एनएसई पर वी-मार्ट रिटेल की लिस्टिंग 214 रुपये पर हुई है। जबकि शेयरों का इश्यू प्राइस 210 रुपये तय किया गया था। अच्छी लिस्टिंग के बाद वी-मार्ट रिटेल के शेयर 3.2 फीसदी गिरकर 203 रुपये पर बंद हुए।वी-मार्ट रिटेल के आईपीओ का प्राइस बैंड 195-215 रुपये था। निवेशकों में इश्यू को लेकर कोई खास जोश नहीं दिखा था और इश्यू कुल 1.25 गुना ही सब्सक्राइब हुआ था।वी-मार्ट रिटेल ने इश्यू के जरिए 90 करोड़ रुपए जुटाए हैं और इस रकम का इस्तेमाल क्षमता विस्तार पर होगा।वी मार्ट रिटेल के सीएमडी ललित अग्रवाल का कहना है कि कंपनी के फिलहाल 62 स्टोर हैं और मार्च तक कंपनी 7 नए स्टोर खोलेगी।कंपनी आईपीओ से जुटाई रकम से 2.5 साल में 60 नए स्टोर खोलेगी। कंपनी की बैलेंसशीट में फिलहाल 45 करोड़ रुपये का कैश है।For more Information Plz log on to www.rpshares.com
घरेलू बाजार में सोने का भाव 30,000 रुपये के नीचे आ गया है। हाजिर बाजार में सोना 29,800 रुपये तक आ गया है। दरअसल अंतर्राष्ट्रीय बाजार में गिरावट और रुपये में मजबूती से घरेलू बाजार में सोने की कीमतों पर दबाव बढ़ गया है। दुनिया भर के बड़े निवेशक सोने में मुनाफावसूली कर रहे हैं। यहां तक कि दुनिया के सबसे बड़े गोल्ड ईटीएफ, एसपीडीआर गोल्ड की होल्डिंग गिरकर 5 महीने के निचले स्तर पर आ गई है।इस बीच थाईलैंड से सोना आयात करना मुश्किल हो सकता है। वाणिज्य मंत्रालय ने कहा है कि कम ड्यूटी पर थाईलैंड से आयात होने वाले सोने पर रोक लगाई जाएगी। मंत्रालय ने अपनी प्रेस रिलीज में कहा है कि थाईलैंड से सोने के आयात पर रोक लगाने के लिए रेवेन्यू डिपार्टमेंट जल्द नोटिफिकेशन जारी करेगा।फिलहाल एमसीएक्स पर सोना करीब 1 फीसदी की गिरावट के साथ 29,800 रुपये के नीचे कारोबार कर रहा है। वहीं चांदी 1 फीसदी की कमजोरी के साथ 54,650 रुपये पर आ गई है। हालांकि एमसीएक्स पर कच्चा तेल 0.5 फीसदी की उछाल के साथ 5,275 रुपये पर कारोबार कर रहा है। एमसीएक्स पर बेस मेटल्स में 0.2-1 फीसदी की कमजोरी आई है। कॉपर 0.3 फीसदी लुढ़ककर 436 रुपये के नीचे आ गया है। जिंक में मामूली बढ़त दिख रही है।कैस्टर सीड में आज जोरदार तेजी आई है। एनसीडीईएक्स पर फरवरी वायदा की आज एक्सपायरी है और मार्च वायदा 2 फीसदी से ज्यादा बढ़कर 3,650 रुपये के पार चला गया है। गेहूं में गिरावट आई है। एनसीडीईएक्स पर गेहूं का मार्च वायदा 1,500 रुपये के नीचे तक फिसल गया है। गेहूं के फरवरी वायदा की आज एक्सपायरी है। दोनों वायदा के बीच में करीब 100 रुपये का अंतर चल रहा है। इस बीच सरकार ने इस साल करीब 4.5 करोड़ टन गेहूं खरीदने का संकेत दिया है।
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11 कर्मचारी यूनियनों के भारत बंद का आज देश के कई हिस्सों पर खासा असर पड़ा है। करीब 2.5 करोड़ सरकारी कर्मचारियों के एक साथ हड़ताल पर जाने से बैंकिंग, इंश्योरेंस, टेलिकॉम, पोस्टल, ऑयल एंड गैस सेक्टर पर भारी असर पड़ा है।आम आदमी को भी इस हड़ताल की भारी मार सहनी पड़ी है। सड़क से सरकारी बसें, टैक्सी, ऑटो गायब हैं। देश के कुछ हिस्सों में हिंसा की खबर भी है। हालांकि मुंबई में हड़ताल का खास असर देखने को नहीं मिला है। मुंबई में बेस्ट की बसें हड़ताल में शामिल नहीं है। साथ ही सड़कों पर टैक्सी, ऑटो भी चल रहे हैं।एसोचैम के मुताबिक 2 दिन चलने वाली इस हड़ताल से 15,000-20,000 करोड़ रुपये का नुकसान होने का अनुमान है। महंगाई, सरकारी कंपनियों में हिस्सा बेचने के विरोध, श्रम कानूनों को लागू करने और रोजगार बढ़ाने जैसी मांगें कर्मचारियों ने रखी हैं।For more Information Plz log on to www.rpshares.com
बजट के पहले बाजार ठंडा पड़ गया है। एफआईआई भी बाजार में निवेश को लेकर ज्यादा दिलचस्पी नहीं दिखा रहे हैं। लिहाजा अब दिग्गज जानकार मान रहे हैं कि बजट में वित्त मंत्री के ऐलानों से ही बाजार में रौनक लौटने की उम्मीद है। बाजार में एफआईआई का निवेश कम हो गया है। एफआईआई भी नए निवेश के पहले बजट का इंतजार कर रहे हैं। हालांकि फिलहाल बाजार में उछाल की ज्यादा उम्मीद नहीं है। साथ ही बजट तक बाजार में ज्यादा तेजी आती नहीं दिख रही है। अगर वित्त मंत्री बजट में अर्थव्यवस्था की मजबूती के लिए ठोस कदम उठाने का ऐलान करते हैं, तो बाजार में रौनक लौट सकती है। बजट के बाद बाजार में ज्यादा गिरावट संभव नहीं है। बजट के बाद आईटी, फार्मा और एफएमसीजी शेयरों में तेजी की उम्मीद है। हालांकि ज्यादा जोखिम उठाने वाले निवेशक बजट से पहले रियल्टी शेयरों में निवेश कर सकते हैं। बाजार में निवेश करने के लिए निवेशकों को अपनी कुछ रकम बजट के बाद के लिए बचाकर रखनी चाहिए। बाजार में लंबी अवधि के हिसाब से निवेश करने की सलाह है। बाजार में हर वक्त निवेश करने की रणनीति अपनानी चाहिए। आने वाले दिनों में ब्याज दरों में गिरावट की उम्मीद है। लिहाजा बैंक शेयरों में खरीदारी की सलाह है। बैंक शेयरों में प्राइवेट बैंक शेयरों को निवेश के लिहाज से तवज्जो दी जा सकती है। मौजूदा समय में ज्यादा जोखिम के साथ बाजार में दांव नहीं लगाएं। मिडकैप शेयरों के बजाए लार्जकैप शेयरों में खरीदारी करने की रणनीति अपनाएं।For more Information Plz log on to www.rpshares.com
जबर्दस्त शुरुआत करने के बाद बाजार में सुस्ती छाई। सेंसेक्स 21 अंक चढ़कर 19656 और निफ्टी 3 अंक चढ़कर 5943 के स्तर पर हैं। मिडकैप भी सुस्त रहे। हालांकि, स्मॉलकैप शेयरों ने 0.4 फीसदी की बढ़त दिखाई।ऑयल एंड गैस शेयर 1.7 फीसदी उछले। रियल्टी और आईटी शेयर 0.7 फीसदी चढ़े। तकनीकी शेयर 0.3 फीसदी मजबूत हुए।कंज्यूमर ड्यूरेबल्स शेयर करीब 1.5 फीसदी लुढ़के। मेटल, कैपिटल गुड्स, एफएमसीजी, बैंक, पावर और ऑटो शेयर 0.6-0.3 फीसदी गिरे। हेल्थकेयर और सरकारी कंपनियों के शेयरों में 0.2 फीसदी की कमजोरी रही।बाजार की चालमजबूत अंतर्राष्ट्रीय संकेतों की वजह से घरेलू बाजार 0.5 फीसदी की तेजी के साथ खुले। शुरुआती कारोबार में बाजार में जोश बढ़ा और सेंसेक्स 100 अंक से ज्यादा उछला। निफ्टी 5975 के करीब पहुंचा।जोरदार शुरुआत करने के बाद बाजार पर मुनाफावसूली का दबाव आया और बाजार ऊपरी स्तरों से फिसले। हालांकि, छोटे-मझौले शेयरों में खरीदारी का रुझान नजर आया।दोपहर के बाद बाजार से जोश गायब हो गया और बाजार में बेहद सुस्त कारोबार नजर आया। मिडकैप शेयरों ने भी मजबूती गंवाई। लेकिन, छोटे शेयरों में 0.5 फीसदी की मजबूती रही।यूरोपीय बाजारों में सुस्ती की वजह से घरेलू बाजारों में जोश नहीं लौट पाया। कारोबार खत्म होने तक बाजार में उतार-चढ़ाव नजर आया। स्मॉलकैप शेयर अपनी बढ़त बनाए रखने में कामयाब रहे।For more Information Plz log on to www.rpshares.com
एयर इंडिया के बनाने के बाद टाटा एक बार फिर एविएशन सेक्टर में कदम रखने वाली है। मलेशिया की एयरलाइन एयर एशिया टाटा संस के साथ मिलकर ज्वाइंट वेंचर शुरू करने वाली है।ज्वाइंट वेंचर में टाटा संस के अलावा एक और भारतीय निवेशक भी शामिल होगा। एयर एशिया की ज्वाइंट वेंचर में 49 फीसदी हिस्सेदारी होगी। एयर एशिया ने एफआईपीबी से मंजूरी मांगी है।नई एयरलाइन का नाम एयर एशिया होगा और इसका ऑपरेशन चेन्नई से किया जाएगा। एयरलाइन का फोकस टीयर 2 और टीयर 3 शहरों पर होगा।टाटा संस का कहना है कि एयर एशिया के साथ ज्वाइंट वेंचर के बोर्ड में ग्रुप के 2 नॉन-एक्जिक्यूटिव डायरेक्टर नियुक्त किए जाएंगे।टाटा संस के मुताबिक एयर एशिया के साथ ज्वाइंट वेंचर में 30 फीसदी हिस्सा होगा। लेकिन टाटा ग्रुप ज्वाइंट वेंचर के कामकाज में दखल नहीं देगा।सूत्रों के मुताबिक एयर एशिया को एफआईपीबी से 1 महीने में मंजूरी मिलने की उम्मीद है। कंपनी का प्रबंधन भारतीय अधिकारियों के पास होगा। नई एयरलाइन 2 विमानों के साथ शुरूआत करेगी।सूत्रों का कहना है कि एयर एशिया को कामकाज कामकाज साल अंत तक या अगले साल शुरू होने की उम्मीद है। एयर एशिया की होल्डिंग कंपनी ने 300 विमानों का ऑर्डर दिया है।For more Information Plz log on to www.rpshares.com
टेलिकॉम कंपनी वोडाफोन ने दिल्ली हाई कोर्ट में 900 मेगाहर्ट्ज स्पेक्ट्रम की रिफार्मिंग के खिलाफ याचिका दायर की है। सरकार मार्च में दिल्ली, मुंबई और कोलकाता में जीएसएम सर्विस के लिए इस्तेमाल होने वाले 900 मेगाहर्ट्ज स्पेक्ट्रम की नीलामी कराने जा रही है। सरकार ने 900 मेगाहर्ट्ज स्पेक्ट्रम को 1,800 मेगाहर्ट्ज स्पेक्ट्रम में बदलने की योजना है।वोडाफोन का कहना है कि सरकार ने लाइसेंस नियमों के खिलाफ नीलामी करने का फैसला किया है। रिफार्मिंग के फैसले से 50,000 करोड़ रुपये के निवेश पर असर होगा जिससे कंपनी के 15 करोड़ ग्राहक प्रभावित होंगे।दरअसल वोडाफोन के कुछ लाइसेंस की मियाद नवंबर 2014 में खत्म हो रही है। माना जा रहा है कि भारती एयरटेल भी रिफार्मिंग के फैसले के विरोध में वोडाफोन का साथ दे सकती है।For more Information Plz log on to www.rpshares.com
MCX-SX's entry into equities trading was expected to hurt BSE the most, since BSE has always been a distant number two once NSE overtook it in the mid-90s.MCX-SX 's entry into equities trading was expected to hurt BSE the most, since BSE has always been a distant number two once NSE overtook it in the mid-90s. While most industry players were skeptical of MCX-SX’s claim of expanding the market, they felt it would not be difficult snatching market share from BSE. But little over a week into its operations, MCX-SX may have realised that eating BSE’s lunch may not be that easy; brokers do not easily switch loyalties between exchanges unless they have a good reason to.Daily traded turnover in MCX-SX’s cash and derivative segment combined has ranged between Rs 7-20 crore. That explains the bourse’s hastiness in announcing a 'Liquidity Enhancement Scheme' in the cash and equity derivative segments as it tries to woo brokers to trade on its platform. Under the scheme, brokers and investors who put their trades through MCX-SX’s equity platform will get a commission for the turnover they contribute.According to a MCX-SX media release, incentives provided for cash market trades will offset around 64 percent of the Securities Transaction Tax (STT) charges, and those for stock futures trades will offset around 37 percent of STT. On passive orders (to buy or to sell at a price below or above prevailing market price), investors will get a full waiver on transaction costs and an additional incentive that equals 50 percent of transaction costs.MCX-SX may take pride in being the "first exchange to offer incentives for liquidity enhancement in equity cash market." But the bourse is merely following the footsteps of BSE, which is desperately trying to boost its equity derivative turnover by offering incentives to brokers and traders under its Liquidity Enhancement Incentive Programme. The LEIP is now in its ninth season, having got yet another extension.Also Read: MCX-SX to introduce liquidity enhancement schemesAnd while BSE may have managed to boost turnover in its derivative segment, the true test will be when the incentive scheme is withdrawn.Since September 2011 when BSE first introduced the scheme, the bourse has paid out around Rs 116 crore by way of incentives to its members. In put that number in context, BSE's net profit for the half year ended September 2012 was about Rs 34 crore. And while derivatives turnover may have surged, it is still not contributing to the operating income, which has been stagnant for the past many quarters now.Also, the surge in traded turnover in the derivative segment has not been consistent. For instance, turnover climbed to 9.78 lakh crore in July 2012, fell to Rs 2.97 lakh crore two months later and again rose to Rs 9.23 lakh crore in January. Also, statistics on the payout to market makers published by the BSE show a high degree of concentration.For instance, the top two market makers accounted for nearly 60 percent (Rs 3.73 crore) of the Rs 6.38 crore paid out as incentives last month.Also, a change in one of the rules last week following a Sebi directive could make matters difficult for market makers. Sebi has instructed exchanges not to pay any incentive on trades where the buyer and the seller is the same party.MCX-SX may not have had any option other than to incentivize brokers/investors to trade on its equity platform. But if BSE's experience is any indication, it will have to be prepared to dig in for the long haul and to also burn a good deal of cash.For more Information Plz log on to www.rpshares.com
Builders broke ground in January on the most U.S. single-family homes in more than four years and permits for future construction rose, an indication the industry’s momentum carried over into 2013.Work began on 613,000 one-family houses at an annual rate last month, the most since July 2008 and up 0.8 percent from December’s 608,000, Commerce Department figures showed today in Washington. Total housing starts dropped to a 890,000 rate, less than forecast and restrained by a slump in construction of multifamily units, which is often volatile.Faster hiring and easier access to credit are needed to help complement historically low mortgage rates and stoke a sustained real-estate rebound. Rising sales at builders such as PulteGroup Inc. and Lennar Corp. indicate housing will keep contributing to growth this year after emerging as a bright spot in the economy in 2012.“The fact that single-family starts are up is very encouraging, it is more important to the economy in terms of employment and growth” than the multifamily area, said Gus Faucher, a senior economist at PNC Financial Services Group Inc. in Pittsburg, who projected total starts would drop to a 895,000 pace. “The housing market recovery is continuing and will be an important contributor to economic growth. Permits look very solid, and that is a great sign.”Wholesale prices in the U.S. rose in January for the first time in four months, reflecting higher costs for food and pharmaceuticals, another report showed. The producer-price index climbed 0.2 percent after a 0.3 percent drop in December, the Labor Department reported.Shares FallStock-index futures held earlier losses after the reports. The contract on the Standard & Poor’s 500 Index maturing in March fell less than 0.1 percent to 1,527.1 at 8:34 a.m. in New York.The median estimate of 85 economists surveyed by Bloomberg projected total housing starts would drop to a 920,000 annual rate. Estimates ranged from 870,000 to 1 million. The prior month’s figure was revised up to 973,000, the most since June 2008, from a previously reported 954,000 pace.Permits increased to a 925,000 annual rate, the most since June 2008. They were projected to climb to a 920,000 annual rate, according to the survey median. Applications that are higher than the level of starts signal residential construction may strengthen.Correcting Strength“The drop in starts reflects a correction from the strength we saw earlier,” Sean Incremona, a senior economist at 4Cast Inc. in New York, said before the report. 4Cast was the best forecaster for home building starts over the past two years, according to data compiled by Bloomberg.Work on multi-family homes, such as apartment buildings, plunged 24.1 percent to an annual rate of 277,000.The drop in total starts reflected declines in two of four regions. Construction dropped 50 percent in the Midwest and 35.3 percent in the Northeast. It rose 16.7 percent in the West and 4.1 percent in the South.The Federal Reserve’s efforts to keep mortgage costs low have helped bring about a turnaround in housing, the industry that was at the center of the financial crisis.For all of last year, builders began work on 779,900 homes, a 28.1 percent increase from 2011 and the third straight annual gain. Even with the yearly improvement, housing starts remain short of the 2.07 million in 2005 at the peak of the boom, which was three-decade high. Sentiment in the industry leveled off this month from a more than six-year high, figures showed yesterday. The National Association of Home Builders/Wells Fargo index of builder confidence fell to 46 from the prior month’s 47 that matched the highest reading since April 2006.More OrdersCompany results indicate the improvement in residential real estate will continue. PulteGroup, Lennar and D.R. Horton Inc., the top three U.S. homebuilders by market value, said orders rose in the most recently reported quarter.“The combination of incredibly low mortgage rates, continued increases in rental rates and especially rising home prices, and very low -- and likely to stay low -- inventory levels for housing lead us to believe that 2013 will be a better year for U.S. housing than 2012,” Richard Dugas, chief executive officer of Bloomfield Hills, Michigan-based PulteGroup, said on a Jan. 31 earnings call.Builders are now gearing up for the spring selling season, traditionally viewed as starting the weekend after the National Football League’s Super Bowl, an event held Feb. 3.Mortgage RatesNear record-low mortgage costs have made it cheaper to buy a home for those who qualify for credit. The average fixed rate on a 30-year loan held at 3.53 percent in the week ended Feb. 14, down from 3.87 percent a year ago, figures from McLean, Virginia-based Freddie Mac showed.Increased household formation is also encouraging builders to diversify into construction of apartments. Miami-based Lennar in January said it plans to construct $1 billion of multifamily properties, while Toll Brothers Inc., the largest U.S. luxury- home builder, said it will begin development of high-end college dormitories.Firming prices are also helping to attract buyers who were reluctant to make purchases when property values were declining. The S&P/Case-Shiller index of house prices in 20 cities rose 5.5 percent in the 12 months to November, the biggest year-over-year gain since August 2006, the most recently available data showed.For more Information Plz log on to www.rpshares.com
Gold prices are solidly lower and hit another fresh 6.5-month low in early U.S. trading Wednesday. Weak longs who are presently well under water in their trades are feeling severe pain and being forced to liquidate. This, along with fresh technical selling pressure, has both gold and silver markets reeling at present. April gold last traded down $11.80 at $1,592.40 an ounce. Spot gold was last quoted down $11.60 at $1,593.50. March Comex silver last traded down $0.287 at $29.135 an ounce.A major bearish factor for the gold and silver markets in recent weeks has been rallying stock markets worldwide, which shows investor risk appetite is on the upswing—at the expense of demand for safe-haven assets like gold and to a lesser degree silver. The recent strength of the U.S. dollar index is also an underlying bearish factor for the precious metals markets. Recent developments coming out of the European Union paint a picture of improving financial and economic conditions, to suggest the EU has turned the corner toward recovery from its sovereign debt crisis. That’s also a bearish underlying factor for the safe-haven gold market.The market place is awaiting Wednesday afternoon’s release of the latest minutes of the U.S. Federal Reserve’s FOMC meeting from early January. These minutes in the past few months have been market-movers. Traders and investors will scrutinize the minutes for clues regarding upcoming Federal Reserve monetary policy moves. The U.S. Treasury markets, with their recent rising bond yields, are hinting that the Fed’s very accommodative monetary policy of the past few years will start to wind down in the not-too-distant future. That’s yet another underlying bearish factor for the raw commodity sector, including gold and silver.The U.S. dollar index is higher early Wednesday and hovering near a six-week high. The U.S. dollar bulls have gained upside technical momentum recently, to begin to suggest the dollar index may have put in a market bottom. Meantime, Nymex crude oil futures prices are near steady early Wednesday. The crude oil bulls still have the overall near-term technical advantage but have faded a bit recently. If crude oil bulls start to weaken that would be a bearish development for the raw commodity sector, including the precious metals.U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, the weekly Goldman Sachs and Johnson Redbook retail sales reports, the producer price index, new residential construction, and the FOMC minutes.The London A.M. gold fixing is $1,602.00 versus the previous London P.M. fixing of $1,607.75.Technically, April gold futures bears are in solid near-term technical command as prices Wednesday sunk to a 6.5-month low. Prices are in an accelerating four-week-old downtrend on the daily bar chart. Importantly, from a longer-term technical perspective, the key level for traders and investors to watch is the $1,500.00 level. No serious longer-term chart damage has yet occurred in nearby gold futures. However, a drop below the $1,500.00 level would begin to produce serious longer-term chart damage, and then begin to call into question the longer-term price uptrend that is still in place for gold. The gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,627.90. Bears' next near-term downside breakout price objective is closing prices below solid technical support at $1,575.00. First resistance is seen at $1,600.00 and then at the overnight high of $1,609.20. First support is seen at the overnight low of $1,588.00 and then at $1,580.00.March silver futures bears also have the near-term technical advantage as prices overnight hit a fresh six-month low. Prices are in an accelerating four-week-old downtrend on the daily bar chart. Bulls’ next upside price breakout objective is closing prices above solid technical resistance at this week’s high of $30.15 an ounce. The next downside price breakout objective for the bears is closing prices below solid technical support at $28.00. First resistance is seen at the overnight high of $29.615 and then at $30.00. Next support is seen at the overnight low of $28.94 and then at $28.75.
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U.S. stocks were poised for a flat open on Wednesday as data showed the economy continues to show modest improvement before the minutes from the Federal Open Market Committee's January meeting later in the session.Groundbreaking to build new U.S. homes fell 8.5 percent in January but new permits for construction rose to a 4 1/2-year high while producer prices rose in January for the first time in four months.The data should enable the Fed to maintain its easy monetary policy in its efforts to stimulate the economy.Later in the session, investors will look to the minutes from the Fed's January meeting for any indication as to how long the current monetary policy will remain in effect."It's hard in any given data point to take a strong conclusion that we are moving dramatically forward, but over time, clearly things are getting better," said Robert Lutts, chief investment officer at Cabot Money Management in Salem, Massachusetts.Lutts described an economy that was addicted to stimulus."The bottom line is the economy is on heroin today and we will at one time move to a diluted form of heroin, but it's very important for people to remember we are still on an unbelievably aggressive, never-seen-before accommodative policy and this economy is going to improve."U.S. stocks moved closer to all-time highs on Tuesday, as the ongoing flurry of merger activity to start the year has helped protect equities from a pullback.The S&P 500 is up 7.4 percent for the year, fueled by legislators' ability to sidestep an automatic implementation of spending cuts on tax hikes on January 1, better-than-expected corporate earnings and modestly improving economic data that has been tepid enough for the Fed to maintain its stimulus policy.S&P 500 futures added 0.2 points and were about even fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 6 points, and Nasdaq 100 futures rose 0.75 point.U.S. oil and gas producer Devon Energy Corp (NYS:DVN - News) reported a fourth-quarter loss as it wrote down the value of its assets by $896 million due to weak gas prices.Toll Brothers Inc (NYS:TOL - News) lost 3 percent to $35.80 in premarket trade after the largest luxury homebuilder in the United States, reported first-quarter results well below analysts' estimates.SodaStream (NSQ:SODA - News) dropped 3.7 percent to $50.50 in premarket after the seller of home carbonated drink maker machines posted fourth-quarter earnings and provided a 2013 outlook.According to Thomson Reuters data through Tuesday morning, of the 391 companies in the S&P 500 that have reported results, 70.1 percent have exceeded analysts' expectations, compared with a 62 percent average since 1994 and 65 percent over the past four quarters.Fourth-quarter earnings for S&P 500 companies are estimated to have risen 5.6 percent, according to the data, above a 1.9 percent forecast at the start of the earnings season.For more Information Plz log on to www.rpshares.com
Indexes slipped in the early going on Wall Street after the government reported that homebuilding slowed down during the first month of the year.The Dow Jones industrial average was down 12 points at 14,023 shortly after the opening bell Wednesday.The Standard & Poor's 500 index was down three points at 1,527. The Nasdaq fell five points to 3,208.Even though builders eased their pace in January, the Department of Commerce reported that new housing starts remained at a 4 ½-year high. The mixed news disappointed investors hoping to see more solid signs of recovery in the housing market.Builders started construction at an annual rate of 890,000 last month, down 8.5 percent from December.GPS device maker Garmin slumped 9 percent after the company's results missed analysts' forecasts.For more Information Plz log on to www.rpshares.com
Gold and silver are facing heavy selling pressure as the US Dollar soars and anti-fiat asset demand fades before the Federal Reserve releases minutes from January’s FOMC meeting. Traders will be most interested in the tone of discussion surrounding the possible tapering of the size of asset purchases – an approach that has emerged in several Fed officials’ comments over recent weeks – and the possibilities for the timing of such an outcome.Bond markets suggest investors are pricing in inflation at an average of 2.35 percent over the Fed’s target one- to two-year time horizon, up from 1.47 percent at the beginning of the year. That puts a move above 2.5 percent – the FOMC’s threshold for maintaining the current accommodative posture – well within reach over the coming months. This means Ben Bernanke and company may be pressured to reduce stimulus far earlier than previously expected, supporting a recovery in the greenback.Cycle-sensitive crude oil and copper prices are trading little-changed, mirroring undecided risk appetite trends reflected in muted early start on US stock exchanges. However, a shift toward the center from the dovish side of the Fed policy expectations spectrum following the FOMC minutes release may spark risk aversion. Needless to say, such an outcome bodes ill for oil and copper prices. Alternatively, affirmation of the central bank’s accommodative posture seems likely to produce the opposite result.Spot Gold (NY Close): $1605.05 // -5.00 // -0.31%Prices broke below support at 1617.84, the 61.8% Fibonacci expansion, exposing the 76.4% level at 1599.10. A further push below that targets a falling channel bottom at 1586.13. The 1617.84 level has been recast as near-term resistance, with a reversal back above that eyeing the 50% Fib at 1632.97.For more Information Plz log on to www.rpshares.com
Prices are consolidating above support at 95.14, the 23.6% Fibonacci retracement. Resistance remains in the 98.02-21 area (marked by the 23.6% Fib expansion and the January 30 high). A break higher exposes the 38.2% expansion at 99.91. Alternatively, a reversal below 95.14 initially targets the 38.2% retracement at 93.24.For more Information Plz log on to www.rpshares.com
Prices broke support in the 29.62-89 area, marked by the 61.8% Fibonacci retracement and the June 6 high, exposing the 76.4% level at 28.28. A further drop below that aims for the June 28 2012 low at 26.11. Alternatively, a reversal back above 29.89 targets the 50% Fib at 30.71.For more Information Plz log on to www.rpshares.com
Prices completed a bearish Rising Wedge chart pattern with a break through the formation’s support. Sellers are now testing below the 38.2% Fibonacci retracement at 3.642. A break downward confirmed on a daily closing basis exposes the 50% level at 3.596. Near term support-turned-resistance is in the 3.715-18 area.For more Information Plz log on to www.rpshares.com
