2009

Сен
22

The market review for September, 22st

flatStock trades in the United States 21 September 2009. ended differently directed changes in the leading indices. Reduced prices for oil and metals had a negative impact on the value of the shares of commodity companies. Thus, in the red zone closed bidding for one of the largest U.S. gold producers Barrick Gold Corp. (-1.5%), As well as for aluminum producer Alcoa (-0,9%). Also decreased the value of securities the country’s largest oil companies, including ExxonMobil (-0,6%), Chevron (-0,8%) and ConocoPhillips (-1,4%), as well as oilfield services company Halliburton (-2,5% ).

The negative impact on the outcome of the bidding had and macroeconomic news. Thus, the research organization Conference Board reported that the index of leading economic indicators for the U.S. in August of 2009. increased by 0,6%. This was slightly below forecasts of experts (0.7%).

Not spared the attention of investors and corporate news, among them — the financial report of one of the largest U.S. construction companies Lennar Corp. According to the report, the company’s net loss in the III quarter of 2008-2009 fiscal year, rose almost 2 times — up to $ 171.6 million, compared with 89 million dollars in the III quarter of last fiscal year. The results are not met the expectations of analysts, and stock quotes, company declined to 3,1%. At 1,8% cheaper securities earthmoving equipment manufacturer Caterpillar Inc., Since the company reported a significant reduction in sales in August 2009.

At the same time, analysts’ forecasts have led to strengthening of positions of biotechnology companies. Thus, the growth has been among the leaders of the biotechnology company Celgene Corp., Whose shares have risen in price by 5%.

Dow Jones index dropped by 41.34 points (-0.42%) — up to 9,778.86 points
S&P — on 3.64 points (-0.34%) — up to 1,064.66 points
NASDAQ index rose by 5.18 points (0.24%) — up to 2,138.04 points.

Sector :

Sector :2009-09-22

Industry :

Industry :2009-09-22

Technical Perspective: The action over the last several days has been sloppy, but despite the better than 8% surge off the early month low selling interest has remained muted as the S&P has ended within a mere four points of the 11-month closing high. For the very near term the levels to watch on a closing basis for a read on the underlying health of the September advance are at 1061 (low of last week’s high bar) and Monday’s low (1057). Trade is erratic and volume slow with much of the intraday focus on the swings in the Dollar index. Short term, however, patterns will retain a potential favorable bias as long as the S&P can continue to hold above the 1061 level. Resistance above the bounce high (1066) and unchanged (1068) is at Friday’s high (1071).

Key economic data:
-July House Price Index m/m at 10:00ET (consensus 0.5%; prior 0.5%)

Federal Reserve/Treasury calendar:
-Secretary Geithner and Energy Secretary Chu speak on renewable energy at 10:30ET

Key Note/Bond auction results:
-$43 bln in 2-year Notes at 13:00ET

Earnings:
-AIR and FUL are confirmed to report today after the close

Key industry conferences:
-Bank of America, Merrill Lynch Power & Gas Leaders Conference (Day 1 of 2) — Companies presenting: AES, CPN, RRI, PCG, WEC, XEL, CEG, ETR, EXC, PEG, PPL, FE
-UBS Global Life Sciences Conference — Companies presenting: CRA, MITI, VASC, XRAY, GXDX, LIFE, OSIS, OSUR, BIIB, CMN, ISPH, SRCL, SVA, ILMN, QCOR, AFFX, FLML, NVS, BLUD, LH, MRX, NKTR, CALP, KG, MNKD, WAT, IMA, PKI, TELK, THOR, CADX, DNEX, IMMU, MYGN, STE, AVII, IRIS, OPK, OPTR, CELG, PTIE, RMD, CRL, SGEN, SYK, ARAY, CPHD, OREX, VRTX, HALO, VTIV, ALXN, AMRI, GERN, SNTS, BMRN, CYBX, NXTM, ASGN, ATSI, MEND, NTY
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