Daily Market Commentary for April 24, 2008 from Millennium-Traders.Com
Todays top stock pick goes to NewMarket Corporation (NYSE: NEU) with a trading range during the trading day of 14 points to post a loss at the close of the day in excess of 16 points. Earnings released after the closing bell of the regular stock market session Tuesday provided the go ahead to slam the stock. (read more)
At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:
DOW (Dow Jones Industrial Average) gain of 85.73 points on the day to end the session at 12,848.95
NYSE (New York Stock Exchange) gain of 12.93 points to end the session at 9,250.22
NASDAQ gain of 23.71 points for a close at 2,428.92
S&P 500 gain of 8.89 points for a close at 1,388.82
FTSE All-World ex-U.S. loss of 0.88 points to close at 249.15
FTSE RAFI 1000 gain of 73.00 points to close at 5,600.84
BEL 20 loss of 11.93 points on the day to end the session at 3,867.22
CAC 40 loss of 15.1 points on the day to end the session at 4,929.55
FTSE100 loss of 32.9 points on the day to end the session at 6,050.70
NIKKEI 225 loss of 38.3 points on the day to end the session at 13,540.90
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,994; declined stocks 1,175; unchanged stocks 74; stocks hitting new highs 43; stocks hitting new lows 47.
Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today:
Goldman Sachs Group Incorporated (NYSE: GS) gained 9.44 points on the trading day, high on the trading day $189.39, low on the trading day $179.36, for a closing price at $188.79;
NewMarket Corporation (NYSE: NEU) shed 16.96 points on the trading day, high on the trading day $84.83, low on the trading day $70.60, for a closing price at $71.36;
Rio Tinto plc (NYSE: RTP) shed 23.21 points on the trading day, high on the trading day $491.94, low on the trading day $482.62, for a closing price at $489.99;
Bunge Limited (NYSE: BG) gained 0.80 points on the trading day, high on the trading day $123.44, low on the trading day $111.05, for a closing price at $120.56;
Royal Caribbean Cruises Limited (NYSE: RCL) shed 1.16 points on the trading day, high on the trading day $32.22, low on the trading day $30.11, for a closing price at $31.59;
Oil Services HOLDRs (NYSE: OIH) shed 4.30 points on the trading day, high on the trading day $204.75, low on the trading day $198.71, for a closing price at $201.83;
Agrium Incorporated (NYSE: AGU) shed 2.05 points on the trading day, high on the trading day $88.49, low on the trading day $81.97, for a closing price at $84.73;
Mechel Open Joint Stock Company (NYSE: MTL) shed 8.89 points on the trading day, high on the trading day $156.50, low on the trading day $146.00, for a closing price at $147.72;
Monsanto Company (NYSE: MON) shed 6.66 points on the trading day, high on the trading day $125.90, low on the trading day $118.10, for a closing price at $118.92;
Transocean, Incorporated (NYSE: RIG) shed 4.91 points on the trading day, high on the trading day $155.72, low on the trading day $151.86, for a closing price at $151.86;
Mosaic Corporation (NYSE: MOS) shed 10.89 points on the trading day, high on the trading day $134.24, low on the trading day $121.12, for a closing price at $122.38;
CF Industries Holdings, Incorporated (NYSE: CF) shed 10.48 points on the trading day, high on the trading day $149.00, low on the trading day $135.17, for a closing price at $137.61;
Potash Corporation of Saskatchewan, Incorporated (NYSE: POT) shed 10.22 points on the trading day, high on the trading day $206.75, low on the trading day $187.74, for a closing price at $193.90;
Terra Nitrogen Company, Limited Partnership (NYSE: TNH) shed 2.68 points on the trading day, high on the trading day $155.94, low on the trading day $142.80, for a closing price at $145.52.
News on the NASDAQ today: advanced stocks 1,853; declined stocks 1,043; unchanged stocks 140; stocks hitting new highs 24; stocks hitting new lows 100.
Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today:
Equinix Incorporated (NasdaqGS: EQIX) gained 5.25 points on the trading day, high on the trading day $91.09, low on the trading day $86.30, for a closing price at $86.53;
Apple Incorporated (NasdaqGS: AAPL) gained 6.05 points on the trading day, high on the trading day $169.98, low on the trading day $159.19, closing price $168.94;
First Solar, Incorporated (NasdaqGS: FSLR) shed 2.42 points on the trading day, high on the trading day $290.92, low on the trading day $275.25, for a closing price at $283.61;
Baidu.com, Incorporated (NasdaqGS: BIDU) shed 7.66 points on the trading day, high on the trading day $353.77, low on the trading day $340.00, closing price $342.00.
News on the American Stock Exchange (AMEX) today: advanced stocks 596; declined stocks 562; unchanged stocks 108; stocks hitting new highs 17; stocks hitting new lows 31.
U.S. March Durable Goods Orders fell 0.3% compared to consensus of an increase by 0.3%; March Durable Goods Orders, Excluding-Transportation increased by 1.5%; March Durable Goods Orders, Excluding-Defense increased by 0.3%; February Durable Goods Orders Revised to a decrease by 0.9% from a decrease by 1.1%.
U.S. Jobless Claims fell by 33K to 342K for week of April 19 compared to survey of an increase by 3K; U.S. Continuing Claims for week of April 12 fell 65K to 2,934,000; U.S. Jobless Claims for week of April 12 revised to 375K from 372K.
U.S. March New Home Sales fell by 8.5% to 526,000 compared to consensus of 579,000; U.S. February New Home Sales revised down to 575,000 from 590,000; U.S. New Home Sales lowest since October 1991; U.S. New Home Supply at 11 Months, highest since September 1981.
U.S. Conference Board March Help-Wanted Index came in at 19 versus February reading at 21.
Commodities Markets
Energy Sector:
Light Crude (NYM) shed $2.24 on the day to close at $116.06 a barrel ($US per bbl.); Heating Oil (NYM) shed $0.06 on the day to close at $3.25 a gallon ($US per gal.); Natural Gas (NYM) shed $0.01 on the day to close at $10.94 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.03 on the day to close at $3.02 a gallon ($US per gal.).
Metals Markets:
Gold (CMX) shed $19.60 to close at $889.40 ($US per Troy oz.); Silver (CMX) shed $0.51 to close at $16.77 ($US per Troy oz.); Platinum (NYM) shed $48.10 to close at $1,970.70 ($US per Troy oz.) and Copper (CMX) shed $0.03 to close at $3.88 ($US per lb.).
Livestock and Meat Markets (cents per lb.):
Lean Hogs (CME) shed 0.43 to close at 75.00; Pork Bellies (CME) gained 1.95 to close at 77.20; Live Cattle (CME) shed 0.20 to close at 92.68; Feeder Cattle (CME) gained 0.63 to close at 110.55.
Other Commodities (cents per bu.):
Corn (CBT) shed 12.00 to close the session at 589.50 and Soybeans (CBT) shed 24.50 to close the session at 1,361.00.
Bonds were higher across the board today:
2 year bond shed 11/32 to close at 99 15/32 with a Yield of 2.39, Yield Change +0.20; 5 year bond shed 21/32 to close at 97 8/32 with a Yield of 3.10, Yield Change +0.15; 10 year bond shed 24/32 to close at 97 10/32 with a Yield of 3.83, Yield Change +0.10; the 30 year bond shed 29/32 to close at 97 29/32 on the day with a Yield of 4.55, Yield Change +0.06.
The e-mini Dow $5 ended the commodity session today at 12,853 with a gain of 105 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.
Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.
Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.
Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.
Thanks for reading
Millennium-Traders.Com
Todays top stock pick goes to NewMarket Corporation (NYSE: NEU) with a trading range during the trading day of 14 points to post a loss at the close of the day in excess of 16 points. Earnings released after the closing bell of the regular stock market session Tuesday provided the go ahead to slam the stock. (read more)
At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:
DOW (Dow Jones Industrial Average) gain of 85.73 points on the day to end the session at 12,848.95
NYSE (New York Stock Exchange) gain of 12.93 points to end the session at 9,250.22
NASDAQ gain of 23.71 points for a close at 2,428.92
S&P 500 gain of 8.89 points for a close at 1,388.82
FTSE All-World ex-U.S. loss of 0.88 points to close at 249.15
FTSE RAFI 1000 gain of 73.00 points to close at 5,600.84
BEL 20 loss of 11.93 points on the day to end the session at 3,867.22
CAC 40 loss of 15.1 points on the day to end the session at 4,929.55
FTSE100 loss of 32.9 points on the day to end the session at 6,050.70
NIKKEI 225 loss of 38.3 points on the day to end the session at 13,540.90
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,994; declined stocks 1,175; unchanged stocks 74; stocks hitting new highs 43; stocks hitting new lows 47.
Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today:
Goldman Sachs Group Incorporated (NYSE: GS) gained 9.44 points on the trading day, high on the trading day $189.39, low on the trading day $179.36, for a closing price at $188.79;
NewMarket Corporation (NYSE: NEU) shed 16.96 points on the trading day, high on the trading day $84.83, low on the trading day $70.60, for a closing price at $71.36;
Rio Tinto plc (NYSE: RTP) shed 23.21 points on the trading day, high on the trading day $491.94, low on the trading day $482.62, for a closing price at $489.99;
Bunge Limited (NYSE: BG) gained 0.80 points on the trading day, high on the trading day $123.44, low on the trading day $111.05, for a closing price at $120.56;
Royal Caribbean Cruises Limited (NYSE: RCL) shed 1.16 points on the trading day, high on the trading day $32.22, low on the trading day $30.11, for a closing price at $31.59;
Oil Services HOLDRs (NYSE: OIH) shed 4.30 points on the trading day, high on the trading day $204.75, low on the trading day $198.71, for a closing price at $201.83;
Agrium Incorporated (NYSE: AGU) shed 2.05 points on the trading day, high on the trading day $88.49, low on the trading day $81.97, for a closing price at $84.73;
Mechel Open Joint Stock Company (NYSE: MTL) shed 8.89 points on the trading day, high on the trading day $156.50, low on the trading day $146.00, for a closing price at $147.72;
Monsanto Company (NYSE: MON) shed 6.66 points on the trading day, high on the trading day $125.90, low on the trading day $118.10, for a closing price at $118.92;
Transocean, Incorporated (NYSE: RIG) shed 4.91 points on the trading day, high on the trading day $155.72, low on the trading day $151.86, for a closing price at $151.86;
Mosaic Corporation (NYSE: MOS) shed 10.89 points on the trading day, high on the trading day $134.24, low on the trading day $121.12, for a closing price at $122.38;
CF Industries Holdings, Incorporated (NYSE: CF) shed 10.48 points on the trading day, high on the trading day $149.00, low on the trading day $135.17, for a closing price at $137.61;
Potash Corporation of Saskatchewan, Incorporated (NYSE: POT) shed 10.22 points on the trading day, high on the trading day $206.75, low on the trading day $187.74, for a closing price at $193.90;
Terra Nitrogen Company, Limited Partnership (NYSE: TNH) shed 2.68 points on the trading day, high on the trading day $155.94, low on the trading day $142.80, for a closing price at $145.52.
News on the NASDAQ today: advanced stocks 1,853; declined stocks 1,043; unchanged stocks 140; stocks hitting new highs 24; stocks hitting new lows 100.
Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today:
Equinix Incorporated (NasdaqGS: EQIX) gained 5.25 points on the trading day, high on the trading day $91.09, low on the trading day $86.30, for a closing price at $86.53;
Apple Incorporated (NasdaqGS: AAPL) gained 6.05 points on the trading day, high on the trading day $169.98, low on the trading day $159.19, closing price $168.94;
First Solar, Incorporated (NasdaqGS: FSLR) shed 2.42 points on the trading day, high on the trading day $290.92, low on the trading day $275.25, for a closing price at $283.61;
Baidu.com, Incorporated (NasdaqGS: BIDU) shed 7.66 points on the trading day, high on the trading day $353.77, low on the trading day $340.00, closing price $342.00.
News on the American Stock Exchange (AMEX) today: advanced stocks 596; declined stocks 562; unchanged stocks 108; stocks hitting new highs 17; stocks hitting new lows 31.
U.S. March Durable Goods Orders fell 0.3% compared to consensus of an increase by 0.3%; March Durable Goods Orders, Excluding-Transportation increased by 1.5%; March Durable Goods Orders, Excluding-Defense increased by 0.3%; February Durable Goods Orders Revised to a decrease by 0.9% from a decrease by 1.1%.
U.S. Jobless Claims fell by 33K to 342K for week of April 19 compared to survey of an increase by 3K; U.S. Continuing Claims for week of April 12 fell 65K to 2,934,000; U.S. Jobless Claims for week of April 12 revised to 375K from 372K.
U.S. March New Home Sales fell by 8.5% to 526,000 compared to consensus of 579,000; U.S. February New Home Sales revised down to 575,000 from 590,000; U.S. New Home Sales lowest since October 1991; U.S. New Home Supply at 11 Months, highest since September 1981.
U.S. Conference Board March Help-Wanted Index came in at 19 versus February reading at 21.
Commodities Markets
Energy Sector:
Light Crude (NYM) shed $2.24 on the day to close at $116.06 a barrel ($US per bbl.); Heating Oil (NYM) shed $0.06 on the day to close at $3.25 a gallon ($US per gal.); Natural Gas (NYM) shed $0.01 on the day to close at $10.94 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.03 on the day to close at $3.02 a gallon ($US per gal.).
Metals Markets:
Gold (CMX) shed $19.60 to close at $889.40 ($US per Troy oz.); Silver (CMX) shed $0.51 to close at $16.77 ($US per Troy oz.); Platinum (NYM) shed $48.10 to close at $1,970.70 ($US per Troy oz.) and Copper (CMX) shed $0.03 to close at $3.88 ($US per lb.).
Livestock and Meat Markets (cents per lb.):
Lean Hogs (CME) shed 0.43 to close at 75.00; Pork Bellies (CME) gained 1.95 to close at 77.20; Live Cattle (CME) shed 0.20 to close at 92.68; Feeder Cattle (CME) gained 0.63 to close at 110.55.
Other Commodities (cents per bu.):
Corn (CBT) shed 12.00 to close the session at 589.50 and Soybeans (CBT) shed 24.50 to close the session at 1,361.00.
Bonds were higher across the board today:
2 year bond shed 11/32 to close at 99 15/32 with a Yield of 2.39, Yield Change +0.20; 5 year bond shed 21/32 to close at 97 8/32 with a Yield of 3.10, Yield Change +0.15; 10 year bond shed 24/32 to close at 97 10/32 with a Yield of 3.83, Yield Change +0.10; the 30 year bond shed 29/32 to close at 97 29/32 on the day with a Yield of 4.55, Yield Change +0.06.
The e-mini Dow $5 ended the commodity session today at 12,853 with a gain of 105 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.
Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.
Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.
Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.
Thanks for reading
Millennium-Traders.Com
