View Full Version : Os mercados americanos em... 21.06.2004
† Data delayed at least 20 minutes.
U.S. FUTURES & MARKETS INDICATORS
Sep 2004 Change Price Last updated
S&P 500† +4.30 1138.30 6/21 5:44
Fair Value 1134.13 6/18 19:12
Difference * +4.17 6/18 19:12
Sep 2004 Change Price Last updated
NASDAQ† +10.50 1478.50 6/21 5:51
Fair Value 1468.86 6/18 19:12
Difference * +9.64 6/18 19:12
Sep 2004 Change Price Last updated
DOW JONES† +37.00 10434.00 6/21 5:45
DJIA contracts
* between futures and fair value
Stocks To Watch
Summer may smile on stocks
07:28 AM EDT
A newly announced bank merger and a reaffirmation of Intel's forecast may point to a stock rally Monday as summer begins on Wall Street.
Full Story
http://money.cnn.com/2004/06/21/markets/stockswatch/index.htm
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A.M. Market Call
Check futures here
They fixed one pipeline in Iraq, Intel is bullish, and Secretary Snow did some economic cheerleading on CNN Sunday. Of course futures are up and the open looks good!
Check today
http://money.cnn.com/markets/morning_call/
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Latest News
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Summer may smile on stocks
07:28 AM EDT
A newly announced bank merger and a reaffirmation of Intel's forecast may point to a stock rally Monday as summer begins on Wall Street.
Full Story
http://money.cnn.com/2004/06/21/markets/stockswatch/index.htm
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Ex-Vivendi chief taken into custody
08:27 AM EDT
Jean-Marie Messier, the former chairman and chief executive of Vivendi Universal, was taken into custody as part of a probe into suspected stock manipulation, French judicial sources said Monday.
Full Story
http://money.cnn.com/2004/06/21/news/international/vivendi_messier.reut/index.htm
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Wachovia buys SouthTrust for $14.3B
08:40 AM EDT
Wachovia Corp. agreed to buy SouthTrust Corp. in a $14.3 billion stock deal that will help Wachovia's reach in the Southeast and give it new entry into the Southwest.
Full Story
http://money.cnn.com/2004/06/21/news/fortune500/wachovia_southtrust/index.htm
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Home on the range
11:00 PM EDT
After rallying in late May and early June, Wall Street has been range-bound for days, and the same sheepdogs that kept stocks penned in last week will probably keep them in the doldrums again this week.
Full Story
http://money.cnn.com/2004/06/19/markets/sun_lookahead/index.htm
As bolsas norte-americanas encerraram hoje a cair, condicionadas pela queda dos títulos do Wachovia e da Advanced Micro Devices. O Dow Jones encerrou a depreciar 0,43% e o Nasdaq a diminuir 0,62%.
O Dow Jones [Cot] fechou nos 10.371,47 pontos, a cair 0,43%, enquanto o Nasdaq [Cot] encerrou nos 1.974,38 pontos, a recuar 0,62%.
O Wachovia, quarto maior banco dos Estados Unidos da América, acordou comprar o Southtrust por 14,3 mil milhões de dólares (11,78 milhões de euros) para expandir a sua presença a nove estados do sudeste norte-americano, nomeadamente à Florida, e para acelerar a sua entrada no Texas. As acções do Wachovia encerraram a cair 4,21%, para 45,02 dólares (37,17 euros).
A Advanced Micro caiu 5,24%, para 14,10 dólares (11,64 euros), no dia em o Supremo Tribunal dos EUA decidiu a favor da companhia em detrimento da Intel, maior fabricante de ‘chips’ do mundo, numa disputa legal entre ambas.
A Microsoft, maior fabricante mundial de ‘software’ foi o título mais transaccionado da sessão, tendo terminado inalterada, nos 28,35 dólares (23,41 euros).
A fabricante de telemóveis Motorola avançou 1,15%, para 17,54 dólares (14,48 euros), depois de ter anunciado que um IPO da sua participada Freescale Semicondutor poderá representar um encaixe de 2,37 mil milhões de dólares.
O ADR da Portugal Telecom (PT) [Cot] caiu 0,37%, para 10,64 dólares (8,79 euros), enquanto em Lisboa as acções da operadora de telecomunicações terminaram a sessão a valorizar 0,46 %, para 8,82 euros.
O ADR da Electricidade de Portugal (EDP) [Cot] avançou 0,62%, para 27,58 dólares (22,77 euros), enquanto em Lisboa os títulos da empresa atingiram os 2,26 euros, a apreciar 0,44%. Cada ADR equivale a 10 acções da eléctrica nacional.
http://www.negocios.pt/default.asp?CpContentId=244094
Apple on a tear
Three new highs for the company in the last week and a half -
- a look at what's driving interest.
By Eric Hellweg, CNN/Money contributing columnist
SAN FRANCISCO (CNN/Money) - Apple has become quite the
investor darling. Since June 9, the company's stock has risen
to three new 52-week highs.
Anticipatory buying ahead of an earnings call is nothing new,
of course, and some of the activity may be attributable to
shorts trying to cover earlier calls. But the next Apple
earnings report isn't until July 14 -- well beyond the usual
pre-earnings-spike time frame.
This frenzy appears to be based not on anticipation of the
next quarter, but on product announcements that, at this
early stage, don't warrant the excitement (the most recent
high-price watermark on June 16 saw trading volume soar to
twice the three-month average for the stock).
With the stock already trading with a trailing P/E north of
70, what upside is left for a strong earnings announcement
next month? Or are investors merely building a higher ledge
from which to fall if these new products don't live up to
expectations?
What's driving enthusiasm?
The two products driving investor enthusiasm are the new
AirPort Express and the opening of the iTunes Music Store to
France, Germany, and the United Kingdom. Let's look at these
two products and assess their growth prospects.
First, the AirPort Express unit. I don't think that this
product launch is responsible for much of the recent investor
enthusiasm, but it's a great addition to Apple's
entertainment-hub idea. The AirPort Express lets users stream
their iTunes collections directly into stereos and beam
wireless signals throughout their houses.
The best thing about this product from an investor
perspective, however, isn't its abilities but the fact that
it's made for both Mac and PC users. And at $129, it's
relatively cheap.
The European market
What's causing most of the excitement is the European
premiere of the iTunes Music Store. And it's this launch that
could potentially increase Apple's value. While the iTunes
store may or may not be profitable in the United States --
Steve Jobs says he's making nada on the downloads, though
others say he's sandbagging -- one thing's clear: The store
is a terrific sales generator for iPods, those wildly
profitable portable music players.
With one-third of total iPod sales already coming from abroad
-- even though until now the only iTunes store was geared
toward the U.S. market -- you can bet that the launch of
European iTunes will spur more sales of the device.
You can also bet on a significant leap in downloads.
"The song sales at the iTunes store are growing at a near-
exponential rate," says Charlie Wolf, an analyst with Needham
& Co. "A successful launch of the European store could bring
its weekly total to 5 million songs from 3.5 million." Wolf
has owned shares in Apple for seven years and has held a
"buy" rating on the stock for more than a year.
Apple's success in the European market, however, is far from
guaranteed. When the iTunes store launched in the United
States, it was the first of its kind.
That's not the case in Europe. Peter Gabriel's OD2 is the big
player in various European markets, and even Napster set up
shop on the Continent before Apple. What's more, Napster just
announced a promotion whereby new subscribers to the Napster
service will receive a free MP3 player. It's the first step
the market has seen toward the commoditization of the
devices.
The final possible factor in the recent stock run-up is next
week's Apple Developer Conference, at which Steve Jobs is
expected to announce new products.
Most observers I spoke with predicted that the big
introduction would be a 60-gigabyte iPod, while others hoped
it would be a low-cost Macintosh computer to compete in the
expanding low-end PC market. With IDC reporting further
erosion of Apple's share in the PC market, now down to 2.8
percent from 4 percent, it appears that a bet on Apple is now
a bet on its music prospects.
"Investors are betting on Apple's music story and not the
Macintosh story," Wolf says. "If they were betting on the Mac
story, the stock would be in the teens."
###
CNNmoney Market Briefing for Monday, 6/21/2004 |
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| Dow : 10371.47 down 44.94 | S & P : 1130.30 down 4.91 |
| NASDAQ: 1974.38 down 12.35 | Bond (10Y): 4.68%, 100.50 |
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MARKETS:
Stocks duck, duck, get goosed
Major indexes avoid picking direction all session, then decline near the close.
U.S. stocks fell near the close Monday, with investors throwing in the towel
after having spent the session on the sidelines.
http://money.cnn.com/2004/06/21/markets/markets_newyork/index.htm
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Dollar recovers, bonds edge up
Greenback regains ground after tumbling to 8-week low against the yen; Treasurys post modest gains.
The dollar recovered some ground after tumbling to an eight-week low against the
yen Monday, while Treasury prices crept higher.
http://money.cnn.com/2004/06/21/markets/bondcenter/bonds/index.htm
* * *
Oil dips as Iraq resumes some exports
Prices head lower as Iraq resumes limited crude exports after repairing a sabotaged pipeline.
Oil prices fell a dollar a gallon on Monday as Iraq resumed limited crude
exports from its southern terminals after a six-day halt caused by sabotage
attacks.
http://money.cnn.com/2004/06/21/markets/oil.reut/index.htm
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COMMENTARY:
Ali Velshi
Your Money goes job hunting on Tuesday. Rosemary Haefner of CareerBuilder.Com talks about the etiquette of the follow-up. And with all of the emphasis on recruiting by big companies, we'll have a guest focusing on how to apply for jobs at smaller companies. Bill Belknap, the co-founder of Performance Leadership talks about how to separate yourself from the pack in the interview. And Brad Karsh, President of JobBound gives us his Resume 101; how many pages, what's the best format, and how to account for gaps in employment. He'll stay for your calls and emails. That Tuesday, live at 5 pm ET on CNNfn. If you miss it, TAPE IT! Or watch again at 7 pm and 5 am ET.
Financial News
http://money.cnn.com/yourmoney
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NEWS:
Wachovia buys SouthTrust
Stock deal worth $14.3B to create the largest bank in the Southeast, but 4,300 jobs will be cut.
Wachovia Corp. agreed Monday to buy SouthTrust Corp. in a $14.3 billion stock
deal that will create the largest bank in the Southeast U.S., but the companies
said 4,300 jobs and 130 to 150 branches will be eliminated as part of the
merger.
http://money.cnn.com/2004/06/21/news/fortune500/wachovia_southtrust/index.htm
* * *
Bush, Democrats spar over jobs
In weekly radio addresses, both parties say they'd do a better job getting Americans back to work.
President Bush insisted Saturday his economic policies were making a good thing
better, while a Democratic congressman from his home state of Texas said his
party's plan would close loopholes in the president's policies and benefit
workers instead of businesses.
http://money.cnn.com/2004/06/19/news/economy/bush_jobs/index.htm
* * *
McDonald's making fast-food faster?
No. 1 burger chain tests self-serve kiosks in effort to improve service, lift revenue per customer.
McDonald's has eliminated the middle man standing between the fast food lover
and his burger, with an advanced test of technology that promises to shorten
lines and give consumers more control over ordering.
http://money.cnn.com/2004/06/18/news/fortune500/mcdonalds.reut/index.htm
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FORTUNE 500:
High court limits right to sue HMOs
Supreme Court rules health insurance companies cannot be sued for refusing doctor-recommended care.
A unanimous U.S. Supreme Court ruled Monday that patients cannot sue health
insurance companies under state law for refusing to pay for doctor-recommended
medical care, a decision that could affect millions of patients.
http://money.cnn.com/2004/06/21/news/fortune500/hmos.reut/index.htm
* * *
Wal-Mart sees sluggish June
No. 1 retailer expects same-store sales 'around' the low end of its forecast for 4 to 6% growth.
Wal-Mart Stores Inc. said Monday that June sales at stores open at least a year
were tracking "around" the low end of its forecast.
http://money.cnn.com/2004/06/21/news/fortune500/walmart.reut/index.htm
* * *
Wachovia buys SouthTrust
Stock deal worth $14.3B to create the largest bank in the Southeast, but 4,300 jobs will be cut.
Wachovia Corp. agreed Monday to buy SouthTrust Corp. in a $14.3 billion stock
deal that will create the largest bank in the Southeast U.S., but the companies
said 4,300 jobs and 130 to 150 branches will be eliminated as part of the
merger.
http://money.cnn.com/2004/06/21/news/fortune500/wachovia_southtrust/index.htm
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TECHNOLOGY:
Vivendi slashes gaming division
Media company lays off 350, shutters studios, cancels line of Hoyle games
NEW YORK (CNN/Money) - The ongoing restructuring at Vivendi Universal Games has
claimed the jobs of 350 employees - nearly 40 percent of its U.S. workforce - as
the French media company shut down its third division in two months.
http://money.cnn.com/2004/06/21/technology/vugames/index.htm
* * *
Techs trade cautiously higher
Taser shares soar on higher 2004 revenue outlook; Nortel rises on partnership talks with Cisco.
The technology sector finished cautiously higher on Wall Street Monday as most
investors stayed on the sidelines ahead of next week's Federal Reserve meeting.
http://money.cnn.com/2004/06/21/technology/techwrap/index.htm
* * *
Cablevision discount targets Verizon
Cable company cuts cable, Internet, phone package to $90, could spark price war.
Cablevision Systems Corp. on Monday cut the cost of its package of cable TV,
Internet and phone service to $90 a month -- a discount that takes dead aim at
Verizon and could spark a price war.
http://money.cnn.com/2004/06/21/technology/cablevision.reut/index.htm
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CONSUMER STRATEGIES:
Shopping the world for a house
The real estate boom knows no borders. It's not just the rich and eccentric who are buying abroad.
BEND, Ore. (CNN/Money) - Eyebrows went up when Dale Anderson and his wife, Kim,
told their friends they were buying a second house in Paraiso del Mar, a new
housing development in La Paz, Mexico.
http://money.cnn.com/2004/06/18/real_estate/buying_selling/overseas/index.htm
* * *
Understanding zoning laws
5 Tips: Get the zoning laws on your side
You may have big dreams this summer of adding on to your home, planting a tree
in the yard or even painting your door an unusual color. But you'll want to make
a pit stop before you actually put your plans into action: your local zoning
board.
http://money.cnn.com/2004/06/21/pf/saving/willis_tips/index.htm
* * *
Can an expensive house appreciate?
If I buy an expensive house, can it still appreciate in value or is it all downhill from here?
I'm considering buying a house for $799,000 in a highly desirable town in New
Jersey. But with a price that high, I wonder whether it could possibly
appreciate. Do you think the value will increase, or is it possible I could end
up not getting my money back even if I stay for 10 years?
http://money.cnn.com/2004/06/18/pf/expert/ask_expert/index.htm
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