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Daily Market Commentary for July 26, 2010
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Fed Ex Shipping
Fed Ex Shipping Company raised its
quarterly and yearly outlook, giving stocks a boost this morning. Fed Ex is
expecting to see profits between $1.05 and $1.25 per share, upwardly revised
from the $0.85 to $1.05 per share they were expecting to earn. The Delivery
giant said they raised their outlooks due to a higher demand for ground express
deliveries. Not only does the company see the
quarter looking better than expected, they also raised their yearly outlook. Fed
Ex said over the year they expect to earn between $4.60 and $5.20 per share,
previous estimates were $4.40 to $5.00 per share. Fed Ex is look at as a gauge
of economic activity; typically when companies such as Fed Ex and UPS raise
outlooks, it shows a higher demand for shipping which means more people are
buying. Fed ex expects to see the economy, along with the global economy
continue to recover throughout the year. FedEx chief financial officer Alan
Graf, said in a statement, "Our revenue and earnings growth are exceeding
original expectations, primarily due to better-than-expected growth in FedEx
Express and FedEx Ground volumes." Today's report on new home sales had
investors pleased. It was reported that new home sales rose to a seasonally
adjusted annual unit rate of 330,000 in June, a much needed improvement from a
reading of 267,000 in May. June's reading topped analysts' expectations of a
rise to 310,000. Stocks rose on the news in the morning part of the session, but
in afternoon trading stocks started falling. The Dow went from a gain of over 70
points, to a gain of 50 points with just over an hour left in the session.
Investors will be tuning into this week's earnings to see where the economy is
at and where it could be heading. At the end of the trading session, Commodity
prices were mixed; gold fell $4.70 to $1,183.00 and crude oil was unchanged at
$78.98 per barrel.
Economic data released today:
New Home Sales:
U.S. May New Home Sales Unrevised at 300K; U.S. May New Home Sales Revised
to 267K from 300K; U.S. June New Home Sales rose 23.6% to 330K; Compared to
Consensus of 311K.
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 98.62 points, EOD 10,523.24
NYSE (New York Stock
Exchange) gain 79.74, EOD 7,044.85
National Association of Securities Dealers Automated Quotations (NASDAQ)
gain 25.91 points, EOD 2,295.38
S&P 500 (SPX) gain 12 points, EOD 1,114.66
BEL 20 (BEL20) gain 25.68 points, EOD 2,531.75
CAC 40 (CAC40) gain 29.13 points, EOD 3,636.18
FTSE100 (UKX100) gain 38.5 points, EOD 5,351.12
NIKKEI 225 (NIK/O) gain 72.7 points, EOD 9,503.66
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 2,463, declined stock prices 641, unchanged stock
prices 80, stock prices hitting new highs 242 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:
FDX gain 4.33, HOD 83.64, LOD 82.00, EOD 83.29; MA shed 0.06, HOD 217.05,
LOD 211.40, EOD 212.88; CME shed 3.30, HOD 287.75, LOD 282.00, EOD 283.26; ACV
gain 1.50, HOD 31.49, LOD 26.64, EOD 30.90; ROP gain 1.40, HOD 65.17, LOD 62.01,
EOD 63.41; ONB gain 0.18, HOD 10.83, LOD 10.32, EOD 10.75; FLR gain 0.81, HOD
47.96, LOD 46.62, EOD 47.85
National Association of Securities Dealers Automated Quotations (NASDAQ) stock
market indicators for the trading session today:
Advanced stock prices 2,064, declined stock prices 667, unchanged stock
prices 89, stock prices hitting new highs 119 and stock prices hitting new lows
27. 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: GENZ gain 4.86, HOD 67.85, LOD 64.80, EOD
67.38; AMZN shed 0.47, HOD 118.60, LOD 114.88, EOD 118.40; ONXX gain 4.54, HOD
26.19, LOD 23.27, EOD 26.04; AAPL shed 0.66, HOD 260.10, LOD 257.71, EOD 259.28;
UPRO gain 4.52, HOD 143.53, LOD 138.32, EOD 143.28; ISRG gain 6.14, HOD 344.59,
LOD 333.20, EOD 340.51; SOHU gain 1.05, HOD 47.54, LOD 45.44, EOD 46.09.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 276, declined stock prices 194, unchanged stock
prices 39, stock prices hitting new highs 12 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 1111.00; Change 10.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,887.00; Change 13.25
E-mini DOW $5 (YM) Mar 10: EOD 10,473; Change 87
E-mini S&P MidCap 400 (MF) Mar 10: EOD 775.40; Change 13.30
Nikkei 225 (Yen) Mar 10: EOD 9,535; Change 30
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.7693 to U.S. Dollars 1.3000
Japanese Yen 86.8750 to U.S. Dollars 0.0115
British Pound 0.6456 to U.S. Dollars 1.5500
Canadian Dollar 1.0338 to U.S. Dollars 0.9691
Swiss Franc 1.0483 to U.S. Dollars 0.9537
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 10) unchanged, EOD $78.98 per barrel ($US per barrel)
Heating Oil (August 10)shed $0.00, EOD $2.04 a gallon ($US per gallon)
Natural Gas (August 10) gain $0.03, EOD $4.61 per million BTU ($US per mmbtu.)
Unleaded Gas (August 10) shed $0.01, EOD $2.10 gallon ($US per gallon)
Metals Markets - Comex:
Gold (July 10) shed $4.70, EOD $1,183.00 ($US per Troy ounce)
Silver (July 10) gain $0.09, EOD $18.20 ($US per Troy ounce)
Platinum (July 10) gain $14.00, EOD $1,552.70 ($US per Troy ounce)
Copper (July 10) gain $0.04, EOD $3.22 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 10) shed $1.22, EOD $82.00
Pork Bellies (July 10) unchanged, EOD $119.50
Live Cattle (August 10) shed $0.77, EOD $92.65
Feeder Cattle (August 10) shed $0.22, EOD $114.95
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) shed $7.25, EOD $364.00
Soybeans (August 10) shed $18.75, EOD $998.25
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 |
|
| |
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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