benchmark-stock

European worries weigh down U.S benchmark stock indices

by on November 22, 2010

European worries weigh down U.S benchmark stock indices

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European worries weigh down U.S benchmark stock indices

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Earnings season lead benchmark stock indices above opening levels

by on October 18, 2010

Earnings season lead benchmark stock indices above opening levels

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Earnings season lead benchmark stock indices above opening levels

October 18, 2010

Earnings season lead benchmark stock indices above opening levels

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Overall conditions drag benchmark stock indices downwards as U.S stocks lost mojo!

September 22, 2010

Overall conditions drag benchmark stock indices downwards as U.S stocks lost mojo!

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Video: Control Risks’ Ramsay Discusses Outlook for Indonesia: Video

July 29, 2010

July 30 (Bloomberg) — Jacob Ramsay, an analyst with Control Risks Group, talks with Bloomberg’s Susan Li about the outlook for the Indonesian economy and government. Indonesia’s benchmark stock index has risen 22 percent this year, the best performer among Asia’s 10 biggest markets, as record-low interest rates accelerated growth in Southeast Asia’s biggest economy and boosted earnings. (Source: Bloomberg)

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Worst Returns Fail to Make U.S. Telephone Stocks Cheap: Chart of the Day

March 16, 2010

By Lu Wang and Rita Nazareth March 16 (Bloomberg) — Telephone companies in the U.S. including AT&T Inc. have posted the worst returns during the yearlong rally in the Standard & Poor’s 500 Index, and their shares are expensive considering their growth prospects. The top panel on the CHART OF THE DAY shows phone shares have risen 21 percent since March 9, 2009, the smallest advance among 10 industries in the S&P 500. The bottom panel shows the group’s PEG ratio, calculated by dividing its price-to-earnings multiple by forecast profit growth, is the highest at 2.8, according to data compiled by Leuthold Group LLC. The high valuation suggests AT&T and Verizon Communications Inc., the biggest U.S. telephone companies, may keep lagging behind, said Keith Wirtz , who oversees $18 billion as chief investment officer at Fifth Third Asset Management Inc. in Cincinnati. The group is the only one among 10 where analysts don’t foresee profit growth this year, according to average estimates compiled by Bloomberg. “These are going to be slow growers for a while because of the level of competition,” said Wirtz, whose firm is underweight phone stocks, meaning it owns less than their representation in benchmark stock indexes. “They may be pricey if you put on a three-to-five-year perspective.” The combined PEG ratio for the nine phone companies in the S&P 500 is twice the figure for the entire index, data from Minneapolis-based Leuthold show. To contact the reporters on this story: Lu Wang in New York at lwang8@bloomberg.net ; Rita Nazareth in New York at rnazareth@bloomberg.net .

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Thailand Stock Index May Decline to 610 on Sell Signal: Technical Analysis

August 18, 2009

By Anuchit Nguyen Aug. 18 (Bloomberg) — Thailand’s benchmark stock index may drop a further 3.5 percent after a trading momentum chart showed a sell signal, Tisco Securities Co. said. The SET Index may fall to a key support level of 610 next week, after the Moving Average Convergence-Divergence oscillator showed “negative divergence,” Viwat Techapoonpol, a Tisco analyst, wrote in a report today. The daily MACD line, based on the past 12 and 26 days, yesterday dropped below the signal line — based on the 9-day moving average — for the first time since July 20, according to data compiled by Bloomberg. “The SET may have some correction in the next two weeks before rallying again in September,” Viwat said. “The index may hold steady in the next two days before dropping further until the middle of next week.” The benchmark index dropped 3.4 percent to 632.05 yesterday, its biggest decline since May 14. The measure was little changed today, slipping 0.1 percent to 631.35 as of 11:10 a.m. in Bangkok. Technical sellers usually step in when the MACD drop below its signal line, a so-called bearish crossover. MACD charts can indicate whether a price shift is a change in trend or a short- term deviation, by comparing moving averages based on 9, 12 and 26-day periods. In technical analysis, investors and analysts study charts of trading patterns and prices to forecast changes in a security, commodity, currency or index. To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

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