Stock message boards
MNV
Market News Video
MNV MNV 10 Stocks Crossing Below Book Value
MNV
MNV
MNV
MNV
MNV
MNV
MNV


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
MNV Backgroundemail friendsEmail Friendsembed / linkEmbed VideorssRSS Feed standaloneLaunch Standalone Player
Sponsored by: Try ValueForum, the premier value and income stock picking community. Learn about the $5.99 trial
QuoteVF is about the atypical investments that the majority
of investors have not discovered.
more testimonials »

SDI Weekly Market Roundup: 5/29/2009
Friday, May 29, 5:27 PM ET

Oil prices rocketed higher this week along with Wall Street and led by energy shares. GM resolves issues ahead of bankruptcy deadlines.

I’m Nichole Dossous with the “Weekly Market Wrap” on May 29, 2009.

The S&P 500 CLIMBED 3.6 percent this week to close at 919.15.

The Dow Jones Industrial Average was also UP this week by 2.7 percent, closing at 8500.33.

The NASDAQ ended the week HIGHER by 4.9 percent to 1774.33.

Crude-oil futures hit a six month high rising above $66 a barrel this morning, and up 13 percent for the week. Economists are concerned that economic recovery might be short circuited by higher energy prices. Higher prices for oil are believed to be caused by a weakening U.S. dollar, OPEC keeping current production quotas, and surprising declines in U.S. inventories.

GOLD prices hit a three-month high today. A falling U.S. dollar combined with a firming of gold purchases in India during the wedding season are believed to be responsible for the move up. Prices settled above $975 an ounce.

The U.S. economy dropped sharply again in the first quarter to a revised minus 5.7 percent annual rate after dropping 6.3% in the fourth quarter according to the Commerce Department.

Investment in housing dropped at the speediest rate in 29 years as did domestic demand. Exports set a 38 year record rate of decline. Business investment decreased at a record quarterly rate as well.

The negative 5.7 percent annualized estimate for GDP was slightly stronger than the initial estimate of a 6.1 percent a month ago. Consensus estimates forecasted a 5.5 percent decline for the quarter.

General Motors (NYSE:GM) reportedly reached a new debt-swap deal with bondholders and a cost-cutting deal with the United Auto Workers today. Traders see this leading to a speedier bankruptcy process for GM.

Several companies reported quarterly earnings this week, led by strong earnings by Canadian banks.

The Bank of Montreal (NYSE:BMO) posted 93 Canadian cents a share for the quarter, beating consensus estimates of 86 cents a share.

Bank of Nova Scotia (NYSE:BNS) reported earnings of 81 Canadian cents a share, beating estimates by 2 cents.

The Royal Bank of Canada (NYSE:RY) surprised investors today with quarterly earnings of 97 Canadian cents a share, ahead of analyst’s estimate of 91 Canadian cents.

Toronto Dominion Bank (NYSE:TD) reported earnings of $1.23 Canadian, beating estimates by 8 cents.

HJ Heinz (HNZ) earnings met analyst estimates of 55 cents per share, though they were down from 61 cents a year ago.

Frontline (NYSE:FRO) announced they are maintaining their dividend at 25 cents a share on the strength of quarterly earnings of 97 cents a share, beating estimates of 70 cents.

This is the “Weekly Market Wrap” for May 29 and I’m Nichole Dossous. Please join us on Monday with the “Weekly Market Ahead” report and have a great weekend.

SDI Weekly Market Roundup: 5/29/2009 picture
Tuesday 10/21 Insider Buying Report: UFPITuesday 10/21 Insider Buying Report: UFPI
Related symbols: UFPI
Tuesday 10/21 Insider Buying Report: ARDCTuesday 10/21 Insider Buying Report: ARDC
Related symbols: ARDC
Monday 10/20 Insider Buying Report: KMGMonday 10/20 Insider Buying Report: KMG
Related symbols: KMG
10 Bargains You Can Buy Cheaper Than Insiders Did
Top Ranked Dividend Stocks With Insider Buying
10 Stocks Crossing Below Book Value
10 Oversold Stocks You Need To Know About
10 Stocks Crossing Above Their 200 Day Moving Average
10 Stocks Crossing Below Their 200 Day Moving Average
The 10 Most Popular Large-Caps in ETFs
The Top 10 DividendRank'ed DJIA Components
S&P 500 Movers: KO, WATS&P 500 Movers: KO, WAT
Related symbols: KO,WAT
Nasdaq 100 Movers: SPLS, ILMNNasdaq 100 Movers: SPLS, ILMN
Related symbols: SPLS,ILMN
Dow Movers: KO, CATDow Movers: KO, CAT
Related symbols: KO,CAT
S&P 500 Analyst Moves: FTIS&P 500 Analyst Moves: FTI
Related symbols: FTI
Stock message boards
Self Directed Investor
The Warren Buffetts Next Door
S&P 500 Analyst Moves: ECLS&P 500 Analyst Moves: ECL
Related symbols: ECL
S&P 500 Analyst Moves: REGNS&P 500 Analyst Moves: REGN
Related symbols: REGN
Tuesday Sector Laggards: Metals & Mining, Education & Training ServicesTuesday Sector Laggards: Metals & Mining, Education & Training Services
Related symbols: RNO,SCOK,ESI,EDMC
Monday Sector Leaders: Metals & Mining, Education & Training ServicesMonday Sector Leaders: Metals & Mining, Education & Training Services
Related symbols: SCOK,ANR,ESI,EDMC
Monday Sector Laggards: Aerospace & Defense, RailroadsMonday Sector Laggards: Aerospace & Defense, Railroads
Related symbols: ATRO,ESLT,CSX,CP
Tuesday's ETF with Unusual Volume: FTATuesday's ETF with Unusual Volume: FTA
Related symbols: FTA,RF,F,CCL,IBM
Tuesday's ETF Movers: IYT, ILFTuesday's ETF Movers: IYT, ILF
Related symbols: LUV,KEX,PBR.A,BBD,ILF,IYT
RWM, VIXY: Big ETF OutflowsRWM, VIXY: Big ETF Outflows
Related symbols: RWM,VIXY
Daily Dividend Report: AAPL, ABBV, AEP, WPZ, LLY, SO, NSC, EXC, ETN, NBL, WHR, CCE, LLL, HLSDaily Dividend Report: AAPL, ABBV, AEP, WPZ, LLY, SO, NSC, EXC, ETN, NBL, WHR, CCE, LLL, HLS
Related symbols: AAPL,ABBV,AEP,WPZ,LLY,SO,NSC,EXC,ETN,NBL,WHR,CCE,LLL,HLS
Daily Dividend Report: HAL, VFC, ERF, AMGN, NEE, MOS, SJM, SEEDaily Dividend Report: HAL, VFC, ERF, AMGN, NEE, MOS, SJM, SEE
Related symbols: HAL,VFC,ERF,AMGN,NEE,MOS,SJM,SEE
Daily Dividend Report: HBAN, OHI, B, SLB, MS, DFS, PPG, SNDK, EDDaily Dividend Report: HBAN, OHI, B, SLB, MS, DFS, PPG, SNDK, ED
Related symbols: HBAN,OHI,B,SLB,MS,DFS,PPG,SNDK,ED
Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: October 17, 2014Weekly Market Wrap: October 17, 2014
Related symbols: AMD,BAC,AAPL,GE,JNJ,PAYX,CCL,SWK
Weekly Market Wrap: October 10, 2014Weekly Market Wrap: October 10, 2014
Related symbols: BAC,MU,INTC,GTAT,CAT,WAG,F,KRFT,ALG
Weekly Market Wrap: October 3, 2014Weekly Market Wrap: October 3, 2014
Related symbols: COP,GLW,PSX,MUR,IR,BAC,AAPL,MDT
Week Ahead Market Report: October 20, 2014Week Ahead Market Report: October 20, 2014
Related symbols: BAC,AAPL,PFE,AOS,KMB,ABT,DOW,GM,MMM,AAL,DPS,LLY,LO,B,CL,PG,UPS
About The Week Ahead Market ReportAbout The Week Ahead Market Report
Week Ahead Market Report: October 13, 2014Week Ahead Market Report: October 13, 2014
Related symbols: BAC,CSX,AAPL,FB,SIRI,C,JPM,INTC,AXP,EBAY,NFLX,AMD,BHI,COF,BK,GE,MS
All videos » |  Stock market definitions »
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  Econonomic News  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Chart Zero Stock Market Game Stock Market Definitions
MNV

SDI Weekly Market Roundup: 5/29/2009 | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.