| | | | | | | The 10-Minute Investor Consistently outperform the market in less than 10 minutes a day. Discover a step-by-step system to move from inconsistent to consistent gains in the stock market. Break free of the old, broken investing model and plug-in to a successful investing plan. Attend my free webinar and learn: - My 3-Part stock buying checklist
- My 10-Minute Routine
- 4 big mistakes to avoid.
LEARN MORE | | |
| | 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 lower opening on Wednesday, with sentiment suggesting weakness induced by sore tech earnings. The mixed earnings news could trim some of the optimism set in motion by a good start to the reporting season. Commodities continue to tumble and the dollar is grinding higher. The markets could also focus on existing home sales data due shortly after the markets open and the results of the Greek Parliamentary vote.
U.S. stocks declined on Tuesday, weighed down by some disappointing earnings news amid a lack of major economic catalysts. The major averages opened lower and saw some indecision in early trading. After declining sharply in the morning, the averages moved roughly sideways in the afternoon and finished lower.
The Dow Industrials ended down 181.12 points or 1 percent at 17,919, while the S&P 500 Index closed 9.07 points or 0.43 percent lower at 2,119 and the Nasdaq Composite ended at 5,208, down 10.74 points or 0.21 percent.
Twenty-six of the thirty Dow components closed lower for the session, while the remaining four stocks advanced. United Technologies (UTX) and IBM (IBM) tumbled 7.03 percent and 5.86 percent, respectively, and Verizon (VZ) slid 2.35 percent. On the other hand, Travelers (TRV) and Chevron (CVX) rose notably.
Among the sectors, computer hardware stocks saw considerable weakness and utility stocks also came under selling pressure, while gold and airline stocks gained ground.
|
| | Market Shrink Predicts Market Reversal dates in Advance What if you knew when the markets were going to reverse - weeks in advance? Market timing guru Wood Dorsey can tell you. His Sentiment Timing report makes that infomation available to retail investors.
Click here to get the date of the next market reversal Free |
| | US Economic Reports | | | | CADUSD | Oil | Gold | Allbanc |  |  |  |  | | Please click on the images to view our interactive charts | | | The Federal Housing Finance Agency is scheduled to release its house price index for May at 9 am ET. Economists expect a 0.4 percent month-over-month increase in house prices compared to a 0.3 percent increase in April.
The National Association of Realtors is due to release its existing home sales report for June at 10 am ET. Economists expect existing home sales to come in at a seasonally adjusted annual rate of 5.40 million units compared to a 5.35 million rate in May.
Existing home sales rose 5.1 percent to a seasonally adjusted annual rate of 5.35 million units in May. Single-family sales were up 5.6 percent compared to a 1.6 percent climb in sales of condominium and co-ops.
Inventories rose 3.2 percent month-over-month to 2.29 million homes, with inventories measured in months of sales at 5.1 months. The median sales price of an existing home rose 7.9 percent year-over-year to $228,700.
The Energy Information will release its weekly petroleum status report for the week ended July 17th at 10:30 am ET.
Crude oil stockpiles fell by 4.3 million barrels to 461.4 million barrels in the week ended July 10th. Inventories remained near levels not seen for this time of year in at least the last 80 years.
However, distillate stockpiles climbed by 3.8 million barrels and were in the middle of the average range for this time of the year. Gasoline inventories edged up by 0.1 million barrels and were in the upper half of the average range.
Refinery capacity utilization averaged 94.7 percent over the four weeks ended July 10th compared to 94.2 percent over the four weeks ended June 26th.
|
| | 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 | | | Apple (AAPL) reported better than expected third quarter results, while its iPhone unit sales trailed estimates by some analysts. The company's fourth quarter revenue guidance was lackluster.
Yahoo! (YHOO) reported below-consensus adjusted second quarter earnings per share, while its revenues sneaked past estimates.
Microsoft (MSFT) reported a loss for its June quarter, weighed down by charges related to its acquisition of Nokia's (NOK) devices and services business. However, adjusted earnings and revenues exceeded estimates.
Boeing (BA) reported better than expected second quarter earnings and revenues but lowered its full year core earnings per share guidance, while it maintained its revenue guidance.
Linear Technology (LLTC) reported fourth quarter earnings and revenues that trailed estimates. The company also cautioned of a tough first quarter and sees a 7-12 percent sequential revenue decline for the quarter.
Whirlpool's (WHR) second quarter earnings beat estimates, while its revenues were about in line.
Vmware (VMW) reported better than expected second quarter earnings per share, while its revenues trailed expectations.
GoPro's (GPRO) second quarter results beat estimates. Insurer ACE (ACE) also reported better than expected second quarter operating earnings.
Chipotle Mexican Grill (CMG) reported above consensus earnings for its second quarter, while its revenues were below estimates.
Intuitive Surgical's (ISRG) second quarter results beat estimates, while Forward Air's (FWRD) second quarter earnings missed expectations and the company also lowered its full year earnings guidance.
AT&T (T) announced that an order to approve its impending acquisition of DirecTV is circulating within the FCC. The company expressed confidence in getting approval by the FCC and the deal closing shortly thereafter.
FedEx (FDX) announced that its FedEx Express agreed to buy 50 additional Boeing 767-300F aircraft. The company also said it has options to purchase a total of 50 767F aircraft.
Packaging Corp. of America (PKG) announced that its board has authorized the repurchase of an additional $150 million of its common stock.
American Express (AXP), Ameriprise Financial (AMP), Cheesecake Factory (CAKE), Discover Financial Services (DFS), F5 Networks (FFIV), Las Vegas Sands (LVS), Logitech International (LOGI), Newmont Mining (NEM), Qualcomm (QCOM), Sallie Mae (SLM), SanDisk (SNDK), Texas Instruments (TXN) and Xilinx (XLNX) are among the companies due to release their quarterly results after the close of trading. |
| | Confused by options but KNOW there's massive potential?
If you're feeling that way...don't. I'll GIVE you the Complete Guide To Understanding Options Trading. It'll give you the actionable strategies, understanding, and insight YOU need to become the options trader you know you can be...Get the FREE eBook HERE… |
| | European Markets | | European stocks are lower for a second straight day after seeing a nine-day run up on Greek optimism. Traders have exercised caution as the Greek Parliament is set to vote on further austerity measures to resume the negotiations on a third bailout that is widely expected to put the economy back on the rails.
In corporate news, easyJet reported a small drop in third quarter revenues, hurt by a French air traffic control strike and a fire at its base in Rome. The company's full year guidance was largely in line.
Spanish utility Iberdrola reported better than expected results for its first half. BHP Billiton (BHP) reported a strong increase in iron ore output for the June quarter. ARM Holdings (ARMH) reported below consensus revenues for its second quarter.
On the economic front, the minutes of the Bank of England's July Monetary Policy Committee meeting showed that the decision to hold rates and the size of the asset purchase program unchanged was unanimous. The committee judged that the actual path of rates over the next few years is data dependent.
|
| | +$1 million Profit on Tesla...in TWO DAYS!?
Simple...right place, time, strategy. But it was options he used to make a once in a lifetime trade. Today you've got a chance to learn the exact strategies that lead to a million-dollar trade. FREE! The Complete Guide To Understanding Options (Click here to receive a complimentary copy) |
| | Asian markets | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | | | The Asian markets closed on a mixed note, as the weak lead from Wall Street overnight rendered the mood cautious. The Chinese, Indian, New Zealand and Indonesian markets ended higher, while most other markets came under selling pressure.
The Japanese market succumbed to the rebound by the yen. With Bank of Japan Governor Haruhiko Kuroda stating that inflation would return to the central bank's target by the end of 2016, the yen moved to the upside.
The Nikkei 225 Index opened lower and declined steadily in the morning. After a sideways move in the afternoon, the index ended down 248.30 points or 1.19 percent at 20,594.
A majority of stocks declined, including export, construction, oil, pharma, financial and utility stocks. Meanwhile, paper and some chemical and mining stocks moved to the upside.
Australia's All Ordinaries Index languished below the unchanged line throughout the session before ending down 85 points or 1.49 percent at 5,604. The market witnessed across-the-board selling, with energy and utility stocks being the worst hit.
Hong Kong's Hang Seng Index ended at 25,283, down 253.81 points or 0.99 percent, while China's Shanghai Composite Index ended a volatile session up 8.37 points or 0.21 percent at 4,026.
On the economic front, a report released by Japan's Ministry of Economy, Trade and Industry showed that an index measuring all industry activity fell 0.5 percent month-over-month in May, smaller than the 0.6 percent drop expected by economists.
The Australian Bureau of Statistics reported that quarterly consumer price inflation in Australia came in at 0.7 percent in the second quarter compared to expectations for a 0.8 percent rate. Annually, the consumer price index was up 1.5 percent, tamer than the 1.7 percent rate expected by economists.
Meanwhile, the Reserve Bank of Australia's trimmed mean was up 0.6 percent on a sequential basis, in line with expectations. Annually, the trimmed mean rose 2.2 percent compared to economists' estimate of 2.1 percent.
Meanwhile, in a speech, Reserve Bank of Australia governor Glenn Stevens said further rate cuts could be in the offing, although such an action would be taken only after assessing longer-term risks.
A report released by Westpac Bank showed that its leading economic indicators index for Australia was unchanged in June following a 0.1 percent drop in May. |
| | We have your book on hold... | | Best-selling author Jim Rickards has just released a new book called The Big Drop. Inside, it warns of a few critical dangers that every American should begin preparing for right now. However, this book is not available for sale. Instead, we're on a nationwide campaign to spread the book far and wide for FREE.
Click here to learn how to claim a copy |
| | Currency and Commodities Markets | | In their first day of trading as the front month contract, crude oil futures for September delivery are sliding $0.67 at $50.19 a barrel. The September futures ended the previous session at a 50.86 barrel, up $0.42.
Meanwhile, an ounce of gold is trading at $1,089.80, down $13.70 from the previous session's close of $1,103.50. On Tuesday, gold fell $3.30.
On the currency front, the U.S. dollar is trading at 123.84 yen compared to the 123.89 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.0915 compared to yesterday's $1.0935
|
| | | | | | | 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