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AK_Francis
Supreme |
23-Apr-2008 01:49
Yells: "Happy go lucky, cheers." |
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Confirm, inflation in globally manner will be escalated, should CO fails to subside. Worst, now couples with foods shortage or named it crisis, poor country's unrest would pour oil into fire loh. Really, moodless. Sleep on sofa leow:) | ||
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cheongwee
Elite |
23-Apr-2008 01:36
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I think oil is not going down anytime soon. I think somewhere somehow something going to give way. With oil at 119 and still going up. What do u think will stock perform? The dollar weaken furhter , High inflation for sure. Very very bad for stock historically. For me sell to strength and side line first. to be safe.DYODD |
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AK_Francis
Supreme |
23-Apr-2008 01:19
Yells: "Happy go lucky, cheers." |
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Just back fr beer session, now -149 DJ just opened after mid day. Look like up the lorry leow. | ||
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Naproxen
Veteran |
22-Apr-2008 23:58
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-118 !!!!!!!!!!!! | ||
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lancecsc
Member |
22-Apr-2008 23:55
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Dow down fast -111pts! | ||
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Naproxen
Veteran |
22-Apr-2008 21:31
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viruz7667
Senior |
22-Apr-2008 21:27
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guess tonite should close red... | ||
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lookcc
Master |
22-Apr-2008 20:59
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next mth onwards dow probably jaggered slides until june and in mth of july the slide may probably bcome avalanches.....m bearish tt's all. | ||
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tanglinboy
Elite |
22-Apr-2008 20:38
Yells: "hello!" |
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Wall Street awaits more earningsNasdaq futures fall on Texas Instruments' weak outlook; DuPont tops forecasts, lifting blue chips; AT&T, McDonald's and Yahoo on deck.NEW YORK (CNNMoney.com) -- Stock futures were mixed Tuesday as investors reacted to a bleak outlook from Texas Instruments and awaited earnings from a trio of Dow components. About three hours before the market open, S&P futures pointed to a flat open for blue chips, while Nasdaq futures suggested a lower open for tech stocks. Texas Instruments (TXN, Fortune 500) reported a jump in quarterly profit late Monday. But the chipmaker's outlook disappointed investors. Shares fell 2% in after-hours trading. Early Tuesday chemical maker DuPont (DD, Fortune 500), a Dow component, posted a better-than-forecast earnings gain, and it reaffirmed its full-year profit guidance, although it gave a second-quarter EPS target below the current consensus forecast. DuPont shares rose 1.3% in trading in Frankfurt immediately after the report. The cascade of earnings continues with two more Dow components, AT&T (T, Fortune 500) and McDonald's (MCD, Fortune 500), due to report earnings before the opening bell. Analysts are forecasting improved earnings at both companies. After the bell, Internet bellwether Yahoo (YHOO, Fortune 500) is due to report what could be crucial first-quarter results for its effort to stay independent. The company has two days to go until Microsoft's (MSFT, Fortune 500) deadline to accept its hostile offer or face a proxy fight and a possibly lower bid for the company. Forecasts call for a narrow decline in earnings at Yahoo. If its earnings are flat or lower for the ninth straight quarter, it may not be able to hold off Microsoft's bid, while a surprise gain in earnings could bolster Yahoo's argument that the Microsoft bid does not reflect its true value. Media conglomerate Tribune Company, which is struggling with its debt load since being taken private late last year, is closing in on an agreement to sell its Long Island newspaper Newsday to News Corp. (NWS, Fortune 500) for about $580 million, according to a report in the Wall Street Journal, which itself was sold to News Corp. last year. The combination of of Newsday and News Corp.' s New York Post, another tabloid, is expected to turn a $50 million a year loss at the Post into a $50 million a year profit, according to the report. Economic reports Tuesday include the latest reading on existing home sales. Economists surveyed by Briefing.com forecast the pace of sales again fell to an annual pace of 4.92 million in March from 5.03 million pace in February, when sales were lifted by the largest price drop on record. Oil prices hit a fresh all-time high. Light, sweet crude for May delivery reached as high as $118.05 a barrel in early electronic trading, before retreating to $117.60, which was still up 12 cents from Monday's close. In global trade, Asian stocks fell. Major markets in Europe edged higher in midday trading.
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lookcc
Master |
22-Apr-2008 20:22
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dow likely close 2morrow plus or minus, say, 50 pts. | ||
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tanglinboy
Elite |
22-Apr-2008 20:11
Yells: "hello!" |
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Dow futures POSITIVE !!! | ||
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cyjjerry85
Elite |
22-Apr-2008 08:14
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Stocks shake off bigger lossesDow and S&P 500 end lower after BofA earnings disappoint, and oil and gas prices spike to new records. But Nasdaq manages gains.NEW YORK (CNNMoney.com) -- Blue chips dipped and tech shares ended higher Monday as weaker-than-expected earnings from Bank of America gave investors a reason to hesitate after last week's big advance. Record oil and gas prices also factored into the day's trade. The Dow Jones industrial average (INDU) and the broader Standard & Poor's 500 (SPX) index both lost a few points, while the Nasdaq composite (COMP) gained 0.2%. After the close, Texas Instruments (TXN, Fortune 500) reported quarterly earnings of 43 cents per share, in line with forecasts and up from 35 cents a year ago. Tuesday morning brings earnings reports from Coach (COH), DuPont (DD, Fortune 500) and McDonald's (MCD, Fortune 500). Stocks had been weaker in the morning as investors mulled the day's batch of earnings and opted to play it cautious after last week's strong rally. "This is just a very modest pullback after the last 3 or 4 weeks of gains," said John Merrill, CIO, Tanglewood Capital Partners. Stocks will continue to be volatile as investors sort through the spate of first-quarter earnings reports, trying to get a sense of how sectors - particularly those outside of financial - are handling the economic slowdown. Last week Google, IBM, Intel, Caterpillar and even JPMorgan Chase reported results that beat forecasts. Plus, IBM and Intel issued upbeat current-quarter forecasts. But JPMorgan was one of the few financial companies to beat expectations, with Washington Mutual, Wachovia, Merrill Lynch and others disappointing investors. Citigroup's report was mixed, with the bank reporting a big loss, but higher-than-expected revenue. With 21% of the S&P 500 having reported results, earnings are currently on track to have fallen 15% versus a year ago, according to the latest Thomson Financial estimates. Monday's earnings. Bank of America (BAC, Fortune 500) was hit hard by the credit market fallout, with profit in the first quarter falling 77% to 23 cents per share from $1.16 a share a year ago. Analysts surveyed by Thomson Financial expected earnings of 41 cents per share. The stock lost 2.5%. National City (NCC, Fortune 500) said it has raised $7 billion in capital after reporting big mortgage-related losses. The troubled Midwestern bank also reported a quarterly loss versus a profit a year ago, missing forecasts, and said it was cutting its dividend to 1 cent per share from 21 cents per share. National City shares tumbled 27.6% in active trade. A variety of financial stocks slipped, including JPMorgan Chase (JPM, Fortune 500), Wells Fargo (WFC, Fortune 500) and Wachovia (WB, Fortune 500). Dow component Merck (MRK, Fortune 500) reported higher quarterly earnings that topped estimates on higher sales that were short of forecasts. Fellow drugmaker Eli Lilly (LLY, Fortune 500) reported higher quarterly sales and earnings that were short of forecasts. Market breadth was negative. On the New York Stock Exchange, decliners beat advancers 8 to 7 on volume of 1.12 billion shares. On the Nasdaq, losers topped winners 4 to 3 on volume of 1.64 billion shares. Commodity prices spike. U.S. light crude oil for May delivery rose 79 cents to settle at a record $117.48 a barrel on the New York Mercantile Exchange, after touching an all-time trading high of $117.76 a barrel earlier. The national average price for a gallon of regular unleaded gas hit an all-time record of $3.503, AAA reported. COMEX gold for June delivery rose $2.40 to settle at $917.60 an ounce. Other markets. The dollar flirted with a new record low against the euro and declined versus the yen. Treasury prices slipped, raising the yield on the benchmark 10-year note to 3.72% from 3.71%. Bond prices and yields move in opposite directions. |
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AK_Francis
Supreme |
22-Apr-2008 01:24
Yells: "Happy go lucky, cheers." |
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DJ in pink, can buy low. Shortists paradise leow. | ||
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lookcc
Master |
21-Apr-2008 22:39
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also never know is it going 2 b the final one meanwhile bank of england .......100 billion for bank(s) in england.
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jackjames
Elite |
21-Apr-2008 22:05
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I feel sad, the bank I used for 5 years while I was in Michigan now in great trouble, National City ... kena offer to buy over at USD 5..... oh shit... now price is around 6.33.... from high 38.... drop to the lowest since 1990... oh dear, at least, the percentage is not as scary as Bear Stearn from 100++ to offer price of 2 and changed to 10 dollars offer.. you never know which bank is the next target... poor things.. |
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aleoleo
Master |
21-Apr-2008 22:02
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Updates to open
 NEW YORK, April 21 (Reuters) - U.S. stocks opened lower on Monday, dragged down by a drop in bank shares after Bank of America Corp (BAC.N: Quote, Profile, Research), the No. 2 U.S. bank, posted disappointing quarterly results, while National City (NCC.N: Quote, Profile, Research) slashed its dividend and posted a loss.
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tanglinboy
Elite |
21-Apr-2008 21:55
Yells: "hello!" |
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Dow only -40. No panic... probably just profit taking. | ||
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uming16
Member |
21-Apr-2008 20:19
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Stocks set for lower open Futures sink following results from Bank of America; crude hits record high above $117 a barrel.NEW YORK (CNNMoney.com) -- Stocks were poised to struggle at Monday's open, as investors mulled weaker-than-expected earnings from Bank of America and the effect of a record trading high for oil prices following an attack on an oil tanker off the coast of Yemen. About two hours before the market open, Nasdaq and S&P futures were lower, suggesting a negative start for Wall Street. Weakening credit conditions hammered Bank of America (BAC, Fortune 500) in the first quarter. The bank said profit fell 77% to $1.21, or 23 cents a share, down from the year-ago $5.26 billion, or $1.16 a share. Analysts were looking for a 41-cent profit, according to Thomson. Bank of America also took $1.9 billion in writedowns in the value of its collateralized debt obligations and leveraged loans, although that was less than the writedowns in the fourth quarter. Meanwhile, the attack on the Japanese oil tanker sent oil prices spiking to a record of $117.40 a barrel in early electronic trading. There were no injuries reported in the attack, but the ship was reported to be leaking fuel. Oil prices retreated after hitting the high but were still up 18 cents to $116.87 in early trading. Stocks rallied last week, even as quarterly results came in mixed. Another wave of companies are due to report this week. Dow components Bank of America (BAC, Fortune 500) and Merck (MRK, Fortune 500) kick off the week. Both are slated to post results before the opening bell. Analysts are forecasting that Bank of America saw earnings plunge by nearly two-thirds but that it still will report a profit. Drugmaker Merck is forecast to post a narrow gain in earnings. In other news from the battered banking sector, published reports Sunday said Cleveland-based National City (NCC, Fortune 500) is close to arranging about $6 billion in new capital from private investors, a much needed cash infusion for a Midwestern bank heavily exposed to the worsening mortgage and housing markets. And early Monday, the Bank of England announced a $100 billion plan to allow banks to swap mortgage-backed securities for Treasury bills In the tech sector, investors will be watching results from Yahoo (YHOO, Fortune 500), which is facing a takeover bid from Microsoft (MSFT, Fortune 500). Yahoo is due to post results Tuesday. In other corporate news, Viacom (VIAB, Fortune 500) and five Hollywood studios are joining forces to create a pay television channel and video-on-demand service, the companies announced Sunday. In global trade, Japan stocks rose. Major markets in Europe were mixed in midday trading. |
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Eldarchen
Member |
21-Apr-2008 20:15
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Hmm, Though the news for BoA is bad, but I think its already factored in , in general as many would expect banks to be bad. What would cause the market to go down would be non bank stocks performing worse than expected. Lets hope US don't go down too much today to leave some room for a slight correction next week before the FOMC meeting. |
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lookcc
Master |
21-Apr-2008 20:10
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yup, a trading market...good 4 bb....just dun let bbb pass the babies to hold 4 long time...dun b greedy n cut loss fast, then dun hv 2 hold any baby......holding any baby can b 4 a very long long time.....oil all time high, weakening greenback, housing px going down, very weak gdp, mayb now in recession....aiyoh all negative leh....sideline better hoh.
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