Stocks on the move
Real-time equity news
U.S. stock market report
1730 ET 22April2010
Earnings diary for April 23
Quarterly reports on tap for Friday include Dow component Travelers, Honeywell, Ingersoll-Rand, Schlumberger and Xerox.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1720 ET 22April2010
Amazon, Microsoft fall after earnings
Shares of Amazon.com Inc tumbled more than 6 percent after the world's largest online retailer forecast revenue and earnings that disappointed Wall Street.
Also after the closing bell, Microsoft Corp reported a jump in quarterly profit as it was boosted by sales of Windows 7, but its shares fell nearly 4 percent as investors were underwhelmed by the results.
Amazon lost 6.7 percent to $140.00, while Microsoft was down 3.8 percent at $30.21.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1708 ET 22April2010
Option traders eye several homebuilders
U.S. homebuilder Lennar Corp shares rose 6.6 percent to $19.74 and with shares up nearly 16 percent on the week, some option players might be looking to protect recent gains, said WhatsTrading.com option strategist Frederic Ruffy. During the session, more than 20,200 May $16 puts traded and the May $17 and $18 puts drew interest as well. In all, about 26,000 puts and 10,000 calls traded and implied volatility came off 52-week lows, up 5 percent to 42. Elsewhere Beazer Homes USA Inc's options were active following interest in the May and June $7.50 calls on Wednesday. Its shares rose 6.9 percent and volume was 11 times the average daily turnover with about 13,000 calls and 4,076 puts traded. The top trades appeared to be bullish November $5-$7.50 risk reversal, Ruffy said. The May $7.50 calls were also active ahead of the May 4 earnings.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1642 ET 22April10
Wall Street rises on Starbucks, consumer optimism
U.S. stocks staged a late-day comeback on Thursday as another steady drumbeat of strong quarterly profits from consumer bellwethers like Starbucks Corp outweighed worries about Greece's finances.
First-quarter earnings are on track to set a record for the percentage of companies beating estimates. Eighty-five percent of the 98 S&P 500 companies that have reported so far have beaten estimates, well above the 61 percent in a typical quarter, according to Thomson Reuters.
Illustrating the revival of consumer spending, coffee purveyor Starbucks and SanDisk Corp, which makes flash memory for mobile phones, digital cameras and other gadgets, both posted results that beat estimates.
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Reuters Messaging: ellis.mnyandu.reuters.com@reuters.net
1514 ET 22April2010-First
qtr earnings estimates rising; now seen up 46.4 pct
First-quarter earnings estimates are rising as more companies report results, according to Thomson Reuters data. With 98 S&P 500 companies reporting results so far, earnings for the quarter are now seen up 46.4 percent from a year ago. At the start of the month, estimates were for earnings to increase 36.6 percent for the quarter.
Reuters Messaging: caroline.valetkevitch.reuters.com@reuters.net
1514 ET 22April2010-Amazon gets bearish three
way option trade
Amazon.com Inc shares rose 2.49 percent to $150.02 heading into the online retailer's earnings announcement after the bell. Option players have employed various strategies in the puts and calls. Participants this afternoon noticed an apparent bearish three-way trade was initiated. An investor appeared to have bought the May $135-$145 put spread and sold the May $165 calls at an 81-cent debit, said WhatsTrading.com option strategist Frederic Ruffy. The trade took place 2,500 times at the CBOE, said Josh Belanger, a founder of Web information site OptionSIZZLE. 'While open interest is sufficient to cover, it seems likely that this is an opening trade and bearish bet or a hedge ahead of the news,' Ruffy said. Belanger also noted a $170/$180 call spread was bought
2,400 times at an 84
cent debit.
Reuters Messaging: doris.frankel.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. 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 22April2010
Earnings diary for April 23
Quarterly reports on tap for Friday include Dow component Travelers, Honeywell, Ingersoll-Rand, Schlumberger and Xerox.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1720 ET 22April2010
Amazon, Microsoft fall after earnings
Shares of Amazon.com Inc tumbled more than 6 percent after the world's largest online retailer forecast revenue and earnings that disappointed Wall Street.
Also after the closing bell, Microsoft Corp reported a jump in quarterly profit as it was boosted by sales of Windows 7, but its shares fell nearly 4 percent as investors were underwhelmed by the results.
Amazon lost 6.7 percent to $140.00, while Microsoft was down 3.8 percent at $30.21.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1708 ET 22April2010
Option traders eye several homebuilders
U.S. homebuilder Lennar Corp shares rose 6.6 percent to $19.74 and with shares up nearly 16 percent on the week, some option players might be looking to protect recent gains, said WhatsTrading.com option strategist Frederic Ruffy. During the session, more than 20,200 May $16 puts traded and the May $17 and $18 puts drew interest as well. In all, about 26,000 puts and 10,000 calls traded and implied volatility came off 52-week lows, up 5 percent to 42. Elsewhere Beazer Homes USA Inc's options were active following interest in the May and June $7.50 calls on Wednesday. Its shares rose 6.9 percent and volume was 11 times the average daily turnover with about 13,000 calls and 4,076 puts traded. The top trades appeared to be bullish November $5-$7.50 risk reversal, Ruffy said. The May $7.50 calls were also active ahead of the May 4 earnings.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1642 ET 22April10
Wall Street rises on Starbucks, consumer optimism
U.S. stocks staged a late-day comeback on Thursday as another steady drumbeat of strong quarterly profits from consumer bellwethers like Starbucks Corp outweighed worries about Greece's finances.
First-quarter earnings are on track to set a record for the percentage of companies beating estimates. Eighty-five percent of the 98 S&P 500 companies that have reported so far have beaten estimates, well above the 61 percent in a typical quarter, according to Thomson Reuters.
Illustrating the revival of consumer spending, coffee purveyor Starbucks and SanDisk Corp, which makes flash memory for mobile phones, digital cameras and other gadgets, both posted results that beat estimates.
For more please double click
Reuters Messaging: ellis.mnyandu.reuters.com@reuters.net
1514 ET 22April2010-First
qtr earnings estimates rising; now seen up 46.4 pct
First-quarter earnings estimates are rising as more companies report results, according to Thomson Reuters data. With 98 S&P 500 companies reporting results so far, earnings for the quarter are now seen up 46.4 percent from a year ago. At the start of the month, estimates were for earnings to increase 36.6 percent for the quarter.
Reuters Messaging: caroline.valetkevitch.reuters.com@reuters.net
1514 ET 22April2010-Amazon gets bearish three
way option trade
Amazon.com Inc shares rose 2.49 percent to $150.02 heading into the online retailer's earnings announcement after the bell. Option players have employed various strategies in the puts and calls. Participants this afternoon noticed an apparent bearish three-way trade was initiated. An investor appeared to have bought the May $135-$145 put spread and sold the May $165 calls at an 81-cent debit, said WhatsTrading.com option strategist Frederic Ruffy. The trade took place 2,500 times at the CBOE, said Josh Belanger, a founder of Web information site OptionSIZZLE. 'While open interest is sufficient to cover, it seems likely that this is an opening trade and bearish bet or a hedge ahead of the news,' Ruffy said. Belanger also noted a $170/$180 call spread was bought
2,400 times at an 84
cent debit.
Reuters Messaging: doris.frankel.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. 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.