The market review for April 14

Bidding on the U.S. stock market on Tuesday, April 13, begin to reverse the quotes.Online stock market session set the record does not justify the hopes of aluminum giant Alcoa Inc., Published after the closing of the previous bidding and led to a fall on Wednesday the Dow Jones below taken on the eve of the level of 11000 points.Prior to the session, a report by the Ministry of trade of the country (United States Department of Commerce) on the U.S. trade deficit in February 2010. That the trade deficit has grown over the revised value for January 2010. and amounted to 39.7 billion dollarsAnalysts expected the indicator to 39 billion dollars is believed that the growth of the trade deficit is a positive for the economy, since an increase in imports brought about by increased consumption.In addition, it became known that the prices of imported goods and services in March 2010. grew only by 0,7% compared to the previous month, moreover, that analysts expected to increase by 0,9% on a monthly basis.The pessimism of market participants exhausted within an hour, and major stock market indices were able to return to levels close on Monday, where he spent most of the rest before closing time.

As a result of trading on April 13 the Dow Jones index rose by 13.45 points (0.12%) – up to 11,019.42 points, NASDAQ rose by 8.12 points (0.33%) – up to 2,465.99 points, S &P added 0.82 points (0.07%) and amounted to 1,197.30 points.

Net loss of one of the world’s largest producer of aluminum company Alcoa Inc. in the I quarter 2010. decreased more than twice and reached 201 million dollars against 497 million loss in the U.S. for the same period a year earlier. Alcoa’s revenues grew by 17% and amounted to 4.89 billion dollars, Nedotyanuv to predictions of experts (5.23 billion dollars). CEO Klaus Kleinfeld issued a statement that its position has continued to improve thanks to relatively high prices for aluminum, as well as increased demand for metal. K. Kleinfeld, incidentally, expects further growth in demand in 2010. – Not less than 10%.However, members of the American stock market is very sensitive to the financial statements, is worse than forecast, while sales fall even under the securities issuers, nedotyanuvshih to the expected numbers of a few percent. Therefore, the final outcome of bids for Alcoa in minus 1.58% was not surprising.UBS analysts have revised the recommendation of the papers aluminum giant to “buy” to “neutral.”

Quotes of most other companies in the industry have risen due to higher prices for industrial metals: United States Steel Corp. increased by 0,36%, Southern Copper Corp. – On 0,34%, Freeport-McMoRan Copper & Gold Inc. – On 0,62%, Arcelor Mittal – on 0,02%, Newmont Mining Corp. – On 0,43%.

Generally, UBS, on Tuesday was generous to the bottom of the recommendations. Clearly, experts do not see the potential in the financial companies. Recommendations from “neutral” to “sell” were lowered to Huntington Bancshares Inc., Regions Financial Corp. and TCF Financial Corp., with a “buy” to “neutral” – for Commerce Bancshares Inc. As a result, by the end of the day the paper said the companies have failed on 3-6%.More famous banks held more confident: the growth finished the day Goldman Sachs Group Inc. (0,79%), US Bancorp (+0,07%) and Bank of America Corp. (0.05%), small losses to Citigroup Inc. (-0,43%), JPMorgan Chase & Co. (-0,59%), Wells Fargo & Co (-0,83%), and The Bank of New York Mellon Corp. (-0.22%).

Enough negative securities are traded oil and gas companies. Oil prices remain stable and remain in the area of $ 85 per barrel.(Brent), but the bidders are beginning to notice that most of the fall session ends quotations of “black gold”, for example, were it not for take-off quotations in the evening on April 9, the barrel could have come down to $ 82, or even lower. Against this backdrop, begin to dominate the sale of shares in the industry. Thus, the value of securities Exxon Mobil Corp.fell to 0,07%, Chevron Corp. – On 0,27%, Occidental Petroleum Corp. – On 1,27%, Anadarko Petroleum Corp. – On 0,51%, Devon Energy Corp. – On 1,29%. A little better look of the company, which were raised recommendations. Oppenheimer raised its forecast for shares of ConocoPhillips’ at the market level “to” above market “, and UBS – with a” neutral “to” buy “at Royal Dutch / Shell and ENI SpA Against this background, the latter increased by 0,25%, Royal Dutch / Shell – on 0,07%, and ConocoPhillips limit the loss of 0,52%.

Dynamics of Trade on Tuesday did not inspire the players concerns about the immediate prospects of the American market. Looks like the Dow Jones index continue to consolidate or close to 11000 points, or be able to climb a little higher. This will be a positive development and will attract new money into the market.As the chief investment officer of investment company Balentine Adrian Cronje, the U.S. market firmly on his feet and each day rises ever higher, albeit marginally. Such dynamics soothing effect on investors. It turns out, wait for landslides is not the time.

NetProfit JPMorgan Chase & Co in the I quarter of 2010 increased by 54% to $ 3.3 billion against $ 2.14 billion in the I quarter of 2009.

The net proceeds of the bank, As stated in a press release, also increased by 11% to $ 27.67 billion, compared with $ 25.02 billion a year earlier.

Should be reminded that it was reported that JPMorgan Chase, the second largest bankU.S. by assets, may show the decrease in net profit against a background of losses from mortgages and credit cards.

On average assessment 21 analysts surveyed by Bloomberg, profits could reach $ 2.93 billion, or 64 cents per share. For comparison, net income was JPMorgan at $ 3.28 billionor 74 cents a share, in the IV quarter and $ 2.14 billion, or 40 cents per share a year earlier.

Netprofit world’s largest manufacturer of Intel microprocessors in the I quarter of 2010 grew by almost 4-fold to $ 2.4 billion in the I quarter of 2009, this figure the company made $ 629 million

As stated in a press release, revenues up I quarter of this yearamounted to $ 10,3 billion against $ 7.1 billion a year earlier.

Intel produces a wide range of electronic devices. The company’s headquarters is located in California. The company has more than 83 thousand employees.

Manual of the AmericanBank Morgan Stanley reported a loss of $ 5.4 billion incurred by the bank fund for investment in real estate business since 2007 is the largest losses in this sector in the modernworld economic history.

According to the edition of Wall Street Journal, Morgan Stanley told its investors that the $ 8,8-billion real estate fund may lose about two-thirds of its funds due to “unfortunate investments”.

Over the past 20 years the American Bank was the largest buyer of real estate around the world, when its total investment in this sector has amounted to $ 174 billion, but now as a result of the collapse of prices on business property fund Morgan Stanley Real Estate Fund VI International recorded the unprecedented losses.

Among the objects on which recorded losses, is, in particular the building of the headquarters of the European Central Bank in Frankfurt.

Cloud Peak Energy Inc. (CLD:US): The mining company said it produced 21.7 million short tons of coal in the first quarter, down from 22.7 million short tons in the same period the prior

CSX Corp. (CSX:US) rose 1.7 percent to $54.20. The freight- transportation company said it earned 78 cents a share excluding some items in the first quarter, beating the average analyst estimate of 70 cents in a Bloomberg survey.

Dendreon Corp. (DNDN:US) fell 2.4 percent to $37.89. The company seeking U.S. regulatory approval for its prostate cancer drug Provenge was downgraded to “hold” from “buy” at Citigroup Inc.

Healthcare Services Group Inc. (HCSG:US) fell 9 percent to $21.22 in extended trading yesterday. The housekeeping and laundry services company said it earned 17 cents per share excluding some items in the first quarter, trailing the 21 cent analyst estimate in a Bloomberg survey.

Intel Corp. (INTC:US) gained 4.7 percent to $23.85. The world’s biggest chipmaker forecast second-quarter sales that topped analysts’ predictions, citing growing worldwide demand for personal computers. First-quarter net income was 43 cents a share, above analyst projections of 38 cents a share.

Texas Instruments Inc. (TXN:US) climbed 2.4 percent to $26.50. Nvidia Corp. (NVDA:US) rose 4.3 percent to $18.42.

JPMorgan Chase & Co. (JPM:US) rose 3.1 percent to $47.30. The second-biggest U.S. bank by assets reported first-quarter profit excluding some items of 74 cents a share, 16 percent higher than the average of 21 analyst estimates in a Bloomberg survey.

Linear Technology Corp. (LLTC:US) added 3.4 percent to $30.65. The circuit maker said third-quarter revenue was $311.3 million, beating the average analyst estimate of $279.3 million.

Mosaic Co. (MOS:US) fell 2.3 percent to $55.50. North America’s second-largest crop-nutrient producer was downgraded to “neutral” from “buy” at Goldman Sachs Group Inc. Canada’s Potash Corp. of Saskatchewan (POT:US), also downgraded to “neutral” from “buy,” fell 2.2 percent to $109.70.

Salix Pharmaceuticals Ltd. (SLXP:US) declined 0.5 percent to $38.93 in extended trading yesterday. The drugmaker was rated new “overweight” at Thomas Weisel Partners.

My blog find on following phrases:

• brokers of NYSE
• merry cristmas
• barnes and noble
• anglo anshanti operation in north west
• nyse gold symbol
• merry christmas

Similar articles:

• The market review for November, 25st
• The market review for April 13
• The market review for October, 21st
• The market review for May 6
• The market review for March 2