Tuesday, April 22, 2014

Facebook Share strengthened, U.S. Exchange Continues Commuting

Stocks on Wall Street ended higher on Tuesday ( 22/04/2014 ) local time (Wednesday morning GMT ) , supported a positive earnings report and a great deal of pharmaceutical sector , sending the sixth day winning streak for the S & P 500 and the Nasdaq composite index .
The Dow Jones Industrial Average closed up 65.12 points ( 0.40 percent ) at 16,514.37 , the third day in a row a profit .

The S & P 500 added 7.66 points ( 0.41 percent) at 1879.55 , while the Nasdaq rose 39.91 points ( 0.97 percent) to 4161.46 .

The reports strong earnings , among others, come from Comcast , Lockheed Martin , Netflix , Travelers and Xerox .

" If you look at the overall market , we saw a lot of surprises in terms of earnings , " said David Levy , portfolio manager at Kenjol Capital Management .
" Market sentiment seems to have turned much more positive , " he said .

Levy said technology stocks has resurfaced as a leader after falling for most of March and early April . These include Facebook , which rose 2.9 percent , Tesla Motors rose 7.0 percent and 1.8 percent increases Gilead Sciences .

Netflix streaming video company surged 7.0 percent as quarterly earnings exceeded one billion dollars and the company added four million new customers .

Valeant Pharmaceuticals , backed by activist shareholder William Ackman , offered to take over the maker of Botox , Allergan , worth more than 45 billion U.S. dollars . Valeant rose 7.5 percent , while Allergan rose 15.3 percent .

Member of the Dow , McDonald , reported a 5.2 percent drop in profit to 1.2 billion U.S. dollars , translated to 1.26 dollars per share , three cents below expectations . McDonald's shares slumped 0.4 percent .

Comcast Earnings came in 68 cents per share on revenue of 17.4 billion dollars , beating analyst estimates on both counts . The company said the Sochi Olympics broadcast by NBCUniversal unit " very successful . " Comcast shares rose 1.9 percent .
( Read: perawatan pleci )

SunEdison solar cell companies jumped 11.9 percent after a report that activist investor David Einhorn of Greenlight Capital has taken a position in the company .

source:http://www.kompas.com/

No comments:

Post a Comment