USA

After the Bell with Paul Ebeling

 
After the Bells in the Global Markets: Stocks flat as Rally stalls…
 
Players and Investors alike are getting selective about risk. A rally in shares ran out of steam late in the Global session, but the Euro keeps rising as fears of a looming crisis in Europe continue to decline.

The FTSE All-World stock index is up [...]

Volatility Leaves Goldman Sachs and Berkshire Hathaway Short

Goldman Sachs said its bets that stock swings would narrow lost money in the second quarter, according to its earnings statement. While the firm didn’t break out the loss, Goldman Sachs said revenue in the division arranging the trades slumped 62 percent from a year earlier to $1.21 billion. Ed Canaday, a spokesman for the [...]

Shayne Heffernan on XLY The Consumer Discretionary Select Sector SPDR Fund

The Consumer Discretionary Select Sector SPDR Fund, whose members include Home Depot and Lowe’s, fell 1.3 percent at 12:29 p.m. today and has lost 6.4 percent since June 15. The SPDR S&P 500 ETF Trust, which tracks the S&P 500 index, is down 1.9 percent during the same period. At these low prices the stock [...]

Wall St Retreats

Akamai Technologies Inc. slid 12 percent after saying its profit margin shrank, while Nvidia Corp. and Symantec Corp. lost more than 9.5 percent after issuing profit forecasts. Colgate- Palmolive Co. sank 7.9 as its sales missed analyst estimates. Financial shares erased gains as New York Attorney General Andrew M. Cuomo said his office served subpoenas [...]

Sanofi to make offer for Genzyme

Chris Viehbacher, the chief executive of Sanofi-Aventis (SNY) is will move ahead with a formal offer for Genzyme (GENZ) that could value the US biotech company at close to US$19B, people familiar with the matter said Wednesday.
The board of Sanofi earlier this month authorised Mr Viehbacher to go public, if necessary, with his interest [...]

Bull Trade Alert + Bearish Spec Play for CVS Caremark Corporation (CVS)

Red’s Bull Trader Alert: CVS Caremark Corporation (CVS)
LTN’s Patter Recognition Analyst, Paul A. Ebeling, Jnr, just ID’d the establishment of a New Bullish Trend for CVS Caremark Corporation on 07/28/2010.
CVS Caremark Corporation’s shares closed at US$30.60 yesterday’s trading session and opened today at US$29.54.
CVS closed at US$31.54, up US$1.19 (3.33%) today. [...]

Obama Admin pushes for comprehensive housing finance reform

The US Treasury Department said Tuesday that the Obama administration will work to address the problems of troubled mortgage giants Fannie Mae and Freddie Mac through a comprehensive housing finance reform.
“The administration continues its work developing a comprehensive housing finance reform proposal for delivery to Congress by January 2011,” the Treasury Department said in a [...]

Boeing Co Beats the Street

Boeing Co reported a higher-than-expected quarterly net profit on Wednesday as the commercial airplane market recovers from a downturn, but its shares slipped 2 percent as revenue fell short of estimates.
The world’s largest aerospace and defense company repeated its earlier outlook for 2011 revenue improvements.
Boeing delivered 114 planes in the second quarter, down from 125 [...]

Durable Goods Orders Fall

The Commerce Department said on Wednesday durable goods orders fell 1.0 percent after a revised 0.8 percent drop in May.
Analysts polled by Reuters had forecast orders increasing 1.0 percent in June from May’s previously reported 0.6 percent fall.
“The number was weaker than expected and it could add to the idea that the economy is slipping [...]

Volatile Rally Says Shayne Heffernan

Shayne Heffernan is of the opinion the markets are moving higher, but it will be a bumpy ride. Thee are conflicting signals in the market and the rally will see big drops from time to time, possibly today.
Equity derivatives indicate that although the stock market is turning in its best monthly performance of the year, [...]