Tuesday 18 October 2011

Morning Market Briefing

RTT News: Global Financial Newswires

Morning Market Briefing

Tuesday, October 18, 2011, 09:01

Contents

Commentary

Stocks May Show A Lack Of Direction In Early Trading - U.S. Commentary

After falling sharply in the previous session, stocks may show a lack of direction in early trading on Tuesday. The major index futures are currently pointing to a mixed open for the markets, with the Dow futures down by 24 points, while the Nasdaq futures are up by 7.8 points. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

Economic News

RBA Minutes: Current Policy "Appropriate"

The Reserve Bank of Australia's policy committee felt existing monetary policy was sounds, and showed little concern about inflation in October. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

China Q3 GDP Growth Slowest In 2 Years

China's gross domestic product expanded at the slowest pace in nearly two years in the third quarter, adding to evidence the economy is heading towards a soft landing as government efforts to cool inflation slowly takes effect. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

France Sees No Threat To AAA Rating Despite Moody's Warning

France expects to defend its triple-A rating despite strong signals from Moody's Investor Service that the government's top rating may come under pressure in the coming months. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

U.K. Inflation Jumps To 3-year High

Higher utility bills pushed up U.K. inflation to the highest in three years in September. The unabated above-target inflation is forecast to slow once the impact of the sales tax hike drops out of annual comparison and weak economic activity weigh on underlying price pressure. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

German Investor Sentiment At 3-Year Low As Crisis Hurts Economy

Confidence among German investors dropped to its weakest level in nearly three years in October as subdued domestic economic activity triggered concerns that the debt crisis is seeping into Eurozone's largest economy, which so far stood undeterred by the turmoil. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

U.S. Producer Prices Rise More Than Expected In September

Driven in part by a spike in energy prices, producer prices jumped by more than expected in the month of September, according to figures released Tuesday by the Labor Department. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

Earnings News

VMware Q3 Profit More Than Doubles

VMware Inc. (VMW) posted Monday a surge in third-quarter profit as a result of all-round growth driven by strong demand in Asia Pacific markets and also seasonal sales to the US Government. Both adjusted earnings and revenues topped Street expectations. The company also forecast fourth-quarter revenues, with an estimate matching or beating market consensus. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

IBM Q3 Profit Edges Up; Lifts 2011 EPS View

International Business Machines Corp. (IBM) Monday reported a higher third-quarter profit thanks to wider margins and higher revenues. However, the results fell short of the market view. The company also lifted its full-year reported and operated earnings outlook. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

Stanley Black & Decker Q3 Profit Climbs

Stanley Black & Decker Inc. (SWK) Monday announced a rise in third-quarter profit due to higher margins as well as a push to revenues from acquisitions and currency effects. Both adjusted earnings and revenues beat analysts' estimates. The company also guided on fourth-quarter earnings, with an estimate below analysts' consensus. Further, it also lowered its 2011 earnings and sales growth targets. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

UnitedHealth Group Q3 Profit Dips; Ups 2011 Financial Forecast

UnitedHealth Group Inc. (UNH) reported Tuesday a lower third-quarter profit as narrower margins offset the revenue growth. However, earnings per share went up on a lower share count and beat estimates, while revenues fell short. The company also upped its 2011 financial forecast. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

EMC Q3 Profit Rises

EMC Corp. (EMC) Tuesday posted a jump in third-quarter profit on "record" margins and also "continued" strong worldwide demand which drove a "balanced" revenue growth. Both adjusted earnings and revenues exceeded Street expectations. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

Coca-Cola Q3 Profit Up

The Coca-Cola Co. (KO) said Tuesday third-quarter profit went up year-over-year as "solid" concentrate sales growth, currency effects, positive price/mix and an acquisition drove revenues up 45 percent. Both comparable earnings and revenues beat analysts' estimates. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

Goldman Sachs Plunges to Q3 Loss

The Goldman Sachs Group inc. (GS) Tuesday reported a third-quarter loss, with a "significant" drop in global equity markets and "unfavorable" credit markets resulting in negative revenues from the Investing and Lending segment. The results missed market expectations. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

Johnson & Johnson Q3 Profit Drops; Tightens 2011 EPS View

Johnson & Johnson (JNJ) Tuesday announced a decline in third-quarter profit on the impact of an acquisition-related mark-to-market adjustment. Adjusted earnings, however, increased year-over-year and topped market estimates while revenues disappointed. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

Forest Labs Q2 Profit Slumps

Forest Laboratories Inc. (FRX) reported Tuesday a lower second-quarter profit due to higher expenses offsetting the rise in revenues. Earnings fell short of the Street view, but revenues beat. The company reiterated their fiscal 2012 earnings view. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

Bank of America Posts Q3 Profit

Bank of America Corp. (BAC) announced Tuesday a third-quarter profit primarily reflecting one-time gains this year compared to a hefty impairment charge a year ago. (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn

Broker Ratings Changes

FBR Capital Markets Starts Urban Outfitters Inc. (URBN) At Outperform With $30 Price Target

(Oct 18, 2011) ForwardFacebookTwitterLinkedIn

Todays WS Events

Apple Q4 11 Earnings Conference Call At 5:00 PM ET

Apple Inc (AAPL)will host a conference call at 5:00 PM ET on October 18, 2011, to discuss Q4 11 earnings results. To access the live webcast, log on to http://investor.apple.com/ To access the call, dial (866) 431-5314 or (719) 457-2626 with the confirmation code 898560. For replay ,dial (888) 203-1112 or (719) 457-0820 with the confirmation code 2922403. (Oct 18, 2011) ForwardFacebookTwitterLinkedIn

Bank Of America Q3 11 Earnings Conference Call At 8:30 AM ET

Bank of America Corporation (BAC) will host a conference call at 8:30 AM ET on October 18, 2011, to discuss Q3 11 earnings results. To access the live webcast, log on to http://investor.bankofamerica.com (Oct 18, 2011) ForwardFacebookTwitterLinkedIn

Coca-Cola Q3 11 Earnings Conference Call At 9:30 AM ET

The Coca-Cola Company (KO) will host a conference call at 9:30 AM ET on October 18, 2011, to discuss its Q3 11 earnings results. To listen to the live audio webcast, log on at www.thecoca-colacompany.com/investors/index.html (Oct 18, 2011) ForwardFacebookTwitterLinkedIn

Goldman Sachs Q3 11 Earnings Conference Call At 9:30 AM ET

Goldman Sachs Group Inc. (GS) will host a conference call at 9:30 AM ET on October 18, 2011, to discuss its Q3 11 earnings results. To access the audio webcast, log on at www.gs.com/shareholders To hear the live call, dial 1-888-281-7154 (US) or 1-706-679-5627 (International). A replay of the call can be heard by dialing 1-800-642-1687 (US) or 1-706-645-9291 (International) with passcode 97264639 . (Oct 18, 2011) ForwardFacebookTwitterLinkedIn

Johnson & Johnson Q3 11 Earnings Conference Call At 8:30 AM ET

Johnson & Johnson (JNJ) will host a conference call at 8:30 AM ET, October 18, 2011, to discuss its Q3 11 earnings results. To access the live webcast, log on at www.investor.jnj.com (Oct 18, 2011) ForwardFacebookTwitterLinkedIn

Juniper Networks Q3 11 Earnings Conference Call At 5:00 PM ET

Juniper Networks (JNPR) will host a conference call at 5:00 PM ET on October 18, 2011, to discuss Q3 11 earnings results. To access the live webcast, log on to http://investor.juniper.net To listen to the call, dial 877-407-8033 (US) or +1-201-689-8033 (International) (Oct 18, 2011) ForwardFacebookTwitterLinkedIn

Unitedhealth Group Q3 11 Earnings Conference Call At 8:45 AM ET

Unitedhealth Group (UNH)will host a conference call at 8:45 AM ET October 18, 2011, to discuss its Q3 11 earnings results. To access the live webcast, log on at www.unitedhealthgroup.com For replay a call, dial 1-800-642-1687 ;conference ID : #11910262. (Oct 18, 2011) ForwardFacebookTwitterLinkedIn

Yahoo Q3 11 Earnings Conference Call At 5:00 PM ET

Yahoo! Inc. (YHOO) will host a conference call at 5:00 PM ET on October 18, 2011 to discuss its Q3 11 earnings results. To access the live webcast, log on at http://investor.yahoo.net/ (Oct 18, 2011) ForwardFacebookTwitterLinkedIn

Stocks To Watch

Drilling Profits...

This low-cost, independent oil and natural gas producer comes on our radar, in view of its strong quarterly results and growth in production for the seventh quarter in a row... (Oct 18, 2011) Full ArticleForwardFacebookTwitterLinkedIn


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