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

Leaks Show Maricopa AudiT Will Deliver ... We MUST Begin FighTing --- The Cover-Up - Propaganda - Lies.

Covering Biden -- or Just Covering for Him?

The Media Didn’t ‘Get It Wrong’ On Lafayette Park, They Lied To America — And They’re Still Lying

How This All Ends

Omar Is Forced To Clarify After Democrats Say She Equated U.S., Israel With Terrorists

Facebook and More Media Trump Lies

LIBERTY'S FLAME - T-SHIRT

Republican victories in South Texas prove once again that demographics aren't everything

Congress Must Keep Liberty’s Flame Alive

Progressives get vicious with Joe Manchin because he has principles

The Science Suggests a Wuhan Lab Leak

Because They Got Away with Russiagate

How China turned a prize-winning iPhone hack against the Uyghurs

Obama Predicts Major Discovery Could Spark 'New Religions'

Facebook suspends Trump's accounts for 2 years, citing public safety risk

Conservatives more susceptible to believing falsehoods

Joe Biden has his MAGA: Make America Goofy Again

They Lied, People Died: Media and Dems' Deadly Wuhan Narrative

Dreams of a new #NeverTrump political party? Good luck with that.

DeSantis signs transgender sports ban on first day of LGBTQ Pride Month

An Evangelical Battle of the Generations: To Embrace Trump or Not?

Paul Ryan’s Impotent Appeal

Trump's back. Here's what his re-entry means for 2024.

Texas Gov. Abbott to veto funding for state legislature amid spat over election bill

Fox’s Lone-Wolf Liberal Had a Tough Job. But It Made for Better TV.

3 Ways We Can Pray for Our Nation

Stop China From Getting a Civilization-Killing Pathogen | Opinion

House Republicans Introduce ‘Stars and Stripes’ Bill to Ban Flying ‘Political,’ BLM Flags at U.S. Embassies

Vice President Kamala Harris under fire for 'disrespectful' tweet

3 Ways We Can Pray for Our Nation

As pandemic wanes, Florida’s DeSantis seizes national stage

Memorial Day Prayer Honoring Those Who Have Sacrificed Their Lives

2021 National Memorial Day Concert

Dems who ignore rising crime will pay a severe ballot-box price

BOMBSHELL! Fauci in 2012 wrote that “gain of function” research to juice up bat viruses was worth risking a pandemic: “the benefits of such experiments and the resulting knowledge outweigh the risks. It is more likely that a pandemic would occur in n

Enough of FauciÂ’s lies!: Devine

Biden shut down Wuhan inquiry out of spite — and is now forced to reverse course

BREAKING: USPS Worker Admits To Dumping Election Ballots In New Jersey Dumpsters

Judge Orders Gov. Newson to Pay $1.35 Million for Discriminatory Church Lockdowns

Surging crime rate spells trouble for Democrats in 2022 elections

Why May 8 Was a Very Bad Day for Virginia Democrats

Digital Audit of ALL Absentee Ballots in Corrupt Fulton County Ordered by Judge . . .

BREAKING: ‘Significant Discrepancies’ Discovered In Arizona Audit, Ballots Off Up to 17.5%, ‘Likely Joe Biden Did Not Win’

Americans are tired of the left's lie that U.S. is systemically racist

Here’s the truth: Hamas is a terrorist group on a mission of genocide

Biden must let Bibi fight his way: Goodwin

Biden Is Off to a Disastrous Start

I do believe ThaT iT is wiThin The realm of possibiliTy ThaT Biden could win a presidenTial elecTion ... iT would Take place during a severe weaTher evenT --- hеll freezing over.

New Data Finds Majority Of Trump’s 2020 Voters Were Women and Minorities

Why Republicans believe they're right to oust Liz Cheney


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: 2161
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