Week in Review: January 25 - 29, 2010
% Change
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Index Close Week YTD
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DJIA 10067.33 -1.04% -3.46%
S&P 500 1073.72 -1.64% -3.70%
NASDAQ 2147.35 -2.63% -5.37%
-Burlington Northern (NYSE: BNI) declares Berkshire (NYSE:BRK.A) merger dividend
-Fed Chairman Bernanke reinstated for another term
-FOMC statement released, leaving interest rates at historic lows, saying "economic activity has continued to strengthen" since its last meeting in December, but did not repeat its last assertion that the housing market was improving
-Microsoft (NASDAQ: MSFT) beats estimates, reports exceptional demand for windows 7; Procter & Gamble (NYSE: PG) profit beats street estimates, issues mixed guidance; Bristol-Myers Squibb (NYSE: BMY) beats estimates fueled by improved operating margins; AT&T (NYSE: T) reports inline results; Motorola (NYSE: MOT) swings to profit; Ford (NYSE: F) doubles estimates; Boeing (NYSE: BA) guides below estimates to reflect lower volumes and risks; Caterpillar (NYSE: CAT) sales plunge 39% and guidance falls short; Netflix (NASDAQ: NFLX) profit surges 36% and adds 1.1 million subscribers; DuPont (NYSE: DD) beats estimates and boosts guidance; Apple (NASDAQ: AAPL) beats estimates, investors question new accounting figures and await the new product launch; Amazon (NASDAQ: AMZN) beats estimates
-Apple (NASDAQ: AAPL) formally unveils new iPad
The Week Ahead: February 1- 5, 2010
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-Earnings Calendar:
-Mon: Anadarko Petroleum (NYSE: APC), ExxonMobil (NYSE: XOM), Humana (NYSE: HUM), SYSCO Corporation (NYSE: SYY)
-Tues: Aflac (NYSE: AFL), Archer Daniels Midland (NYSE: ADM), D.R. Horton (NYSE: DHI), Marathon Oil (NYSE: MRO), Massey Energy (NYSE: MEE), MetLife (NYSE: MET), News Corporation (NASDAQ: NWSA), Pepsi Bottling Group (NYSE: PBG), The Dow Company (NYSE: DOW), The Hershey Company (NYSE: HSY), United Parcel Service (NYSE: UPS)
-Wed: Black & Decker (NYSE: BDK), Broadcom (NASDAQ: BRCM), Cisco Systems (NASDAQ: CSCO), Comcast Corporation (NASDAQ: CMCSA), International Paper (NYSE: IP), Time Warner (NYSE: TWX), Yum! Brands (NYSE: YUM)
-Thurs: Allergan (NYSE: AGN), Clorox (NYSE: CLX), Diamond Offshore Drilling (NYSE: DO), MasterCard (NYSE: MA), The Kellogg Company (NYSE: K), Northrop Grumman (NYSE: NOC), Sara Lee (NYSE: SLE), Starwood Hotels & Resorts (NYSE: HOT), Sunoco (NYSE: SUN)
-Fri: Aetna (NYSE: AET), Tyson Foods (NYSE: TSN), Weyerhaeuser (NYSE: WY)
-Economic Data (estimates in parenthesis): Personal Income Dec (0.3%), Personal Spending Dec (0.3%), ISM Manufacturing Jan (55.6), Construction Spending MoM Dec (-0.4%), Pending Home Sales MoM Dec (0.6%), Total Vehicle Sales Jan (11.15M), ADP Employment Change Jan (-40K), Nonfarm Productivity 4Q P (5.3%), Unit Labor Costs 4Q P (-2.1%), Initial Jobless Claims Jan 30 (460K), Factory Orders Dec (0.9%), Change in Nonfarm Payrolls Jan (20K), Unemployment Rate Jan (10.0%), Consumer Credit Dec (-$9.5B)
-FedSpeak: N/A
By Chip Brian, Editor-in-Chief
Ticker Trend Trend Date Trend Price Last Price Return ---------------------------------------------------------------------------- MSFT Uptrend 03/23/2009 $17.95 $28.18 56.99% F Uptrend 11/09/2009 $7.97 $10.84 36.01% BA Uptrend 11/23/2009 $52.66 $60.60 15.08% XOM Downtrend 12/08/2009 $72.96 $64.24 11.95%
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