Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Week in Review


See you on Monday, Minyans!


Market Recap

The "Four Sisters" were under pressure all week as concerns over inflation resurfaced. Core consumer prices and unit labor costs continue to reside outside the Fed's "comfort zone." Friday's upward revision to payrolls from the past quarter signaled a stronger than expected labor market which certainly will have "Big Ben and the Gang" on the defensive. Bonds sold off sharply as the 10-year yield notched a 100+ basis point move.

Crude sold off early in the week as investors questioned OPEC's announcement to cut production, but stabilized Friday after Nigerian militants threatened to attack oil facilities. Weakness in the dollar helped the precious metals retrace some of the losses from their mid-May peak.

The "Four Sisters" Performance

ETF Watch

Top Headlines

Payrolls for the month of October rose by 92,000 new jobs and job growth was revised upward in August and September. Further, the unemployment rate dipped to a 5-year low of 4.4%, giving the Republicans some political "ammo" heading into the mid term elections next week. (Fri 3rd)

Rivals Microsoft (MSFT) and Novell (NOVL) announced a partnership designed to build a working relationship between Windows and Linux systems. (Fri 3rd)

U.S. business productivity slowed to a standstill during the 3rd quarter while unit labor costs grew 3.7%, an uncomfortable level by the data dependent Fed. (Thurs 2nd)

Drug store chain CVS (CVS) announced it will buy pharmacy benefit manager Caremark (CMX) for $21 billion in stock. (Thurs 2nd)

October retail sales were mixed, but worries mounted over the entire industry after Wal-Mart's (WMT) intention to offer deep discounts this holiday season which could spark a price war among retailers. (Thurs 2nd)

Earnings Snapshot

Consumer product giant Proctor & Gamble (PG) beat Wall Street estimates, but investors were concerned that profits barely met profit views for the quarter. (Tue 31st)

Telecom service company Verizon Wireless (VZ) beat profit forecasts, but investors still were concerned over its "wired" division of its business. (Mon 30th)

Whole Foods Market (WFMI) sold off sharply after the company announced slower growth ahead. (Thurs 2nd)

Washington Post (WPO) reported a 10% rise in quarterly profit helped by a sale of a property and marketable securities. (Fri 3rd)

Turnaround story United Airlines (UAUA) was able to post back to back quarterly gains for the first time in 6 years. Higher fuel charges were offset by higher fares and lower restructuring costs. (Tue 31st)

Market Movers: Winners and Sinners

No positions in stocks mentioned.

The information on this website solely= reflects the analysis of or opinion about the performance of securities an= d financial markets by the writers whose articles appear on the site. The v= iews expressed by the writers are not necessarily the views of Minyanville = Media, Inc. or members of its management. Nothing contained on the website = is intended to constitute a recommendation or advice addressed to an indivi= dual investor or category of investors to purchase, sell or hold any securi= ty, or to take any action with respect to the prospective movement of the s= ecurities markets or to solicit the purchase or sale of any security. Any i= nvestment decisions must be made by the reader either individually or in co= nsultation with his or her investment professional. Minyanville writers and= staff may trade or hold positions in securities that are discussed in arti= cles appearing on the website. Writers of articles are required to disclose= whether they have a position in any stock or fund discussed in an article,= but are not permitted to disclose the size or direction of the position. N= othing on this website is intended to solicit business of any kind for a wr= iter's business or fund. Minyanville management and staff as well as co= ntributing writers will not respond to emails or other communications reque= sting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.



Featured Videos