2009

Окт
15

The market review for October, 15st

Обучение торговле акциями на NYSE, Nasdaq, Amex

Stock trades in the United States were closed on October 14 confident growth of leading indexes against corporate news. With optimism investors viewed the financial reports the world’s largest manufacturer of chips for PCs Intel Corp. and one of the largest U.S. bank JPMorgan. An additional positive factor for steel and favorable financial projections of the companies in the near future.

Upon completion of the previous trading session, Intel released a financial report that the company’s net profit up to the III quarter of this year decreased by 7,8% and amounted to 1.86 billion dollars, while revenues Intel in III quarter has decreased on 8,1% — to 9.39 billion dollars The results were above market expectations. In addition, Intel has given a fairly optimistic forecast of market development for the future. As a result, quotes Intel jumped up bidding on 1,7%.

Before tendering his report on the results of III quarter 2009. issued and the bank JPMorgan Chase. Bank’s net income increased nearly 7-fold, reaching 3.59 billion dollars (the year before — 527 million dollars), while net revenues increased by 80% — to 26.62 billion dollars The results surpassed the wildest expectations of experts — the profit per share was at 0.82 dollars, with projections of up to U.S. $ 0.5 Against this background, stock quotes, JPMorgan grew up bidding on 3,3% and have increased the value of shares in other companies of the financial sector. For example, securities bank Goldman Sachs on the basis of trades went up by 2,7%, while shares of Citigroup and Morgan Stanley — by 3,5% and 5,4% respectively.

Able to strengthen their position and the pharmaceutical company Abbott Laboratories Inc., Also published the quarterly data. Net income in the III quarter of 2009. increased by 36,5% and amounted to 1,480 billion dollars, while sales for the period increased by 3,5% and amounted to 7.761 billion dollars Quotes Abbott grew up bidding on 3,1%.

Not escaped the attention of the macroeconomic news. Before bidding U.S. Department of Commerce (US Department of Commerce) has published data on the volume of retail sales for September this year. Index decreased by 1,5% compared with August and amounted to 344.69 billion dollars, while analysts predicted a sharp drop — by 2,1%. Meanwhile, a report by the Ministry of Labor on the import and export prices. The reported prices for imported goods and services in September 2009. increased by 0,1%, while exports from the United States — decreased by 0,3% in monthly terms.

Even after the opening trading session of the U.S. Ministry of Trade has published another report — the stocks of manufactured goods, components and semi-finished products in storehouses in August this year The reported figure for August 2009. decreased by 1,5% compared with July 2009. Analysts also predicted that the decline will be only 0,9%.

Dow Jones index rose 144.8 points (1.47%) — to 10,015.86 points

NASDAQ — at 32.34 points (1.51%) to 2,172.23 points

S&P — at 18.83 points (1.75%) to 1,092.02 points.

Sector :

Sector :2009-10-15

Industry :

Industry : 2009-10-15

Key earnings/guidance since yesterday’s close:
-Goldman Sachs (GS) beat by a whopping $1.01 in the third quarter on much better-than-expected revenue of $12.4 bln (First Call consensus $11.0 bln). But net revenue in Trading and Principal Investments were 7% lower q/q and net revenue in Investment Banking were 38% lower q/q. We’d note, however, that the third quarter is cyclically weak historically. Shares of GS are down 3% premarket.
-Nokia (NOK) beat by 0.04 euros in the third quarter but missed on the top line, reporting revenue of 9.8 bln euros (consensus 10.0 bln euros). The company expects its mobile device market share in the fourth quarter to be flat sequentially, as it was in the third quarter. But it raised its industry mobile device volume guidance for 2009 to -7% from -10%. Nevertheless, shares of NOK are down 10% on the top line miss.

Technical Perspective:

The S&P rallied yesterday for the seventh session out of the last eight for a gain of 7% from intraday low to high. While this leaves it somewhat extended on a short term basis, there have been no indications yet that the momentum has slowed (volume was stronger and above average). A continued posture above 1088/1086 in early gyrations would leave it in position for a follow through attempt (more important support is at 1080/1079). The initial resistance of interest above the high (1093) is in the 1095/1096 area followed by 1100/1102.

Key economic data:
-Initial Jobless Claims for the week ended Oct. 10 (consensus 520K; prior 521K) and Continuing Claims for the week ended Oct. 3 (consensus 6.000 mln; prior 6.040 mln) at 8:30ET
-September CPI m/m (consensus 0.2%; prior 0.4%) and y/y (consensus -1.4%; prior -1.5%) at 8:30ET
-September core CPI, which excludes food and energy, m/m (consensus 0.1%; prior 0.1%) and y/y (consensus 1.4%; prior 1.4%) at 8:30ET
-October Empire Manufacturing at 8:30ET (consensus 17.3; prior 18.9)
-October Philadelphia Fed business outlook survey at 10:00ET (consensus 12.0; prior 14.1)

Federal Reserve/Treasury calendar:
-St. Louis President Bullard speaks on debt, financial markets and monetary policy at 9:45ET
-Secretary Geithner speaks at 16:15ET

Key Note/Bond auction results:
-None

Earnings:
-GOOG and IBM, as well as smaller names AMD, CBST, CYT, HRLY, OMTR, PBCT, TPX and UFPI, are confirmed to report today after the close

Key industry conferences:
-None

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