This page has been archived and commenting is disabled.

Daily Highlights: 5.20.2010

Tyler Durden's picture




 
  • Asian stocks fall for fifth day on Europe concern; Commodity shares gain.
  • British government plans to partially privatize struggling Royal Mail.
  • China officials say won't yield to yuan pressure at U. S. talks.
  • China's growth unexpectedly accelerated in the first quarter of 2010: Poll.
  • Euro falls to lowest since April 2006 on European debt crisis.
  • Fed officials are in no rush to sell mortgage assets, Meeting minutes show.
  • Indian telecom outlook uncertain after 3G auction.
  • Japan growth quickens on exports, fails to end deflation as Kan pushes BOJ.
  • Taiwan's economy expanded most in 30 years on.
  • U. K. April retail sales increase for a third month.
  • US inflation slid last month to its lowest level in 44 years, highlighting a potentially troublesome unevenness in the global recovery.
  • Alpha Natural Resources Board authorizes $125M share repurchase.
  • AMR expects at least $500M in cost, revenue benefits by 2012 from an array of alliance and network changes.
  • Applied Materials swings to Q2 profit of $264M as revs jumped to $2.3B from $1.02B.
  • BJ's Wholesale said earnings rose 7.4% on increased sales and membership fees.
  • Chico's FAS reports EPS; posts Q1 EPS of $0.20. Revs rose 17.3% to $481.6M.
  • Deere raised 2010 profit outlook to $1.6B (prev $1.3B) after reporting a 16% rise in qtrly profit,
  • Dubai World, creditors reach $23.5B debt deal.
  • Eaton Vance Q2 earnings rose 40% to $36M. Revs up 38% at $273M.
  • Honeywell International Inc. said it plans to acquire Sperian Protection SA for $1.4B.
  • Hormel's earnings fell 3.1% on restructuring and health-charge charges.
  • Limited Brands beats by $0.06, posts Q1 EPS of $0.25. Revs rose 12.0% to $1.93B.
  • National Grid plans $4.6B rights offer; shares slide.
  • Nexen sells Canadian heavy oil properties for C$975M.
  • Novartis to pay $250M in bias case.
  • Petrobras may delay $25B share sale if global market slump worsens.
  • Repsol YPF SA expects to raise around $3B by selling 20% stake in its Argentine unit YPF SA.
  • SABMiller profit misses estimates on Asia, Europe.
  • Sears' net income falls to $16M on higher costs; appliance rebates help spur sales.

Economic Calendar: Data on Initial Claims, Leading Indicators & Philadelphia Fed to be released.

RECENT RATING ACTIONS
E*TRADE FINANCIAL CORP (ETFC)
OCCIDENTAL PETROLEUM CORP (OXY)
AMERICAN AXLE & MANUFACTURING (AXL)
AMERICAN GREETINGS CORP (AM)
GREAT ATLANTIC & PACIFIC (GAP)
OVERSEAS SHIPHOLDING (OSG)
ANADARKO PETROLEUM CORP (APC)
CAPITAL ONE FINANCIAL CORP (COF)
SHERWIN-WILLIAMS CO/THE (SHW)
DENBURY RESOURCES INC (DNR)
VALSPAR CORP (VAL)
SUNCOR ENERGY INC (SU CN)

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.
Thu, 05/20/2010 - 08:41 | 362696 tmftdoyle
tmftdoyle's picture

Fed officials in no hurry to sell mbs. Could it be that one of the few things this band of dolts gets is that there is no bid for their inventory!

Thu, 05/20/2010 - 11:33 | 363028 Grand Supercycle
Do NOT follow this link or you will be banned from the site!