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Daily Highlights: 11.8.2010

Tyler Durden's picture





 
  • CEOs most optimistic on US profits since 1999 in bull signal for S&P 500: Bloomberg.
  • China is 'available' to support Portugal through financial crisis, Hu says.
  • China's trade surplus likely rebounded in October after narrowing in September.
  • ECB rejects request for files on Greek derivative use, cites 'acute' risks.
  • Euro falls as concern over Irish bond sales, Greece damps investor demand.
  • Fed poised to start allowing healthy banks to increase their dividend payments.
  • G-20 conflict risk eases as US says current-account targets unrealistic.
  • Oil extends longest rally since April as US jobs report beats forecasts.
  • World Bank Chief: G20 should consider adopting a global reserve currency based on gold as part of structural reforms.
  • World Bank’s IFC plans to offer benchmark debt in US dollars.
  • AIG hopes to complete its government exit before year end. Posts $2.4B loss in Q3.
  • AK Steel announces $40/ton price increase for its carbon steel products.
  • Amazon.com may buy Quidsi Inc., the parent co of Diapers.com, for $540M cash.
  • AOL hires advisers to explore strategic options, incl a possible tie-up with Yahoo.
  • AvalonBay Communities may sell up to $500M of stock over 3-yrs to fund working capital.
  • Berkshire reported Q3 operating earnings of $2,787 vs. $2,055 in last year's quarter.
  • Boeing has informed several clients that their Dreamliner 787s will be delayed yet again.
  • Bristol-Myers tablets approved in US for treatment of Type 2 diabetes Mellitus in adults.
  • CBS says TV Ad prices are up 35% from ads bought before season
  • Commerzbank third-quarter profit misses estimates, shares fall
  • E.ON AG in talks with investors to sell its UK electricity distribution network for GBP3.5B.
  • GT Solar Co raises guidance for FY11, sees EPS of $1.00-1.10 (cons $0.93).
  • Rolls-Royce shares slumped 3.0% after Qantas found oil leaks in engines
  • Sara Lee to be near agreement to sell unit to Grupo Bimbo
  • Shell to sell about a third of Woodside stake for A$3.31B
  • STX Group plans IPOs for cruise-ship builder, China yard as orders rebound.
  • TPG Capital may bid for CommScope Inc., topping $3.9B offer from Carlyle Group.
  • Wal-Mart slashes toy prices to keep Target from being the low-cost leader this season.
  • Walt Disney signs joint venture to build first Mainland-China theme park
  • Washington post profit triples on higher-education unit and advertising gains
  • Zurich Financial Redeems $1 Billion of Subordinated Debt Ahead of Schedule

Earnings Calendar: BPL, HAWK, ICCC, KWK, LGF, MDRX, MNTG, PCLN, PEIX, TESO.

RECENT RATING ACTIONS

ALPHA NATURAL RESOURCES INC (ANR)
CHOICE HOTELS INTERNATIONAL (CHH)
WYNDHAM WORLDWIDE CORP (WYN)
FLUOR CORP (FLR)
SIRIUS XM RADIO INC (SIRI)
SPRINT NEXTEL CORP (S)
STATE STREET CORP (STT)
CLEARWIRE CORP (CLWR)
DISH NETWORK CORP (DISH)
METROPCS COMMUNICATIONS INC (PCS)
UNITED TECHNOLOGIES CORP (UTX)
NORTHROP GRUMMAN CORP (NOC)

Data provided by Egan-Jones

 


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Mon, 11/08/2010 - 09:17 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Florida Senate-elect Rubio moves away from tea party label Tea party getting fucked. Bend over fools and enjoy it. You earned it. Now shut up and watch as the story unfolds. When will they ever learn? http://www.miamiherald.com/2010/11/08/1914752/florida-senate-elect-rubio... now he goes to Israel, with knee pads in hand . Gee so soon Marco? http://eye-on-the-world.blogspot.com/2010/11/marco-rubio-goes-to-israel.... Can you say bought and paid for? I knew you could. And I leave you with the following statement. Is there any doubt , parties do not matter? "The pro-Israeli AIPAC lobby applauded the election results, congratulated the winners and said: "It is abundantly clear that the 112th Congress will continue America's long tradition of staunch support for a strong, safe and secure Israel and an abiding friendship between the United States and our most reliable ally in the Middle East."

Mon, 11/08/2010 - 09:39 | Link to Comment Yardfarmer
Yardfarmer's picture

another timely commentary on the news behind the news courtesy of HPD.http://www.prisonplanet.com/atms-crash-across-the-country-after-bank-holiday-warning.html

Mon, 11/08/2010 - 10:01 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Speaking of our little fat loud mouthed boy up there in Austin....This just in.

Jewish mathematician caught editing Alex Jones Wikipedia page

http://fitzinformer.blogspot.com/2010/09/jewish-mathematician-caught-edi...

It seems some people don't like it when their little friend is caste in a bad light , so they change the wiki page to make Mr Jones appear to be a much better person to us poor dumb hicks out here. We certainly don't want to hurt the feelings of the cool aid drinking dyed in the wool, genuflecting Alexander Bullhorn Jones sycophants out there in the world. I live about 45 minutes south of Mr Jones and if any of you ever want to know where the bodies are buried about this guy let me know and I will tell you all I can about this man, called Alex Jones. Frankly it nothing personal, and I really don't have much against him , but he has this uncanny ability to shall we say, not be truthful at times and this , causes me to be suspicious about him.

Mon, 11/08/2010 - 09:19 | Link to Comment firstdivision
firstdivision's picture

What is pumping this market right now?  Did I miss some sudden good news, like how delying the 787 was a good thing?

Mon, 11/08/2010 - 09:22 | Link to Comment 101 years and c...
101 years and counting's picture

CEO's most optimistic on US profits since 1999.  Remind me again was happened after 1999.  Oh....they are optimistic on their personal profits by selling their company stock at bloated levels courtesy of the Fed Chairman.

Mon, 11/08/2010 - 09:25 | Link to Comment firstdivision
firstdivision's picture

To me that means a bubble has formed and is close to popping.  1999 was a good year for those interweb stocks..go-go gadget Nasdaq. 

Mon, 11/08/2010 - 12:16 | Link to Comment Oh regional Indian
Oh regional Indian's picture

That is the one that got me too. Most Misty Optic is what they seem to be.

Today feels like the end of the eye of the storm is near, and we are about to get tossed back into the mix.

Geo-political, Geo-logical, both axes are spinning wildly off center, and then the CERN experiment tomorrow.

If timing is everything, then add the shuttle delays......

Tricky, trippy times folks... pay attention to the signs...

ORI

http://aadivaahan.wordpress.com

Mon, 11/08/2010 - 09:24 | Link to Comment M.B. Drapier
M.B. Drapier's picture

Euro falls as concern over Irish bond sales, Greece damps investor demand.

Morgan Kelly wrote another article for the /Irish Times/.

Mon, 11/08/2010 - 09:26 | Link to Comment Bill Lumbergh
Bill Lumbergh's picture

"CEOs most optimistic on US profits since 1999 in bull signal for S&P 500"...is this a misprint because they are surely not putting their money where their mouth is based on insider selling.

Mon, 11/08/2010 - 09:31 | Link to Comment snowball777
snowball777's picture

No misprint, just a decided lack of veracity in the golden paratrooper division.

Mon, 11/08/2010 - 09:29 | Link to Comment i-dog
i-dog's picture
  • China is 'available' to support Portugal through financial crisis, Hu says.
  • Is Ireland next? They'll own Europe soon!

    Mon, 11/08/2010 - 09:32 | Link to Comment plocequ1
    plocequ1's picture

    China is 'available' to support Portugal through financial crisis, Hu says.... You know what they say... One hand washes the other and both hands wash the Cock... Err, I meant face. Its all good. The virtual futures are up.

    Mon, 11/08/2010 - 09:40 | Link to Comment Bill Lumbergh
    Bill Lumbergh's picture

    Glad I already ate...

    Mon, 11/08/2010 - 10:09 | Link to Comment snowball777
    snowball777's picture

    Probably just a matter of convincing him of his testimony...getting in bed with smugglers on their back-end makes you a liability when you attract the attention of the popo.

    Mon, 11/08/2010 - 10:10 | Link to Comment lolmao500
    lolmao500's picture

    CEOs most optimistic on US profits since 1999 in bull signal for S&P 500: Bloomberg.

     

    Really? Hyperinflation and margins being crushed is a bull signal? What kind of insanity is this?

     

    World Bank Chief: G20 should consider adopting a global reserve currency based on gold as part of structural reforms.

     

    We know you don't mean it.

    Mon, 11/08/2010 - 10:18 | Link to Comment goldfish1
    goldfish1's picture

    Unemployment better? Sure If you count the $8 hour jobs created in the grocery business courtesy half the working class on food stamps.

    Mon, 11/08/2010 - 10:38 | Link to Comment Grand Supercycle
    Grand Supercycle's picture

    My long term indicators continue to warn of USD strength and EURO weakness.

    http://stockmarket618.wordpress.com

    Mon, 11/08/2010 - 11:12 | Link to Comment 99er
    99er's picture

    (Reuters) - In a historic decision, the International Monetary Fund board agreed Friday to boost the voting power of big emerging economies and make China the third leading voice in the global lender.

    http://www.reuters.com/article/idUKTRE6A503X20101106

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