Daily Market Commentary for May 7, 2008 from Millennium-Traders.Com
Todays top stock pick for the trading session is National Financial
Partners Corporation (NYSE: NFP) which posted a loss on the trading day of
over 18% to lose over 5 points by the closing bell. Net income was higher
than last year same time period but, earnings per share did not meet
analysis expectations, creating the down hill slide. (read more
http://www.millennium-traders.com/news/newscommentary.aspx)
At the closing bell on the Stock Exchange, here is how the major world
indices and major U.S. indices ended the session on the U.S. Markets:
DOW (Dow Jones Industrial Average) triple digit loss of 206.48 points on
the day to end the session at 12,814.35
NYSE (New York Stock Exchange) triple digit loss of 171.51 points to end
the session at 9,339.47
NASDAQ loss of 44.82 points for a close at 2,438.49
S&P 500 loss of 25.69 points for a close at 1,392.57
FTSE All-World ex-U.S. loss of 2.32 points to close at 252.94
FTSE RAFI 1000 triple digit loss of 112.86 points to close at 5,620.34
BEL 20 gain of 16.46 points to close at 3,906.61
CAC 40 gain of 34.39 points to close at 5,075.31
FTSE100 gain of 45.8 points to close at 6,261.0
NIKKEI 225 gain of 53.2 points to close at 14,102.50
News on the New York Stock Exchange (NYSE) today: advanced stocks 904;
declined stocks 2,252; unchanged stocks 105; stocks hitting new highs 84;
stocks hitting new lows 39.
Daily Trading Range and end of day trading results for volatile NYSE
stocks traded by active Day Traders today:
Syniverse Holdings Incorporated (NYSE: SVR) gained 4.43 points on the
trading day, high on the trading day $21.34, low on the trading day
$18.93, for a closing price at $21.09;
Visa Incorporated (NYSE: V) gained 0.97 points on the trading day, high on
the trading day $89.84, low on the trading day $87.66, for a closing price
at $88.50;
Allergan Incorporated (NYSE: AGN) shed 1.77 points on the trading day,
high on the trading day $56.90, low on the trading day $51.00, for a
closing price at $52.55;
American International Group, Incorporated (NYSE: AIG) shed 3.32 points on
the trading day, high on the trading day $48.45, low on the trading day
$44.97, for a closing price at $45.08;
National Financial Partners Corporation (NYSE: NFP) shed 5.15 points on
the trading day, high on the trading day $27.95, low on the trading day
$21.81, for a closing price at $22.92;
Mosaic Corporation (NYSE: MOS) shed 2.83 points on the trading day, high
on the trading day $129.88, low on the trading day $123.82, for a closing
price at $124.65;
Potash Corp. of Saskatchewan, Incorporated (NYSE: POT) gained 0.07 points
on the trading day, high on the trading day $204.02, low on the trading
day $196.10, for a closing price at $198.77;
CME Group, Incorporated (NYSE: CME) shed 16.27 points on the trading day,
high on the trading day $488.29, low on the trading day $468.72, for a
closing price at $468.72;
Monsanto Corporation (NYSE: MON) shed 2.26 points on the trading day, high
on the trading day $121.12, low on the trading day $116.52, for a closing
price at $117.44;
Transocean, Incorporated (NYSE: RIG) shed 0.45 points on the trading day,
high on the trading day $162.35, low on the trading day $156.24, for a
closing price at $157.40;
Rio Tinto plc (NYSE: RTP) shed 21.77 points on the trading day, high on
the trading day $501.76, low on the trading day $487.66, for a closing
price at $490.67l;
Petroleo Brasileiro (NYSE: PBR) shed 3.54 points on the trading day, high
on the trading day $131.49, low on the trading day $125.74, for a closing
price at $126.75;
Mastercard Incorporated (NYSE: MA) shed 5.01 points on the trading day,
high on the trading day $300.94, low on the trading day $291.01, for a
closing price at $291.01.
News on the NASDAQ today: advanced stocks 838; declined stocks 2,077;
unchanged stocks 114; stocks hitting new highs 38; stocks hitting new lows
103.
Trading range and end of day trading results for volatile NASDAQ stocks
traded by active Day Traders today:
Synchronoss Technologies, Incorporated (NasdaqGS: SNCR) shed 9.86 points
on the trading day, high on the trading day $13.88, low on the trading day
$12.60, for a closing price at $13.04;
Millicom International Cellular SA (NasdaqGS: MICC) shed 5.07 points on
the trading day, high on the trading day $118.86, low on the trading day
$114.44, for a closing price at $115.23;
Exlservice Holdings, Incorporated (NasdaqGS: EXLS) shed 4.03 points on the
trading day, high on the trading day $23.63, low on the trading day
$20.52,
for a closing price at $20.76;
Foster Wheeler, Limited (NasdaqGS: FWLT) shed 1.22 points on the trading
day, high on the trading day $70.46, low on the trading day $63.99, for a
closing price at $65.16;
Cognizant Technology Solutions Corporation (NasdaqGS: CTSH) shed 3.54
points on the trading day, high on the trading day $31.57, low on the
trading day $30.01, for a closing price at $30.21;
Genomic Health Inc (NasdaqGS: GHDX) shed 1.66 points on the trading day,
high on the trading day $21.28, low on the trading day $18.57, for a
closing price at $19.29;
F5 Networks Incorporated (NasdaqGS: FFIV) gained 1.19 points on the
trading day, high on the trading day $26.80, low on the trading day
$24.60, for a closing price at $25.95;
Kendle International Incorporated (NasdaqGS: KNDL) shed 2.13 points on the
trading day, high on the trading day $41.00, low on the trading day
$37.25,
for a closing price at $40.58;
Celgene Corporation (NasdaqGS: CELG) shed 2.54 points on the trading day,
high on the trading day $65.41, low on the trading day $62.50, for a
closing price at $63.10;
Google Incorporated (NasdaqGS: GOOG) shed 7.36 points on the trading day,
high on the trading day $599.49, low on the trading day $576.43, for a
closing price at $579.00;
Perrigo Corporation (NasdaqGS: PRGO) shed 2.12 points on the trading day,
high on the trading day $35.00, low on the trading day $32.80, for a
closing price at $33.37;
First Solar, Incorporated (NasdaqGS: FSLR) shed 1.72 points on the trading
day, high on the trading day $287.20, low on the trading day $275.23, for
a
closing price at $276.85;
Baidu.com, Incorporated (NasdaqGS: BIDU) shed 11.29 points on the trading
day, high on the trading day $382.90, low on the trading day $358.45, for
a closing price at $358.13,
News on the American Stock Exchange (AMEX) today: advanced stocks 447;
declined stocks 708; unchanged stocks 90; stocks hitting new highs 30;
stocks hitting new lows 20.
Department Of Energy released Crude Oil and Gasoline data today: U.S.
Crude Oil Stockpiles increased by 5.7 Million Barrels at 325.6 Million
Barrels; U.S. Gasoline Stockpiles increased by 0.8 Million Barrels at
211.9 Million Barrels; U.S. Distillate Stockpiles -0.1 Million Barrels at
105.7 Million Barrels; U.S. Refineries Ran at 85.0% versus 85.4% a week
ago; U.S. Crude Oil Stockpiles increased by 5.7 Million Barrels in the
week compared to expectations of an increase by 1.4 Million Barrels; U.S.
Gasoline Stockpiles increased by 800,000 Barrels in the week compared to
expectations of a decrease by 400,000 Million Barrels; U.S. Distillate
Stockpiles fell 100,000 Barrels in the week compared to expectations of an
increase by 800,000; U.S. Refineries ran at 85.0% capacity compared to
expectations of an increase by 0.4 points at 85.8%.
National Association of Realtors: U.S. Pending Home Sales Index fell 1.0%
in March and U.S. March Pending Home Sales fell 20.1% from March 2007.
Comments from Federal Reserve Board Member Randall S. Kroszner: Fed sees
Foreclosure Spike as 'Urgent Problem'; Foreclosures likely to have Risen
Further in 1Q; Mortgage Market Continues to Face Challenges; Job Losses,
Falling Prices Leading to Foreclosures; Housing Market's Impact on
Communities a Concern; Foreclosures can Impact Job, Business Creation;
Foreclosures can make it Harder to Attract Buyers.
U.S. 1Q Non-Farm Productivity increased by 2.2% compared to consensus of
an increase by 1.7%; U.S. 1Q Unit Labor Costs increased by 2.2% compared
to consensus of an increase by 2.8%; U.S. Productivity increased by 3.2%
on the year resulting in highest since 2Q 2004.
Commodities Markets
Energy Sector: Light Crude (NYM) gained $1.69 on the day to close at
$123.53 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.09 on the day
to close at $3.45 a gallon ($US per gal.); Natural Gas (NYM) gained $0.18
on the day to close at $11.33 per million BTU ($US per mmbtu.); Unleaded
Gas (NYM) gained $0.01 on the day to close at $3.12 a gallon ($US per
gal.).
Metals Markets: Gold (CMX) shed $6.70 to close at $871.00 ($US per Troy
oz.); Silver (CMX) shed $0.15 to close at $16.71 ($US per Troy oz.);
Platinum (NYM) shed $0.80 to close at $1,969.00 ($US per Troy oz.) and
Copper (CMX) shed $0.04 to close at $3.83 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 0.53 to
close at 75.28; Pork Bellies (CME) gained 0.28 to close at 76.78; Live
Cattle (CME) closed at 91.83; Feeder Cattle (CME) gained 0.08 to close at
108.28.
Other Commodities (cents per bu.): Corn (CBT) gained 6.75 to close the
session at 613.00 and Soybeans (CBT) gained 32.00 to close the session at
1,309.00.
Bonds were higher across the board today: 2 year bond gained 4/32 to close
at 99 20/32 with a Yield of 2.30, Yield Change -0.08; 5 year bond gained
13/32 to close at 100 6/32 with a Yield of 3.84, Yield Change -0.08; 10
year bond gained 18/32 to close at 97 5/32 with a Yield of 3.84, Yield
Change -0.08; the 30 year bond gained 30/32 to close at 96 10/32 on the
day with a Yield of 4.60, Yield Change -0.06.
The e-mini Dow $5 ended the commodity session today at 12,815 with a loss
of 213 points on the trading session. Futures Traders should review
workshops available at the CBOT (Chicago Board of Trade). Educational
in-person seminars schedules available on the CBOT (Chicago Board of
Trade) website.
Monitor scheduled economic data every market morning by viewing the Daily
Market Report from Millennium-Traders, free access to visitors on our
website.
Subscribe to our free Weekly MarketNews for a review of the past weeks
trading action plus, view upcoming economic data for the week ahead.
Review archives of the News & Commentary plus, our FREE Monthly Trading
Lesson posted on our website.
Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com
--
Message posted using
http://www.talkaboutinvestments.com/group/misc.invest.marketplace/
More information at http://www.talkaboutinvestments.com/faq.html
|
