All Blog Posts Tagged 'lower' (17)

 despite slight weakness in the dollar. Crude oil is lower this morning by 1.14, currently at 98.13. Gold is -0.50 at 1528.70.

While U.S. news flow is relatively light this morning, there were a few pieces of M&A news of interest. Shoe company Timberland (TBL) is being bought out by VF Corp (VFC) for $43 per share, representing a 43% premium to Friday's closing price, and a total enterprise value of…

TZOO is trading ~11% lower today following a report out last night that Facebook will be entering the daily deals space, an emerging market popularized by Groupon. According to a NY Times article (link here) out last night, Facebook is launching its deals product in 5 cities today. There has been many firms entering this business on the success seen from Groupon…

Tuesday, February 1, 2011 5:53 PM

Futures are lower after hours: S&P 500 futures are -1.94 from fair value of 1303.94 and Nasdaq100 futures -2.61 points from fair value of 2323.11are -1.94 from fair value of 1303.94 and Nasdaq100 futures -2.61 points from fair value of 2323.11

Stocks hit their highest levels of the session in the first hour of trading, and saw a gradual selloff throughout the course of the day. Stocks closed near their worst levels of the session with the S&P 500 seeing losses of 0.5%...Equity futures were under pressure in pre-market trading after Moody's announced it was reviewing Spain for a negative outlook, Portugal held a weaker-than-expected 3-month bill auctionl, and Japan's Tankan survey indicated…

Moody's put Spain 's Aa1 rating on review for a potential downgrade, which fueled the worries in Europe again. This, coupled with a drop in business confidence in Japan as evidenced in the BOJ's Tankan Survey, has created negative sentiment across the markets. The Asian markets initially opened lower in reaction to the Tankan data, began to recover, but jerked lower (the Hang Seng in particular) when the news on Spain came out. The weaker yen most likely…

Commodities finished mostly lower today, with industrials (+1.4%) the sole advancing issue. Energy shed 1.2%, while grains lost close to 1% on the day. The volatility in March orange juice futures continued today after they shed 4% to close at $1.6015 per pound... Jan natural gas ended lower by 3.3% to $4.25 per MMBtu, posting its third loss in four sessions. Forecasts for above avg temps across the Midwest helped prices move lower today. Jan crude oil…

BBY Best Buy Call: Q3 hurt as fellow retailers took share with aggressive discounts on lower end home entertainment products (35.60 -6.10)



Domestic sales were disappointing, hurt mostly by TVs, mobile computers and gaming. Lowered FY11 EPS guidance was the result of lower domestic comp expectations; co did not give any indication for Q4/FY11 top-line trends... Expectations were for an improved TV…