Daily Market Commentary for May 9, 2008 from Millennium-Traders.Com
Priceline released 1Q earnings that blew by analyst estimates, creating a
surge in the stocks price. First Quarter revenue came in at $403.2 million
compared to earnings of $301.3 million a year ago. (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 120.90 points on
the day to end the session at 12,745.88
NYSE (New York Stock Exchange) gain of 49.07 points to end the session at
9,388.54
NASDAQ loss of 5.72 points for a close at 2,445.52
S&P 500 loss of 9.39 points for a close at 1,388.29
FTSE All-World ex-U.S. loss of 1.78 points to close at 251.31
FTSE RAFI 1000 loss of 38.56 points to close at 5,584.73
BEL 20 loss of 46.25 points to close at 3,826.91
CAC 40 loss of 95.02 points to close at 4,960.56
FTSE100 loss of 66.1 points to close at 6,204.7
NIKKEI 225 triple digit loss of 288 points to close at 13,655.3
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,416;
declined stocks 1,703; unchanged stocks 100; stocks hitting new highs 67;
stocks hitting new lows 44. Daily Trading Range and end of day trading
results for volatile stocks on the NYSE traded by active Day Traders
today: Harris Corporation (NYSE: HRS) gained 2.52 points on the trading
day, high on the trading day $60.00, low on the trading day $56.53, for a
closing price at $56.93; Transocean, Incorporated (NYSE: RIG) shed 3.64
points on the trading day, high on the trading day $157.67, low on the
trading day $150.62, for a closing price at $153.66; Mechel Open Joint
Stock Company (NYSE: MTL) shed 1.75 points on the trading day, high on the
trading day $158.14, low on the trading day $150.53, for a closing price
at
$155.38; Public Storage (NYSE: PSA) shed 5.55 points on the trading day,
high on the trading day $91.81, low on the trading day $85.86, for a
closing price at $86.26; FMC Technologies, Incorporated (NYSE: FTI) gained
3.59 points on the trading day, high on the trading day $79.24, low on the
trading day $73.24, for a closing price at $77.85; InterContinental
Exchange, Incorporated (NYSE: ICE) shed 3.16 points on the trading day,
high on the trading day $159.89, low on the trading day $155.59, for a
closing price at $156.56; CME Group, Incorporated (NYSE: CME) shed 3.67
points on the trading day, high on the trading day $474.29, low on the
trading day $458.29, for a closing price at $461.65; Visa Incorporated
(NYSE: V) shed 4.44 points on the trading day, high on the trading day
$86.67, low on the trading day $82.52, for a closing price at $82.86.
News on the NASDAQ today: advanced stocks 1,346; declined stocks 1,504;
unchanged stocks 136; stocks hitting new highs 25; stocks hitting new lows
131. Trading range and end of day trading results for volatile NASDAQ
stocks traded by active Day Traders today: Priceline.com Incorporated
(NasdaqGS: PCLN) gained 14.85 points on the trading day, high on the
trading day $144.34, low on the trading day $137.37, for a closing price
at $138.63; Orthofix International NV (NasdaqGS: OFIX) shed 4.64 points on
the trading day, high on the trading day $36.75, low on the trading day
$32.38, for a closing price at $33.13; GeoEye, Incorporated (NasdaqGS:
GEOY) shed 3.05 points on the trading day, high on the trading day $19.64,
low on the trading day $16.05, for a closing price at $18.93; Research In
Motion Limited (NasdaqGS: RIMM) gained 1.59 points on the trading day,
high on the trading day $134.64, low on the trading day $131.11, for a
closing price at $132.77; First Solar, Incorporated (NasdaqGS: FSLR)
gained 8.70 points on the trading day, high on the trading day $287.65,
low on the trading day $278.55, for a closing price at $284.50; Baidu.com,
Incorporated (NasdaqGS: BIDU) shed 8.89 points on the trading day, high on
the trading day $354.00, low on the trading day $343.40, for a closing
price at $346.28; Google Incorporated (NasdaqGS: GOOG) shed 9.81 points on
the trading day, high on the trading day $585.00, low on the trading day
$571.30, for a closing price at $573.20.
News on the American Stock Exchange (AMEX) today: advanced stocks 513;
declined stocks 582; unchanged stocks 122; stocks hitting new highs 38;
stocks hitting new lows 26.
U.S. March Trade Deficit came in at $58.21 Billion as compared to
consensus of a Deficit of $61.50 Billion; February Trade Balance Revised
to Deficit of $61.71 Billion from Deficit of $62.32 Billion; March Exports
of $148.51 Billion fell 1.7%; March Imports of $206.72 Billion fell 2.9%.
Commodities Markets
Energy Sector: Light Crude (NYM) gained $2.27 on the day to close at
$125.96 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.13 on the day
to close at $3.64 a gallon ($US per gal.); Natural Gas (NYM) gained $0.27
on the day to close at $11.54 per million BTU ($US per mmbtu.); Unleaded
Gas (NYM) gained $0.06 on the day to close at $3.20 a gallon ($US per
gal.).
Metals Markets: Gold (CMX) gained $3.70 to close at $885.80 ($US per Troy
oz.); Silver (CMX) gained $0.02 to close at $16.89 ($US per Troy oz.);
Platinum (NYM) gained $52.70 to close at $2,095.00 ($US per Troy oz.) and
Copper (CMX) shed $0.07 to close at $3.72 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 0.40 to
close at 76.88; Pork Bellies (CME) gained 0.30 to close at 80.08; Live
Cattle (CME) gained 0.88 to close at 94.53; Feeder Cattle (CME) gained
0.45 to close at 109.93.
Other Commodities (cents per bu.): Corn (CBT) shed 1.00 to close the
session at 629.25 and Soybeans (CBT) gained 48.00 to close the session at
1,358.00.
Bonds were higher across the board today: 2 year bond shed 62/32 to close
at 99 24/32 with a Yield of 2.24, Yield Change +0.03; 5 year bond shed
1/32 to close at 100 22/32 with a Yield of 2.97, Yield Change +0.01; 10
year bond gained 6/32 to close at 101 3/32 with a Yield of 3.77, Yield
Change -0.01; the 30 year bond gained 1 4/32 to close at 97 16/32 on the
day with a Yield of 4.52, Yield Change -0.02.
The e-mini Dow $5 ended the commodity session today at 12,769 with a loss
of 55 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.
Stocks Trading Room:
Jeannie - $3,318
Barry - $11,552
Marty - $3,590
Sam - $3,130
Futures Trading Room:
JT - $6,280
Forex Trading Room:
JT - $18,750
Daily Swing Trades:
Barry - $16,610
Weekly Swing Trades:
Jeannie - $ - 420
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