MarketWatch.com - Pre-Market Indications

Friday, January 21, 2011

Indications: U.S. stock futures rise on strong GE results

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

By Simon Kennedy and Kate Gibson, MarketWatch

NEW YORK (MarketWatch) â€" U.S. stock futures edged up Friday after solid results from General Electric Co. and Google Inc., though Bank of America Corp. reported earnings that missed expectations.

“Futures are showing signs of a bounce on solid Google earnings and continued pressure on the U.S. dollar. And, after B. of A.’s confusing numbers, the rest of the earnings calendar is fairly light heading into the weekend,” Marc Pado, U.S. strategist at Cantor Fitzgerald, wrote in a note.

Futures on the Dow Jones Industrial Average /quotes/comstock/21b!f:dj\h11 (DJH11 11,822, +48.00, +0.41%)  rose 39 points to 11,813, and S&P 500 futures /quotes/comstock/21m!f:sp\h11 (SPH11 1,280, +3.70, +0.29%)  climbed 5.9 points to 1,282.1.

Nasdaq 100 futures /quotes/comstock/21m!f:nd\h11 (NDH11 2,279, -2.50, -0.11%) advanced 13.25 points to 2,294.75.

On Thursday, U.S. markets closed slightly lower for a second straight day, providing “confirmation that we have started a pullback phase,” according to Pado.

“That does not mean we won’t bounce and distribute a top, even if it is a short-term top. The good news is that the market is overlooking positive economic news. This should help the correction be shorter and shallower than many anticipate,” the analyst wrote.

The Dow industrials /quotes/comstock/10w!i:dji/delayed (DJIA 11,868, +45.07, +0.38%)   ended Thursday down 2.49 points.

H-P board shake-up draws praise

Dan Gallagher and Ben Pimentel discuss what Hewlett-Packard’s board shake-up means for the tech giant, and how it relates to Mark Hurd.

Corporate earnings will be the focus of attention. Late Thursday, Google /quotes/comstock/15*!goog/quotes/nls/goog (GOOG 625.29, -1.48, -0.24%)  reported earnings that beat Wall Street expectations and said co-founder Larry Page will become chief executive officer in early April. Read more on Google’s results and the board shakeup.

General Electric’s /quotes/comstock/13*!ge/quotes/nls/ge (GE 19.46, +1.03, +5.59%)  shares rose in premarket action after the industrial giant reported a jump in fourth-quarter profit, comfortably ahead of consensus estimates. Read about GE’s results.

Shares of Bank of America /quotes/comstock/13*!bac/quotes/nls/bac (BAC 14.27, -0.27, -1.86%) , however, dropped before the open after the company reported a fourth-quarter loss of $1.2 billion, including a $2 billion goodwill-impairment charge. Read about B. of A.’s results.

Mike Lenhoff, chief strategist at Brewin Dolphin, said the trend so far has been one of strong earnings from industrial, materials and technology companies, with only the financial sector largely disappointing investors.

“GE was quite good, and it’s a bellwether on the economy,” Lenhoff said.

“It seems the results of the financial sector have little to do with what’s going on in the underlying economy,” he added.

Also late Thursday, Hewlett-Packard Co. /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 46.89, +0.11, +0.24%)  announced several changes to its board, including the appointment of Meg Whitman, former CEO of eBay Inc. /quotes/comstock/15*!ebay/quotes/nls/ebay (EBAY 29.98, -0.80, -2.59%) . Read more about H-P.

With little on the economic calendar, the dollar continued its recent slide against the euro and was slightly lower against the yen.

The euro rose to $1.3528, and the dollar slipped against the yen to ¥82.70.

Gold prices edged lower in electronic trading, while crude oil pushed marginally higher.

European markets partially recovered from the previous session’s losses, with the French CAC 40 jumping 1.4% in midday trading.

Asian markets ended mostly lower, including a 1.6% drop for Japan’s Nikkei 225 Average, though China’s Shanghai Composite bucked the trend to end 1.4% higher.

Simon Kennedy is the City correspondent for MarketWatch in London. Kate Gibson is a reporter for MarketWatch, based in New York.

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Indications: U.S. stock futures rise as GE, Google beat

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

By Simon Kennedy, MarketWatch

LONDON (MarketWatch) â€" U.S. stock futures edged higher Friday following strong results from General Electric Co. and Google Inc., though Bank of America Corp. shares lost ground in premarket trading after its earnings missed expectations.

Futures on the Dow Jones Industrial Average /quotes/comstock/21b!f:dj\h11 (DJH11 11,812, +38.00, +0.32%)  rose 27 points to 11,801 and S&P 500 futures /quotes/comstock/21m!f:sp\h11 (SPH11 1,283, +6.80, +0.53%)  climbed 4.30 points to 1,280.50.

Nasdaq 100 futures /quotes/comstock/21m!f:nd\h11 (NDH11 2,296, +14.50, +0.64%)  were up 7.50 points at 2,289.00.

The moves came after U.S. markets closed slightly lower on Thursday amid worries of further tightening measures from China.

The Dow ended Thursday down 2.49 points.

H-P board shake-up draws praise

Dan Gallagher and Ben Pimentel discuss what Hewlett-Packard’s announcement that four members of its board are leaving means for the tech giant, and how it relates to Mark Hurd.

Corporate earnings will be the main focus of attention after Google /quotes/comstock/15*!goog/quotes/nls/goog (GOOG 626.77, -4.98, -0.79%)  late Thursday reported earnings that beat Wall Street expectations and said co-founder Larry Page will become the group’s chief executive officer as of early April. Read more on Google’s results and the board shake-up.

Shares in Google were up 1.4% in premarket trading.

General Electric Co. /quotes/comstock/13*!ge/quotes/nls/ge (GE 18.43, +0.10, +0.55%)  also rose in premarket action. The stock gained 4.4% after the industrial giant reported earnings from continuing operations of 36 cents a share in the latest quarter, comfortably ahead of the 32 cents consensus forecast.

Bank of America /quotes/comstock/13*!bac/quotes/nls/bac (BAC 14.54, +0.17, +1.18%) , however, dropped 1% before the open after it reported a fourth-quarter loss of $1.2 billion, including a $2 billion goodwill impairment charge.

Mike Lenhoff, chief strategist at Brewin Dolphin, said the trend so far has been one of strong earnings from industrial, materials and technology companies, with only the financial sector largely disappointing investors.

“GE was quite good, and it’s a bellwether on the economy,” Lenhoff said.

“It seems the results of the financial sector have little to do with what’s going on in the underlying economy,” he added.

Also late Thursday, Hewlett-Packard Co. /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 46.78, +0.46, +0.99%)  announced several changes to its board, including the appointment of Meg Whitman, former CEO of eBay Inc. /quotes/comstock/15*!ebay/quotes/nls/ebay (EBAY 30.78, +1.68, +5.76%) .

With little on the economic calendar, the dollar continued its recent slide against the euro and was slightly lower against the yen.

The euro rose 0.5% to $1.35273 and the dollar slipped 0.2% against the yen to ¥82.76.

Gold prices edged lower in electronic trading, while crude oil pushed marginally higher.

European markets partially recovered from the previous session’s losses, with the French CAC 40 jumping 1.4% in midday trading.

Asian markets ended mostly lower, including a 1.6% drop for Japan’s Nikkei 225 Average, though China’s Shanghai Composite bucked the trend to end 1.4% higher.

Simon Kennedy is the City correspondent for MarketWatch in London.

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NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Friday, Jan 21, 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 Thursday's Close Current Price Pct Change Current NYSE ARCA Vol
TEF $73.21 $24.90 (66.0%) 13,530
DNBK $17.04 $22.00 29.1% 10,092
WMG $4.72 $5.69 20.5% 8,000
CHLN $2.89 $3.39 17.4% 2,000
ACOR $27.83 $23.29 (16.3%) 127,385


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
SPY $134357635 $128.66 0.4% | BAC 7,856,354 $14.24 ( 2.0%)
BAC $113025282 $14.24 ( 2.0%) | C 5,152,735 $4.82 0.6%
GE $49,444,100 $19.07 3.4% | GE 2,591,175 $19.07 3.4%
GOOG $30,526,063 $640.98 2.3% | SPY 1,045,110 $128.66 0.4%
AAPL $25,264,152 $335.82 0.9% | EEM 411,572 $46.94 ( 0.1%)
C $24,845,389 $4.82 0.6% | NOVA 375,624 $13.18 1.6%
EEM $19,309,780 $46.94 ( 0.1%) | FAZ 241,350 $8.74 ( 0.1%)
EWZ $17,469,936 $76.12 0.3% | MNKD 231,554 $5.85 ( 5.3%)
GLD $13,365,808 $131.08 ( 0.1%) | EWZ 229,669 $76.12 0.3%
QQQQ $10,519,362 $56.35 0.4% | SDS 210,501 $22.71 ( 0.8%)


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 edge higher ahead of GE

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

By Simon Kennedy, MarketWatch

LONDON (MarketWatch) â€" U.S. stock futures edged marginally higher Friday ahead of earnings announcements from General Electric Co. and Bank of America Corp., and as investors assessed the latest results from Google Inc.

Futures on the Dow Jones Industrial Average /quotes/comstock/21b!f:dj\h11 (DJH11 11,790, +16.00, +0.14%)  rose 7 points to 11,782 and S&P 500 futures /quotes/comstock/21m!f:sp\h11 (SPH11 1,279, +2.50, +0.20%)  edged up 1.20 points to 1,277.40.

Nasdaq 100 futures /quotes/comstock/21m!f:nd\h11 (NDH11 2,286, +4.50, +0.20%)  were up 1.75 points at 2,283.25.

The moves came after U.S. markets closed slightly lower on Thursday amid worries of further tightening measures from China.

The Dow ended Thursday down 2.49 points.

H-P board shake-up draws praise

Dan Gallagher and Ben Pimentel discuss what Hewlett-Packard’s announcement that four members of its board are leaving means for the tech giant, and how it relates to Mark Hurd.

Corporate earnings will be the main focus of attention after Google /quotes/comstock/15*!goog/quotes/nls/goog (GOOG 626.77, -4.98, -0.79%)  late Thursday reported earnings that beat Wall Street expectations and said co-founder Larry Page will become the group’s chief executive officer as of early April. Read more on Google’s results and the board shake-up.

Shares in Google were up 1.6% in premarket trading.

Also late Thursday, Hewlett-Packard Co. /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 46.78, +0.46, +0.99%)  announced several changes to its board, including the appointment of Meg Whitman, former CEO of eBay Inc. /quotes/comstock/15*!ebay/quotes/nls/ebay (EBAY 30.78, +1.68, +5.76%) .

Among the companies due to report earnings Friday, General Electric /quotes/comstock/13*!ge/quotes/nls/ge (GE 18.43, +0.10, +0.55%) is expected to report fourth-quarter earnings of 32 cents a share.

Bank of America Corp. /quotes/comstock/13*!bac/quotes/nls/bac (BAC 14.54, +0.17, +1.18%)  is seen posting a profit of 18 cents a share and Schlumberger Ltd /quotes/comstock/13*!slb/quotes/nls/slb (SLB 85.28, -0.98, -1.14%)  is forecast to report earnings of 78 cents a share.

With little on the economic calendar, the dollar continued its recent slide against the euro, but held fairly steady against the yen.

The euro rose 0.5% to $1.35337 and the dollar slipped 0.1% against the yen to ¥82.871.

Gold prices edge lower in electronic trading, while crude oil pushed marginally higher.

European markets partially recovered from the previous session’s losses, with the French CAC 40 climbing 0.9% in morning trading.

Asian markets ended mostly lower, including a 1.6% drop for Japan’s Nikkei 225 Average, though China’s Shanghai Composite bucked the trend to end 1.4% higher.

Simon Kennedy is the City correspondent for MarketWatch in London.

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