US stock market daily report. (February 08, 2010, Monday)

Date: 8 February 2010
Contributed by Millennium Traders

By Millennium Traders

CIT Group announced Sunday that former Merrill Lynch CEO John Thain will be their new CEO. CIT feels confident that Mr. Thain will be able to help repair the company and their image; the financial lender filed for bankruptcy protection last year and suddenly pulled out in December before it was finalized. John Thain left Bank of America in January 2009; Merrill Lynch was sold to Bank of America in September of 2009. There was ongoing controversy over losses, bonus payments and excess spending, it was also reported that Thain spent over $1 million when he worked at Merrill Lynch in '08 to redecorate his office. Thain will take over as Ceo of CIT immediately, replacing Peter Toblin who took over after former CEO Jeffrey Peek retired from CIT on January 15th; Peter Toblin will remain at CIT and serve on the board of directors. It is reported that CIT will pay Thain an annual cash salary of $500,000, along with over $5 million a year in stock. CIT also offered the new CEO up to $1.5 million in bonuses, but that will be based off of the company's performance and will also be decided by the company's board of directors. Thain has quiet the impressive resume, he served as CEO for the New York Stock Exchange and also worked for Goldman Sachs for many years. In a statement Thain said, "Much has been accomplished in recent months to position CIT for renewed success, we will build upon this progress and work even harder to support small and mid-market businesses. CIT can and will serve an important role in the recovery of the U.S. economy and the creation of jobs." Investors responded well to the news, shares of the company rose in early morning trading.

CVS reported a gain of $0.74 a share, or $1.05 billion in the fourth quarter, up from the $949 million they earned in the same quarter last year. Net revenue for the fourth quarter increased by $1.7 billion to $25.8 billion; analysts' expected revenue of $26.43 billion. Hasbro reported an increase of $1.09 per share, or $165.6 million, up from $93.6 million in the same quarter last year. With investors still focusing on the troubles in Europe stock slipped today; commodity and energy prices rallied. Bond prices fell, the yield on the benchmark 10-year note rose to 3.59 from 3.56 Friday. Gold rose $17.20 to $1,070.00 an ounce and crude oil rose $0.39 to $71.58 a barrel, the fall in the dollar helped commodity prices rise in the trading session.

Economic data released today: N/A

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 101.12 points, EOD 9,911.11
NYSE (New York Stock Exchange) shed 68.88, EOD 6,713.87
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 15.33 points, EOD 2,125.79
S&P 500 (SPX) shed 9.57 points, EOD 1,056.62
BEL 20 (BEL20) gain 9.63 points, EOD 2,402.15
CAC 40 (CAC40) gain 43.51 points, EOD 3,607.27
FTSE100 (UKX100) gain 31.41 points, EOD 5,092.33
NIKKEI 225 (NIK/O) shed 105.27 points, EOD 9,951.82

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,109 declined stock prices 1,993, unchanged stock prices 80, stock prices hitting new highs 33 and stock prices hitting new lows 15. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: HAS gain 3.91, HOD 35.19, LOD 33.53, EOD 34.71; LO shed 0.29, HOD 75.55, LOD 73.70, EOD 74.21; MA gain 5.65, HOD 228.46, LOD 220.17, EOD 226.39; FAS shed 3.68, HOD 65.97, LOD 61.70, EOD 61.82; CME shed 0.52, HOD 293.83, LOD 280.18, EOD 280.28; MON shed 2.53, HOD 76.74, LOD 74.06, EOD 74.21; POT shed 1.97, HOD 105.63, LOD 101.30, EOD 101.51; CGA shed 0.53, HOD 14.69, LOD 13.33, EOD 13.49; CNA shed 1.03, HOD 23.58, LOD 22.52, EOD 22.55.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 945, declined stock prices 1,723, unchanged stock prices 117, stock prices hitting new highs 27 and stock prices hitting new lows 30. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AAPL shed 1.34, HOD 197.38, LOD 194.06, EOD 194.12; ISRG shed 1.46, HOD 328.69, LOD 321.96, EOD 323.95; OTEX gain 1.07, HOD 46.89, LOD 45.28, EOD 46.51; DBTK gain 0.24, HOD 8.53, LOD 8.16, EOD 8.46; STLD shed 0.14, HOD 15.20, LOD 14.45, EOD 14.85; MSTR gain 2.13, HOD 81.94, LOD 78.10, EOD 81.26; AMAG shed 1.10, HOD 40.15, LOD 36.38, EOD 36.67.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 226, declined stock prices 259, unchanged stock prices 55, stock prices hitting new highs 3 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1055.75; Change -4.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,736.50; Change -8.50
E-mini DOW $5 (YM) Mar 10: EOD 9,898; Change -43
E-mini S&P MidCap 400 (MF) Mar 10: EOD 692.10; Change 2.00
Nikkei 225 (Yen) Mar 10: EOD 9,870; Change -105

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7321 U.S. Dollars 1.3659
Japanese Yen 89.3200 to U.S. Dollars 0.0112
British Pound 0.6412 to U.S. Dollars 1.5596
Canadian Dollar 1.0743 to U.S. Dollars 0.9308
Swiss Franc 1.0725 to U.S. Dollars 0.9324

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (March 10) gain $0.68, EOD $71.87 per barrel ($US per barrel)
Heating Oil (March 10) gain $0.01, EOD $1.89 a gallon ($US per gallon)
Natural Gas (March 10) shed $0.11 EOD $5.41 per million BTU ($US per mmbtu.)
Unleaded Gas (March 10) gain $0.01 EOD $1.89 gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 10) gain $13.20, EOD $1,066.00 ($US per Troy ounce)
Silver (March 10) gain $0.27, EOD $15.10 ($US per Troy ounce)
Platinum (April 10) gain $0.40, EOD $1,475.50 ($US per Troy ounce)
Copper (March 10) gain $0.07, EOD $2.93 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) gain $2.05, EOD $68.78
Pork Bellies (May 10) gain $2.00, EOD $82.00
Live Cattle (April 10) gain $0.40, EOD $90.80
Feeder Cattle (March 10) gain $0.90, EOD $99.23

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 10) gain $5.00, EOD $356.50
Soybeans (March 10) gain $18.50, EOD $929.50

BOND MARKET:
2 year EOD 100 6/32, change 0, Yield 0.77, Yield change 0.01
5 year EOD 99 30/32, change -3/32, Yield 2.26 Yield change 0.03
10 year EOD 98 10/32, change -3/32, Yield 3.57 Yield change 0.01
30 year EOD 97 25/32, change 7/32, Yield 4.51, change -0.01

New!
Stock Market Forums (US, Europe, Asia)
Free Membership

Latest USA Stock Market Reports

US stock market daily report (September 01, 2010, Wednesday)
Stocks rallied in the first trading session in September, with the Dow being up triple digits. Thanks to a better than expected report on manufacturing, all three major indexes were on the rise. Typically in September, stocks post losses for the month. Investors say that maybe this year's September was in August. Stocks took a big hit in August; all three major indexes reported pretty significant losses. Coming in first was the Nasdaq; the index lost 6.2% in August, the Standard & Poor's 500 index is down 4.7% and the Dow Jones Industrial Average lost 4.3%. Recently when economic reports are released and they are better than expected stocks rise. Investors are looking for any positive news on the economy. They have feared throughout the summer that the economic recovery is headed towards a stand still. Analysts believe that the market will more than likely continue to fall overall. Despite the weary report from ADP stocks continued to rise. ADP is a payroll processing firm whose report is used as a way to tell what kind of report we will get from the Labor Department in their weekly report on the job market. ADP reported that employers cut 10,000 jobs in August, down from the 37,000 jobs added in July.

US stock market daily report ( August 31, 2010, Tuesday)
It was reported today that the amount of U.S. Banks in trouble is at a high that hasn't been seen since 1993. In a government report, the number of banks that have a possibility of filing doubled since last year. In the Federal Deposit Insurance Corp's quarterly survey, it showed an increase by 53 banks, taking the overall number to 829 banks being watched to fail. Just because the FDIC is watching these banks doesn't necessarily mean the financial institution will fail, it is just struggling. Few banks on the list actually get to that point; only 13% of banks on the list close. Last year the FDIC list reached 416, but in the first quarter of 2010 it rose to 775. In the report, it showed that 118 financial institutions have closed this year, and 45 of them were closed just in the second quarter.

US stock market daily report (August 30, 2010, Monday)
Today's stock market news wasn't the news investors were looking for to continue the rallies of Friday. Investors remained cautious in the first trading day of the week; stocks were headed lower after a positive report on consumer spending. This morning the Commerce Department reported that consumer spending rose 0.4% in July, up from the 0.1% it rose in June. Analysts' were looking for spending to rise by 0.2%, so were pleasantly surprised. Personal incomes rose in July; there was a rise by 0.2%, unchanged from the previous month. Analysts' were expecting to see spending rise by 0.3%. Analysts' say without a steady rise in personal income that the rise in consumer spending will only be temporarily

USA Stocks Recommendations

Intel Corp. (Nasdaq:INTC) is poised to top estimates over the next two quarters, 8 September 2009
Intel Corp. (Nasdaq: INTC) is a cyclical company. That is, its stock does extremely well when the economy is ready to accelerate, and does poorly when the economy decelerates. So it’s no wonder that last year the stock fell more than 50% from the record-high of $27.78 a share it reached December 2007. However, the company has rallied more than 50% from its Feb. 23 low of $12.08 a share. It closed Friday at $19.64.

Verint Systems price target reduced, 7 December 2007
RBC Capital Markets reduced its price target on Verint Systems from $34 to $25.

Thomas Weisel upgraded Intel to "overweight", 6 December 2007
Thomas Weisel Partners analyst Kevin Cassidy lifted price target on Intel shares from $28 to $33 per share, citing an expected jump in computer demand during 2008.

USA News

Factories Are Humming Along, Albeit Not at a Robust Pace, 2 September 2010

Tax Rates, Business Investment, Personal Saving Rates: We Report, You Decide, 1 September 2010

Nitty Gritty Details of the Labor Market Make Headlines, 31 August 2010

Bernanke Presents Fed’s Options and Indicates Deflation Not a Significant Risk, 30 August 2010

Bernanke’s Speech on August 27 – What to Look For, 27 August 2010

Stock Market News: All News | USA News | Indian News | China News

Stock Market Reports: All Stock Reports | USA Stock Market Reports | Indian Stock Market Reports | China Stock Market Reports | Russian Stock Market Reports

About Us | Privacy Policy | Contacts | Links | Contributors