Jan 15, 2010

Daily Markets - Financial News & Opinions

Daily Markets - Financial News & Opinions

Start Of Earnings Season: A Look At Stock Market Valuations

Posted: 15 Jan 2010 03:45 AM PST

As the US Q4 earnings reporting season kicks off, not only growth will be closely monitored but also the quality of earnings. These aspects will be very strongly on my radar screen over the next few weeks as I believe the intermediate trend of the stock market could take its cue from the state of corporate America.
This brings me to the topic of valuations (at 06:00 in the morning in the transit area of Munich airport!). Based on operating earnings (i.e. stripping out everything that is … [visit site to read more]


Picture Of The Day: Preferred Stocks And High-Yield Bonds In Demand

Posted: 15 Jan 2010 02:01 AM PST

The charts below, courtesy of Bespoke, show that the preferred stock and high-yield bond markets have been surging since the beginning of December.

Bespoke said:

Since the Lehman Brothers’ collapse on September 15, 2008, PFF is actually up 12.91%, while HYG is down just 2.89%. With preferreds and high-yield bonds now at or near pre-Lehman levels, how long will it take for common stocks to get there as well? As shown below, the S&P 500 is still 8.7% below the 1,251 level … [visit site to read more]

Forex Trading Review For 15 January

Posted: 15 Jan 2010 01:18 AM PST

USD Dollar (USD)

The Dollar traded on a mixed note, gaining against the Euro and Swiss but dropping against the Pound and the Yen after retail Sales in U.S. unexpectedly fell in December following a bigger gain than previously estimated the prior month, highlighting the risk that the largest part of the economy will be slow to recover. Retail sales came out at -0.2% vs. 0.3% forecast and Unemployment Claims came out worse than expected at 444K vs. 438K forecast. NASDAQ and Dow Jones rose by … [visit site to read more]

Forex Trading: Eurozone CPI & Trade Balance

Posted: 15 Jan 2010 01:03 AM PST

Eurozone CPI y/y came in at 0.9%, inline with expectations.
Core CPI y/y came in at 1.1%, stronger than the 1.0% forecasted.
The Trade Balance came in at 3.9B, weaker than the 5.4B forecasted.
Eur/Usd has sold off slightly on mixed data, currently off about 10 points since release to … [visit site to read more]

Video: Text Messages Boost Haiti Relief Efforts

Posted: 15 Jan 2010 01:00 AM PST

Donations made through text messages for Haiti relief funds, have raised over $5 million. Technology has become a key tool for fundraising efforts. … [visit site to read more]

How Low Can Those ETF Commissions Go?

Posted: 15 Jan 2010 12:01 AM PST

Charles Schwab (SCHW) entered the exchange traded fund (ETF) business with a bang, offering commission-free trades on funds traded at Schwab. But now the provider has made another move that could ignite a price war where there’s one winner: investors.

Charles Schwab plans to lower its commissions on all online stock and non-proprietary ETF transactions to $8.95 per trade, reports Jed Horowitz for Investment News.

The reduced commission, which applies only to online trades on stock and … [visit site to read more]

Oil Companies To Expand Deepwater Drilling

Posted: 14 Jan 2010 10:01 PM PST

Technological breakthroughs and declining production from mature fields have sent many of the world’s largest independent and national oil companies in search of prospects offshore. A recent story in the Wall Street Journal highlighted the increased attention deepwater opportunities have been given.

According to the story, production from deepwater reserves-depths of 1,000 feet or more-accounted for 8 percent of global oil output in 2008, up 2.3 million barrels a day (67 percent) since … [visit site to read more]
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