NEW YORK (Reuters) - Stocks climbed broadly on Monday after a report showed the manufacturing sector expanded for a fifth straight month, lifting confidence in the global economy as investors eye fourth quarter earnings.
The rally, which marked the first trading day of 2010, drove both the Dow and the S&P 500 to their highest closes in 15 months, while the Nasdaq ended at a 16-month high.
The Institute for Supply Management's manufacturing index rose to its highest level since April 2006 in December. The report followed similarly strong readings from the commodity-hungry manufacturing sectors in China and India overnight.
That and a weaker U.S. dollar helped push natural resource stocks higher as commodity prices rose.
"The ISM number was very, very good, and we think it points to continuing strengthening and overall, bodes relatively well in the near-term for the market," said Karl Mills, president of Jurika, Mills and Keifer, an investment advisory firm in Oakland, California.
The Dow Jones industrial average gained 155.91 points, or 1.50 percent, to end at 10,583.96. The Standard & Poor's 500 Index rose 17.89 points, or 1.60 percent, to 1,132.99. The Nasdaq Composite Index jumped 39.27 points, or 1.73 percent, to 2,308.42.
STAR TURN FOR OIL AND MATERIALS
Energy and materials were the top sectors in the S&P 500 as those stocks got a lift from the prospect of stronger manufacturing, which would increase demand for fuel, electricity, metals and some other commodities.
Oil companies' shares got a further boost after Deutsche Bank upgraded the U.S. refining sector and raised the ratings on several refiners, including Valero Energy Corp and Sunoco Inc.
Valero jumped 6.8 percent to $17.89, and Sunoco advanced 6 percent to $27.67. The PHLX Oil Service index climbed 3.9 percent.
The Institute for Supply Management said its index of national factory activity rose to 55.9 in December, above forecasts for a reading of 54.3. A reading above 50 indicates expansion.
Both of China's PMI manufacturing surveys rose in December, with the official reading hitting its highest level in 20 months. That was echoed in India, where the manufacturing index hit a 7-month peak last month.
Analysts said the reports gave welcome support as investors head into fourth-quarter earnings season later in January. U.S. stocks rose last month after the U.S. unemployment rate unexpectedly fell in November.
U.S. crude oil futures rose 2.2 percent, or $2.15, to settle at $81.51 per barrel after hitting a 2-month high earlier in the session. The U.S. dollar fell 0.5 percent against a basket of currencies. Copper hit a 16-month high.
Currency traders were cautious about the greenback before Friday's non-farm payrolls report, which investors are looking to for confirmation of further stabilization in the labor market.
HIGH HOPES FOR CHIPMAKERS
Robert W. Baird upgraded chipmaker Intel Corp to "outperform" on expectations for a rebound in corporate spending on personal computers. That helped drive the Philadelphia semiconductor index up 1.7 percent.
Intel, a Dow component and a bellwether on Nasdaq, climbed 2.4 percent to $20.88.
Volume, although modest, appeared to be the best since December 22nd, with most market participants back at work on Monday after a long holiday break.
About 1.01 billion shares changed hands on the New York Stock Exchange, below last year's daily average of 2.18 billion.
On the Nasdaq, about 1.95 billion shares traded.
Advancing stocks outnumbered declining ones on the NYSE by a ratio of 4 to 1, while on the Nasdaq, nearly 11 stocks rose for every three that fell.
bu reuters.com
ANM World Wide
Earth
Selasa, 05 Januari 2010
2009 Was One of Worst Years on Record for Bankruptcies
U.S. consumers and businesses are filing for bankruptcy at a pace that made 2009 the seventh-worst year on record, with more than 1.4 million petitions submitted, an Associated Press tally showed Monday.
broke
The AP gathered data from the nation's 90 bankruptcy districts and found 1.43 million filings, an increase of 32 percent from 2008. There were 116,000 recorded bankruptcies in December, up 22 percent from the same month a year before.
While experts believe some of the increase is due to a natural recovery as consumers and attorneys become accustomed to a recent overhaul of bankruptcy laws, the numbers indicate clear correlations to recession-weary regions. Arizona saw the fastest increase, a jump of 77 percent from the year before, followed by Wyoming (60 percent), Nevada (59 percent) and California (58 percent).
Emile Harmon, who owns a law firm in Tempe, Ariz., said the firm has doubled its staff to handle the surge in bankruptcy filings. The lawyers have been steadily shifting away from their other areas of business, civil lawsuits and divorce cases.
"Bankruptcy is kind of swallowing the whole practice." Harmon said. "There's little time to do other stuff."
There's also no sign that things are slowing down. Harmon said bankruptcies have been coming in waves, first with those 18 months ago who had adjustable-rate mortgages, then with those who lost their jobs due to the housing downturn. Now he's finding wealthy individuals and business owners who have finally succumbed to lower incomes and shrinking home values.
"A lot of the people we see were in a really good financial position two years ago," Harmon said. "People really look at you and say, 'I can't believe I'm here."'
For three years, filings have been steadily rising back toward levels reached early in the decade before Congress overhauled the nation's bankruptcy laws. The 2005 alterations made bankruptcy filings more cumbersome, a move that followed fears from lenders that some consumers were abusing the system to wipe away debts.
Bankruptcies surged to slightly more than 2 million in 2005 as consumers rushed to file before the new law took effect but then plummeted to 600,000 in 2006. They've been climbing ever since and in 2009 became the seventh-highest year on record, behind only the years 1998 and 2001-2005.
The 2005 spike had been preceded by a steady climb from 1.5 million in 2001 to 1.6 million in 2005.
John Pottow, a bankruptcy professor at the University of Michigan, said the return to the highs of earlier this decade illustrates the failures of the 2005 overhaul bill. He said the measure largely made filings more costly and time-consuming by forcing consumers to undergo a paperwork-heavy test to determine eligibility for Chapter 7 bankruptcy and adding liability for attorneys who provide help.
"It never made sense in the first place that you could change the laws and make all these bankruptcies go away," said Pottow, who would like to see the 2005 law changes repealed. "If people are encountering financial distress, you can only scare them away for so long before they come back again."
While every state saw a rise in bankruptcies, Alaska (up 12 percent), Nebraska (12 percent) and North Dakota (14 percent) performed best.
by cnbc.com
broke
The AP gathered data from the nation's 90 bankruptcy districts and found 1.43 million filings, an increase of 32 percent from 2008. There were 116,000 recorded bankruptcies in December, up 22 percent from the same month a year before.
While experts believe some of the increase is due to a natural recovery as consumers and attorneys become accustomed to a recent overhaul of bankruptcy laws, the numbers indicate clear correlations to recession-weary regions. Arizona saw the fastest increase, a jump of 77 percent from the year before, followed by Wyoming (60 percent), Nevada (59 percent) and California (58 percent).
Emile Harmon, who owns a law firm in Tempe, Ariz., said the firm has doubled its staff to handle the surge in bankruptcy filings. The lawyers have been steadily shifting away from their other areas of business, civil lawsuits and divorce cases.
"Bankruptcy is kind of swallowing the whole practice." Harmon said. "There's little time to do other stuff."
There's also no sign that things are slowing down. Harmon said bankruptcies have been coming in waves, first with those 18 months ago who had adjustable-rate mortgages, then with those who lost their jobs due to the housing downturn. Now he's finding wealthy individuals and business owners who have finally succumbed to lower incomes and shrinking home values.
"A lot of the people we see were in a really good financial position two years ago," Harmon said. "People really look at you and say, 'I can't believe I'm here."'
For three years, filings have been steadily rising back toward levels reached early in the decade before Congress overhauled the nation's bankruptcy laws. The 2005 alterations made bankruptcy filings more cumbersome, a move that followed fears from lenders that some consumers were abusing the system to wipe away debts.
Bankruptcies surged to slightly more than 2 million in 2005 as consumers rushed to file before the new law took effect but then plummeted to 600,000 in 2006. They've been climbing ever since and in 2009 became the seventh-highest year on record, behind only the years 1998 and 2001-2005.
The 2005 spike had been preceded by a steady climb from 1.5 million in 2001 to 1.6 million in 2005.
John Pottow, a bankruptcy professor at the University of Michigan, said the return to the highs of earlier this decade illustrates the failures of the 2005 overhaul bill. He said the measure largely made filings more costly and time-consuming by forcing consumers to undergo a paperwork-heavy test to determine eligibility for Chapter 7 bankruptcy and adding liability for attorneys who provide help.
"It never made sense in the first place that you could change the laws and make all these bankruptcies go away," said Pottow, who would like to see the 2005 law changes repealed. "If people are encountering financial distress, you can only scare them away for so long before they come back again."
While every state saw a rise in bankruptcies, Alaska (up 12 percent), Nebraska (12 percent) and North Dakota (14 percent) performed best.
by cnbc.com
IHSG Siap Dekati Level 2.600
Jakarta - Indeks Harga Saham Gabungan (IHSG) berhasil mencatat penguatan terbesar di kawasan Asia pada perdagangan perdana di tahun 2010. Namun kenaikan IHSG belum didukung besarnya volume karena belum seluruh investor kembali dari libur panjangnya.
Pada perdagangan Senin (4/1/2010), IHSG ditutup menguat hingga 41,057 poin (1,62%) ke level 2.575,413. Indeks LQ 45 naik 9,626 poin (1,93%0 ke level 507,914. Perdagangan di seluruh pasar hanya senilai Rp 2,374 triliun.
Sentimen positif datang dari bursa-bursa utama dunia yang masih bergerak positif. Bursa Wall Street kembali menyentuh titik tertingginya berkat data manufaktur yang positif dari China dan AS.
Pada perdagangan Senin (4/1/2010), indeks Dow Jones industrial average (DJIA) tercatat naik 155,91 poin (1,50%) ke level 10.583,96. Indeks Standard & Poor's 500 juga menguat 17,89 poin (1,60%) ke levle 1.132,99 dan Nasdaq melonjak 39,27 poin (1,73%) ke level 2.308,42.
Bursa Tokyo juga mengawali perdagangan Selasa (5/1/2010) di sisi positif. Indeks Nikkei-225 dibuka naik 87,36 poin (0,82%) ke level 10,742,15.
Pergerakan bursa-bursa global yang positif itu diharapkan masih bisa membawa IHSG ke teritori positif. IHSG pada perdagangan Selasa ini diprediksi masih akan bergerak positif dan semakin mendekati level 2.600.
Berikut rekomendasi saham untuk hari ini:
Panin Sekuritas:
Optimisme akan berlanjutnya pemulihan ekonomi nasional dan global pasca resesi global mendorong indeks menguat +1,62% ke level 2.575,413. Pengumuman angka inflasi 2009 yang hanya sebesar 2,78% menambah keyakinan investor, BI masih akan mempertahankan kebijakan suku bunga rendah untuk beberapa waktu mendatang. Sementara hari ini kami perkirakan indeks akan bergerak mixed dengan kecenderungan menguat terbatas. Tipisnya nilai transaksi sehubungan dengan rendahnya volume dan frekuensi perdagangan memberikan sinyal bahwa sebagian investor masih melakukan wait and see. Kami proyeksikan indeks akan bergerak pada kisaran support-resistance 2.559-2.594.
Optima Sekuritas:
IHSG membuka awal 2010 dengan meneruskan rally yang di buat pada akhir 2009 dengan meningkat 1.6% ke level 2.575. Kenaikan bursa di dorong oleh saham blue chip terutama sektor banking setelah BPS mengumumkan inflasi tahun 2009 hanya sebesar 2.78% atau terendah selama 10 tahun terakhir. Rendahnya laju inflasi tersebut akan menjadi sentimen positif bagi sektor yang sensitif terhadap suku bunga seperti banking, automotif, semen dan properti. Nilai transaksi meskipun masih tipis namun menunjukkan peningkatan. Indeks diperkirakan masih menguat kembali mendekati 2.600 sementara support di 2.540.
sumber detik finance
Pada perdagangan Senin (4/1/2010), IHSG ditutup menguat hingga 41,057 poin (1,62%) ke level 2.575,413. Indeks LQ 45 naik 9,626 poin (1,93%0 ke level 507,914. Perdagangan di seluruh pasar hanya senilai Rp 2,374 triliun.
Sentimen positif datang dari bursa-bursa utama dunia yang masih bergerak positif. Bursa Wall Street kembali menyentuh titik tertingginya berkat data manufaktur yang positif dari China dan AS.
Pada perdagangan Senin (4/1/2010), indeks Dow Jones industrial average (DJIA) tercatat naik 155,91 poin (1,50%) ke level 10.583,96. Indeks Standard & Poor's 500 juga menguat 17,89 poin (1,60%) ke levle 1.132,99 dan Nasdaq melonjak 39,27 poin (1,73%) ke level 2.308,42.
Bursa Tokyo juga mengawali perdagangan Selasa (5/1/2010) di sisi positif. Indeks Nikkei-225 dibuka naik 87,36 poin (0,82%) ke level 10,742,15.
Pergerakan bursa-bursa global yang positif itu diharapkan masih bisa membawa IHSG ke teritori positif. IHSG pada perdagangan Selasa ini diprediksi masih akan bergerak positif dan semakin mendekati level 2.600.
Berikut rekomendasi saham untuk hari ini:
Panin Sekuritas:
Optimisme akan berlanjutnya pemulihan ekonomi nasional dan global pasca resesi global mendorong indeks menguat +1,62% ke level 2.575,413. Pengumuman angka inflasi 2009 yang hanya sebesar 2,78% menambah keyakinan investor, BI masih akan mempertahankan kebijakan suku bunga rendah untuk beberapa waktu mendatang. Sementara hari ini kami perkirakan indeks akan bergerak mixed dengan kecenderungan menguat terbatas. Tipisnya nilai transaksi sehubungan dengan rendahnya volume dan frekuensi perdagangan memberikan sinyal bahwa sebagian investor masih melakukan wait and see. Kami proyeksikan indeks akan bergerak pada kisaran support-resistance 2.559-2.594.
Optima Sekuritas:
IHSG membuka awal 2010 dengan meneruskan rally yang di buat pada akhir 2009 dengan meningkat 1.6% ke level 2.575. Kenaikan bursa di dorong oleh saham blue chip terutama sektor banking setelah BPS mengumumkan inflasi tahun 2009 hanya sebesar 2.78% atau terendah selama 10 tahun terakhir. Rendahnya laju inflasi tersebut akan menjadi sentimen positif bagi sektor yang sensitif terhadap suku bunga seperti banking, automotif, semen dan properti. Nilai transaksi meskipun masih tipis namun menunjukkan peningkatan. Indeks diperkirakan masih menguat kembali mendekati 2.600 sementara support di 2.540.
sumber detik finance
Wall Street Melesat di Awal Tahun
Saham-saham di bursa Wall Street mengawali perdagangan tahun 2010 dengan sempurna. Saham-saham bergerak menguat didorong sentimen rally pasar global dan data ekonomi yang positif.
Data positif pendorong Wall Street adalah dari indeks manufaktur Institute for Supply Management yang naik ke titik tertingginya sejak April 2006 ke 55,9 pada Desember 2009. Pada November, indeks hanya 53,6%.
Laporan itu senada juga terjadi di China, dimana indeks pembelanjaan manufaktur, HSBC Manufacturing PMI tercatat naik menjadi 56,1 pada Desember dari 55,7 pada November.
Pada perdagangan Senin (4/1/2010), indeks Dow Jones industrial average (DJIA) tercatat naik 155,91 poin (1,50%) ke level 10.583,96. Indeks Standard & Poor's 500 juga menguat 17,89 poin (1,60%) ke levle 1.132,99 dan Nasdaq melonjak 39,27 poin (1,73%) ke level 2.308,42.
Kenaikan tajam tersebut membawa indeks Dow Jones dan S&P 500 ke titik tertingginya dalam 15 bulan, sementara Nasdaq tertinggi dalam 16 bulan.
"Angka ISM sangat, sangat baik dan kami pikir ini adalah titik untuk melanjutkan penguatan dan keseluruhan, semuanya yang ada di pasar baik dalam jangka pendek," ujar Karl Mills, presiden Jurika Mills and Keifer seperti dikutip dari Reuters, Selasa (5/1/2010).
Saham-saham energi dan material menjadi jawara di S&P 500 berkat data prospek sektor manufaktur yang lebih baik itu. Hal itu diyakini akan menaikkan permintaan bahan bakar, listrik, logam dan komoditas lain.
Perdagangan berjalan cukup lumayan, dengan transaksi di New York Stock Exchange sebanyak 1,01 miliar, di bawah rata-rata tahun lalu sebanyak 2,18 miliar. Di Nasdaq, transaksi mencapai 1,95 miliar.
sumber detik finance
Data positif pendorong Wall Street adalah dari indeks manufaktur Institute for Supply Management yang naik ke titik tertingginya sejak April 2006 ke 55,9 pada Desember 2009. Pada November, indeks hanya 53,6%.
Laporan itu senada juga terjadi di China, dimana indeks pembelanjaan manufaktur, HSBC Manufacturing PMI tercatat naik menjadi 56,1 pada Desember dari 55,7 pada November.
Pada perdagangan Senin (4/1/2010), indeks Dow Jones industrial average (DJIA) tercatat naik 155,91 poin (1,50%) ke level 10.583,96. Indeks Standard & Poor's 500 juga menguat 17,89 poin (1,60%) ke levle 1.132,99 dan Nasdaq melonjak 39,27 poin (1,73%) ke level 2.308,42.
Kenaikan tajam tersebut membawa indeks Dow Jones dan S&P 500 ke titik tertingginya dalam 15 bulan, sementara Nasdaq tertinggi dalam 16 bulan.
"Angka ISM sangat, sangat baik dan kami pikir ini adalah titik untuk melanjutkan penguatan dan keseluruhan, semuanya yang ada di pasar baik dalam jangka pendek," ujar Karl Mills, presiden Jurika Mills and Keifer seperti dikutip dari Reuters, Selasa (5/1/2010).
Saham-saham energi dan material menjadi jawara di S&P 500 berkat data prospek sektor manufaktur yang lebih baik itu. Hal itu diyakini akan menaikkan permintaan bahan bakar, listrik, logam dan komoditas lain.
Perdagangan berjalan cukup lumayan, dengan transaksi di New York Stock Exchange sebanyak 1,01 miliar, di bawah rata-rata tahun lalu sebanyak 2,18 miliar. Di Nasdaq, transaksi mencapai 1,95 miliar.
sumber detik finance
Langganan:
Postingan (Atom)
Postingan
