Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
D3020042011

D3020042011

Ratings: (0)|Views: 27|Likes:
Published by Andre_Setiawan_1986
Off the S&P
Off the S&P

More info:

Published by: Andre_Setiawan_1986 on Apr 20, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

04/20/2011

pdf

text

original

 
 
April 20
th
2011
1
.DJI 12,266.75 (+65.16
 +0.53%) .SPX 1,312.62 (+7.48
 +0.57%) .IXIC 2,744.97 (+9.59
 +0.35%)
Offthe
S&P and On to Earnings … Again
 
The Dow Jones Industrial Average ended up 65.16 points or 0.53% on Tuesday as the averagesettled at 12,266.75. NASDAQ composite advanced 0.35% or 9.59 points to 2,744.97 while theS&P 500 index settled at 1,312.62 or up 7.48 points (+0.57%).JNJ led the Dow 30 gainers with a rise of 3.69%, followed by CAT which climbed 2.12% and AA asthe aluminum producer added 1.92%. On the contrary, TRV slumped 1.41% along with CSCO andBAC which fell 0.72% and 0.64%, respectively.
JNJ’s rally stemmed from its solid Q1 earnings.
It surpassed revenue expectation despite missing theconsensus EPS estimate and despite numerous products recalls. INTC also surprised the marketconsidering the expected decline in PC sales as tablets dominate the PC industry. IBM beat bothrevenue and EPS estimates, but it was down 0.85% during the after-hours as investors worried aboutthe decline in contract signings.Elsewhere, in the commodity markets, gold continues to shine as it soared to hit $1,500 mark before itretreated to settle at $1,495.10, up $2.20 an ounce for the June contract. At the spot market, goldadvanced 11c to settle at $1,495.19 after it touched intraday peak at $1,499.31. Crude oil for Junedelivery ended up 59c at $108.28 while the Brent crude for June delivery finished at $121.33, down28c.
DayAhead
AXP is set to report on Wednesday. Its Q1 result is expected to show EPS of 92c on revenue of$6.98B. Market consensus ranges from 78c to $1.01 on EPS and $6.65B to $7.17B for revenue. Inprior year AXP booked EPS of 73c. As card delinquencies rate dropped, AXP may post an upsidesurprise results.Meanwhile, T also scheduled to report today. EPS is expected at 57c on revenue of $31.27B.Consensus ranges from 54c to 60c and revenue between $30.86B and $31.55B. The loss of iPhoneexclusivity may be the dominant factor to weigh on the stock today.Finally, UTX is also set to announce its Q1 results. Market consensus sees Q1 EPS at $1.07, better than93c recorded in the same quarter a year before.On the international issues, the Eurozone debt crisis remains an issue. S&P warning on US debt ratingsis slowly fading, while the market now seems to be re-focusing itself on the earnings releases.Economic indicator front will feature the existing home sales data which is seen edging higher inMarch to 5.05M from 4.88M. Still, no significant impact is seen from the figure.
 
 
April 20
th
2011
2
.DJI 12,266.75 (+65.16
 +0.53%) .SPX 1,312.62 (+7.48
 +0.57%) .IXIC 2,744.97 (+9.59
 +0.35%)
Stock Focus: American Express, Co.
It’s going to take a firm break of $47.10 barrier in order to turn AXP’s outlook to POSITIVE. Right
now, signs of that event occurring are rising EMAs, MACD which starts to rise again, and some ampleroom for a rise as indicated by the RSI value. After the market closes on Wednesday we will haveAXP reporting its earnings. If $47.10 gives way, the next objective will be simply $48.20, en route to$50.05.
For now, let’s just focus on $47.10.
 
LastApr 19thResistances
47.10 48.20 49.19 50.05 50.70
$46.64
1.26%Supports
45.13 44.57 44.00 43.31 42.19
WTDMTDOutlook
0.84%
3.19%NEUTRALYTD12-MonthPrice Tgt
8.67%
1.13%$48.20AXP
 
 
April 20
th
2011
3
.DJI 12,266.75 (+65.16
 +0.53%) .SPX 1,312.62 (+7.48
 +0.57%) .IXIC 2,744.97 (+9.59
 +0.35%)
Code Last Dy WTD MTD YTD 12-MosAA 16.44 1.92% -0.48% -6.91% 6.82% 22.41%AXP 46.64 1.26% 0.84% 3.19% 8.67% 1.13%BA 73.15 0.49% 0.76% -1.06% 12.09% 0.99%BAC 12.34 -0.64% -3.74% -7.43% -7.50% -30.79%CAT 106.10 2.12% -1.04% -4.71% 13.28% 55.82%CSCO 16.61 -0.72% -2.47% -3.15% -17.89% -38.32%CVX 105.40 0.86% -0.79% -1.94% 15.51% 29.42%DD 54.67 1.62% -0.40% -0.55% 9.60% 37.22%DIS 41.35 0.36% -0.41% -4.04% 10.24% 12.24%GE 20.27 1.45% 1.15% 1.10% 10.83% 7.48%HD 37.77 0.03% -1.05% 1.92% 7.73% 7.21%HPQ 39.99 0.60% -0.67% -2.39% -5.01% -23.05%IBM 165.40 -0.33% -0.49% 1.43% 12.70% 28.22%INTC 19.86 1.22% 0.56% -1.59% -5.56% -13.05%JNJ 62.69 3.69% 3.52% 5.81% 1.36% -2.50%JPM 44.65 1.57% -0.53% -3.15% 5.26% 4.86%KFT 33.40 0.54% 0.12% 6.51% 6.00% 12.84%KO 67.09 -0.33% -1.35% 1.13% 2.01% 25.52%MCD 76.60 -0.52% -1.01% 0.67% -0.21% 8.51%MMM 91.86 0.45% -1.03% -1.75% 6.44% 3.60%MRK 33.75 -0.53% -2.20% 2.24% -6.35% -3.68%MSFT 25.15 0.28% -0.87% -0.95% -9.89% -17.65%PFE 20.53 0.64% 0.00% 1.08% 17.25% 22.79%PG 63.86 -0.22% -0.50% 3.67% -0.73% 2.73%T 30.31 0.00% -1.11% -0.98% 3.17% 16.31%TRV 58.18 -1.41% -2.71% -2.19% 4.43% 14.66%UTX 82.36 0.81% -1.31% -2.71% 4.62% 9.89%VZ 37.24 -0.19% -1.61% -3.37% 4.08% 28.86%WMT 53.35 0.08% -0.37% 2.50% -1.08% -0.54%XOM 83.80 0.84% -0.58% -0.39% 14.61% 23.65%
Price Performance - as of Apr 19th 2011

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->