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Daily Highlights: 1.25.10

Tyler Durden's picture




 
  • Asian stocks fall for sixth day on Obama plan to curb banks, Yen weakens.
  • Bank of Japan said to be open to expanding Emergency loans, bond purchases.
  • China property data may 'under-represent’ bubble risks, World Bank says.
  • German consumer confidence declined for a fourth month in a row.
  • Gold futures climbed as much as $10/oz on weak USD.
  • Nymex crude oil futures slightly higher at $74/bbl helped by a weaker U.S. dollar.
  • Treasury rally on borrowed time as options anticipate Fed prone to tighten.
  • VIX Options show biggest bets on Stocks Retreat Since June 2008 Traders
  • White House plans to extend life of Medicare, lower prescription drug costs for seniors.
  • Yen drops on prospects Bernanke to be confirmed for 2nd term.
  • Bain Capital to buy Higa Industries, master franchisee of Domino's Pizza in Japan.
  • Ericsson AB's Q4 net falls 92% to $43.4M as revs slipped 13% on lower spending.
  • Ferrero on Monday formally ruled out launching a rival bid for Cadbury PLC.
  • GE says it could return to growth and potentially boost its dividend by 2011.
  • GM expects to sell more than 2M units in China this year, from 1.83M sold in 2009.
  • Haliburton's Dec. net income falls from $468M in 2008 to $243M in 2009.
  • Harley-Davidson posted its first qtrly loss since 1993 as consumers put off purchases.
  • Johnson Controls reported Q1 EPS of $0.43 vs. cons est. of $0.29.
  • KDDI Corp. to acquire 38% of Jupiter Telecom from Liberty Global for $4B.
  • Philips Q4 EBITA beats estimates, visibility still low for short term
  • Royal Philips swings to Q4 profit of €251M despite a dip in revs at €7.3B.
  • Tishman Speyer, BlackRock to transfer ownership of Stuyvesant Town to lenders.
  • Wal-Mart to eliminate about 11,200 jobs at its Sam’s Club membership warehouse clubs.

 

Economic Calendar: Data on Existing Home Sales to be released today.

Earnings Calendar: AAPL, AKS, ALB, AMGN, CGI, CNH, CR, DGX, ETN, HAL, JDAS, OLN, PKG, SEE, STBA, TXN, WCBO, ZION, ZRAN.

RECENT RATING ACTIONS
AMERICAN EXPRESS CO (AXP)
FPL GROUP INC (FPL)
MCDONALD'S CORP (MCD)
ADVANCED MICRO DEVICES INC (AMD)
UNITEDHEALTH GROUP INC (UNH)
BURLINGTON NORTHERN (BNI)
GENERAL ELECTRIC CO (GE)
JPMORGAN CHASE & CO (JPM)
UNION PACIFIC CORP (UNP)
BLOCKBUSTER INC (BBI)
MORGAN STANLEY (MS)
PUBLIC SERVICE ENTERPRISE (PEG)
US BANCORP (USB)

Data provided by Egan-Jones Ratings And Analytics

 

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