The market review for November, 10st

Stock trades in the United States ended on November 9 the leading index increased on average by 2%. Investors with optimism have reacted to the outcome of the meeting of finance ministers “big Twenties” (G20), which was decided on further measures to stimulate the economy. This gave impetus to financial sector companies, led by banks, Citigroup Inc. (+3,2%), Which the Government supported the $ 45 billion, and Bank of America Corp. (+4.8%), The largest U.S. bank by total assets. Among the companies in the mining sector growth were the leaders of the largest U.S. gold producer Barrick Gold Corp., Whose shares went up by 3,3%, and one of the world’s largest mededobyvayuschih company Freeport-McMoRan Copper & Gold Inc., Quotes which increased by 4, 6%. The reason for the growth of quotations was the increase in metals prices.

At 20,4% soared quotes telecommunications company Sprint Nextel. In the media reported that the company intends to invest a minimum $ 1 billion in broadband wireless operator Clearwire Corp.

Went up by 1.8% and shares of the largest U.S. producer of tobacco products Altria Group Inc., As analysts at Morgan Stanley expect a significant increase of their value in the near future – if companies can reduce costs and increase prices of their products. At 1.5% increased the value of securities the world’s largest network of fast food McDonald’s Corp., Because, according to U.S. media, the company will sign the sponsorship contract with the English Football Association, which could have a positive impact on revenue McDonald’s.

Meanwhile, at 0.9% decreased the cost of paper food manufacturer Kraft Foods. The company again made an offer to buy British confectionary manufacturer Cadbury, with the amount of the transaction is estimated at 9.8 billion pounds (16.3 billion dollars). Transaction is expected to make cash and in shares, which Kraft Foods will have to issue new securities.

Dow Jones index rose by 203.52 points (2.03%) – to 10,226.94 points
NASDAQ – rose by 41.62 points (1.97%) – to 2,154.06 points
S&P — at 23.78 points (2.22%) – up to 1,093.08 points.

Sector :

Industry :

Technical Perspective:

The Dow has rallied five out of the last six sessions (+5.6% low to high) and has established new 52-week closing/intraday highs. The Nasdaq 100 has also rallied five out of the last six days and set a new 52-week closing high. The S&P has lagged in terms of setting new yearly highs, but it did end higher for the sixth session in a row (+6.2% intraday low to high). Volume was below average on yesterday’s strong move and generally modest on the run off last week’s low, but momentum/price patterns remain firmly bullish. The key for the very short term will be if the S&P can break and build value above its 52-week closing (1197.91) and intraday (1101.36) highs.

CALENDARS
Key economic data:
-None

Federal Reserve/Treasury calendar:
-Atlanta President Lockhart speaks on the U.S. economic outlook at 9:15ET
-San Francisco President Yellen speaks on the U.S. economic outlook and real estate at 10:05ET
-Boston President Rosengren speaks at 11:15ET
-Governor Tarullo speaks at 15:30ET
-Dallas President Fisher speaks on the U.S. economy at 19:30ET

Key Note/Bond auction results:
-$25 bln in 10-year Notes at 13:00ET

-12 companies are confirmed to report today after the close, though none are expected to be market-moving releases

Key industry conferences:
-Bank of America-Merrill Lynch Banking and Financial Services Conference (Day 1 of 2) — Companies presenting: BAC, FHN, GS, RF, STT, COF, CYN, SBNY, FITB, HCBK, BLK, AXP, MS, TD, ZION, AMG, BK, DFS, USB, NYB, NYX
-Piper Jaffray Global Internet Summit (Day 1 of 2) — Companies presenting: ADBE, NFLX, SNIC, YHOO, INFA, RHT
-Robert W. Baird Industrial Conference (Day 1 of 2) — Companies presenting: ETN, MAS, PH, WSO, GHM, MTD, PNR, BWA, CFX, CSL, R, ABFS, JOYG, GDI, NLC, SNHY, CNW, PPO, PTV, ROCK, DCI, HNI, SNA, POOL, TITN, FARO, ITW, RBC, WBC, ITT, WGO, CAT, MEI, ROP, KNX, IEX, ESE, IBI, ARG, MWA, FLS, OI
-Thomas Weisel Alternative Energy Conference — Companies presenting: BTUI, CXO, FTEK, SOLR, VQ, AEM, SM, XIDE, ACN, ALTI, DNR, FCEL, ITRI, SWN, SATC, VRNM, ORA, FSYS, GTE, REXX, RTK, BLDP, UQM, MXWL, PLUG, ACPW

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