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Daily Market Commentary for November 3, 2009
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Warren Buffett
Warren Buffett's company, Berkshire
Hathaway announced Tuesday it will purchase railroad operating company
Burlington Northern Santa Fe Corp; Buffett's company will spend a reported $34
billion. Berkshire already has a 22% stake in the company, Berkshire said it
would acquire the remaining 77.4% of the company and will pay in a
cash-and-stock offer worth $100 per share. Shareholders will have the option
whether they want to exchange their stock for a cash payment of $100 per share
or receive Berkshire Class A or Class B common stock. "Our country's future
prosperity depends on its having an efficient and well-maintained rail system,"
said Buffett. He also commented, "Most important of all, however, it's an all-in
wager on the economic future of the United States. I love these bets." Boards
from both sides approved the deal, making it the biggest attainment Berkshire
Hathaway Inc has ever made. Berkshire Hathaway's colossal portfolio includes
companies such as auto insurance company Geico, Fruit of the Loom and see's
candy are all subsidiaries of the firm. Berkshire also owns MidAmerican Energy
Holdings, a power company controller in the Midwest and Pacific Northwest,
Burlington Northern Santa Fe is the second-largest railroad in the country, so
purchasing the railroad could be part of Buffett's strategic plan, their tracks
run right through both regions, it is a main supply route for delivering coal to
power plants. Burlington Northern saw shares rise 29% to $98.13 upon the
announcement. Stocks fell in the trading session today as global markets showed
weakness making investors cautious, analysts think trading will continue its
choppy pattern. Recovering some of its losses was the dollar, which rose against
the yen and the euro. Oil prices rose along with gold. Bond prices fell, the
yield on the benchmark 10-year Treasury note rose to 3.47 from 3.42 Monday.
Economic data released today:
Factory Orders:
U.S. Factory Orders rose 0.9% in September compared to consensus of an
increase by 0.8%; September Factory Orders, Excluding Transportation, rose 0.8%;
September Factory Orders, Excluding Defense, rose 0.7%; September Durable Goods
Revised to rise 1.4% from an increase by 1.0%; August Factory Orders Unrevised
at -0.8%.
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 28.11 points, EOD 9,761.33
NYSE (New York Stock
Exchange) gain 27.76, EOD 6,812.70
National Association of Securities Dealers Automated Quotations (NASDAQ)
gain 5.34 points, EOD 2,054.54
S&P 500 (SPX) gain 1.92 point, EOD 1,044.80
BEL 20 (BEL20) shed 46.32 points, EOD 2,351.09
CAC 40 (CAC40) shed 55.21 points, EOD 3,584.25
FTSE100 (UKX100) shed 67.29 points, EOD 5,037.21
NIKKEI 225 (NIK/O) unchanged, EOD 9,802.95
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 1,887 declined stock prices 1,189, unchanged stock
prices 79, stock prices hitting new highs 37 and stock prices hitting new lows
12. 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: MA shed 3.45, HOD 226.15,
LOD 210.13, EOD 219.20; RL gain 1.76, HOD 79.98, LOD 76.34, EOD 78.47; AIG gain
4.91, HOD 40.09, LOD 33.50, EOD 39.22; ICE shed 1.52, HOD 103.79, LOD 96.50, EOD
101.31; GS gain 0.93, HOD 172.16, LOD 168.74, EOD 171.61; CME shed 4.04, HOD
305.95, LOD 298.95, EOD 301.56.
National Association of Securities Dealers Automated Quotations (NASDAQ)
stock market indicators for the trading session today:
Advanced stock prices 1,645, declined stock prices 1,097, unchanged
stock prices 114, stock prices hitting new highs 33 and stock prices hitting
new lows 42. 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 0.56, HOD 189.52, LOD
185.92, EOD 188.75; DLLR gain 3.29, HOD 21.98, LOD 20.02, EOD 21.39; FSLR gain
2.81, HOD 125.26, LOD 120.09, EOD 124.51; BIDU gain 7.59, HOD 384.52, LOD
369.12, EOD 383.04; CTSH gain 3.17, HOD 42.40, LOD 40.85, EOD 41.97; PEET gain
3.88, HOD 39.66, LOD 33.42, EOD 38.44; SHOO shed 1.79, HOD 41.23, LOD 37.11, EOD
38.92; RIMM gain 3.87, HOD 60.14, LOD 55.38, EOD 59.61; WYNN gain 2.40, HOD
56.80, LOD 52.54, EOD 56.13; PCLN gain 1.92, HOD 166.77, LOD 159.30, EOD 164.50.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 280, declined stock prices 233, unchanged stock
prices 43, stock prices hitting new highs 10 and stock prices hitting new lows
6.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1040.75; Change 1.75
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,676.00; Change 7.00
E-mini DOW $5 (YM) Dec 09: EOD 9,712; Change -23
E-mini S&P MidCap 400 (MF) Dec 09: EOD 668.40; Change 8.80
Nikkei 225 (Yen) Dec 09: EOD 9,790; Change 0
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.6799 U.S. Dollars 1.4707
Japanese Yen 90.3500 to U.S. Dollars 0.0111
British Pound 0.6095 to U.S. Dollars 1.6406
Canadian Dollar 1.0683 to U.S. Dollars 0.9361
Swiss Franc 1.0267 to U.S. Dollars 0.9740
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $0.37, EOD $78.50 per barrel ($US per barrel)
Heating Oil (December 09) gain $0.03, EOD $2.07 a gallon ($US per
gallon)
Natural Gas (December 09) shed $0.10, EOD $4.92 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) shed $0.03, EOD $1.96 a gallon ($US per
gallon)
Metals Markets - Comex:
Gold (December 09) gain $30.90, EOD $1,084.90 ($US per Troy ounce)
Silver (December 09) gain $0.74, EOD $17.18 ($US per Troy ounce)
Platinum (January 09) gain $18.10, EOD $1,356.20 ($US per Troy ounce)
Copper (December 09) gain $0.01, EOD $2.96 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $0.18, EOD $57.55
Pork Bellies (February 10) shed $0.15, EOD $89.15
Live Cattle (December 09) shed $0.53, EOD $85.70
Feeder Cattle (January 10) shed $0.30, EOD $95.28
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $7.75, EOD $390.00
Soybeans (January 10) gain $12.50, EOD $1,010.50
BOND MARKET:
2 year EOD 100 5/32, change 1/32, Yield 0.91, Yield change -0.01
5 year EOD 100 2/32, change -4/32, Yield 2.35, Yield change 0.02
10 year EOD 101 8/32, change -15/32, Yield 3.47, Yield change 0.06
30 year EOD 103 22/32, change -1 7/32, Yield 4.33, change 0.07
Access upcoming scheduled economic data anytime by viewing the
Economic Calendar from Millennium-Traders, free access to visitors
on our website.
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Top of the page | |
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Total for Year |
Last Week |
$296,530.00 |
$11,526.00 |
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Total for Year |
Last Week |
$184,983.71 |
$7,197.50 |
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Total for Year |
Last Week |
$407,600.00 |
$13,100.00 |
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Total for Year |
Last Week |
$344,560.00 |
$20,460.00 |
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Total for Year |
Last Week |
$0.00 |
$0.00 |
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