Wk of Dec 7-11th Major $Events/Calendar/Earnings
FIRST, we had 6 U.S. Friday Nite Bank Flights for Dec 4th~Regulators on Friday closed three banks in Georgia, bringing the number of bank failures in that state this year to 24, and one each in Virginia, Illinois and Ohio. The biggest bank to close on Friday was *AmTrust Bank of Cleveland, Ohio, which had assets of $12 billion and deposits of $8 billion. **The New York Community Bank of Westbury, New York, assumed its deposits.
**NOTE: very interesting piece posted at Zero Hedge involving the questionable action on NYB caught on screens late Friday afternoon, use link to view in full==>Under the terms of the agreement,the Community Bank did not acquire any of AmTrust Bank’s non-performing loans serviced by AmTrust Bank or any other real estate owned; construction, land, or development loans; private-label securities, or mortgage servicing rights, nor did it acquire any of the assets or assume any of the obligations of the holding company.
”The smoking gun here comes straight from a quick observation of NYB’s intraday P/V chart: the jump at 3:24pm on statistically significant volume is a clear signal that someone was fully aware of the soon to be announced transaction”
The other five banks had assets of less than $1 billion. They are Benchmark Bank of Illinois, Greater Atlantic Bank of Virginia and the three banks in Georgia — Tattnall Bank, Buckhead Community Bank, and First Security National Bank. The six failures are expected to cost the FDIC’s insurance fund a total of more than $2.3 billion~This brings the yearly total to 130, with many more possible as the small institutions have a disproportionately large exposure to commercial real estate the leftovers of the credit boom. The FDIC has said it expects bank failures to cost its insurance fund about $100 billion from 2009 through 2013.
Complete List and Info on failed banks
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WEEK of December 7th Major Economic Events/Conferences and Shareholder/Analyst Meetings of Interest
(Nothing guaranteed here-allow for copy errors)
Useful link on Auctions
-ICSC-Goldman Store Sales 7:45 AM ET
*Wednesday:
- BK, USB, BX, COF at Goldman Sachs US Financial Services Conference
- HPQ, INTU, QCOM, YHOO at Barclays Technology Conference
MBA Purchase Applications 7:00 AM ET
-Wholesale Trade 10:00 AM ET
- HSC Annual Analyst Conference
CASY FMCN PBY
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The Dow 30 List - Performance
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
| INTC | 20.46 | 0.59 | 2.97% | 7.06% | 6.01% | 8.31% | 34.61% | 4.18% | 26.84% | 60.22% |
| BAC | 16.20 | 0.44 | 2.79% | 4.72% | 0.75% | 7.07% | 13.05% | -5.21% | 36.48% | 12.97% |
| BA | 54.68 | 0.91 | 1.69% | 4.25% | 6.32% | 9.87% | 20.84% | 11.25% | 8.13% | 39.53% |
| VZ | 32.70 | 0.01 | 0.03% | 3.38% | 7.14% | 11.57% | -5.60% | 6.86% | 10.59% | 1.71% |
| CSCO | 24.16 | 0.33 | 1.38% | 3.34% | 2.03% | 0.96% | 42.45% | 10.62% | 22.83% | 57.60% |
| AA | 12.99 | -0.28 | -2.11% | 2.61% | -1.74% | 0.78% | 7.27% | 6.65% | 21.52% | 61.17% |
| MSFT | 29.98 | 0.15 | 0.50% | 2.60% | 0.67% | 5.30% | 47.47% | 21.77% | 37.33% | 56.88% |
| JNJ | 64.36 | 0.20 | 0.31% | 2.34% | 3.09% | 7.30% | 6.12% | 6.70% | 15.26% | 14.56% |
| T | 27.60 | 0.08 | 0.29% | 2.26% | 5.71% | 6.40% | -6.19% | 8.19% | 13.30% | -2.02% |
| MMM | 78.24 | 1.09 | 1.41% | 1.94% | 1.28% | 3.68% | 32.18% | 9.66% | 30.73% | 32.30% |
| HD | 28.08 | 0.15 | 0.54% | 1.70% | 3.58% | 9.56% | 16.37% | 3.88% | 14.29% | 20.93% |
| UTX | 68.32 | 1.06 | 1.58% | 1.67% | 0.46% | 4.39% | 24.33% | 12.89% | 23.93% | 44.87% |
| GE | 16.20 | 0.20 | 1.25% | 1.63% | 2.79% | 12.27% | -5.10% | 16.80% | 17.82% | -7.69% |
| DIS | 30.84 | 0.51 | 1.68% | 1.61% | 2.09% | 6.34% | 28.93% | 19.07% | 22.67% | 41.53% |
| CAT | 58.30 | 0.10 | 0.17% | 1.48% | -0.53% | 0.53% | 24.28% | 26.44% | 53.34% | 55.38% |
| HPQ | 49.79 | 0.83 | 1.70% | 1.47% | -0.06% | 1.92% | 35.26% | 10.40% | 37.96% | 49.12% |
| PFE | 18.49 | -0.15 | -0.80% | 1.32% | 2.10% | 8.64% | 1.20% | 12.81% | 26.30% | 13.64% |
| IBM | 127.25 | -0.30 | -0.24% | 1.23% | -0.23% | 3.37% | 45.64% | 8.33% | 19.67% | 64.32% |
| MRK | 36.70 | -0.07 | -0.19% | 1.13% | 3.88% | 12.20% | 18.39% | 19.54% | 38.07% | 46.80% |
| JPM | 41.74 | 0.34 | 0.82% | 0.99% | -1.90% | -4.86% | 33.14% | -1.42% | 18.08% | 34.30% |
| KO | 57.49 | 0.22 | 0.38% | 0.54% | 1.07% | 5.68% | 25.25% | 15.10% | 15.53% | 28.47% |
| PG | 62.60 | 0.04 | 0.06% | 0.19% | 0.72% | 3.52% | -0.32% | 18.43% | 17.34% | 2.20% |
| CVX | 78.07 | 0.11 | 0.14% | -0.13% | 0.94% | 1.07% | 2.03% | 13.21% | 11.86% | 8.79% |
| KFT | 26.57 | 0.15 | 0.57% | -0.26% | -1.48% | -1.70% | -2.82% | -5.44% | -1.74% | 1.76% |
| WMT | 54.24 | -0.20 | -0.37% | -0.71% | -0.55% | 5.77% | -5.14% | 4.95% | 6.62% | -1.58% |
| XOM | 74.25 | -0.74 | -0.99% | -0.83% | -0.54% | 2.41% | -9.05% | 7.33% | 1.74% | -2.65% |
| TRV | 51.04 | -0.40 | -0.78% | -1.18% | -3.11% | 0.79% | 12.92% | 1.84% | 17.01% | 31.48% |
| MCD | 61.59 | -0.38 | -0.61% | -3.16% | -2.87% | 0.18% | -3.39% | 9.71% | 2.24% | 1.23% |
| AXP | 39.30 | 0.43 | 1.11% | -3.77% | -4.47% | 4.13% | 103.31% | 19.67% | 55.64% | 88.58% |
| DD | 32.34 | -2.49 | -7.15% | -5.99% | -6.53% | -3.12% | 23.53% | 1.99% | 12.64% | 36.51% |
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(1 votes, average: 4.00 out of 5)
Domestic and Foreign:
Eastern Time Zone (GMT -5:00) (New York, Toronto)
Dec 07 15:00 USD Consumer Credit OCT
Dec 07 16:45 NZD Manufacturing Activity Q3
Dec 07 18:50 JPY Trade Balance - BOP Basis OCT
Dec 07 JPY Eco Watchers Survey: Current and Outlook NOV
Dec 07 19:01 GBP BRC Retail Sales Monitor NOV
Dec 07 19:02 GBP RICS House Price Balance NOV
Dec 07 19:30 AUD NAB Business Confidence NOV
Dec 07 19:30 AUD Current Account Balance Q3
Dec 08 04:30 GBP Industrial Production OCT
Dec 08 04:30 GBP Manufacturing Production OCT
Dec 08 06:00 EUR German Industrial Production OCT ***
Dec 08 08:15 CAD Housing Starts NOV
Dec 08 09:00 CAD Bank of Canada Interest Rate Decision ***
Dec 08 18:30 AUD Westpac Consumer Confidence DEC
Dec 08 18:30 AUD Westpac Consumer Confidence Index DEC
Dec 08 18:50 JPY Gross Domestic Product Q3 ***
Dec 08 18:50 JPY GDP Annualized Q3 ***
Dec 08 18:50 JPY Nominal GDP Q3 ***
Dec 08 18:50 GBP Nationwide Consumer Confidence NOV
Dec 08 GBP NIESR GDP Estimate NOV
Dec 08 19:30 AUD Home Loans OCT
Dec 08 19:30 AUD Trade Balance OCT
Dec 08 19:30 AUD Investment Lending OCT
Dec 09 01:45 CHF Unemployment Rate NOV
Dec 09 02:00 EUR German Trade Balance OCT
Dec 09 02:00 EUR German Consumer Price Index NOV ***
Dec 09 02:00 EUR German CPI - EU Harmonized NOV
Dec 09 02:00 EUR German Imports OCT
Dec 09 04:30 GBP Visible Trade Balance OCT
Dec 09 15:00 NZD Reserve Bank of New Zealand Interest Rate Decision ***
Dec 09 16:45 NZD Terms of Trade Index Q3
Dec 09 18:50 JPY Machine Orders OCT
Dec 09 19:30 AUD Unemployment Change NOV ***
Dec 09 19:30 AUD Unemployment Rate NOV
Dec 09 19:30 AUD Full Time Employment Change NOV
Dec 09 19:30 AUD Part Time Employment Change NOV
Dec 10 03:30 CHF Swiss National Bank Interest Rate Decision ***
Dec 10 04:00 EUR European Central Bank Publishes Monthly Report DEC
Dec 10 07:00 GBP Bank of England Interest Rate Decision ***
Dec 10 07:00 GBP Bank of England Asset Purchase Target ***
Dec 10 08:30 USD Trade Balance OCT
Dec 10 08:30 USD Initial Jobless Claims DEC 5
Dec 10 14:00 USD Monthly Budget Statement NOV
Dec 10 19:00 JPY Consumer Confidence Households NOV
Dec 11 00:00 JPY Consumer Confidence NOV
Dec 11 04:30 GBP PPI Output NOV
Dec 11 04:30 GBP PPI Output Core NOV
Dec 11 08:30 USD Advance Retail Sales NOV ***
Dec 11 08:30 USD Retail Sales Less Autos NOV
Dec 11 08:30 USD Retail Sales Ex Auto and Gas
Dec 11 10:00 USD University of Michigan Confidence DEC **