Yupe. Terbantu IBM, although definitely not my favourite company :) On Tue, Jul 19, 2011 at 7:38 PM, positif01 <[email protected]> wrote:
> ** > > > One hour to US market trading hour. > > No wonder, no surprise; at the end of the day, market will and should > react. Question is, have you anticipated? Indo kickstart important financial > sector earnings release next week. What do you have? > > Stock futures climb on upbeat corporate results > On Tuesday July 19, 2011, 8:06 am > > By Ryan Vlastelica > > NEW YORK (Reuters) - Stock index futures rose on Tuesday after a slew of > upbeat corporate results, encouraging investors worried about macroeconomic > uncertainties. > > Dow components IBM added 2 percent to $178.75, while Bank of America was up > 1.1 percent to $9.83. > > International Business Machines Corp (NYSE:IBM - News) late Monday said new > business at its services division surged more than expected in the second > quarter, raising hopes 2011 would be a good year for the technology sector. > > Bank of America early Tuesday posted a second-quarter net loss of $8.8 > billion after a big settlement with mortgage bond investors. Excluding > charges, net income was $3.7 billion, but revenue tumbled 54 percent. > > Coca-Cola Co (NYSE:KO - News) reported slightly better-than-expected > quarterly results on Tuesday, helped by strong growth in emerging markets. > Johnson & Johnson (NYSE:JNJ - News) also posted quarterly results. > > "A lot of investors were worried that the recent soft patch we went through > here would show up in earnings, but IBM is showing that multinationals can > really fill the gap. That's encouraging," said Cort Gwon, chief strategist > at HudsonView Capital Management in New York. > > "The big concern with Bank of America was that they were going to have more > write-offs than anticipated from the settlement. But if they can put the > settlement behind them, they should do well." > > The latest reports followed strong results from JPMorgan Chase & Co > (NYSE:JPM - News) and Google Inc (NasdaqGS:GOOG - News) last week, though > those results were largely overshadowed by concerns tied to government debt > in the United States and Europe. > > S&P 500 futures rose 8 points and were above fair value, a formula that > evaluates pricing by taking into account interest rates, dividends and time > to expiration on the contract. Dow Jones industrial average futures added 72 > points and Nasdaq 100 futures rose 16.75 points. > > Earnings will remain in focus throughout the day, with reports from Goldman > Sachs Group Inc (NYSE:GS -News) and Apple Inc (NasdaqGS:AAPL - News). > > KeyCorp (NYSE:KEY - News) reported second-quarter earnings that beat > expectations as bad loans fell, while Harley-Davidson Inc (NYSE:HOG - News) > raised its shipments guidance, sending the stock up 3.8 percent before the > bell. > > Investors also awaited June housing starts data, due at 8:30 a.m. EDT <1230 > GMT>. Economists in a Reuters survey forecast a 575,000 annualized rate in > June versus 560,000 in May, and a total of 600,000 permits in June, compared > with 609,000 in the prior month. > > Two weeks before a final deadline, U.S. President Barack Obama and top > lawmakers faced more pressure for a debt deal amid a growing sense that a > last-ditch plan taking shape in Congress may be the only way to avoid a > devastating U.S. default. > > U.S. stocks dropped on Monday as bank shares bore the brunt of investor > frustration over governments' inability to solve debt crises in the United > States and Europe. > > (Editing by Jeffrey Benkoe) > > > http://finance.yahoo.com/news/Stock-futures-climb-on-upbeat-rb-2947839762.html?x=0 > > '+' > > >
