US Markets Strong After Bernanke (C, WFC, JPM, BAC, DLTR, STEC, ADSK, HRB, BNE, RRD, AA)
US Markets Strong After Bernanke
(EMAILWIRE.COM, February 24, 2010 ) Dallas, Tx - After opening higher, US markets came off from day’s high after Sales of new homes in the U.S. unexpectedly fell in January to the lowest level on record. Purchases declined 11 percent to an annual pace of 309,000.
However, markets again edged after Bernanke told Congress that while policy makers will need to tighten monetary policy at some point, the “nascent” economic rebound still requires low interest rates for an extended period.
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Financial Stocks are leading the gains with Bank of America Corporation (NYSE:BAC) jumped mover 2%, followed by Citigroup Inc. (NYSE:C), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC).
One of the biggest retailer, Dollar Tree, Inc. (NASDAQ:DLTR) jumped 12% to $55.50 and today made an all time high of $56. Today, the company reported stronger-than-expected quarterly earnings and also provided a rosy outlook for the current fiscal year.
STEC, Inc. (NASDAQ:STEC) is the biggest percentage gainer after the company said that it expect to report loss of 11 - 13 cents a share in the current quarter, while analysts are expecting to report a profit of 20 cents a share.
Autodesk, Inc. (NASDAQ:ADSK) also edging higher after it reported a stronger than expected qurtely earnings.
H&R Block, Inc. (NYSE:HRB) plunged 14.39% to $16.89after it said that it will miss its internal estimate for fiscal 2010 earnings because it is preparing fewer tax returns than it expected to, sending shares down more than 10%.
Bowne & Co., Inc. (NYSE:BNE) share soared 60% to $11.16 after Printing services firm R.R. Donnelley & Sons Company (NASDAQ:RRD) has agreed to acquire Bowne & Co Inc (BNE.N), which helps companies print regulatory filings, for $481 million.
Shares of RRD are also trading over 3% up.
Alcoa Inc. (Public, NYSE:AA) fell 0.6%.
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However, markets again edged after Bernanke told Congress that while policy makers will need to tighten monetary policy at some point, the “nascent” economic rebound still requires low interest rates for an extended period.
To subscribe these free stock market alerts visit : http://www.SuperHotPennyStocks.com
Financial Stocks are leading the gains with Bank of America Corporation (NYSE:BAC) jumped mover 2%, followed by Citigroup Inc. (NYSE:C), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC).
One of the biggest retailer, Dollar Tree, Inc. (NASDAQ:DLTR) jumped 12% to $55.50 and today made an all time high of $56. Today, the company reported stronger-than-expected quarterly earnings and also provided a rosy outlook for the current fiscal year.
STEC, Inc. (NASDAQ:STEC) is the biggest percentage gainer after the company said that it expect to report loss of 11 - 13 cents a share in the current quarter, while analysts are expecting to report a profit of 20 cents a share.
Autodesk, Inc. (NASDAQ:ADSK) also edging higher after it reported a stronger than expected qurtely earnings.
H&R Block, Inc. (NYSE:HRB) plunged 14.39% to $16.89after it said that it will miss its internal estimate for fiscal 2010 earnings because it is preparing fewer tax returns than it expected to, sending shares down more than 10%.
Bowne & Co., Inc. (NYSE:BNE) share soared 60% to $11.16 after Printing services firm R.R. Donnelley & Sons Company (NASDAQ:RRD) has agreed to acquire Bowne & Co Inc (BNE.N), which helps companies print regulatory filings, for $481 million.
Shares of RRD are also trading over 3% up.
Alcoa Inc. (Public, NYSE:AA) fell 0.6%.
ABOUT http://www.SuperHotPennyStocks.com
Super Hot Penny Stocks alerts its members on daily stock trading so that they can invest wisely. Thousands of investors receive our daily stock alerts and have made huge gains in the penny stocks. You can also take advantage of the information provided, to be really successful in the stock market business. We also track various hot stocks of the day, top gainers ,52 week high and much more. You can also feature your web link on our website by contacting us through email.
###
Press release service and press release distribution by EmailWire.Com - http://www.emailwire.com/press_release_service_otc_pink_sheets.php
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