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Daily Highlights: 1.21.10

Tyler Durden's picture




 
  • China money market rates rise after economic growth, inflation accelerate.
  • China’s Q4 GDP grew at the fastest pace since 2007, at 10.7%.
  • Crude oil trades below $78/bbl on concern China may take steps to curb growth.
  • Gold pares advance as Dollar rallies after China growth spurs curb concern.
  • Japanese demand for bank loans dropped the most in more than 5 years on lower spending.
  • Most Asia stocks fall, Chinese swap rate rises on concern growth to slow.
  • Obama to propose rules on proprietary trading to reduce bank risk taking.
  • US debt limit would be increased by $1.9 trillion to $14.29 trillion under Senate proposal.
  • US Leading Economic indicators probably rose for ninth straight month: Bloomberg Survey.
  • Oil hovers near $78 in Asia, cheered by China's declaration of recovery from global crisis.
  • Yen weakens against higher-yielding currencies after China growth quickens.
  • AMR Corp. posted a narrower Q4 loss of $344M on a 7.4% dip in revs at $5.1B.
  • AMR vowed to resist any move JAL, Delta to win regulators’ approval to coordinate flights.
  • Bank of New York posted a profit of $594M as total fee revenue jumped 43% to $2.58B.
  • Blockbuster sees 2009 GAAP net loss in the range of $183-193M excl. impairments.
  • BoA posts Q4 loss of $194M, excl. costs related to its repayment of $45B bailout funds.
  • Estee Lauder sees Q2 EPS at $1.23-1.30 (prev view $0.80-0.87) on higher sales growth.
  • Hynix Semiconductor posts Q4 profit of $579.75M as revs climb 16% on higher DRAM prices.
  • Kinder Morgan Prtnrs misses by $0.07, posts Q4 EPS of $0.42. Revs fell 16.6% to $1.91B.
  • Logitech Intl's Q3 net rises 41% rise in Q3 net at $57.1M on higher cost cuts. Revs fell 1.7% to $617.1M.
  • Morgan Stanley posted an annual net loss of $960M- first since it went public in 1986.
  • Northern Trust's Q4 net falls less-than-projected 41% to $200.3M; revs down 17%.
  • SLM Corp. posts Q4 profit of $309M - its second profit following 4 periods of losses.
  • State Street's profit more than doubled to $498M helped by revs from servicing, mgmt fees.
  • Xilinx sees Q4 revs of down 1-3% sequentially to ~$508-528.7M (cons $492.79M).

Recent Egan-Jones Ratings Reports

ENTERPRISE PRODUCTS (EPD)
HARMAN INTERNATIONAL (HAR)
LEAP WIRELESS INTERNATIONAL (LEAP)
WELLS FARGO & CO (WFC)
INTERNATIONAL BUSINESS (IBM)
CHARLES SCHWAB CORP/THE (SCHW)
BANK OF NEW YORK MELLON (BK)
WEINGARTEN REALTY INVESTORS (WRI)
ALCATEL-LUCENT (ALU FP)
CITIGROUP INC (C)
DOVER CORP (DOV)
WILLIAMS COS INC/THE (WMB)
PARKER HANNIFIN CORP (PH)

Data provided by Egan-Jones Ratings and Analytics

 

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Thu, 01/21/2010 - 09:28 | 200544 newstreet
newstreet's picture

What happened to Project Mayhem and his excellent posts?

Thu, 01/21/2010 - 10:30 | 200595 Anonymous
Anonymous's picture

Special rendition

Thu, 01/21/2010 - 10:30 | 200596 Anonymous
Anonymous's picture

Special rendition

Thu, 01/21/2010 - 09:51 | 200557 Anonymous
Anonymous's picture

"jobless claims in U.S. unexpectedly rise" - bloomberg

Whaaaaaaat?

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