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Daily Market Commentary for January 28, 2010
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Toyota Recall
Toyota recall has now expanded by 1.1 million more automobiles. Toyota's
latest recall is separate from one reported last week, last week's recall
affected 2.3 million vehicles due to accelerator pedals sticking, not related to
floor mats; models included, 2007-2010 Toyota Camry, 2005-2010 Avalon, 2004-2009
Prius, 2010 Tacoma, 2007-2010 Tundra and the 2007-2010 Lexus ES350, 2006-2010
and the 2006-2010 IS250 and IS350. The latest recall is reportedly due to gas
pedals getting caught on the edge of the floor mat causing the vehicle to
accelerate uncontrollably, like the recall in late 2009; owners are supposed to
call a Toyota dealer right away and stop driving the vehicle if they experience
slowness or sticking in the gas pedal. Affected Models are the 2005-2010 Avalon;
2009-2010 Corolla, Matrix, Pontiac Vibe and the RAV4; 2010 Highlander; the
2008-2010 Sequoia; 2007-2010 Tundra trucks and some 2007-2010 Camry's. Now
recalls are being broadened to China and Europe; Toyota announced they will
recall 75,500 RAV4 SUVs' that were manufactured in China between March
2009 and January 2010 for the same problem, the recall will take effect in
February. Toyota is unsure of the number of vehicles being recalled in Europe at
this time, in a statement Toyota said, "a running change in production using
different parts has already been implemented model-by-model in the European
production, therefore there is no need or intention to stop production in
Europe." These recalls are hurting the #1 automaker, analysts estimate that
Toyota could face as much as $500 million a week in losses until the problem is
fixed, in the statement the automaker sad the will replace gas pedals and floor
mats on affected vehicles.
In corporate news; 3M reported strong fourth quarter earnings, they earned $935
million, or $1.30 a share in the fourth quarter, up from $536 million, or $0.77
a share in the fourth quarter a year-ago. Wall Street was looking for $1.20 per
share, as far as a 2010 outlook, the company raised earning forecasts to $4.90 -
$5.10 a share. Ford also reported strong earnings, the automaker said they
earned $2.7 billion in 2009 or $0.86 a share, analysts expected a loss of $0.31
a share. This is the first time since 2005 that Ford has seen a profitable year,
the company said in the fourth quarter they earned $0.43 a share, up from the
$1.40 they lost in the fourth quarter a year ago. Procter & Gamble reported they
will earn an adjusted profit of $3.53 to $3.63 in 2010, results were better than
analysts expected; the company said a higher profit was due to cost cuts the
company made. Stocks were falling in today's trading session, the Dow was down
almost 90 points by mid morning. Bond prices fell, the yield on the benchmark
10-year note rose to 3.66 from 3.58 Wednesday. Commodities rose today after days
of losses; gold fell $1.20 to $1,084.50 an ounce as crude oil rose $0.22 to
$73.89 a barrel.
Chicago Fed: December National Activity Index fell 0.61 versus November
decrease by 0.39; December NAI 3-Month Moving Average fell 0.61 versus November
decrease by 0.68.
Economic data released today:
Durable Goods Orders:
U.S. December Durable Goods Orders rose 0.3%; compared to consensus of an
increase by 2.0%; December Durable Goods Orders, Ex-Transportation, rose 0.9%;
December Durable Goods Orders, Ex-Defense, rose 0.3%; November Durable Goods
Orders Revised to fell 0.4% from a decrease by 0.7%.
Initial Jobless Claims:
U.S. Jobless Claims fell 8K to 470K in January 23 week; compared to survey
of a decrease by 32K; U.S. January 16 Week Continuing Claims fell 57K to
4,602,000; U.S. January 16 Week Jobless Claims Revised to 478K from 482K.
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 104.67 points, EOD 10,131.49
NYSE (New York Stock
Exchange) shed 78.62, EOD 6,956.99
National Association of Securities Dealers Automated Quotations (NASDAQ)
shed 41.58 points, EOD 2,179.83
S&P 500 (SPX) shed 12.37 points, EOD 1,085.13
BEL 20 (BEL20) shed 7.16 points, EOD 2,486.51
CAC 40 (CAC40) shed 71.01 points, EOD 3,688.79
FTSE100 (UKX100) shed 71.73 points, EOD 5,145.17
NIKKEI 225 (NIK/O) gain 87.97 points, EOD 10,414.29
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 851 declined stock prices 2,272, unchanged stock
prices 92, stock prices hitting new highs 56 and stock prices hitting new lows
10. 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 3.82, HOD
300.00, LOD 289.26, EOD 290.51; FAS shed 1.19, HOD 74.16, LOD 68.59, EOD 70.97;
EDC shed 2.36, HOD 113.73, LOD 104.21, EOD 107.29; POT shed 5.03, HOD 106.00,
LOD 101.00, EOD 104.49; MA shed 6.88, HOD 257.95, LOD 245.83, EOD 249.45; HRS
shed 2.46, HOD 48.09, LOD 43.04, EOD 44.34; KEX shed 2.43, HOD 34.73, LOD 32.18,
EOD 33.55.
National Association of Securities Dealers Automated Quotations (NASDAQ)
stock market indicators for the trading session today:
Advanced stock prices 776, declined stock prices 1,938, unchanged
stock prices 101, stock prices hitting new highs 41 and stock prices hitting new
lows 20. 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: NFLX gain 12.07, HOD 63.85, LOD
60.73, EOD 63.04; TTEK shed 4.32, HOD 21.49, LOD 19.51, EOD 20.75; AAPL shed
8.59, HOD 205.50, LOD 198.70, EOD 199.29; CTXS gain 0.73, HOD 43.98, LOD 40.48,
EOD 42.71; BIDU shed 6.51, HOD 429.00, LOD 417.02, EOD 417.85; AMZN gain 3.28,
HOD 127.20, LOD 122.80, EOD 126.03; FSLR gain 0.21, HOD 115.78, LOD 112.07, EOD
114.35; GMCR gain 7.58, HOD 88.15, LOD 82.70, EOD 87.60; ALGN gain 1.34, HOD
19.25, LOD 17.99, EOD 18.03; TSCO shed 0.72, HOD 53.50, LOD 51.21, EOD 51.50.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 219, declined stock prices 294, unchanged stock
prices 42, stock prices hitting new highs 10 and stock prices hitting new lows
7.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1083.00; Change -11.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,772.00; Change -37.00
E-mini DOW $5 (YM) Mar 10: EOD 10,092; Change -103
E-mini S&P MidCap 400 (MF) Mar 10: EOD 711.60; Change -7.70
Nikkei 225 (Yen) Mar 10: EOD 10,300; Change -15
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.7158 U.S. Dollars 1.3971
Japanese Yen 89.8600 to U.S. Dollars 0.0111
British Pound 0.6200 to U.S. Dollars 1.6129
Canadian Dollar 1.0660 to U.S. Dollars 0.9381
Swiss Franc 1.0518 to U.S. Dollars 0.9508
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 10) gain $0.22, EOD $73.89 per barrel ($US per barrel)
Heating Oil (March 10) unchanged $0.00, EOD $1.93 a gallon ($US per gallon)
Natural Gas (March 10) shed $0.05 EOD $5.17 per million BTU ($US per mmbtu.)
Unleaded Gas (February 10) shed $0.01 EOD $1.93 gallon ($US per gallon)
Metals Markets - Comex:
Gold (February 10) shed $1.20, EOD $1,084.50 ($US per Troy ounce)
Silver (March 10) shed $0.23, EOD $16.21 ($US per Troy ounce)
Platinum (April 10) gain $24.40, EOD $1,516.50 ($US per Troy ounce)
Copper (March 10) shed $0.12, EOD $3.10 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) gain $0.45, EOD $69.40
Pork Bellies (February 10) shed $0.30, EOD $81.40
Live Cattle (April 10) gain $0.23, EOD $89.28
Feeder Cattle (March 10) shed $0.05, EOD $98.48
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 10) gain $3.50, EOD $361.75
Soybeans (March 10) gain $2.75, EOD $931.75
BOND MARKET:
2 year EOD 99 31/32, change 2/32, Yield 0.87, Yield change -0.04
5 year EOD 99 8/32, change -1 26/32, Yield 2.40 Yield change 0.01
10 year EOD 97 20/32, change -4/32, Yield 3.66 Yield change 0.01
30 year EOD 96 25/32, change -5/32, Yield 4.57, change 0.01
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Top of the page | |
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Total for Year |
Last Week |
$336,904.00 |
$7,970.00 |
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Total for Year |
Last Week |
$123,350.71 |
$5,180.00 |
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| |
Total for Year |
Last Week |
$329,900.00 |
$12,550.00 |
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| |
Total for Year |
Last Week |
$409,730.00 |
$7,770.00 |
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Total for Year |
Last Week |
$0.00 |
$0.00 |
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News & Commentary
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Stocks Trading Room Performance for September 1, 2010
Futures Trading Room Performance for September 1, 2010
Forex Trading Room Performance for September 1, 2010
Daily Swing Trades Performance for September 1, 2010
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