- Elena
- 21 Feb, 2006
- New York City
Stocks declined on upbeat economic data and strong earnings which raised concerns about further interest rate hikes. Wal-Mart also weighed on mood posting less stellar results of 13.4% profit jump in Q4. Home Depot reported 23% net income rise in Q4 on 16% revenue increase and 5.5% same-store sales rise, beating estimates. Federated Department Stores said Q4 profit rose 59% from last year, above expectations.
- Elena
- 21 Feb, 2006
- New York City
Stocks slightly advanced Tuesday on stronger-than-expected earnings from Home Depot and Federated Department Stores. Home Depot reported 23% net income rise in Q4 on 16% revenue increase and 5.5% same-store sales rise. Federated said Q4 profit rose 59% from last year. Wal-Mart posted 13.4% profit jump in Q4 on $60.22 billion, or 8.6% revenue growth, beating estimates. Citi Trends announced a public offering price of $42.25 per share for the 1,675,000 shares of its common stock.
- Elena
- 21 Feb, 2006
- New York City
Asian-Pacific benchmarks ended mixed. The Nikkei surged 3% on signs of strong economic improvememt, followed by Shanghai Composite, up 1.7%. European averages advanced at mid-day, led by the German DAX 30, up 0.8%. In earnings news, top retailer Wal-Mart posted 13.4% profit jump in Q4 on $60.22 billion, or 8.6% revenue growth, beating estimates. Home Depot reported Q4 net income rise to 60 cents a share on 16% revenue increase and 5.5% same-store sales rise, exceeding estimates of 56 cents.
- Elena
- 20 Feb, 2006
- Frankfurt
Asian markets ended mixed on bullish export data. The Nikkei dropped 1.75%, while South Korean Kospi rose 1.2%. European averages finished mixed with London FTSE 100 rising 0.2%, supported by gains in oil majors and bourses in Germany and France dragged by telecoms and Sanofi-Aventis. The U.S. markets are closed Monday for Presidents Day holiday. Wal-Mart, Chesapeake Energy Corp., and Host Marriott are among the major companies expected to release earnings during the week.
- Yordanka
- 19 Feb, 2006
- New York City
Long expected IPO of Morgans Hotel Group made a weak performance in the market this week. After pricing at the midpoint of its estimated range, its shares lost almost 1% and are currently trading at their initial offering price.
- 123jump.com Staff
- 17 Feb, 2006
- New York City
For the most part market ignored the rise in core PPI as reported by the government. Rise in oil price and mixed earnings in the tech sector dominated stock-specific trading. Reinsurer, PXRE Group tumbled 65% on higher charges related to Hurricane Katrnina. Global markets, especially markets in Japan, India declined by 2% and 1%. European markets closed higher, near four year high. European miners led rally across the region. Markets in Brazil and Canada lead averages higher in the Americas.
- Elena
- 17 Feb, 2006
- New York City
Soaring oil prices, better-than-expected rise in wholesale prices and disappointing outlook from Dell sent stocks lower. However, the computer maker reported 52% profit jump in Q4, beating estimates. Nvidia said Q4 net income almost doubled to 53 cents a share, above expectations. Guess shares fell 7% on downbeat forecast for 2006. PXRE Group slid 65% after it raised its estimate of the impact of Rita and Katrina. Intuit posted 25% quarterly rise on revenue but gave a weak outlook.
- Elena
- 17 Feb, 2006
- New York City
Soaring oil prices, better-than-expected rise in wholesale prices and disappointing earnings outlook from Dell sent stocks lower. However, the computer maker reported 52% profit jump in Q4 on 13% revenue growth, beating estimates. Chipmaker Nvidia said Q4 net income almost doubled to 53 cents on 12% sales growth, exceeding expectations of 49 cents a share.
- Elena
- 17 Feb, 2006
- New York City
Asian-Pacific markets closed mixed. The Nikkei tumbled 330 points,or 2.06% on inflation concerns raised by strong GDP data, while South Korean Kospi surged 1.4%. European averages reached a fresh four-and-a-half year high in a quiet morning session. U.K''s Daily Mail & General Trust dropped over 11%. Computer maker Dell reported 52% profit jump in Q4 on 13% revenue growth, beating expectations.
- 123jump.com Staff
- 16 Feb, 2006
- New York City
Solid rise in housing starts and stable unemployment claims gave for the second day boost to broader averages. Tech earnings, weak oil prices and busy home builders on top of busy consumers in January kept all three indexes surging for the day. Target reported earnings of $1.06 vs 91 cents a year ago. After the close Dell reported 43 cents vs. 26 cents a year ago. Intuit reported Q2 profit of $1.02 vs. 77 cents a year ago.
- Elena
- 16 Feb, 2006
- New York City
Stocks advanced on better-than-expected construction data and positive earnings news from Hewlett-Packard. DaimlerChrysler posted 2005 net profit rise of 15%, beating estimates. In Q4, the automaker posted 84% income rise. Arcelor plans to double its dividend, trying to fend off a hostile $21.9 billion bid from Mittal Steel. Expedia fell 16% on worse-than-expected earnings for the Q4. Administaff reported Q4 earnings of 39 cents a share on 22.8% revenue growth, beating estimates.
- Elena
- 16 Feb, 2006
- New York City
Stocks opened higher, boosted by a report showing housing starts rising at their fastest pace in more than three decades and positive earnings news from Hewlett-Packard. DaimlerChrysler posted 2005 net profit rise of 15%, beating estimates. In Q4, the automaker posted 84% income rise. Arcelor plans to double its dividend to 768 million euros, trying to fend off a hostile $21.9 billion bid from Mittal Steel. Expedia fell 15% on worse-than-expected earnings for the Q4.
- Elena
- 16 Feb, 2001
- New York City
Asian markets closed strong, following Bernanke''s testimony and the oil prices drop. Taiwan climbed 1.44%, followed by the Nikkei, up 0.84%. European averages were led by the French CAC 40, up 0.2%. DaimlerChrysler said 2005 net profit advanced 15%, beating estimates but its operating profit dropped 10%. In Q4, the automaker posted 84% income rise. Arcelor plans to double its dividend to 768 million euros, trying to fend off a hostile $21.9 billion bid from Mittal Steel.
- 123jump.com Staff
- 15 Feb, 2006
- New York City
Market enjoyed a mild optimistic opening after surging yesterday on strong retail sales. Generally positive comments related to economic health and 3% drop in oil kept buyers in the market for the most of the day. After-the-close HP reported better than expected earnings of 48 cents. Expedia reported earnings of 7 cents, down 43% from a year ago. Las Vegas Sands to sell 55 million shares and raise $3 billion in secondary offering. Mittal Steel posted Q4 earnings of 92 cents per share.
- Elena
- 15 Feb, 2006
- New York City
Stocks turned mixed Wednesday morning as investors digested Ben Bernanke''s first economic report before Congress. The new Fed Reserve Chairman signaled further interest-rate increases, saying that the economy is strong but inflation and other risks remain. Merrill Lynch & Co. Inc. agreed to combine its investment-management business with money manager BlackRock in exchange for a nearly 50% stake in BlackRock.