Stocks on the move [HOT-RTRS]
Real-time Equity news [U E] [RESF/US]
U.S. stock market report [.N]
1113 ET 16Oct2009-MGIC Investment down after results, comments
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Shares of MGIC Investment Corp (MTG.N) plunged on Friday, after the company
reported a third-quarter loss that was wider than expected. The company also
said it may not be able to repay amounts owed under its notes due in 2011.
For details, see [ID:nBNG506601]
The stock fell 18 percent to $5.99.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1058 ET 16Oct2009-Markets fall after results from GE, BofA
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U.S. stocks were down on Friday, pressured by disappointing quarterly
results from Dow components General Electric Co (GE.N) and Bank of America
(BAC.N).
BofA reported a quarterly loss, while GE posted revenue that came in below
expectations.
For details, see [ID:nN16347140]
The Dow Jones industrial average .DJI fell 1.1 percent to 9,947.77 while
the S&P 500 .SPX lost 1.3 percent to 1,082.45 and the Nasdaq .IXIC was off
1.3 percent to 2,144.71.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1024 ET 16Oct2009-Scientific Games falls after JPMorgan downgrade
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Shares of Scientific Games Corp (SGMS.O) fell on Friday after JPMorgan
downgraded the stock to "neutral" from "overweight."
The firm wrote that various positives for the company, including a strong
balance sheet and potential growth opportunities, were already priced into the
shares.
For details, see [ID:nBNG323135]
The stock shed 7.3 percent to $17.76.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1012 ET 16Oct2009-Oct consumer sentiment unexpectedly falls-survey
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U.S. consumer sentiment fell unexpectedly in October on concerns that the
"dismal" state of personal finances wouldn't recover quickly from the
recession, a report showed on Friday.
The Reuters/University of Michigan Surveys of Consumers said its
preliminary index of sentiment for October fell to 69.4 from September's 73.5.
That was below economists' median expectation of a steady reading of 73.5,
according to a Reuters poll.
For details, see [ID:nN16349157]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0955 ET 16Oct2009-Bulls may rule October expiration-analyst
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Friday marks the monthly expiration of October options, an event that may
have a positive bias. Expiration-related activity only affects the broad market
if there is a preponderance of expiring in-the-money index open interest one
way or the other.
"This month, nearly all index calls are in-the-money, and very few index
puts are in-the-money," wrote Larry McMillan, president of McMillan Analysis
Corp in an Oct. 15 note to clients. Thus, calls dominate, and that has bullish
implications.
If the open interest levels hold up -- if the contracts outstanding are not
rolled forward nor exercised -- there should be bullish bias to expiration, he
said.
McMillan said monitoring options on the Nasdaq 100 .NDX is useful because
they are American Style exercise and thus can be exercised early. If the OEX is
above 505 as Friday's trading comes to a close, buy programs should be large
enough to influence the market, he added.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
0949 ET 16Oct2009-GE CEO says evaluating options for NBC unit
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Jeff Immelt, the chief executive of General Electric Co (GE.N), is
considering several scenarios for the future of NBC Universal if its minority
partner Vivendi SA (VIV.PA) chooses to sell its 20 percent stake.
The Dow component is considering the possibility of spinning off the media
arm through an initial public offering or taking on another partner, Immelt
said on a conference call.
For details, see [ID:nN16347312]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0927 ET 16Oct2009-Industrial output up 0.7 pct in September
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U.S. industrial output rose 0.7 percent in September, rising for the third
straight month, according to Federal Reserve data released on Friday.
Analysts polled by Reuters had expected an increase of 0.2 percent.
For details, see [ID:nN16344521]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
