This page has been archived and commenting is disabled.

Daily Highlights: 10.18.2010

Tyler Durden's picture




 
  • Asian stocks slip, Dollar gains on Fed stimulus speculation; Oil declines.
  • Euro down to $1.3889 due to effects of Bernanke comments on Fed action.
  • Oil falls below $81 in Asia as US dollar recovers.
  • Key Chinese data due this week. G-20 meet, Australian central bank minutes also on tap.
  • US structured-note sales surge to $38.4B to break record of 2008.
  • Allergan: Botox approved by US FDA for treatment of chronic migraines.
  • Aluminium Bahrain seeks to raise $541M from initial share offering.
  • BHP Billiton and Rio Tinto cancel plans for a $120B joint venture in Australia.
  • BP to sell assets in Venezuela, Vietnam to its Russian JV TNK-BP for $1.8B.
  • China investors line up for AIA stakes; Mainland groups seek shares in $20B IPO.
  • Concho Resources acquires addln oil, gas assets in the Permian Basin for $285M.
  • Delta Air to add 1,000 attendants on new jobs.
  • Ford in talks to sell a large part of its 11% shareholdings in Mazda Motor Corp.
  • Halliburton's Sept. net income rises from $262M to $544M.
  • KKR offers $1.73B for Australia's Perpetual to tap pension savings.
  • Mattel's Q3 net rises 23%, stock falls amid slumping sales at its Fisher-Price division.
  • News Corp., Cablevision will resume talks Monday after cutting Fox signal.
  • Philips Electronics' Q3 net roughly tripled; cautious for rest of the year.
  • Rio Tinto, BHP scrap iron-ore alliance amid opposition from regulators.
  • Royal Bank of Canada to buy fixed-income fund manager BlueBay for $1.54B.
  • SABMiller's 1H lager vols grew 1%, excluding the impact of acquisitions and disposals.
  • Severstal plans to sell $1B of bonds at 6.7% yield.
  • TerreStar Corp considers Chapter 11 protection.
  • Toyota considering to set up new facilities in Mexico in 2013 to produce small cars.
  • WD-40 beats by $0.03, posts Q4 EPS of $0.41. Revs up 3.7% at $80.7M.
  • Yahoo plans to mimic a strategy used by Facebook, to help drive traffic to its site.

Economic Calendar: Data on Industrial Prodn, Capacity Util, NAHB Housing Market Index to be released.

Earnings Calendar: AAPL, ATX, BBX, BRO, C, CACH, CCK, CEO, HAL, HAS, IBM, KMP, LUB, MYE, STLD, STU, WSB, ZION.

RECENT RATING ACTIONS

MBIA INC (MBI)
GANNETT CO INC (GCI)
MATTEL INC (MAT)
JB HUNT TRANSPORT SERVICES (JBHT)
ADVANCED MICRO DEVICES INC (AMD)
OTTER TAIL CORP (OTTR)
SEAGATE TECHNOLOGY PLC (STX)
JPMORGAN CHASE & CO (JPM)
ALLY FINANCIAL INC (ALLY1)
SAFEWAY INC (SWY)
HOST HOTELS & RESORTS INC (HST)
WASHINGTON POST CO/THE (WPO)

Data from Egan-Jones

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 10/18/2010 - 08:05 | 657889 eigenvalue
eigenvalue's picture

Gold and silver are knocked down greatly. It seems that the EE has succeeded...

Mon, 10/18/2010 - 08:16 | 657901 papaswamp
papaswamp's picture

Not sure dropping to levels held 2 days ago is significant unless someone trades the metal daily which is extremely difficult to do with the physical aspect. Physical precious metals are not like stocks...nor should they be treated as such. They should be traded on a bi weekly or monthly basis at the most. Chasing daily or even weekly blips just doesn't make sense. Physical metals are long term movers. 

Though with South Korea's announcement this morning gold won't be 'down' for very long.

"South Korea would join other Asian countries including ChinaIndia, Thailand and Bangladesh in adding gold to its reserves. With emerging market countries buying gold and central banks in Europe halting their programmes of salescentral banks are set to become net buyers of goldthis year for the first time since 1988, according to GFMS, the precious metals consultancy."

http://www.ft.com/cms/s/0/74576bd6-da90-11df-81b0-00144feabdc0.html

Mon, 10/18/2010 - 08:33 | 657916 eigenvalue
eigenvalue's picture

Even if you are long physical silver, it will still be painful to see pullbacks. We know silver and gold face great resistance at $25 and $1400 respectively but the correction is still a bit too violent.

Mon, 10/18/2010 - 09:13 | 657966 Shameful
Shameful's picture

I only get pissed when there is a pullback right after I get more physical.  Feel like I should be writing Blythe Masters a nice letter asking her to crank the price down before I step into the market each time :)

In the end the price will go to the moon so not worried about he long term play.

Mon, 10/18/2010 - 08:16 | 657900 snowball777
snowball777's picture

Quick! Everyone run to the other side of the bus! Whhheeeeeee!!  Thump.

Mon, 10/18/2010 - 08:29 | 657907 Sudden Debt
Sudden Debt's picture

:) +1000

 

You just explained the entire logic of the stock market these last 3 years :)

Mon, 10/18/2010 - 08:21 | 657905 snowball777
snowball777's picture

Toyota considering to set up new facilities in Mexico in 2013 to produce small cars

Time for the anti-union auto-workers in TN, KY, and MS to put up or shut up when their jobs get south-sourced. Don't look to us for sympathy about how Corker, Bunning, Shelby, and McConnell had their way with your 'right to work' when you hit the streets, kids.

Mon, 10/18/2010 - 08:41 | 657923 Conrad Murray
Conrad Murray's picture

Tomorrow, a bank—not your bank, but any bank—could evict you from your home. Even if you didn’t know the bank was foreclosing. Even if your mortgage is paid off. Even if you never had a mortgage to begin with. Even if the bank doesn’t hold a single piece of paper that you signed. And major banks not only know this fact, but have spent millions of dollars to defend it in court. Why? The answer starts with a Jacksonville homeowner named Patrick Jeffs

http://dailycaller.com/2010/10/14/thedc-op-ed-one-nation-under-fraud/

Very solid, very long article that breaks it all down.  Pass it along.

Mon, 10/18/2010 - 08:57 | 657940 Horatio Beanblower
Horatio Beanblower's picture

Shocking stuff, CM.  Hard to believe that this could happen in America.

 

"Fascism should more properly be called corporatism because it is the merger of state and corporate power." - Benito Mussolini

Mon, 10/18/2010 - 09:02 | 657947 Sudden Debt
Sudden Debt's picture

Only in America...

Mon, 10/18/2010 - 09:15 | 657969 Mercury
Mercury's picture

Man, Botox is just the gift that keeps on giving.  One of Mother Nature's most powerful neurotoxins, it was used in the 80's to treat certain types of blindness inducing neuro-muscular spasms in the eye, then as a cosmetic, muscle inhibitor and now headaches. 

Tue, 10/19/2010 - 09:41 | 660967 cycjyf
cycjyf's picture

www.taobao-trade.com have all kinds of  pandora jewelry and available for your choice.Wearing our Pandora jewelry, catching others eyes, and enjoying your beautiful <a href="http://www.taobao-trade.com">cheap designer handbags</a></div>  !  <a href="http://www.taobao-trade.com">wholesale designer handbags</a></div> For the Pandora Bracelets,we have many styles and colors.Treat yourself to a little bling. Small enough to be worn often and sweet enough to keep you smiling.<a href="http://www.taobao-trade.com">cheap caps</a></div> Enjoy your stay and do browse around, if you have any questions, do not hesitate to contact us.

Wed, 11/10/2010 - 05:31 | 715523 cheap uggs for sale
cheap uggs for sale's picture

It’s a interesting news,i like it.Additionally,wellcome to my website prettyboots.org ,here are so many UGGS On Sale such as:UGG Elsey wedge|UGG Elsey wedge black|UGG Elsey wedge chestnut|UGG Elsey wedge espresso|UGG Langley|UGG Langley black|UGG Langley chestnut|UGG Lo Pro Button|UGG Lo Pro Button black|UGG Lo Pro Button blue|UGG Lo Pro Button cream|UGG Mayfaire|UGG Mayfaire black|UGG Mayfaire chestnut|UGG Mayfaire chocolate|UGG Mayfaire sand|UGG Mayfaire red|UGG Nightfall|UGG Nightfall black|UGG Nightfall chestnut|UGG Nightfall chocolate|UGG Nightfall sand|UGG Sundance II|UGG Sundance II black|UGG Sundance II chestnut|UGG Sundance II chocolate|UGG Sundance II sand|UGG Ultimate Bind|UGG Ultimate Bind black|UGG Ultimate Bind chestnut|UGG Ultimate Bind chocolate|UGG Ultimate Bind sand|UGG Ultra Short|UGG Ultra Short chocolate|UGG Ultra Short sand|UGG Ultra Short black|UGG Ultra Tall|UGG Ultra Tall chestnut|UGG Ultra Tall sand|UGG Ultra Tall balck|UGG Ultra Tall chocolate|UGG Suede|UGG Suede black|UGG Suede chestnut|UGG Suede sand|UGG upside|UGG upside black|UGG upside chestnut|UGG upside mocha|UGG Roxy Tall|UGG Roxy Tall black|UGG Roxy Tall chestnut|UGG Roxy Tall chocolate|UGG Roxy Tall sand|UGG seline|UGG seline black|UGG seline chestnut|UGG Corinth Boots|UGG Liberty|UGG Liberty black|UGG Liberty cigar|UGG Highkoo|UGG Highkoo amber brown|UGG Highkoo espresso|UGG Highkoo grey|UGG Highkoo black|UGG Knightsbridge|UGG Knightsbridge black|UGG Knightsbridge chestnut|UGG Knightsbridge grey|UGG Knightsbridge sand|UGG Knightsbridge chocolate|UGG Adirondack|UGG Adirondack brown|UGG Adirondack chocolate|UGG Suburb Crochet|UGG Suburb Crochet black|UGG Suburb Crochet chestnut|UGG Suburb Crochet chocolate|UGG Suburb Crochet grey|UGG Suburb Crochet white|UGG Kensington|UGG Kensington black|UGG Kensington chestnut|UGG Roseberry|UGG Roseberry black|UGG Roseberry sand|UGG Gaviota|UGG Gaviota black|UGG Gaviota chestnut|UGG Gaviota chocolate|UGG Desoto|UGG Desoto black|UGG Desoto chestnut|UGG Desoto chocolate|UGG Brookfield Tall|UGG Brookfield Tall black|UGG Brookfield Tall chocolate|UGG Gissella|UGG Gissella black|UGG Gissella chestnut|UGG Gissella espresso|UGG Payton|UGG Payton black|UGG Payton chestnut|UGG Payton red|UGG Bailey Button Triplet|UGG Bailey Button Triplet black|UGG Bailey Button Triplet chestnut|UGG Bailey Button Triplet chocolate|UGG Bailey Button Triplet grey|UGG Bailey Button Triplet sand|There are so much style of cheap uggs for sale ,so once you go to my website you will be very surprise.

Tue, 11/16/2010 - 10:10 | 730433 daniel
daniel's picture

Really this is a great post from an expert and thank you very much for sharing this valuable information with us.
cheap vps
windows vps
forex vps
ucvhost

Do NOT follow this link or you will be banned from the site!