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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)

 


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Tue, 11/16/2010 - 09:21 | Link to Comment 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 | Link to Comment snowball777
snowball777's picture

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

Tue, 11/16/2010 - 09:28 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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!