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 March 11

Wednesday, 10 March, U.S. stock indices continued to slowly climb up. Members of the market encouraged by news of falling wholesale stock in January at 0.2% after falling 1% in December. The sale of companies in the past month increased by 1,3% after December’s 1.2%. Based on these data, investors concluded that despite the pessimistic expectations of business in relation to demand, they will have very soon to replenish reserves that will be a clear sign of economic recovery. Two hours before the end of the auction were published rates of the U.S. budget for February, the deficit which amounted to 220.9 billion dollars, or slightly better than expected (223 billion U.S. dollars). Fivefold increase in the deficit from the January level due to the cost of incentives, including grants to small businesses.

As a result of trading the Dow Jones index rose by 2.95 points (0.03%) – to 10,567.33 points, NASDAQ – at 18.27 points (0.78%) – to 2,358.95 points, S & P – at 5.17 points (0.45%) – up to 1,145.61 points.

Continuing and rapid growth of capitalization of the largest U.S. insurance company American International Group Inc., Adding to the environment is 10,59%. At this time the reason for optimism began to improve the situation with the company’s bonds. Over the past two weeks, their value increased by 13 cents – up 79.5 cents for a paper that was the best result among issuers included in the calculation of indices Bank of America Merrill Lynch. Bondholders reasonably expect to repay the obligations of funds attracted from the sale of the assets of AIG. Surprising the experts is the fact that the division of the insurance company can not sell without a discount to fair value. Other industry representatives also were in demand: Unitedhealth Group Inc. went up by 0,48%, WellPoint Inc. – On 1,71%, MetLife Inc. – On 2,38%, Aflac Inc. – On 2,38%, Aetna Inc. – On 1,34%, Cigna Corp. – On 0,82%.

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The market review for December, 9st

Stock trades in the United States were closed on December 8 leading indexes lower. Without much optimism players embraced released data on loss development company Nakheel, a Dubai-controlled investment fund Dubai World, are trying to negotiate with creditors on debt restructuring. Nakheel Net loss for the first half of 2009. amounted to 13.4 billion dirhams (3.65 billion dollars), which exceeds the amount of debt the company. If the Dubai World would not be able to negotiate with creditors and filed for bankruptcy, the world stock market may react to it is extremely painful. The precipitating factor was the fall in oil prices, contributed to the negative dynamics of quotations of oil companies, and reduce the rating agency Fitch’s credit rating to BBB + Greece with the forecast “negative”. In the short term to lower the rating of this country can and rating agency Standard & Poor’s.

As a result of trades on 1,1% cheaper shares of the world’s largest oil company ExxonMobil Corp., And securities of its nearest rival Chevron Corp. Lost 1.8%. At 3.1% in the trades cheaper shares the world’s largest mededobyvayuschey company Freeport-McMoRan Copper & Gold Inc., Helped by falling prices for gold by nearly 2%. Shares of the largest U.S. gold mining company Newmont Mining Corp. fell 2.9%. Snizilshis up trades and securities of large U.S. banks, including shares of Citigroup Inc. (-3%) And Bank of America (-3%).

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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, 25st

Trading in stocks in the U.S. on November 24 2009. major indices closed lower against the background of macroeconomic news. Not met the expectations of analysts revised data on the dynamics of U.S. GDP in III quarter of 2009. According to a report before the U.S. Department of Commerce (United States Department of Commerce), compared to last quarter grew by 2.8%, up 0.7 percentage points lower than the preliminary GDP data published by 29 October 2009. Analysts expect U.S. gross domestic product in July – September 2009. grow by 2,9%.

More positive was the report of the research organization Conference Board’s index of consumer confidence in the U.S.. According to the report, this index increased in November at 0.8 points – to 49.5 points. It was expected that the index would be 47.7 points.

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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, 2st

Stock trades in the United States were closed on October 30 leading indexes lower on the background of macroeconomic news. At investor sentiment negatively affected the report of the Ministry of Commerce (US Department of Commerce), published prior to bidding. According to him, the volume of consumer incomes in the country in September 2009. compared with the previous month, virtually unchanged, while the volume of consumer spending in September 2009. decreased by 0,5% compared to the previous month.

In addition, since the start of the trading session in the report of the University of Michigan / Reuters index figures were published in consumer confidence in the U.S., which fell in October to 2.9 points and amounted to 70,6 points. Analysts expected 70 points. Almost at the same time was published index of business activity in October 2009. Which grew at 8.1 points and totaled 54.2 points, said association manager in Chicago. Analysts expect the figure for the period totaled 48.5 points. 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, 20st

Stock trades in the United States ended on Oct. 19 the growth of leading indexes to the new maximum marks for the past 12 months. Once again, the reason for the growth of quotations served favorable reports of a number of companies, including reports of one of the largest publishing houses in the U.S. Gannett Co. and electrical products manufacturer Eaton Corp., which surpassed analysts’ expectations. Against this backdrop, shares of Gannett, and Eaton risen up bidding on 8,2% and 5,7% respectively.

Analysts said the Moscow Stock Center, on Monday the U.S. stock market continued its upward movement on the background of expectations of positive corporate news release, growing cost of oil and improve U.S. futures indices. The lack of any significant macroeconomic statistics provided an opportunity “bulls” to dominate. Futures for the American index S & P 500 crept close to the mark of 1,100 points, as oil prices stayed below the key level of $ 80 per barrel. That also played into the hands tuned to increase investors. Better the market looked like the paper oil and gas and chemical sectors, worse – shares of banks. read more

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The market review for October, 19st

Stock trades in the U.S. on October 16 resulted in reduction of leading indexes against corporate news. Investors are once again disappointed by reports of banks, and this time a negative factor was the outcome of the Bank of America, have made billions in losses on the results of III quarter 2009. Furthermore, he did not add optimism to investors Corporate Report multidisciplinary group General Electric.

According to the results of III quarter 2009. net losses Bank of America made a $ 1 billion against earnings of 1.18 billion dollars for the same period of 2008. Total revenue increased bank by 32%, amounting to 26.04 billion dollars, while in the III quarter of 2008. this figure was recorded at 19.62 billion dollars by the Bank’s opinion on the financial performance in the III quarter have been affected by the weakness of the U.S. and world markets. Also the results of Bank of America have negatively affected the payment of 402 million dollars to the U.S. government to end the program guarantees for the assets of the bank. Against this background, stock quotes, Bank of America on the basis of trades fell by 4,6%. read more

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