Monday, January 11, 2010

Almanacs “Alcoa to kick off earnings season - MSN Money” plus 4 more

Almanacs “Alcoa to kick off earnings season - MSN Money” plus 4 more

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Alcoa to kick off earnings season - MSN Money

Posted: 11 Jan 2010 05:57 AM PST

Market DispatchesUpdated at 9:35 a.m. ET

 

Earnings season is once again upon us, with Alcoa (AA) reporting its fourth-quarter results after today's close.

 

Analysts expect earnings of a nickel per share on revenue of $4.8 billion. Aluminum prices rose 10% in the fourth quarter, which should help the company's results, though demand for the metal remains weak in the U.S.

 

Alcoa posted a loss of $1.19 billion in the fourth quarter of 2008 on revenue of $5.7 billion.

 

At 9:35 a.m. ET, the Dow Jones Industrial Average ($INDU) was up 24 points to 10,643. The Nasdaq Composite Index ($COMPX) had added 7 points to 2,324, and the Standard & Poor's 500 Index ($INX) had gained 4 points to 1,149.

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Stocks poised to start week higher - MSN Money

Posted: 11 Jan 2010 05:28 AM PST

Market DispatchesUpdated at 9:35 a.m. ET

 

Earnings season is once again upon us, with Alcoa (AA) reporting its fourth-quarter results after today's close.

 

Analysts expect earnings of a nickel per share on revenue of $4.8 billion. Aluminum prices rose 10% in the fourth quarter, which should help the company's results, though demand for the metal remains weak in the U.S.

 

Alcoa posted a loss of $1.19 billion in the fourth quarter of 2008 on revenue of $5.7 billion.

 

At 9:35 a.m. ET, the Dow Jones Industrial Average ($INDU) was up 24 points to 10,643. The Nasdaq Composite Index ($COMPX) had added 7 points to 2,324, and the Standard & Poor's 500 Index ($INX) had gained 4 points to 1,149.

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Stocks higher after China exports rise - USA Today

Posted: 11 Jan 2010 06:40 AM PST

Stocks got a lift globally after a new report showed Chinese exports jumped nearly 18% in December. The bigger-than-expected increase follows 13 straight months of declines. The increase in exports has added confidence to investors who believe a global economic rebound is well underway.

"The global economy is healing," said Roy Williams, CEO of Prestige Wealth Management Group in Flemington, New Jersey. "Things are getting a lot better.

However, Williams cautioned that the recovery will still face challenges.

There's still "a lot of potholes to be leery of as we're driving down the highway," he said. On Friday, a report on December employment was showed higher than expected job losses.

Investors are set to buy into the market ahead of the start of earnings season. Alcoa kicks off the flood of reports that will provide insight into how fast the economy is recovering. The aluminum company reports results after the market closes.

Economists polled by Thomson Reuters predict Alcoa earned 6 cents per share in the fourth quarter.

Williams said quarterly results will drive the market in the coming weeks. Revenue should start to show some signs of growth, which is considered vital to a strong recovery, but not necessarily improve "across the board," he said.

The upbeat report from China has also bolstered commodity prices. A rise in production would push demand for resources higher.

Gold and oil are both sharply higher. Oil rose 85 cents to $83.60 a barrel, while gold is up $19.10 to $1,158.00 an ounce.

In further signs of an improving economy, corporate dealmaking continues to pick up steam. Heineken NV said it will buy the beer-making operations of Mexico's Femsa in an all-stock deal that values Femsa at $5.5 billion. Femsa makes Dos Equis, Tecate and Sol beers.

Stocks are looking to build on a strong first week to the new year. The Dow advanced 1.8%, the S&P 500 index jumped 2.7% and the Nasdaq added 2.1% last week.

Investors brushed off a disappointing report on employment Friday, sending stocks modestly higher to close out the week. The Labor Department said employers cut 85,000 jobs in December, far more than the 8,000 cuts forecast by economists polled by Thomson Reuters. The report was somewhat offset by a revision that showed companies added 4,000 jobs in November, the first gains in nearly two years.

Wall Street's rise during the first week of the year is a promising sign for things to come. The S&P 500 has posted full-year gains 31 of the last 36 times the index rose during the first week of the year, according to the Stock Trader's Almanac.

Meanwhile, bond prices were little changed Monday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.83% from 3.84% late Friday. The yield on the three-month T-bill, considered one of the safest investments, was unchanged at 0.04%.

The dollar fell against other major currencies.

Overseas, Hong Kong's Hang Seng index rose 0.5%. Japan's market was closed for a holiday.

Britain's FTSE 100 rose 0.6%, Germany's DAX index gained 0.7%, and France's CAC-40 climbed 0.7%.

Stocks open higher, following overseas gains - Yahoo Finance

Posted: 11 Jan 2010 06:33 AM PST

NEW YORK (AP) -- Stocks rose in early morning trading Monday, following strong gains in overseas markets.

Major indexes are getting a lift globally after a new report showed Chinese exports jumped by nearly 18 percent in December. The bigger-than-expected increase follows 13 straight months of declines. The increase in exports has added confidence to investors who believe a global economic rebound is well under way.

"The global economy is healing," said Roy Williams, CEO of Prestige Wealth Management Group in Flemington, N.J. "Things are getting a lot better.

However, Williams cautioned that the recovery will still face challenges.

There's still "a lot of potholes to be leery of as we're driving down the highway," he said. On Friday, a report on December employment showed higher than expected job losses.

Investors are buying into the market ahead of the start of earnings season. Alcoa Inc. kicks off the flood of reports that will provide insight into how fast the economy is recovering. The aluminum company reports results after the market closes.

Economists polled by Thomson Reuters predict Alcoa earned 6 cents per share in the fourth quarter.

Williams said quarterly results will drive the market in the coming weeks. Revenue should start to show some signs of growth, which is considered vital to a strong recovery, but not necessarily improve "across the board," he said.

In early morning trading, the Dow Jones industrial average rose 9.53, or 0.1 percent, to 10,627.72. The Standard & Poor's 500 index rose 2.62, or 0.2 percent, to 1,147.60, while the Nasdaq composite index climbed 2.79, or 0.1 percent, to 2,319.96.

The upbeat report from China has also bolstered commodity prices. A rise in production would push demand for resources higher.

Gold and oil are both sharply higher. Oil rose 43 cents to $83.18 a barrel, while gold is up $16.80 to $1,155.70 an ounce.

The dollar has also declined, adding to the strength of commodities.

In further signs of an improving economy, corporate dealmaking continues to pick up steam. Heineken NV said it will buy the beer-making operations of Mexico's Femsa in an all-stock deal that values Femsa at $5.5 billion. Femsa makes Dos Equis, Tecate and Sol beers.

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Stock futures higher after China exports rise - Yahoo Finance

Posted: 11 Jan 2010 05:57 AM PST

NEW YORK (AP) -- Stocks rose in early morning trading Monday, following strong gains in overseas markets.

Major indexes are getting a lift globally after a new report showed Chinese exports jumped by nearly 18 percent in December. The bigger-than-expected increase follows 13 straight months of declines. The increase in exports has added confidence to investors who believe a global economic rebound is well under way.

"The global economy is healing," said Roy Williams, CEO of Prestige Wealth Management Group in Flemington, N.J. "Things are getting a lot better.

However, Williams cautioned that the recovery will still face challenges.

There's still "a lot of potholes to be leery of as we're driving down the highway," he said. On Friday, a report on December employment showed higher than expected job losses.

Investors are buying into the market ahead of the start of earnings season. Alcoa Inc. kicks off the flood of reports that will provide insight into how fast the economy is recovering. The aluminum company reports results after the market closes.

Economists polled by Thomson Reuters predict Alcoa earned 6 cents per share in the fourth quarter.

Williams said quarterly results will drive the market in the coming weeks. Revenue should start to show some signs of growth, which is considered vital to a strong recovery, but not necessarily improve "across the board," he said.

In early morning trading, the Dow Jones industrial average rose 9.53, or 0.1 percent, to 10,627.72. The Standard & Poor's 500 index rose 2.62, or 0.2 percent, to 1,147.60, while the Nasdaq composite index climbed 2.79, or 0.1 percent, to 2,319.96.

The upbeat report from China has also bolstered commodity prices. A rise in production would push demand for resources higher.

Gold and oil are both sharply higher. Oil rose 43 cents to $83.18 a barrel, while gold is up $16.80 to $1,155.70 an ounce.

The dollar has also declined, adding to the strength of commodities.

In further signs of an improving economy, corporate dealmaking continues to pick up steam. Heineken NV said it will buy the beer-making operations of Mexico's Femsa in an all-stock deal that values Femsa at $5.5 billion. Femsa makes Dos Equis, Tecate and Sol beers.

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.
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