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Daily Highlights: 1.28.10

Tyler Durden's picture




 
  • Asian stock markets were broadly higher following a rise on Wall Street.
  • Brazilian Central Bank keeps its benchmark interest rate at a record low of 8.75%.
  • China sets up energy policy body headed by premier amid growing demand, shortages.
  • China shares rebound on bargain-hunting after a 4-session decline, led by developers.
  • China’s banking regulator told lenders to step up scrutiny of property loans.
  • Dutch state and ING appeal EU ruling on payback of aid given during financial crisis.
  • Euro stable at $1.4034 in European trade.
  • Fed sees end to mortgage-debt buying; Hoenig dissents on low-rate policy.
  • IMF sees global economy to rebound sharply this year, with 3.9% growth.
  • E*Trade's Q4 loss narrowed to $67.1M as revs improved by 7.6% to $523.4M.
  • Altria reports rise in Dec. quarter net from $679M to $725M
  • AT&T reports EPS of 51 cents for Dec. quarter, in line with estimates.
  • BlackRock's Q4 net surges to $256M on 45% rise in revs to $1.54B.
  • Boeing swings to profit of $1.27B on Q4 on 42% rise in revs at $17.94B.
  • BSkyB 2nd quarter profit up 38 percent as revenue grows 10 percent.
  • Cabot posts Q1 net at $29M (year-ago $4M) as margins improved. Revs rose 4.1% to $679M.
  • Caterpillar's Q4 net falls 65%; sees Y10 EPS at $2.50 vs. cons est. of $2.71.
  • Crown Castle Intl posts Q4 profit, but expects losses in current quarter.
  • Flextronics swings to 3Q profit of $92.9M on cost-cutting measure; revs fall 20% to $6.6B.
  • Ford declares $868M Dec. net income.
  • JetBlue swung from $57M loss last Dec. to an $11M gain this Sept.
  • Lockheed"s Dec. net income rises from $823M to $827M.
  • Noble Corp reports Q4 EPS of $1.72 (cons $1.58); revs rose 1.4% to $894M.
  • Norfolk Southern's Q4 earnings slipped 32% to $307M on 16% dip in revs at $2.1B.
  • Oracle to increase R&D spend by $1.5B billion as a result of its acquisition of Sun.
  • Qualcomm Q1 net jumped to $841M from $341M year ago; revs up 6% at $2.67B.
  • SAP AG expects to return to growth in 2010, after a year of decline and a 13% fall in Q4 net.
  • Siemens to slash some 2,000 German jobs, part of restructuring in technology, manufacturing.
  • Teradyne beats by $0.02, posts Q4 EPS of $0.17. Revs rose 37.3% to $267.4M.
  • Toyota recalls additional 1.09 million vehicles in US.

Economic Calendar: Data on Initial & Continuing Claims, Durable Orders to be released today.

RECENT RATING ACTIONS
EI DU PONT DE NEMOURS & CO (DD)
SONIC AUTOMOTIVE INC (SAH)
PEABODY ENERGY CORP (BTU)
ANADARKO PETROLEUM CORP (APC)
AMERICAN EXPRESS CO (AXP)
AMERISOURCEBERGEN CORP (ABC)
MCKESSON CORP (MCK)
XEROX CORP (XRX)
BUNGE LTD (BG)
JOHNSON & JOHNSON (JNJ)
ROCKWELL AUTOMATION INC/DE (ROK)
VERIZON COMMUNICATIONS INC (VZ)
CORNING INC (GLW)

Data provided by Egan-Jones Rating and Analytics

 

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Thu, 01/28/2010 - 09:44 | 208945 deadhead
deadhead's picture

durable goods number horrible, same with initial claims.

 

Thu, 01/28/2010 - 09:48 | 208948 Anonymous
Anonymous's picture

Wednesday, January 27, 2010
SCREWED !!

http://inpoints.blogspot.com/2010/01/screwed.html

Thu, 01/28/2010 - 09:56 | 208957 Anonymous
Anonymous's picture

Pseudologia Fantastica - Obama & State of the Union

http://inpoints.blogspot.com/2010/01/pseudologia-fantastica-obama-state-...

Thu, 01/28/2010 - 11:17 | 209063 Anonymous
Anonymous's picture

Everything is good,, Latest list..

XEROX 2,500 LAYOFF

WALMART 11,500 GONE

STEIN-MART CLOSING 35 STORES

J.C. PENNY CLOSING 75 STORES

HOT TOPIC CLOSING 200 STORES

DILLARDS CLOSING 45 STORES

BARNES and NOBLE CLOSING 100 STORES

A&F CLOSING 179 STORES

ZALES CLOSING 200 STORES

VERIZON 16,000 LAYOFF

GAME STOP CLOSING 400 STORES

MACY'S 1,500 LAYOFF

Happy days are here again....

Thu, 01/28/2010 - 22:45 | 210392 glenlloyd
glenlloyd's picture

Toyota has started really pumping the non-recall models...especially the Prius.

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