The market review for January 27

The mood in the U.S. stock market on Tuesday, 26 January, were more optimistic than many of the world trading floors. Certainly, fears of tighter monetary policy in China, have affected the American indexes. They started the day lower, but quickly went into the “plus” after the publication of the index value of consumer confidence in the U.S. economy. In January, the index rose to 55.9 points, while analysts had expected growth to 53.6 points. Thus, the index increased for the third time in a row and has already peaked more than a year. Additional optimism of investors gave an increased likelihood of re-election of Ben Bernanke to head the U.S. Federal Reserve – for 40 senators said they supported his candidacy, while last Friday there were only 26. Against this backdrop, the leading U.S. stock indexes have been most of the trading session on a positive territory, but the day they finished in the same place and began – in a small minus.

As a result of trading Tuesday, the Dow Jones index fell by 2.57 points (-0.03%) – to 10,194.29 points, NASDAQ – at 7.07 points (-0.32%) – to 2,203.73 points, S & P – at 4.61 points (-0.42%) – up to 1,092.17 points.

The second trading session in a row show significant growth stocks Apple Inc. Jan. 26 the company reported an increase in profits for the past quarter, up 50% compared to the same period in 2008. It amounted to $ 3.67 per share, while analysts had expected U.S. $ 2,07 In addition, up to II quarter 2009-2010 financial year in Apple’s plan to earn about U.S. $ 2.1 per share, well above forecasts of experts. As a result, the daily increase capitalization of the company amounted to 1,41%.

Another representative technology companies – Texas Instruments Inc. – Also pleased bidders higher-than-expected financial performance for the IV quarter of 2009. Revenue rose to $ 3 billion, and net profit amounted to 52 cents per share, the experts expected 2.98 billion dollars and 49 cents per share, respectively. The results are not as impressive as that of Apple, and the market value of Texas Instruments fell to 1.44%.

In the banking sector soared to 6.47% in the price of shares of Zions Banccorp. Bank announced a reduction in the IV quarter of 2009. losses associated with problem debts. After that, analysts FBR Capital Markets raised its estimated price of securities Zions Banccorp. from 19 to 21 dollars per share and expressed the view that the bank will profit in the first half of 2011. Wells Fargo & Co fell by 2,42%, Bank of America Corp. – On 1,4%, JPMorgan Chase & Co. – On 1,96%, Goldman Sachs Group Inc. – On 2,65%.

Multidirectional finished day industrial companies. Profits of U.S. chemical giant DuPont Fabros Technology Inc. the IV quarter of 2009. (44 cents per share) was higher than analysts’ expectations (41 cents per share). DuPont shares lost in the price of 0,83%. For the first time after three quarters of losses on profit out one of the largest steel producers in the USA – Nucor Corp. It was 18 cents per share, which significantly exceeded analysts’ expectations, forecast only 7 cents per share. However, Nucor Corp. the positive territory for a long time is not delayed and the outcome on Tuesday lost 1.29% capitalization.

Much more significant “sunk” the action of another major staleproizvoditelya United States Steel Corp. In IV quarter of 2009. net loss amounted to $ 1.86 per share analysts had expected U.S. $ 1,43 In addition, the company is pessimistic look at the immediate prospects. The head of US Steel, John Surma expects an operating loss in the I quarter of 2010., Since the gradual improvement of the market situation is not yet fully reflected in the operating performance and Metallurgical Company. Tuesday capitalization US Steel fell to 11.77%. Fall of completed trades and Freeport-McMoRan Copper & Gold Inc. (-3,5%), Southern Copper Corp. (-2.96%) And AK Steel Holding Corp. (-0.19%).

Above expectations in the IV quarter of 2009. was the net profit oilfield Corporation Baker Hughes Inc. It was 27 cents a share instead of the expected industry experts from 8 cents. In addition, the company president Chad Deaton was optimistic in their forecasts. He expects growth in international activity in 2010. the increase in demand for oil and natural gas, and hence the growth in demand for the services of Baker Hughes. At the end of the day shares of the corporation soared 5.16%. Quotes Total were down 0,48%, Chevron Corp. – On 0,54%. On the positive territory completed auctions Exxon Mobil Corp. (0.11%).

Dynamics of quotations carriers was multidirectional. The world’s largest airline Delta Air Lines Inc. recorded a loss on the results of IV quarter of 2009. at 27 cents per share, while analysts expected 22 cents. As a result, airline stocks fell by 1.35%. Fell into the price and paper AMR Corp. (-3.3%), Which owns the airline American Airlines. Capitalization low budget carrier Southwest Airlines Co., Report back at a profit these days in the last quarter, rose by 2.56%.

On the daily chart the Dow Jones index was formed figure “long-legged rickshaw, which is a serious signal a reversal trend. Judging by the fact that the quotes are on the level of minimum two-month highs, should turn up. But that’s the behavior of U.S. market participants do not inspire confidence in the growth. On Monday, they allowed the index to grow only slightly, and on Tuesday and did increase the quotes to the “minus” confident of growth after day. By its actions, bidders make it clear that while the news background becomes calmer, and immediate prospects for a more specific, they will not buy.

Yet the head Evermay Wealth Management Beth Larson believes current optimal to invest surplus funds. According to her, investors should not confuse the behavior of the market in recent days, because in the long run, markets will grow.

Altera Corp. (ALTR:US): The maker of programmable semiconductors reported fourth-quarter profit excluding some items of 34 cents a share. The average estimate of analysts surveyed by Bloomberg was 29 cents.

Berkshire Hathaway Inc. (BRK/B US): Billionaire Warren Buffett’s insurance and investment company was picked to join the Standard & Poor’s 500 Index, the benchmark for U.S. stocks that investors with about $1 trillion in assets mimic.

DeVry Inc. (DV:US): The for-profit provider of higher education services reported a second-quarter profit excluding some items of $1 a share. The average estimate of analysts surveyed by Bloomberg was 83 cents.

Pactiv Corp. (PTV:US): The maker of Hefty garbage bags forecast first-quarter adjusted profit of 42 cents a share at most. The average analyst estimate in a Bloomberg survey is for earnings of 51 cents a share.

RF Micro Devices Inc. (RFMD:US): The U.S. maker of chips and radio systems for mobile phones reported third-quarter profit excluding some items of 14 cents a share, beating the average analyst estimate by 16 percent.

Yahoo! Inc. (YHOO:US): The owner of the second most-used Internet search engine in the U.S. reported fourth-quarter sales that topped analysts’ estimates as the online advertising market showed signs of recovery.

My blog find on following phrases:

• berkshire hathaway product innovations
• md230×6
• edward thorpe
• los angel casino trading
• how to become ambitious
• NYSE trades done per second
• 123

Similar articles:

• The market review for February 4
• The market review for April 14
• The market review for April 7
• The market review for March 2
• The market review for October, 26st

nyse    Market     26 january, ben bernanke, bidders, billion dollars, candidacy, capitalization, Consumer Confidence, Dow Jones, dow jones index, financial performance, growth stocks, last friday, monetary policy, NASDAQ, net profit, stock indexes, technology companies, texas instruments inc, trading session, u s stock market

If you enjoyed this article please consider sharing it!