“Earnings season is well underway. 18 percent of S&P 500 companies reported earnings this last week and 34 percent more are slated to report this week.
Rather than dwell on company-specific performance, we wanted to see what these industry leaders were saying about the global economy.”
Comments »“U.S. homebuilders are an attractive investment as the housing market starts a “strong” recovery that may drive a surge in new-home sales, Goldman Sachs Group Inc. (GS) said in a report today.
Housing has a “long list of positives,” including rising prices, job growth, supportive government policies and a decline in the so-called shadow inventory of homes, Goldman Sachs analysts Joshua Pollard and Anto Savarirajan wrote in a note to clients. They raised their rating on the homebuilding industry to attractive from neutral.”
Comments »After a deep sell off U.S. equities managed to have pared half their losses. The S&P tested the 1340 support level and has made a successful bounce just far.
Greece gave the worst performance in Europe while Spain was down the least…..odd indeud.
Leading the markets lower are conglomerates, basic materials, and energy.
We will have to wait for the close to know what today really means for investors.
[youtube://http://www.youtube.com/watch?v=rOwKo9tVO9U 450 300] Comments »
A near riot of women and children cause police to fire rubber bullets and release an attack dog into the crowd. Police officers offered to purchase bystander video of the incident.
Comments »BIIB, CNK, DECK, EXA, HGSI, IMAX, KBH, MAR, MDC, MOS, NVR, ONXX, RGC, RYL, SLB, SRE, VRSN, WAG,
Comments »“In the past two months, the stock market has posted strong gains that have given the bulls reason to run. Since the beginning of June, the S&P 500
has rallied almost 4% in a short amount of time. When you consider that the S&P 500 has appreciated only 0.9% on an annualized basis over the past 10 years (9.4% on a Total Return Basis from the beginning of 2002 through the end of 2011), this most recent gain is impressive indeed.
In similar fashion, the High Yield sector has gained. With investors searching for risk and reaching for yield from Speculative Grade Fixed Income ”
Comments »“(CBS News) With about 55,000 inhabitants, the Cayman Islands should not be a well-known name in the rest of the world, but the tiny Caribbean territory has become famous as a tax haven for the world’s super rich. According to a new report, the Caymans – along with the other dozen or so international havens for wealth like Switzerland and Bermuda – are the holders of so much of the world’s capital, entire regional economies could be moved on it.”
Comments »Accelerated selling came for U.S. equities right from the open. Traders noticed that the DAX or German market accelerated downside as U.S. equities opened. That was said to create forced selling. U.S. equities are off their lows, but still down about 1.4%.
Some expect selling to ease into the European close. We shall see.
Comments »“The growth in the U.S. economy is cooling so much that concerns are arising that it will hit stall speed and sputter out, said Peter Fisher, head of BlackRock Inc.’s fixed income portfolio management group.
U.S. gross domestic product grew 1.9 percent in the first quarter, well below initially forecast by many and beneath preliminary estimates of 2.2 percent.
With a cooling global economy and fears of a year-end “fiscal cliff”—a combination of expiring tax breaks and automatic spending cuts to government spending kicking in at the same time—the U.S. economy may be facing something a little more sinister than a mere soft patch.
“We’re worried about growth slowing down everywhere, and about it being self-reinforcing,” Fisher told USA Today.”
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“Fears that Spain will need a bailout have punished the country’s debt to the point that Anthony Scaramucci, managing partner of SkyBridge Capital, says the time to invest may be now, while everyone else flees.
The yield on the Spanish 10-year note has repeatedly spiked above 7 percent in recent weeks, a threshold largely deemed by markets as unsustainable and suggests the country needs a bailout.
Stomach the risk and put some money in Spain, as returns on U.S. debt are so poor they do not even keep pace with inflation, Scaramucci said.”
Comments »“As Amazon gears up for its quarterly earnings later this week, the company today has announced an expansion that points to its big ambitions in digital media, and an increasing focus on how that growth will come from outside the U.S.. Amazon is opening a new R&D hub in London focused on developing services and APIs for TVs, games consoles, smartphones and PCs, with the aim to roll those out across the company’s global footprint. That is a major development for a company that has been somewhat slow to roll out its newest services beyond its U.S.-homebase.”
Comments »The VIX spiked considerably this morning given the shit storm equities were in before the U.S. market open.
Comments »China adds a new ghost to its list of stimulus…airports. First it was residential building, shopping malls, and whole cities. Now we have airports to consider.
Comments »“Hasbro Inc.’s HAS +3.31% second-quarter profit fell 25% as sales slid across nearly all major segments, with the boys business suffering the most as demand for toys tied to Marvel films couldn’t match a strong performance led by “Transformers” and “Beyblade” last year.”
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