Stocks Open Lower In The US With Penny Stocks Gaining More Than Bluechips

January 8, 2012 Stock Markets
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U.S. stocks open on a hesitant note Friday, the announcement of monthly figures of employment than expected failed to allay concerns about the economic and financial situation of the euro area.

In early trade, the Dow Jones drops 0.14% (17 points) at 12,400 points. The Standard & Poor’s, largest, fell by 0.1% (1 point) to 1279 points while the Nasdaq composite is at equilibrium (0.02%) or 2670 points.

Job creation outside the agricultural sector amounted to 200,000 last month in the United States, while the market was expecting 150,000. In addition, the unemployment rate fell to 8.5% of the workforce, a three-year low, against 8.7% in November.

Values​​, Alcoa drops 2.3%. The first U.S. producer of aluminum will reduce its global capacity by 12%.

Specific situations, the pharmaceutical company Durect sees his tumble over 26%. Its experimental treatment against the post-operative pain has not fulfilled the main goal in the final phase of clinical testing. Other smaller penny stocks were also on the rise. Investors when feeling speculative for fast gains over coming weeks turn to these companies.

Fear In The Stock Market Continues As Europe Agrees Treaty

December 13, 2011 Stock Markets
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While European leaders agreed on a new treaty that member states must be rapidly towards greater economic integration and fiscal crisis is still raging in Europe and fears of a recession likely to affect the values on Wall Street.

Certain devalued companies on the stock market, such as Texas Instruments and DuPont, which have lowered their forecasts suggest that the impact of the European crisis are already felt across the Atlantic.

“We are beginning to feel the collateral damage of the situation in Europe, resulting in lower earnings forecasts,” said Peter Bookvar, strategist at Miller Tabak & Co.

The estimates of earnings growth of listed companies on the S & P 500 is the fourth in net losses since July. According to Thomson Reuters, the profits of these companies are expected to grow 10.1% in the fourth quarter against an estimate of 15% in early October and 17.6% in July.

Friday, Wall Street ended the session sharply higher, buoyed by the willingness of almost all countries of the European Union to show more fiscal restraint.

Countries in the euro area have launched a major overhaul which, after signing a new treaty to which only Great Britain has decided not to associate, to bring them rapidly towards greater economic integration and budget.

At the end of the sixteenth highest since the start of the debt crisis in late 2009 and after 10 hours of intense negotiations, they agreed on this new “pact”, which is based primarily on a tighter control of budgets and a limited reform of the future European Stability Mechanism (MES), which will now be supported by the ECB.

Euro Crisis Ending Hopes Boost Dow Jones

December 5, 2011 Stock Markets
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Wall Street opened sharply higher Monday, amplifying the gains of the previous week, buoyed by a surge of investor optimism, which welcome the efforts of Paris and Berlin to solve the European crisis.

Nicolas Sarkozy and Angela Merkel met in Paris to prepare the EU summit of December 9, presented as decisive for the future of the euro area.

In early trade, the Dow Jones progressed from 1.21% to 12,164.96 points. The Standard & Poor’s, largest, gained 1.4%% to 1261.70 points while the Nasdaq composite took 1.1% to 2656.18 points.

Values, gaining the title Metlife 3.8% at the opening. The first American life insurer expects an operating profit up 7% in 2012, despite forecasts for 2011 below expectations.

The action Yum Brands is 1.2%. The group raised its profit forecasts for 2011 and expects earnings per share up 10% in 2012.

The session will also be marked by the publication in the United States at 1500 GMT of the ISM services for the month of November and controls the industry for the month of October.

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