| | | | | | | Sponsored by: | How to Analyze Any Stock in 30 Seconds (or Less)
BUY, SELL or HOLD? Knowing which stocks to buy can be tough. But armed with the right tools, you can easily separate the winners from the losers. Watch this short video to see how fast and easy it can be to analyze your stocks and manage your portfolio!
Watch This Video | | | |
| | US Market |  | | NYSE | AMEX | Dow Jones | Nasdaq |  |  |  |  | | Please click on the images to view our interactive charts | | | The major U.S. index futures are pointing to a higher opening on Thursday, with sentiment reflecting strength amid positive domestic cues. Although the bickering over a Greek debt deal has triggered weakness across the Atlantic, separate reports showing a smaller than expected increase in jobless claims and stronger than expected increase in personal spending, are perking up risk appetite. The dollar is weakening despite the strong data points and commodities are weaker. The negotiations between Greece and its creditors could also be in the spotlight.
U.S. stocks retreated on Wednesday after a 2-session rally, as a Greek debt deal once again proved elusive. The major averages opened lower and moved about in a lackluster manner till late morning trading, as the focus veered away from in line first quarter GDP data towards the Greek negotiations.
Subsequently, the averages retreated steadily till late trading before moving sideways. The Dow Industrials ended down 178 points or 0.98 percent at 17,966, the S&P 500 Index closed 15.62 points or 0.74 percent lower at 2,109 and the Nasdaq Composite ended at 5,122, down 37.68 points or 0.73 percent.
All but one of the 30 Dow components closed lower, with DuPont (DD), UnitedHealth (UNH) and Goldman Sachs (GS) retreating sharply.
Among the sectors, transportation, biotechnology, basic material, financial, semiconductor and computer hardware stocks came under significant selling pressure.
On the economic front, the Commerce Department reported that the U.S. economy contracted 0.2 percent sequentially in the first quarter, upwardly revised from the 0.7 percent drop previously estimated.
Final sales were upwardly revised and inventories were marked up to $100 billion. Non-residential construction declined 18.8 percent and net exports deducted 2 percentage points from growth. Consumer spending growth was upwardly revised to 2.1 percent. The growth in residential construction was also revised upwards to 6.4 percent. |
| | Discover Mark Cuban's Investing Secrets | | If you’ve ever watched ABC’s hit TV show, “Shark Tank,” and found yourself thinking: “I wish I could invest in that company right now. I know I’d make a fortune. It’s a no-brainer!”
Then read this message carefully, because it may be the most important wealth-building letter you’ve ever read |
| | US Economic Reports | | | | CADUSD | Oil | Gold | Allbanc |  |  |  |  | | Please click on the images to view our interactive charts | | | First-time claims for U.S. unemployment benefits edged slightly higher in the week ended June 20th, according to a report released by the Labor Department.
The report said initial jobless claims inched up to 271,000, an increase of 3,000 from the previous week's revised level of 268,000. Economists had been expecting jobless claims to rise to 273,000 from the 267,000 originally reported for the previous week.
With personal income in the U.S. showing continued growth in the month of May, the Commerce Department released a report showing that personal spending also rose by more than expected during the month.
The report said personal income climbed by 0.5 percent in May, matching the upwardly revised increase seen in April. Economists had expected income to rise by 0.4 percent, which would have matched the growth originally reported for the previous month.
Additionally, the Commerce Department said personal spending jumped by 0.9 percent in May after a revised 0.1 percent uptick in April. Spending had been expected to increase by 0.7 percent after originally being reported as nearly flat in the previous month.
Federal Reserve Governor Jerome Powell is scheduled to speak on a safer payments system in Kansas City at 8:45 am ET.
Markit is set to release the flash estimate of its U.S. service sector PMI at 9:45 am ET. Economists expect the PMI to increase slightly to 56.5 in June from 56.2 in May.
The Kansas City Federal Reserve is due to release the results of its regional manufacturing survey at 11 am ET.
The Treasury Department is scheduled to release the results of its auction of seven-year notes at 1 pm ET. |
| | 4 Days, 4 Trades, +40% Average Returns! After years of develoment and testing , a lead stock options trader has develped a simple system that harnesses the power and leverage of options, yet is so easy to use anyone can do it. He'll show you step-by-step how he found and placed 4 trades, and in just 4 days they averaged +40% returns! See exactly how you can use this 10 minute strategy for yoursef by clicking here.
|
| | Stocks in Focus | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | Bed Bath & Beyond (BBBY) reported below consensus earnings for its first quarter, but revenues were in line. The company's second quarter earnings guidance was lackluster. The company also said it continues to expect earnings to be between relatively flat and showing a mid-single digit percentage increase and expects same store sales to grow 2% to 3%.
Apogee Enterprises' (APOG) first quarter adjusted earnings per share topped estimates, while its revenues were slightly shy of estimates. The company raised its full year 2016 earnings per share guidance and maintained its in line revenue growth guidance.
Accenture (ACN) reported better than expected third quarter results that exceeded estimates. The company raised its 2015 adjusted earnings per share guidance.
Herman Miller (MLHR) reported better than expected fourth q uarter results but forecast weak earnings and revenues for its first quarter
Cree (CREE) announced a restructuring of its LED products business, citing a steeper-than-expected drop in selling price and the continued under-utilization of its plant. The company also lowered its fourth quarter revenue forecast.
Rock-Tenn (RKT) and MeadWestvaco (MWV) announced that the shareholders of both companies approved the proposed combination of the two companies into WestRock Co.. The deal is now expected to be consummated on July 1st, 2015.
Shaw Communications (SJR) confirmed that Rogers Communications announced its intention to exercise its option to acquire Shaw's spectrum licenses for advanced wireless service in places, including British Columbia, for a total purchase price of $350 million.
H.B. Fuller (FUL) reported second quarter earnings and revenues that trailed expectations and lowered its earnings and revenue guidance for the full year.
Worthington's (WOR) fourth quarter earnings and revenues were ahead of estimates. Steelcase (SCS) also reported better than expected first quarter earnings and revenues and its second quarter guidance was also positive.
Nike (NKE) and Micron (MU) are among the companies due to release their quarterly results after the close of trading. |
| | Save on Electricity and Natural Gas | | Sign up with ADVFN Preferred Energy Partner Just Energy and start saving on your for electricity, natural gas, solar and green energy bills. Click Here. |
| | European Markets | | European stocks opened on a markedly weak note only to recoup some of their losses in early trading. The averages are currently mixed. Hopes of a Greek debt deal built up earlier in the week are slowly giving way to doubts regarding whether a deal will materialize, as the bickering continues. The parties involved are finding it difficult to find common ground on several key issues.
Talks between the Greek government and its creditors will resume in Brussels today ahead of a meeting of euro zone finance ministers. A failure to iron out the differences could lead to a default by Greece, which is due to pay 1.5 billion euros to the IMF before a June 30th deadline.
Despite differences over reforming Greece's costly pensions system, taxation, labor law and public sector wages, investors bet that negotiators will eventually push through a last-minute deal that will see Athens avert default.
In corporate news, Swedish retailer Hennes & Mauritz reported an increase in its second quarter earnings. Sales, excluding VAT, were up 21 percent.
On the economic front, the results of a German consumer climate survey showed that sentiment among German consumers is expected to fall in July amid a pullback in expectations and the willingness to buy. The forward consumer sentiment indicator eased to 10.1 in July from 10.2 in June
|
| | 
|
| | Asian markets | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | | | Most Asian stocks ended lower, disappointed by the Eurogroup meeting ending without negotiating a deal. The Chinese market led the retreat and the Hong Kong, Australian and New Zealand markets also fell sharply.
The yen's gain in the wake of an increase in risk aversion sent Japanese stocks lower. The Nikkei 225 Index languished below the unchanged line for much of the session before ending down 96.63 points or 0.46 percent at 20,771.
Most export stocks suffered, while some marine transportation, telecom and construction stocks gained ground.
Australia's All Ordinaries remained below the unchanged line throughout the session, ending down 52.80 points or 0.93 percent at 5,620.
The market witnessed broad based weakness, with consumer, energy, industrial and IT stocks leading the retreat.
Hong Kong's Hang Seng Index ended at 27,146, down 259.22 points or 0.95 percent, and China's Shanghai Composite Index closed 162.37 points or 3.46 percent lower at 4,528.
On the economic front, South Korea announced a stimulus package valued at $13.5 billion to counter a potential slowdown that could stem from weak export performance and the impact of the Middle East Respiratory Syndrome.
The South Korean Finance Ministry also scaled down its 2015 growth forecast for the country to 3.1 percent from the 3.8 percent estimated earlier.
|
| | 4 Days, 4 Trades, +40% Average Returns! After years of develoment and testing , a lead stock options trader has develped a simple system that harnesses the power and leverage of options, yet is so easy to use anyone can do it. He'll show you step-by-step how he found and placed 4 trades, and in just 4 days they averaged +40% returns! See exactly how you can use this 10 minute strategy for yoursef by clicking here.
|
| | Currency and Commodities Markets | | Crude oil futures are slipping $0.39 to $59.88 a barrel after falling $0.74 to $60.27 a barrel on Wednesday.
The previous session's retreat came amid the lack of a Greek debt deal and the release of the weekly petroleum status report, which showed that crude oil stockpiles fell by 4.9 million barrels to 463 million barrels in the week ended June 19th. Despite the drop, inventories were near levels not seen for this time of the year in at least the last 80 years.
Meanwhile, gasoline inventories rose by 0.7 million barrels and were in the upper half of the average range. Distillate stockpiles climbed by 1.8 million barrels but remained in the lower half of the average range for this time of the year.
Refinery capacity utilization averaged 93.7 percent over the four weeks ended June 19th compared to 93.6 percent over the four weeks ended June 12th.
Gold futures, which fell $3.70 to $1,172.90 an ounce in the previous session, are currently inching down $0.30 to $1,172.60 an ounce.
Among currencies, the U.S. dollar is trading at 123.66 yen compared to the 123.85 yen it fetched at the close of New York trading on Wednesday. Against the euro, the dollar is valued at $1.1208 compared to yesterday's $1.1205.
|
| | | | | | | To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49 | |
No comments:
Post a Comment