The market review for November, 13st

Stock trades in the United States ended Nov. 12 with the leading indexes declining annual maximums. In early trading indices alternately dropped, then rose, but then went into the red zone. Quotes of the company was headed by reducing the energy sector. , Caused data U.S. Department of Energy (US Department of Energy) on oil, trade stocks for a week from 31 October to 6 November 2009. increased more significantly than expected – by 1.8 million barrels. and amounted to 337.7 million barrels. Against this background, at 1.4% down share prices in the world’s largest oil company, ExxonMobil, as well as its smaller rival Chevron, while the paper ConocoPhilips fell 1.8%.

For successfully completing the trading session for the world’s largest retailer Wal-Mart Stores Inc. Promulgated according to the report, net profit for the III quarter of 2009-2010 fiscal year grew by 3,2% – to 3.24 billion dollars, while quarterly revenues rose 1% and amounted to 99.4 billion dollars With this campaign Wal – Mart in the early hours of trading added to the price of 0,5%.

At 0,4% cheaper shares of the industrial group United Technologies, which announced its agreement to purchase units for the production of fire and security systems at General Electric for 1.82 billion dollars when it fell by 0,6% quotes world’s largest manufacturer of personal Computer Hewlett-Packard Co., who announced his intention to purchase network equipment manufacturer 3Com Corp. for 2.7 billion dollars in cash. Shares 3Com itself against this background that the outcome of trades soared 31.1%.

They could not ignore the message investors and the world’s largest mikroprotsesserov – Corporation Intel – that the company will pay its largest competitor, AMD 1,25 billion dollars to settle all antitrust disputes. Instead, AMD will withdraw claims against Intel worldwide. Against this background, quotes AMD soared 21.8%, and quotes Intel fell by 0,8%.

7,1% increase in prices on shares of chemical concern Dow Chemical, as the company announced that it reduced costs and increased sales after the acquisition of Rohm & Haas will allow the company to achieve greater revenues than predicted by experts.

Influence the course of trading provided and macroeconomic performance. In particular, published data on the number of initial applications for unemployment insurance in the U.S. for the past week. Indicator fell by 12 thousand and reached 502 thousand, which was better predictions of experts (512 thousand).

the Dow Jones index fell by 93.79 points (-0.91%) – to 10,197.47 points
NASDAQ – to 17,88 points (-0.83%) – to 2,149.02 points
S&P – at 11.27 points (-1.03%) – up to 1,087.24 points.

Sector :

Industry :

Key earnings/guidance since yesterday’s close:
-Walt Disney (DIS) beat by a nickel in its fiscal fourth quarter (Sept) on better-than-expected revenue of $9.9 bln (First Call consensus $9.3 bln). Shares of DIS are up 2% premarket.

Technical Perspective:
The long tails at resistances and the over extended short term indicators on Wednesday alluded to a period of corrective trade. Thus far the decline has been relatively modest with the S&P holding above the March-July trendline (crossed below late October, back above Monday), congestion and a short term retracement in the 1082/1080 area. For the near term a recovery back through 1091 and 1093 is still needed to neutralize the weaker action off the high. Initial supports below on a failure are at 1075 and 1072/1071.

Key economic data:
-September Trade Balance at 8:30ET (consensus -$31.8 bln; prior -$30.7 bln)
-Preliminary Michigan Sentiment around 9:55ET (consensus 71.0; prior 70.6)

Federal Reserve/Treasury calendar:
-Dallas President Fisher speaks at 9:20ET
-Chicago President Evans speaks as part of a panel on asset bubbles and monetary policy at 11:30ET
-New York President Dudley speaks at 20:30ET

Key Note/Bond auction results:
-None

Earnings:
-No companies are confirmed to report today after the close

Key industry conferences:
-Credit Suisse Healthcare Conference (Day 3 of 3) — Companies presenting: AUXL, WMGI, BIIB, BEC, KND, DNDN, LH, POZN, IPXL, PRXL, QSII

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