Stocks on the move
Real-time equity news
U.S. stock market report
1725 ET 27April2010
Earnings diary for April 28
Companies reporting quarterly results on Wednesday include Sprint Nextel Corp, Dow Chemical Co, WellPoint Inc, Visa Inc, Goodyear Tire & Rubber Co, Comcast Corp and Corning.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1710 ET 27April2010
A positive day for the S&P the next day?
The S&P 500 saw its worst day in nearly three months, but that doesn't mean the index will see follow-through to the downside on Wednesday, according to Birinyi Associates Inc.
'There have been 18 days, since the beginning of the bull market, that the S&P 500 has closed down more than 2 percent. On average, the S&P 500 gains 30 basis points the next trading day and is positive 71 percent of the time,' wrote Birinyi.
'Looking at the intra-day trading patterns, the best opportunity for gains, on average, has been a 35 basis point-rally from 2:00 pm to close.'
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1655 ET 27April2010
Wall St sinks after Greece, Portugal downgrades
Stocks tumbled as downgrades of Greece and Portugal fueled fear about euro-zone economic stability, and a grilling of Goldman Sachs on Capitol Hill heightened the possibility of financial reform.
Stocks posted their worst day in nearly three months and the CBOE Vix volatility index, Wall Street's barometer of investor fear, jumped about
31 percent, its biggest one
day move since October 2008.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1600 ET 27April2010
US confidence up, home prices rise on annual basis
U.S. consumer confidence firmed to a 1-1/2-year high in April, while house prices rose in February on an annual basis for the first time in more than three years, in fresh signs of a strengthening economy.
The increasing confidence was driven by growing optimism about the labor market, according to a U.S. Conference Board report released on Tuesday, and was the highest since the collapse of investment bank Lehman Brothers in September 2008.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1526 ET 27April2010
Options investors snap up Adminstaff call options
Shares of Administaff Inc, a provider of human resources services, fell 2.9 percent to $22.41, but in the options market, traders snapped up call options on the underlying stock. By late afternoon, 5,778 call options traded, about 84 times the recent average daily turnover, according to Trade alert. During the session, the top trade was 1,100 contracts of May $25 calls at the 45 cent asking price, said said WhatsTrading.com option strategist Frederic Ruffy. The strike attracted volume of 4,760 contracts vs. 492 in open interest. Implied volatility is rallying, up about 27 percent to 52, he said.
Reuters Messaging: angela.moon.reuters.com@reuters.net
1400 ET 27April2010-US factory revenue to grow by 6.3 pct in 2010
ISM
The U.S. manufacturing and services sectors should continue to grow through 2010, with manufacturing revenue forecast to jump by 6.3 percent, the Institute for Supply Management said in its semiannual economic forecast released on Tuesday.
Revenue in the non-manufacturing sector is expected to rise by 0.3 percent in 2010, ISM said in a statement.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1222 ET 27April2010
Vale call options draw attention
U.S-listed shares of Vale shed 5.1 percent to $30.69. In options market, June $30 calls on the underlying stock were the one of the most actively traded for a second day, said Frederic Ruffy, option strategist at WhatsTrading.com. Ruffy said, 'Looks like a second day of liquidations in the contract, with most of the trades at $2.55 and $2.57 per contract,' Ruffy said. He added that the open interest in the contract declined by 24,300 to 38,400 after more than 25,000 June $30 calls traded on Monday. Implied volatility in the underlying stock was up about 3 percent to 36.
Reuters Messaging: angela.moon.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
1725 ET 27April2010
Earnings diary for April 28
Companies reporting quarterly results on Wednesday include Sprint Nextel Corp, Dow Chemical Co, WellPoint Inc, Visa Inc, Goodyear Tire & Rubber Co, Comcast Corp and Corning.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1710 ET 27April2010
A positive day for the S&P the next day?
The S&P 500 saw its worst day in nearly three months, but that doesn't mean the index will see follow-through to the downside on Wednesday, according to Birinyi Associates Inc.
'There have been 18 days, since the beginning of the bull market, that the S&P 500 has closed down more than 2 percent. On average, the S&P 500 gains 30 basis points the next trading day and is positive 71 percent of the time,' wrote Birinyi.
'Looking at the intra-day trading patterns, the best opportunity for gains, on average, has been a 35 basis point-rally from 2:00 pm to close.'
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1655 ET 27April2010
Wall St sinks after Greece, Portugal downgrades
Stocks tumbled as downgrades of Greece and Portugal fueled fear about euro-zone economic stability, and a grilling of Goldman Sachs on Capitol Hill heightened the possibility of financial reform.
Stocks posted their worst day in nearly three months and the CBOE Vix volatility index, Wall Street's barometer of investor fear, jumped about
31 percent, its biggest one
day move since October 2008.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1600 ET 27April2010
US confidence up, home prices rise on annual basis
U.S. consumer confidence firmed to a 1-1/2-year high in April, while house prices rose in February on an annual basis for the first time in more than three years, in fresh signs of a strengthening economy.
The increasing confidence was driven by growing optimism about the labor market, according to a U.S. Conference Board report released on Tuesday, and was the highest since the collapse of investment bank Lehman Brothers in September 2008.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1526 ET 27April2010
Options investors snap up Adminstaff call options
Shares of Administaff Inc, a provider of human resources services, fell 2.9 percent to $22.41, but in the options market, traders snapped up call options on the underlying stock. By late afternoon, 5,778 call options traded, about 84 times the recent average daily turnover, according to Trade alert. During the session, the top trade was 1,100 contracts of May $25 calls at the 45 cent asking price, said said WhatsTrading.com option strategist Frederic Ruffy. The strike attracted volume of 4,760 contracts vs. 492 in open interest. Implied volatility is rallying, up about 27 percent to 52, he said.
Reuters Messaging: angela.moon.reuters.com@reuters.net
1400 ET 27April2010-US factory revenue to grow by 6.3 pct in 2010
ISM
The U.S. manufacturing and services sectors should continue to grow through 2010, with manufacturing revenue forecast to jump by 6.3 percent, the Institute for Supply Management said in its semiannual economic forecast released on Tuesday.
Revenue in the non-manufacturing sector is expected to rise by 0.3 percent in 2010, ISM said in a statement.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1222 ET 27April2010
Vale call options draw attention
U.S-listed shares of Vale shed 5.1 percent to $30.69. In options market, June $30 calls on the underlying stock were the one of the most actively traded for a second day, said Frederic Ruffy, option strategist at WhatsTrading.com. Ruffy said, 'Looks like a second day of liquidations in the contract, with most of the trades at $2.55 and $2.57 per contract,' Ruffy said. He added that the open interest in the contract declined by 24,300 to 38,400 after more than 25,000 June $30 calls traded on Monday. Implied volatility in the underlying stock was up about 3 percent to 36.
Reuters Messaging: angela.moon.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.