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Author Topic: Today's Outlook  (Read 849920 times)

Moneypenny

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Re: Today's Outlook
« Reply #45 on: April 16, 2013, 02:32:25 pm »
Shorted, risky I know, but let it fall where it may. ::)
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Moonraker

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Re: Today's Outlook
« Reply #46 on: April 16, 2013, 03:48:26 pm »
Looking good in US today (so far).

March CPI: -0.2% actual, -0.1% Briefing.com consensus, +0.7% prior

Core CPI: +0.1% actual, +0.2% Briefing.com consensus, +0.2% prior

Housing starts: 1.036 million actual, 930,000 Briefing.com consensus, 968,000 prior

Building permits: 902,000 actual, 945,000 Briefing.com consensus, 939,000 prior

Industrial production: +0.4% actual, +0.3% Briefing.com consensus, +0.7% prior

Capacity utilization: 78.5% actual, 78.4% Briefing.com consensus, 78.3% prior


The equity market is poised to begin the session on firm footing with defensive consumer staples and health care sectors likely to show early strength after Coca-Cola (KO 41.45, +1.36) and Johnson & Johnson (JNJ 82.45, +0.74) reported better-than-expected earnings.

Elsewhere, Goldman Sachs (GS 147.44, +0.98) is rising 0.7% after the bank's earnings and revenue eclipsed analyst estimates.

Just reported, March industrial production rose 0.4%, which was better than the 0.3% uptick that had been expected by the Briefing.com consensus. Meanwhile, capacity utilization hit 78.5%, which was slightly better than the 78.4% expected by the Briefing.com consensus.
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Moonraker

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Re: Today's Outlook
« Reply #47 on: April 16, 2013, 05:51:29 pm »
Europe was improving earlier on, now going down again. Could be due to .. IMF Cuts Global Growth Outlook as Europe Demand Urged

Quote
The global economy will expand 3.3 percent this year, less than the 3.5 percent forecast in January, after 3.2 percent growth in 2012, the Washington-based fund said today, cutting its prediction for this year a fourth consecutive time. The Washington-based IMF sees the 17-country euro area shrinking 0.3 percent, compared with a 0.2 percent retreat in January, with France joining Spain and Italy in contracting.

Damn, my defensives, BTI and SAB are not good today. >:(
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Nivek

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Re: Today's Outlook
« Reply #48 on: April 17, 2013, 07:44:42 am »
Asian stocks advanced for the first time in three days as new-home construction in the U.S. jumped more than forecast, the International Monetary Fund raised its forecast for Japanese growth and the yen weakened.

America's looking green, asia looking green, but after gaining 1.2% yesterday, will we gain much more today?
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Moneypenny

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Re: Today's Outlook
« Reply #49 on: April 17, 2013, 07:54:30 am »
Quote from: Nivek on April 17, 2013, 07:44:42 am

America's looking green, asia looking green, but after gaining 1.2% yesterday, will we gain much more today?

Wish I knew. :D 

SA CPI prev 1.00%, forecast 1.30% @10:00, SA retail sales (YoY) @ 13:00, I've read somewhere gold's fair value is at $800, fair for whom I wonder. ::)
« Last Edit: April 17, 2013, 10:04:59 am by Moneypenny »
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jaDEB

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Re: Today's Outlook
« Reply #50 on: April 17, 2013, 08:27:30 am »
I have a guy in my office that has gold fillings in his teeth, I could swear his smile looks brighter this morning. Maybe it's my imagination.. ???
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jaDEB

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Moneypenny

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Re: Today's Outlook
« Reply #51 on: April 17, 2013, 10:04:21 am »
CPI worse than expected at 1.20%

SA retail sales at 3.80%, expected 1.7%, previous 2.20%.
« Last Edit: April 17, 2013, 01:40:52 pm by Moneypenny »
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Moneypenny

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Re: Today's Outlook
« Reply #52 on: April 17, 2013, 03:48:25 pm »
Closed short -439 points, have a good night all!
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Moonraker

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Re: Today's Outlook
« Reply #53 on: April 17, 2013, 07:26:51 pm »
NEW YORK (TheStreet) -- Apple (AAPL) shares fell below $400 for the first time since December 2011 on the back of weaker-than-expected-results from one of its suppliers, Cirrus Logic (CRUS). Apple shares reached levels not seen since January 2012.

Cirrus Logic, which provides chips for Apple's products, missed estimates when it reported preliminary results Tuesday night. The company said revenue for the fourth quarter grew 87% to $206.9 million. That was below analysts' estimates of $210.2 million.

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Moneypenny

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Re: Today's Outlook
« Reply #54 on: April 18, 2013, 07:24:54 am »
UK retail sales @10:30, US initial jobless claims @ 1:30, Asia down, US futures up.  What to do, what to do?  Will wait for decent up-tick AM and short it, I think. Happy hunting all.
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Nivek

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Re: Today's Outlook
« Reply #55 on: April 18, 2013, 07:47:56 am »
I'll sit today out. My gut says yesterday's drop was overdone, but I don't trust it lately!
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Moonraker

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Re: Today's Outlook
« Reply #56 on: April 18, 2013, 09:28:36 am »
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Patrick

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Re: Today's Outlook
« Reply #57 on: April 18, 2013, 11:20:02 am »
I'm hoping to get into SAB in a couple of months. Hopefully at a good price.

As for today, I see UK retail is down and below expectation, while SA retail is up:
http://www.bloomberg.com/news/2013-04-18/u-k-retail-sales-decline-more-than-forecast-on-cold-weather-1-.html and http://www.iol.co.za/business/business-news/3-8-retail-sales-surge-a-good-sign-1.1502182#.UW-zyErcOaU
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Moonraker

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Re: Today's Outlook
« Reply #58 on: April 18, 2013, 04:17:43 pm »
Hey, looks like futures are a poor predictor of how markets in the US will open. The futures pointed to a higher opening, yet shortly after the opening all down quite a bit.
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jaDEB

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Re: Today's Outlook
« Reply #59 on: April 18, 2013, 04:37:53 pm »
Evening Mr Bond .... 8)
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jaDEB

If it scares you, it's a sign you need to do it
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