- Elena
- 31 Jan, 2006
- New York City
Stocks opened weak ahead of the FOMC minutes release. The key interest rate is expected to be increased by a quarter point to 4.5%. In earnings news Merck reported fourth-quarter earnings were up slightly. Altria Group posted higher Q4 earnings but forecast a decline in 2006 earnings due to restructuring charges. Haemonetics posted 155% quarterly profit jump of $1.02 a share, above estimates of 42 cents. Constellation Energy reported Q4 profit rise, beating estimates.
- Elena
- 31 Jan, 2006
- New York City
Asian-Pacific benchmarks finished largely up, led by South Korean Kospi, up 1.1% and the Nikkei, rising 0.6% to 16,649.82. European stocks reversed from losses to rise on oil and gas shares with the German DAX 30 and the French CAC 40 up 0.5%. Constellation Energy reported Q4 profit rise of $1.09 a share, beating estimates. Knight Ridder posted earnings decline to $1.24, exceeding estimates of $1.22. Tupperware Brands adjusted Q4 earnings of 54 cents a share met expectations.
- 123jump.com Staff
- 30 Jan, 2006
- New York City
Traders for the most part avoided taking sides a day before FOMC meeting. OPEC is likely to announce production cut after tomorrow''''s meeting. Oil stocks jumped as oil and natural gas prices rose in anticpation of production cuts and daily jitters related to Iran, Nigeria and Venezuela. Exxon Mobil reported largest corporate profit ever. Wal-Mart reported 4.7% rise in same-store sales in January.
- Elena
- 30 Jan, 2006
- New York City
Stocks traded in a lackluster fashion Monday morning with investors reluctant to make significant moves ahead of the Fed Reserve''s meeting Tuesday. In corporate news, oil giant Exxon Mobil posted Q4 record profit on revenue growth, beating expectations. USG Corp. rose 16% after it agreed to resolve asbestos personal injury claims in a Chapter 11 agreement which will help the company to exit bankruptcy in 2006. Sunoco Logistics posted disappointing Q4 profit and revenue.
- Elena
- 30 Jan, 2006
- New York City
Stocks opened slightly above the flat line with investors reluctant to make significant moves ahead of the Fed Reserve''s meeting Tuesday. In corporate news, oil giant Exxon Mobil posted Q4 profit jump of $1.71 a share on revenue growth, beating expectations. USG Corp. rose 16% after it agreed to resolve asbestos personal injury claims in a Chapter 11 agreement which will help the company to exit bankruptcy in 2006. Sunoco Logistics posted disappointing Q4 profit and revenue.
- Elena
- 30 Jan, 2006
- New York City
Asian markets ended higher with only four active exchanges in the region because of the Lunar New Year holiday. The Nikkei closed up 0.55%, building on U.S. gains last week. European averages were mixed at mid-day with the German DAX 30 in the lead, up 0.1%. In corporate news, Schering-Plough reversed to profit in Q4, rising 13%, missing estimates by a penny. Kinetic Concepts posted fourth-quarter 36% income growth on 18% revenue increase, beating estimates.
- 123jump.com Staff
- 27 Jan, 2006
- New York City
More than 50% of companies, this week, reported better-than-expected earnings. Earnings related momentum and strength in new home sales took market averages near year-high. Market ignored weak GDP report and rising oil price. Gold and natural gas fell during the day. Microsoft, Catepillar, Proctor & Gamble reported strong earnings. Retail, casinos and tech stocks joined in the rally.
- Elena
- 27 Jan, 2006
- New York City
In mid-day trading U.S. major averages were sitting near intraday highs. Stocks traded in the positive Friday morning with strong quarterly results from Microsoft boosting the sentiment and disappointing GDP data limiting gains. The software giant posted Q2 profit rise on 9% revenue growth. Procter & Gamble posted 29% profit growth in Q2, raised 2006 outlook. Broadcom posted more than doubled Q4 income on 52% sales growth. Mittal Steel launched a $22.8 billion bid for European rival Arcelor.
- Elena
- 27 Jan, 2006
- New York City
U.S. stocks opened slightly higher with better-than-expected quarterly results from Microsoft boosting the sentiment and disappointing GDP data limiting gains. The software giant posted Q2 profit rise of 34 cents a share on 9% revenue growth. Procter & Gamble posted 29% profit growth in Q2, raised 2006 outlook. In deal news, the world''s largest steel company Mittal Steel launched a $22.8 billion bid for European rival Arcelor.
- Elena
- 27 Jan, 2006
- New York City
Asian-Pacific benchmarks rallied Friday, led by huge gains in the Nikkei which rocketed 3.6% to 16,460, posting the biggest one-day rise in four-years. The index jumped 556.66 points, lifted by record-high results released by Sony. European averages gained on Mittal Steel''s bid for Arcelor with the German DAX 30 up 1%. Microsoft posted Q2 profit rise of 34 cents a share on 9% revenue growth. Procter & Gamble posted 29% profit growth in Q2, raised 2006 outlook.
- 123jump.com Staff
- 26 Jan, 2006
- New York City
Market early rise was supported by strong earnings from defense, financials and tech stocks. Of more than 100 companies to report earnings today, 60% reported better than expected earnings. GM posted Q4 profit loss of $8.45 a share and a loss of $15.13 per share for 2005. Honeywell posted Q4 earnings in line with estimates. First Data rose 7% after it said it will spin off its Western Union business. Chipotle Mexican Grill prices 7.88 million shares at $22, the stock jumps 100%.
- 123jump.com Staff
- 26 Jan, 2006
- New York City
Stocks rallied Thursday morning, lifted by better-than-expected earnings and positive durable goods orders. GM posted Q4 profit loss of $8.45 a share and a loss of $15.13 per share for 2005. Honeywell posted Q4 earnings in line with estimates. First Data rose 7% after it said it will spin off its Western Union business. Chipotle Mexican Grill prices 7.88 million shares at $22, the stock jumps 100%.
- Elena
- 26 Jan, 2001
- New York City
Stocks rallied Thursday morning, lifted by better-than-expected earnings and positive data that signaled economic growth. With 54% rise in Q4 profit, Caterpillar counteracted General Motor''s heavy losses in the fourth quarter and full-year. The automaker posted Q4 profit loss of $8.45 a share and a loss of $15.13 per share for 2005. Honeywell posted a Q4 earnings rise in line with estimates. First Data rose 7% after it said it will spin off its Western Union business to shareholders.
- Elena
- 26 Jan, 2006
- New York City
Stocks opened higher on upbeat economic data and strong earnings from major companies, including Caterpillar, despite General Motor''s heavy losses in the fourth quarter and full-year. The automaker posted Q4 profit loss of $8.45 a share vs. a loss of 18 cents a year ago and a loss of $15.13 per share for 2005 vs. net income of $4.92 in 2004. Eli Lilly swung to profit in Q4. Caterpillar posted 54% profit jump in Q4, above estimates. Honeywell posted a Q4 earnings rise in line with estimates.
- Elena
- 26 Jan, 2006
- New York City
Asian-Pacific benchmarks closed higher on stronger dollar and retreating oil. The Nikkei climbed 1.2%, followed by Taiwan Weighted index, also up 1.2%. European averages advanced on Siemens and Deutsche Telecom, led by the German DAX 30, up 0.9%. In earnings news, Danaher beat estimates by a penny, posting a Q4 profit rise of 81 cents a share. Eli Lilly swung to profit in Q4, posting earnings of 64 cents a share. Caterpillar posted 54% profit jump in Q4, surpassing estimates.