Daily Archives: February 29, 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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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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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 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!
