Crocodile
- 19 Nov 2003 21:29
Premarket Futures |
FTSE +18 |
DAX +15 |
DOW +16 |
S&P +2 |
Nasdaq +3 |
News: |
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U.S stocks broke a four-session losing streak following a strong report on the housing market, a bounce in the U.S. dollar and some upbeat corporate news. The Nasdaq rose 17.90, the Dow Jones up 66.30 and the S&P up 8.29
Nationwide sees 2004 UK house prices rising 9 pct
SABMiller The world's second-biggest brewer reported a big 78 percent rise in half-year profits but said the earnings growth in the first-half, enhanced by currency movements, is not expected to be repeated in the second half of the year.
Safeway
said its interim profits had slipped to 173 million pounds for the six months against 187 million a year ago as it awaits an offer from rival William Morrison Supermarkets. People close to the company expect an offer before Christmas.Mothercare said like-for-like sales rose 4.6 percent in the five weeks to November 14, and it had maintained an improvement in margins. Results showed it made 13.4 million pounds profit in the 28 weeks against a 10.0 million pounds loss in the year ago period.
SSL International the maker of Durex condoms said profit before tax fell to 9.5 million pounds in the six months including an exceptional charge of 12 million pounds.
Lastminute.com reported its first annual profit of 200,000 pounds and said its managing director and co-founder Martha Lane Fox would stand down at the end of 2003.
Royal & Sun Alliance Britain's second-largest general insurer reported underlying Q3 results consistent with the first half and said it was making good progress on restructuring its U.S. operations. It unveiled an operating loss of 212 million pounds in the nine months to September 30, but the figure included the reserve charge. Its combined ratio, a key gauge of non-life underwriting profitability that measures costs and claims against premiums, had improved to 96.2 percent from 104 percent in the same period last year, beating a consensus estimate of 99.3 percent.
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United States
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Europe & World (GMT |
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FKI
(I), GUS (I), Tomkins (I)
Great Portland Estates (I)
National Grid Transco (I), Royal & Sun Alliance Insurance (I)
SABMiller (I), Dimension Data Holdings Limited (F)
Lastminute.com (F), Safeway (H1), Hilton group (I)
Retail
Sales Y/Y M/M for October
PSNCR
for October
PS
Net Borrowing for October
|
TGT
retail, Walt Disney
1:30
Initial Claims 11/15 - 360K
15:00 Leading Indicators Oct - 0.2%
17:00 Philadelphia Fed Nov - 26.0 |
ABB
Swiss engineer holds an extraordinary shareholder meeting on Thursday to
approve a huge financing plan after the indebted firm nearly went bust
last year.
Swisscom (I)
French-Belgian banking group Dexia (I) |
Druid2
- 20 Nov 2003 07:42
- 4 of 24
Morning everyone. Thanks Croc & TP.
Melnibone
- 20 Nov 2003 09:05
- 8 of 24
Morning all,
My BT.a not looking too healthy today.
Not too fussed, single digit P/E and a divi circa 5% is OK.
This is still the big boy on the block.
Looks like I might indeed be finding out, first hand, when the ex-divi
date is. ;-)
LGEN looking better for me.
AVZ and LLOY trying to get above the 400p level again.
Seems to be a lot of uncertainty in the market.
Melnibone.
Melnibone
- 20 Nov 2003 09:18
- 9 of 24
Not sure how these explosions are going to affect the markets.
Took profit on LGEN at 102.25.
Will hold BT.A and look to double position when it bottoms.
Melnibone
Melnibone
- 20 Nov 2003 09:45
- 10 of 24
Al-Queda claims responsibility and threatens more attacks
against the US.
Markets still dropping and the US hasn't yet woken up.
This could turn ugly.
Melnibone
Melnibone
- 20 Nov 2003 09:50
- 11 of 24
I would expect financial and travel stocks to take
the biggest hits.
Safe havens, bonds and defensive stocks, may rise.
Melnibone
Melnibone
- 20 Nov 2003 10:23
- 13 of 24
Hi little woman,
I am doing the same, waiting to see how the US reacts.
Watching LGEN and BT.A.
Bit risky to start bottom fishing yet I think.
Melnibone.
ajren
- 20 Nov 2003 10:45
- 15 of 24
Vodafone:-
Nov 19: Mr Hydon,director = 2,224,263 shares aj
ajren
- 20 Nov 2003 12:09
- 16 of 24
BT group - Children in need.
zarif
- 20 Nov 2003 12:57
- 17 of 24
Morning /afternoon all.
The market has been spooked by the blasts and results coming out today on YM.The sentiment can change and cause us damage. Also the Options expiring tomorrow i think -beware whipsaws etc.
Croc -what are your opinions for today on the YM. 9625 seems to be supported and brick wall at 9700 yesterday.Which direction are we moving any comments as you are not a crocodile but an ALLIGATOR in my books
rgds
zarif
Melnibone
- 20 Nov 2003 14:46
- 18 of 24
Thanks for that little woman,
I'll keep my powder dry on BT.A.
I think 4280 on the FTSE and and 1038 on the S@P will act
as support/resistance levels today.
People will be shy of buying in this environement.
They won't want to get caught in any new longs unless
they are LTBH looking for a specific buy price.
I see further declines as Bulls bide their time while
Bears have to drive the price down looking for buyers.
Melnibone
ajren
- 20 Nov 2003 18:49
- 19 of 24
BTA purchased 4,880,000 @ 173.28
Melnibone
- 20 Nov 2003 19:08
- 20 of 24
Thanks for that ajren,
All information and views on stocks that we trade on this thread are welcome.
Keep it coming.
Melnibone.
Druid2
- 20 Nov 2003 19:51
- 21 of 24
Been out all day today and got back to find that my LMC short looking good. Have now reduced my stop from 325 to 257.75. Wish that EZJ & ETL longs would have gone my way - perhaps they will in the morning.
Melnibone
- 20 Nov 2003 20:04
- 22 of 24
Hi Druid2,
Very pleased your LMC short has worked, well done.
Sorry your EZJ isn't going your way, but if you recall
terror attacks were my problem with airline stocks.
Look on the bright side, these are an LTBH buy so short-term
drops are not a problem to you, you may get the 250p support
top-up price that I mentioned.
If not, you are already in and you will be quids in anyway if
your 500p price target is met.
Melnibone.
Melnibone
- 20 Nov 2003 20:54
- 23 of 24
I got my call very wrong for this afternoon's trading.
Please see my comments on the 'Dow Jones' thread
for my reasoning.
Melnibone.