Limelight
Paul Ebeling on Bank of America (BAC), MasterCard (MA), Visa, Inc. (V), and Wells Fargo & Company (WFC)
US Bank and Technology shares rallied to their highest level in 16 months lifting Wall Street Wednesday on a expected a revival in business loan demand that will likely boost corporate profits. Industrial shares ranked among the top gainers, with Boeing Co up 3.3% at US$70.01/shr.
The DJIA closed + 2.95 pts, or 0.03%, to close at 10,567.33, [...]
Asia to Post Losses, Bargains on Offer
Most Asian Exchanges will post losses today after another sideways night in the USA. Many exchanges across Asia started to drift yesterday afternoon and today that direction will continue. Bangkok rallied in defiance of the political protests.
In Hong Kong, the Hang Seng Index ended in positive territory with a marginal gain of 19.91 points, or [...]
Kia Motors’ global sales jump 39.5% in February
Kia Motors Corp., South Korea’s 2nd largest automaker, had a year-on-year global sales increase of 39.5% in February this year, selling a total of 143,267 vehicles, the company said Thursday.
The sales increase in February was a result of Kia’s double- digit year-on-year sales growth in all regions: it gained 128.6% in China with 25,435 units [...]
This Week on Gold
Gold dipped to 1108.2 but support came in from the near term rising trend-line and it recovered nicely. With the 4 hours MACD crossed above signal line, the retreat from the 1145.8 level may now be complete.
Bias has flipped back to the Northside for retesting 1145.8 now. A break thru that level will bring [...]
Asia in for Another Flat Day, Afternoon Drift Expected
No direction over night in the USA and having been flat for a few days we will probably drift lower, Thailand was surprisingly bouyant today as investors snapped up bargains on the eve of the political protests.
The SET index closed yesterday at 720.84, up 2.07, in thin trade worth 12.8 billion baht. For the year [...]
The Great Tech Bubble 10 Year Anniversary
Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points a peak that the technology-heavy market shows no sign of scaling again any time soon.
Analysts and venture capitalists say the tech crash taught investors a seemingly simple lesson that had been lost in the flurry of public [...]
Paul Ebeling on American International Group, Inc. (AIG), AMR Corporation (AMR), Apple, Inc (APPL), and Citigroup, Inc.(C)
US Telecoms lead the Bull charge on Wall St 1 yr after market hit bottom
Exactly one year after US stocks fell to their worst close in more than 12 yrs, the US market spent most of Tuesday looking for direction, as it appears that some rotation is beginning into financials, telecoms and some under performing [...]
ASEAN, India, China to Fall, Shayne Heffernan
The MSCI Asia Pacific Index was little changed at 122.54 in Tokyo, with about two stocks declining for every one that advanced. Materials companies dropped the most among the gauge’s 10 industry groups.
The index has risen 74 per cent since March 9 last year, when it sank to its lowest level since the September 2008 [...]
Paul Ebeling on DryShips, Inc. (DRYS), McDonald’s Corporation (MCD), Research In Motion (RIMM), and Sprint Nextel (S).
The DJIA shed 13.68 pts, or 0.13%, to close at 10,552.52, the S&P 500 lost only 0.20 of a point, or 0.02 %, to close at 1,138.50, and the NAS tallied up + 5.86 pts, or 0.25%, to end the session at 2,332.21, its highest close in 18 months. This rally has been running since March 9, 2009
Technology shares pushed the [...]
ASEAN Market to Open Flat
ASEAN Stocks traded mostly higher yesterday but we expect to see a flat open this morning after a mixed session in New York overnight.
The Stock Exchange of Thailand index closed at 720.29 points, down 0.51%, in trade worth 19.6 billion baht. Pushed lower by the political situation. This situation will possibly extend for a few [...]
Email Alerts
Guest: China reported sharper-than-expected increases in consumer and producer prices.
Guest: China Gerui Advanced Materials (CHOP) Shares Climb 6% After Earnings Report
Guest: China Mobile (ADR) (NYSE: CHL) has agreed to acquire 20 percent stake in Shanghai Pudong Development Bank. Deal expected to be worth $5B
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