{ "market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-18000", "open" : "", "close" : "", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000"}
investorsbusinessdaily

IBD's Top 10 - Monday

  • On 7:20 pm EST, Monday November 9, 2009

Stocks Climb On Go-Go G-20

Related Quotes

SymbolPriceChange
BKC17.50+0.02
Chart for BURGER KING HOLDINGS
CBY52.80-0.01
Chart for CADBURY PLC
FUQI20.30+0.03
Chart for Fuqi International, Inc.
HMIN36.05+0.57
Chart for Home Inns & Hotels Management I
HOGS13.65+0.06
Chart for Zhongpin Inc.
{"s" : "bkc,cby,fuqi,hmin,hogs,kft,mcd","k" : "c10,l10,p20,t10","o" : "","j" : ""}

1 Stocks, gold and commodities surged -- and the dollar fell to a new 15-month low -- after the G-20 nations pledged to keep stimulus efforts in place, with volume rising across the board. The Dow gained 2%, hitting a new 52-week high. The NYSE composite jumped 2.5%, the Nasdaq 2% and the S&P 500 2.2%.

Voters: No Obama Afghan Plan

2 With Pres. Obama mulling for weeks whether to ramp up troop levels in Afghanistan, 70% of Americans responding to a new IBD/TIPP poll say he has no plan vs. 19% who say he does. Obama may be nearing a decision, sources told AP. Americans still oppose an immediate troop withdrawal. But more now believe the war is unwinnable and oppose sending more troops.

IBD/TIPP: Pres. Approval Slides

3 The IBD/TIPP Presidential Index fell 1.7% in Nov. to 53.3. That's still above the neutral 50 level, but well off Obama's euphoric approval levels when he took office. Job woes and concerns about health care legislation have sapped his support. Investors, college grads and high earners gave Obama sub-50 readings for the first time. But he shored up support among independents.

Senate Health Hurdles Are High

4 Sen. Ben Nelson, D-Neb., said it's highly unlikely he'd back a bill that doesn't clearly bar federal funds from going to pay for abortions. A House health plan amendment swayed many centrist Dems, but pro-choice supporters fumed. Nelson and other moderates are wary of a public option that liberals insist on. Senate Dems need 60 votes to OK their bill. Related story on this page

Priceline Tops, Guides Higher

5 The online travel firm said after hours that Q3 EPS surged 44% to $3.45, crushing views by 53 cents. Sales climbed 30% to $730.7 mil, above estimates. Priceline (NasdaqGS:PCLN - News) said the value of its bookings rose 33% to $2.7 bil. The company expects Q4 EPS of $1.52-$1.62, above forecasts for $1.49. Shares shot up late.

Chinese Firms Top, Shares Mixed

6 Several highly rated U.S.-listed Chinese firms reported Q3 results. Pork giant Zhongpin (NasdaqGS:HOGS - News) topped EPS and sales views, but warned on full-year profit. Shares fell 11%. Jewelry player Fuqi's (NasdaqGM:FUQI - News) EPS shot up 135%, but sales missed. After hours, hotel operator Home Inns & Hotels (NasdaqGS:HMIN - News) beat and guided Q4 revenue views higher. Shares jumped late.

Kraft Offer Hostile, Not Sweeter

7 The food giant went hostile in its bid for Cadbury (NYSE:CBY - News). It didn't change its offer, but with shares shifting since its first proposal, the effective bid has fallen. The U.K. candy maker rejected the latest offer in what may be a long battle. The decision not to sweeten its bid suggests Kraft (NYSE:KFT - News) doesn't expect rival offers. Kraft fell 0.9%; Cadbury rose 0.4%.

Fed: Fewer Banks Tighten Terms

8 A net 14% of large and midsize banks said in Oct. that they tightened loan standards on commercial and industrial loans down from about 32% three months prior and a peak near 84% at the end of last year, according to the Fed's latest loan survey. C&I loan demand is falling, but at a slower pace. Banks plan to hike credit card terms ahead of new rules restricting changes.

Germans Recall Berlin Wall's Fall

9 Thousands took to the streets of Berlin to mark the 20th anniversary of a peaceful uprising that culminated with the breaching of the fortified Berlin Wall, a day that highlighted the collapse of communism in E. Europe. E. German-born Chancellor Angela Merkel hailed ex-Soviet leader Mikhail Gorbachev for supporting political and military reforms that helped topple communist rule.

McDonald's Oct. Sales Top Views

10 The fast-food giant's U.S. same-store sales fell 0.1%, in a first such decline since March '08. But McDonald's (NYSE:MCD - News) Europe same-store sales rose 6.4%, pushing global comps up 3.3%. The company has aggressively promoted its new coffee drinks, as its rival Burger King (NYSE:BKC - News) hawked a $1 double cheeseburger. McDonald's shares rose 1.5%.

Sponsored Links

© Investor's Business Daily, Inc. 2009. All Rights Reserved.