Bulls rescued the Dow Jones Industrial from a terrible fate, the collapse canceled today

DJIA falls and rises several times

In brief: The Dow Jones Industrial Average dropped 32 points, or 0.3%, to 10373, in the beginning of the trading. Travelers led the measure's declines, falling 1.5%.

The DJIA is near 10,403.64 points at the moment. Dow index lost 1.13 points (-0.01%) today. Dow Jones Industrial Average continues to decline against the background of mixed statistics from the U.S. and Europe. The level of support for Dow Jones from the bulls remain high. Home Depot was also weak, sliding 1.1% after data showed a plunge in May housing starts. Alcoa fell 1.3% as metals futures edged down.

Technology components clawed back into the black, extending their gains from the previous trading session. Cisco Systems rose 1.6%, while Intel gained 0.6% and International Business Machines edged up 0.1%. Today, the largest company in the United States courier service reported back to the quarterly results for the period from March to May inclusive (the fiscal quarter in the U.S. accounting may differ from the calendar). FedEx rates are impressive, especially compared to the same quarter last year. Express courier in the period earned a net $ 419 million, or $ 1.33 per share, versus $ 876 million net loss or $ 2.82 per share a year earlier. This quarterly revenues FedEx-and soared by 20% to $ 9.43 billion analysts on average expected earnings per share of $ 1.32 and revenues in the amount of $ 9 billion. The catalyst for explosive growth in corporate profits of the global courier from Memphis to 23% increase in the volume of daily shipments primarily due to Asian destinations. At the same time revenue from every administration has increased by 8% and operating margin reached 7.4% versus 4.8% in the previous quarter. If completed as judged by the business quarter in the express giant goes with good acceleration, which is directly connected with the revival of business activity in most regions of the world. In general, courier companies, some analysts suggest that indicators of the economy in general and the business climate in particular. We can say that the report confirmed the FedEx global economic recovery in the first half.

However, the forecast made by the chief financial officer Alan Graf in the current quarter and new fiscal year, inspires some concerns. So in the summer months, financial management, FedEx-and predicts its net profit per share in a fairly wide range from 85 cents to Tee $ 1.05, that in itself speaks of the uncertainty and doubts about the sustainability of the current wave of business activity. The consensus forecast of analysts for the current quarter, close to the upper boundary of corporate expectations and points to the equity income of $ 1.03. But in annual terms in the future business environment for the version of FedEx-and look more bleak. Alan Graf expects annual earnings per share in the range of $ 4,40-5,00, while the consensus analysts expect the figure at $ 5.05. This leads to a conclusion about slowing global economic recovery, even if not stagnation of its individual parts. One consolation is, as long as the locomotive of world economy and is destined to enter a phase of stagnation, something happens it is probably not before 2011, when massive efforts to reduce budget expenditures in most developed countries, degrease wallets of ordinary consumers. Meanwhile, FedEx by 9% increased the quarterly dividend, and experts from the investment-research firm Stifel Nicolaus raised its price target for shares to $ 102 apiece. This morning, for they give a little more than $ 81 a quarter.

Ukrainian Globalist
2010-06-16 16:40, Economics.

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8 comments к “Bulls rescued the Dow Jones Industrial from a terrible fate, the collapse canceled today”

  1. Trader Says:

    Your site is pure bs. One day contradicts the other:
    http://globalist.org.ua/eng/1443364-dow-jones-industrial-is-approaching-the-red-zone-rapidly-and-is-ready-for-collapse

    lol – I’m going to ask google to remove you from their index.

  2. steven Says:

    PLEASE STOP YOUR ABSURD STUPIDITY!!!!! WHO IN THE BLUE HELL ARE YOU TO DECIDE THE FATE OF DOW??

    BEFORE FEW DAYS YOU POSTED NEGATIVE COMMENT ON DOW THAT IT MIGHT BE IN A BEAR MODE….I THINK YOU NEED TO BE BANNED HERE….IF YOU DONT GET YOUR IDEA STRAIGHT!!!

    SUCH A STUPID MORON YOU ARE AND YOU CALL YOURSELF A GLOBALIST OR ECONOMIST….YOU DESERVE A SPECIAL DESIGNATION….WHICH YOU WILL HEAR FROM ME NEXT TIME U GIVE OUT YOUR NEGATIVE OPINION….

    BEWARE AND GET STRAIGHT WITH THE FACTS..

  3. Bob Jones Says:

    Are you all IDIOTS there or just the jackass that writes this horse shit column? Great job 180ing your earlier other useless column. If the world is coming to an end why don’t you beat it to the punch and do yourself in.

  4. Hao Says:

    this authors have no idea of how to use proper English

  5. Dascia Says:

    You see> http://globalist.org.ua/eng/1443394-bulls-rescued-the-dow-jones-industrial-from-a-terrible-fate-the-collapse-canceled-today it has been written 20 minutes before Dow climbed the green zone (from the red).

  6. Dascia Says:

    Maybe you’re right, but not at all

  7. Ted Says:

    Wow! He certainly seems to have touched a nerve there. However, The Globalist is right about one thing though, that is that the Dow is in a bear market and this rally we are currently experiencing is simply a bear market rally which will of course fizzle out in due course. Or perhaps you ‘bulls’ above think that the Dow can only ever go one way – up?

  8. InTheKnow Says:

    Are these words of vitriol from the working class or are these the words of the agents’ of the power elite’ who know what is coming?

    Coming from the “Land of the Free”, these are very bitter indeed!

    Do you think that the words of one blog influence so many? My my the wailing and gnashing of teeth!

    I am glad this blog is here, at least it instills some passion in you even if it is negative and what of it? The rug is being slowly pulled out from under the global economy when the time is ripe it will be done. Sorry to hear a few of you haven’t figured it out already, then again these angry postings may be at the behest of those who are controlling present events.

    Please go back to your game, when it folds, it will fold for everyone.

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