Saturday, January 23, 2010
Friday, January 22, 2010
Pre-market - 8:00 am
Futures down again after Asia didn't do so good last night, and some other not so good earnings.
Today's economic calendar:
NONE
Today's earnings reports:
Before open:
After close: NONE
Upgrades:
Downgrades:
Today's economic calendar:
NONE
Today's earnings reports:
Before open:
| ACO | Amcol International Corp. | Industrial Goods | General Building Materials |
| APD | Air Products & Chemicals Inc. | Basic Materials | Chemicals - Major Diversified |
| AVX | AVX Corp. | Technology | Diversified Electronics |
| BBT | BB & T Corp. | Financial | Regional - Mid-Atlantic Banks |
| CVBF | CVB Financial Corp. | Financial | Regional - Pacific Banks |
| ERIC | LM Ericsson Telephone Co. | Technology | Communication Equipment |
| EVBS | Eastern Virginia Bankshares Inc. | Financial | Regional - Southeast Banks |
| EXC | Exelon Corp. | Utilities | Diversified Utilities |
| GE | General Electric Co. | Conglomerates | Conglomerates |
| HBAN | Huntington Bancshares Inc. | Financial | Regional - Midwest Banks |
| HOG | Harley-Davidson, Inc. | Consumer Goods | Recreational Vehicles |
| JCI | Johnson Controls Inc. | Consumer Goods | Auto Parts |
| KMB | Kimberly-Clark Corporation | Consumer Goods | Personal Products |
| MBFI | MB Financial Inc. | Financial | Regional - Midwest Banks |
| MCD | McDonald's Corp. | Services | Restaurants |
| PRSP | Prosperity Bancshares Inc. | Financial | Regional - Southwest Banks |
| SLB | Schlumberger Limited | Basic Materials | Oil & Gas Equipment & Services |
| STI | SunTrust Banks, Inc. | Financial | Money Center Banks |
| WBS | Webster Financial Corp. | Financial | Regional - Northeast Banks |
After close: NONE
Upgrades:
| RTP | Rio Tinto plc | Basic Materials | Steel & Iron |
| WIBC | Wilshire Bancorp Inc. | Financial | Savings & Loans |
| GHDX | Genomic Health Inc. | Healthcare | Medical Laboratories & Research |
| PERY | Perry Ellis International Inc. | Consumer Goods | Textile - Apparel Clothing |
| IGT | International Game Technology | Technology | Diversified Computer Systems |
| DLM | Del Monte Foods Co. | Consumer Goods | Processed & Packaged Goods |
| BAS | Basic Energy Services, Inc. | Basic Materials | Oil & Gas Equipment & Services |
| XCO | EXCO Resources Inc. | Basic Materials | Independent Oil & Gas |
| TK | Teekay Corporation | Services | Shipping |
| JPM | JPMorgan Chase & Co. | Financial | Money Center Banks |
| STNR | Steiner Leisure Ltd. | Services | Personal Services |
| EDE | Empire District Electric Co. | Utilities | Electric Utilities |
| JCOM | j2 Global Communications, Inc. | Technology | Internet Software & Services |
Downgrades:
| TI | Telecom Italia SpA | Technology | Diversified Communication Services |
| TEF | Telefonica SA | Technology | Telecom Services - Foreign |
| FIT | Health Fitness Corp. | Services | Personal Services |
| HOMB | Home Bancshares, Inc. (Conway, AR) | Financial | Diversified Investments |
| BDX | Becton, Dickinson and Company | Healthcare | Medical Instruments & Supplies |
| SCR | Simcere Pharmaceutical Group. | Healthcare | Drug Manufacturers - Other |
| KEY | KeyCorp | Financial | Money Center Banks |
Thursday, January 21, 2010
Market wrap - posted 9:30 pm
I wasn't here all day, but this is the carnage I missed.
20 - 50 - 200 day moving averages
20 - 50 - 200 day moving averages
Treasury Auction Announcements
3-Month Bill Announcement 11:00 AM ET
6-Month Bill Announcement 11:00 AM ET
2-Yr Note Announcement 11:00 AM ET
5-Yr Note Announcement 11:00 AM ET
7-Yr Note Announcement 11:00 AM ET
6-Month Bill Announcement 11:00 AM ET
2-Yr Note Announcement 11:00 AM ET
5-Yr Note Announcement 11:00 AM ET
7-Yr Note Announcement 11:00 AM ET
Leading indicators - released 10:00 am
Full report here
Latest Press Release
Released: Thursday, January 21, 2010
The Conference Board Leading Economic Index™ (LEI) for the U.S. increased 1.1 percent in December, following a 1.0 percent gain in November, and a 0.3 percent rise in October.
NOTE: This month's release incorporates annual benchmark revisions to the composite indexes, which bring them up-to-date with revisions in the source data. These revisions do not change the cyclical properties of the indexes. The indexes are updated throughout the year, but only for the previous six months. Data revisions that fall outside of the moving six-month window are not incorporated until the benchmark revision is made and the entire histories of the indexes are recomputed. As a result, the revised indexes will no longer be directly comparable to those issued prior to the benchmark revision.
In addition to annual benchmark revisions, The Conference Board (TCB) continuously monitors the behavior and performance of the composite indexes and their components and makes changes from time to time (See BCI Handbook 2001, for a description of the previous comprehensive revision that TCB undertook in 1996.) These occasional comprehensive benchmark revisions are consistent with long-standing TCB policy to make changes to the indexes when research indicates substantial improvements are possible. These changes are the result of research at TCB and regular consultations with its Business Cycle Indicators Advisory Panel and other experts. Details of these changes will be announced in advance in the technical notes and posted on our website when they are available.
For more information, please visit our website at www.conference-board.org/economics/bci/ or contact us at indicators@conference-board.org.
Download a PDF of the technical notes for underlying detail, diffusion indexes, components, contributions and graphs.
Download a PDF of the press release with graph and summary table.
Says Ataman Ozyildirim, Economist at The Conference Board: "The Conference Board LEI for the U.S. increased sharply in December, and has risen steadily for nine consecutive months. The six-month growth rate has picked up slightly to 5.2 percent (about a 10.8 percent annual rate) in the period through December, substantially higher than earlier in the year. In addition, the strengths among the leading indicators have remained very widespread in recent months."
Adds Ken Goldstein, Economist at The Conference Board: "The indicators point to an economy in early recovery. The coincident economic index shows slow expansion of economic activity through December. The leading economic index suggests that the pace of improvement could pick up this spring."
The Conference Board Coincident Economic Index™ (CEI) for the U.S. rose 0.1 percent in December, following a 0.1 percent increase in both November and October. The Conference Board Lagging Economic Index™ (LAG) declined 0.2 percent in December, following a 0.5 percent decline in November, and a 0.2 percent decline in October.
The next release is scheduled for February 18, 2010 at 10 A.M. ET.
Latest Press Release
Released: Thursday, January 21, 2010
The Conference Board Leading Economic Index™ (LEI) for the U.S. increased 1.1 percent in December, following a 1.0 percent gain in November, and a 0.3 percent rise in October.
NOTE: This month's release incorporates annual benchmark revisions to the composite indexes, which bring them up-to-date with revisions in the source data. These revisions do not change the cyclical properties of the indexes. The indexes are updated throughout the year, but only for the previous six months. Data revisions that fall outside of the moving six-month window are not incorporated until the benchmark revision is made and the entire histories of the indexes are recomputed. As a result, the revised indexes will no longer be directly comparable to those issued prior to the benchmark revision.
In addition to annual benchmark revisions, The Conference Board (TCB) continuously monitors the behavior and performance of the composite indexes and their components and makes changes from time to time (See BCI Handbook 2001, for a description of the previous comprehensive revision that TCB undertook in 1996.) These occasional comprehensive benchmark revisions are consistent with long-standing TCB policy to make changes to the indexes when research indicates substantial improvements are possible. These changes are the result of research at TCB and regular consultations with its Business Cycle Indicators Advisory Panel and other experts. Details of these changes will be announced in advance in the technical notes and posted on our website when they are available.
For more information, please visit our website at www.conference-board.org/economics/bci/ or contact us at indicators@conference-board.org.
Download a PDF of the technical notes for underlying detail, diffusion indexes, components, contributions and graphs.
Download a PDF of the press release with graph and summary table.
Says Ataman Ozyildirim, Economist at The Conference Board: "The Conference Board LEI for the U.S. increased sharply in December, and has risen steadily for nine consecutive months. The six-month growth rate has picked up slightly to 5.2 percent (about a 10.8 percent annual rate) in the period through December, substantially higher than earlier in the year. In addition, the strengths among the leading indicators have remained very widespread in recent months."
Adds Ken Goldstein, Economist at The Conference Board: "The indicators point to an economy in early recovery. The coincident economic index shows slow expansion of economic activity through December. The leading economic index suggests that the pace of improvement could pick up this spring."
The Conference Board Coincident Economic Index™ (CEI) for the U.S. rose 0.1 percent in December, following a 0.1 percent increase in both November and October. The Conference Board Lagging Economic Index™ (LAG) declined 0.2 percent in December, following a 0.5 percent decline in November, and a 0.2 percent decline in October.
The next release is scheduled for February 18, 2010 at 10 A.M. ET.
Jobless claims - released 8:30 - posted 8:25 pm - late, wasn't here.
Full report here
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
SEASONALLY ADJUSTED DATA
In the week ending Jan. 16, the advance figure for seasonally adjusted initial claims was 482,000, an increase of 36,000 from the previous week's revised figure of 446,000. The 4-week moving average was 448,250, an increase of 7,000 from the previous week's revised average of 441,250.
The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Jan. 9, unchanged from the prior week's unrevised rate of 3.5 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Jan. 9 was 4,599,000, a decrease of 18,000 from the preceding week's revised level of 4,617,000. The 4-week moving average was 4,750,500, a decrease of 109,750 from the preceding week's revised average of 4,860,250.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.412 million.
The advance unadjusted insured unemployment rate was 4.4 percent during the week ending Jan. 9, a decrease of 0.2 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 5,716,608, a decrease of 299,837 from the preceding week. A year earlier, the rate was 4.2 percent and the volume was 5,651,117.
Extended benefits were available in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, and Wisconsin during the week ending Jan. 2.
Initial claims for UI benefits by former Federal civilian employees totaled 2,459 in the week ending Jan. 9, an increase of 998 from the prior week. There were 2,497 initial claims by newly discharged veterans, an increase of 1,043 from the preceding week.
There were 27,768 former Federal civilian employees claiming UI benefits for the week ending Jan. 2, an increase of 1,856 from the previous week. Newly discharged veterans claiming benefits totaled 36,855, an increase of 838 from the prior week.
States reported 5,654,544 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Jan. 2, an increase of 652,364 from the prior week. There were 2,094,313 claimants in the comparable week in 2009. EUC weekly claims include first, second, third, and fourth tier activity.
The highest insured unemployment rates in the week ending Jan. 2 were in Oregon (7.3 percent), Wisconsin (7.2), Alaska (7.1), Pennsylvania (6.9), Idaho (6.8), Michigan (6.2), North Carolina (6.1), Montana (6.0), Puerto Rico (6.0), and Washington (6.0).
The largest increases in initial claims for the week ending Jan. 9 were in California (+16,160), Texas (+15,892), Florida (+12,939), Pennsylvania (+12,562), and Georgia (+10,822), while the largest decreases were in Oregon (-5,784), Iowa (-4,450), Kentucky (-3,467), Michigan (-1,242), and Massachusetts (-1,085).
UNEMPLOYMENT INSURANCE DATA FOR REGULAR STATE PROGRAMS
INITIAL CLAIMS FILED IN FEDERAL PROGRAMS (UNADJUSTED)
PERSONS CLAIMING UI BENEFITS IN FEDERAL PROGRAMS (UNADJUSTED)
FOOTNOTES
SA - Seasonally Adjusted Data
NSA - Not Seasonally Adjusted Data
1 - Prior year is comparable to most recent data.
2 - Most recent week used covered employment of 130,128,328 as denominator.
3 - EUC weekly claims include first, second, third, and fourth tier activity.
UNADJUSTED INITIAL CLAIMS FOR WEEK ENDED 01/09/2010
STATES WITH A DECREASE OF MORE THAN 1,000
STATES WITH AN INCREASE OF MORE THAN 1,000
| EMPLOYMENT AND TRAINING ADMINISTRATION | USDL 10-64-NAT |
| Program Contact: | TRANSMISSION OF MATERIAL IN THIS |
| Scott Gibbons (202) 693-3008 | RELEASE IS EMBARGOED UNTIL |
| Tony Sznoluch (202) 693-3176 | 8:30 A.M. (EST), THURSDAY |
| Media Contact : | January 21, 2010 |
| (202) 693-4676 |
SEASONALLY ADJUSTED DATA
In the week ending Jan. 16, the advance figure for seasonally adjusted initial claims was 482,000, an increase of 36,000 from the previous week's revised figure of 446,000. The 4-week moving average was 448,250, an increase of 7,000 from the previous week's revised average of 441,250.
The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Jan. 9, unchanged from the prior week's unrevised rate of 3.5 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Jan. 9 was 4,599,000, a decrease of 18,000 from the preceding week's revised level of 4,617,000. The 4-week moving average was 4,750,500, a decrease of 109,750 from the preceding week's revised average of 4,860,250.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.412 million.
UNADJUSTED DATAThe advance number of actual initial claims under state programs, unadjusted, totaled 650,728 in the week ending Jan. 16, a decrease of 154,194 from the previous week. There were 763,987 initial claims in the comparable week in 2009.
The advance unadjusted insured unemployment rate was 4.4 percent during the week ending Jan. 9, a decrease of 0.2 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 5,716,608, a decrease of 299,837 from the preceding week. A year earlier, the rate was 4.2 percent and the volume was 5,651,117.
Extended benefits were available in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, and Wisconsin during the week ending Jan. 2.
Initial claims for UI benefits by former Federal civilian employees totaled 2,459 in the week ending Jan. 9, an increase of 998 from the prior week. There were 2,497 initial claims by newly discharged veterans, an increase of 1,043 from the preceding week.
There were 27,768 former Federal civilian employees claiming UI benefits for the week ending Jan. 2, an increase of 1,856 from the previous week. Newly discharged veterans claiming benefits totaled 36,855, an increase of 838 from the prior week.
States reported 5,654,544 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Jan. 2, an increase of 652,364 from the prior week. There were 2,094,313 claimants in the comparable week in 2009. EUC weekly claims include first, second, third, and fourth tier activity.
The highest insured unemployment rates in the week ending Jan. 2 were in Oregon (7.3 percent), Wisconsin (7.2), Alaska (7.1), Pennsylvania (6.9), Idaho (6.8), Michigan (6.2), North Carolina (6.1), Montana (6.0), Puerto Rico (6.0), and Washington (6.0).
The largest increases in initial claims for the week ending Jan. 9 were in California (+16,160), Texas (+15,892), Florida (+12,939), Pennsylvania (+12,562), and Georgia (+10,822), while the largest decreases were in Oregon (-5,784), Iowa (-4,450), Kentucky (-3,467), Michigan (-1,242), and Massachusetts (-1,085).
| Advance | Prior1 | ||||
|---|---|---|---|---|---|
| WEEK ENDING | Jan. 16 | Jan. 9 | Change | Jan. 2 | Year |
| Initial Claims (SA) | 482,000 | 446,000 | +36,000 | 433,000 | 575,000 |
|---|---|---|---|---|---|
| Initial Claims (NSA) | 650,728 | 804,922 | -154,194 | 645,446 | 763,987 |
| 4-Wk Moving Average (SA) | 448,250 | 441,250 | +7,000 | 449,750 | 526,500 |
| Advance | Prior1 | ||||
|---|---|---|---|---|---|
| WEEK ENDING | Jan. 9 | Jan. 2 | Change | Dec. 26 | Year |
| Ins. Unemployment (SA) | 4,599,000 | 4,617,000 | -18,000 | 4,807,000 | 4,576,000 |
|---|---|---|---|---|---|
| Ins. Unemployment (NSA) | 5,716,608 | 6,016,445 | -299,837 | 5,484,997 | 5,651,117 |
| 4-Wk Moving Average (SA) | 4,750,500 | 4,860,250 | -109,750 | 5,006,500 | 4,515,500 |
| Ins. Unemployment Rate (SA)2 | 3.5% | 3.5% | 0.0 | 3.6% | 3.4% |
|---|---|---|---|---|---|
| Ins. Unemployment Rate (NSA)2 | 4.4% | 4.6% | -0.2 | 4.2% | 4.2% |
Prior1 | ||||
|---|---|---|---|---|
| WEEK ENDING | Jan. 9 | Jan. 2 | Change | Year |
| Federal Employees | 2,459 | 1,461 | +998 | 2,560 |
|---|---|---|---|---|
| Newly Discharged Veterans | 2,497 | 1,454 | +1,043 | 2,322 |
Prior1 | ||||
| WEEK ENDING | Jan. 2 | Dec. 26 | Change | Year |
| Federal Employees | 27,768 | 25,912 | +1,856 | 21,334 |
| Newly Discharged Veterans | 36,855 | 36,017 | +838 | 27,040 |
| Railroad Retirement Board | 11,000 | 11,000 | 0 | 6,000 |
| Extended Benefits | 262,881 | 302,498 | -39,617 | 3,103 |
| EUC 20083 | 5,654,544 | 5,002,180 | +652,364 | 2,094,313 |
FOOTNOTES
SA - Seasonally Adjusted Data
NSA - Not Seasonally Adjusted Data
1 - Prior year is comparable to most recent data.
2 - Most recent week used covered employment of 130,128,328 as denominator.
3 - EUC weekly claims include first, second, third, and fourth tier activity.
UNADJUSTED INITIAL CLAIMS FOR WEEK ENDED 01/09/2010
STATES WITH A DECREASE OF MORE THAN 1,000
| State | Change | State Supplied Comment | |
| OR | -5,784 | No comment. | |
| IA | -4,450 | No comment. | |
| KY | -3,467 | Fewer layoffs in the manufacturing industry. | |
| MI | -1,242 | Fewer layoffs in the manufacturing industry. | |
| MA | -1,085 | No comment. |
STATES WITH AN INCREASE OF MORE THAN 1,000
| State | Change | State Supplied Comment | |
| ND | +1,037 | No comment. | |
| OK | +1,086 | No comment. | |
| UT | +1,198 | No comment. | |
| HI | +1,206 | No comment. | |
| MT | +1,352 | No comment. | |
| OH | +1,410 | Increase due to holiday shutdowns. | |
| WV | +1,564 | No comment. | |
| IN | +1,999 | Layoffs in the automobile, construction, trade, and manufacturing industries. | |
| LA | +2,415 | No comment. | |
| NV | +2,676 | No comment. | |
| AK | +3,230 | No comment. | |
| NJ | +3,389 | Layoffs in the construction, trade, and service industries. | |
| CO | +3,622 | No comment. | |
| MD | +3,983 | No comment. | |
| AZ | +4,003 | No comment. | |
| AL | +4,209 | No comment. | |
| CT | +4,513 | Layoffs in the construction and trade industries. | |
| MO | +4,942 | Layoffs in the construction and service industries. | |
| KS | +5,604 | No comment. | |
| NY | +7,143 | Figures are based on a six day processing week, as well as layoffs in the transportation and service industries. | |
| TN | +7,666 | Layoffs in the service and manufacturing industries. | |
| IL | +8,038 | Layoffs in the construction, trade, and manufacturing industries. | |
| VA | +8,268 | Return to a five day workweek, as well as layoffs in the manufacturing industry. | |
| SC | +8,637 | Layoffs in the manufacturing industry. | |
| NC | +9,156 | Layoffs in the textile, furniture, chemical, primary metals, and service industries. | |
| GA | +10,822 | Layoffs in the construction, trade, service, and manufacturing industries. | |
| PA | +12,562 | Layoffs in the construction, trade, and service industries. | |
| FL | +12,939 | Layoffs in the construction, trade, service, and manufacturing industries, and agriculture. | |
| TX | +15,892 | Layoffs in the trade, service, real estate, and manufacturing industries. | |
| CA | +16,160 | Return to a five day workweek, as well as layoffs in the construction and service industries. |
Today's info - late in the day, I wasn't here - 13th trading day of 2010
I was gone all day but I'll catch up with what I missed, other than the futures
Today's economic calendar:
Jobless Claims 8:30 AM ET
Leading Indicators 10:00 AM ET
Philadelphia Fed Survey 10:00 AM ET
EIA Natural Gas Report 10:30 AM ET
EIA Petroleum Status Report 11:00 AM ET
3-Month Bill Announcement 11:00 AM ET
6-Month Bill Announcement 11:00 AM ET
2-Yr Note Announcement 11:00 AM ET
5-Yr Note Announcement 11:00 AM ET
7-Yr Note Announcement 11:00 AM ET
Money Supply 4:30 PM ET
Today's earnings reports:
Before open:
After close:
Upgrades:
Downgrades:
Today's economic calendar:
Jobless Claims 8:30 AM ET
Leading Indicators 10:00 AM ET
Philadelphia Fed Survey 10:00 AM ET
EIA Natural Gas Report 10:30 AM ET
EIA Petroleum Status Report 11:00 AM ET
3-Month Bill Announcement 11:00 AM ET
6-Month Bill Announcement 11:00 AM ET
2-Yr Note Announcement 11:00 AM ET
5-Yr Note Announcement 11:00 AM ET
7-Yr Note Announcement 11:00 AM ET
Money Supply 4:30 PM ET
Today's earnings reports:
Before open:
| AMFI | AMCORE Financial, Inc. | Financial | Regional - Midwest Banks |
| APH | Amphenol Corporation | Technology | Diversified Electronics |
| ASBC | Associated Banc-Corp | Financial | Regional - Midwest Banks |
| AUO | AU Optronics Corp. | Technology | Computer Peripherals |
| BPOP | Popular Inc. | Financial | Foreign Regional Banks |
| CAL | Continental Airlines, Inc. | Services | Major Airlines |
| CMA | Comerica Incorporated | Financial | Regional - Midwest Banks |
| CVBF | CVB Financial Corp. | Financial | Regional - Pacific Banks |
| ED | Consolidated Edison Inc. | Utilities | Diversified Utilities |
| ESI | ITT Educational Services Inc. | Services | Education & Training Services |
| FCS | Fairchild Semiconductor International Inc. | Technology | Semiconductor - Integrated Circuits |
| FCX | Freeport-McMoRan Copper & Gold Inc. | Basic Materials | Copper |
| FITB | Fifth Third Bancorp | Financial | Regional - Midwest Banks |
| FNFG | First Niagara Financial Group Inc. | Financial | Savings & Loans |
| FSGI | First Security Group, Inc. | Financial | Savings & Loans |
| GMT | GATX Corp. | Services | Rental & Leasing Services |
| GS | Goldman Sachs Group Inc. | Financial | Diversified Investments |
| HOMB | Home Bancshares, Inc. (Conway, AR) | Financial | Diversified Investments |
| IIIN | Insteel Industries Inc. | Basic Materials | Steel & Iron |
| IMN | Imation Corp. | Technology | Data Storage Devices |
| KEY | KeyCorp | Financial | Money Center Banks |
| LM | Legg Mason Inc. | Financial | Asset Management |
| LUV | Southwest Airlines Co. | Services | Regional Airlines |
| LYTS | LSI Industries Inc. | Consumer Goods | Business Equipment |
| MDP | Meredith Corp. | Services | Publishing - Periodicals |
| MDZ | MDS, Inc. | Healthcare | Specialized Health Services |
| MTG | MGIC Investment Corp. | Financial | Surety & Title Insurance |
| NITE | Knight Capital Group Inc. | Financial | Investment Brokerage - Regional |
| PCP | Precision Castparts Corp. | Industrial Goods | Metal Fabrication |
| PNC | PNC Financial Services Group Inc. | Financial | Money Center Banks |
| PPG | PPG Industries Inc. | Conglomerates | Conglomerates |
| SBIB | Sterling Bancshares Inc. | Financial | Regional - Southwest Banks |
| SFNC | Simmons First National Corporation | Financial | Regional - Southeast Banks |
| SMTS | Somanetics Corp. | Healthcare | Medical Appliances & Equipment |
| TCB | TCF Financial Corporation | Financial | Money Center Banks |
| TDY | Teledyne Technologies Inc. | Industrial Goods | Aerospace/Defense Products & Services |
| TSM | Taiwan Semiconductor Manufacturing Co. Ltd. | Technology | Semiconductor - Integrated Circuits |
| TWIN | Twin Disc Inc. | Industrial Goods | Diversified Machinery |
| UNH | Unitedhealth Group, Inc. | Healthcare | Health Care Plans |
| UNP | Union Pacific Corp. | Services | Railroads |
| VIVO | Meridian Bioscience Inc. | Healthcare | Diagnostic Substances |
| VLY | Valley National Bancorp | Financial | Regional - Northeast Banks |
| WNS | WNS (Holdings) Ltd. | Services | Business Services |
| XRX | Xerox Corp. | Consumer Goods | Business Equipment |
| ZOLL | ZOLL Medical Corp. | Healthcare | Medical Appliances & Equipment |
After close:
| ACS | Affiliated Computer Services, Inc. | Technology | Information Technology Services |
| AMD | Advanced Micro Devices Inc. | Technology | Semiconductor - Broad Line |
| AXP | American Express Company | Financial | Credit Services |
| BNI | Burlington Northern Santa Fe Corp. | Services | Railroads |
| BRKL | Brookline Bancorp, Inc. | Financial | Savings & Loans |
| BXS | BancorpSouth, Inc. | Financial | Regional - Southeast Banks |
| CBST | Cubist Pharmaceuticals Inc. | Healthcare | Drug Manufacturers - Other |
| COF | Capital One Financial Corp. | Financial | Credit Services |
| CYS | Cypress Sharpridge Investments, Inc. | Financial | REIT - Diversified |
| DGII | Digi International Inc. | Technology | Networking & Communication Devices |
| EFII | Electronics for Imaging, Inc. | Technology | Computer Peripherals |
| ELX | Emulex Corp. | Technology | Computer Peripherals |
| EPAY | Bottomline Technologies Inc. | Technology | Application Software |
| EZPW | EZCORP Inc. | Financial | Credit Services |
| GOOG | Google Inc. | Technology | Internet Information Providers |
| HTLD | Heartland Express, Inc. | Services | Trucking |
| IBKR | Interactive Brokers Group, Inc. | Financial | Investment Brokerage - National |
| IGT | International Game Technology | Technology | Diversified Computer Systems |
| INDB | Independent Bank Corp. | Financial | Regional - Northeast Banks |
| ISRG | Intuitive Surgical, Inc. | Healthcare | Medical Appliances & Equipment |
| JJSF | J&J Snack Foods Corp. | Consumer Goods | Processed & Packaged Goods |
| MATW | Matthews International Corporation | Industrial Goods | Metal Fabrication |
| MSCC | Microsemi Corp. | Technology | Semiconductor - Integrated Circuits |
| NTCT | NetScout Systems Inc. | Technology | Business Software & Services |
| OCFC | OceanFirst Financial Corp. | Financial | Savings & Loans |
| OCLR | Oclaro, Inc. | Technology | Semiconductor - Specialized |
| PBCT | People's United Financial Inc. | Financial | Savings & Loans |
| SIVB | SVB Financial Group | Financial | Regional - Pacific Banks |
| SYNA | Synaptics Inc. | Technology | Business Software & Services |
| ULGX | Urologix, Inc. | Healthcare | Medical Appliances & Equipment |
| WAL | Western Alliance Bancorporation | Financial | Diversified Investments |
| WDC | Western Digital Corp. | Technology | Data Storage Devices |
Upgrades:
| PTEN | Patterson-UTI Energy Inc. | Basic Materials | Oil & Gas Drilling & Exploration |
| X | United States Steel Corp. | Industrial Goods | Metal Fabrication |
| CTBI | Community Trust Bancorp Inc. | Financial | Regional - Southeast Banks |
| CLWR | Clearwire Corporation | Technology | Wireless Communications |
| FFIV | F5 Networks, Inc. | Technology | Networking & Communication Devices |
| CY | Cypress Semiconductor Corporation | Technology | Semiconductor - Broad Line |
| LBAI | Lakeland Bancorp Inc. | Financial | Regional - Northeast Banks |
| AAI | AirTran Holdings Inc. | Services | Regional Airlines |
| DWA | DreamWorks Animation SKG Inc. | Services | Movie Production, Theaters |
| COV | Covidien plc | Healthcare | Medical Instruments & Supplies |
| EXPD | Expeditors International of Washington Inc. | Services | Air Delivery & Freight Services |
| CETV | Central European Media Enterprises Ltd. | Services | Broadcasting - TV |
| PLXS | Plexus Corp. | Technology | Printed Circuit Boards |
| UA | Under Armour, Inc. | Consumer Goods | Textile - Apparel Clothing |
| EDR | Education Realty Trust Inc. | Financial | REIT - Residential |
| LOGI | Logitech International SA | Technology | Computer Peripherals |
| NWSA | News Corp. | Services | Entertainment - Diversified |
| APL | Atlas Pipeline Partners LP | Basic Materials | Oil & Gas Pipelines |
| UGI | UGI Corp. | Utilities | Diversified Utilities |
| SMOD | SMART Modular Technologies (WWH) Inc. | Technology | Semiconductor - Integrated Circuits |
| WFC | Wells Fargo & Company | Financial | Money Center Banks |
| SBUX | Starbucks Corp. | Services | Specialty Eateries |
| BANF | BancFirst Corporation | Financial | Regional - Southwest Banks |
| PPO | Polypore International Inc. | Basic Materials | Specialty Chemicals |
Downgrades:
| ADS | Alliance Data Systems Corporation | Financial | Credit Services |
| BSX | Boston Scientific Corporation | Healthcare | Medical Instruments & Supplies |
| NI | Nisource Inc. | Utilities | Diversified Utilities |
| BBI | Blockbuster Inc. | Services | Music & Video Stores |
| SBUX | Starbucks Corp. | Services | Specialty Eateries |
| NTRS | Northern Trust Corporation | Financial | Regional - Midwest Banks |
| MS | Morgan Stanley | Financial | Diversified Investments |
Wednesday, January 20, 2010
Market wrap - 4:15
What looked like a huge down day, turned into a smaller down day. The DOW was down over 200 at one point today, but the indexes turned around about 1:30 this afternoon and moved higher to the close. The dollar shot up overnight and broke through the 78.34 resistance and held. The dollar rise caused crude and some commodity stocks to weaken, as well as gold, which got hammered to a tune of 28 bucks. Overnight, China said they were tightening lending and many China stocks fell, especially ones related to housing.
After the bell we heard earnings from Starbux and E-bay, both of which deal in the retail sector. Starbux is trading higher and E-bay is about flat. Amazing to me people are still buying $5.00 coffee.
The star of the day was CREE, the semiconductor maker (LED lighting)who were up over 17% after killing earnings. This one I understand. I have been watching them for several years, but of course didn't buy any. Stupid me.
After the bell we heard earnings from Starbux and E-bay, both of which deal in the retail sector. Starbux is trading higher and E-bay is about flat. Amazing to me people are still buying $5.00 coffee.
The star of the day was CREE, the semiconductor maker (LED lighting)who were up over 17% after killing earnings. This one I understand. I have been watching them for several years, but of course didn't buy any. Stupid me.
Pre-market - 12th trading day of 2010
Futures down this morning after some bad earnings, and the Super majority in the Senate has ended. Could this be the end of this relentless melt up?
Today's economic calendar:
MBA Purchase Applications 7:00 AM ET
ICSC-Goldman Store Sales 7:45 AM ET
Housing Starts 8:30 AM ET
Producer Price Index 8:30 AM ET
Redbook 8:55 AM ET
4-Week Bill Auction 11:30 AM ET
Today's earnings reports:
Before open:
After close:
Upgrades:
Downgrades:
Today's economic calendar:
MBA Purchase Applications 7:00 AM ET
ICSC-Goldman Store Sales 7:45 AM ET
Housing Starts 8:30 AM ET
Producer Price Index 8:30 AM ET
Redbook 8:55 AM ET
4-Week Bill Auction 11:30 AM ET
Today's earnings reports:
Before open:
| AIT | Applied Industrial Technologies, Inc. | Services | Industrial Equipment Wholesale |
| ASML | ASML Holding NV | Technology | Semiconductor Equipment & Materials |
| BAC | Bank of America Corporation | Financial | Money Center Banks |
| BK | The Bank of New York Mellon Corporation | Financial | Money Center Banks |
| COH | Coach Inc. | Consumer Goods | Textile - Apparel Footwear & Accessories |
| COV | Covidien plc | Healthcare | Medical Instruments & Supplies |
| CRRC | Courier Corporation | Services | Publishing - Books |
| EAT | Brinker International Inc. | Services | Restaurants |
| HCBK | Hudson City Bancorp, Inc. | Financial | Savings & Loans |
| IGTE | iGate Corporation | Technology | Information Technology Services |
| JEF | Jefferies Group Inc. | Financial | Investment Brokerage - Regional |
| LAB | LaBranche & Co. Inc. | Financial | Investment Brokerage - Regional |
| MI | Marshall & Ilsley Corporation | Financial | Regional - Midwest Banks |
| MS | Morgan Stanley | Financial | Diversified Investments |
| MTB | M&T Bank Corp. | Financial | Regional - Northeast Banks |
| NTRS | Northern Trust Corporation | Financial | Regional - Midwest Banks |
| PGR | Progressive Corp. | Financial | Property & Casualty Insurance |
| STT | State Street Corp. | Financial | Regional - Northeast Banks |
| USB | US Bancorp | Financial | Regional - Midwest Banks |
| WFC | Wells Fargo & Company | Financial | Money Center Banks |
After close:
| DOX | Amdocs Ltd. | Technology | Business Software & Services |
| EBAY | eBay Inc. | Services | Catalog & Mail Order Houses |
| FFIV | F5 Networks, Inc. | Technology | Networking & Communication Devices |
| KMP | Kinder Morgan Energy Partners LP | Basic Materials | Oil & Gas Pipelines |
| LOGI | Logitech International SA | Technology | Computer Peripherals |
| NVEC | NVE Corp. | Technology | Semiconductor - Specialized |
| OHB | Orleans Homebuilders Inc. | Industrial Goods | Residential Construction |
| PBNY | Provident New York Bancorp | Financial | Savings & Loans |
| PLCM | Polycom, Inc. | Technology | Processing Systems & Products |
| PLXS | Plexus Corp. | Technology | Printed Circuit Boards |
| PULB | Pulaski Financial Corporation | Financial | Savings & Loans |
| RJF | Raymond James Financial Inc. | Financial | Investment Brokerage - Regional |
| SBUX | Starbucks Corp. | Services | Specialty Eateries |
| SLM | SLM Corp. | Financial | Credit Services |
| STX | Seagate Technology | Technology | Data Storage Devices |
| SWKS | Skyworks Solutions Inc. | Technology | Semiconductor - Integrated Circuits |
| TSS | Total System Services, Inc. | Services | Business Services |
| WGOV | Woodward Governor Co. | Industrial Goods | Industrial Electrical Equipment |
| XLNX | Xilinx Inc. | Technology | Semiconductor - Specialized |
Upgrades:
| ROP | Roper Industries Inc. | Industrial Goods | Industrial Equipment & Components |
| JDSU | JDS Uniphase Corp. | Technology | Communication Equipment |
| XLNX | Xilinx Inc. | Technology | Semiconductor - Specialized |
| LPX | Louisiana-Pacific Corp. | Industrial Goods | Lumber, Wood Production |
| CIEN | CIENA Corp. | Technology | Communication Equipment |
| SHFL | Shuffle Master Inc. | Industrial Goods | Diversified Machinery |
| SXCI | SXC Health Solutions, Corp. | Technology | Application Software |
| TOT | Total SA | Basic Materials | Major Integrated Oil & Gas |
| MCD | McDonald's Corp. | Services | Restaurants |
| VALE | Vale S.A. | Basic Materials | Steel & Iron |
| X | United States Steel Corp. | Industrial Goods | Metal Fabrication |
| HT | Hersha Hospitality Trust | Financial | REIT - Retail |
| SHPGY | Shire plc | Healthcare | Drug Manufacturers - Other |
Downgrades:
| ACMR | AC Moore Arts & Crafts Inc. | Services | Specialty Retail, Other |
| ESV | Ensco International Plc. | Basic Materials | Oil & Gas Drilling & Exploration |
| SYK | Stryker Corp. | Healthcare | Medical Instruments & Supplies |
| DFG | Delphi Financial Group, Inc. | Financial | Life Insurance |
| JASO | JA Solar Holdings Co., Ltd. | Technology | Semiconductor - Specialized |
| OSIS | OSI Systems, Inc. | Technology | Semiconductor Equipment & Materials |
| GSIC | GSI Commerce Inc. | Services | Catalog & Mail Order Houses |
| ISCA | International Speedway Corp. | Services | Sporting Activities |
| S | Sprint Nextel Corp. | Technology | Wireless Communications |
| STO | Statoil ASA | Basic Materials | Oil & Gas Drilling & Exploration |
| BKC | Burger King Holdings Inc. | Services | Restaurants |
| BAX | Baxter International Inc. | Healthcare | Medical Instruments & Supplies |
| ARMH | ARM Holdings plc | Technology | Semiconductor - Specialized |
| BARE | Bare Escentuals, Inc. | Consumer Goods | Personal Products |
| PAET | PAETEC Holding Corp. | Technology | Diversified Communication Services |
| PWR | Quanta Services Inc. | Industrial Goods | General Contractors |
| AKS | AK Steel Holding Corp. | Basic Materials | Steel & Iron |
| RDY | Dr. Reddy's Laboratories Ltd. | Healthcare | Drug Manufacturers - Other |
| IMAX | IMAX Corporation | Consumer Goods | Photographic Equipment & Supplies |
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