Tuesday 19 July, 2011 - AMC
| Dow | 12,587.42 | +202.26 | +1.63% |
| Nasdaq | 2,826.52 | +61.41 | +2.22% |
| S&P 500 | 1,326.73 | 0.00 | 0.00% |
| Russell 2000 | 834.62 | 0.00 | 0.00% |
Tuesday 19 July, 2011 Economic Data
| 8:30am | USD | Building Permits |  | 0.62M | 0.61M | 0.61M |  | |
| 8:30am | USD | Housing Starts | | 0.63M | 0.58M | 0.55M  | | |
| 1:30pm | USD | President Obama Speaks |  |
Sectors Performance
What move the market
Earnings generally exceed expectations
Tech shows leadership, but financials lag
Housing starts and building permits best expectations
Read more: http://briefing.com/investor/markets/stock-market-update/#ixzz1Scj2uy4W
Commodities
Treasury Yield
Notable Earnings
(4:33 pm ET)| Yahoo meets expectations with mixed results(4:10 pm ET) SAN FRANCISCO (MarketWatch) - Yahoo Inc. (YHOO: news, chart, profile) said Tuesday its second-quarter net income rose to $237 million, or 18 cents a share, from $213 million, or 15 cents a share in the same period last year. The Sunnyvale, Calif.-based Internet media firm said net revenue for the period ended June 30 fell 5% to $1.1 billion. Analysts polled by FactSet Research had expected Yahoo to report second-quarter earnings of 18 cents a share, and $1.1 billion in net revenue. | |
VMware earnings nearly triple to $220 million (4:09 pm ET)SAN FRANCISCO (MarketWatch) -- VMware Inc. (VMW: news, chart, profile) on Tuesday reported a fiscal second-quarter profit of $220 million, or 51 a share, on revenue of $921 million, compared with earnings of $75 million, or 18 a share on $674 million in sales in the same period a year ago. Excluding one-time items, VMware would have earned $235 million, or 55 cents a share Analysts surveyed by FactSet Research had forecast VMware to earn 47 cents a share on revenue of $872 million. The company also said that for its third quarter, it expects sales in a range of $915 million to $940 million. |
| Johnson & Johnson Q2 sales rise; price target kept(8:31 am ET) NEW YORK (MarketWatch) -- Johnson & Johnson (JNJ: news, chart, profile) on Tuesday reported second quarter earnings of $2.78 billion or $1 a share, compared to $3.45 billion, or $1.23 a share in the year ago period. Excluding one-time items, second quarter earnings were $3.55 billion, or $1.28 a share, compared to $3.38 billion or $1.21 a share. Total revenue was $16.6 billion, 8.3% higher than the same period last year. Analysts surveyed by FactSet Research expected earnings of $1.24 a share, on revenue of $16.24 billion. The healthcare products and pharmaceuticals company maintained its earnings guidance for 2011 of $4.90 to $5 a share. Johnson & Johnson shares rose a fraction in pre-market trading. | |
Goldman Sachs shares drop 3.5% to 52-week low (8:18 am ET)NEW YORK (MarketWatch) -- Shares of Goldman Sachs Group Inc. (GS: news, chart, profile) fell as much as 3.5% to a 52-week low in premarket trade Tuesday, after missing earnings targets. The company said that its second-quarter profit rose to $1.09 billion, or $1.87 a share, from $613 million, or 78 cents a share a year ago. Analysts polled by FactSet Research had expected the company to earn $2.35 a share, or revenue of $8.19 billion. The stock traded at $125.39 a share at the latest. |
| Harley-Davidson net up; shipment estimate rises(7:35 am ET) NEW YORK (MarketWatch) -- Harley-Davidson Inc., (HOG: news, chart, profile) the Milwaukee motorcycle producer, reported second-quarter net income more than doubled on 18% higher revenue, and it increased its estimate of shipments for the full year. For the quarter Harley-Davidson earned $190.6 million, or 81 cents a share, compared with $71.2 million, or 30 cents, in the year-earlier quarter. Continuing operations generated profit of 81 cents a share against 59 cents. Revenue reached $1.34 billion from $1.14 billion. A survey of analysts by FactSet Research produced consensus estimates of 72 cents a share on revenue of $1.26 billion. The company now expects shipments to rise 8% to 12% this year, to a range of 228,000 to 235,000 motorcycles. |
(7:23 am ET)NEW YORK (MarketWatch) -- Bank of America Corp., (BAC: news, chart, profile) the Charlotte, N.C., banking firm, reported a second-quarter net loss of $8.8 billion, or 90 cents a share, against net income of $3.1 billion, or 27 cents, in the year-earlier period. Adjusted net income was 33 cents a share against 27 cents. A survey of analysts by FactSet Research produced a consensus estimate for the quarter of a loss of 85 cents. Bank of America said the results reflected its effort to resolve nearly all the legacy repurchase exposure of Countrywide as well as other mortgage-related costs. Credit costs dropped, sales-and-trading revenue improved and fees from asset management and investment banking climbed, the firm said.
UnitedHealth profit up 13%, raises outlook(6:26 am ET)
FRANKFURT (MarketWatch) -- UnitedHealth Group Inc. (UNH: news, chart, profile) on Tuesday said second-quarter earnings jumped 12.8% to $1.27 billion, or $1.16 a share, from $1.12 billion, or 99 cents a share, in the same period a year ago. Revenues rose to $25.2 billion from $23.3 billion. A survey of analysts by FactSet Research produced a consensus forecast of 91 cents a share. The Minnetonka, Minn.-based health-care company said the results were highlighted by strong revenue growth from both its UnitedHealthcare and Optum businesses. The company raised its full-year 2011 projections for revenue to $101 billion, with net earnings now seen in the range of $4.15 to $4.25 a share. The company previously forecast full-year earnings of $3.95 to $4.05 a share. Analysts expect full-year profit of $4.20 a share, according to FactSet.
(6:26 am ET)FRANKFURT (MarketWatch) -- UnitedHealth Group Inc. (UNH: news, chart, profile) on Tuesday said second-quarter earnings jumped 12.8% to $1.27 billion, or $1.16 a share, from $1.12 billion, or 99 cents a share, in the same period a year ago. Revenues rose to $25.2 billion from $23.3 billion. A survey of analysts by FactSet Research produced a consensus forecast of 91 cents a share. The Minnetonka, Minn.-based health-care company said the results were highlighted by strong revenue growth from both its UnitedHealthcare and Optum businesses. The company raised its full-year 2011 projections for revenue to $101 billion, with net earnings now seen in the range of $4.15 to $4.25 a share. The company previously forecast full-year earnings of $3.95 to $4.05 a share. Analysts expect full-year profit of $4.20 a share, according to FactSet.
Technical Updates
Wednesday 20 July, 2011 BMO
Wednesday 20 July, 2011 Economic Data
| Jul 20 |  10:00am | USD | Existing Home Sales | | 4.92M | 4.81M | | ||
| 10:30am | USD | Crude Oil Inventories |  | -1.5M | -3.1M | |
News
Earnings
Almanac
Summary
- Once again AAPL has beats earnings estimate.
- The dollar drifted lower Wednesday, after getting a lift earlier from hopes of progress on ongoing U.S. debt-ceiling talks - President Barack Obama cited “some progress” Tuesday in talks with lawmakers about raising the U.S. debt limit, and praised a new so-called “Gang of Six” plan in the Senate that would cut $3.7 trillion from deficits over 10 years.The bill passed in the House Tuesday would raise the debt limit by $2.4 trillion but would be accompanied by mandatory spending cuts of $380 billion in fiscal year 2012 in addition to a balanced-budget amendment.
- Strong Tech stock earnings leading
- strong gain on DOW yesterday
- Good news spread and mass market jump on the wagon
Market Direction : Up
Accuracy : (8/12)
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