The market review for November, 24st

Stock trades in the U.S. on November 23 leading indexes closed higher on the background of macroeconomic statistics. With optimism investors viewed the data of the National Association of realtors on the number of sales of houses in the secondary market in the U.S. in October 2009. That exceeded expectations. Annual volume (for the last 12 months) sales of houses on the secondary housing market in the United States in October 2009. annualized seasonally adjusted grew by 10,1% and amounted to 6.1 million units. Analysts expect that figure for the past month was 5.7 million units. In addition, the market rumors that the Federal Reserve System (FRS), the U.S. intends in the near term to keep the discount rate at a record low level, which contributes to the positive sentiment among investors.

As a result of trading on 2% increase in prices rally the world’s largest oilfield services company Schlumberger Ltd., As analysts from Credit Suisse Group AG raised its rating to “neutral” to “above market”. Against the backdrop of rising oil prices have risen in price and securities of oil companies. Thus, at 1.8% in trading securities have risen in price the world’s largest oil company ExxonMobil Corp., While shares of its smaller competitors Chevron and ConocoPhillips – by 2,6% and 0,6% respectively. On the rising gold prices to record levels on the basis of trades rose quotes mining companies. In particular, the 2,1% increase in prices in the United States share the largest gold mining company Newmont Mining.

Increases in the prices on the basis of trading and shares of financial companies led by shares of the bank Goldman Sachs Group Inc. (+1.2%), As analysts at Sanford C. Bernstein raised the forecast on the value of its shares in the short term.

At 2.9% and 2% respectively on the basis of trading shares have risen in price one of the largest U.S. telecommunications company AT & T Inc. and the largest in the U.S. agricultural equipment manufacturer Deere & Co. Growth of value of shares Deere & Co. increase their rating analysts from Morgan Stanley.

Dow Jones index rose by 132.79 points (1.29%) – to 10,450.95 points
NASDAQ – to 29,97 points (1.4%) – to 2,176.01 points
S&P rose 14.86 points (1.36%) – up to 1,106.24 points.

Sector :

Industry :

Key earnings/guidance since yesterday’s close:
-Hewlett-Packard (HPQ) reported fiscal fourth quarter (Oct) results in line with its Nov. 11 preannouncement, despite some negativity among analysts — EPS $1.14 vs. $1.13 First Call consensus; revenue $30.8 bln vs. $30.4 bln consensus. The company also reaffirmed the guidance it provided two weeks ago, seeing 1Q10 EPS of $1.03-$1.05 (consensus $1.04) and revenue of $29.6-$29.9 bln (consensus $29.7 bln), and seeing FY10 EPS of $4.25-$4.35 (consensus $4.31) and revenue of $118-$119 bln (consensus $119.1 bln). Shares of HPQ are showing little direction premarket, due to the company having already preannounced.

Technical Perspective:
Despite the backtracking for much of the day (Dow pulled back to close at its 2007-2008 trendline), the decline yesterday was contained, with a minor support for the S&P in the 1102 area holding in late trade. Initial resistance is at 1107/1108 in front of the session and last week’s 52-week high at 1112/1113, followed by a minor barrier near 1116. Supports are at 1100/1099 and 1096/1094.

Key economic data:
-Q3 GDP Second Estimate at 8:30ET (consensus 2.8%; Advance reading 3.5%)
-Real Personal Consumption Expenditures (consensus 3.2%; Advance reading 3.4%)
-core PCE (consensus 1.4%; Advance reading 1.4%)
-(Chain) Price Index (consensus 0.8%; Advance reading 0.8%)
-September S&P/CaseShiller Home Price Index y/y at 9:00ET (consensus -9.1%; prior -11.3%)
-November Consumer Confidence at 10:00ET (consensus 47.5; prior 47.7)
-September House Price Index m/m at 10:00ET (consensus 0.1%; prior -0.3%)

Federal Reserve/Treasury calendar:
-FOMC Minutes from the Nov. 3-4 meeting are due out at 14:00ET

Key Note/Bond auction results:
-$42 bln in 5-year Notes at 13:00ET

Earnings:
-BCSI, JRJC, CWTR, JCG, NZ and TIVO are confirmed to report today after the close

Key industry conferences:
-None

©quote.ru, briefing

My blog find on following phrases:

• movies about the stock market 2010
• tunnel thru the air solved
• eyefinity
• md230×6 which graphics card
• Qwest Communications International Inc. bond
• blackwood+platform
• 123

Similar articles:

• The market review for December, 1st
• The market review for November, 9st
• The market review for October, 22st
• The market review for November, 17st
• The market review for November, 5st

nyse    Market     association of realtors, BCSI, credit suisse, credit suisse group, CWTR, Dow Jones, federal reserve system, gold mining company, gold prices, goldman sachs, Goldman Sachs Group, goldman sachs group inc, group ag, Hewlett-Packard, HPQ, JCG, JRJC, macroeconomic statistics, Market, market rumors, NASDAQ, national association of realtors, New York stock exchange, newmont mining, nyse, NZ, oilfield services company, rising oil prices, S&P, sachs group inc, schlumberger ltd, stock, stock trades, TIVO, trade, trading securities

If you enjoyed this article please consider sharing it!