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Daily Market Commentary for March 12, 2010Lehman BrothersA court-appointed investigator said in a 2,200 page document that Lehman Brothers failure was due to the company’s own senior executives and auditor. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/news95325.aspxEconomic data released today:Retail Sales (MoM):January Retail & Food Sales Revised to riseby MTnews - How-To's
Daily Market Commentary for March 11, 2010Christopher DoddSenate Banking Committee Chairman Christopher Dodd said Thursday, he will move ahead with financial regulation regardless of bipartisan backing. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarymarch1110.aspxEconomic data released today:Trade Balance:U.S. December Trade Balance Revised to Deficitby MTnews - How-To's
(GYMB) - buyGymboree reported Q4 beat street estimate and shares were higher by 5% in aftermarket trading on Wednesday.(SMTC) - buySemtechQ4 profit jumped 50% as they benefited from strengthening demand and an acquisition that helped boost results. Shares were higher by 4% in aftermarket trading on Wednesday.(CLNE) - buyClean Energy Fuels Q4 beat by 1 cent sending shares higher by 3% in aftermarkeby zantriocom - How-To's
Daily Market Commentary for March 10, 2010OPECOPEC or Organization of the Petroleum Exporting Countries announced today they were raising its 2010 forecast for global oil demand. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarymarch1010.aspxEconomic data released today:MBA Mortgage Applications:U.S. MBA Market Index rose 0.5% at 633.1; Last Week 629.9;by MTnews - How-To's
Daily Market Commentary for March 9, 2010Market UpdateIn today's market update stocks were on the rise after a rocky start. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarymarch910.aspxEconomic data released today:IBD/TIPP Economic Optimism:U.S. March IBD/TIPP Economic Optimism Index 45.4 versus 46.8 in February; U.S. March IBD/TIPP 6-Month Economic Outby MTnews - How-To's
Daily Market Commentary for March 8, 2010New York Stock ExchangeThings were quiet at the New York Stock Exchange today, due to the lack of economic data released. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarymarch810.aspxEconomic data released today:U.S. Conference Board:January Employment Trends Index Unrevised at 93.2; February Employment Trends Inby MTnews - How-To's
(AIG) - buyAmerican International Group has been on an upward trend that appears to be ongoing. Additionally, they are selling a big life insurance unit to MetLife for $15.5B in what would be a second big transaction in one week to help repay its taxpayer-financed rescue.(YGE) - buyEarnings Play: Yingli Green Energy Holding scheduled to release earnings of 14 cents P/S vs 12 cents P/S a yearby zantriocom - How-To's
Daily Market Commentary for March 5, 2010Unemployment RateStocks rallied this morning on news that the unemployment rate fell than expected. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarymarch510.aspxEconomic data released today:Nonfarm Payrolls:U.S. January Payrolls Revised to fall 26K from a decrease by 20K; U.S. February Government Payrolls fell 18by MTnews - How-To's
(EBS) - buyAverage low trading volume: Emergent BioSolutions Reports Q4 8 cents better than consensus, revenues rose 50.3% YoY and company reaffirms guidance for FY10.(AAPL) - buyApple rose almost 2 points in aftermarket trading. Watch for follow through tomorrow into higher territory.(SOLF) - buyEARNINGS PLAY: Solarfun Power Holdings Co. Ltd. Expected to report earnings of 24 cents vs loss of $1.by zantriocom - How-To's
Daily Market Commentary for March 4, 2010Pending Home SalesStocks were inching higher in morning trading, despite reports that pending home sales fell in January. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarymarch410.aspxEconomic data released today:Initial Jobless Claims:U.S. Continuing Claims Fall to Lowest Level since January 2009; U.S. Jobless Clby MTnews - How-To's
Daily Market Commentary for March 3, 2010Job Loss StatisticsNewest job loss statistics came today from payroll-processing firm Automatic Data Processing. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarymarch310.aspxEconomic data released today:MBA Mortgage Applications:U.S. MBA Market Index rose 14.6% at 629.9; Last Week 549.5; U.S. MBA Purchase Indexby MTnews - How-To's
(URS) - buyURS reported Q4 earnings 10 cents higher than Wall Street expectations and forecast 2010 profit of $3.35 to $3.45 P/S, versus Wall Street estimate of $3.25.(CSIQ) - buyEarnings play: Canadian Solar scheduled to release earnings of 46 cents versus loss of $1.42 a year ago, before market opens Wednesday.(JOYG) - shortJoy Global scheduled to release earnings before market opens Wednesday oby zantriocom - How-To's
Daily Market Commentary for March 2, 2010Ford SalesFord sales were up in February, the automaker also had better sales than rival GM. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarymarch210.aspxEconomic data released today: N/AAt the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices endedby MTnews - How-To's
Daily Market Commentary for March 1, 2010American International GroupAmerican International Group announced Monday that it was going to sell its division called AIA Group. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarymarch110.aspxEconomic data released today:Core PCE Price Index:January PCE Price Index rose 0.2% Rate on Month; January PCE Price Indexby MTnews - How-To's
Daily Market Commentary for February 26, 2010Economic DataStocks turned lower this morning after a batch of mixed economic data. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentaryfebruary2610.aspxEconomic data released today:GDP :U.S. Revised 4Q GDP Growth Estimate Highest in Over 6 Years; 4Q Preliminary Chain-Weighted Price Index rose 0.4% Versus an Advaby MTnews - How-To's
Daily Market Commentary for February 25, 2010Greece DebtWith the recent Greece debt problems and todays worse than expected report on jobs, stocks tumbled. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentaryfebruary2510.aspxEconomic data released today:Durable Goods Orders:U.S. January CPI Energy Prices rose 2.8%; U.S. January CPI Food Prices rose 0.2%; U.by MTnews - How-To's
Daily Market Commentary for February 24, 2010BernankeBernanke gave his semi-annual report to Congress on the economy today, with some positive comments stocks rose off of their two-day retreat. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentaryfebruary2410.aspxEconomic data released today:MBA Mortgage Applications;U.S. MBA Market Index fell 8.5% at 549.5;by MTnews - How-To's
(ADSK) - buyAutodesk Q4 earnings beat by 7 cents and issues in-line guidance for Q1. Shares were higher by 7% in aftermarket trading.(SLXP) - buySalix Pharmaceutical's received FDA recommendation for approval for Xifaxan to treat brain damage caused by liver failure. Shares soared higher by 19% in aftermarket trading.(DLTR) - buyEarnings play: Dollar Tree Stores is expected to report earnings of $by zantriocom - How-To's
Daily Market Commentary for February 23, 2010Corporate Earnings ReportsStocks were falling on economic data released today, despite the positive corporate earnings reports. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentaryfebruary2310.aspxEconomic data released today:US ICSC/Goldman Sachs Chain Store Sales rose 2.3% in week of Feb 20; U.S. ICSC/Golby MTnews - How-To's
Daily Market Commentary for February 22, 2010Lowe’sHome improvement giant Lowe's posted better-than-expected quarterly profits, signaling the worst is over. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentaryfebruary2210.aspxEconomic data released today: N/AAt the NYSE closing bell on the New York Stock Exchange, here is how the major world indices aby MTnews - How-To's
Green IPO Watch; Fallbrook Technologies $50 Million IPO Green IPO Watch at Renewableenergystocks.com Reports on Fallbrook Technologies Inc $50 Million IPO Filing - End Market Applications to include Automotive Accessory Drives, Electric Vehicles, Bicycles, Small Wind Turbines www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sectby investid - Energy & Alternative Energy around the World
(COG) - buyEarnings Play: Cabot Oil & Gas expected to report Q4 earnings of 45 cents vs 44 cents a year ago.(CEG) - buyEarnings Play: Constellation Energy Group expected to report Q4 earnings of 24 cents vs 3 cents a year ago.(LOW) - buyEarnings Play: Lowe's Companies expected to report Q4 earnings of 12 cents vs 11 cents a year ago.(MDAS) - buyEarnings Play: MedAssets expected to reportby zantriocom - How-To's
Daily Market Commentary for February 19, 2010U.S. Federal ReserveU.S. Federal Reserve surprised investors when it raised the interest rate it charges banks for emergency loans. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentaryfebruary1910.aspxEconomic data released today:CPI :U.S. Real Average Weekly Earnings rose 0.2% in January; U.S. January CPI Energyby MTnews - How-To's
Daily Market Commentary for February 18, 2010ObamaPresident Obama announced an executive order today to officially create a bipartisan fiscal commission. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentaryfebruary1810.aspxEconomic data released today:PPI :U.S. January Producer Prices rose 1.4%; compared to consensus of an increase by 0.9%; U.S. January PPIby MTnews - How-To's
Daily Market Commentary for February 17, 2010New Home ConstructionU.S. Commerce Department reported new home sales rose in January however, the amount of building permits issued fell. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentaryfebruary1710.aspxEconomic data released today:MBA Mortgage Applications:U.S. MBA Market Index fell 2.1% at 600.5; Last Weeby MTnews - How-To's
(DHR) - buyDanaher reported Q1 above high end of consensus and per President and CEO H. Lawrence Culp, Jr. "We've been encouraged by the strong order activity and continuing margin performance through the first part of the Q.”(CSTR) - buyCoinstar provided guidance for Q1 in range of $315M to $335M and EBITDA of $43M to $48M. Shares were sharply higher during aftermarket trading seby zantriocom - How-To's
Daily Market Commentary for February 16, 2010Simon Property GroupSimon Property Group announced Tuesday that they are placing a $10 billion bid to purchase their #1 competitor, General Growth Properties. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentaryfebruary1610.aspxEconomic data released today:Empire State Manufacturing Index:New York Fed February Prby MTnews - How-To's
(TEVA) - buyEarnings play: Teva Pharmaceutical is likely to report Q4 earnings of 95 cents a share compared to $0.76 a year ago. (AEIS) - buyEarnings play: Advanced Energy Industries is likely to report Q4 with a loss of only 9 cents a share compared to a loss of 45 cents a year ago, before the market opens Tuesday.(UTHR) - buyEarnings play: United Therapeutics is scheduled to report Q4 gain of 28by zantriocom - How-To's
Daily Market Commentary for February 12, 2010Chinese GovernmentToday, the People's Bank of China raised reserve levels by 0.5%, the Chinese Government said it would force banks to make the increases; this is the second increase this year. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentaryfebruary1210.aspxEconomic data released today:Retail Sales:U.S. Deceby MTnews - How-To's
Daily Market Commentary for February 11, 2010Jobless claimsJobless claims fell more than expected this week, giving hope that we may be seeing improvement in the job market. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentaryfebruary1110.aspxEconomic data released today:Initial Jobless Claims:U.S. Jobless Claims for week of February 6 fell 43K to 440K compby MTnews - How-To's