European Markets Closing Prices: FTSE: 4108.9 +43.4 +1.1%, DAX: 4531.8 +137.0 +3.1%, CAC: 3150.6 +70.1 +2.3%
Critical U.S., China, others take whatever actions needed to stabilize financial system.
Oppenheimer-ilt mõned huvitavad mõtted:
Oppenheimer believes the home health space is one of the most attractive areas to invest in; firm's favorite names are AMED and LHCG
Oppenheimer believes the home health space is one of the most attractive areas to invest capital in over the coming 12-18 months, in view of a robust pipeline of acquisitions, strong organic growth, protection from the economy, stable financial positioning and no currency risk. Despite the constrained economy, they say the public home health providers are well positioned financially, aided by strong cash flow and low debt levels. They note the average home health P/E multiple is a reasonable 15X '09E EPS, which appears even more attractive considering forward numbers for these companies are conservative, especially as future acquisitions are not in estimates. Their favorite names are AMED and LHCG. They say AMED, in particular, offers excellent value due to its recent sell-off.
Fed's Plosser says that Fed must withdraw liquidity when markets begin to stabilize or risk fueling inflation - Reuters
Sector ETF leaders & laggards at midday
Midday ETF Sector Strength:
iShares REITS- ICF +11.4%, iShares real estate- IYR +10.5%, Gold Miners- GDX +8.4%, Coal- KOL +7.3%, Wind energy- FAN +6.4%, Reg. banks- KRE +6.2%, SPDRS financials- XLF +6.1%, Solar power- TAN +5.9%, SPDRS metals/mining- XME +5.7%
Midday ETF Sector Weakness:
RBOB gas futures- UGA -1.4%, Nat gas futures- UNG -1.3%, WTI/Crude oil- OIL -1.4%, USO -0.9%, US Dollar index- UUP -0.65%, Ag./Chem.- MOO -0.55%
GM reports November US sales of -41.3% vs -33% street expectation. Car totals were -44.1% and truck totals were -39.4%. The steep decline in vehicle sales was largely due to a significant drop in the market's retail demand compared with last year, and continuing economic uncertainty that has negatively impacted consumer confidence.
Üsna kohutavad numbrid... Positiivse poole pealt tasuks ära mainida Chevrolet Malibu jätkuva edu, mille müük tõusis aasta jooksul 31%.
Final Hour INDU % Gainers:
GE +11.8%, C +11.3%, BAC +9.5%, MRK +5.6%, JPM +4.4%, INTC +3.8%
Final Hour INDU % Decliners:
MMM -4.3%, KO -2.5%, PG -0.9%, WMT -0.8%
NYSE TRIN @ +0.70
NYSE A/D Line @ +835