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%.

Quotations most steel companies were tightened up after the prices of base metals, which on Tuesday showed a growth of 1,8-4%. Capitalization Alcoa Inc. increased by 0,22%, United States Steel Corp. – On 2,61%, Freeport-McMoRan Copper & Gold Inc. – On 0,01%, Arcelor Mittal – on 1,59%. Newmont Mining Corp. eve almost lost in the price, although it did all other companies in the industry, so on Tuesday its quotations sagged to 1.32%. Slightly looked Southern Copper Corp., Capitalization decreased by 1.93% after lowering guidance on its paper “above market” to “neutral” group of HSBC Securities. Absolute outsider industry became AK Steel Holding Corp. due to collapse of quotations on 7,11%. Bad company accounted for the I quarter of 2010. (Earnings 2 cents per share against the loss of 67 cents per share a year earlier), but the message of management that the operating results of II quarter of this year can not be reliably estimated because of uncertainty about the global iron ore prices prompted the closure of long positions by large investors.

Surpassed analysts’ forecasts for net profit in I quarter of 2010. and the largest in the U.S. health insurance company by the number of insured persons Unitedhealth Group Inc. She managed to earn 1.03 per share, while investors expect only 0.69 doll.Sokrativshiesya during the crisis amounts of insurance by employers of their employees were offset by increased sales of policies to older customers. The company also raised its profit forecast for 2010. from 2,9-3,1 to $ 3,15-3,35 per share. Although trading securities Unitedhealth Group and began gepom up to the end of the day the company’s shares have lost in the price of 0,8%. Fall quotes completed the session and WellPoint Inc. (-1.17%) And Cigna Corp. (-1.05%). By the way, analytical coverage last three issuers on April 20 beginning the company Wedbush Morgan Securities, and all of whom were awarded recommendation “neutral.” On the other insurers were looking up: shares Aetna Inc. rose by 0,09%, The Chubb Corp. – On 1,19%, Aflac Inc. – On 1,34%, MetLife Inc. – On 2,11%. Leader growth sector was American International Group Inc. (AIG), the quotations which soared 6.5% on news that the company is preparing a lawsuit against Goldman Sachs and intends suing about $ 6 billion for collateralized debt obligations.

For the first time in the last three trading sessions began to change investment sentiment against U.S. air carriers, which is apparently associated with the revival of transport in Europe, where there is no receding by the eruption of the volcano. Could grow quotations US Airways Group Inc. (+3,63%), AMR Corp. (1.78%) and LAN Airlines SA (+0,22%). Slightly less looked the world’s largest airline Delta Air Lines Inc. (-0.15%), Reported on the reduction of up to I quarter net loss to 31 cents a share against 96 cents per share for the same period of 2010. Analysts expected the airline will be able to earn 23 cents per share. He raised the head of investor mood Delta Air Lines, Richard Anderson, who reported on the expectations of entering the profit after the II quarter of 2010. Could not finish “in the black” Southwest Airlines Co. (-0.07%) And UAL Corp. (-0.15%).

Exceeded forecasts by industry experts and net profit of the manufacturer of consumer products Johnson & Johnson. Its size excluding one-time factors amounted to $ 1.29 per share, while analysts had expected 1.27 dollars per share. The volume of sales for the past quarter of $ 15.6 billion dollars fully met expectations. However, the management of the company lowered earnings forecast for the current year, to $ 4,85-4,95 4,8-4,9 per share, causing the fall of the value of shares Johnson & Johnson to 0,06%. In negative territory finished the day and paper industry’s largest player Procter & Gamble Co. (-0.05%). More optimistic investors were set against Kimberly-Clark Corp. (0.61%) and Colgate-Palmolive Co. (0.46%).

The end of the auction was held in a positive manner, rebound to maximum levels of the year is almost over. In the current environment, the question is whether the market goes higher, especially given the existing problems. But experts on the U.S. market tend to believe that you should not pay attention to the situation with Goldman Sachs, as the corporation has a very high chance to defend themselves in court because of the highest caliber of its lawyers and the presence of important arguments against the attacks of the Securities and Exchange ( SEC). So, apparently, one problem will soon be less. The financial statements of leading U.S. companies are pleased investors, a sad example of aluminum giant Alcoa, opens season with statements that are followed by almost nobody. Against this background, the chances for renewal of annual maxima for all major U.S. stock indexes are quite high.

Altera Corp. (ALTR:US) rose 4.6 percent to $27.98. The maker of maker of programmable semiconductors reported first- quarter profit excluding some items of 50 cents a share, 26 percent higher than the average of 17 analyst estimates in a Bloomberg survey. Barclays Capital Inc. analyst Timothy Luke raised his share-price target to $32 from $26.

Apple Inc. (AAPL:US) surged 5.7 percent to $258.50. The maker of the iPhone and the iPad tablet computer reported second-quarter profit and sales that beat estimates as Chief Executive Officer Steve Jobs promised to release “several more” products in 2010. Sales beat the average analyst estimate, according a Bloomberg survey. The company also forecast third-quarter sales higher than the average estimate.

EMC Corp. (EMC:US) rose 2.5 percent to $19.90. The world’s biggest maker of storage computers boosted its full-year sales and profit forecasts. Sales will be $16.5 billion this year, 2.5 percent higher than the average of 35 analyst estimates in a Bloomberg survey. Per-share profit, minus some costs, will be $1.18, 3.5 percent higher than the average estimate.

Gilead Sciences Inc. (GILD:US) fell 4.6 percent to $43.01. The world’s largest maker of AIDS treatments lowered its forecast for 2010 sales. It also said sales of its drugs Truvada and Atripla fell short of estimates in the first quarter.

Huntington Bancshares Inc. (HBAN:US) rose 4.6 percent to $6.10. Ohio’s third-largest bank posted its first quarterly profit since 2008 and said it would be profitable for 2010 as an improving economy helps credit trends.

Juniper Networks Inc. (JNPR:US) fell 5.8 percent to $29.73. The second-largest maker of networking equipment projected revenue that fell short of some analysts’ estimates. Second- quarter sales will be $930 million to $970 million, compared with a $943.7 million average estimate of 29 analysts surveyed by Bloomberg.

Manhattan Associates Inc. (MANH:US) advanced 8 percent to $29.50 in trading after U.S. exchanges closed yesterday. The maker of software that helps businesses manage inventory posted earnings of 36 cents a share, beating the average analyst estimate of 20 cents.

Nuvasive Inc. (NUVA:US) fell 5.2 percent to $42 in extended trading yesterday. The maker of surgical treatments for the spine posted first-quarter adjusted earnings of 6 cents a share, compared with a 7-cent average analyst estimate.

Panera Bread Co. (PNRA:US): The chain that operates bakery cafes raised its first-quarter earnings forecast to 81 cents to 82 cents a share. Analysts project earnings of 77 cents, according to a Bloomberg survey.

Phillips-Van Heusen Corp. (PVH:US): The apparel company that owns the Calvin Klein brand forecast full-year adjusted earnings per share below the average analyst estimate. The company also said it is starting an offering of 4.5 million shares of common stock.

Synovus Financial Corp. (SNV:US) fell 15 percent to $3.26. The Georgia bank posted a loss of 65 cents per share. Analysts expected 48 cents, according to the average in a Bloomberg survey.

Tempur-Pedic International (TPX:US) rallied 11 percent to $34.65. The maker of luxury mattresses raised its 2010 earnings forecast to $1.70 to $1.85 a share. The company also reported first-quarter earnings that beat the average analyst estimate.

Yahoo! Inc. (YHOO:US) fell 4 percent to $17.65. The owner of the second-ranked U.S. Internet search engine forecast second-quarter sales that missed analysts’ estimates after the company lost market share. The company also reported first- quarter sales excluding revenue passed on to partner sites that totaled $1.13 billion, compared with the $1.17 billion average that analysts had projected.

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