Trader Talk
- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
TRADER TALK VIDEO GALLERY
TRADER TALK RSS FEED
MOST SHARED
- Garlic Price Rises Surpass Gold, Stocks in China
- New-Home Sales Jump 6.2% To Highest Level in Over Year
- S&P Stocks Trading at New 52-Week Highs
- Where Do Pardoned Turkeys Go?
- Judge Erases Couple's $525,000 Mortgage Payment
- The Executive Job Search
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Salvation Army's Kettles Now Credit Card-Ready
- US Plans to Reduce Emissions By 17% Within Next Ten Years
- Consumer Mood Improves, But Anxiety Over Personal Finances
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- AIG, Ex-CEO Greenberg Reach Pact to Settle Disputes
- Bank of America CEO Search May Extend Into 2010
- Steepest Black Friday Discounts, Revealed
- 'Cancer of Fraud' Permeates Health Care System: Critics
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Judge Erases Couple's $525,000 Mortgage Payment
- For Many in US, It Will Be a Scaled-Down Holiday Season
- Where Do Pardoned Turkeys Go?
- Jobless Claims Below 500,000, Durable Orders Slip
Text Size 
Reporter
Stocks futures have weakened on the stronger dollar... due to Mr. Bernanke's comments that monetary policy could be tightened as a recovery takes hold. Those comments have sent commodity and commodity stocks like BHP Billiton [BHP
Loading...
()
], BP [BP
Loading...
()
] and Harmony Gold [HMY
Loading...
()
] lower.
Global employment improving? A day after Australia reported a better than excpected employment report, Canada has done the same. Their unemployment rate unexpectedly fell a sharp .4 percent to 8.4 percent.
Talk about catchup: China's Shanghai Composite up 4.8 percent overnight...they have been on vacation, so this was the first trading day in October. China's Vice Premier said they would continue their stimulus program and loose monetary policy. Stocks like Taiwan Semi [TSM
Loading...
()
] up on heavy pre-open volume.
Elsewhere:
1) Chevron Corp. [CVX
Loading...
()
] said its third-quarter earnings will be higher than the previous quarter, boosted by higher oil prices and gains from asset sales. This is hardly a surprise, since first and second quarter earnings were the lowest in years. Q2 earnings came in at $0.87; analyst consensus for the current quarter is $1.39.
2) Marriott [MAR
Loading...
()
]: who's right? Interesting divergence of opinion a day after Marriott reported better earnings. Two firms downgrade, one upgrades.
a) Susquehanna downgrades: "While Marriott is doing as good a job as could possibly be expected given the immense challenges facing the lodging industry, we simply believe the recent run in the stock has priced in more of a recovery than we think the industry is capable of producing over the next few years."
b) Soleil also downgraded "as the market digests the fact that a lodging recovery is likely to lag the broader economy given the tradionally slower rebound in corporate-group business."
c) But BofA/Merrill upgrades, saying "all of MAR's earnings drivers are likely headed higher driven by strong unit growth."
_____________________________
_____________________________
Questions? Comments?
POPULAR TRADER TALK POSTS
- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
Data is a real-time snapshot *Data is delayed at least 15 minutes