Friday, February 15, 2008

U.S. stock futures flattish ahead of wave of economic data - MarketWatch

U.S. stock futures flattish ahead of wave of economic data - MarketWatch


Crude-oil futures were little moved after a big jump in the previous session, while yields on 10-year Treasury bonds slipped to 3.79%.
Of companies in focus, Kraft Foods (KFT:
KFT
)
rose to $29.79 in Frankfurt as Warren Buffett's Berkshire Hathaway (BRKB:
BRKB
)
(BRKB:
BRKB
)
disclosed in a filing that he accumulated an 8.6% stake by the end of the year.
Buffett increased holdings in Wells Fargo (WFC:
WFC
)
, bought a new stake in GlaxoSmithKline (GSK:GSK) and trimmed stakes in Ameriprise Financial (AMP:
AMP
)
and Iron Mountain (IRM:
IRM
)
, among other moves from the billionaire investor.
There are a handful of earnings releases, notably from Campbell Soup (CPB:
CPB
)
, Hormel Foods (HRL:
HRL
)
, J.M. Smucker (SJM:
SJM
)
and Abercrombie & Fitch (ANF:
ANF
)
.
Chipotle Mexican Grill (CMG:
CMG
)
may drop after the fourth-quarter earnings didn't grow as fast as forecast.
Clear Channel Communications (CCU:
CCU
)
may grow as the media and advertising group topped earnings estimates.
There were further write-downs revealed by foreign banks, including France's Natixis, Singapore's DBS and Hong Kong's Bank of East Asia.
The Nikkei 225 finished broadly unchanged, and the FTSE 100 slipped 0.4%

No comments:

Post a Comment

Your spam will not get posted on my blog. No wizetrade spammers etc

Subscribe to "The $t0ckman" via email

Enter your email address:

Delivered by FeedBurner