infoTECH News

[November 20, 2009]

Week in Review: November 16 - 20, 2009

Nov 20, 2009 (SmarTrend(R) Week In Review via COMTEX) -- % Change ------------------------------ Index Close Week YTD ------------------------------------------------------ DJIA 10318.16 0.46% 17.57% S&P 500 1091.37 -0.19% 20.83% NASDAQ 2146.04 -1.01% 36.08% -Cisco (NASDAQ:CSCO) boosts its per share offer for Tandberg to 170 Norwegian kroner from 153.5 kroner -GM reports narrowed quarterly loss of $1.2 billion, showing signs of a turnaround -Bernanke says that the central bank has its eye on the weakening US dollar and said that rates would remain low -Intel (NASDAQ:INTC) announces firm is on track to meet outlook, and PC spending should rebound in the next 18 months, boosts quarterly dividend -Citigroup (NYSE:C) announces that CEO Pandit will continue to earn $1 per year -Dell (NASDAQ:DELL) misses both top and bottom line estimates as sales fell 15% but said it sees sequential improvement in the fourth quarter -Retail Sales up 1.4% (vs. est. 0.9%); Business inventories slips 0.4% (vs. est. -0.8%); Industrial Production rises 0.1% (vs. est. 0.4%); Producer Price Index rises 0.3% (vs. est. 0.5%); Housing Starts come in at 0.529M (vs. est. 0.600M); Jobless Claims come in 505K (vs. est. 504K); Leading Indicators show 0.3% (vs. est. 0.4%) The Week Ahead: November 23 - 27, 2009 --------------------------------------------------------------------------------------------- -Earnings: Analog Devices (NYSE:ADI), BJ Services (NYSE:BJS), Campbell Soup (NYSE:CPB), Hewlett-Packard (NYSE:HPQ), Tyson Foods (NYSE:TSN), H.J. Heinz (NYSE:HNZ), Hormel Foods (NYSE:HRL), J. Crew (NYSE:JCG), Medtronic (NYSE:MDT), Deere & Co. (NYSE:DE), Tiffany & Co. (NYSE:TIF) -Economic Data(estimates in parenthesis): Existing Home Sales Oct (5.70M), GDP QoQ (annualized) Q3 S (3.2%), Consumer Confidence Nov (47.5), Richmond Fed Manufacturing Index Nov (9), House Price Index MoM Sep (0.1%), Personal Income Oct (0.2%), Personal Spending Oct (0.6%), Durable Goods Orders Oct (0.5%), Initial Jobless Claims Nov 21 (500K), U. of Michigan Confidence Nov F (67.0), New Home Sales Oct (405K) -FedSpeak: none By Chip Brian, Editor-in-Chief Ticker Trend Trend Date Trend Price Last Price Return ---------------------------------------------------------------------------- CSCO Uptrend 07/16/2009 $19.96 $23.46 17.54% HNZ Uptrend 03/24/2009 $34.43 $42.23 22.65% HRL Uptrend 05/14/2009 $32.54 $38.29 17.67% DE Uptrend 10/19/2009 $45.28 $50.83 12.26% SmarTrend scans over 5,000 stocks daily and alerts you when a change in trend is identified. Get a free trial of our trading calls at http://www.TradeTheTrend.com.

Get exclusive insight into how the market is expected to perform...before the market opens. Sign up for our free daily market analysis newsletter: http://www.TradeTheTrend.com/signup.html SmarTrend is a registered trademark of Comtex News Network, Inc., a premier provider of relevant, licensed news and content to companies worldwide. Want licensed news on your website? Visit http://www.Comtex.com for a free trial.

[ InfoTech Spotlight's Homepage ]

blog comments powered by Disqus

FOLLOW US

Subscribe to InfoTECH Spotlight eNews

InfoTECH Spotlight eNews delivers the latest news impacting technology in the IT industry each week. Sign up to receive FREE breaking news today!
FREE eNewsletter