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Daily Market Commentary for July 28, 2010
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Boeing
Boeing reported that second quarter
profits were down from last year, but higher than analysts predicted. Boeing
said that second quarter profits came in at $787 million, that's 21% lower than
profits made in the same quarter a year ago.
Profits from that quarter last year were $998 million. Boeing credits the
decline in profits to a decline in deliveries and a fall in defense revenue.
Boeing reported overall revenue $15.57 billion, down from $17.15 billion a year
earlier; analysts were expecting revenue of $16.3 billion. Boeing said
deliveries were down this quarter; they reported 114 commercial aircraft
deliveries, down from the 125 deliveries in the second quarter a year ago.
Revenue on commercial airplanes fell to $7.4 billion, that's a decrease by 12%;
the company also reported operating profits were down to $683 million, or 16%.
Boeing experienced a problem with seats from a Japanese manufacturer, causing
some deliveries to be delayed. Boeing said they have a positive outlook for
2011; CEO Jim McNerney said in a statement, "With our commercial markets
recovering, and the priorities of our government customers gaining clarity, we
remain well positioned for growth in 2011 and beyond." They also already have a
reported $12.8 billion in future orders that they booked at the Farnborough
International Air show. Stocks fell today on news from Boeing, and also on news
that durable goods orders fell. IT was reported this morning that durable goods
orders fell 1% in June, following a decrease by 0.8% in May. Analysts were
surprised by today's report; they thought orders would rise by 1%. Investors
didn't react well to today's news; the Dow was in the negative for most of the
session. With less than an hour left in the trading day, the Dow was down 70
points. Commodity prices rose; gold rose $2.40 to $1,160.40 and crude oil fell
$0.51 to $76.99 per barrel.
Economic data released today:
MBA Mortgage Applications:
U.S. MBA Refinance Index fell 5.9% at 3,918.1; Last Week 4,161.9; U.S. MBA
Purchase Index rose 2.0% at 172.3; Last Week 168.9; U.S. MBA Market Index fell
4.4% at 720.6; Last Week 753.5.
Durable Goods Orders (MoM):
May Durable Goods Orders Revised to fall 0.8% from a decrease by 0.6%; June
Durable Goods Orders, Excluding-Defense, fell 0.7%; U.S. June Durable Goods
Orders fell 1.0%; Compared to Consensus of an increase by 1.1%; June Durable
Goods Orders, Excluding-Transportation, fell 0.6%.
Crude Oil Inventories released by DOE:
U.S. Crude Oil Stockpiles rose 7.308 Million Barrels at 360.764 Million
Barrels; U.S. Crude Oil Stockpiles rose 7.308 Million Barrels in Week; was seen
decreasing by 1.7 Million Barrels; U.S. Gasoline Stockpiles rose 0.091 Million
Barrels at 222.245 Million Barrels; U.S. Gasoline Stockpiles rose 0.091 Million
Barrels in Week; was seen increasing by 0.5 Million Barrels; U.S. Distillate
Stockpiles rose 0.938 Million Barrels at 167.513 Million Barrels; U.S.
Distillate Stockpiles rose 0.938 Million Barrels in Week; was seen increasing by
2.1 Million Barrels; U.S. Refineries Ran at 90.6% capacity versus 91.5% a Week
Ago; U.S. Refineries Ran at 90.6%capacity; was seen at 91.00%.
Beige Book:
Fed's Beige Book: U.S. Economic Activity Rose only Modestly; Cleveland,
Kansas City Fed District Activity Flat; Pace of Activity Slows in Atlanta,
Chicago; Atlanta Concerned about Lower Leisure Travel in Gulf; Labor Markets
Improved Modestly Across Fed Districts; Consumer Spending Continues to Rise, but
Auto Sales Down; Commercial Real Estate, Construction Remain Weak; Loan
Standards Remain Tight in Most Fed Districts; Consumer Prices Steady, Wage
Pressures Contained.
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 39.81 points, EOD 10,497.88
NYSE (New York Stock
Exchange) shed 45.59, EOD 6,999.40
National Association of Securities Dealers Automated Quotations (NASDAQ)
shed 23.6 points, EOD 2,264.65
S&P 500 (SPX) shed 7.66 points, EOD 1,106.18
BEL 20 (BEL20) shed 12.35 points, EOD 2,545.08
CAC 40 (CAC40) gain 3.96 points, EOD 3,670.36
FTSE100 (UKX100) shed 45.99 points, EOD 5,319.68
NIKKEI 225 (NIK/O) triple digit gain 256.42 points, EOD 9,753.27
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 1,001, declined stock prices 2,089, unchanged stock
prices 94, stock prices hitting new highs 99 and stock prices hitting new lows
15. 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:
BP
shed 0.34, HOD 38.10, LOD 37.32, EOD 37.66; APL
gain 3.82, HOD 16.90, LOD 15.50, EOD 16.17; CEG
shed 1.74, HOD 34.99, LOD 32.95, EOD 33.19; MA
shed 3.35, HOD 214.90, LOD 210.17, EOD 210.88; BRY
shed 0.39, HOD 30.68, LOD 28.79, EOD 29.85; CME
gain 0.47, HOD 287.90, LOD 283.67, EOD 284.33; ESI
shed 0.87, HOD 83.10, LOD 80.44, EOD 80.91.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock
market indicators for the trading session today:
Advanced stock prices 789, declined stock prices 1,869, unchanged stock
prices 114, stock prices hitting new highs 37 and stock prices hitting new lows
34. 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 2.82, HOD 265.99, LOD 260.25, EOD 261.26; BWLD
gain 0.82, HOD 44.31, LOD 41.59, EOD 41.67; SLAB
shed 1.49, HOD 42.25, LOD 40.02, EOD 41.26; PNRA
shed 0.48, HOD 80.00, LOD 76.29, EOD 78.12; CEPH
shed 5.36, HOD 61.42, LOD 57.04, EOD 57.54; ISRG
shed 5.39, HOD 337.92, LOD 328.35, EOD 330.07.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 228, declined stock prices 236, unchanged stock
prices 38, 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 1102.75; Change -8.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,872.25; Change -14.25
E-mini DOW $5 (YM) Mar 10: EOD 10,448; Change -46
E-mini S&P MidCap 400 (MF) Mar 10: EOD 760.40; Change -11.40
Nikkei 225 (Yen) Mar 10: EOD 9,655; Change 20
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.7702 to U.S. Dollars 1.3000
Japanese Yen 87.4250 to U.S. Dollars 0.0114
British Pound 0.6416 to U.S. Dollars 1.5600
Canadian Dollar 1.0382 to U.S. Dollars 0.9632
Swiss Franc 1.0572 to U.S. Dollars 0.9457
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 10) shed $0.51, EOD $76.99 per barrel ($US per barrel)
Heating Oil (August 10) shed $0.00, EOD $2.00 a gallon ($US per gallon)
Natural Gas (August 10) gain $0.09, EOD $4.77 per million BTU ($US per mmbtu.)
Unleaded Gas (August 10) gain $0.00, EOD $2.06 gallon ($US per gallon)
Metals Markets - Comex:
Gold (July 10) gain $2.40, EOD $1,160.40 ($US per Troy ounce)
Silver (July 10) shed $0.19, EOD $17.42 ($US per Troy ounce)
Platinum (July 10) gain $5.00, EOD $1,539.50 ($US per Troy ounce)
Copper (July 10) gain $0.03, EOD $3.24 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 10) gain $1.07, EOD $83.30
Pork Bellies (August 10) unchanged, EOD $119.50
Live Cattle (August 10) shed $0.15, EOD $92.80
Feeder Cattle (August 10) shed $0.35, EOD $114.55
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) gain $13.50, EOD $376.25
Soybeans (August 10) gain $12.50, EOD $1,010.50
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 |
$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
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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