Ahead of Wall Street - December 28, 2011 - Ahead of Wall Street
2011年12月28日 - 5:27PM
Zacks
Wednesday, December 28, 2011
With nothing major on the domestic economic calendar today,
stocks will likely get a lift from the sharp drop in Italian
government bond yields. But trading volumes are expected to remain
light due to seasonal factors.
Italy sold €9 billion of 6-month treasury bills at a 3.25%
yield, roughly half of what the country had to pay for the same
maturity in last month's auction. Demand was also a lot more
stronger than a month ago. Yields on Italian government bonds have
come down in the secondary market following the successful auction,
though not as dramatically. This was the first major bond auction
since last week’s major liquidity operation by the European Central
Bank.
The improved liquidity position of Euro-zone banks as a result
of the ECB action was expected to encourage them to operate more
actively in the government bond auction. Today’s successful Italian
bond auction appears to bear those expectations out. It will be
interesting to see if this improving trend will remain in place in
another bond auction scheduled for Thursday.
In corporate news, Cavium (CAVM), the
semiconductor maker, lowered its revenue outlook for the current
quarter due to weak demand from its customers. Emcore
Corp. (EMKR), another semiconductor manufacturer, came out
with weaker than expected results on Tuesday and guided lower.
The New York Times Company (NYT) announced the
sale of its regional media business that includes 16 local
newspapers and other assets for $143 million. The media company
expects to record an after-tax gain on the transaction in the first
quarter of 2012.
Sheraz Mian
Director of Research
CAVIUM INC (CAVM): Free Stock Analysis Report
EMCORE CORP (EMKR): Free Stock Analysis Report
NY TIMES A (NYT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days. Click
to get this free report
EMCORE (NASDAQ:EMKR)
過去 株価チャート
から 6 2024 まで 7 2024
EMCORE (NASDAQ:EMKR)
過去 株価チャート
から 7 2023 まで 7 2024