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iPunter 07-Feb-2007 23:54
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Dow is UP ... +33pts

iPunter 07-Feb-2007 22:31
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Still waiting for Billywows... :)

billywows 07-Feb-2007 00:21
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MARKET SNAPSHOT

U.S. stocks turn lower as techs weigh

Cisco falls ahead of earnings; Hewlett-Packard weighs on Dow

By Nick Godt, MarketWatch

Last Update: 11:13 AM ET Feb 6, 2007

NEW YORK (MarketWatch) - U.S. stocks turned lower on Tuesday, as weakness in technology affected sentiment, with investors cautiously awaiting for the release of earnings from Cisco Systems Inc. after the close.

Caution also continued to temper the advance of a broad market that's been struggling to find direction as the fourth-quarter earnings season start winds down.

"This has been the trend lately," said Michael Malone, trading analyst at Cowen & Co. "We're sort of melting higher."

The Dow Jones Industrial Average shifted in and out of positive territory, and was last down 5 points at 12.656.

The S&P 500 fell 0.1 points to 1,446, while the Nasdaq Composite fell 9.4 points at 2,461.

The Dow was weighed by shares of Hewlett-Packard Co., which fell 1% after news that Eastman Kodak is introducing a competing line of higher-priced printers that feature lower-priced cartridges.

Broad weakness among blue chips offset gains from the likes of Alcoa Inc., Dupont and Coca Cola Co.

Wal-Mart Stores Inc. also gained 0.3% after the retailer announced that it is testing a possible video download service that would offer more than 3,000 films and television shows.

Wal-Mart's download service will compete with that of Apple Inc., whose shares dropped 0.6%.

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billywows 07-Feb-2007 00:10
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Bernanke will discuss economic well-being in Omaha in the early afternoon. Moskow will speak at 1 pm (2am S'pore Time) Eastern and Yellen will review the Asian financial crisis of the late 1990s at 3.30 p.m (4.30am S'pore Time)Eastern.

Dow down 5 points and Nasdaq down 8 points now .... FLAT!

iPunter 06-Feb-2007 22:16
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Great post, as usual ... :)

billywows 06-Feb-2007 21:39
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INDICATIONS

U.S. futures up before Paulson, Bernanke speeches

Wal-Mart set to launch video download service

By Steve Goldstein & Tomi Kilgore, MarketWatch

Last Update: 7:50 AM ET Feb 6, 2007

LONDON (MarketWatch) -- U.S. stock futures sported a tepid rise on Tuesday ahead of speeches from Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke, with Wal-Mart's move into the video download market likely to be a focus.

S&P 500 futures edged up 1.30 points at 1,455.00 and Nasdaq 100 futures rose 3.50 points at 1,809.00. Dow industrial futures improved 12 points to 12,715.

U.S. stocks closed little moved on Monday despite a flurry of deals. The Dow industrials ended up 8 points, while the Nasdaq Composite dropped 5 points and the S&P 500 declined 1.4 points.

There's not much in the way of economic releases from the U.S. on Tuesday, but Treasury Secretary Paulson is due to testify before the U.S. Ways and Means committee at 10 a.m. Eastern, and Fed Chairman Bernanke will make a speech in Omaha, Neb. at 1:30 p.m.

Fed presidents Michael Moskow and Janet Yellen also will be delivering speeches.

The dollar was mixed, slipping against the euro but mostly unchanged vs. the yen. Gold futures tacked on $3.60 to $659.70 an ounce in electronic trading.

Oil futures rose 94 cents to $59.67 a barrel in electronic trading, and has now gained 15% over the last 3 weeks.

Wal-Mart said it was launching a test version of a video download service, which will include more than 3,000 movies and TV titles from major Hollywood studios and TV networks.

The service will compete with Apple Inc.'s download service. The stock was up 0.4% at $84.25 in pre-open trading.

Eastman Kodak may also be in focus on the introduction of higher-priced printers with lower-priced cartridges. That will put the company in competition with Hewlett-Packard, Canon, Seiko Epson and Lexmark International.

In earnings news, Tyco International reported fiscal first-quarter earnings and revenue that rose over year-earlier levels. Excluding non-recurring items, earnings would have topped Wall Street forecasts.

Duke Energy reported fourth-quarter earnings that fell from last year, but results excluding non-recurring items topped expectations.

National Semiconductor shares declined 2% in Frankfurt after the company said it now expects third-quarter revenue to decrease 14% to 15% from the $501.6 million reported in the second quarter because of lower shipments. National Semi previously expected third-quarter revenue to be down 8% to 11% sequentially.

Networking bellwether Cisco Systems reports results after the close. The stock was up 0.6% at $27.65 in pre-open trading.

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billywows 05-Feb-2007 23:44
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Dow up 8 points and Nasdaq down 1 point now ... Flattish Mixed! Think it' a Flat day!?

billywows 05-Feb-2007 23:04
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10:01 - U.S. Jan. ISM services 59.0% vs. 56.7% December

10:01- U.S. Jan. ISM services 59.0% vs. 57.0% expected

billywows 05-Feb-2007 23:01
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Dow down 17 points and Nasdaq down 4 points now ... Flat day!

billywows 05-Feb-2007 22:47
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US market swinging up after opening flattiah down. Dow up 1 point and Nasdaq up 4 points now ...

billywows 05-Feb-2007 22:29
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MARKET SNAPSHOT

U.S. stocks to pull back at Monday's opening

But investors are encouraged by new Dow Jones Transports highs

By Leslie Wines, MarketWatch

Last Update: 9:13 AM ET Feb 5, 2007

NEW YORK (MarketWatch) - U.S. stocks are headed for a lower opening Monday as investors assess recent gains, but Wal-Mart Stores is likely to trade higher after the retail giant gave a preliminary same-store sales report that exceeded a prior forecast.

In the financial sector, State Street Corp. agreed to buy Financial Services Corp.for about $4.5 billion in stock.

The futures contract for the Dow Jones Industrial Average last was down 14 points at 12,675.

The S&P 500 and the Nasdaq 100 were 2 points lower at 1,451.10 and down 1.2 points at 1,806.0.

U.S. stocks closed mixed Friday but chalked up gains for the week. A weaker-than-expected January employment report eased investor concern about inflation but weighed on economically-sensitive stocks on the Dow Jones Industrial Average.

A sense of caution should prevail at Monday's opening, although investors remain encouraged that the Dow Jones Transports, which had been lagging the Dow industrials, on Friday set a new high. The Russell 2000 also set a fresh record.

The new high in the Dow Jones transportation stocks confirmed the Dow industrials' recent gains, according to followers of the Dow Theory.

"The averages saw confirmation from both the Russell 2000 and the Dow Jones Transports," said Marc Pado, chief U.S. market strategist at Cantor Fitzgerald.

"These intermediate to long-standing divergences had weighed on sentiment," Pado said. "However, they joined the party last week, confirming a continuation of the bull market in 2007."

The data highlight of the day will be the Institute for Supply Management's non-manufacturing index for January, which is due at 10 a.m. Eastern.

The MarketWatch forecast, based on a poll of economists, is for a headline reading of 57.0%, which would be slightly higher than the 56.7% reading produced in December.

In pre-market electronic trade, shares of Wal-Mart Stores Inc. rose 1.3% to $48.69. Over the weekend, Wal-Mart gave a preliminary estimate for a 2.2% rise in comparable-stores sales for January, beating the retailer's prior forecast for a gain of 1% to 2%.

The news wasn't all good. The world's biggest retailer also said same-store sales rose 2% on the year - its lowest annual growth rate in 25 years.

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