MarketWatch.com - Pre-Market Indications

Tuesday, January 18, 2011

Indications: U.S. futures pare gains on Citigroup, Apple

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

By Polya Lesova and Kate Gibson, MarketWatch

NEW YORK (MarketWatch) â€" U.S. stock futures relinquished the bulk of their early gains Tuesday, as sentiment was pressured by disappointing earnings from Citigroup Inc. and news that Apple Inc. Chief Executive Steve Jobs was taking a medical leave.

Scaling back from a rise of more than 30 points, futures on the Dow Jones Industrial Average /quotes/comstock/21b!f:dj\h11 (DJH11 11,740, +15.00, +0.13%)  were lately up 10 points to 11,735, while S&P 500 futures /quotes/comstock/21m!f:sp\h11 (SPH11 1,288, -1.50, -0.12%)  fell 1.4 points to 1,288. Nasdaq 100 futures /quotes/comstock/21m!f:nd\h11 (NDH11 2,302, -18.50, -0.80%)  dropped 16.75 points to 2,303.25.

U.S. markets were closed Monday in observance of the Martin Luther King Jr. Day holiday. Asian markets finished mostly higher overnight, and European stocks rose in intraday trading Tuesday.

Steve Jobs to take medical leave

Apple Chief Executive Officer Steve Jobs tells employees that he will be taking a medical leave of absence.

Banking giant Citigroup /quotes/comstock/13*!c/quotes/nls/c (C 5.13, +0.09, +1.79%) reported a fourth-quarter profit of $1.31 billion, or 4 cents a share. On average, analysts polled by FactSet Research expected earnings of 8 cents a share. Read more about Citi’s results.

Meanwhile, Delta Air Lines Inc. /quotes/comstock/13*!dal/quotes/nls/dal (DAL 12.75, 0.00, 0.00%) said it swung to a profit of 2 cents a share in the quarter ended Dec. 31 from a loss of 3 cents a share in the same period a year ago. Adjusted earnings were 19 cents a share in the latest period, while analysts polled by FactSet were looking for a profit of 25 cents a share, on average. Shares of Delta slipped 5.5% in thin premarket trade.

On the economic front, the Empire State Manufacturing index rose to 11.9 in January, missing economists’ forecast for a rise to 13. After the market opens, the NAHB Housing Market Index for January will be released.

Apple weighs on technology sector

Shares of Apple /quotes/comstock/15*!aapl/quotes/nls/aapl (AAPL 348.48, +2.80, +0.81%)  slumped 5% in premarket trading after Chief Executive Officer Steve Jobs announced Monday that he will take a medical leave of absence to focus on his health. He will retain his CEO post and remain involved in big decisions for the company.

After the closing bell, Apple is expected to report fiscal fourth-quarter earnings of $5.41 a share, up from $3.67 a share in the year-earlier period, according to analysts surveyed by FactSet Research.

Also in the technology sector, International Business Machines Corp. /quotes/comstock/13*!ibm/quotes/nls/ibm (IBM 150.00, +1.18, +0.79%)  is due to report its quarterly results later Tuesday.

U.S.-listed shares of GlaxoSmithKline PLC /quotes/comstock/13*!gsk/quotes/nls/gsk (GSK 39.18, +0.30, +0.77%)   /quotes/comstock/23s!a:gsk (UK:GSK 1,171, -34.50, -2.86%)  dropped nearly 3% in premarket trading after the pharmaceutical giant said late Monday that it will take a charge of about $3.5 billion in the fourth quarter to cover legal costs.

In deal news, Comerica Inc. /quotes/comstock/13*!cma/quotes/nls/cma (CMA 42.25, 0.00, 0.00%)  said it will buy all of the outstanding shares of Sterling Bancshares Inc. /quotes/comstock/15*!sbib/quotes/nls/sbib (SBIB 7.70, +0.22, +2.94%)  in a stock-for-stock transaction. The deal will accelerate Comerica’s growth in Texas and maintain Comerica’s capital strength, the firms said.

In the currency markets, the greenback fell against most of its major rivals, with the dollar index /quotes/comstock/11j!i:dxy0 (DXY 78.87, -0.47, -0.59%)  trading down 0.7% to 78.820.

The euro rallied 1.1% to $1.3404, buoyed by news that Russia may lift its ban on buying Spanish sovereign debt.

The British pound advanced 0.6% to $1.5998, rising after data showed that the U.K.’s consumer-price inflation rose at an annual rate of 3.7% in December, up from 3.3% in November. Read more about U.K. inflation.

Crude oil for February delivery slipped 31 cents to $91.23 a barrel. The International Energy Agency on Tuesday raised its forecast for global oil demand this year, citing strong consumption in emerging markets.

Gold futures rose $11.20 to $1,371.70 an ounce in electronic trading on Globex.

Polya Lesova is chief of MarketWatch’s London bureau. Kate Gibson is a reporter for MarketWatch, based in New York.

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NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Tuesday, Jan 18, 2011 :

STOCKS TRADING ON NYSE Arca AT A PRICE 15% OR MORE AWAY FROM
THE PREVIOUS TRADE DAY'S CONSOLIDATED CLOSE PRICE (AS OF 08:30:00 ET)

Stock Friday's Close Current Price Pct Change Current NYSE ARCA Vol
DTLK $4.54 $6.15 35.5% 3,600
ARIA $5.25 $6.95 32.4% 153,451
PSTI $2.73 $3.51 28.6% 36,002
SBIB $7.69 $9.25 20.3% 128,634


10 MOST ACTIVE STOCKS ON NYSE ARCA AS OF 08:30:00 ET

BASED ON DOLLARS TRADED: | BASED ON SHARES TRADED:
Stock $ Volume Price PctChg | Stock Share Vol Price PctChg
AAPL $257104781 $332.26 ( 4.7%) | C 42,881,150 $4.94 ( 3.7%)
C $214491088 $4.94 ( 3.7%) | BAC 1,513,385 $15.09 ( 1.0%)
SPY $108397720 $129.24 ( 0.0%) | SPY 837,864 $129.24 ( 0.0%)
BAC $22,957,326 $15.09 ( 1.0%) | AAPL 774,471 $332.26 ( 4.7%)
QQQQ $20,845,472 $56.58 ( 0.8%) | QQQQ 368,040 $56.58 ( 0.8%)
GLD $11,307,570 $133.89 0.9% | FAZ 271,053 $8.42 2.1%
IWM $7,661,197 $80.35 ( 0.1%) | NOK 231,628 $10.79 ( 1.9%)
GS $6,169,056 $175.00 0.0% | FAS 174,929 $30.85 ( 2.0%)
FAS $5,446,433 $30.85 ( 2.0%) | SDS 157,268 $22.50 0.1%
BP $5,259,628 $48.91 ( 0.6%) | ARIA 153,451 $6.95 32.4%


Price changes may be affected by symbol splits and dividends.

Consolidated close price is the last print (excluding prints with trade
conditions) prior to 4PM ET.

This information is also updated on our web page every morning at 8:35ET:
http://www.tradearca.com/data/volume/daily_update.asp

This material is for informational purposes only.
NYSE Euronext and its affiliates ("NYSE Arca") are not soliciting any action based upon it.
This material is not to be construed as an offer to buy or sell any security in any jurisdiction where such an offer or solicitation would be illegal.
Any opinions expressed in this material are NYSE Arca opinions only.
NYSE Arca undertakes no obligation to update any of the information contained in this material in light of new information or future events.
THIS MATERIAL IS PROVIDED BY NYSE ARCA "AS IS" AND WITHOUT WARRANTIES EXPRESS OR IMPLIED.
NYSE ARCA DISCLAIMS ALL WARRANTIES INCLUDING THE IMPLIED WARRANTIES OF MERCHANTIBILITY, TITLE, AND FITNESS FOR A PARTICULAR PURPOSE AS TO THIS MATERIAL.
IN NO EVENT SHALL NYSE ARCA BE LIABLE FOR DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER (INCLUDING BUT NOT LIMITED TO, LOST PROFITS, TRADING LOSSES AND DAMAGES THAT MAY RESULT FROM THE USE
OF THIS MATERIAL, ANY DELAY OR INTERRUPTION OF SERVICE OR OMISSIONS OR INACCURACIES IN THE MATERIAL) WITH RESPECT TO THIS MATERIAL.

Copyright [2011] by NYSE Euronext. All rights reserved. Reproduction and redistribution prohibited without prior express consent.

Indications: U.S. stock futures higher, but Apple shares drop

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

By Polya Lesova, MarketWatch

LONDON (MarketWatch) â€" U.S. stock futures were mostly higher on Tuesday ahead of Citigroup Inc.’s earnings report, while Apple Inc.’s shares fell in premarket trading, weighing on the technology sector.

Futures on the Dow Jones Industrial Average /quotes/comstock/21b!f:dj\h11 (DJH11 11,755, +30.00, +0.26%)  gained 32 points to 11,757 and S&P 500 futures /quotes/comstock/21m!f:sp\h11 (SPH11 1,292, +2.40, +0.19%)  rose 2.20 points to 1,291.60.

U.S. markets were closed Monday in observance of the Martin Luther King, Jr. Day holiday. Asian markets finished mostly higher overnight and European stocks rose in intraday trading Tuesday.

Steve Jobs to take medical leave

Apple Chief Executive Officer Steve Jobs told employees in an email Monday that he will be taking a medical leave of absence.

Investors are awaiting fourth-quarter results from banking giant Citigroup /quotes/comstock/13*!c/quotes/nls/c (C 5.13, +0.09, +1.79%) . Analysts polled by FactSet Research expect earnings of 8 cents a share on revenue of $20.57 billion.

Meanwhile, Delta Air Lines Inc. /quotes/comstock/13*!dal/quotes/nls/dal (DAL 12.75, +0.14, +1.11%)  will be the first major carrier to report earnings. Analysts expect the airline to swing to a profit of 25 cents a share.

On the economic front, the Empire State Manufacturing Survey for January is due at 8:30 a.m. Eastern time. After the market opens, the NAHB Housing Market Index for January will be released.

Apple weighs on technology sector

Bucking the positive trend, futures on the technology-heavy Nasdaq 100 /quotes/comstock/21m!f:nd\h11 (NDH11 2,308, -12.25, -0.53%)  fell 11.25 points to 2,308.70.

Shares of Apple /quotes/comstock/15*!aapl/quotes/nls/aapl (AAPL 348.48, +2.80, +0.81%)  slumped 4% in premarket trading after its Chief Executive Officer Steve Jobs announced Monday that he will take a medical leave of absence to focus on his health. He will retain his CEO post and remain involved in big decisions for the company.

After the closing bell, Apple is expected to report fiscal fourth-quarter earnings of $5.41 a share, up from $3.67 a share in the same period a year ago, according to analysts polled by FactSet Research.

Also in the technology sector, International Business Machines Corp. /quotes/comstock/13*!ibm/quotes/nls/ibm (IBM 150.00, +1.18, +0.79%)  is due to report earnings later on Tuesday.

U.S.-listed shares of pharmaceutical giant GlaxoSmithKline PLC /quotes/comstock/13*!gsk/quotes/nls/gsk (GSK 39.18, +0.30, +0.77%)   /quotes/comstock/23s!a:gsk (UK:GSK 1,182, -23.00, -1.91%)  dropped 2.5% in premarket trading after it said late Monday that it will take a charge of around $3.5 billion in the fourth quarter to cover legal costs.

In the currency markets, the greenback fell against most of its major rivals, with the dollar index /quotes/comstock/11j!i:dxy0 (DXY 78.87, -0.47, -0.59%)  trading down 0.6% to 78.853.

The euro rallied 1% to $1.3393, buoyed by news that Russia may lift its ban on buying Spanish sovereign debt.

The British pound advanced 0.8% to $1.6034, rising after data showed that the U.K.’s annual inflation rose 3.7% in December from the same month in 2009, and up from 3.3% in November.

Crude oil for February delivery gained 16 cents to $91.70. The International Energy Agency on Tuesday raised its forecast for global oil demand this year, citing strong consumption in emerging markets.

And gold futures rose $7 to $1,367.50 an ounce in electronic trading on Globex.

Polya Lesova is chief of MarketWatch’s London bureau.

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