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Daily Market Commentary for July 23, 2010
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Ford Vehicles
With more people buying revamped Ford
vehicles, the automaker reported better than expected earnings. Ford reported
earnings of $2.7 billion, or $0.68 per share in the second quarter, making it
the best quarter in six years. Analysts' were expecting the company to earn
$0.40 per share; this is the fourth straight quarter the company posted profits.
Revenue rose to $31.3 billion, up 17% from the $26.8 billion a year ago. Ford
CEO Alan Mulally said in a statement today, "We are ahead of where we thought we
would be despite the still-challenging business conditions, we remain on track
to deliver solid profits and positive automotive operating-related cash flow for
2010, and we expect even better financial results in 2011." People are happy to
see for succeed; they were the only major U.S. automaker to not receive any
funding in 2009. Ford suffered four years worth of losses; last year alone the
automaker lost $638 million in operating losses. Other major companies to report
earnings today were American Express, who reported second quarter earnings of $1
billion, or $0.84 a share, beating analysts' expectations. Microsoft also
reported better than expected earnings for the quarter. They reported revenue of
$16.04 billion, or $0.51 per share; analysts were expecting earnings of $0.46
per share. Stocks were falling early in the session, but managed to gain just
over 90 points. The Dow was up 93 points with a half hour left in the trading
week. Commodity prices were mixed; gold fell
$7.80 to $1,187.70 and crude oil fell $0.32 to $78.98 per barrel.
Economic data released today: N/A
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) gain 94.03 points, EOD 10,416.03
NYSE (New York Stock
Exchange) shed 106.06, EOD 6,972.47
National Association of Securities Dealers Automated Quotations (NASDAQ)
gain 22.99 points, EOD 2,268.88
S&P 500 (SPX) gain 8.9 points, EOD 1,102.57
BEL 20 (BEL20) gain 4.66 points, EOD 2,506.07
CAC 40 (CAC40) gain 6.48 points, EOD 3,607.05
FTSE100 (UKX100) shed 1.19 points, EOD 5,312.62
NIKKEI 225 (NIK/O) triple digit gain 210.08 points, EOD 9,430.96
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 2,460, declined stock prices 629, unchanged stock
prices 90, stock prices hitting new highs 188 and stock prices hitting new lows
21. 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:
ALV gain 1.25, HOD 55.38, LOD 54.21, EOD 55.35; BEC shed 12.55, HOD 48.35,
LOD 45.23, EOD 47.35; CME gain 4.34, HOD 287.69, LOD 279.97, EOD 286.06.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock
market indicators for the trading session today:
Advanced stock prices 2,046, declined stock prices 600, unchanged stock
prices 136, stock prices hitting new highs 78 and stock prices hitting new lows
40. 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 1.07, HOD 119.28, LOD 105.80, EOD
119.00; NFLX gain 4.04, HOD 108.75, LOD 102.21, EOD 107.60; AAPL gain 0.93, HOD
260.38, LOD 256.28, EOD 259.95; WOOF shed 2.24, HOD 21.15, LOD 19.77, EOD 20.71;
ISRG gain 17.39, HOD 334.86, LOD 315.93, EOD 334.37; ALGN gain 2.29, HOD 17.50,
LOD 15.86, EOD 17.12; CPWR shed 0.34, HOD 8.24, LOD 7.83, EOD 8.21.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 301, declined stock prices 158, unchanged stock
prices 42, stock prices hitting new highs 12 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 1099.00; Change 11.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,873.25; Change 20.50
E-mini DOW $5 (YM) Mar 10: EOD 10,373; Change 106
E-mini S&P MidCap 400 (MF) Mar 10: EOD 762.00; Change 12.80
Nikkei 225 (Yen) Mar 10: EOD 9,525; Change 180
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.7743 to U.S. Dollars 1.2900
Japanese Yen 87.3350 to U.S. Dollars 0.0114
British Pound 0.6484 to U.S. Dollars 1.5400
Canadian Dollar 1.0371 to U.S. Dollars 0.9645
Swiss Franc 1.0531 to U.S. Dollars 0.9493
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 10) shed $0.32, EOD $78.98 per barrel ($US per barrel)
Heating Oil (August 10) shed $0.01, EOD $2.05 a gallon ($US per gallon)
Natural Gas (August 10) shed $0.06, EOD $4.58 per million BTU ($US per mmbtu.)
Unleaded Gas (August 10) shed $0.02, EOD $2.12 gallon ($US per gallon)
Metals Markets - Comex:
Gold (July 10) shed $7.80, EOD $1,187.70 ($US per Troy ounce)
Silver (July 10) shed $0.01, EOD $18.10 ($US per Troy ounce)
Platinum (July 10) gain $13.30, EOD $1,538.70 ($US per Troy ounce)
Copper (July 10) gain $0.02, EOD $3.18 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 10) gain $0.60, EOD $83.23
Pork Bellies (July 10) gain $3.50, EOD $119.50
Live Cattle (August 10) gain $0.10, EOD $93.42
Feeder Cattle (August 10) gain $0.27, EOD $115.18
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) shed $5.25, EOD $371.25
Soybeans (August 10) gain $1.00, EOD $1,017.00
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 |
$336,904.00 |
$7,970.00 |
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Total for Year |
Last Week |
$123,350.71 |
$5,180.00 |
|
| |
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
Daily Market Commentary for September 2, 2010
Stocks Trading Room Performance for September 2, 2010
Futures Trading Room Performance for September 2, 2010
Forex Trading Room Performance for September 2, 2010
Daily Swing Trades Performance for September 2, 2010
Daily Market Commentary for September 1, 2010
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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