Thread: Automakers

Daily Market Commentary for July 1, 2010

Automakers

Automakers saw a drop in June auto sales; two major companies saw declines over 10%. (Read more at Millennium-Traders.Com)

Economic data released today:

Initial Jobless Claims:
U.S. Jobless Claims rose 13K to 472K in Week of June 26; Compared to Survey of a decrease by 2K; U.S. June 19 Week Continuing Claims rose 43K to 4,616,000; U.S. June 19 Week Jobless Claims Revised to 459K from 457K.

ISM Manufacturing Index/Prices:
U.S. ISM June Inventories Index 45.8 versus May 45.6; U.S. ISM June Production Index 61.4 versus May 66.6; U.S. ISM June New Orders Index 58.5 versus May 65.7; U.S. ISM June Prices Index 57.0 versus May 77.5; U.S. ISM June Manufacturing PMI Expected 59.0; U.S. ISM June Manufacturing PMI 56.2 versus May 59.7; U.S. ISM June Employment Index 57.8 versus May 59.8; ISM: Manufacturing Recovery is 'Solidly Entrenched'.

Pending Home Sales (MoM):
U.S. May Pending Home Sales fell 15.9% from May 2009; U.S. Pending Home Sales Index fell 30.0% to 77.6 in May.

Construction Spending (MoM):
April Construction Spending Revised to rise 2.3% from an increase by 2.7%; U.S. Construction Spending fell 0.2% in May; Compared to Consensus of a decrease by 0.7%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 41.49 points, EOD 9,732.53
NYSE (New York Stock Exchange) shed 7.55, EOD 6,462.10
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 8.71 points, EOD 2,100.53
S&P 500 (SPX) shed 3.69 points, EOD 1,027.02
BEL 20 (BEL20) shed 50.41 points, EOD 2,336.12
CAC 40 (CAC40) shed 102.99 points, EOD 3,339.90
FTSE100 (UKX100) shed 11.12 points, EOD 4,805.75
NIKKEI 225 (NIK/O) unchanged, EOD 9,382.64

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,275, declined stock prices 1,872, unchanged stock prices 102, stock prices hitting new highs 39 and stock prices hitting new lows 161. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: CF gain 1.85, HOD 65.97, LOD 63.06, EOD 65.30; BP gain 0.57, HOD 30.42, LOD 28.79, EOD 29.45; MA gain 3.57, HOD 204.47, LOD 194.71, EOD 202.65; CME shed 3.72, HOD 283.95, LOD 272.77, EOD 277.83.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 922, declined stock prices 1,785, unchanged stock prices 96, stock prices hitting new highs 14 and stock prices hitting new lows 253. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: SWHC gain 0.30, HOD 4.58, LOD 4.17, EOD 4.39; DNDN shed 2.19, HOD 30.73, LOD 28.01, EOD 30.14; APOL gain 0.91, HOD 44.69, LOD N/A, EOD 43.38; AAPL shed 3.42, HOD 254.80, LOD 243.22, EOD 248.11; UPRO shed 0.91, HOD 115.33, LOD 107.61, EOD 113.05; ISRG shed 3.75, HOD 317.98, LOD 301.78, EOD 311.87; FSLR gain 3.70, HOD 117.96, LOD 112.06, EOD 117.53; PCLN gain 5.49, HOD 182.44, LOD 173.76, EOD 182.03.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 162, declined stock prices 323, unchanged stock prices 32, stock prices hitting new highs 9 and stock prices hitting new lows 27.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1023.50; Change -3.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,733.50; Change -4.50
E-mini DOW $5 (YM) Mar 10: EOD 9,678; Change -38
E-mini S&P MidCap 400 (MF) Mar 10: EOD 705.90; Change -4.00
Nikkei 225 (Yen) Mar 10: EOD 9,165; Change -35

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7989 to U.S. Dollars 1.2500
Japanese Yen 87.5650 to U.S. Dollars 0.0114
British Pound 0.6588 to U.S. Dollars 1.5200
Canadian Dollar 1.0612 to U.S. Dollars 0.9436
Swiss Franc 1.0604 to U.S. Dollars 0.9415

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (August 10) shed $2.68, EOD $72.95 per barrel ($US per barrel)
Heating Oil (August 10) shed $0.07, EOD $1.94 a gallon ($US per gallon)
Natural Gas (August 10) gain $0.23, EOD $4.85 per million BTU ($US per mmbtu.)
Unleaded Gas (August 10) shed $0.06, EOD $2.00 gallon ($US per gallon)

Metals Markets - Comex:
Gold (July 10) shed $39.20, EOD $1,206.30 ($US per Troy ounce)
Silver (July 10) shed $0.91, EOD $17.76 ($US per Troy ounce)
Platinum (July 10) shed $27.60, EOD $1,503.30 ($US per Troy ounce)
Copper (July 10) shed $0.07, EOD $2.86 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (July 10) gain $0.07, EOD $79.30
Pork Bellies (July 10) shed $0.40, EOD $99.10
Live Cattle (August 10) shed $0.07, EOD $89.95
Feeder Cattle (August 10) shed $0.45, EOD $112.60

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 10) gain $11.25, EOD $365.50
Soybeans (July 10) gain $5.00, EOD $953.50

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Millennium-Traders.Com

Automakers have been in decline for some time now. No surprise there. Green is the way to go and until they all adopt fuel-efficiency as a major concern, they are going to continue suffering losses.