FedEx (FDX) raises Q1 EPS guidance to $1.05-$1.25 vs. $1.01 consensus, up from prior guidance of $0.85-$1.05, and lifts 2010 EPS to $4.60-$5.20. FDX +4.7% premarket. (PR) [View news story]
That's a game changer for the "day" that's for sure. The dogs will be barking.
Deutsche Bank upgrades Bemis (BMS) to Buy from Hold, and raises its price target to $36 from $30. It expects meaningful margin expansion after Bemis significantly increased its scale in the food and beverage market with the purchase of Alcan Packaging's Food Americas arm. [View news story]
Seven banks in seven states fail, bringing the year's tally to 103. The institutions had about $2B in deposits combined, and their resolution will cost the FDIC an estimated $431M. The number of failures means a smaller problem bank list. [View news story]
The European stress tests may have been more lenient than their U.S. counterparts, but they had at least one silver lining: They forced bank regulators to ask hard questions, which have generated a lot of information that can be used - if they choose - toward crisis prevention. [View news story]
Hey re the thumbs down ... I was taking the Mickey.
Within the last month ... wasn't 130 Billion Euros distributed to various banks in Europe ? the market bounced for a day at least because of it ... out of a 500 Billion Euro fund set aside for a rainy day.
So even after 130 Billion has been pumped into it recently ... and the tests dummied right down ... 7 of 91 "selected" banks still failed. Could you imagine what shape the "non" selected banks are in...
Some peeps inc Barclays had a figure close to 300 Billion ... only 296 Billion short : )
These tests were a sham and I don't think they'll be able to pull it off i.e keep the wool over our eyes for too long. Way too many moving parts.
Permabear David Rosenberg offers 17 reasons to be bullish - seriously! But it's short-term, and the market is still a "meat grinder": "The bulls have the upper hand, but only until the next shoe drops in this modern-day depression..." Whew, that's more like it. [View news story]
Yup ... at some point ... probably Wednesday or Thursday of next week, the contrarian bulls among us will turn into bears.
The European stress tests may have been more lenient than their U.S. counterparts, but they had at least one silver lining: They forced bank regulators to ask hard questions, which have generated a lot of information that can be used - if they choose - toward crisis prevention. [View news story]
Market recap: Stocks finished sharply higher, with the Dow posting its best showing in two weeks, and the S&P and Nasdaq each finishing up well over 2%. The market was boosted by strong earnings from several blue chips and better-than-expected economic data in Europe. Oil and other commodities finished broadly higher. NYSE advancers led decliners by more than five to one. [View news story]
Nah big day tomorrow ... European bank stress tests ... it's a party and we're all invited.
Yup ... and peeps wonder why the retail investor, of which I'm one is MIA. Buying shares no longer feels like an investment ... it's a daily flip of the coin one way or the other.
Overseas: Japan closed. Hong Kong -0.8%. China +2.1%. India -0.1%. London +0.2%. Paris +0.3%. Frankfurt +0.2%. [View news story]
No Japan is on a holiday.
China is interesting. That's twice now (rumored of course) that the Government has defended 2400. On Friday it got a big kick late in the day to get it over and today the Premier was chirping away and locals liked what they heard.
London is at least 1% off it's early lows. Hey, the last time Moodys cut a rating, the market went up 3%, Spain last week. Perhaps that's why the local markets have gone up a shade. Moving lower for a cut in a Countries credit rating is so last month : )
The outlook for the eurozone is improving, at least on casual glance, but a closer look reveals several still-troubling signs.
[View news story]
U.S. Equities Are Clearly Undervalued: Crunching the Numbers [View article]
You cracked me up with that pearler the other day.
Keep them coming !!
The Market Rally Train Is Leaving the Station [View article]
News Flash ... it's 2010.
FedEx (FDX) raises Q1 EPS guidance to $1.05-$1.25 vs. $1.01 consensus, up from prior guidance of $0.85-$1.05, and lifts 2010 EPS to $4.60-$5.20. FDX +4.7% premarket. (PR) [View news story]
Deutsche Bank upgrades Bemis (BMS) to Buy from Hold, and raises its price target to $36 from $30. It expects meaningful margin expansion after Bemis significantly increased its scale in the food and beverage market with the purchase of Alcan Packaging's Food Americas arm. [View news story]
Seven banks in seven states fail, bringing the year's tally to 103. The institutions had about $2B in deposits combined, and their resolution will cost the FDIC an estimated $431M. The number of failures means a smaller problem bank list. [View news story]
7 in Europe ... 7 in the States.
The European stress tests may have been more lenient than their U.S. counterparts, but they had at least one silver lining: They forced bank regulators to ask hard questions, which have generated a lot of information that can be used - if they choose - toward crisis prevention. [View news story]
Within the last month ... wasn't 130 Billion Euros distributed to various banks in Europe ? the market bounced for a day at least because of it ... out of a 500 Billion Euro fund set aside for a rainy day.
So even after 130 Billion has been pumped into it recently ... and the tests dummied right down ... 7 of 91 "selected" banks still failed. Could you imagine what shape the "non" selected banks are in...
Some peeps inc Barclays had a figure close to 300 Billion ... only 296 Billion short : )
These tests were a sham and I don't think they'll be able to pull it off i.e keep the wool over our eyes for too long. Way too many moving parts.
Permabear David Rosenberg offers 17 reasons to be bullish - seriously! But it's short-term, and the market is still a "meat grinder": "The bulls have the upper hand, but only until the next shoe drops in this modern-day depression..." Whew, that's more like it. [View news story]
Way too many bulls for the bulls liking : )
The European stress tests may have been more lenient than their U.S. counterparts, but they had at least one silver lining: They forced bank regulators to ask hard questions, which have generated a lot of information that can be used - if they choose - toward crisis prevention. [View news story]
The need for austerity is slowly diminishing.
Market recap: Stocks finished sharply higher, with the Dow posting its best showing in two weeks, and the S&P and Nasdaq each finishing up well over 2%. The market was boosted by strong earnings from several blue chips and better-than-expected economic data in Europe. Oil and other commodities finished broadly higher. NYSE advancers led decliners by more than five to one. [View news story]
BUY BUY BUY !!!
Overseas: Japan -0.6%. Hong Kong +0.5%. China +1.1%. India +0.8%. London +0.8%. Paris +1.6%. Frankfurt +1.3%. [View news story]
Stunning turnaround in Europe ... they're thriving over there.
They used the same formula to calculate their PMI's etc as they did passing 90+ banks in tomorrow's stress tests : )
Coca-Cola (KO): Q2 EPS of $1.06 beats by $0.03. Revenue of $8.7B (+4.9%) in-line. Shares +1.2% premarket. (PR) [View news story]
Stanley Works (SWK): Q2 EPS of $1.24 beats by $0.46. Revenue of $2.36B (+157.4%) vs. $2.25B. (PR) [View news story]
Q3 is off to a flyer : )
2-3% Intraday Trade Now the Norm [View article]
Overseas: Japan closed. Hong Kong -0.8%. China +2.1%. India -0.1%. London +0.2%. Paris +0.3%. Frankfurt +0.2%. [View news story]
China is interesting. That's twice now (rumored of course) that the Government has defended 2400. On Friday it got a big kick late in the day to get it over and today the Premier was chirping away and locals liked what they heard.
London is at least 1% off it's early lows. Hey, the last time Moodys cut a rating, the market went up 3%, Spain last week. Perhaps that's why the local markets have gone up a shade. Moving lower for a cut in a Countries credit rating is so last month : )