This page has been archived and commenting is disabled.

Daily Highlights: 11.16.2010

Tyler Durden's picture




 
  • Asian stocks drop on signs regional governments acting to combat inflation.
  • China October FDI up 7.86% at $7.663B vs. September's $8.4B.
  • China's stocks decline to one-month low on inflation, property concerns.
  • Crude oil falls for a third day on signs fuel demand recovery may falter.
  • South Korea raises interest rate by 25 bps - for second time in 2010.
  • US retail sales rose 1.2% to $373.1B in October, compared with September.
  • Aeropostale announces $300M increase to its existing share repurchase program.
  • AstraZenecais seeking to sell Astra Tech, unit that makes dental implants, for $2B.
  • Axa Asia Chairman, Directors recommend Axa SA, AMP bid.
  • Buffett takes BNY Mellon stake, adds to Wells Fargo holding.
  • Dubai Holding thrown $2B lifeline; govt says banks can expect to win advisory deals.
  • EMC Corp. to purchase Isilon Systems Inc. for $2.25B, or $33.85/sh, in cash.
  • GM said to boost IPO price by 14% to $33 as demand grows.
  • Hana Group in talks again to buy Lone Star Funds’ 51% stake in Korea Exchange Bank.
  • Home Depot's Oct. net income rises from $689M last year to $834M this year.
  • Infineon Q4 net jumps to €390M, sales rise 55% to €942M.
  • Lowe's Q3 profit rose 17% to $404M on lower discounts. Revs rose 1.9% to $11.59B.
  • Mattel announces additional $500M share repurchase authorization.
  • Motorola is targeting Jan for spinoff of its handset unit, splitting the company in two.
  • Nordstrom beats by a cent; posts Q3 EPS of $0.53. Revs up 11.7% at $2.09B.
  • TD Ameritrade: Client trades per day in Oct were up 14% from the previous month.
  • Transocean announces agreement to purchase high-specification jackup for $195M.
  • Urban Outfitters posted Q3 EPS of $0.43 (cons $0.42); revs rose 13.4% to $573.6M.
  • US District Court rules from Bench in Lilly's Favor, confirms validity of Alimta patent.
  • WalMart's Oct. net income rises from $3.24B last year to $3.44B this year.

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

Earnings Calendar: ANF, ARM, BOBE, DKS, GFRE, HD, LZB, PFED, SKS, TJX, WMT.

RECENT RATING ACTIONS
BANK OF NEW YORK MELLON (BK)
EMC CORP/MASSACHUSETTS (EMC)
MACY'S INC (M)
LOWE'S COS INC (LOW)
JC PENNEY CO INC (JCP)
WILLIAMS COS INC/THE (WMB)
CATERPILLAR INC (CAT)
CBL & ASSOCIATES PROPERTIES (CBL)
FORTUNE BRANDS INC (FO)
ASBURY AUTOMOTIVE GROUP INC (ABG)
INTEL CORP (INTC)
GENERAL MOTORS CO (GM)

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 11/16/2010 - 09:21 | 730272 Oh regional Indian
Oh regional Indian's picture

Gold down, Oil down, dollar up.

Same old game. Of those three legs, dollar breaks, system crashes.

1001, 1002, 1003, 1004....

Im e nent!

And hey, GM oversubscribed. Must have great "poe ten tial"! The joke is on us and the money out of our collective pockets! 

My Olds Cutlass Sierra was a rock though, gotta say!

ORI

http://aadivaahan.wordpress.com

Tue, 11/16/2010 - 09:29 | 730295 snowball777
snowball777's picture

The people who made that Cutlass don't work there anymore.

Tue, 11/16/2010 - 09:28 | 730291 snowball777
snowball777's picture

"US retail sales rose 1.2% to $373.1B in October, compared with September."

Is this with or without 0% for 60 months with 0 down?

Tue, 11/16/2010 - 10:11 | 730447 gookempucky
gookempucky's picture

For those who want the grand illusion of retail sales-what is included in retail sales figures--financial and insurance section is most interesting.

http://www.census.gov/eos/www/napcs/finalized/web_52_final_reformatted_edited_US050310.pdf

Tue, 11/16/2010 - 10:19 | 730483 gookempucky
gookempucky's picture

forgot the main link to all 72 industries included in retail #

http://www.census.gov/eos/www/napcs/napcstable.html

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