The market review for April 21

Bidding on the U.S. stock market on Tuesday, April 20, began on an optimistic note. An important macroeconomic statistics have been issued, and investors focused on the financial results of leading companies. A report on Tuesday was quite a lot and almost all of them were strong. Support was also provided by the grown due to reports of some restoration of activity airlines oil prices. Against this backdrop, the U.S. stock market was able to continue the initiated before the rebound up and practically fully regain the loss last Friday.

As a result of trading on April 20 the Dow Jones index rose by 25.01 points (0.23%) – up to 11,117.06 points, NASDAQ – by 20,2 points (0.81%) – up to 2,500.31 points, S & P – by 9.65 points (0.81%) – up to 1,207.17 points.

Net profit of one of the largest financial corporations in the U.S. Goldman Sachs Group Inc. In I quarter 2009-2010 financial year, which ended March 31 increased by 2 times and amounted to 3.3 billion dollars or 5.59 dollars per share, which was above market expectations (4.14 dollars per share). Not bad reported and the oldest U.S. bank to The Bank of New York Mellon Corp., Net profit is in the I quarter of 2010. increased by 73,6% – to 559 million dollars (49 cents per share) against 322 million dollars during the same period a year earlier. Net interest income of Bank of New York Mellon fell by 1,3% – to 765 million dollars, however, these two branches of the bank were outsiders in the auction on April 20: Goldman Sachs has lost 2,09% of the capitalization, and The Bank of New York added only 0,03%. Other representatives of the banking sector were in demand: Paper JPMorgan Chase & Co. went up by 1,08%, Bank of America Corp. – On 1,2%, Wells Fargo & Co. – On 2,03%, Citigroup Inc. – On 1,84%, US Bancorp – on 2,17%, PNC Financial Services Group Inc. – On 2,24%.
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The market review for March 19

Key earnings/guidance since the prior session’s close:
-Palm (PALM) missed by $0.19, ex items, in Q3 (Feb), despite reporting much better-than-expected revenue of $366.0 mln (First Call consensus $316.2 mln). On its call, the company guided for Q4 revenue of less than $150 mln (consensus $305.8 mln), as tepid demand for its smartphones left wireless carriers with piles of excess inventory. It also sees gross margin only in the mid-teens (consensus 26.6%). Shares of PALM are down over 15% premarket.
-Sunpower (SPWRA) beat by only a penny, ex items, in Q4, despite reporting much better-than-expected revenue of $548.0 mln (consensus $490.9 mln). The company issued downside Q1 guidance, seeing EPS of $0.12, ex items (consensus $0.34), and revenue of $330-$350 mln (consensus $427.3 mln). It issued mixed guidance for 2010, seeing EPS of $1.25-$1.65, ex items (consensus $1.78), and revenue of $2.00-$2.25 bln (consensus $2.1 bln). Shares of SPWRA are down 10% premarket.
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The market review for January 19

Financial companies fell after JPMorgan Chase & Co. (JPM:US) reported a loss in its retail bank. JPMorgan, the first major U.S. bank to release quarterly earnings, declined 2.3 percent to $43.68. The S&P 500 Financial Index slipped 2 percent, the most among 10 groups in the main U.S. equity benchmark.

Bigger rival Bank of America Corp. (BAC:US) fell the most in the Dow Jones Industrial Average, losing 3.3 percent to $16.26. Comerica Inc. (CMA:US) dropped 3.7 percent to $32.86. Wells Fargo & Co. (WFC:US) slid 3.1 percent to $28.08.

Bare Escentuals Inc. (BARE:US) rose the most in the Russell 2000 Index, surging 42 percent to $18.07. Shiseido Co. (4911:JP), Japan’s biggest cosmetics maker, agreed to acquire Bare Escentuals for $18.20 a share, or about $1.7 billion in cash, to expand outside a shrinking domestic market.

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The market review for December, 4st

Stock trades in the U.S. ended 3 December 2009. decrease in leading indexes. The worst predictions were some macroeconomic statistics, released both before and after the start of the trading session. So, not met the expectations of performance index of business activity in the services sector. According to the Institute for Supply Management, in November, the index fell by 1.9 points compared with the October value and amounted to 48,7 points. This was much worse than forecasts of analysts, who expected that the index will grow to 52 points, and brought fears that the economic recovery has slowed down.

There was more optimistic message of the Ministry of Labor (US Department of Labor), under which the rate of labor productivity in the United States in non-agricultural sectors in the III quarter of 2009., On the final data, seasonally adjusted rose by 8,1% compared with the previous quarter. Analysts expect that growth will be more significant (8.6%). At the same time better than analysts’ forecasts was the report of the U.S. Department of Commerce (US Department of Commerce) to reduce the number of initial applications for unemployment insurance during the week of 5 thousand – up to 457 thousand, analysts expect this figure will be 485 thousand

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The market review for November, 11st

Stock trades in the United States were closed on November 10 countervailing change leading indexes. The main factor that influenced the outcome of the meeting, was the publication of financial statements of a number of American companies. In the banking sector is worth noting improvement quotes Bank of America Corp. (1.65%) appeared on the background of news British bank HSBC to reduce the level of arrears on consumer credit in the United States.

In the Green Zone ended in bidding for the world’s largest insurance company American International Group Inc. (3.90%) amid reports from the agency Moody’s Investors Service. According to analysts Moody’s, AIG in the near future be able to pay received from the Federal Reserve System (FRS), the U.S. loan and pay off most of the debt owed to the Ministry of Finance (Unites States Department of the Treasury) to exit from a crisis situation. read more

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The market review for November, 10st

Stock trades in the United States ended on November 9 the leading index increased on average by 2%. Investors with optimism have reacted to the outcome of the meeting of finance ministers “big Twenties” (G20), which was decided on further measures to stimulate the economy. This gave impetus to financial sector companies, led by banks, Citigroup Inc. (+3,2%), Which the Government supported the $ 45 billion, and Bank of America Corp. (+4.8%), The largest U.S. bank by total assets. Among the companies in the mining sector growth were the leaders of the largest U.S. gold producer Barrick Gold Corp., Whose shares went up by 3,3%, and one of the world’s largest mededobyvayuschih company Freeport-McMoRan Copper & Gold Inc., Quotes which increased by 4, 6%. The reason for the growth of quotations was the increase in metals prices. read more

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The market review for October, 22st

Stock trades in the U.S. on October 21 closed reduction of the leading indexes. Throughout the trading session continued positive trend, but closer to the end of the trading, market participants reacted negatively to the decline analysts Bove of Rochdale Securities recommendations on the shares of the largest U.S. mortgage bank Wells Fargo to “sell.” Against this backdrop, shares of Wells Fargo on the basis of trades fell 5.1%, reducing the quotations of the financial sector. In particular, 3% and 2.9% respectively on the basis of trades cheaper bank shares JPMorgan Chase & Co. and Bank of America Corp., and securities Goldman Sachs Group Inc. fell 3.1%. At the same time against the backdrop of favorable financial report on 4,8% in the auction the bank’s shares have risen in price Morgan Stanley. According to the report, net profit Morgan Stanley in the III quarter of fiscal year 2009 totaled 498 million dollars compared with 1.26 billion dollars net loss obtained for the same period a year earlier. Consolidated net revenues for quarter reached 8.68 billion dollars and 60% surpassed that of 2008. Recorded at around 5.4 billion dollars read more

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The market review for October, 13st

Stock trades in the U.S. on October 12 raznonapravlenno closed in anticipation of a series of quarterly reports. Trading day began most of the growth of stock price, but then at the bidders’ enthusiasm diminished, and leading indices have returned close to initial positions, and the NASDAQ lost even up to the day 0.14 points (-0.01%). Meanwhile, the Dow Jones is slowly but surely approaching the figure of 10 thousand points, to which he had only just overcome a little over 100 points. read more

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The market review for October, 8st

Stock trades in the U.S. on October 7 2009. closed countervailing changes in the leading indices. Noticeably on the basis of bidding companies’ shares have risen in price of the financial sector, helped by increased recommendations on the part of analysts. Thus, securities Bank of America Corp. increased in price by bidding up by 2,1%, after analysts at Wells Fargo raised recommendations on the “at market” to “above market”. In addition, due to the increased rate of 1,9% in the bank’s shares have risen in price trading Goldman Sachs Group Inc., Securities and JPMorgan Chase & Co. added to the price of 1,8%. At 2.1% in the bidding rose quotes bank Wells Fargo & Co. read more

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The market review for October, 6st

Stock trades in the U.S. on October 5 2009. closed growth of leading indexes against the publication of macroeconomic statistics. With optimism investors viewed the publication of the Institute for Supply Management USA, according to which the index of business activity in the services sector (ISM index) in the country in September 2009. rose by 1.5 points – to 50.9 points compared with a revised 48.4 in the August value of the item. Analysts predicted that the index value will be 50 points. An index value above the mark of 50 points indicates a growing economy, a decline below this level, however, about the emerging decline in non-industrial sectors. read more

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