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Week In Review

By

Have a great weekend Minyans!

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Market Recap

The "Four Sisters" posted another impressive week of gains led by the eldest sister, the DJIA, as it continues to set new closing highs. The markets were helped by benign inflation data as both wholesale and consumer prices dipped in October. Lower oil prices and U.S. Airways hostile bid for Delta Airlines helped lift the transports to four-month highs.

Spot crude fell to its lowest levels of the year on Thursday as traders focused on a warm winter and slowing demand for the Texas Tea. Crude stabilized on Friday over concerns of another OPEC production cut.

Bonds initially rallied after Tuesday's soft PPI data with the yield on the 10yr falling to 4.52% but then sold off a day later when the New York State Manufacturing Index showed signs of strong economic growth.

The "Four Sisters" Performance



ETF Watch



Top Headlines

US Airways
(LCC) made an $8 billion bid for Delta Air Lines (DALRQ.PK) despite Delta's comments about not being interested in a merger. The combined force would represent the largest commercial aircraft fleet in the world. (Wed 15th)

The Consumer Price Index (CPI) for the month of October fell 0.5% for the second straight month behind falling oil prices. The Producer Price Index (PPI) fell by 1.6%, as wholesale prices plunged by a record amount. (Thurs 16th & Tue 14th)

Housing production declined in October to its lowest level in six years as the "housing recession" continues to deepen. (Fri 17th)

Steny Hoyer beat out John Murtha for the incoming House Majority Leader by an easy margin. New House Speaker Nancy Pelosi did not get her wish of having Murtha elected. (Thurs 16th)

New York Mercantile Exchange (NMX) made its much anticipated debut as a public company on Friday after 134 years of being private. (Fri 17th)

Earnings Snapshot

The nation's leading home improvement center Home Deport reported a 3.1% drop in quarterly profit attributed to a slowing housing market and calm storm season. (Tue 14th)

Shares of Wal-Mart (WMT) rose after the discount retailer posted strong quarterly sales despite a slowdown in sales growth. Rival Target (TGT) also posted impressive sales figures as the holiday shopping season begins. (Tue 14th)

Sporting goods vendor Dick's Sporting Goods (DKS) beat Wall Street estimates and raised their full-year guidance. (Mon 13th)

Coffee chain Starbucks Corp. (SBUX) reported a 5% dip in quarterly profit attributed to higher labor and material costs. (Fri 17th)

Hewlett-Packard Co. (HPQ) quadrupled 4th quarter profits beating Wall Street estimates. (Thurs 16th)

Market Movers: Winners and Sinners

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No positions in stocks mentioned.

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