Friday, February 26, 2010

Dow Chart February-26-2010 Flat Home Sales Down

Sales of previously owned U.S. homes unexpectedly dropped 7.2 percent in January to a seven-month low, indicating a lack of job growth is undermining government incentives to bolster the housing market.

The decline to an annual pace of 5.05 million, reported today by the National Association of Realtors in Washington, was the second-largest on record after December’s 16.2 percent plunge. A separate report showed the economy grew at a 5.9 percent pace last quarter, faster than initially estimated.

Thursday, February 25, 2010

Dow Chart February-25-2010

The S&P 500’s retreat shrank as Apple Inc. reversed its drop, rising 0.7 percent amid speculation the iPhone maker will split its stock, and as the euro rose versus the dollar

Wednesday, February 24, 2010

Dow Chart February-24-2010 Up 90

U.S. stocks rallied, halting a global retreat. Ten-year Treasuries erased gains after a record-tying $42 billion sale of five-year notes.

Tuesday, February 23, 2010

Dow Chart February-23-2010 Down 100 Points Confidence Report

Confidence among U.S. consumers fell in February to the lowest level in 10 months, a sign that concern about job prospects may hold back the spending needed to sustain the recovery.

Monday, February 22, 2010

Dow Chart February-22-2010

Retail stocks marked down late
Nordstrom, RadioShack shares trade lower in after-hours session.
• Wal-Mart buying Silicon Valley movie-streaming firm Vudu
• Stockholders run out of steam; four-session win streak broken
• Oil back atop $80 | Which CEOs turn down bonuses? (FINS

Thursday, February 18, 2010

Dow Up 83 Points February-14-2010

Fed Raises Discount Rate by Quarter-Point to 0.75%
The Federal Reserve Board raised the discount rate charged to banks for direct loans by a quarter point to 0.75 percent and said the move will encourage financial institutions to rely more on money markets rather than the central bank for short-term liquidity needs.
U.S. stock markets moved higher Thursday after the Labor Department said filings for initial jobless benefits rose by 31,000 last week.

Wednesday, February 17, 2010

Stock Market Dow Spectacular Rise February-17-10

Stocks and the dollar rose as higher-than-estimated earnings and economic data signaled the global recovery is gaining momentum. Treasuries slid as Federal Reserve minutes showed policy makers debated selling assets.

Tuesday, February 16, 2010

Dow Chart February16-2010

Stocks rose around the world as improved earnings at Barclays Plc and faster-than-estimated growth in New York manufacturing spurred optimism the global economic recovery will be sustained. Commodities rallied, with oil jumping the most in four months, as the dollar weakened.

Thursday, February 11, 2010

City Harvest and Channel Thirteen Volunteers at NYSE

Dow Chart February-11-2009 up Hundred

U.S. foreclosure filings rose 15 percent in January from a year earlier and exceeded 300,000 for the 11th consecutive month as modification programs failed to keep delinquent borrowers in their homes.

Monday, February 8, 2010

Brokers Stock Recommendations

Micrus Endovascular Corp (MEND Zacks) February-08-10 ST

Micrus Endovascular Corp (MEND) Zacks Recommendation February-08-10

Aggressive Growth Micrus Endovascular By: Bill Wilton
February 08, 2010 | Comments: 0
Recommended this article (1)
MEND Print Share
Micrus Endovascular Corp (MEND - Snapshot Report)) shares are surging on the latest quarterly report. The company and analysts have raised their full-year outlook.
Revenues Surging

On Feb 4 Micrus released quarterly results that showed a 24% increase in revenue, to a record high. Sales rose to %22.8 million. Net income came in at $3.3 million, up from a loss one year ago.

Earnings per share were 20 cents, almost triple the Zacks Consensus Estimate of 7 cents. This was the fourth consecutive earnings surprise. The company went on to raise full-year guidance.

The Zacks Consensus for fiscal 2010 is up 2 cents since the report, to 51 cents. Forecasts for next year are averaging 56 cents, 4 cents higher since the report.

Compare these levels to the 70 cent loss Micrus posted last year and the growth is staggering. However, those growth rates are coming at a decent value as shares are trading with a PEG ratio of 0.8.

Dow Chart February-08-10

Tuesday, February 2, 2010

Domino Pizza Story

Early years

In 1960, Tom Monaghan and his brother, James, purchased DomiNick's, a small pizza store in Ypsilanti, Michigan. The deal was secured by a $75 down payment and the brothers borrowed $500 to pay for the store. Eight months later, James traded his half of the business to Tom for a used Volkswagen Beetle. As sole owner of the company, Tom Monaghan renamed the business Domino's Pizza, Inc. in 1965. In 1967, the first Domino's Pizza franchise store opened in Ypsilanti. Domino’s continued to grow and in 1978 opened its 200th store.

Revenue ▲ $1.462 billion USD (2007)
Employees 145,000

Dow February-2-2010 up more than 100 points