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BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Before the bell: Futures lower on Dell's earnings, ECB move]]>http://www.bloggingstocks.com/2009/11/20/before-the-bell-futures-lower-on-dells-earnings-ecb-move/http://www.bloggingstocks.com/2009/11/20/before-the-bell-futures-lower-on-dells-earnings-ecb-move/http://www.bloggingstocks.com/2009/11/20/before-the-bell-futures-lower-on-dells-earnings-ecb-move/#commentsFiled under: Before the bell, International markets, Dell (DELL), Market matters, Economic data, Commodities, Oil

U.S. stock futures fell Friday morning, indicating continued weakness in the stock market. Dell's worse-than-expected earnings reported late Thursday are putting pressure on equities as a whole and technology shares in particular. Investors may be moving toward safer securities in the absence of confidence in the strength of the sector, which has already stumbled the last couple of days.

On Thursday, stocks fell across the board: the Dow industrials were down 0.9%, the S&P 500 declined 1.3% and the Nasdaq composite skidded 1.7%, following an analyst downgrade of semiconductors. This put further pressure on a sector that was already reeling from earnings the day before. Economic reports didn't help to increase investors' confidence Thursday.

Continue reading Before the bell: Futures lower on Dell's earnings, ECB move

Before the bell: Futures lower on Dell's earnings, ECB move originally appeared on BloggingStocks on Fri, 20 Nov 2009 07:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredFri, 20 Nov 2009 07:50:00 EST<![CDATA[SocGen's proposed portfolio for a global economic collapse]]>http://www.bloggingstocks.com/2009/11/19/socgens-proposed-portfolio-for-a-global-economic-collapse/http://www.bloggingstocks.com/2009/11/19/socgens-proposed-portfolio-for-a-global-economic-collapse/http://www.bloggingstocks.com/2009/11/19/socgens-proposed-portfolio-for-a-global-economic-collapse/#commentsFiled under: International markets, Market matters, Economic data

French bank Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, The Telegraph reports.

In a 68-page report titled "Worst-Case Debt Scenario," SocGen explains that the rescue packages over the past year have merely transferred private liabilities onto government shoulders, creating a fresh set of problems. Debt levels, public or private, are too high as a share of GDP. The deleveraging process will take years.

Continue reading SocGen's proposed portfolio for a global economic collapse

SocGen's proposed portfolio for a global economic collapse originally appeared on BloggingStocks on Thu, 19 Nov 2009 11:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economyintenewsSocGenSociete GeneraleThu, 19 Nov 2009 11:10:00 EST<![CDATA[Before the bell: Futures lower on economic concerns; retail, tech in focus]]>http://www.bloggingstocks.com/2009/11/19/before-the-bell-futures-lower-on-economic-concerns-retail-tec/http://www.bloggingstocks.com/2009/11/19/before-the-bell-futures-lower-on-economic-concerns-retail-tec/http://www.bloggingstocks.com/2009/11/19/before-the-bell-futures-lower-on-economic-concerns-retail-tec/#commentsFiled under: Before the bell, Microsoft (MSFT), Dell (DELL), Hewlett-Packard (HPQ), Market matters, JPMorgan Chase (JPM), Sears Holdings (SHLD), Gap Inc (GPS), Economic data, salesforce.com inc (CRM)

U.S. stock futures declined Thursday morning, pointing to a lower start on Wall Street as investors started weighing the possibility that stocks have run up too far and too fast ahead of the economy -- the economic recovery may not be as robust. The retail sector is in focus with several retailers reporting earnings. The tech sector could also experience pressure.

On Wednesday, stocks ended lower with technology shares leading the decline, and the Nasdaq composite down nearly half a percent. Results from Salesforce.com (CRM) and Autodesk (ADSK) weighed on the sector as Hewlett-Packard (HPQ) and Microsoft (MSFT) were among the leading decliners in the Dow.

Continue reading Before the bell: Futures lower on economic concerns; retail, tech in focus

Before the bell: Futures lower on economic concerns; retail, tech in focus originally appeared on BloggingStocks on Thu, 19 Nov 2009 07:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>adskThu, 19 Nov 2009 07:40:00 EST<![CDATA[Before the bell: Futures fall after housing, inflation data]]>http://www.bloggingstocks.com/2009/11/18/before-the-bell-futures-edge-higher-ahead-of-data/http://www.bloggingstocks.com/2009/11/18/before-the-bell-futures-edge-higher-ahead-of-data/http://www.bloggingstocks.com/2009/11/18/before-the-bell-futures-edge-higher-ahead-of-data/#commentsFiled under: Before the bell, International markets, Deals, Market matters, Hershey Co (HSY), Economic data, Kraft Foods'A' (KFT), Commodities, Oil, Housing

U.S. stock futures edged higher Wednesday morning, a little above the 13-month highs they reached Tuesday, as investors await key data figures, including consumer prices and housing starts. As traders take a breather from the recent runup in stocks, the same trends that pushed markets higher on Tuesday remain: the dollar dropped and commodities soared, driving mining stocks higher in overseas markets.

[Update 8:30 a.m.: October housing starts were down 30% from last year, the weakest since April. CPI rose 0.3% in October on higher energy, car prices. At first glance, these figures may affect the mood negatively. 8:35 a.m.: Stock market futures are declining, indicating a lower start.]

Continue reading Before the bell: Futures fall after housing, inflation data

Before the bell: Futures fall after housing, inflation data originally appeared on BloggingStocks on Wed, 18 Nov 2009 07:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>cbyfeaturedWed, 18 Nov 2009 07:45:00 EST<![CDATA[Before the bell: Futures edge lower ahead of inflation data]]>http://www.bloggingstocks.com/2009/11/17/before-the-bell-futures-edge-lower-ahead-of-inflation-data/http://www.bloggingstocks.com/2009/11/17/before-the-bell-futures-edge-lower-ahead-of-inflation-data/http://www.bloggingstocks.com/2009/11/17/before-the-bell-futures-edge-lower-ahead-of-inflation-data/#commentsFiled under: Before the bell, International markets, Home Depot (HD), Market matters, Economic data, Housing

U.S. stock futures edged lower Tuesday morning following yet another strong rally on Monday. This morning, investors await some economic data due out before the opening bell, including an inflation gauge and a housing indicator. The housing market is further in focus with Home Depot's earnings report.

On Monday, stock markets closed about 1.4% higher across the board after Federal Reserve Chairman Ben Bernanke didn't indicate a change in the Fed's policy any time soon to support the dollar. In fact, as the U.S. economy remains weak and unemployment keeps rising, the Fed will likely extend its low interest rate policy longer. He did mention the central bank policy will ensure that the "dollar is strong." The dollar edged higher from its 15-month lows following Bernanke's speech.

Continue reading Before the bell: Futures edge lower ahead of inflation data

Before the bell: Futures edge lower ahead of inflation data originally appeared on BloggingStocks on Tue, 17 Nov 2009 07:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Tue, 17 Nov 2009 07:45:00 EST<![CDATA[Before the bell: Futures higher ahead of retail sales data]]>http://www.bloggingstocks.com/2009/11/16/before-the-bell-futures-higher-ahead-of-retail-sales-data/http://www.bloggingstocks.com/2009/11/16/before-the-bell-futures-higher-ahead-of-retail-sales-data/http://www.bloggingstocks.com/2009/11/16/before-the-bell-futures-higher-ahead-of-retail-sales-data/#commentsFiled under: Before the bell, International markets, General Motors (GM), Market matters, Japan, Economic data, Federal Reserve

U.S. stock futures followed global markets higher Monday morning as Japan announced its economy grew at a faster-than-expected pace and governments around the world said they would maintain their stimulus policies. Investors are also awaiting a speech from Federal Reserve Chairman Ben Bernanke, GM's first earnings report since emerging from bankruptcy, as well as more economic data, including retail sales and manufacturing.

Japan's gross domestic product grew at an annual pace of 4.8% in the third quarter, its largest expansion in more than two years. This was higher than economists' 2.6% projection. The world's second largest economy relies heavily on exports and demand at home and overseas improved, indicating its trading partners are also recovering.

Continue reading Before the bell: Futures higher ahead of retail sales data

Before the bell: Futures higher ahead of retail sales data originally appeared on BloggingStocks on Mon, 16 Nov 2009 07:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Mon, 16 Nov 2009 07:45:00 EST<![CDATA[Before the bell: Stock futures higher ahead of consumer sentiment, trade gap data]]>http://www.bloggingstocks.com/2009/11/13/before-the-bell-stock-futures-higher-ahead-of-consumer-sentimen/http://www.bloggingstocks.com/2009/11/13/before-the-bell-stock-futures-higher-ahead-of-consumer-sentimen/http://www.bloggingstocks.com/2009/11/13/before-the-bell-stock-futures-higher-ahead-of-consumer-sentimen/#commentsFiled under: Before the bell, International markets, Market matters, Walt Disney (DIS), Penney (J.C.) (JCP), Abercrombie and Fitch (ANF), Economic data, Oil

U.S. stock futures were higher Friday morning indicating Wall Street, after taking a two-day rest from its drive upward, was ready to rebound. While investors await several economic releases, including trade balance and consumer sentiment, Walt-Disney's better-than-expected results has helped sentiment.

On Thursday, U.S. stocks declined, after crude inventories were reported higher than expected, dragging down oil prices, oil companies and the markets. Investors also questioned the sustainability of the recent rally, driving the Dow industrials down nearly 100 points.

Continue reading Before the bell: Stock futures higher ahead of consumer sentiment, trade gap data

Before the bell: Stock futures higher ahead of consumer sentiment, trade gap data originally appeared on BloggingStocks on Fri, 13 Nov 2009 07:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredFri, 13 Nov 2009 07:45:00 EST<![CDATA[Before the bell: Stocks to open lower despite Wal-Mart's beat]]>http://www.bloggingstocks.com/2009/11/12/before-the-bell-stocks-to-open-lower-despite-wal-marts-beat/http://www.bloggingstocks.com/2009/11/12/before-the-bell-stocks-to-open-lower-despite-wal-marts-beat/http://www.bloggingstocks.com/2009/11/12/before-the-bell-stocks-to-open-lower-despite-wal-marts-beat/#commentsFiled under: Before the bell, International markets, Hewlett-Packard (HPQ), General Electric (GE), Wal-Mart (WMT), Market matters, Economic data, United Technologies (UTX), Oil

U.S. stock futures were lower Thursday morning after the Dow industrials hit yet another 13-month high on Wednesday, but the S&P 500 couldn't close above the 1,100 level. Even though Wal-Mart beat earnings and improved its outlook, futures declined as investors await weekly jobs data.

Wal-Mart Stores Inc. (WMT) posted third-quarter profit of 84 cents a share, above Bloomberg's analyst estimates for profit of 81 cents. Wal-Mart also upped its full-year profit above estimates, but fourth quarter guidance barely matched projections. Sales grew by just 1% in the quarter. WMT shares slid over 1% in pre-market trading.

Continue reading Before the bell: Stocks to open lower despite Wal-Mart's beat

Before the bell: Stocks to open lower despite Wal-Mart's beat originally appeared on BloggingStocks on Thu, 12 Nov 2009 08:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredThu, 12 Nov 2009 08:00:00 EST<![CDATA[Before the bell: Stocks ready to climb on hopes of continued low rates]]>http://www.bloggingstocks.com/2009/11/11/before-the-bell-stocks-ready-to-climb-on-hopes-of-continued-low/http://www.bloggingstocks.com/2009/11/11/before-the-bell-stocks-ready-to-climb-on-hopes-of-continued-low/http://www.bloggingstocks.com/2009/11/11/before-the-bell-stocks-ready-to-climb-on-hopes-of-continued-low/#commentsFiled under: Before the bell, International markets, Market matters, Amer Intl Group (AIG), United Parcel'B' (UPS), Economic data, Commodities, Oil, Federal Reserve

U.S. stock futures were higher Wednesday morning, indicating stocks will open on an upbeat note after investors expectation that interest rates will remain low for some time increased following speeches from Federal Reserve officials. As the dollar further fell, investors turned to asset buying, pushing stocks higher.

Stocks looked for direction Tuesday, finishing the day mixed and not much changed, as Wall Street took a break from a 6-day rally. Today, U.S. bond markets are closed for Veteran's Day.

Continue reading Before the bell: Stocks ready to climb on hopes of continued low rates

Before the bell: Stocks ready to climb on hopes of continued low rates originally appeared on BloggingStocks on Wed, 11 Nov 2009 07:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Wed, 11 Nov 2009 07:40:00 EST<![CDATA[EU objects to Sun-Oracle deal]]>http://www.bloggingstocks.com/2009/11/10/eu-objects-to-sun-oracle-deal/http://www.bloggingstocks.com/2009/11/10/eu-objects-to-sun-oracle-deal/http://www.bloggingstocks.com/2009/11/10/eu-objects-to-sun-oracle-deal/#commentsFiled under: Deals, Microsoft (MSFT), General Electric (GE), International Business Machines (IBM), Sun Microsystems (JAVA), Oracle Corp (ORCL), Honeywell Intl (HON)

It's not the first time this happened, and likely not the last. The European Commission has objected to Oracle's (ORCL) acquisition of Sun Microsystems (JAVA) after U.S. authorities have approve the $7.4 billion deal.

The issue is Sun's database product, MySQL, which European antitrust authorities fear wouldn't be developed after the acquisition since Oracle has its own database and therefore it would hurt competition in the database business. Together, the two will have quite a large share of the market, the EU contends. The U.S. authorities disagrees, saying there are enough competitors in the market and that "the merger is unlikely to be anticompetitive."

Continue reading EU objects to Sun-Oracle deal

EU objects to Sun-Oracle deal originally appeared on BloggingStocks on Tue, 10 Nov 2009 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsTue, 10 Nov 2009 09:00:00 EST<![CDATA[Before the bell: Stocks ready for a lower open after reaching 13-month highs]]>http://www.bloggingstocks.com/2009/11/10/before-the-bell-stocks-ready-for-a-lower-open-after-reaching-13/http://www.bloggingstocks.com/2009/11/10/before-the-bell-stocks-ready-for-a-lower-open-after-reaching-13/http://www.bloggingstocks.com/2009/11/10/before-the-bell-stocks-ready-for-a-lower-open-after-reaching-13/#commentsFiled under: Before the bell, International markets, Market matters, Sun Microsystems (JAVA), Oracle Corp (ORCL), Economic data, Housing, MBIA Inc (MBI)

It was to be expected. After Wall Street climbed to 13-months highs with stocks rallying over 2% just on Monday to add to last week's gains, finally U.S. stock futures edged lower Tuesday morning, indicating stocks will are poised to retreat somewhat at the open. There's not much news this morning as investors await some housing data.

Deals and the Group of 20 helped sentiment Monday push stocks for their six straight higher close. Several deals in the making boosted investor confidence as did the Group of 20, which said over the weekend that it would keep economic stimulus measures in place for now. And with the Federal Reserve indicating it would keep rates low, buyers came back in droves Monday taking the Dow industrials up over 200 points.

Continue reading Before the bell: Stocks ready for a lower open after reaching 13-month highs

Before the bell: Stocks ready for a lower open after reaching 13-month highs originally appeared on BloggingStocks on Tue, 10 Nov 2009 07:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredTue, 10 Nov 2009 07:45:00 EST<![CDATA[Before the bell: Futures climb as Wall Street eyes deals]]>http://www.bloggingstocks.com/2009/11/09/before-the-bell-futures-climb-as-wall-street-eyes-deals/http://www.bloggingstocks.com/2009/11/09/before-the-bell-futures-climb-as-wall-street-eyes-deals/http://www.bloggingstocks.com/2009/11/09/before-the-bell-futures-climb-as-wall-street-eyes-deals/#commentsFiled under: Before the bell, International markets, Deals, General Electric (GE), Market matters, Sprint Nextel Corp (S), Comcast Cl'A' (CMCSA), Economic data, Kraft Foods'A' (KFT), Oil

U.S. stock futures climbed significantly higher Monday morning, pointing to a strong open on Wall Street following gains in overseas stock markets. With little in the way of economics data and earnings, investors mostly are following several potential deal news.

Last week, with mostly encouraging economic data and generally better-than-expected earnings, the Dow reclaimed the 10,000 mark and remained above it despite the unemployment rate reaching 10.2%. It seems for now, the promise of a recovery and a Federal Reserve that's keeping stimulating policies are enough to boost sentiment.

Continue reading Before the bell: Futures climb as Wall Street eyes deals

Before the bell: Futures climb as Wall Street eyes deals originally appeared on BloggingStocks on Mon, 09 Nov 2009 07:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredMon, 09 Nov 2009 07:40:00 EST<![CDATA[Before the bell: Futures decline after unemployment rate rises to 10.2%]]>http://www.bloggingstocks.com/2009/11/06/before-the-bell-futures-higher-ahead-of-jobs-report/http://www.bloggingstocks.com/2009/11/06/before-the-bell-futures-higher-ahead-of-jobs-report/http://www.bloggingstocks.com/2009/11/06/before-the-bell-futures-higher-ahead-of-jobs-report/#commentsFiled under: Before the bell, International markets, Employees, Market matters, Economic data, DJIA

U.S. stock futures were higher Friday morning, continuing Thursday's strong performance and nearing two-week highs. All eyes this morning will turn to the government's jobs report. While there have been signs of growth and recovery in the economy, the labor market has been one of the biggest concerns, as the Federal Reserve statement just from Wednesday attests.

[Update 8:33 a.m.: Stock futures changed course after the government reported the unemployment rate rose to 10.2%, above the 9.9% expected. Nonfarm payrolls dropped by 190,000 in October, bringing to total number of jobs lost in the recession to 7.3 million.]

U.S. stock markets surged about 2% on Thursday with the Dow Jones Industrial Average reclaiming the 10,000 mark with a 203 point move. Positive economic news, including sales results from retailers and upbeat outlook from tech giant Cisco (NASDAQ: CSCO).

Continue reading Before the bell: Futures decline after unemployment rate rises to 10.2%

Before the bell: Futures decline after unemployment rate rises to 10.2% originally appeared on BloggingStocks on Fri, 06 Nov 2009 07:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredFri, 06 Nov 2009 07:45:00 EST<![CDATA[Before the bell: Futures higher after data, earnings]]>http://www.bloggingstocks.com/2009/11/05/before-the-bell-futures-drift-lower-after-feds-statement-cisc/http://www.bloggingstocks.com/2009/11/05/before-the-bell-futures-drift-lower-after-feds-statement-cisc/http://www.bloggingstocks.com/2009/11/05/before-the-bell-futures-drift-lower-after-feds-statement-cisc/#commentsFiled under: Before the bell, International markets, Cisco Systems (CSCO), Toyota Motor Corp. (TM), Market matters, Economic data, Federal Reserve

U.S. stock futures drifted a little lower (later a little higher) Thursday morning following Wednesday's Federal Reserve's statement that it was keeping rates at record low levels. However, earnings from tech giant Cisco accompanied by an upbeat outlook could give a boost to tech. Also this morning, investors will watch as retail chain-stores report October sales.

[Update: Futures now point to a higher open following retail sales data, earnings and lower claims numbers.]

On Wednesday, Wall Street ended mixed and relatively flat after the Federal Reserve decided to keep rates steady. While conceding the economy has picked up, policymakers said this was not enough to hike interest rates, saying an increase will instead depend on when the labor market and inflation pickup. Given that there have been no inflationary pressures and that unemployment is expected to rise, the dollar weakened yesterday and short-term Treasury yields fell. The Fed also cautioned consumer spending would remain strained. Of course, the market would have liked to see a stronger show of confidence.

Continue reading Before the bell: Futures higher after data, earnings

Before the bell: Futures higher after data, earnings originally appeared on BloggingStocks on Thu, 05 Nov 2009 07:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredThu, 05 Nov 2009 07:40:00 EST<![CDATA[Before the bell: Futures rise ahead of Fed decision]]>http://www.bloggingstocks.com/2009/11/04/before-the-bell-futures-rise-ahead-of-fed-decision/http://www.bloggingstocks.com/2009/11/04/before-the-bell-futures-rise-ahead-of-fed-decision/http://www.bloggingstocks.com/2009/11/04/before-the-bell-futures-rise-ahead-of-fed-decision/#commentsFiled under: Before the bell, International markets, Time Warner (TWX), Berkshire Hathaway (BRK.A), Market matters, Johnson and Johnson (JNJ), Economic data, Oil, Federal Reserve, Burlington Northern Santa Fe (BNI)

U.S. stock futures climbed on Wednesday morning, ahead of the decision by the Federal Reserve on interest-rate and monetary policy. This afternoon, the Fed will give its outlook on the economy and the corresponding policy it's taking. It is widely believed the Fed will not raise rates. Meanwhile, more earnings and economic data are on tap.

Unlike this morning, traders appeared more cautious Tuesday, as the Fed began its two-day policy meeting. Stocks ended mixed and fairly unchanged following news that Warren Buffett's Berkshire Hathaway (NYSE: BRK.B) has decided to buy Burlington Northern Santa Fe (NYSE: BNI) in a deal worth $44 billion and as Johnson & Johnson (NYSE: JNJ) announced a 6-7% workforce reduction.

Continue reading Before the bell: Futures rise ahead of Fed decision

Before the bell: Futures rise ahead of Fed decision originally appeared on BloggingStocks on Wed, 04 Nov 2009 07:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Wed, 04 Nov 2009 07:30:00 EST<![CDATA[Before the bell: Futures point to a sharply lower start]]>http://www.bloggingstocks.com/2009/11/03/before-the-bell-futures-point-to-a-sharply-lower-start/http://www.bloggingstocks.com/2009/11/03/before-the-bell-futures-point-to-a-sharply-lower-start/http://www.bloggingstocks.com/2009/11/03/before-the-bell-futures-point-to-a-sharply-lower-start/#commentsFiled under: Before the bell, International markets, Market matters, Economic data, Lloyds TSB Group plc ADS (LYG), Federal Reserve, Financial Crisis

If on Monday investors were ready to bounce back from Friday's selloff, today stock futures are sharply lower, indicating U.S. stock markets are poised to slump at the open ahead of the Federal Reserve two-day policy meeting that begins today. Another rate hike from Australia, poor results from UBS and weak European markets weigh on sentiment.

Monday was a volatile session. Stocks rallied in the morning following a surprise profit from Ford (NYSE: S) and an upbeat home sales reading, but mostly due to October's manufacturing index that jumped to its highest level in three and a-half years. That didn't hold up, though and the Dow skidded to negative territory only to bounce back later in the afternoon as buyers came back in.

Continue reading Before the bell: Futures point to a sharply lower start

Before the bell: Futures point to a sharply lower start originally appeared on BloggingStocks on Tue, 03 Nov 2009 07:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredlygrbsubsTue, 03 Nov 2009 07:45:00 EST<![CDATA[Before the bell: Stocks futures point to a solid start after CIT's failure, Ford's earnings]]>http://www.bloggingstocks.com/2009/11/02/before-the-bell-stocks-futures-point-to-a-solid-start-after-cit/http://www.bloggingstocks.com/2009/11/02/before-the-bell-stocks-futures-point-to-a-solid-start-after-cit/http://www.bloggingstocks.com/2009/11/02/before-the-bell-stocks-futures-point-to-a-solid-start-after-cit/#commentsFiled under: Before the bell, International markets, Ford Motor (F), Market matters, CIT Group (CIT), Economic data, Oil, Financial Crisis

U.S. stock futures were significantly higher Monday morning, with Wall Street ready to start November on a solid note following Friday's sharp selloff. This morning is indicative of the week ahead full of earnings and economic data. In addition, this week also features the Federal Reserve policy meeting.

On Friday, markets skidded some 2.5 percent as the fate of CIT Group (NYSE: CIT) hung in balance and the strength of the economic recovery, and with it the markets' rally, questioned. And after seven months winning streak, which took Wall Street over 50 percent higher from March lows, October finished in a down note.

Continue reading Before the bell: Stocks futures point to a solid start after CIT's failure, Ford's earnings

Before the bell: Stocks futures point to a solid start after CIT's failure, Ford's earnings originally appeared on BloggingStocks on Mon, 02 Nov 2009 07:35:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredMon, 02 Nov 2009 07:35:00 EST<![CDATA[Pharma earnings recap: Mylan, Allergan, Novo-Nordisk]]>http://www.bloggingstocks.com/2009/10/30/pharma-earnings-recap-mylan-allergan-novo-nordisk/http://www.bloggingstocks.com/2009/10/30/pharma-earnings-recap-mylan-allergan-novo-nordisk/http://www.bloggingstocks.com/2009/10/30/pharma-earnings-recap-mylan-allergan-novo-nordisk/#commentsFiled under: Earnings reports, Allergan (AGN)

One would expect generic U.S. drugmaker Mylan (NYSE: MYL) to benefit from all this talk about increased generic competitions, but revenue only increased 5.2 percent to $1.26 billion on an operational basis, beating analyst revenue estimates of $1.23 billion. Still, revenue in North America, where most pharmas have been hurting, rose 9.2 percent to $502.5 million, helped by new product launches and increased volume.

On an adjusted basis, Mylan posted better-than-expected third-quarter results on Thursday, reporting an earnings per share of 32 cents -- 5 cents higher than the average estimate of analysts polled by Thomson Reuters I/B/E/S. It seems that just like branded pharmas, Mylan benefited from cost cuts. Still, the world's No. 3 generic drugmaker raised its full-year outlook and said it believes it can continue its current momentum into 2010.

Continue reading Pharma earnings recap: Mylan, Allergan, Novo-Nordisk

Pharma earnings recap: Mylan, Allergan, Novo-Nordisk originally appeared on BloggingStocks on Fri, 30 Oct 2009 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>agnearningsfeaturedmylnvoFri, 30 Oct 2009 14:00:00 EST<![CDATA[Before the bell: Futures lower as Street takes a breather, awaits more data]]>http://www.bloggingstocks.com/2009/10/30/before-the-bell-futures-lower-as-street-takes-a-breather-await/http://www.bloggingstocks.com/2009/10/30/before-the-bell-futures-lower-as-street-takes-a-breather-await/http://www.bloggingstocks.com/2009/10/30/before-the-bell-futures-lower-as-street-takes-a-breather-await/#commentsFiled under: Before the bell, International markets, Market matters, Sony Corp ADR (SNE), Chevron Corp (CVX), Alcatel-LucentADS (ALU), Duke Energy (DUK), Economic data, MetLife Inc. (MET)

U.S. stock futures drifted lower Friday morning, indicating a weaker start on Wall Street, a day after a market rally that was fueled by strong economic reports. But as investors catch their breath, they also await cautiously for data on consumer spending and sentiment, as earlier data this week surprised to the down side.

On Thursday, the government reported the economy grew 3.5% in the third quarter. While the growth was mostly due to government stimuli, it was enough to lift stocks some 2% for the day. Treasury Secretary Timothy Geithner said Thursday the U.S. economy's return to growth shows some stability but recovery is fragile and needs nurturing.

Continue reading Before the bell: Futures lower as Street takes a breather, awaits more data

Before the bell: Futures lower as Street takes a breather, awaits more data originally appeared on BloggingStocks on Fri, 30 Oct 2009 07:35:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Fri, 30 Oct 2009 07:35:00 EST<![CDATA[Before the bell: Stock futures higher ahead of GDP data]]>http://www.bloggingstocks.com/2009/10/29/before-the-bell-stock-futures-higher-ahead-of-gdp-data/http://www.bloggingstocks.com/2009/10/29/before-the-bell-stock-futures-higher-ahead-of-gdp-data/http://www.bloggingstocks.com/2009/10/29/before-the-bell-stock-futures-higher-ahead-of-gdp-data/#commentsFiled under: Before the bell, Exxon Mobil (XOM), Market matters, Sprint Nextel Corp (S), Procter and Gamble (PG), Economic data

U.S. stock futures were mildly higher, indicating a positive open for this Thursday morning following the previous session's sell-off. However, all bets are off before the U.S. releases third quarter gross domestic product that would give a better picture of the state of the U.S. economy and growth. The GDP data will no doubt affect investors' mood once released at 8:30 a.m., or an hour before the opening bell.

[Update 9:00 a.m.: The economy grew at a 3.5% pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes. Futures got a boost from the reading.]

Economists expect GDP to have grown at a 3.2% annualized rate in the third quarter, according to Briefing.com after shrinking at an 0.7% annualized rate in the second quarter. If true, it would mean the economy is back on its feet after being knocked over by the worst recession since the 1930s. But many attribute the growth to government support programs such as cash for clunkers and mortgage modification and wonder what the fate of the economy be once gone.

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Before the bell: Stock futures higher ahead of GDP data originally appeared on BloggingStocks on Thu, 29 Oct 2009 07:35:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Thu, 29 Oct 2009 07:35:00 EST