Friday, April 2, 2010

US Stock Market Week in Review

Week Review March 29 – April 2, 2010
The markets today are closed in observation of Good Friday, so Stocklook is bringing you a weekly recap of the markets and economic news. The report includes March unemployment numbers, crude oil prices, US housing market update, earning surprises and market returns for the past week.

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March Unemployment Numbers
The US economy added 160,000 jobs in March, nearly one third of these jobs were due to census jobs created which are only considered short term. The unemployment rate remains at 9.7% (

Crude Oil Prices Close at 2010 Highs
Economic data from China helped push Crude prices higher this week as traders feel optimistic about world economic recovery and stronger demand for oil in the coming months. * On the New York Mercantile Exchange, May CLK0 crude rose $1.11, or 1.33 percent, to settle at $84.87 a barrel (

US Housing Market
For the third consecutive week mortgage rates rose and now stand at 5.08% if this trend continues it could discourage borrowing.

January home prices increased 0.3% measured by Standard & Poor's/Case-Shiller home price index. The index shows mixed results as it includes November when first time home buyers flooded the market to receive the tax credit before it expired. It was then extended to the end of April. Housing analysts are concerned about foreclosures as a spike could push home prices lower (

Market Returns Friday 3/26 close to Thursday 4/01 close
S&P 500 1,178.10 +11.51 + 0.99%
DOW 10,927.07 +76.71 + 0.71%
NASDAQ 2,402.58 +7.45 + 0.31%

Earnings Surprises
Boarders Group Inc. (BGP) Consensus EPS: 1.01 Reported EPS: 1.62 = 60.40% Surprise (OSTK) Consensus EPS: 0.45 Reported EPS: 0.55 = 22.22% Surprise
Dollar General (DG) Consensus EPS: 0.43 Reported EPS: 0.51 = 18.60% Surprise

Micro Cap Winner
Hallwood Group (HWG) 2009 4th Q EPS $4.24 vs. 2008 $-0.06
HWG’s stock price closed up 12.15 after earnings at 52.89 an increase of 29.82%

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1 comment:

  1. Nice information! Hope this would help many more as it has to me!

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