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Monday, May 10, 2010

Futures jump: S&P 52.3 pts, Dow 400 pts, Nasdaq 81.25 US STOCKS-Futures soar after euro zone rescue plan

* Global leaders agree to $1 trillion emergency package

* Futures indicate S&P 500 could open up 4 pct

* Futures jump: S&P 52.3 pts, Dow 400 pts, Nasdaq 81.25

* For up-to-the-minute market news see [STXNEWS/US]

NEW YORK, May 10 (Reuters) - U.S. stock index futures soared on Monday, and the S&P 500 could open 4 percent higher, after global leaders agreed to a $1 trillion emergency rescue package that sent the euro and European stocks surging.

* The package pledged 500 billion euros ($670 billion) in loans and loan guarantees to euro-zone countries, plus about 250 billion euros from the International Monetary Fund. The package is on the same scale as the $700 billion bailout launched by the United States to stave off the credit crisis. For details, see

* Also, the U.S. Federal Reserve reopened currency swap lines with several central banks in hopes of assuring markets of dollar liquidity, and the European Central Bank said it would buy government debt to steady investor nerves. A number of European central banks said they had already started. [ID:nLDE649051]

* S&P 500 futures SPc1 rose 52.3 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures DJc1 shot up 400 points, and Nasdaq 100 futures NDc1 gained 81.25 points.

* In Europe, the pan-European FTSEurofirst 300 .FTEU3 index of top shares advanced 6.5 percent, rebounding from its biggest weekly drop in nearly 18 months.

* The heads of leading U.S. stock market operators were called to Washington for an emergency meeting on Monday to address whether they needed to add levers to their trading systems to halt sudden plunges in individual stocks, according to a source.

* The meeting comes on the heels of last week's dramatic intraday plunge in U.S. markets that has continued to perplex investors and regulators.

* In equities news, Boeing Co (BA.N) is on track to deliver its first 787 Dreamliner, which will compete with Airbus's (EAD.PA) A380 jet, a Boeing official said Saturday.

* Stocks turned negative for the year on Friday on fears of another credit crisis stemming from Greece's souring finances and lingering questions about what triggered last week's sudden plunge.

Sunday, May 2, 2010

Weekly CEO Sells stocks .....

Altera Corp. (ALTR): President and CEO John Daane sold 1,500,000 Shares
President and CEO of Altera Corp. (ALTR) John Daane sold 1,500,000 shares on 04/22/2010 at an average price of $26.08. Altera Corporation designs, manufactures, and markets programmable logic devices and associated development tools, focusing on ease of use, lower risk, and fast time-to-market. Altera Corp. has a market cap of $7.61 billion; its shares were traded at around $25.36 with a P/E ratio of 21.3 and P/S ratio of 6.4. The dividend yield of Altera Corp. stocks is 0.7%.

On April 20, Altera Corporation announced first quarter sales of $402.3 million, up 10 percent from the fourth quarter of 2009 and up 52 percent from the first quarter of 2009. New product sales increased 29 percent sequentially. First quarter net income was $153.2 million, $0.50 per diluted share, compared with net income of $103.0 million, $0.34 per diluted share, in the fourth quarter of 2009 and $44.0 million, $0.15 per diluted share, in the first quarter of 2009.

President and CEO John Daane sold 1,700,000 shares of ALTR stock in April, March and December. Acting CFO & CAO James Callas sold 2,729 shares of ALTR stock on 12/07/2009 at the average price of 22.08, the price of the stock has increased by 14.86% since. Sr. VP Business Dvlpmnt Lance Lissner sold 157,201 shares of ALTR stock in April. Sr VP & GM Penang Operation Jordan Plofsky sold 20,000 shares of ALTR stock on 04/14/2010 at the average price of 26, the price of the stock has decreased by 2.46% since.

Citigroup Inc. (C): CEO, Institutional Clients Grp John P Havens sold 597,177 Shares

CEO, Institutional Clients Grp of Citigroup Inc. (C) John P Havens sold 597,177 shares on 04/26/2010 at an average price of $4.68. Citigroup Inc, a financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $124.44 billion; its shares were traded at around $4.37 with and P/S ratio of 1.2.

On April 19, Citigroup Inc. reported first quarter 2010 net income of $4.4 billion or $0.15 per diluted share, and revenues of $25.4 billion.

CEO, Institutional Clients Grp John P Havens sold 597,177 shares of C stock on 04/26/2010 at the average price of 4.68, the price of the stock has decreased by 6.62% since. Director Judith Rodin sold 1,855 shares of C stock on 01/21/2010 at the average price of 3.34, the price of the stock has increased by 30.84% since.

Marriott International Inc. (MAR): Chairman & CEO, 10% Owner J W Jr Marriott sold 350,000 Shares
Chairman & CEO, 10% Owner of Marriott International Inc. (MAR) J W Jr Marriott sold 350,000 shares on 04/26/2010 at an average price of $37.86. Marriott International, Inc. operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers. Marriott International Inc. has a market cap of $13.18 billion; its shares were traded at around $36.76 with a P/E ratio of 40 and P/S ratio of 1.3. The dividend yield of Marriott International Inc. stocks is 0.4%.

On April 22, Marriott International, Inc. reported first quarter 2010 results, exceeding its revenue per available room and diluted earnings per share (EPS) expectations. Net income was $83 million in the first quarter of 2010 compared to a reported net loss of $23 million in the year-ago quarter. Reported diluted EPS was $0.22 in the first quarter of 2010 compared to reported diluted losses per share of $0.06 in the first quarter of 2009.

Chairman & CEO, 10% Owner J W Jr Marriott sold 546, 350 shares of MAR stock in April and March. 13D Group Owning more than 10% David S Marriott, 10% Owner Richard E Marriott, 13D Group Owning more than 10% John W Marriott III, Pres/COO Ritz Carlton Hotel Co Simon Cooper, and Vice Chairman of the Company William Joseph Shaw together sold 505,582 shares of MAR stock in April and March.

Omnicom Group Inc. (OMC): Chmn/CEO Omnicom Media Group Daryl Simm sold 258,334 Shares
Chmn/CEO Omnicom Media Group of Omnicom Group Inc. (OMC) Daryl Simm sold 258,334 shares on 04/22/2010 at an average price of $42.19. Omnicom Group Inc. provides corporate communications services to clients worldwide on a global, pan-regional, national and local basis. Omnicom Group Inc. has a market cap of $13.24 billion; its shares were traded at around $42.66 with a P/E ratio of 16.7 and P/S ratio of 1.1. The dividend yield of Omnicom Group Inc. stocks is 2%. Omnicom Group Inc. had an annual average earning growth of 18.2% over the past 10 years. GuruFocus rated Omnicom Group Inc. the business predictability rank of 3-star.

On April 20, Omnicom Group Inc. announced that its net income for the first quarter of 2010 decreased 0.7% to $163.4 million from $164.5 million in the first quarter of 2009. Omnicom's diluted net income per common share in the first quarter of 2010 decreased 1.9% to $0.52 per share from $0.53 per share in the first quarter of 2009.

Chmn/CEO Omnicom Media Group Daryl Simm, President & CEO TBWA Worldwide Thomas Carroll, and President & CEO DDB Worldwide Charles E Brymer together sold378,334 shares of OMC stock in March and April.

COLLECTIVE BRANDS (PSS): Chairman, CEO and President Matthew E Rubel sold 230,300 Shares
Chairman, CEO and President of COLLECTIVE BRANDS (PSS) Matthew E Rubel sold 230,300 shares on 04/27/2010 at an average price of $26.22. Payless ShoeSource, Inc. is a family footwear retailer in the Western Hemisphere, dedicated to democratizing fashion and design in footwear and accessories and inspiring fun, fashion possibilities for the family at a great value. Collective Brands has a market cap of $1.52 billion; its shares were traded at around $23.45 with a P/E ratio of 17.9 and P/S ratio of 0.5.

On Mar 09, Collective Brands, Inc. reported financial results for its 2009 fourth quarter and fiscal year ended January 30, 2010. The fourth quarter 2009 net loss attributable to Collective Brands, Inc. was $10.9 million, or $0.17 per diluted share, compared to a net loss of $144.0 million, or $2.28 per share, in the fourth quarter of 2008. Taking adjustments(1) into account, the fourth quarter 2009 net loss attributable to Collective Brands, Inc. was $11.6 million, or $0.18 per diluted share, driven by significant gross margin expansion. This compares to a fourth quarter 2008 net loss of $38.1 million, or $0.60 per share.

Chairman, CEO and President Matthew E Rubel sold 230,300 shares of PSS stock on 04/27/2010 at the average price of 26.22, the price of the stock has decreased by 10.56% since. Senior Vice President Michael J Massey sold 20,400 shares of PSS stock on 03/10/2010 at the average price of 22.27, the price of the stock has increased by 5.3% since.

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