home sales posts
FeedPosted Jan 23rd 2011 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Microsoft (MSFT), McDonald's (MCD), Caterpillar (CAT), American Express (AXP), Chevron Corp (CVX), Economic Data, United Technologies (UTX), Federal Reserve, General Dynamics Corp (GD)
With earnings season in full swing, the FOMC meeting on interest rates, the GDP estimate, and housing numbers due out, the coming week is shaping up to be a busy one. So here's a peek at what's on the economic calendar.
Monday
Quarterly reports from American Express (AXP) and McDonald's (MCD) will highlight Monday. Amgen (AMGN), CSX (CSX), Halliburton (HAL) and Texas Instruments (TXN) are also expected to report strong earnings results.
Continue reading Week in Preview: GDP, FOMC Meeting, Housing Data and Lots of Earnings
Posted Jan 20th 2011 8:30AM by Jason Raznick (RSS feed)
Filed under: Before the Bell, Earnings Reports, Google (GOOG), eBay (EBAY), Economic Data

U.S. stock futures are lower this morning as investors await economic data on weekly jobless claims and home sales. Futures on the Dow Jones Industrial Average dropped 21 points to 11,765.00, while S&P 500 futures declined 1.3 points to 1,277.20. Nasdaq 100 futures lost 1.75 points to 2,292.75.
U.S. stocks dropped Wednesday, with the Dow Jones Industrial Average dropping 12.64 points, or 0.11%.
Economic data on weekly jobless claims will be released at 8:30 a.m. ET. Data on existing home sales, leading indicators for December and the Philly Fed index for January will be released at 10 a.m. ET.
Google (
GOOG) is projected to report Q4 EPS of $8.07 on revenue of $6.05 billion.
UnitedHealth (
UNH) reported its Q4 EPS of 94 cents, beating the consensus of 84 cents. UNH reported its Q4 revenue at $24 billion, versus the estimates of $23.75 billion.
Continue reading U.S. Stock Futures Down as Investors Await Jobless, Home Sales Data
Posted Nov 21st 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Hewlett-Packard (HPQ), Campbell Soup (CPB), Tyson Foods'A' (TSN), Economic Data, Deere and Co (DE), Federal Reserve
Among the quarterly results scheduled for this holiday-shortened week, investors may be thankful for the earnings results from Tyson Foods (TSN). The Arkansas-based poultry and meat producer reported on its sustainability efforts and also was named McDonalds' (MCD) supplier of the year during its fiscal fourth quarter. Analysts polled by Thomson Reuters forecast earnings for that period to have doubled from a year ago to 56 cents per share.
Tyson is also expected to post revenue of $7.8 billion for the three months that ended in September, which is 7.4% more than in the same period of fiscal 2009. And the consensus estimate for the full year calls for earnings of $2.08 per share (+87.0%) and revenue of $28.7 billion (+7.3%). Tyson's earnings have been better than expected in recent quarters, beating consensus estimates by as much as 24 cents per share.
Continue reading Week in Preview: Tyson Foods, Analog Devices, Deere Serve Up Earnings
Posted Oct 26th 2010 11:00AM by Mark Fightmaster (RSS feed)
Filed under: Economic Data, Housing, Recession
Tuesday morning started off on a bearish note, which intensified after the latest news release from the S&P/Case-Shiller home price index. The index reported that home prices dropped 0.2% during August, which brought an end to four straight months of gains.
The Case-Shiller home price index was termed "disappointing" by those compiling the data. In 15 of the 20 metropolitan areas tracked by the index, home prices dropped compared to July. In addition, the data showed that annualized price growth slowed to 1.7% from July's 3.2%. The only cities that showed an increase in home prices were Chicago, Detroit, Las Vegas, New York and Washington D.C.
Continue reading Case-Shiller Index Adds Bearish Momentum to the Market
Posted Aug 31st 2010 12:30PM by Mark Fightmaster (RSS feed)
Filed under: Economic Data, Housing
During June, home prices increased for the third-straight month, lending a bit of momentum to the bulls Tuesday morning. The problem is that the downward tide of the market was too much for this news to overcome, but taking this news in conjunction with other news could put a positive spin on the day.
The Standard & Poor's/Case-Shiller home price index posted a 1% increase in June compared to May. Comparing the number to a year ago, the index increased 4.2%. On a quarter-over-quarter basis, the second-quarter numbers were 4.8% better than the first quarter. Of the 20 cities surveyed, 17 saw monthly price increases -- Las Vegas was the only city where prices fell.
Continue reading Home Prices Log Third-Straight Monthly Increase
Posted May 26th 2010 6:00PM by Michael Fowlkes (RSS feed)
Filed under: International Markets, Good news, Russia, Middle East, Economic Data, Oil, Housing, Recession, Financial Crisis

Oil prices have rebounded from yesterday's sell off, despite a
larger than expected increase in oil inventories last week.
As we noted yesterday, analysts were expecting to see a 250,000 barrel increase in reserves last week, but the Department of Energy reported today that inventories actually rose by a much greater 2.4 million barrels.
Continue reading Oil Prices Rebound Despite Bearish Inventory Report
Posted May 24th 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: Citigroup Inc. (C), Amer Intl Group (AIG), Alcatel-LucentADS (ALU), Genzyme (GENZ)

Today was one of the days where the only way to know where it would really end up was to have a crystal ball or time machine with a 4:00 PM destination. The only real data was existing home sales, and the overseas markets offered enough continued weakness and uncertainty that the news flow almost did not even matter. The three major stock indexes all spent at least some time in positive territory despite the woes of the day.
Here were the unofficial closing bell levels:
Dow 10,066.57 -126.82 (-1.24%)
S&P 500 1,073.63 -14.06 (-1.29%)
Nasdaq 2,213.55 -15.49 (-0.69%)
Top Analyst CallsContinue reading Closing Bell: Europe Still a Drag on the Market (C, ALU, MSFT, GENZ, AIG, IRE, NBG, BPOP)
Posted Apr 12th 2010 12:10PM by Mark Fightmaster (RSS feed)
Filed under: Economic Data, Recession
According to an Associated Press survey of leading economists, jobs and home values will stay unstable into 2011. The survey indicates that the recovery is going to continue trudging along through the year, which should prompt the Federal Reserve to keep interest rates near zero. Three-fourths of the economists surveyed believe that the interest rates will stay low until the final quarter of 2010.
Other highlights from the survey (if you can call them highlights) include the belief that the unemployment rate will stay "stubbornly high" during the next two years. The group believes that the unemployment rate will drop to 9.3% by the end of this year and will drop to 8.4% at the end of 2011.
Continue reading Survey: Economic Recovery to Drag Through 2011
Posted Mar 23rd 2010 1:00PM by Connie Madon (RSS feed)
Filed under: Economic Data, Housing, Recession
The housing market is still in the doldrums. Existing home sales fell .6% in February to an annual rate of 5.02 million, as reported by the National Association of Realtors.
This number is important because existing home sales account for 90% of the market. The Obama administration extended the first-time home buyer program until this June 30 for contracts signed before April 30. So far there has been little or not bump up in sales
Another disheartening statistic is a jump of 9.5% in previously owned homes on the market to 3.59 million. At this rate it would take 8.5 months to sell these homes.
Continue reading Existing Home Sales Fall in February
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