This page has been archived and commenting is disabled.

Daily Highlights: 1.27.10

Tyler Durden's picture




 
  • CBO pegged the 2010 US budget deficit at $1.35 trillion.
  • China’s stocks fell, sending Shanghai Composite Index briefly below 3,000 - first time since Oct. 30
  • Commodities stocks, metal prices drop as China curbs growth.
  • Japan exports rise for first time in 15 months, beating estimates on China.
  • Oil falls to near $74 a barrel in Asia amid concerns over weak recovery in oil demand.
  • Several Chinese banks have ordered some branches to suspend lending for this month.
  • Altera posts Q4 EPS at $0.34 (cons $0.29); revs rose 16.1% to $365M.
  • Cemex swings to Q4 profit of $265M on FX gains, financial instruments. Revs fell 17%.
  • GM to sell Saab to Dutch carmaker Spyker for $74M.
  • J&J's Q4 earnings fell 19% to $2.21B on restructuring charges. Revs up 9% at $16.55B.
  • Oracle plans to hire 2,000 sales and engineering employees; to develop new line of high-end computer systems.
  • Rusal Ltd., the world’s largest aluminum producer, shares fell in its Hong Kong trading debut.
  • Sunoco Logistics misses by $0.12, posts Q4 EPS at $1.30. Revs up 5.6% at $1.66B.
  • Toyota halts US sale, output of eight models as reputation 'tarnished' over recalls.
  • Travelers Cos's Q4 net rises 60% on absence of catastrophe costs, gains in invt portfolios.
  • Verizon Comm swings to Q4 loss of $653M; to cut 13,000 more jobs.
  • Yahoo swings to Q4 profit, despite 4% decline in revs at $1.73B.

Economic Calendar: Data on New Home Sales, Crude Inventories, FOMC Rate Decision to be released.

Earnings Calendar: ABT, ACF, ATI, BA, BLK, BMC, CACI, CAJ, CAT, CCI, COP, EGN, ETFC, GD, ISIL,

Recent Egan-Jones Rating Actions

MUR, PJC, PX, STJ, SYMC, UAUA.
RECENT RATING ACTIONS
AMGEN INC (AMGN)
ZIONS BANCORPORATION (ZION)
CONSOLIDATED EDISON INC (ED)
ZIONS BANCORPORATION (ZION)
ASHLAND INC (ASH)
KIMBERLY-CLARK CORP (KMB)
LEGG MASON INC (LM)
PACKAGING CORP OF AMERICA (PKG)
QUEST DIAGNOSTICS INC/DE (DGX)
AMGEN INC (AMGN)
SVB FINANCIAL GROUP (SIVB)
EXELON CORP (EXC)
AK STEEL HOLDING CORP (AKS)

Data provided by Egan-Jones Ratings and Analytics

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 01/27/2010 - 09:34 | 207472 AN0NYM0US
AN0NYM0US's picture

On Bloomberg Radio in the 8 o'clock hour

Robert Shiller (Case/Shiller) who has been a "V/U" shaper sees probability of a double dip recession. There is no momentum in the economy and housing has more downside.

Wed, 01/27/2010 - 10:00 | 207496 Anonymous
Anonymous's picture

Yup - you can try pumping all the money you want into this economic nightmare, but deleveraging is deflationary. Just ask Japan.

Wed, 01/27/2010 - 10:20 | 207517 deadhead
deadhead's picture

I'm glad to see that dick bove upgraded another bank to buy...BBT

Wed, 01/27/2010 - 10:39 | 207545 Screwball
Screwball's picture

He was on CNBC the other day spewing his shit - funny stuff - http://www.cnbc.com/id/15840232?video=1395474065&play=1

Wed, 01/27/2010 - 11:30 | 207611 Anonymous
Anonymous's picture

Is anyone else convinced that Buffett manipulated S&P into adding BRK to the index? This addition makes very little sense, especially considering that BRK already owns 33 S&P constituents as part of its holding company. Not to mention the fact that this just made Buffett's purchase of BNI a lot cheaper...awfully coincidental. OH, and according to S&P, they've known for weeks they were going to add BRK/B, but decided to wait until right before the averaging period before the BNI closing to announce this??? I'm sure BNI holders are really psyched they just got approx. 5% fewer BRK shares than they thought they were getting yesterday.

Do NOT follow this link or you will be banned from the site!