Economic Calendar


Live Economic Calendar Powered by the Forex Trading Portal Forexpros.com

Currency Strenght

Tuesday 30 April 2013

Eurusd ECB rate cut was not a done deal were partly attributed

Euro Above 100 DMA Ahead of FOMC




Today's attempt by EURUSD to break above its 100-DMA appears to have more momentum than that of 2 weeks ago. Reports that a Thursday ECB rate cut was not a done deal were partly attributed to today's euro rally. Meanwhile, the broad decline in the greenback is a result of rising expectations that the FOMC has little choice but to downgrade its economic view on Wednesday and dampen expectations of any early reduction of QE. Meanwhile, ECB's Draghi is now “forced” by the market to deliver the much anticipated rate cut --even if it has little macroeconomic effect. Leaving rates unchanged would prop the euro higher, while cutting rates will depend on the extent of the ECB's downgrade of its Eurozone view. We issued a new edition of the Premium Insights with 2 new Premium charts on EURUSD and trades on USDJPY and GBPUSD. The rest of the insights will be released later today. More on the latest Premium Insights.
wriiten by Ashraf Laidi



Tesco 4hrs With Daily Support and Resistance

4hrs With Daily Support and Resistance

Stock Update

MOSCOW--Russian billionaire Alisher Usmanov has bought around $100 million of shares in Apple Inc. (AAPL), Mr. Usmanov's USM Holdings said Tuesday.
Mr. Usmanov's stake in Apple follows a decline in the share price of the U.S. technology giant. It could not be confirmed when and at what price Mr. Usmanov had purchased the Apple shares, and USM Holdings had no further comment regarding the purchase.
USM Holdings was formed in early 2012 and holds assets in technology, media, telecommunications and mining.

Shares of coffee giant Starbucks Corp. (SBUX) reached a new 52-week high of $60.92 on Monday, Apr 29, following strong earnings results for the second quarter of fiscal 2013. Starbucks also upped its earnings guidance for fiscal 2013, while retaining its sales, comps and operating margin outlook.
The closing price of the coffee maker on Apr 29 was $60.58, representing a solid 1-year return of about 5.6% and year-to-date return of about 10.2%. Average volume of shares traded over the last three months stands at approximately 5180K.
Growth Drivers
During the second quarter of fiscal 2013, earnings soared 20% year over year to 48 cents on the back of solid margin growth.
Total sales for the second quarter increased 11% year over year to $3.56 billion but slightly missed the Zacks Consensus Estimate of $3.59 billion. Beverage and food innovations and the steady sales growth in the U.S. and Asia were partially offset by the weakness in Europe.

Netflix Inc. (NFLX) said its original new series "Orange Is The New Black" will premiere July 11, as the online-video company continues its push to compete with rival Amazon.com Inc. (AMZN) and muscle into territory dominated by Time Warner Inc.'s (TWX) HBO and CBS Corp.'s (CBS) Showtime cable networks.
Netflix currently has the dominant status in media streaming, but analysts have warned this could soon give way to a more-competitive--and less-profitable--environment, as online rivals such as Amazon quickly have added more content of their own.
To help increase subscriber rolls and retain existing customers, Netflix has been spending heavily to acquire new content and plan original programs, including a reboot of the critically praised "Arrested Development" series, and its highly popular original political drama series "House of Cards."
Netflix described "Orange Is The New Black" as a comedic drama starring Taylor Schilling, set in a women's prison and based on the U.S. best-selling memoir by Piper Kerman. All 13 one-hour episodes in the series from Lions Gate Entertainment Corp.'s (LGF) Lionsgate Television will be available at launch.
Netflix said its members will have access to the show at 12:01 a.m. PDT in all territories where Netflix is available--the U.S., Canada, the U.K., Ireland, Latin America, Brazil and the Nordics.
Netflix has also been trying to defend its market share by striking exclusive deals to stream content. In March, the video company disclosed an agreement with Fox Entertainment Group, a part of the Fox Television Studios Inc. unit of News Corp. (NWSA, NWS.AU), to make the third season of "The Killing" available exclusively for its streaming members after the show is aired in the U.S. That disclosure came a few weeks after rival Amazon said it had struck a content-licensing agreement with Public Broadcasting Service's PBS Distribution, making its Prime Instant Video the exclusive subscription home for streaming the PBS television series "Downton Abbey." News Corp. owns Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires.
Earlier this month, Netflix reported it had swung to a first-quarter profit as the movie-subscription company continued to add more Internet subscribers and also disclosed a new plan that will allow users to stream four videos simultaneously.
Shares closed Monday at $215.01 and were inactive in recent premarket trading. The stock has more than doubled in the past 12 months.

IBM Board approves 12% increase in Quarterly Cash Dividend 5.0Billion

DAILY

The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $0.95 per common share, payable June 10, 2013 to stockholders of record May 10, 2013.
Today’s dividend declaration represents an increase of $0.10, or 12 percent higher than the prior quarterly dividend of $0.85 per common share.
This is the 18th year in a row that IBM has increased its quarterly cash dividend, and the tenth year in a row of double-digit percent increases. IBM has increased its dividend by over 600 percent since the beginning of 2000.
With the payment of the June 10 dividend, IBM will have paid consecutive quarterly dividends every year since 1916.
The board today also authorized $5 billion in additional funds for use in the company’s stock repurchase program. IBM will repurchase shares on the open market or in private transactions from time to time, depending on market conditions. This amount is in addition to approximately $6.2 billion remaining at the end of March from a prior authorization. With this new authorization, IBM will have approximately $11.2 billion for its stock repurchase program. IBM expects to request additional share repurchase authorization at the October 2013 board meeting. IBM has reduced its share count by a third since the beginning of 2000.
Ginni Rometty, IBM chairman, president and chief executive officer said, “IBM’s business model focused on higher value and continuous transformation continues to generate strong profit and cash flow. This enables the company to deliver value to our shareholders. Since 2000, we have returned over $150 billion to shareholders in the form of dividends and share repurchases.”

Put it on the Card 'Mastcard' release Earnings today

Daily 

Earnings Whisper ®: $6.38 
 Consensus Estimate:$6.19 
 Revenue Estimate: $1.9 Bil 
 Release Date: [c]5/1/2013 
Before Open 
 Expected Time 2: 8:00 AM ET 
 Conference Call: 9:00 AM ET 
 

Earnings Whisper ®:
$6.38 
 Consensus Estimate:
$6.19 
 Revenue Estimate:
$1.9 Bil 
 Release Date: [c]
5/1/2013 
Before Open 
 Expected Time 2:
8:00 AM ET 
 Conference Call:
9:00 AM ET 
Analysts' Targets
 UBS Securities
$519 
    Buy
    Thursday, February 21, 2013
 FBR Capital Markets & Co.
$575 
    Outperform
    Friday, February 01, 2013
 RBC Capital Markets
$608 
    Outperform
    Friday, February 01, 2013
 Deutsche Bank Securities
$590 
    Hold
    Tuesday, January 22, 2013
 Oppenheimer & Co. Inc.
$575 
    Outperform
    Friday, January 18, 2013
 Barclays Capital
$575 
    Overweight
    Wednesday, January 02, 2013
 Argus Research
$575 
    Buy
    Friday, December 21, 2012
 Stifel Nicolaus
$527 
    Sell
    Thursday, November 01, 2012

Analysts' Targets
 UBS Securities$519 
    Buy
    Thursday, February 21, 2013
 FBR Capital Markets & Co.$575 
    Outperform
    Friday, February 01, 2013
 RBC Capital Markets$608 
    Outperform
    Friday, February 01, 2013
 Deutsche Bank Securities$590 
    Hold
    Tuesday, January 22, 2013
 Oppenheimer & Co. Inc.$575 
    Outperform
    Friday, January 18, 2013
 Barclays Capital$575 
    Overweight
    Wednesday, January 02, 2013
 Argus Research$575 
    Buy
    Friday, December 21, 2012
 Stifel Nicolaus$527 
    Sell
    Thursday, November 01, 2012

Facebook Earning Release Today so lets Prepare for Profits

Weekly 

Daily 
social networking traffic. In antithesis to the conclusion that the company is losing traffic, there have been several recent reports demonstrating strength in the company’s traffic numbers.
Earlier in April, a study performed by Piper Jaffray concluded that Facebook Inc (NASDAQ:FB) was still the most popular social networking site among teenagers. More recently there was a Facebook redesign intended to drive traffic to the social network from Yelp!, and estimates for the firm’s mobile revenue continued to look healthy.
Today’s reaction concerning a drop off in traffic to Facebook Inc (NASDAQ:FB) in the United States was slight. As the SocialBakers report stated, “The bottom line here is that there is no story.”
Facebook Inc (NASDAQ:FB) is due to report its results for the first three months of 2013 on Wednesday. After today’s report, analysts will be studying the report closely for signs of weakness in the firm’s domestic market. So far in 2013, the firm’s stock has increased by just under 2 percent, despite the overall strength of the tech market, and the web industry in particular. In the same period, the Nasdaq index gained more than 9 percent
4hrs
Analysts' Targets
 Oppenheimer & Co. Inc.$32 
    Outperform
    Tuesday, April 09, 2013
 Argus Research$36 
    Hold
    Friday, April 05, 2013
 UBS Securities$26 
    Neutral
    Tuesday, April 02, 2013
 Needham & Co.$33 
    Buy
    Monday, December 24, 2012
 Cantor, Fitzgerald$33 
    Buy
    Wednesday, December 19, 2012
 Capstone Investments$35 
    Hold
    Tuesday, December 11, 2012
 Stifel Nicolaus$26 
    Hold
    Wednesday, October 24, 2012

Analysts' Targets
 Oppenheimer & Co. Inc.$32 
    Outperform
    Tuesday, April 09, 2013
 Argus Research$36 
    Hold
    Friday, April 05, 2013
 UBS Securities$26 
    Neutral
    Tuesday, April 02, 2013
 Needham & Co.$33 
    Buy
    Monday, December 24, 2012
 Cantor, Fitzgerald$33 
    Buy
    Wednesday, December 19, 2012
 Capstone Investments$35 
    Hold
    Tuesday, December 11, 2012
 Stifel Nicolaus$26 
    Hold
    Wednesday, October 24, 2012

Analysts' Targets
 Oppenheimer & Co. Inc.
$32 
    Outperform
    Tuesday, April 09, 2013
 Argus Research
$36 
    Hold
    Friday, April 05, 2013
 UBS Securities
$26 
    Neutral
    Tuesday, April 02, 2013
 Needham & Co.
$33 
    Buy
    Monday, December 24, 2012
 Cantor, Fitzgerald
$33 
    Buy
    Wednesday, December 19, 2012
 Capstone Investments
$35 
    Hold
    Tuesday, December 11, 2012
 Stifel Nicolaus
$26 
    Hold
    Wednesday, October 24, 2012
Facebook founder and CEO Mark Zuckerberg will earn a $1 salary in 2013, according to recent documents filed from the company with the Securities and Exchange Commission.
According to our sister publication the Silicon Valley Business Journal, in 2012, Zuckerberg earned $503,205 in annual salary and a bonus of $266,101. However, in 2013 he will voluntarily take only $1 in salary and no bonus.
Zuckerberg joins a club of other tech company CEOs earning only $1 in salary, including Google's Larry Page, Oracle's Larry Ellison and HP's Meg Whitman

Friday 26 April 2013

The Law of Burning desire

Good morning Rise and shine from the inside out!!
Below is a recap of what we've learnt and something fresh for the new guys.........
The Law of Burning desire
The motivation to acquire wealth must be accompanied by a burning desire for wealth creation:
a burning desire protects your mind in moments of discouragement. It helps you to face challenges and obstacles which present themselves on a day-by-day basis. Desire links us to the proof and result we desire.

Wilfred Peterson said" Success is focussing the full power of all you are on what you have a burning desire to achieve"

Burning desire with a rage to Master in trading: is what keeps you fired up when everything around you seems to show a negative indication

Therefore your action must be consistent with your desire. Your actions end up reinforcing your desire

In the film with Will smith " The Pursuit of Happiness" Will said how did Abraham Lincoln know to add the "Pursuit",
he said because for some they may not reach that happiness.

Therefore I say add that burning Desire to the equation the Easily believe that it is done. This is what makes Pursuit Possible. It gives the energy for running until there are results
Desire is a quality you must possess I order to win
Napoleons Hill said " The starting point of all achievement is Desire"

Sunday 21 April 2013

Caterpillar the next day End Of Day 22/04/2013 as predicted watch out for the next round of earnings

In the week ahead, it'll be up to the next round of earnings to turn sentiment around.
Another third of the Dow industrials will report with Caterpillar (CAT) ,




United Technologies Corp. (UTX) , DuPont (DD) , Travelers Cos. (TRV) , AT&T Inc. (T), Procter & Gamble Co. (PG), Boeing Co. (BA), 3M Co. (MMM) , Exxon Mobil Corp. (XOM) , Chevron Corp. (CVX) releasing results.

Caterpillar the next day End Of Day 22/04/2013 as predicted











Also of big interest in the coming week will be Apple Inc. (AAPL) , Netflix Inc. (NFLX), and Amazon.com Inc. (AMZN) to better gauge the resiliency of the U.S. consumer.
Apple ahead
Apple is of particular interest after its recent slide. The stock last week fell through $400 a share, down more than 44% from its all-time high of $705.07 in late September.
The iPhone maker is expected to report fiscal second-quarter earnings of $10.03 a share on revenue of $42.45 billion, according to analysts polled by FactSet. To underscore the importance of Apple, earnings for the tech sector are expected to fall 4% this season. They would grow 0.2% excluding Apple, according to Butters.
See 10 tech earnings you can't afford to miss.
"Everyone's waiting with bated breath to see if they can change the slide," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
But even more key in the coming week will be earnings from Dow component Caterpillar, he said.
"They'll serve as a litmus test particularly with their exposure to China," Luschini said. In the past week, China's economy grew by 7.7% in the first quarter, short of the 8% expected from economists. That data, combined with industrial output that showed a slowdown, sent commodities and stocks into a tailspin Monday.




No one company will likely stand out as a "smoking gun" that sums up corporate performance this season, said Phil Orlando, chief equity market strategist at Federated Investors.
"On balance, our expectations were very low," said Orlando, noting that negative earnings pre-announcements going into this season were at multi-year highs and that year-over year expectations were essentially flat.
"Management did a good job of lowering the expectations bar, and management has done a good job of lowering them for the second quarter," Orlando said.
Other earnings releases of note in the coming week will be Hasbro Inc. (HAS) and Texas Instruments Inc. (TXN) on Monday, Amgen Inc. (AMGN) and Lockheed Martin Corp. (LMT) on Tuesday, Yum Brands Inc. (YUM) and Whirlpool Corp. (WHR) on Wednesday, and Starbucks Corp. (SBUX) and Colgate-Palmolive Co. (CL) on Thursday.
Economy: Watch durables
But with earnings susceptible to the game of lowered expectations, what's going to be of more import to the markets is better economic data, Luschini said. Economic benchmarks, from manufacturing in the New York region to leading economic indicators, fell short of expectations in the past week.
On Wednesday, keep an eye on March durable goods orders, he said. Analysts surveyed by MarketWatch.

Gold Bears still in control unless ......

Gold 4hrs 

Gold Bounces up From weekly support 1 @ 1318 with a small retracement. Gold opens slightly above weekly fair value pivot @1406.684. if Gold bulls manages to sustain Mr price above this level then we could see the 1st attempt to take out the evening star formation @ 1423.883 a break above here would indicate further upside towards the 55DMA @ 1446 then the weekly R1 @ 1492.06 which is also the 61.8% fib from the initial swing down from highs @ 1580 To 1318.048
However

Gold Hrly Below 
on the downside a failure below the weekly fair value pivot @1406.684 we could see an ABCD formation to the downside as the bears resume control and there march on down 1st destination 1376 the possible an attack of the lows again @ 1318.048 weekly support 1

Friday 19 April 2013

A successful objective

Lesson 11 A successful objective
A trader has to learn to let the market tell you, him,her what it may do next and how much is enough.
This is extremely difficult when you consider there is absolutely no relationship between what the market may do next and your personal belief system on what it means to lose what it means to be wrong greed ( fear founded in a belief there will never be enough) and revenge.

Thursday 18 April 2013

“Chaos Reigns around the World”, but it has little effect on Markets


“Chaos Reigns around the World”, but it has little effect on Markets
Over the past week we have experienced the fall of ‘The Iron Lady’, a bomb going off at a marathon, 30 Farmers being injured at a Greek Farm whilst asking for pay, and also now a factory exploding. The real questions traders are asking themselves is how is this chaos in the western world going to effect the markets and the answer in the long run is that it’s not.
We should rather look towards the huge Macro Economic problems still being faced by Europe which are having an ever more present effect on individuals and Micro Economic policies.
 How can one right a report on financial news without mentioning the massive move we have seen on Gold over the past few days. The largest drop in the past 30 years has seen the asset go into meltdown. We are seeing price-action deviations at the highest levels of all time which is giving huge opportunities for corrective trading. Stick to Gold if you want to make a fast buck!!
EUR/USD
The EURUSD took out yesterday’s breakout bar (negating the breakout of course) as well as the prior 5 days’ lows. Price may very well trade lower but strong support is seen at 1.2934/67, which is the close of the reversal day, 50% retracement of the rally from 1.2744, and 4/8 low. The sharp nature of the decline is worrisome but let the dust settle and see if price reacts at 1.2970 before abandoning a bigger constructive outlook. Consider that the EURUSD low was made early in the month and being bullish on dips isn’t so frightening.
GBP/USD
The GBPUSD hasn’t quite reached previously mentioned levels of interest, which include 1.5460 (2 equal legs from the low), 1.5500 (top of former congestion) and 1.5605 (50% retracement). Viewed in the context of the bearish break from a 4 year triangle in February, we should be looking to align with the downtrend after a month of gains. Friday’s inside day setup was resolved to the downside which offers a level (1.5411) to operate from the bearish side.  Left in 3 waves the GBPUSD remains vulnerable near term. Trend-line support comes in at about 1.5150 on Thursday. 1.5274 is resistance.
GOLD and OIL
Prices are staging a shallow recovery from support at 1341.88, the 114.6% Fibonacci expansion. Near-term resistance is at 1376.93, the 100% level, with a break above that exposing the 1400/oz figure and the 76.4% Fib at 1433.58. Alternatively, a reversal below support targets the 123.6% Fib at 1320.28. For Oil, prices declined as expected after putting in a Bearish Engulfing candlestick pattern below resistance at the underside of a previously broken rising trend line set from the March 4 low. Sellers have now cleared support at 87.38, the 76.4% Fibonacci retracement, exposing the 84.04-85.19 area marked by the November 7 and December 11 2012 swing lows. The 87.38 mark has been recast as near-term resistance, with a move back above that eyeing the 61.85% Fib at 89.45.

Written by Amar
or contact me on kasim@onetwotrade.com

The Market is always Right

Lesson 10: The Market is always Right
What you believed about value and your reason for believing it may be of the highest quality, but if the market doesn't share your belief it doesn't really matter how right You are based on your superior reasoning process or what you believe to be the quality of your information, because prices are going to go in the direction of the greatest force.

The point here is that right and wrong as you may traditionally think of them don't exist in the Market environment. Academic, credentials, degrees, reputation, even a high I.Q. Don't make you right in this environment as they would in society. Movement in the markets creates opportunity to make money and making money in the markets is what trading is all about.

Each of you as individual traders will define what market conditions represents enough of an opportunity to put on a trade for whatever reason suit him or her. If the net result of the collective actions of all the traders participating in a move that us against your position, then they're right and you're the one who is losing money.

The markets are never wrong in what it does
"it just is."
So what do you do you are asking ?
1 as an individual interacting you must
1st : observer to perceive opportunity
2nd as a trader decide what is more important
Being right or making money because the two are no ways compatible or consistent with one another
3 master the techniques and the money will automatically follow
4: you have to believe 1 to 3 exist for you. And you only.

Tuesday 16 April 2013

See charts in earlier posts coca cola Goldman

Coca cola better than expected on numbers for come $0.46 vs 0.45 revenue 11.35 billion vs 10.94. tops estimates
Goldman Sachs group better than expected
$4.29 vs $3.88 already up 1.6%
Revenue $ 10.09 billion vs $ 9.72 billion
Great news

Monday 15 April 2013

Tracking Ebay releases its earnings on the 18/04/2013



Ebay daily 15/04/2013
eBay Inc. (EBAY) is set to report first quarter 2013 results on April17. Last quarter it posted a 4.92% positive surprise. Let’s see how things are shaping up for this announcement.
Growth Factors this Past Quarter
eBay’sstrength at PayPal, fast-growing presence in the mobile space and reinvigorated Marketplaces business all led to higher sales growth rates in the fourth quarter of 2012. The continuous introduction of new solutions to enhance the mobile shopping experience and rapid consumer adoption also attributed to higher sales. eBay’s mobile business touched $13 billion in 2012 and is expected to generate $20 billion of mobile commerce and payments volume in 2013.
However, the quarter was weak for eBay in terms of margin expansion. We believe that the sale of low-value items and increased expenditure on the launch of various new products will continue to hurt margins.
The company is also facing strong competition from major online retailer Amazon.com. Google (GOOG) has also been making some plays in the online retail/payments segment that potentially increase the competition for the company.
Earnings Whispers?
Our proven model does not conclusively show that eBay is likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP (Read: Zacks Earnings ESP: A Better Method) and a Zacks Rank #1, #2 or #3 for this to happen. That is not the case here as you will see below.
Negative Zacks ESP:  The Most Accurate estimate stands at $0.53 while the Zacks Consensus Estimate is higher at $0.54. That is a difference of -1.85%.
Zacks Rank #3 (Hold): eBay’s Zacks Rank #3  (Hold) lowers the predictive power of ESP because the Zacks Rank #3 when combined with a negative ESP makes surprise prediction difficult. We caution against stocks with Zacks Ranks #4 and #5 (Sell rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.
17/04/2013 daily charts



18/04/2013
eBay, Inc. (EBAY) reported first quarter earnings of $0.63 per share on revenue of $3.7 billion. The consensus earnings estimate was $0.62 per share on revenue of $3.8 billion for the quarter ending March 31, 2013. The Earnings Whisper ® number was $0.64 per share.




Citi Group News


Citigroup Inc. (NYSE: C) today reported net income for the first quarter 2013 of $3.8 billion, or $1.23 per diluted share, on revenues of $20.5 billion. This compared to net income of $2.9 billion, or $0.95 per diluted share, on revenues of $19.4 billion for the first quarter 2012.
CVA/DVA was $(319) million ($(198) million after-tax) in the first quarter, mainly resulting from the improvement in Citigroup’s credit spreads, compared to $(1.3) billion ($(800) million after-tax) in the prior year period. First quarter 2012 results included a net gain of $477 million on minority investments ($308 million after-tax)5. Excluding CVA/DVA in both periods and the gain on minority investments in the first quarter 2012, first quarter 2013 revenues increased 3% from the prior year period to $20.8 billion. First quarter 2013 earnings were $1.29 per diluted share, representing a 16% increase from prior year earnings of $1.11 per diluted share (excluding CVA/DVA and the gain on minority investments in first quarter 2012), as higher revenues and lower net credit losses were partially offset by higher legal and related expenses, a lower loan loss reserve release and a higher effective tax rate.
Michael Corbat, Chief Executive Officer of Citi, said, “Achieving consistent, high-quality earnings is one of my top priorities and these results are encouraging. During the quarter, we benefitted from seasonally strong results in our markets businesses, sustained momentum in investment banking, continued year-over-year growth in loans and deposits in Citicorp, and a more favorable credit environment. However, the environment remains challenging and we are sure to be tested as we go through the year.
“In addition to our performance across business lines, there were several other areas where we made progress. We reduced the drag on earnings caused by Citi Holdings and utilized a modest amount of our deferred tax assets. Our capital strength again improved during the quarter with the Tier 1 Common Ratio increasing to an estimated 9.3% on a Basel III basis. It is critical that Citi be viewed as an indisputably strong and stable institution and we made progress towards that goal,” Mr. Corbat concluded.
Citigroup revenues of $20.8 billion in the first quarter 2013 increased 3% from the prior year period, excluding CVA/DVA and the gain on minority investments in the first quarter 2012. This increase was driven by 2% growth in Citicorp revenues and 15% growth in Citi Holdings revenues.
Citicorp revenues of $19.6 billion in the first quarter 2013 included $(310) million of CVA/DVA reported withinSecurities and Banking. Citicorp revenues of $19.9 billion increased 2% from the prior year period, excluding CVA/DVA and the impact of minority investment in the first quarter 2012. Securities and Banking revenues grew 8% (excluding CVA/DVA), Global Consumer Banking (GCB) revenues were flat and Transaction Services (CTS) revenues were down 4%, all versus the prior year period.
Citi Holdings revenues of $901 million in the first quarter 2013 included $(9) million of CVA/DVA. Excluding CVA/DVA, Citi Holdings revenues were $910 million, up 15% versus the prior year period. Higher revenues in the Special Asset Pool drove the improvement in Citi Holdings revenues from the prior year period reflecting lower asset marks and lower funding costs. The improvement in Special Asset Pool revenues was partially offset by a decline in Local Consumer Lending revenues, mainly due to the continuing decline in assets. Total Citi Holdings assets of $149 billion declined $60 billion, or 29%, from the first quarter 2012. Citi Holdings assets at the end of the first quarter 2013 represented approximately 8% of total Citigroup assets.
Citigroup’s net income rose to $3.8 billion in the first quarter 2013 from $2.9 billion in the prior year period. Excluding the impact of CVA/DVA and the gain on minority investments in the first quarter of 2012, Citigroup net income increased 17% to $4.0 billion. This increase was driven by revenue growth and lower net credit losses, partially offset by higher expenses, a lower loan loss reserve release and a higher effective tax rate. Operating expenses of $12.4 billion were 1% higher than the prior year period mainly reflecting an increase in legal and related costs and repositioning charges. Citigroup’s cost of credit in the first quarter 2013 was $2.5 billion, a decrease of 16% over the prior year period, reflecting a $994 million improvement in net credit losses partially offset by a $513 million decline in net loan loss reserve releases. The higher effective tax rate reflected both higher earnings in North America as well as a higher tax rate on international operations due to a first quarter 2013 change in the assertion that earnings in certain international entities would be permanently reinvested outside the U.S.

Morning update



Economics

China GDP well below expectations

Actual: 7.7%
Consensus: 8.0%
Previous: 7.9%

Gold officially enters a bear market after significant falls to lows of $1425 an ounce

Gold fall explanation:
5.5billion euros
Speculation 400 million hold reserve
Portugal and italy may follow and other countries could do the same.

Pure pure Speculation
Stocks

Citigroup Q1 2013 earnings released today

Time: 13:00
EPS: $1.18

Sunday 14 April 2013

The Goldman Sachs Group, Inc


t the top spot is Goldman Sachs Group, Inc. (NYSE:GS).  During the maelstrom on Wall Street in 2008 that claimed Bear Stearns, Lehman Brothers and Merrill Lynch, only Goldman Sachs Group, Inc. (NYSE:GS), JP Morgan Chase, and Morgan Stanley (NYSE:MS) (thanks to a $9 billion infusion from Mitsubishi Bank) emerged intact…almost.
Goldman Sachs restructured itself as bank holding company, providing it with an asset base to help fund its investment and lending operations.  As a result, the more conservative Goldman Sachs Group, Inc. (NYSE:GS) has a balance sheet many Wall Street firms would envy; revenue is up 19% from 2011; net income jumped 68%, and the trailing price earnings ratio of 10.2x beats the rest of the sector at 25.5x.  Compare this to Morgan Stanley (NYSE:MS) with a trailing price/earning ratio of 1111x and 17% drop in 2012 revenue.

Read more at http://www.insidermonkey.com/blog/goldman-sachs-group-inc-gs-starbucks-corporation-sbux-non-wall-street-guru-betting-on-these-stocks-115554/#krErT6PA01xYilcf.99 

The Goldman Sachs Group, Inc. (NYSE: GS) today announced that it has declared dividends on the following series of its non-cumulative preferred stock (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock):
  • $229.17 per share of Floating Rate Non-Cumulative Preferred Stock, Series A;
  • $387.50 per share of 6.20% Non-Cumulative Preferred Stock, Series B;
  • $244.44 per share of Floating Rate Non-Cumulative Preferred Stock, Series C;
  • $244.44 per share of Floating Rate Non-Cumulative Preferred Stock, Series D; and
  • $371.88 per share of 5.95% Non-Cumulative Preferred Stock, Series I.
In addition, Goldman Sachs has declared a dividend of $1,044.44 per share of Perpetual Non-Cumulative Preferred Stock, Series E, and a dividend of $1,044.44 per share of Perpetual Non-Cumulative Preferred Stock, Series F.
The dividends on the Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series I Preferred Stock will be paid on May 10, 2013 to preferred shareholders of record on April 25, 2013. The dividends on the Series E Preferred Stock and Series F Preferred Stock will be paid on June 3, 2013 to preferred shareholders of record on May 19, 2013.
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

Coke Coke Coke news today cut jobs



















The Coca-Cola Company (NYSE:KO), the world’s largest maker of beverages announced its plan to cut 750 jobs in the United States as it continue to restructure its business operations, according to reportfrom the Associated Press.
coca cola logo
A spokesperson of the company said that a quarter of the workforce reduction will be in Coca-Cola’s headquarters, and it will across the board. All of the affected employees will receive a notice from the management of the beverage maker in the next several weeks.
The Coca Cola Company (NYSE:KO) total workforce in North America is approximately 75,000 and the job cuts represent 1 percent.
Last month, the beverage maker sent a memo to its employees and indicated that it had identified several areas in the business operation of the company that needs improvement since acquiring the North American operations in 2010, which it the largest bottler of The Coca Cola Company (NYSE;KO).
The company’s memo also said that it was restructuring its business operations in the United States from seven geographies down to three geographies to reflect the successful structure of its food-service business. In addition, Coca-Cola noted that it was able to generate profits in a year “marked with continued uncertainty in the global economy.”


n 2012, The Coca-Cola Company (NYSE:KO) reported a global sales growth of 4 percent driven by the Coca Cola brand. The beverage maker posted $1.97 earnings per share for the full year and its comparable EPS was $2.01. The results were up 6 percent and 5 percent respectively.
The Coca-Cola Company had been consolidating its global bottling system in BrazilJapan and a majority of its interest in Philippine bottling operations was sold to Coca-Cola FEMSA. The sale was completed last January 2013.

Yesterday 




The allure of Wall Street is strong. The minute by minute news bites are exciting and the plethora of people involved in the slightest movement of the market are entrancing. They know their audience and how to draw you in into their captivating world.

This was coke a few weeks ago
Earnings season has begun, and next Tuesday The Coca-Cola Company (NYSE:KOwill release its latest quarterly results. The key to making smart investment decisions on stocks reporting earnings is to anticipate how they'll do before they announce results, leaving you fully prepared to respond quickly to whatever surprises inevitably arise. That way, you'll be less likely to make an uninformed, knee-jerk decision.
The Coca-Cola Company (NYSE:KO) has the No. 1 brand in the world, and it represents the soft-drink industry in the Dow Jones Industrial Average. The stock has been on fire lately as investors look past lingering concerns about consumer demand and whether regulators and consumer groups will challenge its products due to health-related issues. But will that enthusiasm last, or will continued weak sales in the U.S. hurt the company's overall earnings prospects? Let's take an early look at what's been happening with The Coca-Cola Company (NYSE:KO) over the past quarter and what we're likely to see in its quarterly report.
Stats on Coca-Cola
Analyst EPS Estimate$0.45
Change From Year-Ago EPS2.3%
Revenue Estimate$11.05 billion
Change From Year-Ago Revenue(0.8%)
Earnings Beats in Past 4 Quarters2
Source: Yahoo! Finance.
Will The Coca-Cola Company (NYSE:KO) fizz or fizzle out this quarter? Analysts have let their earnings estimates for Coke go a bit flat in recent months. They've dropped their earnings calls for the just-finished quarter by a penny per share and reined in their full-year 2013 estimates by $0.03 per share. Yet the stock has barely blinked, rising more than 10% since early January.
Coca-Cola has done an incredible job of taking its iconic U.S. brand and translating it to different populations and cultures around the world. Nearly 80% of  The Coca-Cola Company (NYSE:KO)'s case volume comes from outside North America, and its products can be found in more than 200 countries. Moreover, The Coca-Cola Company (NYSE:KO)'s fastest growth has come from abroad: During 2012, volume grew 11% in Eurasia and Africa and 5% in Latin America.
Coke's global expansion hasn't come without some hiccups along the way. Last month, Chinese authorities accused the beverage maker's employees of improperly using GPS equipment to illegally gather classified information. Nevertheless, with Coke, Sprite, and Minute Maid all remaining extremely popular in the emerging-market giant, Coca-Cola's Chinese growth prospects remain strong.
Still, Coke's biggest fight is closer to home, as falling soft-drink consumption has hurt both it and rival PepsiCo, Inc. (NYSE:PEP). Moreover, with a high-profile regulatory attempt in New York City to limit sugary-drink consumption, investors are realizing that Coke could become a target across the nation. PepsiCo, Inc. (NYSE:PEP) is fortunate enough to have its global snack business to fall back on, helping to cushion the full blow of any setback in the beverage segment. But Coke's concentration in drinks could hurt its U.S. sales to a greater extent.
In Coca-Cola's quarterly report, watch for the company to address how it plans to handle the controversial energy-drink segment. With energy drink makers facing even more serious health concerns than the overall beverage industry, Coke will need to plot a careful path in order to maximize its potential in the high-growth area of the beverage market.

Read more at http://www.fool.com/investing/general/2013/04/12/cokes-earnings-could-make-the-dow-pop.aspx#mMlem7kcqPaSogPG.99 

Below is coke today as we have been keeping a close eye on its Price moments ahead of it Price earnings on Tuesday 
 With such huge upside potential it hard no to wonder


The Coca-Cola Company (NYSE:KO)
The real question at the core of this is ‘what do you want from your investments?’ Do you want a source of entertainment or a solid portfolio to build your future? Answering these questions is paramount as to how you interpret the unending information that comes from Wall Street.
If you believe, as Warren Buffett and Peter Lynch believe, that true value from a stock comes from owing a part of a company and watching that company grow, then the ticker tape means little to you. You will get more from the periodic company earnings reports, and your time will be better spent in analyzing their contents than what Wall Street said five minutes ago.
Fortunes are not made overnight, they are tended and watered and eventually grow up much like I hope my teenagers eventually will.
As I contemplate these questions fro myself, I look at companies built to last not just beyond the next stock turnover, but for this earnings season and many more to come.
So in our journey to find companies that will last, the most important factor is to follow the money, so to speak. That means companies which make money, year over year, and don’t squander it or build up debt trying to expand their operations.
The Coca-Cola Company (NYSE:KO)
This stock is a Warren Buffett darling. The company, started by a pharmacist in Georgia in 1886, has grown into an international brand. The company has built a sustainable competitive advantage, and because it is affordable and consumable, it means customers need to keep coming back for more.

Read more at http://www.insidermonkey.com/blog/the-coca-cola-company-ko-a-few-companies-that-are-built-to-last-116319/#jQpukZ1JWufhqlMM.99