Monthly Archives: February 2012
Best Growth Stock Finance Highlights Stock Market Closure on February 29, 2012
The benchmark index of blue chips Dow Jones Industrial Average closed Wednesday’s session a decrease of 0.41% to end at 12952.37 while the broader Standard & Poor’s 500 ended with a desscenso of 0.48% closing at 1365.66 points . Read more about the stock market.
With regard to macroeconomic news, today they have released the following information: MBA Mortgage Request: -0.3% vs. -4.5% prior; QoQ GDP (annualized) 3.0% vs. 2.8% respondent; Chicago manufacturing index: 64.0 versus 61.0 to respondents.
Business news: the animation studio creator of Kung Fu Panda, Dreamworks (12.21%) reported a 72% drop in fourth-quarter results due to lower DVD sales, the energy company First Energy (FE%) has reported results of 3.30 to 3.60 dollars per share beating the consensus of analysts of 3.27 dollars, the Explorer Kodiak Oil & Gas Corp. (-5.97%) has published results for the fourth quarter of 55 million dollars without the consensus of analysts’ $ 58.9 million.
The contract price of light crude oil future market close stood at 106.96 U.S. dollars appreciate the respect of 106.68 dollars the previous session.
The broader Nasdaq Composite Index closed Wednesday’s session with a decline of 0.67% to finish at 2966.89 points. For its part, the selective Nasdaq 100 is down 0.39% closing at 2623.1 points.
Business news: The technology company dedicated to automotive Gentex Rear Camera Corp. (-14.62%) Is still awaiting the implementation of a law requiring cars and light trucks will have cameras installed rear; The biotech company Nektar Therapeutics (6.66%) has agreed to sell their rights Cimzia and future sales of Mircera to Royalty Pharma for $ 124 million; The manufacturer of home soda machines SodaStream International Ltd. (-14%) declared an 8% growth in sales of soda machines in the third quarter falling by below 16% expected by JPMorgan Chase & Co.
At the close of New York the euro against the dollar in the spot market stood at 1.3325 dollars per euro to depreciate relative to 1.3644 from the previous session.
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Bestgrowthstock.com is a property of Best Growth Stock LLC., which was formed in 2007 by Dr Omar Caban. Best Growth Stock is founded to provide the latest patterns of stock market data and growth stock mutual funds that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Best Growth Stock is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time!
Best Growth Stock Take on the Stock Market Today – February 29, 2012
Stock Market Today report brought to you by Best Growth Stock.
In the U.S., the first revision of GDP 4T11 (2.8% and, in line with preliminary data) with an expected personal consumption remained at +2% y the main PCE +1.1% e. In addition, we will watch the Chicago manufacturing index in February. It is expected to approach the levels in December (62.2) after the fall suffered in January (60.2). The market discounts and 61.3. We also visit the Beige Book, which will inform the preparation of the next meeting of the Fed.
In the Eurozone will see the CPI in January, which should start the year with a fall (-0.8% vs +0.3% and in December) and an underlying rate contained at levels of 1, 7% yoy
Of Spain will be CPI preliminary February (2% yoy in December),
In the UK, GfK consumer confidence in February, which is deducted a similar drop-27e against January: -29.
Stock Markets
Today the market’s attention will focus on the second auction to 36 months the ECB (the result will be announced at 11:15 h) and in which the system could inject a volume of liquidity similar to the first auction, close to the 500,000 million euros. However, not be ruled out that the result is lower than expected, since the sharp fall in yields on government debt less attractive to the “carry trade”, which in turn could increase the profit-taking. Find out more about the stock market.
For Greece, we might today to hear whether the “selective default” set by S & P credit event is both active and CDS. Also noted that in speaking market referendum in Ireland on the fiscal agreement approved in October 2011, without being very clear what the country would in the Euro if it was rejected (can be followed in the Euro if it accepts the fiscal pact?).
Major business events
U.S. unveils results Costco.
Repsol. Results 2011 (-8% EBIT, net B º -5%) lower than expected worse outcomes than expected in Upstream (impact of lower production, -13% in 2011, especially in Libya, while growth prospects remain Medium term: +4% +5% by 2014 and long-term and announced increased reserves replacement ratio of 131% in 2010 to 162% in 2011) and YPF, and with the expected weakness and Downstream (margins refining -36% in 2011), only partly offset by higher margins and volumes in the marketing of LNG. We reiterate overweight. See more stock market news.
Gathered techniques. Results largely in line with the provisions (in 2011: -2% EBITDA, adjusted net º B flat), where we highlight the EBITDA margin improvement (from 5.9% to 6.1%) despite the highly competitive environment, a backlog higher than expected at the end of the year (6%> of schedule) and which gives visibility (approx 2 years of sales) and a further improvement in net cash position (+41% vs. 2010, is a 43 % of market cap).
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Bestgrowthstock.com is a property of Best Growth Stock LLC., which was formed in 2007 by Dr Omar Caban. Caban knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Best Growth Stock is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time!
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Best Growth Stock Finance Highlights Stock Market Closure on February 28, 2012
Best Growth Stock Finance Highlights Stock Market Closure on February 28, 2012
The benchmark index of blue chips Dow Jones Industrial Average closed Monday’s session a decrease of 0.01% to end at 12,981.51 while the broader Standard & Poor’s 500 ended with a rise of 0.14% to close at the 1367.61 points. Read more about finance.
With regard to macroeconomic news, today they have released the following information: Pending home sales 2% vs. 1% expected; Fed manufacturing activity 17.8 compared to 15.8 expected,
Business news: the tire manufacturer Cooper Tire & Rubber Co. (13,793%) has published results of fourth quarter sales of 1,050,000 million compared to 1,020,000 million expected by the consensus of analysts, the retail chain Lowe’s Cos. for reforms (0.66%) has published results for the fourth quarter of 29 cents per share beating the consensus of 23 cents per share.
The contract price of light crude oil future market close stood at the U.S. dollar 107.38 109.68 depreciating U.S. dollar compared to the previous session.
The benchmark index of blue chips Dow Jones Industrial Average closed Monday’s session a decrease of 0.18% to end at 13005.12 while the broader Standard & Poor’s 500 ended with a rise of 0.34% closing at 1372.18 points .
With regard to macroeconomic news, today they have released the following information: Pending home sales 2% vs. 1% expected; Fed manufacturing activity 17.8 compared to 15.8 expected,
Business news: the tire manufacturer Cooper Tire & Rubber Co. (13,793%) has published results of fourth quarter sales of 1,050,000 million compared to 1,020,000 million expected by the consensus of analysts, the retail chain Lowe’s Cos. for reforms (0.66%) has published results for the fourth quarter of 29 cents per share beating the consensus of 23 cents per share.
The contract price of light crude oil future market close stood at the U.S. dollar 106.68 107.38 depreciating U.S. dollar compared to the previous session.
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
About Best Growth Stock
Bestgrowthstock.com is a property of Best Growth Stock LLC., which was formed in 2007 by Dr Omar Caban. Caban knew he could find patterns in stock market data and penny stocks that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Best Growth Stock is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time!
Best Growth Stock Finance Highlights European Market Closure on February 28, 2012
Best Growth Stock Finance Highlights European Market Closure on February 28, 2012
European shares closed the session with slight variations and an eye to the financing transaction to 3 years of the ECB scheduled for tomorrow. The old continent selective traded in negative territory for much of the day, but gave in progress around the U.S. opening burdened by the Irish Government’s decision to call a referendum on the new Treaty of budgetary discipline in the European Union. At closing, the DAX added 0.56%, ACC 0.36%, FTSE 0.21% and 0.36% Eurostoxx . Find out more about the stock market.
In macroeconomic terms, orders for durable goods in the U.S. fell 4.0% in January from the previous month to 206,090 million dollars, according to the Commerce Department. Also, durable goods orders excluding transportation sector fell by 3.2% in January.
The S & P / Case-Shiller, which measures housing prices in 20 major U.S. cities fell 0.5% in December from the previous month. They expected a contraction of 0.35%. In annual terms, the price dropped 3.99% from 3.85% drop the previous month.
The U.S. consumer confidence rose in February, driven by improved labor market, according to a report by The Conference Board. The private research group, said its consumer confidence index rose to 70.8 in February, compared to a revised reading of 61.5 in January.
In Germany, the consumer price index rose 0.7% in February from the previous month’s decline of 0.4%. In annual terms, the CPI rose 2.3% in February over the same month last year.
Moreover, consumer confidence of GFK Germanic fell 6.0 points compared to previous data of 5.9 points.
In the Eurozone economic confidence index rose in February to 94.4 points from 93.4 in January, according to a report by the European Commission. The business climate improved, standing at -0.18 points vs. -0.21 points for January. The confidence of the industrial sector stood at -5.8 points in February from January’s -7.0 and worse service, standing at -0.9, worse than expected.
In the commodity market crude recorded slight decreases, so that future contracts are traded in the vicinity of $ 108.20. In currency markets the euro traded higher against the dollar, and the crossing between the two currencies was established at 17:35 hours at 1.3463. See more stock report.
In business, the discount supermarket chain Dia announced that its net profit fell 19% in 2011 adversely affected by the context of the Spanish economy. The net profit was Day 98.4 million euros in 2011 compared to 122.1 million by 2010. Revenues were 9,779.4 million euros.
Grid said its net profit rose 18% in 2011 over the previous year, according to data submitted by the Spanish company to monitor the market. Its net profit was 460.3 million euros compared to 390.1 million euros in 2010.
Banco Santander and KBC Bank have agreed to merge its two subsidiaries in Poland, Bank Zachodni WBK and Kredyt Bank. Santander will pay 6.96 shares of BZ WBK, valued at 226.4 Polish Zloty (73 dollars) for each 100 shares of Kredyt Bank, valued at 15.75 zlotys. After the operation Santander control approximately 76.5% of the merged entity, while KBC will own 16.4% intended to leave the capital of the entity.
The company FCC announced that its net profit slumped 64% in 2011 due to an impairment charge of the cement business, while providing further reduce its debt in 2012, partly with government measures to reduce delinquencies public administration. Its net profit of 108.2 million euros in 2011 compared to 301.3 million euros in 2010.
The blood group Grifols has said its net profit fell 56% in 2011, weighed down by costs related to the acquisition of Talecris Biotherapeutics Holding. Its net profit was 50.3 million euros compared to 115.5 million euros in 2010, according to data sent to the supervisor. Read more about forex.
The National Competition Commission has imposed on Iberdrola a fine of 10.7 million euros for changing energy supplier to its customers without prior consent, the regulator said. The board of the CNC considers that between August 2009 and March 2010, the electric sector regulations and violated the “affected public interest” to transfer contracts from the seller of last resort to the free market without user authorization.
In Spain, the Ibex 35 falls off of its European counterparts and closes the session in negative, with a slight cut of 0.12% in the level of 8526.70 points. For values Abengoa, DAY and Mediaset lead the progress of selective, while Bankinter and Gamesa head clipping.
The largest changes were selective:
Negative close for the Blue Chips of the market. Telefonica subtracts 0.27% to close at 12.87 euros, BBVA lost 0.13%, 0.09% Iberdrola, Repsol a 0.82% and 0.02% Banco Santander.
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
About Best Growth Stock
Bestgrowthstock.com is a property of Best Growth Stock LLC., which was formed in 2007 by Dr Omar Caban. Best Growth Stock is founded to provide the latest patterns of stock market data and growth stock mutual funds that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Best Growth Stock is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time!
Best Growth Stock Take on the Stock Market Today – February 28, 2012
Best Growth Stock Take on the Stock Market Today – February 28, 2012
Stock Market Today report brought to you by Best Growth Stock.
Major macroeconomic events
We will visit several U.S. data:
Activity, highlight the durable goods orders in January, of which no changes are expected if we exclude auto sales (vs. 0% and 2.2%) and a decrease of -1% and +3% from Dec. the general data.
Also, know the Richmond manufacturing index (NZSE) February (12e vs 12 in January).
The property sector will see the Case Shiller December where they expect a further drop: -3.6% e (-3.7% yoy).
The more often data will be the February consumer confidence (Conference Board) that could show an improvement to 63e vs 61.1 in January.
In the Eurozone confidence data published in February, and the final data for consumer confidence where it is not expected to change (-20.2 and y preliminary).
In Germany also see the rate of GFK consumer confidence March (6e vs 5.9 in February) and CPI in February. Expected rise of +0.5% and after a similar drop in January.
Stock Markets
For the stock market today we expect the Dow to continue recording a worse relative performance against the main European indices. Yesterday he met the Spanish public deficit at the end of 2011, reaching 91.344 million euros, accounting for 8.51% of GDP compared to 6% target. The deviation is mainly due to the CCAA, which closed the year with an imbalance of 2.94% of GDP against 1.3% forecast. The central government deficit reached 5.1% of GDP compared to 4.8% as originally intended, while the Social Security recorded a deficit of 0.2% versus 0.4% expected surplus. This deviation means that to meet the 2012 deficit target (4.4% of GDP) to do an adjustment of about 40,000 mln eur (15,000 mln eur already announced), unless Brussels flexible the public deficit targets 2012 (in any case, it is expected that the relaxation was more than 5% -5.4%). The European Commission will decide on the Spanish government once submit the PGE in 2012, planned for the next 30 March.
We will be following economic data: data of February confidence in the Eurozone, the expected a slight improvement and orders of durable goods (excluding transport) January house price index Case Shiller December and, above all, confidence consumer (conference board) February in the U.S., which should set the tone for the session.
For Greece, noted that Germany voted yesterday in favor of the second rescue package Hellene, while Finland and the Netherlands will do between today and tomorrow in what we consider a mere formality.
Major business events
Bayer in Europe and Spain Ebro Foods, FCC, DIA, Acerinox, Grifols, Prisa (changed the time of publication at the close of market. Conference 18 : 30 CET) and Power Grid. See more stock market news.
Last session …
Macroeconomic analysis
In the United States met housing pending sales in January that recovered from the fall in December, making a two-year (+2% +1% vs. -1.9% y reviewed above).
In the Eurozone M3 January that was found to be above expectations (+2% vs +1.8% and +2.1% from December).
European Markets
European markets reacted to the decline in the absence of concrete plans from the IMF in the G20 meeting this weekend, so the day was marked by a negative European indices (Eurostoxx -0.29%, CAC -0.74%, DAX -0.22%, FTSE 100 -0.33%). In Spain, the Dow went on to lose the 8,500 points but ended up closing at positive (8544, +0.20%) with REE to the head (+2,22%) followed by Abengoa (+2,13%), and Grifols (+2,11%), both waiting to publish results. Amadeus (+1,40%) was recovered after the fall suffered on Friday after posting its quarterly results. Negative values were dominated by the banking sector while the largest losses were staged Gamesa (-4.83%) and Indra (-4.91%) both affected yet published results last week. Wall Street moves away from the highs reached last week with a lower open even throughout the session was giving a recovery (Dow Jones) -0.13%, S & P 500 -0.09% Europe at the end). See more forex market.
Business
Banco Santander (Amsterdam: SANT.AS – news) and KBC Bank have agreed to merge its two subsidiaries in Poland, Bank Zachodni WBK and Kredyt Bank. After the operation Santander control approximately 76.5% of the resulting entity will be positioned as the third largest bank in Poland with a market share of 9.6% in deposits, 8% loan and 12.9% in offices. Also, Bank Zachodni WBK and Kredyt Bank have reached an agreement with a view to their merger. The agreement establishes an exchange ratio of 6.96 shares of Bank Zachodni WBK for every 100 shares of Kredyt Bank. Meanwhile KBC will reduce its stake in the merged entity (16.4%) to less than 10% immediately after the merger, which will attempt to place between investors and includes a commitment to Santander to acquire up to 5% to help KBC. Read more stock market report.The agreement includes the acquisition of 100% of Zagiel (a subsidiary of KBC Poland consumption adjusted net worth) by Santander that will strengthen the business of Santander Consumer Finance. Both operations are pending approval from relevant competition authorities. It is estimated that the operation could be completed in 2S12, and have an impact on Core capital (under Basel II) of Santander of 5 bps, insignificant figure. At 9:30 Santander will hold a conference to explain the operation. We believe that the operation is positive and that trading should pick up favorably in the short term.
Sabadell. Shall carry out a capital increase amounting to EUR 913.2 mln (23.3% of market capitalization) through the issuance of 691.8 mln shares. The share price for the extension is set at 1.32 euros / share (0.125 + 1.195 par value euro premium) which represents a discount of 46% from yesterday’s closing price (range shuffled off by the entity between 35% -40%). Each share of outstanding bank granted a right of free allocation 7derechos still needed to receive 3 new shares. The contribution period of the rights shall be 15 days from the day following the publication of the operation in the Official Register. Although the news was known, the high discount which makes believe that the answer to the low price but we cannot rule out a contagion effect on other domestic banks.
Telefonica announced the issuance of bonds for an amount of 700 mln GBP as part of its “Guaranteed Euro Medium Term Note Program”. The issue has a maturity of 8 years, annual coupon of 5.597% and an issue price at par (100%). The payment and closing this issue is scheduled for March 12, 2012. News no impact on trading.
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
About Best Growth Stock
Bestgrowthstock.com is a property of Best Growth Stock LLC., which was formed in 2007 by Dr Omar Caban. Caban knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Best Growth Stock is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time!
Best Growth Stock Finance Highlights Stock Market Closure on February 27, 2012
Best Growth Stock Finance Highlights Stock Market Closure on February 27, 2012
The benchmark index of blue chips Dow Jones Industrial Average closed Monday’s session a decrease of 0.01% to end at 12,981.51 while the broader Standard & Poor’s 500 ended with a rise of 0.14% to close at the 1367.61 points.
With regard to macroeconomic news, today they have released the following information: Pending home sales 2% vs. 1% expected; Fed manufacturing activity 17.8 compared to 15.8 expected. See more finance.
Business news:
The tire manufacturer Cooper Tire & Rubber Co has published results of fourth quarter sales of 1,050,000 million compared to 1,020,000 million expected by the consensus of analysts, the retail chain Lowe’s Cos. for reforms (0.66%) has published results for the fourth quarter of 29 cents per share beating the consensus of 23 cents per share.
The contract price of light crude oil future market close stood at the U.S. dollar 107.38 109.68 depreciating U.S. dollar compared to the previous session.
European shares gain altitude on the last leg of the session and closed with slight variations after the German parliament approved the new aid package of 130,000 million euros granted to Greece. At closing, the DAX subtracts 0.22%, ACC 0.74%, FTSE 0.33% and 0.29% Eurostoxx . See more financial news.
At the macroeconomic level, pending sales of existing U.S. homes rose 2% in January compared to the previous month’s decline of 1.9%. On-year sales grew by 10.3%.
The Dallas Fed reported that the overall rate of entrepreneurial activity in the district rose to 17.8 in February from a reading of 15.3 in January. It was expected that the index at 15.5. Readings above zero suggest expansion in activity, while negative readings reflect a contraction.
French producer prices rose 0.6% from January 1 to December decline of 0.1%. Went on-year prices rose by 4.2%.
In the Eurozone, the money supply in the euro area, as measured by M3, rose in January by 2.5% yoy versus 1.6% in December. Expected annual increase of 1.8%. See more forex analysis.
During the afternoon, will be published in the U.S. pending home sales and manufacturing activity of the Dallas Fed.
The Italian Treasury sold 12,250 million to 6 months of Arts and Letters flexible at auction. The issuance of Letters at 6 months reached a coverage ratio of 1.36 (1.35 above) and an average return of 1.202% (1.969% previously). The issue of flexible Lyrics (295 days) achieved a coverage ratio of 2.19 and an average return of 1.290%.
In the commodity market crude recorded slight decreases, so that future contracts are traded in the vicinity of $ 109.125. In currency markets the euro traded against the dollar negative, and the crossing between the two currencies was established at 17:35 hours at 1.34007.
In business, real estate Realia announced that in 2011 continued to show a slight net profit, because a greater asset sales offset the continuing deterioration of business promotion. Its net profit of EUR 1.2 million in 2011 compared to 1.1 million euros in 2010.
Norwegian oil company Statoil has made a discovery of great impact off the coast of Brazil, along with the operator and its partner Sinopec Repsol Petrobras. Repsol Sinopec is the operator of the exploration consortium with a 35%. Statoil has a 35% and Petrobras holds 30%. The discovery was made in the Pao de Acucar survey, about 195 kilometers offshore of Rio de Janeiro, at a depth of 2,800 meters.
Acciona has said its 2011 results were boosted by higher energy prices in Spain and a greater capacity, offsetting a position he had to account for the deterioration of their real estate business. Acciona said its EBITDA grew 8.3% last year to 1,312 million euros. The company closed 2011 with a total installed capacity of 8,211 MW, 7,587 MW compared to last year.
HSBC Holdings announced that its net profit for the whole of 2011 was 16,800 million compared with a profit of 13,200 million in 2010, thanks to the strong performance of its investment banking operations. HSBC has nine months doing a major refurbishment of its global operations, which provides for a reduction in workforce of about 30,000 employees.
BP and the plaintiffs by the 2010 oil spill in the Gulf of Mexico are in talks for a settlement by 14,000 million financed with money originally intended by the company to court settlements, according to Bloomberg News, citing three people familiar to negotiations. BP shut down its facility from 20,000 million known as Gulf Coast Claims Facility and pierce the 14,000 million dollars to plaintiffs who filed lawsuits claiming that the spill affected their businesses and properties, the sources said.
In Spain, the Ibex35 shows a slightly better performance than their European counterparts and can close the session in positive territory, near intraday highs. Our index recorded a slight increase of 0.11% and is set to the level of 8,537.20 points, with REE, Abengoa and Grifols to forefront of developments. In the red zone of the table Indra and Gamesa lead selective cuts.
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
About Best Growth Stock
Bestgrowthstock.com is a property of Best Growth Stock LLC., which was formed in 2007 by Dr Omar Caban. Caban knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Best Growth Stock is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time!
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Best Growth Stock Take on the Stock Market Today – February 27, 2012
Stock Market Today report brought to you by Best Growth Stock.
Major macroeconomic events
Published in the U.S. housing pending sales in January, which should recover (+1% e) of the fall in December (-3.5%).
In the Eurozone know the M3 in January (+1.8% and +2.1% from December).
Stock Markets
The agreement in Greece is a step in the right direction, albeit over the next several days the dates will be relevant to consider that could cause volatility in stock markets, which have started the year with great joy (Nasdaq, DAX, several emerging) and would not be surprising that a break would be taken. We will have to be aware of the acceptance of Greek bond swap with private creditors (which must be completed on 12-March, with reference to the expiration of 14 400 mln eur-March 20) and the approval of the package by several national parliaments (Germany and Finland on Monday and Holland probably Tuesday / Wednesday) and see how the IMF is willing to contribute in this second rescue (probably less than 27% provided in the first). The European Commission’s March 1 must give final approval to the second save Greek, Greece after completing a series of measures required, and address the issue of strengthening the permanent rescue fund. The idea is to strengthen the joint capacity of EFSF-ESM from 500,000 initial EUR mln (how 750,000 mln euros?), with the aim of creating effective firewall and that the Greek situation is not repeated elsewhere in the Eurozone (Portugal, the only device on which have rebounded debt spreads over the past week). In this sense, the G20 this weekend, before considering expanding the IMF’s financial capacity, strengthen calls for the Eurozone before its own mechanisms of stability. (See more stock market news.)
Another of the main references of this week will be the second auction of debt to 36 months of the ECB, scheduled for 29-February in which the system could inject a volume of liquidity similar to the first auction (held last December), close to 500,000 mln eur estimated by Draghi, chairman of the ECB (of which 100,000 to 150,000 mln eur could correspond to the Spanish banking). We understand that this injection of liquidity should be already well discounted in the market, and even the result could be lower than expected given the sharp fall in yields on government debt less attractive to the “carry trade”.
At the macro level are several points of interest for this week, among which are: in the U.S., ISM manufacturing (with expected improvement in February), the first revision of GDP 4T11 (no change expected +2.8%), personal expenses (accelerating its rate of rise) and housing prices (which would remain depressed), in the Eurozone, in addition to auction 36 months of the ECB and the European Summit, the macro focus will be on confidence data and CPI in February, finally, China should confirm that the ISM manufacturing continues to improve and remains above 50 in February.
As for corporate earnings, the market continues to differentiate significantly (in terms of stock market performance) between companies that meet or not expected. In general, the tone of the results is still weak and with little visibility to 2012. In the U.S., will present their accounts Berkshire Hathaway and Loews Corp (Monday) and Costco (Thursday). In Europe, HSBC (Monday), Bayer (Tuesday) and Vivendi, Veolia and Ahold (Thursday). In Spain announced results 4T11: Acciona, Cementos Portland and Abengoa (Monday), Ebro Foods, FCC, DIA, Acerinox, Grifols, Prisa and Electrical (Tuesday), Sacyr Vallehermoso, Europac, IAG, Endesa, OHL, Technical Reunidas Civic Banking, Repsol, ACS (Wednesday) and BME (Thursday). See more stock market report.
Expectations emphasize three of these companies, which are part of our portfolio of 5 great values: DAY, Repsol and Technical Reunidas. In the case of DIA, will highlight the emerging growth and improved margins in Spain and Portugal and will be watching the negotiations with suppliers in France and the 2012 guide that we hope to repeat the company. Repsol, the results will be affected by a weak evolution of Refining & Marketing, but consider that it would be fairly discounted in the price, which has suffered excessive punishment by the tensions in Argentina. A return to fundamentals (exploratory success, confirmation of a significant production growth in coming years) should allow recovery of the levy, which should also benefit from the announcement of the discovery of one of the largest wells discovered in Brazil, confirming the Brazilian offshore as one of the most important growth areas in the world’s hydrocarbon reserves (Repsol operates and holds a 35% in the consortium, Statoil 35% and Petrobras 35%). As Technical Reunidas, rather than the results themselves, most importantly is the prospects for new contracts, we expect to be positive. Also will be watching other features: the proposed dividend of BME (complementary and extraordinary: 0.6 eur / share and 0.372 eur / share expected) and the presentation of the Strategic Plan of REE (Tuesday, coinciding with the presentation of results 2011) for the period 2012-16 and should be very continuity with the previous (average annual capex of 800 mln eur, BPA> +12%, maintaining the pay-out in 65 %).
Major business events
In the United States published results Loews Corp.
In Europe, HSBC and Spain Acciona and Abengoa Cementos Portland (at the end of the stock market).
The results of 2011 have been characterized by high capital gains and a provision for impairment of fixed assets amounting to 269 mln euros in the 4T11 has led the company to renege on the consensus net profit. The main figures show growth in annual terms: +6.1% yoy revenue, EBITDA and net profit +8.3% +20.8%. These figures are unchanged from the rest of the year, with a high contribution of the Energy business group’s EBITDA (contributes 72.6%) which also allows an improvement of EBITDA margin. The advance of the income is supported by the infrastructure business where the trend of increasing globalization. Results partially developed on Friday so we should not expect an impact on trading. The conference results will be at 12:00 h.
Business
Ferrovial. Propose at the next General Meeting of shareholders approve a dividend against voluntary reserves of 0.25 euros / share. This would bring the total dividend paid under 2011 to 0.45 euros / share implies a RPD of 4.7% and an increase of +7% vs 2010.
As for changes in portfolios should be noted that in the 5 major make a change last week, ushering in Gamesa (prior results) in the place of Santander, with the idea that the punishment was excessive to the technology, but the disappointing guidance offered by the company in 2012 forces us to close out the position. In its place comes Mapfre, the insurer has a policy of very stable shareholder return, revenue visibility supported by the international market (focus on Latin America), and a domestic business that shows signs of resistance despite the delicate situation in Spain, as well as high reliability. In this way the portfolio is composed of 5 major Dia, Ferrovial, Mapfre, Repsol and Technical Reunidas.
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Best Growth Stock Finance Highlights Stock Market: Europe ignores the long-awaited rescue of Greece
Best Growth Stock Finance Highlights Stock Market: Europe ignores the long-awaited rescue of Greece
By disbelief or because it was already discounted, the long awaited second save of Greece has been lost on the stock. Months have been talking about the need for “Troika,” International Monetary Fund (IMF), European Union (EU) and European Central Bank (ECB) – gave the green light to the second financial assistance to the Hellenic country and, ultimately, the main European markets closed the week flat approval.(See more stock market today).
Almost certainly, Greece will receive before the critical March 20, which will expire 14 500 million in debt, 130,000 million in the second international bailout, but no economy will overcome all obstacles in their particular marathon. Not only because the discussions on the contribution to these funds will be intense in countries hostile to the rescue as Germany, Holland and Finland next week, but because the demands of reduced public spending linked to the scheme is such that all voices in the market agree that condemn the country to a lasting economic depression. In addition, private creditors have until March 9 to decide whether to accept the removed “voluntary” debt, and “voluntary” because one of these bondholders, Commerzbank, ironically this week by the mouth of its chief executive that “voluntariness is like that of the confessions in the Spanish Inquisition.”
Stock Market
But concerns this week that may have been responsible for the euphoria over the rescue of Greece was such, go beyond Athens. The European Commission (EC) on Thursday showed a depressed Greece, the European Union should help a stagnant, and a mild recession in Eurozone. (See stock market analysis). At least that’s what we have predicted the authorities in Brussels, which in turn expect growth in Spain to contract 1% in 2012. A downward revision of the estimates, however, and despite what had been speculated, have prompted the EC soften the tough targets for reducing public deficits of member states. Throughout the week there has been speculation that Spain pressed in Brussels to be so, but the Union replied that until they have all the official data from 2011 and 2012 budgets will not open this debate. The Prime Minister, Mariano Rajoy, has advanced to the budgets will be ready on March 30.
But from a technical standpoint, the major stock markets worldwide, including Wall Street, are near their yearly highs. “We have seen occasional corrections, but then came money to support prices,” explains the analyst Web Financial Group, José María Rodríguez. This expert is clear that some indexes that show up ten weeks followed anything but weakness. It’s a shame we could not say the same of Spanish index, which closed the week much weaker than their colleagues. The Ibex35 is left in these five sessions 1.49%, and will start on Monday from 8527.70 points.
Financials
And it will do to list many relevant citations. For starters, the conclusions they reach the Ministers of Economy and Finance G20 meetings starting that night in Mexico City. There, the famous emerging countries may have a particularly important role, and show that this crisis is changing the world order. The so-called BRICs (Brazil, Russia, India and China) could be mulling the creation of a bank to pool funds to help developed countries, according to Bloomberg citing advances Indian government officials. (See the forex market). Also the European Union leaders will meet in a summit in Brussels on 1 and 2, but before you are called to be the quote of the week. On Wednesday, the ECB injected a second time in history liquidity to three years at 1%. Flood insurance cheap money that will benefit banks. Since the ECB did this early Christmas present to the financial system last December, the stock has not stopped rising.
More News
The week we left behind, also leaves a flood of corporate earnings in Spain and Europe in general, have resulted in the feeling that the profits of big companies suffer from the global economic situation. This factor differs greatly from the start of 2012 that starred 2011. Not to forget the pressure generated in the global recovery of oil prices triggered by Iran’s threats to cut oil supplies to European countries.
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
About Best Growth Stock
Bestgrowthstock.com is a property of Best Growth Stock LLC., which was formed in 2007 by Dr Omar Caban. Best Growth Stock is founded to provide the latest patterns of stock trading data and financial advice that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; which continues to outperform the stock market today by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Best Growth Stock is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time!
You need A Mobile Website
<sturdy>Why You Need to Possess A Smartphone Internet site Design? durable>
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<strong>Travel out to far more clientssturdy>
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<robust>Better Readabilityhardy>
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