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3 Things to Know Before Markets Open

by Aashish Natani - on Sep 20th 2012 - No Comments

Northern,WI  9/20/2012 (BasicsMedia)  —  3 Things to Know Before Markets Open are as follows..

  • Markets in Asia sold off in overnight trade, with Japan’s Nikkei off 1.6 percent. Shares in Europe are lower and U.S. futures point to a negative open.

 

  • Manufacturing in China continued to contract in September, new data out of HSBC shows. The flash Chinese PMI reading improved 20 basis points to 47.8, below the neutral reading of 50.
  • Japan’s trade deficit widened to ¥ 754.1 billion, or $9.62 billion, as exports declined 5.8 percent from the year-ago period. The reading was better than expectations for a ¥829.3 billion deficit.
  • Spain successfully sold €4.8 billion worth of three- and ten-year bonds this morning, exceeding targets by €300 million. Yields on the ten-year fell to 5.666 percent from 6.647 percent a month earlier. Demand also improved, with a bid-to-cover ratio of 2.85 during the auction.
  • Eurozone manufacturing jumped to a six month high, even as the region’s service sector weighed on the economy. Flash manufacturing PMI for the eurozone improved to 46.0 from 45.1 a month earlier. Composite PMI, which includes services, fell to 45.9.
  • U.K. retail sales declined 0.2 percent in August, better than a 0.3 percent drop economists were forecasting. The fall was attributed to the Olympics, which distracted consumers from online shopping.
  • Adobe missed earnings expectations yesterday and set guidance for the fourth quarter that was sharply below analyst forecasts. The company said it earned $0.58 a share in its fiscal third quarter and projected it would earn $0.53 to $0.58 in the fourth quarter. Analysts were looking for guidance of $0.67 a share
  • Nike announced an $8 billion share buyback program overnight. The new buybacks come on top of $5 billion worth of shares the company will re-purchase.
  • Bank of America is speeding up job cuts as it plans to cut its workforce by 16,000 employees by year’s end, the Wall Street Journal’s Dan Fitzpatrick reports. The company expects to have smaller mortgage operations and fewer branches.
  • U.S. economic announcements kick off at 8:30 a.m. with initial jobless claims. Economists surveyed by Bloomberg forecast claims fell to 375,000. At 10:00 a.m. the Philadelphia Federal Reserve will put out its regional manufacturing report, with economists looking for an improvement to -4.5.
  • Markets yesterday moved sideways as we trudge through earnings season.  Clues about the strength of the consumer (outside of buying iPhones) is questionable.  The markets seem to be waiting for some QE3 stimulus as we head into Q4.

 

Disclaimer: We have no position in any stock mentioned here, nor are we paid to write.

LiveDeal (NASDAQ:LIVE): Whats Behind Door Number 3

by Steven Campbell - on Sep 19th 2012 - No Comments

Northern,WI  9/19/2012 (BasicsMedia)  —  LiveDeal (NASDAQ:LIVE): Whats Behind Door Number 3 is a good question, but a better observation is that between June 15th and August 15th shares of LiveDeal went from (the current) $5 level to $15 ….a nice triple ….and back down in 60 days. Looking back through headlines the...

Groupon (NASDAQ:GRPN): Mobile Revenue Rescue

by Cyrus Emen - on Sep 19th 2012 - No Comments

Northern, WI  9/19/2012 (BasicsMedia)  —  Groupon (NASDAQ:GRPN): Mobile Revenue Rescue are words that must ring loud for Social Media stocks.  Not just Groupon but FaceBook (Nasdaq:FB) who operates as a social networking company worldwide.  As of February 2, 2012, it had 845 million monthly users and 443 million daily users...

Earnings Movers: Breakfast Chairs to Software (ADBE, CBRL, MLHR)

by Kenneth Hall - on Sep 19th 2012 - No Comments

Northern, WI  9/19/2012 (BasicsMedia)  —  Earnings Movers : Breakfast Chairs to Software (ADBE, CBRL, MLHR) all report today.  Lets review them prior to release of earnings for the previous quarter.   Adobe (NADAQ:ADBE)  is projecting to return +.58 EPS today after the close and most of Wall Street are sitting on the sidelines...

JetBlue (NASDAQ:JBLU): Free WiFi During Flights to Become Standard

by Paul Rados - on Sep 19th 2012 - No Comments

Northern,WI  9/19/2012 (BasicsMedia)  —  JetBlue (NASDAQ:JBLU): Free WiFi During Flights to Become Standard for the industry and it figures JetBlue (JBLU) would be the catalyst for customer service in the air, who frankly gives a crap about peanuts or tomato juice, we want to work, watch or communicate and get on with our travel.   JetBlue’s...

3 Things to Know Before Markets Open

by Brian Campbell - on Sep 19th 2012 - No Comments

Northern, WI 9/19/2012 (BasicsMedia)  —  3 Things to Know Before Markets Open Blackstone to buy Vivint for $2B. Blackstone (BX) has agreed to acquire Vivint for $2B from initial investors Goldman Sachs (GS), Jupiter and Peterson, Vivint CEO Todd Pedersen has told Bloomberg, confirming earlier speculation. The company provides...

Lou Brien: Sometimes Dots Not Connected

by Ryan Hurley - on Sep 18th 2012 - No Comments

Northern, WI  9/18/2012 (BasicsMedia)  —  Lou Brien: Sometimes Dots should not be connected, But sometimes they are anyway.  says Lou Brien a respected market watcher.. ” I received an email the other day, it said; “Are you guys watching this? This is getting to be nuts!” The attachment to the text was a series of...

Yahoo (NASDAQ:YHOO): Wisconsin Girl is all Cashed up

by Steven Campbell - on Sep 18th 2012 - No Comments

Northern, WI  9/18/2012  (BasicsMedia)  —  Yahoo (NASDAQ:YHOO): Wisconsin Girl is all Cashed up and it’s hard to believe this stock had a dibilitating sell off in April 2011 when many thought the company would fall into hat sizes and never come back.  Today the company got $4.3B in cash from it’s Alibaba stake,...

FaceBook (Nasdaq:FB): Selling Subsides Zuckerberg Bottom

by Steven Campbell - on Sep 18th 2012 - No Comments

Northern,WI  9/18/2012 (BasicsMedia)  —  FaceBook (Nasdaq:FB): Selling Subsides into the Zuckerberg Bottom and trotting out the CEO worked for FaceBook.  I’m not sure Zuckerberg liked the spotlight, but considering he helped himself, he will be persuaded to do this again.  Selling seems to have subsided from isiders,...

Dow Jones (NYSE:DIA): Markets to Open Lower as Rally Chugs

by Kevin Thompson - on Sep 18th 2012 - No Comments

Northern,WI  9/17/2012 (BasicsMedia)  —  Dow Jones ( NYSE:DIA): Markets to Open Lower as Rally Chugs..the overall market has had a nice run in 2012 as most indexes are up near double digits.  The DOW is up 9% in 2012 so far and most of this gain has come since July.  It is nothing for markets to pull back 5% and the confluence...