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Börsipäev 25. mai

Kommentaari jätmiseks loo konto või logi sisse

  • Pärast kerget stabiliseerumist Euroopas, jäid sessiooni USA-s domineerima siiski müüjad ning kerget nõrkust on näidanud seetõttu ka Aasia turud. Uute majade müük osutus küll oodatust veidi paremaks, ent murettekitavam oli Richmond Fedi töötleva tööstuse indeks, mis kajastas üsna sarnast pilti teiste regionaalsete küsitlustega ning annab seetõttu põhjust oodata ka töötleva tööstuse ISM indeksi langust praegustelt tasemetelt (avaldatakse järgmisel kolmapäeval).
    Via Zerohedge:

    Tänane makrokalender Euroopast midagi huvitavat ei paku, küll aga jälgitakse pingsamalt USA statistikat, kui kell 15.30 avalikustatakse aprillikuu kestvuskaupade tellimused.

    USA futuurid kauplevad hetkel -0,8% punases ja Euroopagi peaks avanema korraliku miinusega (ca 1%).
  • OECD täna avaldatud raporti kohaselt on globaalne majanduskeskkonna paranemine muutumas iseseisvamaks, vahetades välja raha- ja fiskaalpoliitikast tulenevad tegurid, kuid tempo on erinevates regioonides erisugune ning üheks suurimaks ohuteguriks jääb OECD riikides kõrge tööpuudus. Majanduskoostöö ja Arengu Organisatsioon jättis maailma SKT kasvuprognoosi samaks võrreldes mullu novembriga, oodates tänavu 4,2%-list ja järgmisel aastal 4,6%-list tõusu. USA 2011 prognoos tõesteti 2,2% pealt 2,6% peale ning euroala sisemajanduse kogutoodang peaks kasvama nii sellel kui järgmisel aastal 2%. Samuti usutakse, et Kreeka saavutab järgmisel aastal jätkusuutliku kasvu. Detailsemalt on võimalik lugeda siit
  • Gapping up
    In reaction to strong earnings/guidance: LTXC +7.7%, QIHU +5.1%, FMCN +2.9% (light volume), TOL +2.8%, AVGO +2.7% (also reports oncology/surgery division developments; will not distribute LC Beads in the U.S. beyond Dec; upgraded to Buy at Kaufman Bros).

    M&A news: CPKI +12.7% (California Pizza to be acquired by Golden Gate Capital for $18.50 in cash per share, or approx $470 mln), RAE +8.3% (ticking higher, RAE Systems amends merger agreement with Vector Capital increasing price to $2.25 per share in cash).

    Select financial related names showing strength: RBS +2.2%, CS +1.4%, UBS +1.2%, HBC +1.1%, STD +0.8%.

    Other news: CEDC +4.9% (light volume, continued strength following M&A speculation yesterday), VVUS +4.8% (provides positive Phase 3 results of Avanafil in radical prostatectomy patients), IPAR +2.9% (will replace Triumph Group in the S&P SmallCap 600 index ), ANR +2.8% (will replace Massey Energy in the S&P 500 index), MEE +2.7% (S&P index changes assume MEE merger closing soon), ORBK +0.9% (prices 6.7 mln ordinary shares at $12.50 per share), SHPGY +0.7% (receives VYVANSE Paragraph IV Notice Letters).

    Analyst comments: BPI +3.6% (upgraded to Overweight from Neutral at Piper Jaffray), BSX +3.1% (ticking higher, upgraded to Neutral from Sell at Goldman), HAL +1.9% (attributed to tier 1 firm upgrade).
  • Kestvuskaupade tellimuste muutus oodatust nõrgem ning on esimese hooga futuuridele pisut müüsurvet juurde lisamas. Hetkel ES -0,2%

    April Durable Orders ex-trans -1.5% vs +0.6% Briefing.com consensus; prior revised to +2.5% from +2.3%
    April Durable Orders -3.6% vs -2.0% Briefing.com consensus; Prior revised to 4.4% from 4.1%
  • Gapping down
    In reaction to disappointing earnings/guidance: PSS -16.6%, RL -8.8%, FRO -7.3%, BAMM -7.2%, EXPR -4.9%, AMAT -2.8%, COST -2.5%, KNSY -1.3% (light volume), CSCO -0.6%.

    Other news: PLUG -8.8% (PLUGD; announced a common stock and warrants offering for an indeterminate amount), AKRX -4.8% (proposes offering of $100 mln of Convertible Senior Notes due 2016), EXLP -4.7% (priced a 5 mln share common unit offering at $25.95/unit ), PTNR -4.6% (Partner Comms was served with a lawsuit and a motion for the recognition of this lawsuit as a class action, filed against Partner and two other cellular operators on May 23, 2011 in the Tel-Aviv District Court), TWO -3.7% (announces public offering of common stock of 20 mln shares), KEM -3.7% (announced the public secondary offering of 7.0 million shares of its common stock by selling shareholder), MCP -3.2% (to sell 10 mln shares of common stock for shareholders), AIG -2.8% (US Treasury confirms pricing).

    Analyst comments: JNPR -1.4% (downgraded to Hold at Auriga), NETL -1.8% (downgraded to Hold at Auriga).
  • Apathy Has Taken Hold
    By Rev Shark
    RealMoney.com Contributor
    5/25/2011 8:29 AM EDT

    "If you're going through Hell, keep going."
    --Winston Churchill

    This market is a mess. We've had two failed bounces in the past few weeks and have been struggling, unsuccessfully, to put together some sort of recovery the last couple of days. We have broken important technical support. There is little leadership. And the mighty dip-buyers, who couldn't buy enough on the way up, have vanished into thin air.

    What has been particularly disheartening is the utter lack of energy. The opposite of love isn't hate, it is indifference -- and that is what we have seen. There isn't any further rush for the exits, but there isn't any interest in snapping up bargains either.

    None of this is surprising. It's simply the nature of markets to go through periods like this from time to time. We can easily come up with lots of good explanations as to why it is occurring now, and many market pundits are going to argue that it is "irrational" or "wrong." Perhaps it is. But our job isn't to fight it; our job is to find an effective way to deal with it. Above all, we need to protect our capital zealously and make sure we are in position to make money when the action improves.

    My foremost goal in a market like this is to keep my account balances as close to their highs as possible. I want to avoid drawdowns of capital as there is nothing more unproductive than having to make up losses once the action improves. If you can avoid the losses in a poor market, you have a tremendous advantage in the long run. Money managers who tend to stay fully invested have to do a great amount of work just to return to even when they have simply stuck with positions and rode them down in a poorly acting market.

    One of the easiest mistakes to make in a downtrending market is to try to be fully invested at the exact low. Institutional Wall Street works hard to encourage this sort of behavior and it causes much pain when the market continues to sink. Instead of finally making money when the action improves, the bottom fisher will have to have some big gains before getting back to even.

    Embrace the fact that the market is acting poorly. Don't deny it or fight it. Respect it and keep on plugging away until it improves. There will be opportunities in the short term if we stay opportunistic. But above all, protect your capital and don't allow yourself to be pulled into the downtrend.

    In the early going this morning we have some slight weakness. Cisco (CSCO) cut its guidance, AIG (AIG) has already broken its secondary offering price of $29, and overseas markets are mixed to down. The U.S. dollar is a bit stronger, and that is helping, but market players are showing little interest.

    At the time of publication, Rev Shark had no positions in any of the stocks mentioned.
  • The Fed purchased $4.80 bln of 2012-2013 maturities through Permanent Open Market Operations as dealers looked to put back $26.60 bln
  • Vietnami börsil on viimase kümne päeva jooksul toimunud paaniline tormijooks väljapääsu poole. Riigis on +20% yoy hinnatõus, mida keskpank ei saa intressimäärade tõstmisega kontrolli alla. Lisaks on seal olnud korralik laenubuum, mis ähvardab nüüd pangandussektorit krahhiga. Samuti on kohalikku valuutat dong mitu korda devalveeritud, et parandada eksportijate konkurentsivõimet. Siiani see aga oodatud tulemust ei ole andnud, valuuta stabiilsus on küsimärgi all ja paljud kohalikud eelistavad sääste hoida välisvaluutas või kullas.

    Läbi USA börside on võimalik Vietnami börsi tõusule ja langusele panustamiseks börsil kaubeldav fondiga Market Vectors Vietnam (VNM), mis võib investorite totaalse kapituleerumise korral pakkuda huvitavat kõrge riskiga investeerimisvõimalust, kuna suuresti meenutab Vietnam umbes kümne aasta tagust Hiinat (rahvaarvu järgi pigem küll mõnda Hiina rannikuala provintsi).

  • Facebook's Zuckerberg Says Co. Talking 'A Lot' to Netflix $NFLX About Social Tools

    NFLX ka korraliku põrke selle peale teinud ning kaupleb 2,1% plusspoolel.
  • $35 bln 5-yr Note Auction Results: 1.813%; Bid/Cover 3.20x (Prior 2.77x, 10-auction avg 2.82x); Indirect Bidders 47.1% (Prior 40.0%, 10-auction avg 41.6%)
  • Kuidagi jõuetu on see tänane turgude põrge pärast kolme järjestikust languspäeva.
  • Üks huvitav graafik käimasoleva aasta erinevate varaklasside tulususest.

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