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Daily Highlights: 12.16.2010

Tyler Durden's picture





 
  • Asian stocks, Copper decline before European debt talks; Treasuries gain.
  • EU faces `gridlock' on debt crisis; agrees on a crisis- management mechanism in 2013.
  • India’s central bank kept benchmark interest rates unchanged after 6 increases this year.
  • Oil falls to near $88 in Asia despite plunge in US crude inventory.
  • Qatar makes $65B bet it can remake economy in World Cup preparation.
  • US foreclosure filings plunge to two-year low as lenders probe practices.
  • AAR Corp beats by $0.07, posts Q2 EPS of $0.42. Revs rose 36.0% to $447M.
  • Actuant's Nov. quarter net income rose from $12M to $26M.
  • AutoZone authorized the repurchase of an additional $500M of common stock.
  • BofA has begun potential settlement discussions with some of its largest mortgage investors.
  • BP shares down 2.8% in early trading after announcement of Gulf spill lawsuit.
  • Celanese hikes prices of all emulsions sold in Americas, Europe, Middle East & Africa.
  • Danaher Corp. said earnings in 2011 will be as little as $2.55/sh vs. cons est. for $2.63.
  • Elan Corp agrees to pay $203M to settle US probe of Zonegran marketing.
  • FleetCor sells its IPO at bottom of price range as three offerings reduced.
  • General Mills Nov. quarter net income rose from $566M last year to $614M this year.
  • Heico 4Q net income beats analyst expectations.
  • Honeywell sees sales to rise 9% next year helped by commercial aerospace unit.
  • Joy Global sees FY11 EPS at $5-5.30 vs. cons f'cast of $4.79.
  • Nordson Corp. f'cast Q1 EPS to be at least $1.03, exceeding the 94-cent avg estimate.
  • Novartis purchases the rest of Alcon (23% stake) for $12.9B.
  • ONEOK Partners to invest up to $240M in Cana-Woodford Shale and Granite Wash plays.
  • Pfizer extends tender offer to acquire King Pharmaceuticals for $14.25/sh.
  • RiteAid's Nov. same store sales off 1.3%, losses were $84M last year $79M this year.
  • Southwest Airlines to acquire at least 70 larger 737 aircraft over the next three years.
  • Swift Transportation raises $806M via share offering.
  • Twitter said it has raised a round of funding that valued the company at $3.7B.
  • US sued BP, 8 others involved with the Macondo oil well blow up in GOM for all removal costs, damages and remediation costs.
  • Economic Calendar: Data on Initial & Continuing Claims, Housing Starts, Philadelphia Fed to be released today.

Earnings Calendar: ACN, ATU, FDX, GIS, PIR, RAD, RIMM, SCS.

RECENT RATING ACTIONS
BRINKER INTERNATIONAL INC (EAT)
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REGIONS FINANCIAL CORP (RF)
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Data provided by Egan-Jones

 


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Thu, 12/16/2010 - 08:54 | Link to Comment RobotTrader
RobotTrader's picture

As usual, the first sign of financial convulsions, defaults, blowups, mishaps, etc....

The U.S. Dollar screams higher and gold gets monkeyhammered.

Thu, 12/16/2010 - 09:17 | Link to Comment trav7777
trav7777's picture

Crude inventories worth watching going forward

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