: iStockAnalyst.com Symbols Feed

Daily Credit Summary: October 6 - Aussie Rules, Fisk Drools

Wed, 07 Oct 2009 00:30:23 GMT

Spreads are mixed in the major indices today as single-names lagged any underperformance intraday and credit notably underperformed equities all day. Aside from very early trading tights in IG12/13, the on-the-runs were unable to break yesterday's tights (while SPY managed to gap up and hold well off yesterday's highs). Intraday ranges in IG and HY remained very muted again despite a pick up in volumes (as talk was of elevated activity in rolls and curves once again).[More...]

Hot Stocks Of The Day: APC, ADBE, AMZN, FO, ROG

Wed, 16 Sep 2009 18:29:52 GMT

US stocks are trading with strong gains Wednesday afternoon as better-than-expected economic data boosted sentiment.[More...]

Daily Credit Market Summary: June 8 - Risk Is Good

Mon, 08 Jun 2009 22:38:39 GMT

Spreads were broadly wider in the US as all the indices deteriorated (despite a big leg tighter towards the close which leaked back wider after the close). Indices typically underperformed single-names with skews widening in general as IG underperformed but narrowed the skew, HVOL outperformed but widened the skew, ExHVOL intrinsics beat and narrowed the skew, XO's skew increased as the index outperformed, and HY's skew widened as it underperformed. The names having the largest impact on IG are International Lease Finance Corp. (-45.39bps) pushing IG 0.3bps tighter, and CIT Group Inc (+79.54bps) adding 0.45bps to IG. HVOL is more sensitive with International Lease Finance Corp. pushing it 1.31bps tighter, and CIT Group Inc contributing 2.01bps to HVOL's change today. The less volatile ExHVOL's move today is driven by both Constellation Energy Group Inc. (-12.5bps) pushing the index 0.13bps tighter, and Fortune Brands Inc. (+10bps) adding 0.1bps to ExHVOL.[More...]

Green Shoots Dominate The Investment Landscape

Sat, 02 May 2009 03:14:13 GMT

“…And Procter & Gamble, no matter how well they say they’re doing because they are the stocks that people sell when things are improving in this country. That’s why they can be so hated. While a company like Fortune Brands can slash its dividends, say it just had the worst quarter ever, and go much higher. When the economy starts to turn, the macro economic picture trumps everything else.” CNBC’s Mad Money 5/1/2009 Well, I guess I am not alone in the fact that more often than not these days, I am left more than a little bit confused when trying to understand this market. Sometimes it just does not make sense. For example earlier this week, Q GDP came out far worse than expected and the Dow Jones Industrials soared 165 points. The “green shoots” that everyone has been referencing lately seemed to have been stomped dead by the worsening economic data. However, the market brushed[More...]

Daily Credit Market Summary: April 24 - Squeeze

Sun, 26 Apr 2009 03:03:00 GMT

Spreads were tighter in the US today as all the indices improved (and curves steepened with shorts getting squeezed at the mid to short-end). Indices typically underperformed single-names with skews mostly narrower as IG underperformed but narrowed the skew, HVOL outperformed but widened the skew, ExHVOL intrinsics beat and narrowed the skew, XO underperformed but compressed the skew, and HY outperformed but narrowed the skew. The names having the largest impact on IG are Macy's, Inc. (-47.5bps) pushing IG 0.36bps tighter, and CIT Group Inc (+127.41bps) adding 0.7bps to IG. HVOL is more sensitive with Macy's, Inc. pushing it 1.66bps tighter, and CIT Group Inc contributing 3.21bps to HVOL's change today. The less volatile ExHVOL's move today is driven by both[More...]

S&P 500 Stocks

Sun, 05 Apr 2009 01:35:00 GMT

The S&P 500 comprises of 500 large cap common stocks actively traded in the United States. The largees public companies that are traded on the New York Stock Exchange (NYSE) and NASDAQ are included in the S&P 500 index. The S&P 500 index was lunched in 1957 and is a value weighted index which is based on the 500 American stocks with the largest market capitalizations. The S&P 500 is the most widely followed index After the Dow Jones Industrial Average index and it is considered a barometer for the American economy. The S&P 500 index is included in the Index of Leading Indicators. There are the number of trading vehicle that are designed to follow the S&P 500 index. Hundreds of billions of US dollars have been invested in this index. The SPY (Exchange Traded Fund) is one of the most actively trading stock over the world. The Rydex,[More...]

How Will It All End?

Fri, 20 Mar 2009 21:46:00 GMT

The economy is in awful shape right now, but it is not in a terminal decline from which it will never recover. We have faced hard times before and always managed to come out stronger on the other side. While I do believe in happy endings, I do not look for one right around the corner. Waiting for the recovery does not mean sitting on your hands and doing nothing. There are things that you can be doing today to help yourself prosper for the long run. Indeed, now may be the best time in your life to make moves that will help you have greater wealth later in life. The stock market almost always turns up before the economy does. Trying to pick the absolute bottom is a fool's game. We are far enough along in the process that it is time to start tiptoeing back into the market. Remember that a bear market is a long term investor's[More...]

Tuesday’s Market Recap (1/13/2009)

Wed, 14 Jan 2009 04:46:00 GMT

Markets traded in a much tighter than normal range today amid a number of fairly important news stories. The indexed finished the day mixed as the Dow Jones Industrial Average lost -0.30% to close at 8,448.56. The Nasdaq and S&P 500 on the other hand close up 0.50% and 0.18% respectively to levels of 1,546.46 and 871.79. Markets started the day modestly higher but ending up giving back most of the gains.Morgan Stanley (MS: 18.86, +0.07 (+0.37%)) and Citigroup (C: 5.90, +0.30 [More...]

January 13, 2009: Conglomerates, Easy Pickings?

Tue, 13 Jan 2009 05:03:00 GMT

Back in the good old days of Dow 900, the Chevy Nova and Jimmy Carter's brother urinating on an airport runway after a few too many Billy Beers, companies that bought companies for no other reason than to enlarge were blessed as conglomerates and traded in a similar fashion to techs in the mid-90s (without the 24/7 media hype and talking heads goading potential investors, of course). Investors soured on them when the realization set in that many of these acquisitions were bought for no sane reason and then poorly managed into fiscal oblivion. Conglomerates may well be returning to favor. This time, a few are focused using the Buffet model and others are straight-up value plays that may prove to be winners when the economy rebounds - maybe even a bit earlier. Sure, there are companies of this genre that are stinkers, but a few may offer compelling returns over time. Here are some that are presently trading below a PE of 10, based upon[More...]

Long Case For Diageo

Wed, 03 Sep 2008 06:01:00 GMT

Diageo’s stock has struggled along with the overall market this year. The concerns surrounding the stock (strong GBP, weak consumer, and rising input costs) should have been eased after last week’s conference call. If anything, Diageo’s H2 earnings reaffirmed the long case for investors.The long case:o Cost Controlo Demand Growth Continueso Very Attractive ValuationCost ControlBy far, the two most sensitive costs DEO faces are its input costs and transportation costs. While DEO is largely levered to these costs, the profit growth in H2 was directly achieved through cost cutting and cost control. This is substantial because other distillers and brewers have suffered from rising corn, wheat, hops, aluminum, and[More...]

Fortune Brands Q3 Net Income Down 63%

Fri, 23 Oct 2009 16:50:00 GMT

US-based spirits manufacturer Fortune Brands has reported a net income attributable to the company of $124.1 million, or $0.82 per diluted share, for the third quarter ended September 30, 2009, down 63.1%, compared to $335.9 million, or $2.21 per diluted share, for the same quarter of 2008.
For the third quarter of 2009, net sales were $1.72 billion, down 10.6%, compared to $1.92 billion for the same quarter of 2008.
Net income attributable to the company was $231.3 million, or $1.53 per diluted share, compared to $592.4 million, or $3.83 per diluted share, for the same period of 2008.

: iStockAnalyst.com Symbols Feed

Daily Credit Summary: October 6 - Aussie Rules, Fisk Drools

Hot Stocks Of The Day: APC, ADBE, AMZN, FO, ROG

Daily Credit Market Summary: June 8 - Risk Is Good

Green Shoots Dominate The Investment Landscape

Daily Credit Market Summary: April 24 - Squeeze

S&P 500 Stocks

How Will It All End?

Tuesday’s Market Recap (1/13/2009)

January 13, 2009: Conglomerates, Easy Pickings?

Long Case For Diageo

Fortune Brands Q3 Net Income Down 63%

Fortune Brands Q1 Net Income Decreases 27%

Stocks: A Positive Start to May

Officers & Directors in News: Assurant; Citi; Northrop Grumman; Walgreens; Fortune Brands

Fortune Brands Appoints New CEO of Beam Global Spirits & Wine

Acco Shares Soar 60% Despite Struggles in 4Q

Acco Struggles in 4Q

Moen Asks for Voluntary Layoffs

Ford, Eastman Kodak, Chevron are big movers - Jan 29 2009 5:56PM

Ford, Eastman Kodak, Chevron are big movers - Jan 29 2009 1:58PM

Fortune Brands Reports Third Quarter Results

Fortune Brands Reaffirms 2009 Earnings Target

Live Webcast Quenches Thirst of Knob Creek(R) Bourbon Fans

Hornitos Rides Into Dallas Cowboys' Famed Stadium

Tres Generaciones(R) Divulges Tequila Cocktail Fit for a President

Video: Save Time, Water and Money with Moen's New WARM|FRONT Hot Water Starter

Banbury Bath Suite From Moen Offers Traditional Styling and Water-Saving Benefits

Beam Global’s Scotches and Bourbons Bring Home Gold

Moen Goes Green at the Kitchen Sink With New Lindley Eco-Performance Faucet

Fortune Brands Declares Regular Dividend

Form 4 Koley Patrick J. For: Sep 30 (10K)

Form 4 OMTVEDT CRAIG P For: Sep 30 (10K)

Form 4 ROCHE MARK A For: Sep 30 (10K)

Form 4 Wiertel Edward A For: Sep 30 (10K)

Form 4 HAUSBERG MARK For: Sep 21 (10K)

Form 4 HAUSBERG MARK For: May 04 (10K)

Form 4 WESLEY NORMAN H For: Apr 29 (10K)

Form 4 WILSON PETER M For: Apr 29 (10K)

Form 4 THOMAS DAVID M For: Apr 29 (10K)

Form 4 FORTUNE BRANDS INC For: Apr 29 Filed by: TATLOCK ANNE M (10K)