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Daily Market Commentary for February 2, 2010
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UPS
UPS reported that revenue fell 2.5% to
$12.38 billion in 2009. UPS may have seen a fall in revenue, but in the
fourth-quarter of '09 the shipping giant saw earnings rise almost three times
what they were in the fourth-quarter of last year. In the fourth-quarter profit
rose to $757 million, or $0.75 a share; compared to a profit of $254 million, or
$0.25 a share in the fourth-quarter last year, beating analysts' predictions;
UPS said a surge in holiday and international shipments were . Overall, in 2009
UPS' profit fell to $2.15 billion, or $2.14 a share, compared to 2008's profit
of $3 billion, or $2.94 a share, the company expects to see revenue rise once
economic recovery starts to pick up. UPS saw operating profits rise by 27%; also
in the quarter package volume rose by 1.4% to just over 1 billion packages. This
year's week before Christmas delivery volume was better than in 2008, volume was
higher than 22 million packages; the company was also able to make some cut
backs this year. UPS is planning on cutting 1,800 administrative and management
jobs in order to remold it's small package unit, which accounts for 60% of it's
revenue. UPS announced that they are forecasting 2010 earnings at $2.70 to $3.05
a share, analysts predict earnings of around $2.81 a share, shares of the
company were up $0.28 to $58.67 in morning trading.
Dow Chemical reported earnings of $87
million, or $0.08 a share in the fourth quarter, in the fourth-quarter of 2008
the company lost $1.55 billion, or $1.68 a share; sales at Dow Chemical rose 15%
to $12.5 billion. In morning trading shares of the company fell $1.08 to $27.55.
Stocks rose slightly after the National Association of Realtors reported a 1%
rise in sale contracts, in mid-morning trading the Dow was up almost 50 points.
Friday's latest unemployment numbers are the most anticipated economic data to
be released this week. Bond prices rose, the yield on the benchmark 10-year note
fell to 3.63 from 3.65 Monday. Commodities saw gains today as the dollar fell;
gold rose $13.20 to $1,118.20 an ounce and crude oil rose $2.85 to $77.28 a
barrel.
Economic data released today:
Redbook:
U.S. Retail Sales Down 1.5% in January versus December; National chain store
sales fell 1.5% in January, according to Redbook researchers; analysts expected
a 1.2% drop; Redbook Index showed seasonally adjusted sales was up 1% this
quarter from the same period last year; Redbook forecasted year-over-year
same-store growth of 1% and a month-over-month increase of 0.9% in
February; sales for the week were up 0.8% from a year earlier.
Pending Home Sales from National Association of Realtors [NAR]:
U.S. Pending Home Sales Index rose 1.0% to 96.6 in December; U.S. December
Pending Home Sales rose 10.9% from December 2008.
At the NYSE closing bell on the New York Stock Exchange, here is how the major
world indices and major U.S. stock indices ended the trading session on the
world markets as well as the emerging markets including the stock market closing
bell price:
DOW (Dow
Jones Industrial Average) triple digit gain 116.76 points, EOD 10,302.29
NYSE (New York Stock
Exchange) gain 93.21, EOD 7,101.44
National Association of Securities Dealers Automated Quotations (NASDAQ)
gain 18.73 points, EOD 2,189.93
S&P 500 (SPX) gain 14.19 points, EOD 1,103.38
BEL 20 (BEL20) gain 9.4 points, EOD 2,547.11
CAC 40 (CAC40) gain 50.12 points, EOD 3,812.13
FTSE100 (UKX100) gain 35.9 points, EOD 5,283.31
NIKKEI 225 (NIK/O) gain 35.06 points, EOD 10,371.09
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 2,368 declined stock prices 734, unchanged stock
prices 81, stock prices hitting new highs 78 and stock prices hitting new lows
11. NYSE quotes for volatile stocks and market trends, as well as stock quotes,
stock prices and stock symbols of Day Trading Stock Picks on the New York Stock
Exchange stock market for Day Trading online and active Day Trading for those
who are or would like to be Day Trading for a living: RTP gain 4.28, HOD
212.79, LOD 207.37, EOD 210.90; LXK gain 3.21, HOD 30.85, LOD 29.04, EOD 30.01;
DST shed 5.90, HOD 44.34, LOD 39.25, EOD 39.37; APC gain 1.24, HOD 66.49, LOD
63.86, EOD 66.34; WHR gain 6.17, HOD 83.27, LOD 78.85, EOD 82.23; FAS gain 2.15,
HOD 74.99, LOD 72.00, EOD 74.57; CME gain 1.99, HOD 295.72, LOD 288.11, EOD
293.21; GS gain 3.81, HOD 157.50, LOD 153.65, EOD 156.94; IOC gain 3.97, HOD
67.61, LOD 63.00, EOD 66.65; UA gain 0.83, HOD 27.32, LOD 25.73, EOD 26.80; AXE
shed 0.58, HOD 42.39, LOD 38.42, EOD 40.73; RGA shed 0.15, HOD 49.55, LOD 48.06,
EOD 48.97.
National Association of Securities Dealers Automated Quotations (NASDAQ)
stock market indicators for the trading session today:
Advanced stock prices 1,520, declined stock prices 1,180, unchanged
stock prices 131, stock prices hitting new highs 50 and stock prices hitting new
lows 18. NASDAQ quotes, volatile stocks and market trends, as well as stock
quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ
stock market for Day Trading online and active Day Trading for those who are or
would like to be Day Trading for a living: AMZN shed 0.75, HOD 118.98, LOD
114.40, EOD 118.12; AAPL gain 1.13, HOD 196.32, LOD 193.38, EOD 195.86; PCLN
gain 0.22, HOD 205.82, LOD 201.73, EOD 204.42; FSLR shed 0.12, HOD 118.68, LOD
115.29, EOD 117.37; AMSC shed 4.06, HOD 38.79, LOD 35.52, EOD 35.69; BIDU gain
0.52, HOD 428.50, LOD 423.10, EOD 426.18; UTHR gain 1.87, HOD 61.95, LOD 59.06,
EOD 61.46; ISRG gain 6.94, HOD 337.88, LOD 326.63, EOD 335.59; RTEC gain 1.19,
HOD 8.80, LOD 7.45, EOD 7.96.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 322, declined stock prices 183, unchanged stock
prices 48, stock prices hitting new highs 14 and stock prices hitting new lows
3.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1099.00; Change 12.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,773.50; Change 17.75
E-mini DOW $5 (YM) Mar 10: EOD 10,246; Change 109
E-mini S&P MidCap 400 (MF) Mar 10: EOD 721.40; Change 10.10
Nikkei 225 (Yen) Mar 10: EOD 10,455; Change 170
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.7161 U.S. Dollars 1.3964
Japanese Yen 90.3800 to U.S. Dollars 0.0111
British Pound 0.6258 to U.S. Dollars 1.5980
Canadian Dollar 1.0581 to U.S. Dollars 0.9451
Swiss Franc 1.0550 to U.S. Dollars 0.9479
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 10) gain $2.85, EOD $77.28 per barrel ($US per barrel)
Heating Oil (March 10) gain $0.05, EOD $2.01 a gallon ($US per gallon)
Natural Gas (March 10) gain $0.02 EOD $5.46 per million BTU ($US per mmbtu.)
Unleaded Gas (March 10) gain $0.09 EOD $2.02 gallon ($US per gallon)
Metals Markets - Comex:
Gold (March 10) gain $13.20, EOD $1,118.20 ($US per Troy ounce)
Silver (March 10) gain $0.08, EOD $16.74 ($US per Troy ounce)
Platinum (April 10) gain $42.30, EOD $1,581.60 ($US per Troy ounce)
Copper (March 10) gain $0.01, EOD $3.09 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) gain $0.70, EOD $66.85
Pork Bellies (May 10) gain $0.75, EOD $83.00
Live Cattle (April 10) gain $1.18, EOD $89.88
Feeder Cattle (March 10) shed $0.43, EOD $97.30
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 10) gain $6.00, EOD $365.00
Soybeans (March 10) gain $17.25, EOD $925.50
BOND MARKET:
2 year EOD 100 1/32, change 0, Yield 0.85, Yield change 0.00
5 year EOD 99 16/32, change 3/32, Yield 2.35 Yield change -0.02
10 year EOD 97 28/32, change 5/32, Yield 3.63 Yield change -0.02
30 year EOD 97 4/32, change 6/32, Yield 4.55, change -0.01
Access upcoming scheduled economic data anytime by viewing the
Economic Calendar from Millennium-Traders, free access to visitors
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Top of the page | |
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Total for Year |
Last Week |
$130,685.00 |
$9,967.00 |
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| |
Total for Year |
Last Week |
$32,847.50 |
$1,585.00 |
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| |
Total for Year |
Last Week |
$123,550.00 |
$16,250.00 |
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Total for Year |
Last Week |
$106,480.00 |
$9,830.00 |
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Total for Year |
Last Week |
$0.00 |
$0.00 |
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News & Commentary
Daily Market Commentary for March 12, 2010
Stocks Trading Room Performance for March 12, 2010
Futures Trading Room Performance for March 12, 2010
Forex Trading Room Performance for March 12, 2010
Daily Swing Trades Performance for March 12, 2010
Daily Market Commentary for March 11, 2010
Stocks Trading Room Performance for March 11, 2010
Futures Trading Room Performance for March 11, 2010
Forex Trading Room Performance for March 11, 2010
Daily Swing Trades Performance for March 11, 2010
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