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Daily Market Commentary for February 4, 2010
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Retailers
Retailers were happy to see consumers
shopping in January. Sales tracker Thomson Reuters, who watches sales for 30
chain stores said same-store sales in January rose 3.3% compared to a 5.7% loss
last year; analysts were expecting to see a 2.5% gain. Analysts say the rise in
January sales is partially due to consumers using gift cards and taking
advantage of clearance items, however we have seen these numbers rise over the
past five months. Investors are wondering if this means consumer spending is
starting to recover, consumer spending suffered over the last year during the
economic downfall. Stores to see an improvement in sales were; Costco, who saw
an increase in sales by 8%, better than the 7.8% analysts' forecasted. Limited
Brands, which owns Victoria's Secret and Bath & Body Works saw a 6% rise in
same-store sales, analysts were expecting to see a rise by only 0.5%. Macy's
raised its' forecast to between $1.35-$1.37 in the fourth-quarter after the
retailer saw a 3.4% increase from last year's sales. Luxury department store
Nordstrom saw a 14% increase in sales, well above the 10% analysts' forecasted.
Some stores are still having a hard time getting sales to rise; department chain
J.C. Penny was one of the stores to suffer a decline in sales this month. Teen
apparel store Wet Seal saw a 3.7% decline in sales, and hot Topic saw sales fall
13% in January. Overall, economists were happy to see that retailers did well in
January, hopefully the numbers will continue to rise signaling the recession is
in fact over.
Cisco reported earnings of $1.85 billion, or $0.32 a share, up from $1.5
billion, or $0.26 a share, in the fourth-quarter a year ago. Revenue rose to
$9.8 billion from $9.1 billion, analysts expected to see a revenue of $9.4
billion. Stocks fell in the trading session, the Dow was down 200 points
mid-day. Bond prices rose, the yield on the benchmark 10-year note fell to 3.59
from 3.60 Wednesday. Commodity prices fell; gold fell $48.00 to $1,064.00 an
ounce, crude oil fell $3.97 to $73.01.
Economic data released today:
Initial Jobless Claims:
U.S. Jobless Claims rose 8K to 480K in Week of January 30; Compared to
Survey of a decrease by 10K; U.S. January 23 Week Continuing Claims rose 2K to
4,602,000; U.S. January 23 Week Jobless Claims Revised to 472K from 470K.
Nonfarm Productivity:
U.S. 3Q Non-Farm Productivity Revised to rise by 7.2%; U.S. 4Q Non-Farm
Productivity rose 6.2%; compared to Consensus of an increase by 7.0%.
Unit Labor Costs:
U.S. 3Q Unit Labor Costs Revised to fall 1.5%; U.S. 4Q Unit Labor Costs fell
4.4%; Compared to Consensus of a decrease by 3.5%.
Factory Orders:
U.S. Factory Orders rose 1.0% in December; Compared to Consensus of an
increase by 0.3%; December Factory Orders, Excluding Transportation, rose 1.2%;
December Factory Orders, Excluding Defense, rose 1.0%; December Durable Goods
Revised to rise 1.0% from an increase by 0.3%; November Factory Orders Revised
to rise 1.0% from an increase by 1.1%; December Factory Inventories fell 0.1%;
Non-Durable Inventories rose 0.1%.
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 264.36 points, EOD 10,006.19
NYSE (New York Stock
Exchange) shed 254.76, EOD 6,787.86
National Association of Securities Dealers Automated Quotations (NASDAQ)
shed 63.2 points, EOD 2,127.71
S&P 500 (SPX) shed 33.67 points, EOD 1,063.61
BEL 20 (BEL20) shed 74.76 points, EOD 2,454.90
CAC 40 (CAC40) shed 104.22 points, EOD 3,689.25
FTSE100 (UKX100) shed 113.84 points, EOD 5,139.31
NIKKEI 225 (NIK/O) shed 15.33 points, EOD 10,355.98
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 294 declined stock prices 2,866, unchanged stock
prices 41, stock prices hitting new highs 38 and stock prices hitting new lows
16. 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: CME shed 22.82, HOD
286.50, LOD 265.75, EOD 269.29; MA shed 25.47, HOD 235.53, LOD 220.89, EOD
222.11; DO shed 5.99, HOD 94.81, LOD 89.50, EOD 89.79; RTP shed 12.34, HOD
201.33, LOD 192.09, EOD 192.93; DLB gain 0.90, HOD 53.32, LOD 50.20, EOD 50.93;
V shed 0.47, HOD 86.18, LOD 82.80, EOD 83.05; FAS shed 8.52, HOD 70.62, LOD
63.50, EOD 63.60; EDC shed 14.99, HOD 107.19, LOD 96.55, EOD 97.70; POT shed
5.89, HOD 106.30, LOD 101.15, EOD 101.89.
National Association of Securities Dealers Automated Quotations (NASDAQ)
stock market indicators for the trading session today:
Advanced stock prices 389, declined stock prices 2,346, unchanged
stock prices 86, stock prices hitting new highs 20 and stock prices hitting new
lows 53. 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: AAPL shed 7.18, HOD 198.10, LOD
191.59, EOD 192.05; ISRG shed 11.04, HOD 333.71, LOD 321.20, EOD 321.20; OTEX
gain 2.88, HOD 5.42, LOD 43.19, EOD 43.43; DBTK shed 2.15, HOD 8.53, LOD 7.76,
EOD 8.10; STLD shed 1.13, HOD 15.44, LOD 14.71, EOD 14.79; MSTR shed 17.61, HOD
86.21, LOD 77.79, EOD 79.03; AMAG shed 7.13, HOD 43.29, LOD 37.70, EOD 38.12.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 110, declined stock prices 403, unchanged stock
prices 35, stock prices hitting new highs 5 and stock prices hitting new lows
9.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1062.25; Change -34.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,733.50; Change -52.00
E-mini DOW $5 (YM) Mar 10: EOD 9974; Change -267
E-mini S&P MidCap 400 (MF) Mar 10: EOD 696.10; Change -24.60
Nikkei 225 (Yen) Mar 10: EOD 10,010; Change -430
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.7277 U.S. Dollars 1.3741
Japanese Yen 88.9300 to U.S. Dollars 0.0112
British Pound 0.6348 to U.S. Dollars 1.5754
Canadian Dollar 1.0725 to U.S. Dollars 0.9324
Swiss Franc 1.0656 to U.S. Dollars 0.9384
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 10) shed $3.97, EOD $73.01 per barrel ($US per barrel)
Heating Oil (March 10) shed $0.08, EOD $1.94 a gallon ($US per gallon)
Natural Gas (March 10) gain $0.02 EOD $5.44 per million BTU ($US per mmbtu.)
Unleaded Gas (March 10) shed $0.09 EOD $1.95 gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 10) shed $48.00, EOD $1,064.00 ($US per Troy ounce)
Silver (March 10) shed $0.99, EOD $15.35 ($US per Troy ounce)
Platinum (April 10) shed $75.60, EOD $1,502.70 ($US per Troy ounce)
Copper (March 10) shed $0.10, EOD $2.88 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) shed $0.15, EOD $66.93
Pork Bellies (May 10) shed $1.35, EOD $80.75
Live Cattle (April 10) shed $0.03, EOD $90.08
Feeder Cattle (March 10) shed $0.15, EOD $97.25
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 10) gain $2.00, EOD $354.00
Soybeans (March 10) gain $7.00, EOD $914.00
BOND MARKET:
2 year EOD 100 4/32, change 5/42, Yield 0.80, Yield change -0.07
5 year EOD 99 26/32, change 17/32, Yield 2.28 Yield change -0.12
10 year EOD 98 6/32, change 29/32, Yield 3.59 Yield change -0.11
30 year EOD 97 16/32, change -1 24/32, Yield 4.52, change -0.11
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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
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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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