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发表于 2013-6-10 05:36 PM
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5 things investors need to know in the next 24 hours
1) Japan’s main stock index had its best gain in two years on Monday, and the Nikkei JP:NIK +4.71% might keep rallying Tuesday if stock investors like the Bank of Japan’s latest comments.
The Nikkei entered bear market territory on Friday, meaning it showed a correction of at least 20% from its May 23 intraday peak. But the index then fought back Monday, rising 4.9%, thanks to an upward revision for Japan’s first-quarter GDP and Friday’s encouraging U.S. jobs report.
The Bank of Japan will wrap up its monthly meeting and make its policy announcement overnight. No rate change is expected, but the central bank’s comments will get carefully analyzed.
2) In the U.S. before the opening bell, traders might want to pay attention to monthly sales figures from W.W. Grainger GWW +0.04% , a Wall Street favorite lately. Sometimes it’s the seemingly boring businesses that are highly successful, and that appears to be the case for Grainger, a distributor of maintenance, repair and operating supplies.
Grainger’s stock is up nearly 30% in 2013. The consensus rating for Grainger out of 21 analysts that cover the company is a buy, according to FactSet.
3) Also before the open, watch for some U.S. economic reports, such as the NFIB Small Business Optimism Index. The consensus expectation is for a reading of 92.3 for May, up slightly from April’s figure but still below the historical average of 100.
4) After hours on Monday, Lululemon Athleta’s LULU -12.40% stock slumped in late trading, as news that the workout clothing retailer’s CEO will step down overshadowed its quarterly earnings report.
5) TI’s TXN -1.69% stock fell as the chip giant narrowed its outlook, and that could weigh on tech stocks Tuesday morning since TI is often viewed as a tech bellwether. |
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