- 123jump.com Staff
- 25 Jul, 2006
- New York City
Consumer sentiment rose despite higher oil and commodity prices and housing market report showed another sign of slow but steady decline in the market. Inventory of unsold homes rose. McDonlad''s, Altria, Texas Instruments and SanDisk reported solid advance. UPS plunged 10% on the third quarter earnings guidance. European and Latin Markets closed higher. Oil declined but gold rose a fraction.
- Elena
- 25 Jul, 2006
- Frankfurt
European markets closed largely in the positive. Upbeat market sentiment was generated by strength in the mining sector and several earnings reports. Commodities stocks like Rio Tinto and Anglo-American advanced over 0.8%, boosted by an increase in commodities prices. The French CAC 40 rose 0.4%, London FTSE 100 gained 0.3%, while DAX 30 declined 0.2%.
- Elena
- 25 Jul, 2006
- Mumbai
Market took the interest rate hike in stride and gained 1.9% on solid earnings, rally in other Asian markets and comfort with strong consumer spending. Daily turnover in the market is still at its worst level of the year with the persistent worries that international investors may withdraw funds from the Indian stock market. Tata Motors reported 40% rise in profit after the close of trading hours.
- Elena
- 25 Jul, 2006
- New York City
Stocks traded in a lackluster fashion, reflexing mixed earnings news and an unexpected jump in consumer confidence. The Conference Board said consumer confidence index for July rose 1.1 points to 106.5, vs. predictions of a 1.4-point drop. According to another report, existing home sales fell 1.3% to a seasonally adjusted annual rate of 6.62 million units in June from an upwardly revised rate of 6.71 million units in May.
- Elena
- 25 Jul, 2006
- New York City
U.S. stocks opened flat due to a mixed batch of earnings reports and rising oil. United Parcel Service, delivery company, said that its Q2 net income jumped to 97 cents a share from 88 cents a share a year ago on 15% sales growth, but lowered its Q3 outlook. McDonald''s Corp. said Q2 net income advanced 57% to 67 cents a share from 42 cents a share a year earlier.
- Elena
- 25 Jul, 2006
- New York City
U.S. stock futures pointed to a flat opening, taking a break from yesterday
- Elena
- 25 Jul, 2006
- New York City
Japan banned U.S. beef earlier this year amid concerns about mad cow disease, but agreed to resume imports last month on condition that Japanese inspectors found no problems at U.S. plants. Japanese officials have not decided what to do if any problems are found at the U.S. plants.
- 123jump.com Staff
- 24 Jul, 2006
- New York City
Market averages rallied on $21 billion deal to acquire HCA, American Express reported 78 cents per share earnings beating the estimates of 74 cents and $10.2 billion deal in Europe for semiconductor business of Philips Electronics. Large and small cap stocks rallied. Tech stocks got a boost from an upgrade on Dell by Citigroup. Merck reported 73 cents and Schering-Plough reported operating income of 25 cents.
- Elena
- 24 Jul, 2006
- New York City
Astec Industries posted Q2 net income of 56 cents a share compared with 49 cents a year ago on 12% sales growth. The company''s June 30 backlog amounted to $121.7 million, climbing 38.2% from 2005. Titanium Metals reported a 62% growth in Q2 net income to 31 cents a share vs. 20 cents a share a year earlier, citing higher revenue. Gateway Financial Holdings said that its Q2 net income increased 68% as net interest income advanced 69% from a year ago.
- Elena
- 24 Jul, 2006
- New York City
Stocks moved notably higher at opening, boosted by multibillion-dollar mergers, strong earnings from drugmakers, and retreating oil prices. Three equity firms offered to buy hospital operator HCA for $21.3 billion and assume $11.7 billion of debt. In another deal, AMD agreed to acquire graphics chipmaker ATI Technologies Inc. for $5.4 billion in cash and stock.
- Elena
- 24 Jul, 2006
- New York City
Stock futures indicated a positive start of trading session, supported by a couple of takeover deals and stronger-than-expected earnings reports. Drug maker Schering-Plough reported a Q2 profit above forecasts on sharply higher sales of its cholesterol drugs. Company
- Elena
- 24 Jul, 2006
- New York City
Under terms of agreement AMD will pay $4.2 billion in cash and 57 million AMD shares to acquire all of ATI''s outstanding stock, according to a news release. The new offerings would broaden AMD''s package of products as it takes on Intel. ATI makes chipsets and graphics chips for PCs, as well as a host of semiconductors for consumer products.
- Elena
- 24 Jul, 2006
- New York City
Asian markets closed slightly lower as gains for automakers helped limit losses brought by the tech sector. The Nikkei lost 0.18% as signs of strengthening domestic economy and strong June production figures for automakers offset declines among technology stocks. Across the region, Hong Kong
- 123jump.com Staff
- 21 Jul, 2006
- New York City
Market swings from euphoria to calamity and today it was the day of economic slow down worries. Industrial and tech comapanies, in spite of reporting better earnings, traded lower. Caterpillar reported the best quarter in the company history,but stock fell 1.1%. Slowing economy and rising uncertainity for the coroporate profits does not bode well for near term investors. Dell and semiconductor stocks declined on slowing markets for computer and chips. Dell closed near six-year low.
- Elena
- 21 Jul, 2006
- New York City
Stocks dropped on significant weakness for tech stocks, dragged by five-year low for Dell due to disappointing earnings. The semiconductor sector was also weak as Broadcom, communications semiconductors maker, reported Q2 revenue in line with estimates but issued a disappointing Q3 forecast. Swedish telecom equipment maker Ericsson fell 1.7% after reporting weaker-than-expected Q2 sales. Caterpillar said Q2 earnings surged 38%, the strongest financial performance in four decades.