Stocks on the move
Real-time Equity news
U.S. stock market report
1730 ET 17Aug2009-AFTER THE BELL
Agilent rises after quarterly results
Shares of Agilent Technologies rose 2.9 percent to $24.25 after the closing bell on Monday after the company reported third-quarter results.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1710 ET 17Aug2009
Earnings diary for Aug 18
The day's earnings calendar includes quarterly results from Home Depot Inc and Target Corp.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1701 ET 17Aug2009
Economic diary for Aug 18
The day's economic agenda includes the Commerce Department's housing starts and permits for July at 8:30 a.m. (1230 GMT), the Labor Department's July Producer Price Index, also at 8:30 a.m. (1230 GMT).
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1655 ET 17Aug2009-US STOCKS
Wall St sinks as recovery hopes hurt
U.S. stocks suffered their worst loss in seven weeks on Monday as weak data from Japan and a disappointing outlook from retailer Lowe's Cos dampened hopes about the economy's growth.
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Reuters Messaging: caroline.valetkevitch.reuters.com@reuters.net
1540 ET 17Aug2009-Expect leadership in higher quality stocks
Doll
'The resilience that stocks showed last week in the face of some disappointing economic news is impressive, but absent a sustained economic recovery, it will be difficult for equity markets to continue to move higher,' Bob Doll, global chief investment officer of equities at BlackRock, wrote in a research note.
'We believe that the broader trend for stocks will continue to be up, but we do expect to see continued volatility and occasional setbacks. Looking ahead, we also expect that leadership in the equity markets will rotate away from the lower quality, more cyclical areas of the market and into higher quality names as the markets begin to price in an economic recovery,' Doll wrote.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1530 ET 17Aug2009
Wall Street tumbles as recovery hopes dented
U.S. stocks fell on Monday, putting major indexes on track for their worst day in seven weeks, as weak data from Japan and a disappointing outlook from retailer Lowe's Cos dampened hopes about the economy's growth.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1515 ET 17Aug2009-Stocks rebound shows typical recovery
analyst
The stock market rebound is already reflecting a typical economic recovery, Tobias Levkovich, chief U.S. equity strategist at Citigroup wrote in a research note.
Going back to 1929, the average stock market appreciation one year after recession troughs is roughly 40 percent, according to Levkovich.
With the S&P 500 gaining as much as 50 percent since the March 12-year lows, the index's gains are 'already well ahead of that performance in half the time,' wrote Levkovich.
'Indeed, the only market surge to meaningfully surpass the current move was the 1933 bounce which came on the heels of an 86 percent decline in share prices from the 1929 high. Thus, we suspect that a similar market explosion to the upside seems very unlikely,' Levkovich wrote.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1441 ET 17Aug2009-U.S. crude stockpiles seen rising on imports
poll
U.S. crude oil supplies last week rose for the fourth consecutive week, with higher imports likely offsetting a slight rise in refinery activity, a preliminary Reuters poll of analysts showed on Monday, ahead of industry and government inventory reports.
Crude stocks rose 1.0 million barrels in the week to Aug. 14, the average forecast showed from eight analysts polled.
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September crude futures fell 1.4 percent to $66.58 per barrel on Monday.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1222 ET 17Aug2009
NYSE Euronext sees encouraging IPO market in 2010
NYSE Euronext Inc sees encouraging signs for initial public offerings in 2010 as investors venture back into stocks, top executives at the company said on Monday.
The company expects to have 20 IPOs by the end of year, up from the 15 so far in 2009, and sees continued demand for new offerings next year, said Scott Cutler, the head of listings at NYSE Euronext.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Real-time Equity news
U.S. stock market report
1730 ET 17Aug2009-AFTER THE BELL
Agilent rises after quarterly results
Shares of Agilent Technologies rose 2.9 percent to $24.25 after the closing bell on Monday after the company reported third-quarter results.
For details, see
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1710 ET 17Aug2009
Earnings diary for Aug 18
The day's earnings calendar includes quarterly results from Home Depot Inc and Target Corp.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1701 ET 17Aug2009
Economic diary for Aug 18
The day's economic agenda includes the Commerce Department's housing starts and permits for July at 8:30 a.m. (1230 GMT), the Labor Department's July Producer Price Index, also at 8:30 a.m. (1230 GMT).
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1655 ET 17Aug2009-US STOCKS
Wall St sinks as recovery hopes hurt
U.S. stocks suffered their worst loss in seven weeks on Monday as weak data from Japan and a disappointing outlook from retailer Lowe's Cos dampened hopes about the economy's growth.
For more please double click
Reuters Messaging: caroline.valetkevitch.reuters.com@reuters.net
1540 ET 17Aug2009-Expect leadership in higher quality stocks
Doll
'The resilience that stocks showed last week in the face of some disappointing economic news is impressive, but absent a sustained economic recovery, it will be difficult for equity markets to continue to move higher,' Bob Doll, global chief investment officer of equities at BlackRock, wrote in a research note.
'We believe that the broader trend for stocks will continue to be up, but we do expect to see continued volatility and occasional setbacks. Looking ahead, we also expect that leadership in the equity markets will rotate away from the lower quality, more cyclical areas of the market and into higher quality names as the markets begin to price in an economic recovery,' Doll wrote.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1530 ET 17Aug2009
Wall Street tumbles as recovery hopes dented
U.S. stocks fell on Monday, putting major indexes on track for their worst day in seven weeks, as weak data from Japan and a disappointing outlook from retailer Lowe's Cos dampened hopes about the economy's growth.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1515 ET 17Aug2009-Stocks rebound shows typical recovery
analyst
The stock market rebound is already reflecting a typical economic recovery, Tobias Levkovich, chief U.S. equity strategist at Citigroup wrote in a research note.
Going back to 1929, the average stock market appreciation one year after recession troughs is roughly 40 percent, according to Levkovich.
With the S&P 500 gaining as much as 50 percent since the March 12-year lows, the index's gains are 'already well ahead of that performance in half the time,' wrote Levkovich.
'Indeed, the only market surge to meaningfully surpass the current move was the 1933 bounce which came on the heels of an 86 percent decline in share prices from the 1929 high. Thus, we suspect that a similar market explosion to the upside seems very unlikely,' Levkovich wrote.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1441 ET 17Aug2009-U.S. crude stockpiles seen rising on imports
poll
U.S. crude oil supplies last week rose for the fourth consecutive week, with higher imports likely offsetting a slight rise in refinery activity, a preliminary Reuters poll of analysts showed on Monday, ahead of industry and government inventory reports.
Crude stocks rose 1.0 million barrels in the week to Aug. 14, the average forecast showed from eight analysts polled.
For details, see
September crude futures fell 1.4 percent to $66.58 per barrel on Monday.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1222 ET 17Aug2009
NYSE Euronext sees encouraging IPO market in 2010
NYSE Euronext Inc sees encouraging signs for initial public offerings in 2010 as investors venture back into stocks, top executives at the company said on Monday.
The company expects to have 20 IPOs by the end of year, up from the 15 so far in 2009, and sees continued demand for new offerings next year, said Scott Cutler, the head of listings at NYSE Euronext.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.