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All Blog Posts Tagged 'Positive' (8)

SMF Notes ISM Shows Positive Surprise, Manufacturing Growth Reaccelerating

The ISM Manufacturing Index expanded from 53.5 in May to 55.3 in June. The Briefing.com consensus expected the index to fall to 51.1. The acceleration in manufacturing was a surprise considering the performance of most regional manufacturing surveys. Three out of the six regional manufacturing surveys -- New York Fed's Empire State Manufacturing Survey, Philadelphia Fed's Business Outlook, and Dallas Fed's Texas Manufacturing Outlook -- all contracted in June and… Continue

Added by ken flagg on July 1, 2011 at 12:00pm — No Comments

SMF Notes WRAPX Commodities Update: Crude Remains in the Red; Gold Moves into Positive Territory Temporarily

Energy markets are mixed this morning, gold is back near the flat line, while silver is showing sharp losses. The dollar index is down 0.4% and is providing a boost to only select commodities.

Crude oil has been in negative territory all morning and fell to session lows of $97.81/barrel earlier this morning. It has since recovered about half of its losses and is now down 0.6% at…

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Added by ken flagg on June 13, 2011 at 12:58pm — No Comments

SMF Notes End of Day Summary: Week Ends on Positive Note

Stocks finished this holiday-shortened week on a high note, thanks largely to another big batch of better-than-expected earnings. Broad buying during the past two sessions gave the Dow and S&P 500 weekly gains of little more than 1%, but the Nasdaq Composite climbed 2% this week.

The Nasdaq outperformed its counterparts during the past couple of sessions with help from large-cap tech issues. Intel…

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Added by ken flagg on April 21, 2011 at 10:13pm — No Comments

SMF Notes Decline in the September Trade Deficit Should Result in Positive GDP Revision

The U.S. trade deficit shrank from $46.5 bln in August to $44.0 bln in September. The Briefing.com consensus expected the deficit to tighten to $44.8 bln. Not only did the trade deficit beat consensus expectations, but the BEA estimated that the trade deficit widened to around $47.0 bln in the advance third quarter GDP estimate. Therefore, the decline in the deficit should result in a positive revision to Q3 GDP. Exports in…

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Added by ken flagg on November 10, 2010 at 11:30pm — No Comments

SMF Notes: CSCO Cisco Systems: Positive secular trends in place

Ticonderoga notes that upside delivered in networking in the previous quarters was absent in 2Q10, and they are slightly lowering their aggregate rev projection for 3Q10. They favor networking stocks such as CSCO at 9.8x their CY11 pro forma EPS est (based on P/E ex-cash) and JNPR at 14.1x CY11 (based on P/E ex-cash) that enjoy attractive valuations, strong balance sheets and expanded addressable markets. Despite continued outperformance by FFIV and… Continue

Added by ken flagg on August 23, 2010 at 10:43am — No Comments

SMF Notes: End of Day Summary: Tone Turns Positive, but Resistance Looms

Broad buying in light volume gave stocks strong gains, but the effort failed to take stocks through a key resistance level... Stocks sported robust gains for the entire session. Though they finished with their best percentage gain in two weeks, strength actually faded into the close. The late drift came after the S&P 500 failed to penetrate the 1100 line. It did manage to close firmly above its 50-day moving average of 1088, however... The advance… Continue

Added by ken flagg on August 17, 2010 at 6:51pm — No Comments

SMF Notes: End of Day Summary: Losses Persist After Positive Response to FOMC

A positive response to the latest FOMC policy statement brought a bid to the broader market, but stocks still finished with varied losses... Weakness was widespread in the early going. Participants took their cues from overseas markets, which moved lower in response to disappointing trade data from China overnight. The morning mood was further undermined by news that second quarter nonfarm productivity made a surprise 0.9% decline. News that wholesale… Continue

Added by ken flagg on August 10, 2010 at 6:00pm — No Comments

WRAPX End of Day Summary: Positive Streak Ends as Participants Take Profits

The stock market's six-session streak of gains ended in dramatic fashion as the S&P 500 suffered its worst percentage loss in two months following news that the Securities Exchange Commission (SEC) has levied a charge against Goldman Sachs... Moderate weakness in the early going became something much worse with midmorning news that the SEC has charged Goldman Sachs (GS 160.70, -23.57) and one of the company's vice presidents with fraud related to subprime securities. Goldman… Continue

Added by ken flagg on April 16, 2010 at 7:10pm — No Comments