The market review for April 16

Bidding on the U.S. stock market Thursday, April 15, started opposite changes leading indexes because of the weak macroeconomic statistics.First, investors’ expectations are not justified report U.S. Department of Labor (United States Department of Labor), demonstrating growth in the number of primary applications for unemployment benefit up to 484 thousand from the past 460 thousand, while experts predicted decline to 440 thousandThis is the second consecutive increase in the number of those who receive the allowance, which is not evidence of improvement in the labor market, although the data on unemployment, which is no longer growing, continue to point to stabilize the situation.

Do not boosted share prices and the report of the Federal Reserve System (FRS) on industrial production for March, submitted before the start of the trading session.According to the report, the volume of industrial production increased in comparison with the previous month, only 0.1%, while economists predicted growth rate on a monthly basis on 0,7%.In addition, pressure on the paper provided investor concern problems with the budget deficit of Greece, which vaguely resemble the fiscal problems of the United States, behind that except that the explosive growth rates for American state bonds until portends.

Positive in the auction could bring the data on the amount of net investment assets of non-residents in the U.S. – up to February, he made 47.1 billion dollars, one and a half times the forecasts. Can not but rejoice and information on the GDP growth in China, which in I quarter has made 11,9%.Now, market participants expect a revaluation of the yuan, and it will allow China to buy more products of American manufacturers. Finally, three hours before the end of the session on Thursday became aware of the increasing value of the index of business expectations in the construction sector in April by 4 points with 15 points in March.The growth indicator was due to the demand for single-family homes. At such a heterogeneous external background leading U.S. stock indexes were difficult to determine the direction of motion, but in the end the day still left behind “bulls”.

As a result of trading on April 15 the Dow Jones index rose by 21.46 points (0.19%) – up to 11,144.57 points, NASDAQ rose 10.83 points (0.43%) – up to 2,515.69 points, S & P added 1.03 points (0.09%) and amounted to 1,211.68 points.

At a very optimistic note, are traded securities of one of world’s leading logistics service United Parcel Service Inc., Quotations which soared 5.3% after the publication of strong financial report for the I quarter of 2010. Net profit for the period amounted to 71 cents a share, while industry experts expect to see 57 cents per share. United Parcel Service has increased and profit forecast for 2010. and now it is estimated at U.S. $ 3,05-3,3per share, which is significantly higher than the February forecast of the company in 2,7-3,05 U.S. News became an occasion to review the forecast on the shares of United Parcel Service with “at market” to “above market” analysts Piper Jaffray and William Blair. Latest together similarly revised its outlook on FedEx Corp., As a result, the company increased by 1.71%.The papers of the third largest players in the industry, CSX Corp., Demand is not used and cheaper at 0.38%.

Technology company continued to push the NASDAQ up a faster pace. Continued to rally in the papers of semiconductor manufacturers, due to a strong report submitted before the Intel Corp.Last added in the price of 2,98%, virtually repeating the result of the environment. It is less famous rival Advanced Micro Devices Inc. (AMD) tried to keep up and rose by 2.73%. For chipmeykerami hauled and quotes manufacturer of memory modules SanDisk Corp. (2.52%). Grown-up day and competing Apple Inc. (1.31%) and Microsoft Corp. (0.16%).

Most steel companies on April 15 has lost much in price. Earlier steelworkers asked U.S. President Barack Obama have contributed revaluation of the Chinese currency to U.S. steel companies to produce more for export and supply, respectively, to increase the number of jobs.Now the expectations of the appreciation of the yuan appeared, but the steelworkers went into the negative. Apparently, the incipient turn affected the market of raw metals. Capitalization of United States Steel Corp. fell to 3,22%, AK Steel Holding Corp. – On 2,12%, Southern Copper Corp. – On 2,31%, Freeport-McMoRan Copper & Gold Inc. – On 1,34%, Newmont Mining Corp. – On 0,97%, Arcelor Mittal – on 2,27%, Alcoa Inc. – On 0,83%. Better to look the largest U.S. coal mining company Peabody Energy Corp.Reported an increase in the price offered for the Australian ugledobytchika Macarthur Coal, 14% – up to 4.1 billion Australian dollars (3.8 billion U.S. dollars). Australian asset is interesting in terms of opportunities for coal exports to China, which last year tripled its purchases.Quotes Peabody on the background of increased chances of acquiring Macarthur limited decrease only 0.25%.

The banking industry is not unified dynamics happened. After take-off up in the last days of the beginning adjusted downward capitalization of Citigroup Inc. (-2.43%). Have fallen in price and shares The Bank of New York Mellon Corp. (-0,5%), PNC Financial Services Group Inc. (-1,53%), Goldman Sachs Group Inc. (-0,35%).The growth that has been seen before, were able to continue JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co, though it did not very confidently, adding to the price of 0,2-0,7%.

As a result of the trading session Thursday are several positive factors. First, glad that the indices continued to climb even after the rapid growth of the previous day.This suggests that the updating of many months of maxima on the market come new investment money, and speculators bought the paper is on what constitutes income, using the leverage. In addition, the optimistic forecasts that lets you do care, which indexes creep up.It is known that rapid growth usually sooner or later (usually sooner) ends plummeting, and a slow ascent may last indefinitely, because it creates a sense of stability. The immediate objective for the Dow Jones index at 11,245 points still in force, to achieve it left to go up another 0.9%.

Advanced Micro Devices Inc. (AMD:US) retreated 3.7 percent to $9.78. The second-largest maker of microprocessors reported first-quarter sales that beat analysts’ predictions, adding to evidence that personal-computer demand is increasing, though the growth lagged behind that of rival Intel Corp. (INTC:US)

Bank of America Corp. (BAC:US) gained 0.8 percent to $19.63. The largest U.S. lender posted its first profit in three quarters as the company reaped gains from Merrill Lynch & Co.’s investment banking and provisions for loan losses declined.

Boston Scientific Corp. (BSX:US) climbed 5.7 percent to $7.55. The world’s second-largest maker of heart devices said it won clearance to resume selling defibrillators pulled from the market in March.

General Electric Co. (GE:US) advanced 0.5 percent to $19.59. The world’s biggest maker of jet engines, medical- imaging equipment and power turbines reported first-quarter profit that fell less than analysts estimated as the finance unit stabilized and industrial equipment and service orders stayed level.

Google Inc. (GOOG:US) declined 4.8 percent to $566.90. The owner of the world’s most popular search engine reported first- quarter profit that fell short of analysts’ most optimistic estimates.

Yahoo Inc. (YHOO:US) fell 2 percent to $18.60.

Intuitive Surgical Inc. (ISRG:US) dropped 2.1 percent to $380. The surgical-system maker reported earnings per share excluding some items of $2.12, above the $1.72 average analyst estimate from a Bloomberg survey. The shares had gained 16 percent since April 7.

Lions Gate Entertainment (LGF:US) surged 8.3 percent to $6.90. Billionaire Carl Icahn raised his hostile offer for the independent film studio to $7 a share, valuing it at $826 million. Separately, Dallas Mavericks owner Mark Cuban said in regulatory filing he holds a 5.4 percent stake in Lions Gate.

Mattel Inc. (MAT:US) climbed 3.2 percent to $24.50. The world’s largest toymaker posted an unexpected profit in the first quarter on sales of Toy Story and World Wrestling Entertainment action figures and games.

NPS Pharmaceuticals Inc. (NPSP:US) slumped 7.6 percent to $5.75. The biopharmaceutical company said it plans to sell 7.5 million shares in a public offering.

Royal Bank of Scotland Group Plc (RBS:US) surged 7.3 percent to $15.34. Bank of America Corp. said Britain’s biggest government-owned bank may return to profit this year.

Silicon Motion Technology Corp. (SIMO:US) gained 4.8 percent to $6.50. The company boosted its forecast for first- quarter revenue to an increase of as much as 16 percent from the previous period, from the prior prediction of 5 percent or less.

Supervalu Inc. (SVU:US) rose 2 percent to $17.50. The second-largest U.S. grocery chain was rated new “short-term buy” at UBS AG.

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