Stocks on the move
Real-time Equity news
U.S. stock market report
1815 ET 30Oct2009
Wall St tumbles on recovery jitters, financials
The Dow industrials suffered its worst slide since July on Friday on concerns that the economic recovery won't be robust enough to sustain the seven-month stock rally, while financials sank on renewed worries about Citigroup's balance sheet.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1811 ET 30Oct2009-S&P earnings improve more in latest week
Thomson Reuters
Estimates for U.S. third-quarter earnings for Standard & Poor's 500 companies improved further in the latest week, according to Thomson Reuters.
Earnings now are expected to decline 17.5 percent from a year ago, its data showed. Last week, they were estimated to be down 18.2 percent. The estimates combine both actual earnings numbers for companies that have reports and estimates for companies yet to report.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1452 ET 30Oct2009
Dow transportation index now in a correction
The Dow Jones transportation index on Friday crossed into territory that market technicians regard as signifying the onset of a correction.
The index was down nearly 11 percent in Friday's trading from its post-March peak reached on Oct. 20.
The latest development is significant since the index is considered a barometer of the stock market's underlying trend, according to Dow theorists.
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Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1307 ET 30Oct2009 Volatility index soars as stock extend losses
With U.S. equity prices in a freefall, Wall Street's favorite barometer of investor sentiment, the so-called VIX, screamed higher suggesting greater uncertainty heading into November, said Andrew Wilkinson, market analyst at Interactive Brokers Group. The CBOE Volatility index stood at 29.40, up more than 18 percent, its sharpest daily percentage gain since January. The VIX is a
30
day risk forecast priced off of S&P 500 index options and rises sharply when investors bid up options to protect their portfolios.
In volatility products, one investor sold 10,000 December 25 VIX puts and bought half as many November 25 and January 25 VIX puts in a so-called monthly butterfly spread, said Dan Deming, a VIX options trader at Stutland Equities.
'This suggests that the investor is rolling his risk from one month to another and possibly expects more volatile levels in the coming months,' he said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1138 ET 30Oct2009 Option investors pick up AgFeed call options
A number of option investors appear to be optimistic about the prospects of AgFeed Industries Inc as they picked up call options in the China-based hog and feed producer.
Its shares were steady at $4.68 but in the options market, call volume swelled. About 11,000 call contracts traded, 18 times the average daily turnover and nearly four times the number of puts, according to Trade Alert. One investor sold 3,000 May $5 puts at $1.43 to buy 9,000 May $7.50 calls at 45 cents in what looked like an opening transaction, said WhatsTrading.com option strategist Frederic Ruffy. He also noted apparent buying interest in the February $7.50, November $5 and May $10 calls. It was not immediately clear what drove the heavy call action. But it followed news on Thursday that China may soon lift its ban on U.S. pork.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1126 ET 30Oct2009
Semis head for 3rd straight weekly drop
The semiconductor index was on track for its third straight weekly decline on Friday, a slide that underscores the recent breakdown in some of the sectors that led the U.S. stock market run-up from the 12-year lows of early March.
The 3-week slide will cap the longest weekly losing streak for the semiconductor index since January, according to Thomson Reuters chart data.
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1105 ET 30Oct2009 Option bulls eye Cooper Tire ahead earns
Option investors turned optimistic in Cooper Tire & Rubber Co heading into its quarterly results due on Monday as its shares edged up 23 cents to $15.68 in morning trade.
Option volume was 13 times the average daily turnover with 4,280 calls and only 62 puts traded. Directional sentiment based on order flow was 66 percent bullish, Trade Alert data show. The flow was concentrated in the out-of-the-money front-month November $17.50 call strike, where buyers paid premiums of 40 to 50 cents a piece, said Trade Alert president Henry Schwartz. In all 3,787 contracts traded in that strike against open interest of 679 lots, according to Reuters data.
Reuters Messaging: doris.frankel.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
1815 ET 30Oct2009
Wall St tumbles on recovery jitters, financials
The Dow industrials suffered its worst slide since July on Friday on concerns that the economic recovery won't be robust enough to sustain the seven-month stock rally, while financials sank on renewed worries about Citigroup's balance sheet.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1811 ET 30Oct2009-S&P earnings improve more in latest week
Thomson Reuters
Estimates for U.S. third-quarter earnings for Standard & Poor's 500 companies improved further in the latest week, according to Thomson Reuters.
Earnings now are expected to decline 17.5 percent from a year ago, its data showed. Last week, they were estimated to be down 18.2 percent. The estimates combine both actual earnings numbers for companies that have reports and estimates for companies yet to report.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1452 ET 30Oct2009
Dow transportation index now in a correction
The Dow Jones transportation index on Friday crossed into territory that market technicians regard as signifying the onset of a correction.
The index was down nearly 11 percent in Friday's trading from its post-March peak reached on Oct. 20.
The latest development is significant since the index is considered a barometer of the stock market's underlying trend, according to Dow theorists.
For more please double click
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1307 ET 30Oct2009 Volatility index soars as stock extend losses
With U.S. equity prices in a freefall, Wall Street's favorite barometer of investor sentiment, the so-called VIX, screamed higher suggesting greater uncertainty heading into November, said Andrew Wilkinson, market analyst at Interactive Brokers Group. The CBOE Volatility index stood at 29.40, up more than 18 percent, its sharpest daily percentage gain since January. The VIX is a
30
day risk forecast priced off of S&P 500 index options and rises sharply when investors bid up options to protect their portfolios.
In volatility products, one investor sold 10,000 December 25 VIX puts and bought half as many November 25 and January 25 VIX puts in a so-called monthly butterfly spread, said Dan Deming, a VIX options trader at Stutland Equities.
'This suggests that the investor is rolling his risk from one month to another and possibly expects more volatile levels in the coming months,' he said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1138 ET 30Oct2009 Option investors pick up AgFeed call options
A number of option investors appear to be optimistic about the prospects of AgFeed Industries Inc as they picked up call options in the China-based hog and feed producer.
Its shares were steady at $4.68 but in the options market, call volume swelled. About 11,000 call contracts traded, 18 times the average daily turnover and nearly four times the number of puts, according to Trade Alert. One investor sold 3,000 May $5 puts at $1.43 to buy 9,000 May $7.50 calls at 45 cents in what looked like an opening transaction, said WhatsTrading.com option strategist Frederic Ruffy. He also noted apparent buying interest in the February $7.50, November $5 and May $10 calls. It was not immediately clear what drove the heavy call action. But it followed news on Thursday that China may soon lift its ban on U.S. pork.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1126 ET 30Oct2009
Semis head for 3rd straight weekly drop
The semiconductor index was on track for its third straight weekly decline on Friday, a slide that underscores the recent breakdown in some of the sectors that led the U.S. stock market run-up from the 12-year lows of early March.
The 3-week slide will cap the longest weekly losing streak for the semiconductor index since January, according to Thomson Reuters chart data.
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1105 ET 30Oct2009 Option bulls eye Cooper Tire ahead earns
Option investors turned optimistic in Cooper Tire & Rubber Co heading into its quarterly results due on Monday as its shares edged up 23 cents to $15.68 in morning trade.
Option volume was 13 times the average daily turnover with 4,280 calls and only 62 puts traded. Directional sentiment based on order flow was 66 percent bullish, Trade Alert data show. The flow was concentrated in the out-of-the-money front-month November $17.50 call strike, where buyers paid premiums of 40 to 50 cents a piece, said Trade Alert president Henry Schwartz. In all 3,787 contracts traded in that strike against open interest of 679 lots, according to Reuters data.
Reuters Messaging: doris.frankel.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.