| USmarket Next session and next record! However probability of big correction only increases. |
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11:47 10/27/2006 |
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Having fixed next, the thirteenth historical record, the oldest exchange indicator Dow Jones Industrial Average as though called cautious investors also to join to trade.
In analysts’ opinion the reason of growth this time became some factors. First, the corporate sector continues to surprise investors with the positive quarterly reports. Secondly, last economic report on durable orders confirmed the script of support of interest rates by the central bank of the USA at a current level. We remind that expectations of possible renewal of a cycle of increases of the interest rate influenced negatively on the share market. Thirdly, key indexes are supported by drop in oil quotations. We remind that oil futures fell in price at the tenders on Thursday after rise of quotations in the afternoon the day before. December future contract was down $1,04 to $60,36 a barrel.
As a whole, on results of week, shares of the companies of the highly technological industries, specializing on Internet and the company of semi-conductor sector of economy, looked especially convincing. So, leaders of week growth became Amazon company which added + 1,6 % on Thursday, and + 16,9 % since the beginning of week. Yesterday eBay company increased its capitalization by + 2,2 %, and by+ 7,4 % since the beginning of week. On results of the last 4 trading sessions among leaders of growth there were Yahoo papers, grown yesterday + 3,2 %, and 8,7 % since Monday. Advanced Micro Devices shares grew + 3,2 % on Thursday and + 6,7 % from the beginning of week. And National Semiconductor company added +2,2 %, and + 5,7 % since Monday.
And the leader of growth of yesterday's trading session were papers of the companies - developers, manufacturers and advisers of Internet. So, F5 Networks Inc shares after increase of expected sales volumes, were up +14,64 %, or $8,51 on Thursday and were closed at a level $66,63 for a share. And Equinix Inc.papers rose in price +3,33 %, or $2,28 up to $70,65. And Foundry Networks Inc. shares rose +3,27 %, or $0,41 up to $12,95 for a share. Thus on a background of unexpectedly high financial results of the third quarter Comcast Corp. shares grew +3,20 %, or $1,24 up to $40,00.
Share indexes were also supported by positive reports of the companies of a various structure. So, papers of footwear producers showed good dynamics by results of a day. After Skechers company exceeded expected quarter results and raised results of current quarter, its shares added at once +12,53 %, having growing $3,39 up to $30,44 for a share. Also, after the publication of excellent quarter financial results and correction upwardly of expected results of the fourth quarter, K-Swiss shares were up at once +16 %, having risen in price $5,11 up to $37,15. And Nike Inc. shares rose +0,34 %, or $0,32 up to $$ 93,67 for a share.
We also remind that before opening of the tenders bio-technological company Celgene Corp. informed that earned for the shareholders 15 cents for a share, that is 400 % above last year's result and 1 cent above forecasts. Thus the proceeds increased 89 % up to $244,8 million. As a result, having stopped five-day falling, Celgene Corp. shares directed upwards, having added at once +12,46 %, or $5,50 up to $49,64.
As a result Dow-Jones index of New York stock exchange was up 24.10 points and is at a level 12158.78. NASDAQ index grew 21.24 points and is at a level 2377.83. S&P 500 index rose 6.63 points and is at a level 1388.85. And 30-years US Treasury notes’ yield fell 0.056 in comparison with the previous closing and makes 4.841.
We still wait for significant correction of key stock indexes, therefore we recommend to remain outside the market.
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