Written by |

Chris Cruises the Globe 7.23.2012

Even harder hit was the Hang Seng losing just about 3%, its worst day Since May. HSBC Holdings was
the big news hitting a 40 month low losing 5.7% today, an 8.6B dollar market value loss in China. China
Merchant Holdings also took a blow losing 5.9%.

European markets, as you may have guessed, were down. The FTSEurofirst shed 1.4% and in the heart of
the problem the Spanish Ibex lost 3.2%. European bank shares fell 4.4% and shares in Italian banks were
temporarily suspended from trading. While these fears are resurfacing in the market many know they
had never gone away.

The Eurozone’s government debt to GDP ratio stands at 88.2% at the end of the first quarter compared
to 87.3% and the end of Q4.

Futures appear to be hard hit before opening with crude losing almost 3%, natural gas and silver 1% and
1.5% respectively and gold .7%.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market.
Comments can be directed to ryghcw19@uww.edu

Written by |

Morning Rage 7.23.2012

Announcements today include the Chicago Fed National Activity Index and earnings
this morning from Mcdonalds, Haliburton, Hasbro and Coke.

The S&P 500 is down 1.01% from its rise last week due to troubles in Europe. 10-
year treasuries and Oil took an even bigger hit down 4.11% and 3.44% respectively.
The only bright spot is the dollar, up 0.41% at the open.

Make sure to check out our free Webinar tonight at 6:00pm and follow us on Twitter
@keeneonmarket!

Written by |

Doherty at the Close 7.20.2012

Chipotle (CMG) slumped 22%, the biggest drop on the S&P 500, after the restaurant operator’s quarterly revenue came in shy of expectations and customer traffic slowed.

In Europe, markets were broadly lower on concerns that Spain could be forced into a full-fledged sovereign bailout to ease the country’s debt burdens. The Valencia region of Spain said it plans to seek aid from the Spanish government, and a downward revision to Spanish growth expectations further compounded investor worries. The Stoxx Europe 600 fell 1.4%, while Spain’s IBEX-35 index tumbled 5.8%. The yield on benchmark 10-year Spanish bonds rose back above 7%.

Crude-oil futures fell 1.3% to settle at $91.44 a barrel, while gold futures added 0.2% to settle at $1582.50 a troy ounce. The U.S. dollar rose against the euro but lost ground against the yen. The yield on the 10-year U.S. Treasury bond fell to 1.459%.

Written by |

Halftime Report 7.20.2012

In my opinion today may be a great day to pick a top in equity indices after an irrational rally this past week. I would hold a position for a mid-term fall in the EUR/USD and S&P 500 index futures.

WTI crude futures erased some of yesterday’s gains by falling $1.45 to $91.21 after easing geopolitical concerns. Gold continues on its annual rise by gaining $4.10 to $1584.50.

Soybean futures continued to go parabolic by rising another 25.40 cents this morning on drought concerns.

Archer Daniels Midland Co. (ADM) lost .99% after seeing higher costs associated with grains prices.

Kayak (KYAK) rose over $5 this morning after its IPO price of $26.

SanDisk Corp (SNDK) gained over 13% after reporting weak earnings, but growing demand for the second half of the year.


David Cornes holds a degree in economics from the University of Montana.

Written by |

Movers and Shakers – CMG – 7.20.2012

Last night Chipotle reported quarterly earnings of $2.56 a share and revenues of $690.93 million. Analysts expected an EPS of 2.3 and revenues of $707.09 million. CMG reported a 61% rise in profit last quarter after stronger margins, developmental growth and increased sales. Although they posted growth, CMG said that they did not see as many customers in April as customers may be downgrading to lower quality and more affordable fast food restaurants due to our weak economy. Their customer base is still growing, just at a slower rate than previous time frames.

David Cornes holds a degree in economics from the University of Montana.

Written by |

Chris Cruises the Globe 7.20.2012

Europe is beginning the day down across the borders with the FTSE showing a .5% loss, however is still up for the week and has added 12% since June 4th. 15% of European companies due to report results have done so with average earnings up 6% above consensus. Vodafone fell 2.4% showing a drop in organic growth the first quarter. Nokia also fell, 4.6%, as a number of banks cut their target price. Scania, a truck maker, rose 4.7% due to a less than expected drop in sales orders. EADS gained 4% after being upgraded to buy by Goldman Sachs. The next wave of bad debt to hit lenders comes in the form of student loans. A report released yesterday showed defaults on private student loans was over 8B last year. They reported this was due to aggressive marketing by lenders over the past 10 years. Woes are weighing in the commodity market with crude, natural gas, and silver down and gold showing a spark of hope up just .06%. Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu

Written by |

Morning Rage 7.20.2012

In the news there are no reports or censuses being announced today so we will
move right along to the stock market. The S&P 500 is up 0.27% while 10-year
treasuries are down 2.63%. Oil is taking a hit as well, down 1.74%. The dollar holds
strong at an increase of 0.50%

Today the dispute between Viacom and DirecTv was finally settled. DirecTv
customers will now get 17 channels such as Comedy Central and MTV back.

Make sure to check out our free Webinar this Monday, July 23 and follow us on
Twitter @keeneonmarket!