Posts Tagged ‘S&P 500’

    • Wednesday, 26th August 2009 Morning Wrap

    Wednesday, August 26th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

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    General Advice Only
    ************************************************
    In this morning s wrap

    DOW: up 0.3% (at 10 Month Highs)
    Housing & Consumer Confidence Data
    Beat Forecasts

    NASDAQ: up 0.3%
    Bernanke Gets 4 More Years Heading the Fed

    FTSE: up 0.4% (10 Month Highs)
    Telcos Support; Miners Weigh;
    DAX up 0.7% & CAC up 0.7%

    NIKKEI: down 0.8% (off 10 Month Highs)
    JPY: Toyota to Reduce Production 10% 2010;
    Hang Seng down 0.5%

    CHINA: down 2.6%
    Volatility Increasing;
    Sinopec on Acquisition Trail

    Oil: down 3.1% ($71)
    Recovery Continues;
    US Inventories Down;

    Gold: up 0.2% ($945)
    Commodities Lower;
    USD Flat

    SPI: Critical Level(s): 4250 to 4450
    SPI up 16 (0.4%)
    Reporting Continues

    ASX News

    SUN FY profit drops 40% ($384m)
    CEU FY Net Loss widens ($531m); Capital Raising @33c
    FGL FY Profit $438m (3 times); wine business underperforms
    ALL 1H09 profits down 147%, Rev down 5.3%, EBITDA down 112%
    OSH 1H09 profits down 73%, PNG LNG on track

    Reports:
    W: AOE, LGL, CMJ, GFF, PBG, SEV (CMJ stake), SGX, TCL, TOL, WDC, ;
    Th: WOW (Strong), CWN (Rev?), GNS (Loss?), VBA (startup VAustralia)
    F: CTX, HVN NRT, SHL

    Materials & Energy stocks to profit taking
    Banks to recover
    ASX to open flat
    US & UK Holding

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    Monday, 24th August 2009 Morning Wrap

    Monday, August 24th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

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    General Advice Only
    ************************************************
    In this morning s wrap

    DOW: up 1.7% (2.1% for Week)
    Bernanke Sees Recession Ending;
    US Deficit to Hit $1.58Trillion;

    NASDAQ: up 1.6% (up 1.8% for Week)
    Recession Stabilising

    FTSE: up 2% (up 3.1% for Week)
    Breakout Above Key Level
    DAX up 2.9% & CAC up 3.1%

    NIKKEI: down 3.5% (1.4% for Week)
    JPY: Elections Ahead
    Hang Seng down 0.7% (down 3.4% for Week);

    CHINA: up 1.7% (down 2.8% for Week)
    Sinopec: 1H09 Profits up 3 Fold; Asia s #1 Refiner;
    Volatility Increasing; Off Lows

    Oil: up 1.% ($74) (up 9.4% for Week)
    Recovering

    Gold: up 1.4% ($953) (up 0.7% for Week)
    Commodities Higher;
    USD Flat

    SPI: Critical Level(s): 4250 to 4450
    SPI up 69 (1.6%) (-1.9% for Week) Reporting Continues

    ASX News

    TAH TTS tie up P/E 12 vs 6 for TAH

    Reports:
    M: AEO, CGF, FXJ (Ad Rev), WOR;Tu: ALL, FLT, MGR, FUN, OSH (LNG PNG), FGL (Wine);
    W: CMJ (Divy?), GFF, SEV (CMJ stake), TCL;
    Th: WOW (Strong), TOL (2H09 down), TTS (Strong), CWN (Rev?), GNS (??), VBA (startup VAustralia)
    F: CTX, HVN NRT, SHL

    Materials & Energy stocks to recover
    Banks to may be flat
    ASX to open higher
    US & UK Breakouts

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    Tuesday, 11th August 2009 Morning Wrap

    Tuesday, August 11th, 2009

    Presented by Michael Hevern
    MDSFinancial

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    or

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    General Advice Only
    ************************************************
    In this morning s wrap

    DOW: down 0.3%
    Retailers Downgraded

    NASDAQ: down 0.4%
    Takes A Breather

    FTSE: down 0.2%
    Banks Need More Money
    DAX down 0.8% & CAC down 0.5%

    NIKKEI: up 1.1% (10 Month Highs)
    JPY: Earthquake; Autos Rise
    Hang Seng up 2.7%;

    CHINA: down 0.6%
    Volatility increasing
    Double Top Forming?

    Oil: flat ($71)
    Losing Momentum

    Gold: down 0.8% ($946)
    Commodities Lower ;
    USD Higher

    SPI: Critical Level(s): 4150 to 4350
    SPI flat

    ASX News

    BEN FY09 profit down 24%; to raise $300m (@ $6.75 (17% disc))
    CRG FY profit down 28%; Divy cut by 11%; gloomy outlook
    PMV FY EPS upgraded on 2H09 -Just Group Sales +4%; EBITDA down 10%
    BTA Next-G flu drug, final stage Asian trials
    JBH beats forecasts
    WDC may raise $3bn, reports this month
    Reports: T: COU, COH, PRY, PMP, JBH; W: CBA, BHP, SGP, CPU
    Th: CCL (;H), MAP (1H), TLS, SGT (1Q), F: LEI
    Materials & Energy stocks to see further profit taking
    Banks to see profit taking
    ASX to open lower
    US & UK pause

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    Thursday, 6th August 2009 Morning Wrap

    Thursday, August 6th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

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    General Advice Only
    ************************************************
    In this morning s wrap

    DOW: down 0.4%
    S&P500 Holds 1000 (Nov 08);
    Data Less Bad

    NASDAQ: down 0.9%
    CISCO beats EPS 0.31 cps (vs 0.29f); Rev & Sales Down 17%
    Guidance Guarded

    FTSE: down 0.5%
    Energy Down
    DAX down 1.2% & CAC down 0.5%

    NIKKEI: down 1.2%
    JPY: Honda to Raise Prod n; Autos Down; Biggest Fall in 2 Weeks

    Hang Seng down 1.5%
    CHINA: down 1.3%

    Oil: down 0.2% ($71)
    Economy Stabilising;
    Rising Demand?

    Gold: down 0.5% ($963)
    Commodities Higher;
    USD Lower

    SPI: Critical Level(s): 4150 to 4350
    SPI up 3 (0.1%)

    ASX News

    NWS FY09 Loss $US3.4bn (vs profit $US5.4bn) on falling ads; Op Income -32%; poised for recovery
    DJS Q_Sales up 0.6%;L4L Sales down 1.2%;FY 8-12% Guide;FY10 0%
    AXA 1H09 profit down 13%; EPS Aus -47%,HongKong +32%;FUM -10%
    HIL to raise $50m
    Ten $138M capital raising [instos] (@$1.15), confirms guidance
    QAN trans-Pac route competition to end in tears: Delta, V-Australia; Mergers unlikely
    Reports: Th: NWS (Q4), AWC, BKN (FY), TAH (FY), HIL (FY); F: WAN & RMD (FY) US Non Farm
    Materials & Energy stocks to see profit taking
    Banks to see profit taking
    ASX to open flat
    US & UK pause Non Farms Payrolls Friday

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    Tuesday, 21st July 2009 Morning Wrap

    Tuesday, July 21st, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

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    General Advice Only
    ************************************************
    In this morning s wrap

    DOW: up 1.2%
    Data Suggesting Unemployment May be Lower;
    SP500 8 Month Highs

    NASDAQ: up 1.2%
    Texas Instrum: Profits down 58%; Sales down;
    Intel to Sell Debt for $US1.5bn Buyback

    FTSE: up 1.3%
    Miners lead;
    DAX up 1.1% & CAC up 1.6%

    NIKKEI: 1.2%
    MSCI AsiaPac xJapan added 3% Highest since Sep08
    Hang Seng up 3.7%

    Oil: up 0.7% ($64)
    Recovery Optimism Grows

    Gold: 1.3% ($950) 5 Week Highs
    Commodities Higher;
    USD Lower

    SPI: Critical Level(s): 3850 to 4050
    SPI up 40 (1.1%)

    ASX News
    KAR drilling started yesterday
    CSR Fitch downgrades credit rating
    VBA seeking Middle Eastern cornerstone investor
    BCI nearology pays JV with FMG closer
    DIO may have Canadian Suitor vs hostile Avoca
    RBA meeting minutes
    Reports: T: HVN, OZL, OSH; W: WOW,BHP,AIO; Thu: PSA, STO; Fri: WPL, SGT
    Materials & Energy stocks to lead
    Banks to continue
    ASX to open higher again
    US & UK positive leads

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    Friday 17th July 2009 Morning Wrap

    Friday, July 17th, 2009

    MDSFinancial Morning Wrap
    17th July 2009
    Presented by James Gerrish

    General Advice Only **********************************************

    In this morning s wrap
    DOW: up 1.11%
    Roubini; economic optimism
    JP Morgan beat the street

    NASDAQ: up 1.19%
    Google; better profit/ lower revenue growth
    IBM; upgraded full year forcast

    FTSE: up 0.35%
    Banks Upbeat
    DAX up 58% & CAC up 79%

    Oil: up 0.40% ($62.25)
    Buoyed by optimism of recovery

    Gold: down 0.4% ($935)
    Predicting a bounce in US dollar;

    SPI: Critical Level(s): 4090
    SPI up 31 points
    Set for More Gains

    ASX News
    Banks Face $1.8 tax liability
    CMJ To exit S&P/ASX 100 Index
    MIG Cuts asset values
    Materials & Energy stocks to continue
    ASX to open higher
    US & UK positive leads

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    Wednesday, 8th July 2009 Morning Wrap

    Wednesday, July 8th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

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    General Advice Only
    ************************************************
    In this morning s wrap

    DOW: down 1.9%
    SP500 Corporate Earnings to Fall by 36%

    NASDAQ: down 2.3%
    Merrill: Likes Chipmakers for Cyclical Rebound

    FTSE: Down 0.2% (10 Week Lows)
    Factory Production Declines 0.5% (1st in 3 Months)
    DAX down 1.2% & CAC down 1.1%

    NIKKEI: down 0.3%
    Japan: BoJ Needs to Supply Further Emergency Funding
    Hang Seng down 0.7%

    Oil: Down 1.8% ($62)
    CFTC: Tighter Controls Over Speculators;
    Possible Double Top

    Gold: up 0.4% ($928)
    Commodities Lower;
    USD Higher

    SPI down 62 (1.7%)
    SPI: Critical Level(s): 3850 to 3600

    ASX News

    RBA leaves rates on hold
    Jobs – reports this week expect 5.9% unemployment (vs 5.6% previously)
    RIO missing 4 negotiators in China
    ABB cuts 2009f profits by 32% ($10m)
    AMC close finalising $1.2bn capital raising
    OSH/STO Korea Gas (World #1 LNG buyer) & Mitsubishi Corp to jointly buy stakes in LNG plants (Australia/Canada)
    Materials & Energy stocks to weigh;
    Banks to weigh
    ASX to open lower;
    US & UK negative lead;

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    Wednesday, 27th May 2009 Morning Wrap

    Wednesday, May 27th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

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    General Advice Only

    *************************************************
    In this morning s wrap

    DOW: up 2.4%
    May Consumer Confidence 8 month high (55 vs 42);
    Bulls Resume;

    NASDAQ: up 3.5%
    Russian Buy 2% of Facebook ($US200m)
    (Mkt Cap now $US10bn vs $US15bn in 2007);

    FTSE: up 1.1%
    Retailers & Miners Bounce;
    DAX up 1.4% & CAC up 1.0%

    NIKKEI: down 0.4%
    Steelmakers Agrees to 33% Cut in Iron ore Prices
    Hang Seng down 0.8%

    Oil: up 0.5% ($63)
    Profit Taking

    Gold: down 0.5% ($953)
    Commodities Mixed;
    USD Lower (4 month Lows)

    SPI up 65 (1.7%)
    SPI: Critical Level(s): 3850 to 3600
    Positive Overseas

    ASX News
    ANZ capital raising?
    RIO Locks in iron ore prices(had to cut by 33%)
    SUN NSW/Qld storm costs >$70m allowance
    PPT Annual Op. Profit to slump 55%
    Golds to see profit taking
    Materials, Financials and Energy to recover
    ASX to open higher; US & UK bulls

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    Tuesday 24th March 2009 MDS Morning Wrap

    Tuesday, March 24th, 2009

    Presented by Michael Hevern
    MDS Financial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (908Kb).

    General Advice Only

    *************************************************
    In this morning s wrap

    DOW: up 6.8% – Breakout?
    Fed Spending $1 Trillion on Toxic Assets;
    S&P500 biggest 10 day move since 1938

    NASDAQ: up 6.7%
    Still Outperforms
    FTSE: up 2.8% – Breakout?
    Financials Lead;
    DAX up 3.6% & CAC up 2.6%

    NIKKEI: up 3.4%
    Economy Needs 1 Trillion Yen Injection;
    Hang Seng up 4.8%

    Oil: up 3.3% – Above $53
    PPIPs $1T to Stimulate
    World economies

    Gold: down 1.5% ($937)
    Commodities Up
    USD down

    SPI: Critical Levels: 3640 & 3440
    SPI up 88;
    ASX200 Above Resistance

    ASX News
    * Resources to run look to big miners
    * Look to Golds to pullback
    * Energy to lead
    * Financials to continue
    * ASX to open up US $1T – Fed (PPIP) Public Private Investment Program

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    Monday 2nd March 2009 MDS Morning Wrap

    Monday, March 2nd, 2009

    Presented by Michael Hevern
    MDS Financial

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    or

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    ***************************************************

    In this morning’s wrap…

    DOW: down 1.7% (Feb. down 12%)
    Falls lead by financials:
    Citi Bailout No. 3 (down 39%)
    Bank of America (down 26%) – needs $US100bn in next 100 days Morgan Stanley down 8% Goldmans down 1%

    $US11tr in Bailouts so far

    ADRs: BHP 2%; RIO -3%;
    ANZ 0.4%; NAB -0.2%
    Commodities Index -0.8%
    Gold Index Flat
    Oil Stocks Index -2.0%

    NASDAQ: down 1%
    IBM up 4% (EPS OK & Buyback);
    Microsoft -1.6%; Cisco up 0.6%

    FTSE: down 2.2% (Feb. down 10%)
    Lloyds down 22% ($US15bn 08 Loss);
    DAX & CAC down on EU Bank Crisis

    NIKKEI: up 1.5% – Below 7900
    Jan. Industrial Prod. down 10%; House Spend down 6%; Yen Weakens (3mo Lows);

    Oil: down 2% – But Up 12% for week (Feb. up 7%) US Inventories Down; Trading the Range

    Gold: flat ($942) (Feb. down 1.4%)
    Profit Taking
    USD up

    SPI: Critical Levels 3420 + 3220
    SPI down 40;
    Testing of November Lows

    ASX News

    • OZL FY08 loss $2.5bn; $1.1bn debt refinanced till 31st March
    • FXJ – $684m raising (3 for 5 rights @75c)
    • WOW 1H09 profit up 10%; EPS (4yr lows)
    • MQG Loses $1bn in Mktcap; at 10yr lows
    • TCL Loss $52m; EPS down 18%; $150m loans
    • ASX to open weaker US worst Feb since 1930s

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