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Pinnacle
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20-Nov-2007 21:20
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Stocks poised to bounce backFutures lifted by strong quarterly results from HP; investors await Fed minutes.Upbeat results from Hewlett-Packard helped lift stock futures early Tuesday, but that could change as investors take in the latest report on the battered housing market and earnings from mortgage financing giant Freddie Mac.
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Pinnacle
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20-Nov-2007 21:19
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Futures pare gains after Freddie MacStock index futures trimmed gains and were well off their session highs on Tuesday after Freddie Mac (FRE.N: Quote, Profile, Research), the No. 2 U.S. mortgage finance company, posted a wider third-quarter loss. S&P 500 futures were up 5.5 points, above fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. S&P futures were earlier up as much as 12 points. Dow Jones industrial average futures rose 61 points, and Nasdaq 100 futures gained 19 points. Freddie Mac shares fell 4.8 percent to $35.75 in trading before the bell. |
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blurfonz
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20-Nov-2007 07:17
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Its going to be another BLACK day for Singapore market. | |||||||||||||||||||||||||||||||||||||||||||||||||||
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georgeleow
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20-Nov-2007 02:25
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BREAKING NEWS Dow drops 215 points and Nasdaq and S&P fall nearly 2% each on fresh worries about subprime fallout. More soon. |
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seed_destiny
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20-Nov-2007 00:20
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Pinnacle
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19-Nov-2007 22:59
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Downgrade of Citigroup pushes Wall Street lowerStocks opened lower on Monday as a brokerage downgrade of Citigroup (C.N: Quote, Profile, Research), the No. 1 U.S. bank, stirred fresh concerns about mounting credit losses. The Dow Jones industrial average (.DJI: Quote, Profile, Research) was down 62.35 points, or 0.47 percent, at 13,114.44. The Standard & Poor's 500 Index (.SPX: Quote, Profile, Research) was down 7.10 points, or 0.49 percent, at 1,451.64. The Nasdaq Composite Index (.IXIC: Quote, Profile, Research) was down 15.96 points, or 0.61 percent, at 2,621.28. |
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Pinnacle
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19-Nov-2007 22:41
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Stocks slip back at openU.S. markets hampered again by higher oil and concern about credit crunch.U.S. stocks fell at the start of trading Monday as new concerns about oil and the credit crisis spooked investors.
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Pinnacle
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19-Nov-2007 20:49
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Futures fall, Goldman downgrades Citigroup\Stock futures fell on Monday after Goldman Sachs added Citigroup Inc (C.N: Quote, Profile, Research) to its "sell" list, citing prospects for more credit losses at the No. 1 U.S. bank. Shares of Citigroup dropped more than 2 percent in Europe. Separately, a Citigroup analyst upgraded the U.S. banking sector's shares. Goldman said Citigroup could have to write off an additional $11 billion in the fourth quarter to reflect losses on securities linked to subprime mortgages and other investments. The brokerage also cut its profit estimates for Citigroup through 2009. "We could see a new round of selling in some financial stocks," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey. "A lot of investors had hoped there was a bottom in terms of the writedowns, but this quarter hasn't shown that there is a bottom." S&P 500 futures fell 6.2 points and were below fair value, a formula to evaluate pricing taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures dropped 40 points, and Nasdaq 100 futures slipped 9.25 points. Goldman also cut its price target on Citigroup shares to $33, saying the bank will face many industry and company-specific challenges in the next six months. In Europe, the head of Germany's Deutsche Bank (DBKGn.DE: Quote, Profile, Research) said on Monday recent writedowns at major U.S. banks in the wake of a global credit crunch were rattling investor nerves again. Chief Executive Josef Ackermann also warned that credit-market problems could pressure the broader economy in Europe and the United States. But Citigroup's Tobias Levkovich upgraded the U.S. banking sector to overweight from market weight, saying the shares' valuation was compelling. Noting that his call on the sector may seem fairly controversial, Levkovich, the company's chief U.S. equity strategist, said that while the sector had taken some sharp hits due to the subprime woes, there appears now to be a pile-on effect that seems to be overdone. U.S. stocks rose on Friday after a day of sharp price swings, helping the S&P 500 to narrowly avert a third straight week of losses. Bargain-hunting lifted the beaten-down technology sector, while shares of oil companies advanced on buoyant crude prices. But shares of financial services companies fell on persistent worry that losses from mortgage defaults and the housing slump may worsen. The S&P financial index (.GSPF: Quote, Profile, Research) notched its third straight day of losses, but was up for the week after a two-week losing streak. |
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Pinnacle
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19-Nov-2007 19:36
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Bears back in controlInvestors await latest survey on homebuilder confidence; crude prices jump.U.S. stock futures drifted lower early Monday as investors awaited fresh housing figures and oil prices jumped.
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Pinnacle
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19-Nov-2007 19:34
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U.S. stocks set to fall on fresh credit woes U.S. stocks were set to retreat on Monday, as investors remain cautious after fresh negative news on the credit front, but shares of oil firms could find support from buoyant crude prices. Reinsurer Swiss Re (RUKN.VX: Quote, Profile, Research) became the latest financial institution to unveil a huge hit from the crisis in the subprime mortgage market, reporting a 1.2 billion Swiss franc ($1.07 billion) writedown on Monday. Its shares tumbled nearly 7 percent. By 1020 GMT, S&P futures (SPc1: Quote, Profile, Research) were down 0.3 percent, Dow futures (DJc1: Quote, Profile, Research) eased 0.2 percent and Nasdaq futures (NDc1: Quote, Profile, Research) slipped 0.2 percent. "Concerns about the ramifications of the sub-prime crisis in the U.S. continue to spread through other areas of the construction/mortgage market such as CMBS (Commercial Mortgage-Backed Securities) and the slump in Fannie Mae's share price last week," Bear Stearns analysts wrote in a note. Stocks ended higher on Friday after a choppy session, with energy stocks gaining ground on higher oil prices while investors scooped up recently-hammered tech shares. Oil stocks could continue to rise on Monday, as U.S. crude oil futures (CLc1: Quote, Profile, Research) gained 0.7 percent, supported by a weak dollar and after some OPEC members pushed for action to stem their declining purchasing power. Shares of Pharmion Corp (PHRM.O: Quote, Profile, Research) will be in the spotlight after biotechnology group Celgene Corp (CELG.O: Quote, Profile, Research) said it will buy Pharmion for about $2.9 billion in stock and cash. With the housing market index for November the only macroeconomic data expected on Monday, investors will focus on quarterly results from Hewlett-Packard Co (HPQ.N: Quote, Profile, Research), the world's largest maker of personal computers, that could shed light on the outlook for demand in the sector. Results from retailers Lowe's Co. Inc (LOW.N: Quote, Profile, Research) and Nordstrom Inc (JWN.N: Quote, Profile, Research), as well as from Campbell Soup Co (CPB.N: Quote, Profile, Research) and Medtronic Inc (MDT.N: Quote, Profile, Research) will also be in focus. The market could remain cautious ahead of the release on Tuesday of the minutes from the Federal Open Market Committee's meeting on Oct. 30-31, when it cut rates by 25 basis points to 4.5 percent, saying the risk of inflation was about equal to the downside risks to growth. Minneapolis Federal Reserve Bank President Gary Stern told reporters in Singapore on Monday that he expected the U.S. housing market to weaken further because of a large pool of unsold homes. But employment and incomes were still rising, Stern said, and that would underpin consumption. Stern said that financial markets were braced for a rise in delinquencies and would not be surprised by such data. He declined to comment on the possibility of another rate cut but said the Fed remained flexible on policy. "We have to see how things evolve," he said. The next FOMC meeting is on Dec. 11. The U.S. market will be closed on Thursday for the Thanksgiving holiday. |
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Manikamaniko.
Master |
19-Nov-2007 08:14
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I have a feeling this big bad bear is here to stay for another season... | |||||||||||||||||||||||||||||||||||||||||||||||||||
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kiwi77sg
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19-Nov-2007 07:56
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Hi, Is there any free live future chart, which I can view ? Even not live, how about with abit of delay. If I am to subscrible for a future trading account, which local trading company provides the best furture tools ? Example charts etc Cheers |
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cashiertan
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19-Nov-2007 03:41
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friday climb cant be counted. next week will be light with many false signal from DOW. sell on rally if any, there maybe a few days of rally or just 1-2 days. STI may contd to correct even when dow climb. HSI and STI is still undercorrected. if the correction is not enough, the rally to come will not be strong. |
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Pinnacle
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19-Nov-2007 00:43
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Volatility, thin trade seen due to holiday Stocks are likely to be volatile next week in trade thinned by the Thanksgiving holiday, with investors focused on an expanded look at the Federal Reserve's view of interest rates and the economy. But even with the first publication of the Fed's expanded economic forecast on Tuesday, the market is not expected to establish any real trend. Jeffrey Kleintop, chief market strategist at LPL Financial Services in Boston, said that in a holiday-shortened week with little economic data, investors will be in a waiting game. "It's hard to say what would drive off the market. It's also hard to say what would drive the market up," he said. "We're waiting for economic data to take on a bigger role going forward." Stock markets will be closed on Thursday for Thanksgiving and will close early on Friday at 1 p.m., which is expected to reduce trading activity and increase price volatility. "Lower volume and thinner markets make for a bigger move" in prices, said Ernie Ankrim, chief investment strategist for Russell Investment Group in Tacoma, Washington. "But it will almost be an insignificant week with respect to the long-term direction of the market." The major U.S. stock indexes rose for the week, but they came off a bruising five days the week before when the Nasdaq posted its biggest point loss since the September 11, 2001, attacks. Higher crude prices lifted shares of oil companies, such as Exxon Mobil Corp (XOM.N: Quote, Profile, Research) on Friday, but investors feared the housing slump could slow the economy and financial service stocks fell on concern mortgage-related losses could worsen. The Dow Jones industrial average (.DJI: Quote, Profile, Research) rose 66.74 points, or 0.51 percent, to close at 13,176.79 on Friday. The Standard & Poor's 500 Index (.SPX: Quote, Profile, Research) gained 7.59 points, or 0.52 percent, to end at 1,458.74. The Nasdaq Composite Index (.IXIC: Quote, Profile, Research) added 18.73 points, or 0.72 percent, to finish at 2,637.24. For the week, the Dow gained 1.03 percent, while the S&P 500 and the Nasdaq each ended up 0.35 percent. The Federal Reserve on Tuesday, along with the release of the minutes of its October 30-31 meeting of the Federal Open Market Committee, will publish its new expanded economic forecast. The expanded outlook will offer more insight on the Fed's view of the economy and the likely path of interest rates. Investors will be looking for any indication that the Fed will cut rates again because of a slowing economy or that in fact inflation is the bigger risk, Ankrim said. "The last time we left them they had a balanced view of risks of growth and price stability," he said. "Between now and the December meeting the questions are going to be is it the macro element that drives Fed policy toward longer views of inflation control or is it going to be short-term market concerns?" he said. Investors are concerned about the value of risky asset-backed securities and mortgage-related losses at so-called structured investment vehicles, and the exposure banks or mutual funds may have to the SIVs. Because the pricing of many high-risk securities has become difficult, investor uncertainty is unlikely to dissipate until early 2008, Ankrim said. Kleintop, of LPL Financial Services, said major market indexes will likely hover around current levels, with recent lows acting as a bottom, he said. But markets are poised to do better because since 1992, only one fourth-quarter has posted negative returns, in 2000. Since the popping of the tech bubble bottomed out in 2002, the stock market has had a 5 percent to 9 percent correction every six months, he said. A new high is set in six weeks to eight weeks, he said. Also next week, the National Association of Home Builders/Wells Fargo Housing Market index comes out on Monday. Analyst expect the index to fall to a new low of 17 from 18, a prior record low. Housing data comes out on Tuesday. Housing starts are estimated to have fallen to a seasonally adjusted annual rate of 1.170 million, from a previous 1.191 million. Seasonally adjusted building permits are forecast to have fallen to an annualized 1.20 million, down from 1.261 million in September. On Wednesday, the Reuters/University of Michigan Surveys of Consumers is expected to show a reading of 75 for November, down from last month's figure of 80.9. A reading released on November 9 showed consumer sentiment already had fallen to 75. The earnings calendar will be thin next week. Among key companies to report results are computer and printer maker Hewlett-Packard Co (HPQ.N: Quote, Profile, Research) and retailer Lowe's Companies Inc (LOW.N: Quote, Profile, Research) on Monday. Tuesday will feature day D.R. Horton Inc (DHI.N: Quote, Profile, Research), the largest U.S. home builder, and discounter Target Corp (TGT.N: Quote, Profile, Research). Clothing chain Gap Inc (GPS.N: Quote, Profile, Research) releases results on Wednesday. |
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01101749
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17-Nov-2007 09:11
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next quater going to be worse. Financial Forcast -20% earning., saw on CNBC. market going side ways |
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Pinnacle
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16-Nov-2007 23:31
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Futures trim gains after FedEx cuts outlookStock index futures trimmed gains on Friday after package delivery company FedEx Corp. (FDX.N: Quote, Profile, Research) cut its earnings forecast for the fiscal second quarter. S&P 500 futures were up 4.60 points and were above fair value, a formula to evaluate pricing taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 40 points, and Nasdaq 100 (NDc1: Quote, Profile, Research) futures were up 15.75 points. |
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Pinnacle
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16-Nov-2007 22:46
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Markets rebound at open Stocks rebounded on Friday as investors took heart from upbeat news in the tech sector, including a share buyback plan from Cisco Systems Inc. (CSCO.O: Quote, Profile, Research) and brokerage upgrade of Hewlett-Packard Co (HPQ.N: Quote, Profile, Research). The Dow Jones industrial average (.DJI: Quote, Profile, Research) was up 27.07 points, or 0.21 percent, at 13,137.12. The Standard & Poor's 500 Index (.SPX: Quote, Profile, Research) was up 1.94 points, or 0.13 percent, at 1,453.09. The Nasdaq Composite Index (.IXIC: Quote, Profile, Research) was up 13.30 points, or 0.51 percent, at 2,631.81. |
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Pinnacle
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16-Nov-2007 21:23
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Futures signal rebound heading to weekendStock index futures on Friday signaled a bounce-back after recent losses, while investor worries about weakening consumer spending and credit market losses could limit gains. On Thursday, U.S. stocks saw their sixth drop in seven sessions on worry that credit losses from mortgage defaults and slumping home prices would grow worse. Volatility could be high, analysts said. "It is Friday and it is options expiration. There could be a relief rally going into the weekend," said Andre Bakhos, president of Princeton Financial Group in Princeton, New Jersey. But, he said, "the biggest concern right now is the mounting uncertainty about what skeletons remain in the credit markets' closet." Leveraged investors like banks and hedge funds could find they must scale back lending by as much as $2 trillion due to the U.S. mortgage market crisis, Goldman Sachs said in a report. Shares of Hewlett-Packard Co (HPQ.N: Quote, Profile, Research) could rise after Morgan Stanley upgraded the stock. Fannie Mae (FNM.N: Quote, Profile, Research) said it will hold a conference call on Friday to answer accounting questions after Fortune magazine said the mortgage finance company may be "camouflaging" credit losses. S&P 500 futures rose 5.30 points and were above fair value, a formula to evaluate pricing taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 39 points, and Nasdaq 100 futures were up 8 points. Starbucks late on Thursday said for the first quarter in its history the number of visits to its established U.S. stores fell. The coffee store chain forecast 2008 earnings below many Wall Street estimates. Shares in Starbucks fell nearly 9 percent after the news. Shares of retailer Kohl's Corp (KSS.N: Quote, Profile, Research) fell 2.9 percent to $47.49 in after-hours trading on Thursday after the retailer cut its forecast for fourth-quarter earnings on expectations of flat or even declining sales. On the economic agenda, the Federal Reserve releases industrial production and capacity utilization data for October at 9:15 a.m. EST. Economists in a Reuters survey expect a 0.1 percent rise in production and a reading of 82.0 percent for capacity utilization. |
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Pinnacle
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16-Nov-2007 20:32
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S&P futures flat; worry about consumers S&P 500 stock index futures were little changed on Friday as concern about consumer spending following Starbucks Corp's (SBUX.O: Quote, Profile, Research) results and fresh credit market woes were offset by expectations for a rebound after recent losses. Fannie Mae (FNM.N: Quote, Profile, Research) said it will hold a conference call on Friday to answer accounting questions after Fortune magazine said the mortgage finance company may be "camouflaging" credit losses. Starbucks late on Thursday said for the first quarter in its history the number of visits to its established U.S. stores fell. The coffee store chain forecast 2008 earnings below many Wall Street estimates. Shares in Starbucks fell nearly 9 percent after the news. "The biggest concern right now is the mounting uncertainty about what skeletons remain in the credit markets' closet," said Andre Bakhos, president of Princeton Financial Group in Princeton, New Jersey. "The other big concern is where is the consumer. Starbucks released earnings, and they said they ratcheted down estimates because of the softening consumer market. That's what the market does not want to see." S&P 500 futures rose 1.40 points and were above fair value, a formula to evaluate pricing taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 19 points, and Nasdaq 100 futures were up 0.75 point. Shares of retailer Kohl's Corp (KSS.N: Quote, Profile, Research) fell 2.9 percent to $47.49 in after-hours trading on Thursday after the retailer cut its forecast for fourth-quarter earnings on expectations of flat or even declining sales. Volatility could be high on Friday, Bakhos said, because of options expiration. On Thursday, U.S. stocks fell for the sixth drop in seven sessions on worry that credit losses from mortgage defaults and slumping home prices would grow worse, hurting the economy and corporate profits. The Dow Jones industrial average (.DJI: Quote, Profile, Research) slid 120.96 points, or 0.91 percent, to finish at 13,110.05. The Standard & Poor's 500 Index (.SPX: Quote, Profile, Research) dropped 19.43 points, or 1.32 percent, to close at 1,451.15. The Nasdaq Composite Index (.IXIC: Quote, Profile, Research) fell 25.81 points, or 0.98 percent, to 2,618.51. |
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Littleboy
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16-Nov-2007 17:31
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U.S. celebrating Thanksgiving on 22 Nov and so their stock exchange will be closed for that day. Should I be selling of my shares to lock in the profiT first? | |||||||||||||||||||||||||||||||||||||||||||||||||||
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