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acls...
$1.90 x $2,000.00
Stock futures edge lower ahead of opening
Stock futures fall slightly, a day after the Dow dropped 225 points on Greece debt worries
Buzz up! 0 Print..Topics:International.Stephen Bernard, AP Business Writer, On Wednesday May 5, 2010, 6:47 am
NEW YORK (AP) -- Stock futures are falling slightly, a day after major indexes posted their biggest losses in months.
European markets are mixed Wednesday as investors remain cautious about whether an aid package for Greece will help stem Europe's growing debt crisis.
Investors looking for continued signs of a domestic recovery will get reports on the service sector and a payroll company's take on jobs. Both are expected to show further improvement.
Dow Jones industrial average futures are down 12, or 0.1 percent, at 10,880. Standard & Poor's 500 index futures are down 1.00, or 0.1 percent, at 1,171.40, while Nasdaq 100 index futures are down 1.50, or 0.1 percent, at 1,968.00.
hey nineteen~~steely dan
http://www.myspace.com/steelydan/music/albums/gold-1978
deacon blues~~steely dan
http://www.myspace.com/steelydan/music/albums/citizen-1972-1980-2045
do it again~~steely dan
http://www.myspace.com/steelydan/music/albums/citizen-1972-1980-2045
remeber these numbers...they will be updated soon
Analyst Estimates Get Analyst Estimates for:
Earnings Est Current Qtr.
Dec 09 Next Qtr.
Mar 10 Current Year
Dec 09 Next Year
Dec 10
Avg. Estimate N/A N/A N/A N/A
No. of Analysts
Low Estimate N/A N/A N/A N/A
High Estimate N/A N/A N/A N/A
Year Ago EPS -1.37 -0.28 N/A N/A
Next Earnings Date: May 4, 2010 - Set a Reminder
Revenue Est Current Qtr.
Dec 09 Next Qtr.
Mar 10 Current Year
Dec 09 Next Year
Dec 10
Avg. Estimate NaN 44.47M NaN 193.00M
No. of Analysts 1 1 1 1
Low Estimate 41.99M 44.47M 136.28M 193.00M
High Estimate 41.99M 44.47M 136.28M 193.00M
Year Ago Sales 41.98M 25.73M 250.21M NaN
Sales Growth (year/est) N/A 72.80% N/A N/A
Earnings History Dec 08 Mar 09 Jun 09 Sep 09
EPS Est -0.21 -0.18 -0.21 -0.17
EPS Actual -1.37 -0.28 -0.22 -0.15
Difference -1.16 -0.10 -0.01 0.02
Surprise % -552.40% -55.60% -4.80% 11.80%
EPS Trends Current Qtr.
Dec 09 Next Qtr.
Mar 10 Current Year
Dec 09 Next Year
Dec 10
Current Estimate NaN NaN NaN NaN
7 Days Ago -0.09 -0.08 -0.74 -0.27
30 Days Ago -0.09 -0.08 -0.74 -0.27
60 Days Ago -0.09 -0.08 -0.74 -0.27
90 Days Ago -0.09 -0.08 -0.74 -0.27
EPS Revisions Current Qtr.
Dec 09 Next Qtr.
Mar 10 Current Year
Dec 09 Next Year
Dec 10
Up Last 7 Days 0 0 0 0
Up Last 30 Days 0 0 0 0
Down Last 30 Days 0 0 0 0
Down Last 90 Days
Growth Est ACLS Industry Sector S&P 500
Current Qtr. N/A N/A N/A N/A
Next Qtr. N/A N/A N/A N/A
This Year N/A N/A N/A N/A
Next Year N/A N/A N/A N/A
Past 5 Years (per annum) -25.98% N/A N/A N/A
Next 5 Years (per annum) 5.00% N/A N/A N/A
Price/Earnings (avg. for comparison categories) N/A N/A N/A N/A
PEG Ratio (avg. for comparison categories) N/A N/A N/A N/A
http://finance.yahoo.com/q/ae?s=ACLS+Analyst+Estimates
it's a good report
dxd 0.97
Market Consensus Before Announcement
Factory orders rose 0.6 percent in February reflecting an upward revised 0.9 percent month-to-month rise in durable goods orders and a 0.3 percent rise in non-durable goods. Orders in this group were led by aircraft but also include other key industrial areas such as machinery and fabrications. More recently, the advance report for March durables orders showed a sizeable decline as aircraft orders resulted in the headline number dropping 1.3 percent. Excluding the transportation component, however, new durables orders spiked 2.8 percent. Some lift to overall orders will likely come from the non-durables component for March given the significant month-to-month rise for fuel costs.
Definition
Factory orders represent the dollar level of new orders for both durable and nondurable goods. This report gives more complete information than the advance durable goods report which is released one or two weeks earlier in the month. Why Investors Care
Released on 5/4/2010 10:00:00 AM For Mar, 2010
Prior Actual
Pending Home Sales Index - Level 97.6 102.9
Pending Home Sales Index - M/M 8.2 % 5.3 %
Highlights
Pending home sales rose 5.3 percent in March to an index level of 102.9, boosted by the approaching April-close to second-round stimulus. The year-on-year rate is plus 21.1 percent. The report notes that low home prices, in addition to tax credits, gave a boost to the month's total. But the report, like others, sees sales falling back now that the latest round of stimulus has expired. Regional readings show continued strength in the South with a slight slip in the Northeast.
Definition
The National Association of Realtors developed the pending home sales index as a leading indicator of housing activity. As such, it is a leading indicator of existing home sales, not new home sales. A pending sale is one in which a contract was signed, but not yet closed. It usually takes four to six weeks to close a contracted sale. Why Investors Care
dxd continues to climb...does someone know something we don't?
reports due out at 10a...we'll see what happens
dxd...highest i've seen it in quite some time
dxd 0.42
good morning !
i'm not selling mine that cheap...lol
Stock futures fall, point to lower opening
Stock futures drop as Greece debt remains a focus; ahead of factory orders, home sales reports
Buzz up! 0 Print..Topics:International.Stephen Bernard, AP Business Writer, On Tuesday May 4, 2010, 7:02 am
NEW YORK (AP) -- Stock futures fell Tuesday as investors remain wary of European debt problems.
Investors have been conflicted in recent days, buying up stocks one day only to sell them off the next as upbeat domestic economic reports are offset by worries about debt problems overseas and a potential overhaul of financial regulation.
Debt problems in Europe are again a worry Tuesday. Investors will, however, get reports on factory orders and home sales later in the day that are expected to show the economy is improving, which could spark a rally.
European markets dropped because of ongoing worries over whether a $144 billion bailout package for Greece will be approved by other the 15 other European Union members that would foot much of the bill. The cost of the Greek bailout package could make it harder for the EU to rescue other countries that might face similar debt woes.
The euro again fell against the dollar as traders avoid the currency used by 16 EU members, including Greece. The euro hit its lowest level in a year. A stronger dollar would cut into profits for U.S. companies that heavily rely on foreign operations.
Britain's main index was dragged down by BP PLC. Investors are concerned about the costs the oil company will face from an oil spill in the Gulf of Mexico.
Ahead of the opening bell, Dow Jones industrial average futures fell 50, or 0.5 percent, to 11,052. Standard & Poor's 500 index futures fell 7.70, or 0.6 percent, to 1,190.90, while Nasdaq 100 index futures dropped 11.25, or 0.6 percent, to 2,015.75.
A Commerce Department is expected to show factory orders fell in March because of a drop in commercial aircraft orders. Economists polled by Thomson Reuters, on average, forecast orders fell 0.1 percent in March.
Excluding the volatile transportation sector orders likely rose by 2.8 percent, the biggest gain since December 2007.
The manufacturing sector has consistently improved in recent months, boosting confidence in a recovery. Stocks rallied Monday, in part, due to a strong report on the manufacturing sector from the Institute for Supply Management.
Separately, the National Association of Realtors' pending home sales index likely jumped to 101.5 in March from 97.6 a month earlier. The index likely received a boost as home buyers rushed in recent months to cash in on a tax credit that expired last week.
A collapse of the housing market helped push the economy into recession late in 2007 and has been slow to recover.
Both reports are due out at 10 a.m. EDT.
Major indexes surged Monday after a fresh round of upbeat economic reports buoyed investors' expectations for a recovery. New reports showed consumer spending and manufacturing continued to improve. The Dow jumped 143 points.
Meanwhile, bond prices rose Tuesday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.68 percent from 3.69 percent late Monday.
The dollar rose against other major currencies. Gold also rose, while oil fell.
Overseas, Britain's FTSE 100 fell 1 percent, Germany's DAX index dropped 0.8 percent, and France's CAC-40 tumbled 1.4 percent.
dxd...
is climbing...surely not over housing report due ot?
ADM Q1 profits spike on biofuels demand
Archer Daniels Midland Q1 profit soars as demand for biofuels bounces back
Buzz up! 0 Print..Companies:Archer Daniels Midland CompanyTopics:Earnings.On Tuesday May 4, 2010, 7:24 am
ST. LOUIS (AP) -- Archer Daniels Midland Co. says its first-quarter profit soared to more to $421 million from just $3 million in the same period last year, as global demand for biofuels boosted the company's corn processing business.
The Decatur, Illinois, company reports Tuesday it earned 65 cents per share, compared with zero cents per share last year.
The results still came in below Wall Street expectations, with analysts surveyed by Thomson Reuters forecasting a profit of 72 cents per share.
Revenue rose 2 percent, to $15.1 billion, from $14.8 billion last year.
acls...
$1.77 x $2,000.00
congratulations !
welcome to the jungle~~guns n roses
http://www.myspace.com/gunsnroses/music/albums/appetite-for-destruction-6207
2010 Economic Calendar
http://www.nasdaq.com/asp/EconodayFrame.asp
nice move !
Consumer spending advances sharply but incomes lag
Consumer spending posts best showing in 5 months as incomes grow by modest 0.3 percent
Buzz up! 0 Print..Martin Crutsinger, AP Economics Writer, On Monday May 3, 2010, 8:34 am
WASHINGTON (AP) -- Consumer spending rose in March by the largest amount in five months but the gains were financed out of savings, which fell to the lowest level in 18 months. A modest rise in incomes added to concerns that the recovery could weaken unless income growth increases more rapidly.
The Commerce Department says consumer spending rose 0.6 percent in March, matching economists' expectations. Personal incomes edged up just 0.3 percent, raising new worries about lackluster income growth.
The March surge in spending was financed out of savings, which drove the personal savings rate down to 2.7 percent of after-tax incomes, the lowest level since September 2008.
rtk...up in pm activity
http://www.stock100.com/plotForecast.asp?symbol=rtk&history=200&future=30
let 'r rip !
acls...
wins multiple system order for optima hdx(tm)
Oil below $86 as traders eye Gulf crude spill
Oil falls below $86 in Asia as traders eye Gulf of Mexico crude spill
Buzz up! 0 Print..
Members of the U.S. Army National Guard B Company 711 put Hesco containers along the beaches of Dauphin Island, Ala. Sunday, May 2, 2010. The containers are designed to absorb oil through a fibrous material which reacts with a non-harmful material that changes the sheen to a more solid state which can be recycled. (AP Photo/Michelle Rolls-Thomas)
Alex Kennedy, Associated Press Writer, On Monday May 3, 2010, 3:36 am EDT
SINGAPORE (AP) -- Oil prices fell below $86 a barrel Monday in Asia as traders eyed whether a massive crude spill in the Gulf of Mexico would slow imports to the U.S.
Benchmark crude for June delivery was down 28 cents to $85.87 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 98 cents to settle at $86.15 on Friday.
Some analysts expect the 30-mile (48-kilometer) oil slick caused by as much as 210,000 gallons (795,000 liters) of crude gushing into the Gulf each day could undermine imports to key Louisiana terminals, helping to lower crude inventories and boost prices.
U.S. authorities have said imports have not yet been affected.
"The potential disruption of oil tanker traffic in the Gulf of Mexico is already having an impact on oil prices." Goldman Sachs said in a report. "Traffic of oil service boats and oil tankers through the Gulf will likely be slowed."
Oil is near an 18-month high of $87, last touched in early April.
Investors are also mulling a recent jump of U.S. crude supplies, a sign demand hasn't rebounded along with the overall economic recovery.
"The past two weeks have brought weak U.S. oil inventory data that puts into question the much stronger macroeconomic data," Goldman said.
Goldman said it expects prices to rise to $94.50 a barrel in three months and to $99 a year from now.
In other Nymex trading in May contracts, heating oil was steady at $2.3166 a gallon, and gasoline slipped 0.34 cent to $2.3960 a gallon. Natural gas jumped 1.4 cents to $3.934 per 1,000 cubic feet.
In London, Brent crude was down 23 cents at $87.21 on the ICE futures exchange
Ahead of the Bell: ISM manufacturing index
Economists expect ISM index to show manufacturing growth accelerated in April
Buzz up! 0 Print..Companies:Caterpillar Inc.Ford Motor Co.Whirlpool Corp.Topics:Industrial Goods.Related Quotes
Symbol Price Change
CAT 68.09 0.00
F 13.02 0.00
WHR 108.87 0.00
{"s" : "cat,f,whr","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} On Monday May 3, 2010, 7:31 am
NEW YORK (AP) -- The manufacturing sector likely expanded in April at the fastest pace in nearly six years, analysts say.
Economists polled by Thomson Reuters expect the index from the Institute for Supply Management, a trade group of purchasing executives, rose to 60 in April from 59.6 in March.
A reading above 50 indicates growth, and a reading of 60 would be the highest since June 2004.
ISM's manufacturing index, which is due out Monday at 10 a.m. EDT, first showed growth in August after 18 months of contraction.
April would be the ninth straight month of expansion. Factories boosting production to help customers restock dwindling supplies and shipping goods overseas has helped power the economic recovery for nearly a year.
The U.S. economy grew 5.6 percent in the fourth quarter of last year and 3.2 percent in the first quarter, due in large part to inventory restocking.
Economists now are interested in the sustainability of the recovery. Manufacturers have ramped up production because customers' inventories were so low. As inventories return to historically normal levels, production may slip lower without more demand from consumers. That may discourage employers from adding back many of the full-time jobs they cut during the recession.
ISM's employment index has grown in five of the past six months. The index is a measure of factory managers' willingness to hire. In the first three months of the year, the manufacturing sector has added 45,000 jobs, according to the Department of Labor.
Large manufacturing companies, such as Caterpillar Inc., Ford Motor Co. and Whirlpool Corp. reported strong first-quarter profit, but aren't necessarily ready to commit to adding jobs.
Caterpillar has recalled about 2,000 people after cutting about 37,000 full-time, part-time and temporary jobs last year. The company is increasing production, but still has excess capacity in its factories. That means more hiring may not be necessary for a long time.
Automaker Ford made $2.1 billion in the first three months of the year, but continued to cut workers.
Employers have cut more than 2 million jobs since the recession began, according to the Department of Labor.
And manufacturing jobs make up less than 10 percent of the U.S. workforce. Even a strong increase in hiring may not bring down the 9.7 percent unemployment rate by much.
acls...
$1.77 x $2,000.00
Stock futures rise, point to higher opening
Stock futures rise modestly after United, Continental Airlines agree to $3 billion deal
Buzz up! 0 Print..Companies:Continental Airlines, Inc.Goldman Sachs Group Inc.Topics:Stocks.Related Quotes
Symbol Price Change
CAL 22.35 0.00
GS 145.20 0.00
{"s" : "cal,gs","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Stephen Bernard, AP Business Writer, On Monday May 3, 2010, 7:06 am
NEW YORK (AP) -- Stock futures rose modestly Monday after two big airlines agreed to combine and a pair of economic reports are expected to show further growth.
United and Continental airlines agreed to a combination worth about $3 billion. The combined airline would be the largest in the world. Corporate dealmaking is seen as a further sign the economy is improving and companies are comfortable expanding their businesses.
Asian markets fell as China forced banks to increase their reserves in the country's ongoing effort to curb inflation and avoid speculative real estate bubbles. European markets and the euro dropped after the European Union and the International Monetary Fund agreed to provide Greece with $145 billion over the next three years to help it with its ongoing debt problems.
Germany, the EU's biggest member, still has not approved its share of the bailout for Greece. Germany is expected to provide Greece with $11.14 billion in the first year of the three-year bailout package.
Investors are still clearly skittish about Greece's ability to get its debt problems under control and the potential for other European nations to face similar issues. The euro is again falling sharply against the dollar, hovering near its lowest levels of the past year.
In the U.S., investors will be keeping a close eye on the Institute for Supply Management's monthly manufacturing survey. Economists polled by Thomson Reuters forecast the private group's index rose modestly to 60 in April from 59.6 last month. A reading above 50 indicates growth.
Manufacturing has shown consistent signs of a rebound in recent months as production picks back up. The report is due out at 10 a.m. EDT.
A separate report on personal income and spending for March is expected to show income rose 0.3 percent and consumption jumped 0.6 percent. Both would be welcome signs of further economic growth. The Commerce Department report is due out at 8:30 a.m. EDT.
Ahead of the opening bell, Dow Jones industrial average futures rose 27, or 0.3 percent, to 10,987. Standard & Poor's 500 index futures rose 4.30, or 0.4 percent, to 1,187.70, while Nasdaq 100 index futures rose 5.00, or 0.3 percent, to 2,003.50.
Stocks are looking to rebound from a disappointing end to last month. Stocks plummeted Friday after some mixed economic reports and worries about a criminal investigation of Goldman Sachs Group Inc. The government reported the nation's economy grew at a slower pace in the first quarter than had been forecast and a report on consumer sentiment showed a drop in confidence in April. The Dow fell 158 points to help snap eight straight weeks of gains.
Meanwhile, bond prices were little changed Monday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, was unchanged at 3.66 percent compared with late Friday.
Gold dipped, while oil rose slightly.
Overseas, Britain's FTSE 100 fell 1.2 percent, Germany's DAX index dropped 0.4 percent, and France's CAC-40 fell 0.9 percent. Hong Kong's Hang Seng fell 1.4 percent, while Japan's Nikkei stock average was closed for a holiday.
Consumers shine despite slower-than-expected GDP
Buzz up! 0 Print..
People wait in line to enter the City University of New York (CUNY) Big Apple job fair in New York, April 23, 2010. REUTERS/Shannon Stapleton
On Friday April 30, 2010, 8:35 am
WASHINGTON (Reuters) - The economy grew at a slightly slower-than-expected pace in the first quarter, held back by inventories and exports, but resurgent consumer spending offered evidence of a sustainable recovery, a government report showed on Friday.
Gross domestic product expanded at a 3.2 percent pace, the Commerce Department said in its first estimate -- marking three straight quarters of growth as the economy climbs out of the worst recession since the 1930s.
Analysts polled by Reuters had forecast GDP, which measures total goods and services output within U.S. borders, growing at a 3.4 percent rate in the first three months of 2010 after a 5.6 percent growth pace in the fourth quarter.
Despite the slowdown from the prior quarter, details of the report were fairly upbeat, with consumer spending accelerating at a 3.6 percent rate, more than double the 1.6 percent pace in the fourth quarter. The first-quarter rise was the largest since the first quarter of 2007.
Consumer spending, which normally accounts for 70 percent of U.S. economic activity, added 2.55 percentage points to GDP last quarter, the biggest percentage contribution since the fourth quarter of 2006.
Business inventories increased $31.1 billion in the first quarter as businesses restocked to meet firming domestic demand, the first increase since the first quarter of 2008. Inventories contributed 1.57 percentage points to GDP, less than half the contribution in the last three months of 2009 when businesses became less aggressive in clearing their warehouses.
When businesses slow the rate at which they are liquidating inventories, manufacturers raise production and this boosts GDP. Inventories fell $19.7 billion in the last quarter of 2009.
Excluding inventories the economy expanded at a 1.6 percent rate following a 1`.7 percent pace in the fourth quarter.
Businesses continued to spend on software and equipment, though a bit less vigorously than in the prior quarter. Business investment rose at a 4.1 percent rate after a 5.3 percent pace in the fourth quarter.
New home construction, which showed some hesitancy early this year, was a drag on growth in the first quarter -- after two quarters of gains. Residential investment contracted at a 10.9 percent rate after growing at a 3.8 percent pace in the fourth quarter.
Spending on structures subtracted from GDP for a sixth straight quarter. Export growth slowed sharply to a 5.8 percent pace in the first quarter from a 22.8 percent rate in the prior period, while imports rose at an 8.9 percent rate. That left a trade deficit that chipped off 0.61 percentage point from first-quarter GDP.
(Reporting by Lucia Mutikani; Editing by Andrea Ricci)