Archive for November, 2009

U.S. Shopping Season

We have first numbers for the Black Friday shopping season start. The number of people shopping increased to 195 million from last’s year 172 million; they have spent $42. 2 billion vs. $42 billion last year which translates into $343 per shopper vs. $372 last year. Nothing new here, the shift to buy discounted merchandise […]

New Week Intro Nov 30

Monday: Financial Federal (FIF), New Jersey Resources (NJR), Comtech Telecommunications (CMTL), Guess? (GES), Cantel Medical (CMN), Gerber Scientific (GRB), Volt Information Sciences (VOL), Thor Industries (THO), Steak n Shake (SNS) Tuesday: Calavo Growers (CVGW), Landauer (LDR), Universal Technical Institute (UTI), Staples (SPLS), Copart (CPRT) Wednesday: Cascade (CASC), Jo-Ann Stores (JAS), Aeropostale (ARO), Synopsys (SNPS), Collective […]

U.S. Housing Inventory

I lot of optimism on housing inventory backlog coming down to  7 months supply. A view from David Rosenberg of Gluskin Sheff + Associates: So, while this data may well show that the inventory backlog has come down to what seems to be a respectable 7 months’ supply, we also know from the U.S. Census […]

One Day Scare

Looks like markets are dismissing the potential Dubai World default as a catalyst for a meaningful correction. Nice outline of the situation by Telegraph: Dubai’s financial crisis: a Q&A. If the markets dismiss this as a not strong enough catalyst it will show the strength of the belief of the global economy is recovering. I […]

LSE Off-Line

First of all, happy Thanksgiving Day to my U.S. readers! Market moving news of the day is definitely Dubai World asking its creditors a “standstill” as it tries to negotiate a extension of maturities for its debt. Bloomberg story: Dubai Debt Delay Rattles Confidence in Gulf Borrowers. Oh, what a surprise, they invested billions in […]

Mixed Data

The day was filled with economic data . No clear conviction from the markets. Let’s start. Durable goods orders surprised to the downside falling 0.6% vs. positive 0.5% consensus and 1% rise (all MoM) in September. Ex-transportation orders came at -1.3% vs. 0.8% (all MoM) in September. Personal income and outlays data, on the other […]

U.S. Petroleum Weekly – 25 November 2009

Crude oil stocks were 1 million barrels higher than the week before. Gasoline stocks also 1 million barrels higher. Total distillates 0.5 million barrels lower. Other oils stock ended 1.6 million barrels higher. U.S. net imports reached 9.8 million barrels but the rebound in imports coincided with stock increase. Refinery utilization edged higher to 80.25%. […]

Large U.S GDP Revision

U.S. GDP growth has got revised to 2.8% from previous estimate of 3.5%. Although the previous number (conspicuously high) helped to propel the market to new highs, revision doesn’t seem to raise any worries as U.S. equity futures are pointing on a higher opening. S&P/Case-Shiller Composite 10 edged higher 0.4% in September while &P/Case-Shiller Composite […]

U.S. Housing – Strenght or a Relapse?

Existing Home Sales came at level of 6.2 million vs. 5.7 million consensus and 5.6 million level the month before. Positive figure courtesy of late extension of first time home buyer tax credit (closing required by November) and record low mortgage rates. Chart 1. Existing Home Sales Looking back to the last’s week housing data […]

New Week Intro Nov 23

Important U.S. earnings this week: Monday: Analog Devices (ADI), Atwood Oceanics (ATW), Brocade Communications Systems (BRCD), Hewlett-Packard (HPQ), Nuance Communications (NUAN), Tech Data Corporation (TECD), Tyson Foods (TSN), Valspar (VAL) Tuesday: American Eagle Outfitters (AEO), Barnes & Noble (BKS), Blue Coat Systems (BCSI), H.J. Heinz Company (HNZ), Hormel Foods Corporation (HRL),  J. Crew Group, Inc.(JCG), […]

Friday Reading

Belisarius is overwhelmed with the work in his new company + he has traveled to Vienna yesterday, so he’s a little bit sidelined concerning the market action. I will post only a few interesting articles in last couple days. Trichet Says ECB Will Withdraw Liquidity Gradually, Bloomberg Fed Makes Monitoring Bank Capital Foremost Concern, Bloomberg […]

U.S. Petroleum Weekly – 18 November 2009

Crude oil stocks rose 0.9 million barrels. Gasoline stocks fell 1.8 million barrels. Distillate stocks fell 0.3 million barrels. Other oil stocks edged higher 2.8 million barrels. Total stocks down 4.2 million barrels. Refinery utilization rate has hit the new low of 79.44% vs. 79.93% the week before. Refinery inputs fell to 14 million barrels, […]

Magnificent Ben

Ben Bernanke speech yesterday has win over the markets and the positive vibes were hitting the markets even today. Nothing special in the speech, both bulls and bears had their moments, but as bulls are currently in  the lead the print was positive in all. Interesting, Mr. Bernanke admitted influencing stock markets: …Partly as the […]

Another Leg Of The Rally?

Could well be. Today’s extension of the rally was on the back of retail sales figures. Retail sales rose 1.4%  in October vs. 0.9% consensus and 1.5% decrease in September. Retail sales ex. autos rose 0.2% vs. 0.4% consensus and 0.5% growth in September. Obviously the low base in September reading (cash-for-clunkers ended in August) […]

New Week Intro Nov 16

Important U.S. earnings this week: Monday: Carter’s (CRI), Lowe’s (LOW) Tuesday: Concur Technologies (CNQR), Target (TGT), Autodesk (ADSK), TJX Companies (TJX), Home Depot (HD), Jacobs Engineering Group (JEC), (CRM) Wednesday: BJ’s Wholesale Club (BJ), NetApp (NTAP), Jack in the Box (JACK), Chico’s FAS (CHS), Donaldson Company (DCI), Petsmart (PETM), Woodward Governor (WGOV), Phillips-Van Heusen […]


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