In Case You Missed Thursday
by Michael Goodman | March 4, 2011 4:44 am
Hey now!
- Stocks took advantage of some moderation in oil prices and shot nearly 2% higher, quickly bringing the S&P 500 to less than 1% away from hitting another 2011 high. The flight away from safety trade was on with gold and silver both retreating from all-time and 30-ish-year-highs set on Wednesday. Bonds sold off as well, and the 10-year note yield jumped back up to 3.57%. Recently beaten-down sectors like airlines and travel/tourism had their day in the sun, as did tech and small-caps, which both outperformed.
- After the closing bell, Spreadtrum Communications (NASDAQ:SPRD[1]) jumped 16% in after-hours trading following the company beating analysts’s fourth-quarter earnings announcement, and guiding the Street higher for first-quarter revenue. Shares of Marvell (NASDAQ:MRVL[2]) were off 4.6% after the company missed fourth-quarter estimates and said first-quarter profit and revenue would come in below current expectations. Wal-Mart (NYSE:WMT[3]) boosted its annual dividend by 21%.
- On Friday, you have your February employment report, which in a normal week, can often mean a lot of sideways trading ahead of the announcement. This week, not so much. The consensus is looking for a nonfarm payroll addition of 185,000 and for the unemployment rate to tick up to 9.1%
OUT THERE SOMEWHERE:
- No personal privacy rights[4] for companies.
- The New York Fed[5] going rogue?
- Not a great sign for state tax revenue[6].
- And with that, another sad new high[7] for U.S. food stamp participation.
- Hope you enjoyed[8] the dollar’s reign.
- Asia gets on shoring up oil [9]reserves.
- Black Swan author back with another one; does Chuck Rose[10].
- One day, oil exports[11] will be toast.
- Is Google’s (NASDAQ:GOOG[12]) Android smartphone software[13] doing better with the youngsters?
- Barry Ritholtz makes one indisputable point[14]: The Cramer abides.
- Big-box retailers rethinking the big[15] part.
- March Madness[16] coming to the iPad, for free.
- When in doubt, get more sleep[17].
Endnotes:
- SPRD: http://studio-5.financialcontent.com/investplace/quote?Symbol=SPRD
- MRVL: http://studio-5.financialcontent.com/investplace/quote?Symbol=MRVL
- WMT: http://studio-5.financialcontent.com/investplace/quote?Symbol=WMT
- personal privacy rights: http://www.rawstory.com/rs/2011/03/02/supreme-court-corporations-dont-have-personal-privacy-rights/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story%29
- New York Fed: http://baselinescenario.com/2011/03/03/is-the-new-york-fed-making-a-serious-mistake-on-bank-dividends/
- state tax revenue: http://www.reuters.com/article/2011/03/03/usa-states-taxes-idUSN0314637520110303
- new high: http://www.zerohedge.com/article/charles-ponzi-day-we-celebrate-another-all-time-record-food-stamp-usage
- enjoyed: http://online.wsj.com/article/SB10001424052748703313304576132170181013248.html?mod=WSJ_hp_mostpop_read
- oil : http://www.ft.com/cms/s/0/7fec8ae8-44fe-11e0-80e7-00144feab49a.html#axzz1FZS9ihHm
- does Chuck Rose: http://www.charlierose.com/view/interview/11516
- oil exports: http://www.scribd.com/doc/49428374/ETP1-final-released-20110203
- GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG
- Android smartphone software: http://blog.nielsen.com/nielsenwire/online_mobile/who-is-winning-the-u-s-smartphone-battle/
- indisputable point: http://www.ritholtz.com/blog/2011/03/smackdown-vigna-vs-cramer/
- rethinking the big: http://online.wsj.com/article/SB10001424052748704728004576176601936377760.html
- March Madness: http://mediamemo.allthingsd.com/20110302/march-madness-comes-to-the-ipad-for-free/
- get more sleep: http://blogs.hbr.org/schwartz/2011/03/sleep-is-more-important-than-f.html
Source URL: https://investorplace.com/2011/03/in-case-you-missed-thursday-3/