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Daily Highlights: 7.1.10

Tyler Durden's picture




 
  • BOJ Tankan key sentiment index better than expected - first time in two years.
  • China’s manf index declined for a second month, falling to 52.1 from 53.9 in May.
  • China's stock index declines for seventh day; Commodity producers retreat.
  • Disappointing Chinese economic data send stocks lower across Asia.
  • German retail sales down 2.4% in May on year.
  • OPEC crude output fell in June from a 17-month high, Bloomberg Survey says.
  • Retail sales growth in Australia weakened in May, Building approvals drop.
  • Swedish central bank hikes key interest rate by 0.25 pctage points to 0.5 percent.
  • US House approves new rules for Wall Street in 237-192 vote.
  • Yen, Dollar advance on recovery concerns; Franc reaches record versus Euro.
  • ABB won't match Emerson's $1.5B offer for Chloride
  • Acuity Brands' Q3 profit falls 3.1% to $21.3M on higher overheads. Revs up 2.8%.
  • Amazon.com Inc. acquired deal-of-the-day site Woot Inc. for an undisclosed sum.
  • Apollo Group posts Q3 EPS of $1.74 (cons $1.55); revs rose 27.7% to $1.34B.
  • Best Buy official reiterates FY11 EPS view $3.45-$3.60.
  • Boeing agrees to buy defense-equipment company, Argon ST Inc., for $775M.
  • Celgene to buy Abraxis BioScience for $2.9B in cash and stock.
  • Constellation Brands May earnings up from $6.5M to $49M.
  • Ford Motor Co. said Wednesday it is reducing its debt by more than $4B.
  • Monsanto's Q3 profit drops 45% to $384M as sales declined 6.3% to $2.96B.
  • Philips-Van Heusen said it would top its Q2 forecast if current trends continue.
  • Smith & Wesson's Q4 net falls 64% on higher expenses, charges. Revs up 4.3%.
  • Telefonica extends $8.8B Vivo offer on optimism EU to disallow veto.
  • Toyota finds engine problems in 270,000 vehicles sold worldwide.
  • WellPoint backs off its plan to hike prices by as much as 39% for individuals in California.
  • Yahoo! announces $3B stock buyback program in an 8-K.

Economic Calendar: Data on Continuing Claims, Construction Spending, ISM Index & Auto Sales to be released today.

Earnings Calendar: DMAN, FC, FLOW, MEI, MSM, MXB, STZ, UNFY.

RECENT RATING ACTIONS
MONSANTO CO (MON)
ACUITY BRANDS INC (AYI)
COMPUTER SCIENCES CORP (CSC)
GENERAL MILLS INC (GIS)
UNISYS CORP (UIS)
SONOCO PRODUCTS CO (SON)
PPG INDUSTRIES INC (PPG)
NATIONAL FUEL GAS CO (NFG)
MONSANTO CO (MON)
SAFEWAY INC (SWY)
MANPOWER INC (MAN)
HESS CORP (HES)

Data provided by Egan-Jones Ratings and Analytics

 

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Thu, 07/01/2010 - 08:36 | 446038 Sudden Debt
Sudden Debt's picture

1. At least the Japanse feel gay

2. Smith & Wesson's profit down? I thought every American was stocking up ammo, guns and dry biscuits?

Thu, 07/01/2010 - 08:45 | 446056 LoneStarHog
LoneStarHog's picture

S&W is so yesterday.  Glock, KelTec, Bushmaster, Ruger, Colt...Also, ammo in certain calibers is still almost impossible to get, for example .380 ACP

Thu, 07/01/2010 - 09:44 | 446173 TBT or not TBT
TBT or not TBT's picture

I've got about 500 rounds of .380 ACP, about 100 in hollow points.   Anyone want to bid?

Thu, 07/01/2010 - 09:45 | 446179 Village Idiot
Village Idiot's picture

Check out gun-deals.com for internet ammo sales.  They are a pricing search engine for the ammo/gun industry.  I have many good deals, and plenty of supply.

Thu, 07/01/2010 - 10:12 | 446216 Grand Supercycle
Grand Supercycle's picture

 

EURUSD buying support detected for some time now, has returned again and the daily chart is now neutral to bullish.

http://stockmarket618.wordpress.com/about

Sat, 08/21/2010 - 11:11 | 534709 herry
herry's picture

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