Stock futures up on China data; builders in focus
Jefferies soars 20% on deal news, Titanium Metals jumps 40%作者: aimei 时间: 2012-11-12 10:04
本帖最后由 aimei 于 2012-11-12 10:06 编辑
The news out of China (trade, exports reaching a five-month high) and Greece is positive and may overshadow the fiscal-cliff fear,” said Peter Cardillo, chief market economist at Rockwell Global Capital.
“However, today’s volume is likely to be lighter than usual due to the Veterans Day festivity. We are looking for a mixed to steady session,” he said in emailed comments.
U.S. stocks are expected to zigzag this week, with negotiations over automatic spending reductions, and whether the U.S. will go over the so-called fiscal cliff, the chief concern of investors. Read: U.S. stocks to follow erratic 'fiscal cliff' path
Wall Street stocks finished with modest gains last Friday but the S&P 500 and SPX +0.17% Dow Jones Industrial Average DJIA +0.03% indexes suffered their worst week since June 1 as measured by weekly percentage drops, down 2.1% and 2.4%, respectively. Read: Current drop echoes 1987 crash prelude作者: aimei 时间: 2012-11-12 10:07
Greece in focus
Bond markets and government offices are closed in the U.S. on Monday for the Veterans Day holiday, and the data calendar is empty.
Helping put the focus outside the U.S., news that Greece passed its 2013 budget ahead of a meeting of finance ministers due later in the day cheered some investors.
The budget passage marks another key step in releasing a tranche of aid payments needed to boost the country’s finances. Read: Greece passes 2013 budget, as required for aid
The next crunch point for Greece is Friday, when作者: aimei 时间: 2012-11-12 10:07
Deals and home builders
Shares of Titanium Metals TIE +43.22% jumped 40% in premarket trading. Late Friday, the company said it has agreed to be bought by Precision Castparts Corp. PCP +0.66% for $2.9 billion in cash. Read: Precision Castparts to acquire Titanium Metals
Shares of Jefferies JEF +20.88% jumped 22% on news that Leucadia National Corp. LUK +3.90% will acquire the shares of the investment bank that it doesn’t already own. Read: Leucadia buying Jefferies; Handler to be CEO
D.R. Horton DHI -1.76% fiscal fourth-quarter net income nearly tripled and the company said its year-end backlog was the biggest since fiscal 2007. Read: D.R. Horton Q4 net nearly triples, revenue up 21%
Beazer Homes BZH -2.12% posted a wider fiscal fourth-quarter net loss on a stronger-than-expected 11% revenue gain. Read: Beazer Homes’ loss widens, sales up double-digits作者: aimei 时间: 2012-11-12 10:32
Threat of higher U.S. taxes seen triggering sell-off in stock market作者: banlangen 时间: 2012-11-12 11:07
opening gap will be filled today.
作者: banlangen 时间: 2012-11-12 11:52
very lihai
opening gap will be filled today.
banlangen 发表于 2012-11-12 11:07