logo

Daily Highlights: 10/9/09
By: Tyler Durden   Friday, October 09, 2009 9:23 AM

Vote for next session
The next market session will close:

  • Asian stock markets rose Friday on US gains, with resource and energy stocks leading.
  • Bernanke says Fed ready to tighten monetary policy when economy improves.
  • Dollar rises for first time in 5 days after Bernanke says Fed ready to 'tighten' policy.
  • Initial Jobless claims in US decrease 33,000 to 10-month low of 521,000.
  • Japan Machine Orders increased 0.5% in August, rebounding from record low.
  • Treasuries decline, set for weekly drop, after Bernanke signals tightening.
  • Trichet signals he won't raise ECB rates as Europe emerges from recession.
  • Aeropostale reports September same store sales +19.0% vs. +12.3% cons est.
  • Barnes & Noble plans to unveil its own brand of electronic-book reader.
  • Chevron reports in interim update that earnings for Q3 2009 to be better than of Q2 '09.
  • GM said to be near selling Hummer to Tengzhong for $150M.
  • GM's Vauxhall seeks two-shift production guarantee from Magna.
  • Gymboree raises Q3 EPS view; sees EPS at $1.05-1.10 (cons $1.08).
  • Infineon: Increasing output capacity In Dresden by 10%.
  • Levi Strauss' profit slumped 41% in Q3 due to a stronger dollar and slower sales.
  • Liz Claiborne agreed to license its namesake brand exclusively to J.C. Penney.
  • Marriott swings to Q3 loss of $466M on timeshare write-downs. Revs dip 17%.
  • Neiman Marcus reports Sept same store sales declined 16.9% YoY.
  • PepsiCo anticipates earnings per share growth of 11-13% in 2010.
  • Target expects Q3 EPS to exceed the current median cons. est. of $.0.43/sh.
  • UK antitrust regulator ruled against the proposed merger of Ticketmaster, Live Nation Inc.
  • Vivendi SA likely to consider selling its 20% stake in NBC Universal this year.
  • Volkswagen says car market won't recover before 2013.
  • Wal-Mart de Mexico's Q3 net rises 18% as the company cut operating expenses.
  • Wynn tests Hong Kong stock betting appetite as Adelson's Sands plans IPO.
  • Wynn Macau shares jump 13% in HK debut

Economic Calendar: Data on Trade Balance to be released today.

Earnings Calendar: CMP, INFY, TTO.

Companies to watch: Aeropostale, Chevron, Gymboree, Liz Claiborne, PepsiCo, Vivendi SA,
Wynn Resorts.

Recent Egan-Jones Rating Actions:
SPEEDWAY MOTORSPORTS INC (TRK)
INTERNATIONAL SPEEDWAY CORP (ISCA)
JACK IN THE BOX INC (JACK)
AMERICAN FINANCIAL GROUP INC/OH (AFG)
WELLPOINT INC (WLP)
MARRIOTT INTERNATIONAL INC/DE (MAR)
USG CORP (USG)
ALCOA INC (AA)
NATIONAL OILWELL VARCO INC (NOV)
PEPSI BOTTLING GROUP INC (PBG)
ANHEUSER-BUSCH INBEV NV (ABI BB)
AIRTRAN HOLDINGS INC (AAI)
MONSANTO CO (MON)

Data provided by Egan-Jones Ratings and Analytics


(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
Advertisement
Popular Articles
Related Press Releases
Partner Center
Recent Articles by Tyler Durden



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 500 contributors, press releases, SEC filings and full text news from more than four thousand sources.
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia