News for January 27th 2011

 

 

Gold Drop Today & Gold Losing Safe-Haven Appeal 

Why Oil Dropped This Morning

U.S. Crude Down $1 on Jobless Data, Kuwait Remarks

Japan's Credit Rating Cut to AA- by S&P on Mounting Debt Burden

European Economic Confidence Holds Near Three-Year Peak

Trichet Says ECB Will Do What Is Needed on Inflation

Bini Smaghi Says Imported Inflation Can't Be Ignored

Belgium Faces Wrath of Markets as Its Deadlock Deepens

China Will Face Crisis Within 5 Years, 45% of Investors Say

AstraZeneca to Double Stock Buyback to $4 Billion Amid New Drug Setbacks (AZN)

Apple Stores in China Outsell Fifth Avenue as Nation Outgrows Gray Market

Rising Price Pressures Spur Concerns

Hulu Reworks Its Script as Digital Change Hits TV

Bearish Bets Rise on Nasdaq

EU Price Cuts and U.S. Reform Weigh on Big Pharma

Apple Supports China Mobile's TD-LTE Tech: Report

IMAX CEO Brushes Off Rumours of Disney Takeover (via @RPKTrader)

Initial Jobless Claims: Up to 454K, vs. Cons. 405K; Continuing Claims: 3.991M

Dec. Durable Goods Orders Orders -2.5%, vs. cons. +1.5%; ex-trans +0.5%

Altria Group reported Q4 EPS of $0.44, in-line with the analyst estimate of $0.44. Announces new $1 Billion share buyback (MO)

AT&T reported Q4 adj-EPS of $0.55, $0.01 better. Revenue $31.4 billion versus the consensus estimate of $31.47 billion (T)

Caterpillar EPS $1.47 vs $1.27 est; revs $12.14bn vs $11.63bn est (CAT)

Eli Lilly & Co. reported Q4 EPS of $1.11, $0.02 better. Revenue $6.19 billion versus the consensus estimate of $5.99 billion (LLY)

Lockheed Martin reported Q4 EPS of $2.38, $0.29 better. Revenue $12.79 billion versus the consensus estimate of $12.47 billion (LMT)

Potash Corp. EPS $1.61; revs $1.81bn and also announced a 3-for-1 stock split (POT)

Procter & Gamble reported Q2 core EPS of $1.13, $0.03 better. Revs $21.3B, vs $21.57B. Sees Q1 EPS of 95c-$1, vs. 99c. Reaffirms FY11 (PG)

Raytheon Q4 EPS of $1.37, on sales of $6.89B; sees FY11 EPS $4.83-$4.98, sales $25.5-$26.3B (RTN)

Tyco reported Q4 EPS of $0.75, $0.07 better. Revenue for the quarter came in at $4.38B versus the consensus estimate of $4.34B (TYC)

The CMA Sovereign Risk Monitor (CDS Values):

Posted in Breaking News