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Market Review January 12, 2010     
 
Investors got the first disappointing 4Q results today from Dow Component Alcoa; the aluminum maker reported a profit of 1 cent per share. Analysts expected a rise by $0.06 in the fourth-quarter, the company reported a net loss of $277 million, or $0.28 cents a share, last year the company lost $1.19 billion, or $1.49 a share. KB Homes reported this morning a fourth-quarter profit of $100.7 million, or $1.31 per share, the company lost $307.3 million, or $3.96 per share, last year in the fourth quarter. Revenue fell 27% to $674.6 million, but beat analysts’ estimates of $577.5 million. Commerce Department reported that the U.S. Trade Deficit expanded 9.7% in November to $36.4 billion up from the $33.2 billion in October. Stocks fell today, the Dow Jones Industrial Average fell 63 points, the Nasdaq Composite Index fell 30 points and the Standard & poor’s 500 Index fell 12 points. Bond prices rose, the yield on the benchmark 10-year note fell to 3.72 from 3.82 Monday. Commodities such as gold and crude oil fell; gold fell $22.10 to $1,129.30 an ounce and crude fell $1.73 to $80.79.

Free Daily Stock Picks activity and results for January 12, 2010:

ELX - position entry at 12.31PM, 1st Target Level hit for a gain of 0.31 points
CRUS - position entry at 7.53, 3rd Target Level hit for a gain of 0.45 points
CVX - position entry at 79.80, EOD price hit for a loss of 0.61 points
ERTS - position entry at 16.55PM, EOD price hit for a loss of 0.23 points

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