[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Why America Will Want Donald Trump Back in the White House

The new border chaos: a crisis of Biden’s own making

The DeSantis moment: Florida's governor emerges as possible Trump successor

Report: World Needs Equivalent Of Pandemic Lockdown Every Two Years To Meet Paris Carbon Emission Goals

Lockdowns: Which ‘Experts’ Were Right?

Coal Fired Power...

Trump’s Triumph at CPAC

CPAC Is Still Trump’s, But Something Has Changed

Democrats' disgraceful lies keep on giving

At CPAC ... The conservaTive faiThful --- double down on Trumpism

'EaTing while black'... N.Y. Times admiTs eliTe college scapegoaTed janiTors in race hoax --- Officials appeased sTudenT who claimed she was profiled

Pics/Video ... 51-day Waco siege began wiTh deadly ATF shooTouT --- 28 years ago

The Communist Takeover Of The United States

Time To Impeach Our Government

Is This Why Jim Acosta Went to CPAC?

HUGE BREAKING NEWS - Judge Rules Maricopa CounTy ... MusT Provide 2.1 Million BalloTs From 2020 --- To Arizona SenaTe for AudiT

HUGE BREAKING NEWS - Judge Rules Maricopa CounTy ... MusT Provide 2.1 Million BalloTs From 2020 --- To Arizona SenaTe for AudiT

WAR: Rep. Marjorie Taylor Greene Decorates Hall Outside Her Office After Dem Rep. Puts Up Trans Flag

NoT Making Headlines ... California BLACK Man Films Himself on Facebook Live ... wiTh Two Dead Women on The Floor He Killed --- Including Minor

‘Blessings Of LiberTy’ ... How ‘The EqualiTy AcT’ Viciously ATTacks --- ChrisTians - Freedom - SocieTy - Sex - You

Biden bends to the ayatollah

Oklahoma murder suspecT confesses To ... killing neighbor - cooking her hearT --- invesTigaTors say

Biden Is No FDR

Jason Chaffetz: Biden-Harris' disastrous start – first month full of hypocrisy, scandal and incompetence

Biden is set to repeat Obama’s Mideast failures — and wipe out US influence

How the GOP can win back Congress

There Is No GOP Civil War

Biden rewards Iran’s bad behavior by begging it to make a deal

‘Never before’ has the leader of the free world [Biden] been ‘so cognitively compromised’

ATTorney Lin Wood Releases STaTemenT Before Supreme CourT Ruling ... on ElecTion Fraud Today --- UPDATED WITH NEW COMMENT

Biden and his assistant is too cruel a punishment with which to hit America.

TiTanic ... Genius Time Traveler goes back --- everyone saved !

Rush Limbaugh passed away this morning

Remember ... George Will --- Me neiTher.

Eating Biden’s Lunch

Biden Wrong to Consider Restricting Travel to Florida

The Real Reason ... Pelosi & McConnell Folded LasT NighT Leaks --- Lock Them Up

GOP Party

Seven turncoats: What motivated those Republicans to vote guilty?

Real life study: Masked schoolchildren are harmed physically, psychologically, behaviorally and suffer from 24 distinct health issues

Trump Celebrates Acquittal, Hints At Political Future

SNAKE - McConnell ... Uses Floor To BruTally Trash Trump --- Following Failed ImpeachmenT EfforT

BREAKING - Trump ... Releases StaTemenT --- Following ImpeachmenT AcquiTTal

BREAKING - SenaTe VoTes 57 - 43 ... To ACQUIT Donald Trump --- Here Are The SEVEN Republicans Who VoTed To ConvicT

SCHOOLBOY 'KILLERS' Thugs - 15 - 17 ... 'filmed Themselves gang raping woman - 36 - beaTing her To deaTh' --- 'in a park as oTher boys waTched'

Joe Biden Is a F#@ing Idiot!

ImpeachmenT blunder - AuThor of TweeT inTroduced aT Trial says iT was ... Calvary / prayer - crucificTion --- falsified - misinTerpreTed to caValry / horses - soldiers - invasion

Georgia's New Democrat Senator Is Under Investigation for Voter Registration Fraud

Tom MacDonald - "Fake Woke"

Five Vanities That Are Destroying America


Status: Not Logged In; Sign In

Business
See other Business Articles

Title: U.S. Stocks Gain as Industrial Output, Earnings Top Forecasts (editors note: Romney Victory Speculation)
Source: Bloomberg
URL Source: http://www.sfgate.com/business/bloo ... al-Output-Earnings-3952693.php
Published: Oct 16, 2012
Author: Nikolaj Gammeltoft
Post Date: 2012-10-16 10:46:52 by Brian S
Keywords: None
Views: 2143
Comments: 3

Oct. 16 (Bloomberg) -- U.S. stocks advanced, sending the Standard & Poor’s 500 Index higher for a second day, as industrial production rose more than forecast and corporate earnings topped estimates.

Johnson & Johnson rallied 1.5 percent after raising its 2012 profit forecasts. Sprint Nextel Corp. gained 0.9 percent after people with direct knowledge of the situation said the company isn’t planning to take over Clearwire Corp. Citigroup Inc. added 0.2 percent after Chief Executive Officer Vikram Pandit stepped down.

The S&P 500 climbed 0.6 percent to 1,448.38 at 9:49 a.m. in New York. Stocks rallied yesterday as U.S. retail sales and Citigroup Inc.’s earnings beat estimates. The Dow Jones Industrial Average added 91.30 points, or 0.7 percent, to 13,515.53 today. Trading in S&P 500 companies was 31 percent above the 30-day average at this time of day.

“Investors are cycling back into risk as earnings as well as economic numbers in the U.S. are somewhat better than expected,” Chad Morganlander, a Florham Park, New Jersey-based fund manager at Stifel Nicolaus & Co., which oversees about $138 billion in client assets, said in a telephone interview. “Economic growth will continue to be sluggish even with the flickers of hope that we’ve seen this morning.”

More than 80 companies in the S&P 500 have scheduled their results this week, according to data compiled by Bloomberg. Of the 48 companies in the benchmark index that have reported since Oct. 9, 35 posted earnings that exceeded analyst estimates, the data showed. Intel Corp. and International Business Machines Corp. will release their earnings after the market closes.

Industrial Production

Output at factories, mines and utilities rose 0.4 percent in September after a 1.4 percent decline in August that was the biggest since March 2009, the Federal Reserve reported today in Washington. The median estimate in a Bloomberg survey of 85 economists called for production to rise 0.2 percent. Manufacturing, which makes up 75 percent of the total, climbed 0.2 percent.

European stocks advanced as two German lawmakers said the country is open to Spain seeking a precautionary credit line. Michael Meister and Norbert Barthle, officials within Chancellor Angela Merkel’s Christian Democratic bloc, indicated a rolling back of German resistance to a full sovereign bailout for Spain.

“We have more good news than bad and no reason to take the market down in the short term,” James Gaul, a portfolio manager at Boston Advisors LLC which oversees about $2.3 billion in assets, said in a phone interview. “The comments by German lawmakers that Germany may be open to a precautionary credit line to Spain may take some risk off the table there.”

Medical Tools

Johnson & Johnson, the world’s biggest maker of health-care products, climbed 1.5 percent to $69.62. Third-quarter earnings beat analyst estimates on rising demand for medical tools acquired with the Synthes purchase and new prescription medicines.

The drugmaker raised its 2012 earnings forecast to $5.05 to $5.10 a share excluding certain items, after trimming the forecast last quarter by 5 cents to $5 to $5.07 a share. Analysts estimated the company would generate $5.08 a share this year.

Sprint, the third-largest U.S. wireless carrier, added 0.9 percent to $5.74. The company, which agreed to sell a 70 percent stake to Softbank Corp. for $20.1 billion, has no immediate plans to take over Clearwire, said the people with knowledge of the situation. Clearwire tumbled 16 percent to $2.26.

Kroger Gains

Kroger Co., a supermarket operator, increased 1.9 percent to $23.87. Jefferies Group Inc. upgraded the stock to buy from hold.

Citigroup added 0.2 percent to $36.73. Pandit, who led the bank through its government rescue, stepped down and will be replaced as CEO by Michael Corbat. President and Chief Operating Officer John P. Havens also resigned, the bank said in a statement.

The departures remove a leadership team that navigated Citigroup through 2008’s global credit crisis, when taxpayers rescued the bank from collapse with a $45 billion bailout. Pandit has been challenged this year as Citigroup’s plan to boost payouts to investors was rejected by regulators and as shareholders voted against his compensation plan. Subscribe to *Obamanomics On Parade*

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Brian S (#0)

*Obamanomics On Parade*

I shit on your propaganda.


"I am relying on my personal experience with Morons, which have been universally positive." -jwpegler

Capitalist Eric  posted on  2012-10-16   14:38:35 ET  Reply   Trace   Private Reply  


#2. To: Brian S (#0)

This data is massaged Bullshit!

China's leading steel producers are getting slaughtered....over 1/3rd of them have 50% production cycle downturn and huge losses.
Container shipping/Baltic Dry index plummeted this year
The very same trend occured in early 2007 as critics like Webster Tarpley warned the bomb is ticking.
then the Subprime blowout, and the Hedge Fund blow outs.

There could be a new round of blow ups and failures due to derivatives,..yet its also aquisition time.....or time for Vultures to circle as the staggering fall down and the corpse gets eaten.
US unemployment is still over 20%.....and in Europe it nears 40% in places.
Nat Gas supply volume is high...as consumption is way down.
Diesel is still testicle crushing high....and so too are utility costs/contracts.
There's no extra money to go to wallhell or Lowes....unless you are putting that on credit.
banks are not freeing up captial for the general public,...but are rolling the shell game on the inside amongst themselves...as the Fed buys national debt.
In Europa...the Jesuits have Europe eating out of their hand now....and soon....the EU will hand their nations books over to Brussels and then...the HRE Holy Roman Empire will have acheived what it could not for umpteen hundreds of years.
all it requires then....is to increase its new Army in size [NATO]

But hell....there's no NWO,...no Police state....no concerns....as yukon says....LOLAY!

Parrot with speed dial  posted on  2012-10-16   15:04:15 ET  Reply   Trace   Private Reply  


#3. To: All, *More Made Up-Altered Titles* (#0)

It is not easy reconstructing 'molded minds'...

Brian S  posted on  2012-10-16   15:10:23 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com