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Daily Market Commentary for February 3, 2010
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Pfizer
Pfizer reported a 34% rise in revenue for
the fourth-quarter. Wednesday, the pharmaceutical company announced that revenue
in the fourth-quarter hit $16.54 billion, up from the $12.35 billion the company
earned in the fourth-quarter of 2008. Pfizer paid $68 billion to acquire
pharmaceutical company Wyeth on October 15, the companies largest acquisition
yet to date; products Wyeth made consisted of, pain relievers Advil, Anacin,
Centrum vitamins and various vaccinations. Pfizer said so far Wyeth products
accounted for $3.3 billion of fourth-quarter sales; in order to increase
revenue, Pfizer has already eliminated 4,200 jobs and plans on cutting costs
further. Overall in the quarter, prescription drugs sales and vaccination sales
were up 30%, totaling $14.61 billion. Pfizer is predicting revenue for the year
to be between $67 billion to $69 billion and earnings of $0.95 a share $1.10,
analysts are predicting revenue of $67.5 billion, and they expect earnings to be
higher than the company forecasted at $2.27 a share. Overall for 2009, Pfizer
reported a net income of $8.64 billion, up 7% from last year. Shares of the
company fell to $18.75 in premarket trading.
Stocks couldn't continue the rallies of the past two days, with news that the
service sector didn't rise as much as expected in January. AOL reported net
income of $1.4 million, up from a loss of $1.9 billion last year; analysts'
forecasted sales of $700 million. Time Warner reported sales and earnings rose
from last year's fourth quarter; the company showed earnings of $627 million, or
$0.53 a share, analysts' forecasted earnings of $0.52 a share. News Corp.
reported fiscal-second-quarter net income of $284 million, or $0.10 a share, up
from the net loss of $6.4 billion, or $2.45 per share, in the same period last
year. Revenue rose 10% to $8.7 billion, beating analysts' forecast of $8.2
billion. Bond prices fell, the yield on the benchmark 10-year note rose to 3.69
from 3.63 Tuesday. Commodity prices also fell; gold fell $5.60 to $1,112.40 an
ounce and crude oil fell $0.25 to $76.98 a barrel.
Economic data released today:
MBA Mortgage Applications:
U.S. MBA Market Index rose 21.0% at 620.7; Last Week 513.0; U.S. MBA
Purchase Index rose 10.3% at 237.8; Last Week 215.6; U.S. MBA Refinance Index
rose 26.3% at 2854.8; Last Week 2260.4.
ADP Nonfarm Employment Change:
ADP Sees January U.S. Private Sector Jobs decreasing by 22,000; ADP January
U.S. Private Sector Jobs Expected to decrease by 30,000; ADP National Employment
Report Shows U.S. Employment Decreased by 22,000 Private Sector Jobs in January.
U.S. ISM [Institute for Supply Management Non-Manufacturing:
ISM January Non-Manufacturing PMI 50.5 versus December 49.8; ISM January
Non-Manufacturing PMI Expected 51.0; ISM January Non-Manufacturing Business
Index 52.2 versus December 53.2; ISM January Non-Manufacturing Employment Index
44.6 versus December 43.6; ISM January Non-Manufacturing Prices Index 61.2
versus December 59.6; ISM January Non-Manufacturing New Orders Index 54.7 versus
December 52.0.
Crude Oil Inventories released by Department of Energy [DOE]:
U.S. Crude Oil Stockpiles rose 2.317 Million Barrels at 328.994 Million
Barrels; U.S. Crude Oil Stockpiles rose 2.317 Million Barrels in Week; Was Seen
at Unchanged; U.S. Gasoline Stockpiles fell 1.306 Million Barrels at 228.121
Million Barrels; U.S. Gasoline Stockpiles fell 1.306 Million Barrels in Week;
Was Seen increasing by 1 Million Barrels; U.S. Distillate Stockpiles fell 0.948
Million Barrels at 156.548 Million Barrels; U.S. Distillate Stockpiles fell
0.948 Million Barrels in Week; Was Seen decreasing by 0.8 Million Barrels; U.S.
Refineries Ran at 77.7% capacity versus 78.45% Week Ago; U.S. Refineries Ran at
77.7% capacity; Was Seen at 78.50%.
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) shed 27.81 points, EOD 10,269.04
NYSE (New York Stock
Exchange) shed 58.82, EOD 7,042.62
National Association of Securities Dealers Automated Quotations (NASDAQ)
gain 0.63 points, EOD 2,190.69
S&P 500 (SPX) shed 6.26 points, EOD 1,097.06
BEL 20 (BEL20) shed 17.45 points, EOD 2,529.66
CAC 40 (CAC40) shed 18.66 points, EOD 3,793.47
FTSE100 (UKX100) shed 30.16 points, EOD 5,253.15
NIKKEI 225 (NIK/O) shed 27.45 points, EOD 10,404.33
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 1,193 declined stock prices 1,896, unchanged stock
prices 99, stock prices hitting new highs 95 and stock prices hitting new lows
5. 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: TSO shed 0.72, HOD
12.58, LOD 12.08, EOD 12.26; CEO gain 7.18, HOD 161.36, LOD 156.49, EOD 157.92;
POT gain 3.32, HOD 109.30, LOD 106.16, EOD 107.78; IOC shed 3.67, HOD 68.16, LOD
62.57, EOD 62.98; FAS shed 2.34, HOD 74.70, LOD 71.61, EOD 72.12; GS gain 0.29,
HOD 159.94, LOD 157.11, EOD 157.23; BDK gain 2.54, HOD 72.60, LOD 69.22, EOD
71.29; FCX shed 2.05, HOD 73.19, LOD 69.65, EOD 70.46; TM shed 4.69, HOD 76.24,
LOD 71.90, EOD 73.49; RL shed 7.16, HOD 81.21, LOD 76.90, EOD 78.51; LEA gain
2.96, HOD 74.15, LOD 70.75, EOD 73.92.
National Association of Securities Dealers Automated Quotations (NASDAQ)
stock market indicators for the trading session today:
Advanced stock prices 1,101, declined stock prices 1,551, unchanged
stock prices 161, stock prices hitting new highs 46 and stock prices hitting new
lows 24. 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: BIDU gain 23.60, HOD 450.99, LOD
435.00, EOD 449.78; APKT gain 2.92, HOD 14.01, LOD 12.45, EOD 13.59; AUXL gain
4.88, HOD 33.00, LOD 30.02, EOD 32.96; AMZN gain 0.98, HOD 119.61, LOD 116.56,
EOD 119.10; AAPL gain 3.37, HOD 200.02, LOD 194.42, EOD 199.23; NETL gain 6.15,
HOD 50.65, LOD 48.37, EOD 49.48.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 211, declined stock prices 276, unchanged stock
prices 43, stock prices hitting new highs 13 and stock prices hitting new lows
n/a.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1095.75; Change -1.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,784.25; Change 15.25
E-mini DOW $5 (YM) Mar 10: EOD 10,238; Change 14
E-mini S&P MidCap 400 (MF) Mar 10: EOD 717.70; Change -2.30
Nikkei 225 (Yen) Mar 10: EOD 10,455; Change 35
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.7196 U.S. Dollars 1.3896
Japanese Yen 90.9500 to U.S. Dollars 0.0110
British Pound 0.6290 to U.S. Dollars 1.5898
Canadian Dollar 1.0623 to U.S. Dollars 0.9414
Swiss Franc 1.0590 to U.S. Dollars 0.9443
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 10) shed $0.25, EOD $76.98 per barrel ($US per barrel)
Heating Oil (March 10) shed $0.01, EOD $2.02 a gallon ($US per gallon)
Natural Gas (March 10) shed $0.05 EOD $5.41 per million BTU ($US per mmbtu.)
Unleaded Gas (March 10) gain $0.02 EOD $2.04 gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 10) shed $5.60, EOD $1,112.40 ($US per Troy ounce)
Silver (March 10) shed $0.16, EOD $16.58 ($US per Troy ounce)
Platinum (April 10) shed $0.40, EOD $1,578.40 ($US per Troy ounce)
Copper (March 10) shed $0.11, EOD $2.98 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) gain $0.23, EOD $67.08
Pork Bellies (May 10) gain $1.30, EOD $82.10
Live Cattle (April 10) gain $0.23, EOD $90.10
Feeder Cattle (March 10) gain $0.18, EOD $97.40
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 10) shed $11.25, EOD $353.00
Soybeans (March 10) shed $15.25, EOD $908.00
BOND MARKET:
2 year EOD 99 31/32, change -2/42, Yield 0.87, Yield change 0.02
5 year EOD 99 9/32, change -6/32, Yield 2.40 Yield change 0.04
10 year EOD 97 11/32, change -15/32, Yield 3.70 Yield change 0.06
30 year EOD 95 30/32, change -1 4/32, Yield 4.62, change 0.07
Access upcoming scheduled economic data anytime by viewing the
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Top of the page | |
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Total for Year |
Last Week |
$296,530.00 |
$11,526.00 |
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Total for Year |
Last Week |
$184,983.71 |
$7,197.50 |
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| |
Total for Year |
Last Week |
$407,600.00 |
$13,100.00 |
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| |
Total for Year |
Last Week |
$344,560.00 |
$20,460.00 |
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Total for Year |
Last Week |
$0.00 |
$0.00 |
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