wednesday. Investors are gearing up for U.S. durable-goods orders data, expected to be modestly lower in June. Oil prices will also be in focus as the latest U.S. inventory data, due at 10:30 is seen to point to a fourth weekly decline in crude oil stock piles.

Market Wrapped in Earnings

123jump.com Staff
30 Nov, -0001
New York City

Market remains cautious during the day despite most companies reporting better than anticipated earnings. So far S&P companies are reporting earnigs of at least 9% or better than a year ago and 74% of the companies have beathen the estimates. Drop in consumer confidence and rise in oil price did not bring new buyers to the market. GM agreed to sell $55 billion of financial aeests to BofAmerica over the next five years.

Healthy Earnings Cautious Markets

Elena
30 Nov, -0001
New York City

Market remains cautious at the opening despite some companies reporting better than anticipated earnings. So far S&P companies are reporting earnigs of at least 9% or better than a year ago and 74% of the companies have beathen the estimates. The market remains in a cautious mood as it awaits the Consumer Confidence Index reading.

Strong Earnings Weak Opening

Elena
30 Nov, -0001
New York City

Market remains cautious at the opening despite some companies reporting better than anticipated earnings. So far S&P companies are reporting earnigs of at least 9% or better than a year ago and 74% of the companies have beathen the estimates. The market remains in a cautious mood as it awaits the Consumer Confidence Index reading.

Market Focused on Earnings and CCI

albena
30 Nov, -0001
New York City

Futures were up in early trading, pointing to a higher opening for stocks after in its late Monday

Weak Opening Weaker Closing

123jump.com Staff
30 Nov, -0001
New York City

Existing-home sales surpassed market expectations and reached another record in June as low mortgage interest rates drove June sales to 7.33 million homes and median home price rose to $216,000 from $209,000.Asian benchmarks closed mostly higher. Japan

June Housing Prices Jump Record High

123jump.com Staff
30 Nov, -0001
New York City

Existing-home sales surpassed market expectations and reached another record in June as low mortgage interest rates drove June sales to 7.33 million homes and median home price rose to $216,000 from $209,000.Asian benchmarks closed mostly higher. Japan

Morning Earnings Disappointments

123jump.com Staff
30 Nov, -0001
New York City

Existing-home sales surpassed market expectations and reached another record in June as low mortgage interest rates drove June sales to 7.33 million homes and median home price rose to $216,000 from $209,000.Asian benchmarks closed mostly higher. Japan

Market Cautious Ahead of Earnings

albena
30 Nov, -0001
New York City

Futures were down in early trading, pointing to a lower opening for stocks, in a week that expects to receive earnings reports from nearly 30% of the S&P's 500 companies. Rising oil and the possibility of more earnings in the red might discourage traders from buying. On Friday government is expected to report the economy slowed in 2Q. Europe's No.1 mobile phone company Vodafone said Monday that it signed up 4.1 million users in 1Q, topping views and up 35% vs. a year ago.

Incompetent London Police Says

123jump.com Staff
30 Nov, -0001
New York City

As words on British police investigation filter out, increasingly the police investigation appears to be going nowhere and the vaunted Scotland Yard looks desperate, incompetent, and disorganized. British media is also not willing to ask relevant questions and demand appropriate response from the government and police.

Energy-related IPOs Dominate the Calendar

albena
30 Nov, -0001
New York City

There are six deals on this week

Shot Man in London Was not 'Directly Linked'

123jump.com Staff
30 Nov, -0001
New York City

The young 'Asian man' killed in London subway station at a point blank range by police had nothing to do with the London bombings. In fact he was Brazilian student. The Police Commissioner had asserted that he was 'directly lilnked' to the bombings. The office of the Prime Minister will not answer questions related to the fatal shooting and police will not apologize for the bias against Asian community.

Large Caps Earnings Grow by 10% or more

123jump.com Staff
30 Nov, -0001
New York City

With 40% of S&P 500 companies reporting earnings for the second quarter so far, earnings growth for the quarter is better than 10% compared to 25% a year ago. Of the reported earnings, 72% of the companies are beating the estimates, a widest measure since the first quarter 2004.

Market Adrift After Large Caps disappoint

123jump.com Staff
30 Nov, -0001
New York City

The initial impressions from the flood of earnings from large and small cap companies, tech and consumer products companies and job reductions from some of the largest companies such as Eastman Kodak, Hewlett Packard, Kimberly Clark and IBM led market adrift. Google, Microsoft, Maytag, Whirlpool failed to impress the market.

Earnings and Rising Oil

albena
30 Nov, -0001
New York City

With a flood of earnings, the situation in London and the mixed results from Microsoft and Google, investors had a lot to digest Friday morning. The rise in crude oil also frustrated early trading. Helped by a rise in oil prices and strong results from Halliburton and Schlumberger, energy sector is among the best performers on the day. Stronger earnings drove Broadcom high.