Courtesy of Tyler Durden
- Copper climbs to 27-month high on Dollar concern; Zinc at nine-month peak.
- Home sales picked up in Sept, but long-term picture for housing is growing grimmer.
- Sweden’s Riksbank hikes key interest rate for a third time since July on stronger economy.
- UK growth probably weakened last quarter as BOE keeps ‘fingers crossed’.
- US Treasury draws negative yield for first time during 5-year TIPS auction.
- Aaron’s posts Q3 EPS of $0.32 (cons $0.30); revs rose 8.9% to $452.2M.
- Amgen’s Q3 net income fell 11% on higher operating costs, lower sales of key drugs.
- ArcelorMittal’s Q3 profit rose 48% to $1.35B; Revs up 30.1%. Warned the rest of the year to be tough.
- Bunge Ltd. in talks with banks to refinance $1.25B of loans maturing next year.
- Cabot Oil & Gas beats by $0.05, posts Q3 EPS of $0.31. Revs up 5.9% at $219.1M.
- Crane beats by $0.05, raises EPS view for FY10 to $2.50-2.60 (prev $2.35-2.50).
- Digital River f’cast 2010 EPS of at least $0.87, compared to avg est. of $0.77.
- Goldman to sell $250M of 50-yr bonds, targeted toward individual investors.
- Ingersoll-Rand reported a 7.2% rise in Q3 earnings; boosted its full-year profit f’cast.
- JPMorgan, BofA subpoenaed over foreclosures by Texas Attorney General Abbott.
- Lorillard’s Q3 net rose 17% to $274M on higher prices and shipments.
- Luxottica’s Q3 net rises 35% to $142M as sales rose 20% on higher demand in US.
- MGM Resorts plans $500M sale of six-year notes.
- Merck sees 3Q earnings rise 46%.
- Owens & Minor beats by a cent, posts Q3 EPS of $0.50. Revs rose 1.4% to $2.06B.
- Popular online travel cos oppose Google’s proposed $700M purchase of ITA Software.
- RadioShack’s Q3 profit rose 23% to $46M despite lower margins on 6.2% rise in revs.
- Rent-A-Center sees Q4 EPS at $0.64-0.70 vs. cons est. of $0.67.
- Sonoco Products plans $350M of 30-year debt.
- Staples sees Q3 EPS in-line; reaffirms FY11 guidance; sees FY12 EPS in-line.
- UBS swung to a Q3 profit of $1.71B, sees a better Q4.
- United Stationers increases share repurchase authorization by additional $100M.
- Walgreen said to be seeking sale of pharmacy-benefits management unit.
Economic Calendar: Data on Case-Shiller 20-city Index, Consumer Confidence & FHFA Home Price Index to be released today.
Earnings Calendar: AGCO, AKS, AMTD, ASH, BIIB, BMY, CIT, CMI, CNC, COH, DD, ECL, F, FISV, HSP, JCI, LXK, MEE, MT, MYL, RFMD, SHW, UBS, VLO, X.
RECENT RATING ACTIONS
ITALY (2103Z IM)
AMGEN INC (AMGN)
NORTHERN TRUST CORP (NTRS)
PNC FINANCIAL SERVICES (PNC)
NORTHERN TRUST CORP (NTRS)
THOMAS & BETTS CORP (TNB)
ROPER INDUSTRIES INC (ROP)
LOCKHEED MARTIN CORP (LMT)
EASTMAN CHEMICAL CO (EMN)
RADIOSHACK CORP (RSH)
COMMSCOPE INC (CTV)
ITALY (2103Z IM)
Data provided by Egan-Jones