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<title>이병무 - Brian Lee &gt; Brian Lee - 뉴스 스크랩 &gt; Financial</title>
<link>http://www.bmlee.com/bbs/board.php?bo_table=stock_news_us</link>
<description>테스트 버전 0.2 (2004-04-26)</description>
<language>ko</language>
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<title>Dow gains 8, Nasdaq drops 5 on new deals</title>
<link>http://www.bmlee.com/bbs/board.php?bo_table=stock_news_us&amp;wr_id=5</link>
<description><![CDATA[NEW YORK - Wall Street closed narrowly mixed Monday as lingering concerns about the economy offset better-than-expected sales from Wal-Mart Stores Inc. and a flurry of acquisition activity. <br/><br/>&nbsp;<br/>Wal-Mart rose after the world&#039;s largest retailer said it expected January same-store sales to rise 2.2 percent. Tempering the gain was its projection that sales performance is on track to deliver the lowest growth rate in more than 25 years.<br/><br/>Meanwhile, Wall Street absorbed a spate of acquisition and private equity deals ?the largest amount since the start of the year. Triad Hospitals Inc. and Herbalife Ltd. received offers from private equity funds, while State Street Corp. agreed to buy Investors Financial Services Corp.<br/><br/>Investors had little reaction to new data that suggests continued economic growth, which could disrupt the&nbsp; &nbsp; &nbsp; &nbsp; Federal Reserve&#039;s plans to ease the economy this year. The Institute of Supply Management&#039;s non-manufacturing index, which covers the service sector, increased more than analysts were forecasting.<br/><br/>Wall Street is in a holding pattern now that the Fed&#039;s decision to hold rates is behind it, and the quarterly earnings season is largely over. Analysts say investors are now monitoring what central bankers might have to say in upcoming speeches and any corporate or economic news to find direction.<br/><br/>"We&#039;re just going to have a topsy-turvy market until investors figure out which direction to take," said Todd Leone, managing director of equity trading for Cowen & Co. "We&#039;re seeing some buying come back into the market because there still is a lot of money on the sidelines. And, all these deals announced are really helping the market out."<br/><br/>The Dow Jones industrial average rose 8.25, or 0.07 percent, to 12,661.74.<br/><br/>Broader stock indicators were lower. The Standard & Poor&#039;s 500 index was down 1.40, or 0.10 percent, at 1,446.99, and the Nasdaq composite index fell 5.28, or 0.21 percent, to 2,470.60.<br/><br/>Treasuries largely shrugged off the ISM numbers. Bonds rose, with the yield on the benchmark 10-year Treasury note down to 4.81 percent from 4.82 percent late Friday.<br/><br/>Also squeezing stocks was a rebound in oil prices to near $60 per gallon as a cold snap hit the Northeast. However, oil reversed course and a barrel of light sweet crude was down 28 cents at $58.74 on the New York Mercantile Exchange.<br/><br/>The dollar was mixed against other major currencies, while gold prices up.<br/><br/>Linda Dussel, market strategist for Pittsburgh-based Federated Investors, said the main question for investors will remain how fast the economy is growing. She expects that answer could come this spring as economists begin to get a better handle on the state of the housing market, which typically begins to heat up toward spring.<br/><br/>"I think the market is going to move depending on whether there&#039;s a growth scare or not, or enough of a slowdown that we think the Fed is out of the way," she said. "We&#039;ve had pretty good quarterly earnings come through, and there&#039;s nothing in the outlooks that has the market wanting more."<br/><br/>Wal-Mart rose 44 cents to $48.52 after it announced same-store sales, or those from stores open at least a year, topped its prior forecast for a 1 percent to 2 percent gain. The retailer said colder temperatures in January drove sales of seasonal items.<br/><br/>Triad Hospitals agreed to go private in a $4.7 billion deal from affiliates of CCMP Capital Advisors and Goldman Sachs affiliate GS Capital Partners. Shares surged $6.38, or 14.7 percent, to $49.65.<br/><br/>Nutritional supplement maker Herbalife said it received an acquisition proposal from private investment fund Whitney V LP that values the company at about $2.7 billion. The company said it is reviewing the offer, and its shares spiked $7.02, or 21.2 percent, to $40.12.<br/><br/>Billionaire financier Carl Icahn made a $2.43 billion offer for auto parts supplier Lear Corp. Shares jumped $3.97, or 11.5 percent, to $38.64.<br/><br/>Vornado Realty Trust raised its offer for building owner and manager Equity Office Properties Trust to $23.24 billion. Vornado dipped 32 cents to $125.03, while shares of its target rose 8 cents to $55.46. <br/><br/>State Street shares fell $4.67, or 6.4 percent, to $67.08 after the institutional investment manager said it would buy Investors Financial Services for about $4.5 billion in stock. The deal, which comes as rivals Mellon Financial Corp. and Bank of New York Corp. plan to combine, sent shares of IFS up $12.85, or 27.4 percent, to $59.80. <br/><br/>IPod maker Apple Inc. and Apple Corps, the guardian of The Beatles&#039; music resolved their long dispute on Monday about who has the right to the Apple trademark, and could be the first step in permitting downloads of the band&#039;s music. Apple shares fell 81 cents to $83.94. <br/><br/>Advancing issues led decliners by 2 to 1 on the New York Stock Exchange, where consolidated volume came to 2.46 billion shares, compared with 2.55 billion on Friday. <br/><br/>The Russell 2000 index of smaller companies was down 2.73, or 0.34 percent, at 806.69. The index surpassed the 800 mark for the first time last week, and hit an intraday high of 810.49 Monday before paring gains. <br/><br/>Overseas, Japan&#039;s Nikkei stock average closed down 1.15 percent. At the close, Britain&#039;s FTSE 100 was up 0.11 percent, Germany&#039;s DAX index fell 0.17 percent, and France&#039;s CAC-40 was up 0.07 percent.]]></description>
<dc:creator>평상심</dc:creator>
<dc:date>Tue, 06 Feb 2007 15:42:04 -0700</dc:date>
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<title>Google rocks with record-setting profits</title>
<link>http://www.bmlee.com/bbs/board.php?bo_table=stock_news_us&amp;wr_id=4</link>
<description><![CDATA[Silicon Valley: Internet bellwether, Google has beaten all records with nearly tripled profits amounting to over $1 billion in its fourth quarter.<br/><br/><br/>With increasing online ad sales the Internet search engine giant Google rose to 67 per cent posting $1.03 billion net earnings during the final three months of 2006.<br/><br/><br/>"Our impressive performance in the fourth quarter demonstrates the continuing strength of our business model," Google CEO Eric Schmidt said.<br/><br/><br/>Google’s fourth-quarter revenue was quoted at $2.23 billion which does not takes into account commission paid by the content partners.<br/><br/><br/><br/>"Business continues to be very good here at Google. Looks like we are gaining share in almost every country," Eric added. <br/><br/><br/>Approximately $1.4 billion, or 44 per cent of the total Google revenue for the year, came from the markets outside of the United States. <br/><br/><br/>British and US markets combined accounted for 75 per cent of Google&#039;s revenues. Capital expenditures for the quarter totaled $367 million, bringing total capital expenditures for 2006 to $1.9 billion. <br/><br/><br/>The majority of Google&#039;s capital expenditure was related to IT infrastructure investments, including data centers, servers and networking equipment.]]></description>
<dc:creator>평상심</dc:creator>
<dc:date>Thu, 01 Feb 2007 15:50:58 -0700</dc:date>
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<title>NYSE Group and Tokyo Stock Exchange Enter Strategic Alliance</title>
<link>http://www.bmlee.com/bbs/board.php?bo_table=stock_news_us&amp;wr_id=3</link>
<description><![CDATA[NYSE Group and Tokyo Stock Exchange Enter Strategic Alliance<br/><br/>--Sign Letter of Intent for Mutual Cooperation and Development-- <br/>New York and Tokyo, Jan. 31, 2007 ?NYSE Group, Inc. (NYSE: NYX) Chief Executive Officer John A. Thain and Tokyo Stock Exchange, Inc. (TSE) President and Chief Executive Officer Taizo Nishimuro today signed a letter of intent that establishes a strategic alliance between the two world financial market leaders to jointly develop and explore new opportunities in trading systems and technology, investor and issuer services, investment products, and governance and regulation.&nbsp; The agreement, which is non-exclusive, also sets the stage for a potential capital alliance between NYSE Group and the TSE.<br/><br/>밯e welcome this opportunity to work more closely on areas of mutual interest with Mr. Nishimuro and his colleagues at the Tokyo Stock Exchange, the world뭩 second largest equity market,?Mr. Thain said.&nbsp; 밯e are committed to the success of this strategic alliance, which will benefit and create growth opportunities for both markets and our respective customers, advance our global vision, and further strengthen the ties between Japan and the United States .?<br/><br/>밫okyo Stock Exchange is pleased that both exchanges are proceeding to the next level of cooperation.&nbsp; I strongly believe that this agreement will be a good starting point for a much stronger tie-up with the NYSE and will contribute to the benefit of various market participants of our respective markets,?said Mr. Nishimuro.<br/><br/>Specific Areas of Cooperation<br/>Under the terms of the agreement, NYSE Group and the TSE will establish formal working groups that will meet regularly to engage in ongoing dialogue and development activities on specific areas of mutual interest, which will include: Information and market infrastructure systems and technology, trading services, market data products, issuer and investor services, cross-marketing and promotional activities, and listed company regulation and governance.&nbsp; They will examine cooperation in the listing process to enable issuers who are listed on only one Exchange to have improved access to investors in the other.<br/><br/>NYSE Group and the TSE will explore global strategic trends affecting each organization뭩 respective business and will exchange personnel if necessary.&nbsp; The chief executive officers of each organization will confer at least quarterly to review progress on developmental initiatives and on implementation of the agreement. <br/><br/>Additional Background<br/><br/>The New York Stock Exchange has 19 listed companies from Japan ; for a complete list go to:&nbsp; <A HREF="http://www.nyse.com/about/listed/7.html?country=Japan;" TARGET='_blank'>www.nyse.com/about/listed/7.html?country=Japan;</A><br/><br/><br/>New York Stock Exchange listed securities benefit from the world뭩 lowest overall cost of trading according to the second-quarter 2006 Global Trading Cost Analysis report by Elkins/McSherry, a State Street Company providing independent transaction cost analysis.&nbsp; Tokyo Stock Exchange ranks second in overall trading cost efficiency. For more on Elkins/McSherry, go to: <A HREF="http://www.nyse.com/Frameset.html?nyseref=&displayPage=/press/1165837254065.html;" TARGET='_blank'>www.nyse.com/Frameset.html?nyseref=&displayPage=/press/1165837254065.html;</A><br/><br/><br/>On June 4, 2002 , TSE and NYSE signed a memorandum of understanding (MOU) to share market surveillance information in their respective markets;<br/><br/><br/>On Feb. 7, 2000 , the S&P Global 100 Index launched as the first equity stock index covering global companies.&nbsp; This index is a collaboration of the NYSE, Standard & Poor뭩, TSE, and the Deutsche Borse. <br/>&nbsp;<br/><br/>About NYSE Group, Inc<br/>NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange LLC (the 밡YSE? and NYSE Arca, Inc. (formerly known as the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. In 2006, on an average trading day, 2.3 billion shares, valued at $86.8 billion, were traded on the exchanges of the NYSE Group.<br/><br/>The NYSE is the world뭩 largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies?common stock and other securities.&nbsp; On December 31, 2006 , the operating companies listed on the NYSE represented a total global market capitalization of $26.5 trillion. NYSE Arca, Inc. operates the former ArcaEx? the first open, all-electronic stock exchange in the United States , which has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca, Inc. is also an exchange for trading equity options.&nbsp; NYSE Arca, Inc.뭩 trading platforms provide customers with fast electronic execution and open, direct and anonymous market access. NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.&nbsp; For more information on NYSE Group, go to: <A HREF="http://www.nyse.com." TARGET='_blank'>www.nyse.com.</A><br/><br/>About the Tokyo Stock Exchange<br/>Tokyo Stock Exchange, Inc. is the premier exchange for Japanese cash equities and derivative products from the perspective of investors both in Japan and abroad.&nbsp; In 2006, stock trading volume on TSE reached 502 billion shares.&nbsp; This has positioned TSE as the central market of Japan .&nbsp; Also in 2006, TSE recorded an average daily trading volume of 2,026.0 million shares, and daily average trading value of JPY 2,716.7 billion.&nbsp; At the end of December 2006, the number of listed companies was 2.416, with a market capitalization reaching JPY 549.7 trillion.&nbsp; In addition to its core Japanese equity market, TSE provides markets for derivatives products such as long-term Japanese government bond futures and TOPIX index futures.&nbsp; Japanese Government Bond (JGB) futures trading, , the cornerstone of TSE뭩 fixed income derivatives market and the benchmark of the Japanese bond market, continues to thrive on investor demand from across the globe.&nbsp; The JGB futures contract is one of the most active long-term interest rate futures contracts in the world, with its annual trading volume in 2006 reaching 12,049 thousand contracts.&nbsp; The TOPIX futures contract, which is actively traded by institutional investors, is the leading stock index futures product in Japan , with the largest open interest among Japanese stock index futures products.<br/><br/>The trading volume in 2006 rose to 15,907 thousand contracts in 2006, an increase of about 16.5% over 2005.&nbsp; With respect to these cash and derivative products, the TSE, as a self regulatory organization, continuously makes every effort to provide a fair, transparent, and efficient market.&nbsp; For more information on Tokyo Stock Exchange, go to:&nbsp; <A HREF="http://www.tse.or.jp/english/index.shtml" TARGET='_blank'>www.tse.or.jp/english/index.shtml</A><br/><br/>Cautionary Note Regarding Forward-Looking Statements<br/>Certain statements in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on NYSE Group뭩 current expectations and involve risks and uncertainties that could cause NYSE Group뭩 actual results to differ materially from those set forth in the statements. There can be no assurance that such expectations will prove to be correct. Actual results may differ materially from those expressed or implied in the forward-looking statements. Factors that could cause NYSE Group뭩 results to differ materially from current expectations include, but are not limited to:&nbsp; NYSE Group뭩 ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Group뭩 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Group that the projections will prove to be correct. NYSE Group undertakes no obligation to release any revisions to any forward-looking statements.<br/><br/>&nbsp;<br/><br/>&nbsp;<br/><br/>Contact: Mitsuo MIWA/Tokyo Stock Exchange<br/>Phone: 81.3.3665.1051<br/>Email: <a href='mailto:kohou@tse.or.jp'>kohou@tse.or.jp</a><br/><br/><br/><br/>Contact: Rich Adamonis/NYSE Group, Inc.<br/>Phone: 212.656.2140<br/>Email:&nbsp; <a href='mailto:radamonis@nyse.com'>radamonis@nyse.com</a>]]></description>
<dc:creator>평상심</dc:creator>
<dc:date>Thu, 01 Feb 2007 09:54:53 -0700</dc:date>
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<title>Dow and Nasdaq inch up with techs</title>
<link>http://www.bmlee.com/bbs/board.php?bo_table=stock_news_us&amp;wr_id=2</link>
<description><![CDATA[NEW YORK (Reuters) - The Dow average and the Nasdaq edged higher on Monday, helped by gains in shares of Intel Corp. (Nasdaq:INTC - news) and IBM (NYSE:IBM - news) on optimism about new microchip technology. <br/>&nbsp;<br/>Caution before the Federal Reserve&#039;s monetary policy meeting this week limited those gains, while a sell-off in energy shares on a sharp drop in oil prices helped push the Standard & Poor&#039;s 500 index lower for the day.<br/><br/>Intel, the world&#039;s largest chip maker, and IBM announced new technology that they say will be crucial to increasing the power and speed of microchips.<br/><br/>Analysts also said Tuesday&#039;s wider release of Microsoft Corp.&#039;s (Nasdaq:MSFT - news) Vista operating system underpinned the broader technology sector&#039;s advance in Monday&#039;s regular trading session.<br/><br/>"The focus is on what&#039;s important to the Fed going forward, including the recent strength we&#039;ve seen in economic data," said Arthur Hogan, chief market analyst at Jefferies & Co. in Boston.<br/><br/>"If we continue to see strong economic data, there&#039;s a better chance the Fed raises interest rates instead of lowering them, and that&#039;s contrary to what we are thinking coming into the year."<br/><br/>The Dow Jones industrial average (^DJI - news) gained 3.76 points, or 0.03 percent, to end at 12,490.78. The Standard & Poor&#039;s 500 Index (^SPX - news) dipped 1.56 points, or 0.11 percent, to finish at 1,420.62. The Nasdaq Composite Index (^IXIC - news) rose 5.60 points, or 0.23 percent, to close at 2,441.09.<br/><br/>Intel&#039;s stock gained 1.8 percent, or 36 cents, to $20.89 and ranked as the No. 1 advancer in the Nasdaq 100. Intel was also among the Dow&#039;s biggest gainers, which included International Business Machines Corp., up 1.1 percent, or $1.09, at $98.54 on the&nbsp; &nbsp; &nbsp; &nbsp; New York Stock Exchange, and computer maker Hewlett-Packard Co. (NYSE:HPQ - news), up 1.8 percent, or 73 cents, at $42.42 on the NYSE.<br/><br/>In contrast, software maker Microsoft dipped 0.2 percent, or 7 cents, to $30.53 on the Nasdaq.<br/><br/>The Fed&#039;s Open Market Committee is expected to leave rates unchanged at the end of a two-day meeting on Wednesday. Investors are nervous that policy-makers may signal rates will not fall any time soon, or that they may even hint that the central bank is not done yet with raising rates.<br/><br/>ANOTHER MERGER MONDAY<br/><br/>Meanwhile, news of mergers and possible deals lifted investor sentiment.<br/><br/>Shares of Bristol-Myers Squibb Co. (NYSE:BMY - news) rose 4.7 percent, or $1.22, to $27.43 -- and during the session rose to $28.26, its highest level in nearly three years -- after a report that the U.S. company, known for its cancer-fighting drugs, might be taken over.<br/><br/>Merrill Lynch & Co. Inc. (NYSE:MER - news) said it will buy First Republic Bank (NYSE:FRC - news) for $1.8 billion.<br/><br/>Merrill Lynch&#039;s shares fell 2.3 percent, or $2.14, to $92.39, while First Republic&#039;s stock soared 40 percent, or $15.33, to $53.63, both in NYSE trading. First Republic was the Big Board&#039;s largest percentage gainer.<br/><br/>In other deals, shares of Altiris Inc. (Nasdaq:ATRS - news) surged 20 percent, or $5.41, to $32.55 on the Nasdaq after Symantec Corp. (Nasdaq:SYMC - news) said it had agreed to buy the company in a deal worth about $830 million. Symantec shares fell 1.4 percent, or 25 cents, to $17.52, also in Nasdaq trading.<br/><br/>EXXON FALLS AS OIL TUMBLES<br/><br/>Exxon Mobil Corp. (NYSE:XOM - news) fell 0.6 percent, or 41 cents, to $73.20. The stock was among the biggest drags on the Dow industrials and the S&P 500 as U.S. crude oil for March delivery fell $1.41 to settle at $54.01 a barrel. <br/><br/>On the Nasdaq, shares of wireless chip developer Qualcomm Inc. (Nasdaq:QCOM - news) slid 1 percent, or 36 cents, to $37.15 after news that a federal jury in San Diego has said that Broadcom did not infringe two of Qualcomm&#039;s patents related to video encoding. <br/><br/>Trading was moderate on the New York Stock Exchange, with about 1.55 billion shares changing hands, below last year&#039;s estimated daily average of 1.84 billion, while on Nasdaq, about 1.99 billion shares traded, below last year&#039;s daily average of 2.02 billion. <br/><br/>Advancing stocks outnumbered declining ones by a ratio of about 6 to 5 on the NYSE and by about 3 to 2 on Nasdaq.]]></description>
<dc:creator>평상심</dc:creator>
<dc:date>Tue, 30 Jan 2007 14:37:02 -0700</dc:date>
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<title>Stocks: Everything hits at once</title>
<link>http://www.bmlee.com/bbs/board.php?bo_table=stock_news_us&amp;wr_id=1</link>
<description><![CDATA[Stocks: Everything hits at once

Investors gear up for a big week. Events include the Federal Reserve's policy meeting, the January jobs report and earnings from nearly one-fourth of the S&P 500.
By Alexandra Twin, CNNMoney.com
January 28 2007: 7:31 AM EST


NEW YORK (CNNMoney.com) -- Wall Street is set to end a choppy first month of the year with a one-two-three punch: a Fed policy meeting, a monthly jobs report and earnings from one-fourth of the 500 largest publicly-traded companies.

And that's not all. In the first week of the new year to bring both an onslaught of economic and corporate news, readings are also due on gross domestic product growth, consumer confidence and the manufacturing sector of the economy. 

 
Also in the mix: oil prices, which slipped at least 10 percent in the first half of the month before rebounding during the last week. 

<img src=http://i.cnn.net/money/2007/01/26/markets/sunday_lookahead/key_earnings_012607.gif border=0 align=right style="margin:0 0 20 20px;">


Stocks struggled last week as investors contended with that rebound in oil prices, some disappointment about the fourth-quarter earnings and a growing realization that the Federal Reserve may not push interest rates one way or the other this year.

"I think the general bias will remain positive, but I don't think stocks can really move a lot higher until we get clarity on when the Fed is going to move one way or the other," said Charles Smith, chief investment officer at Fort Pitt Capital Group.

He said that such clarity may not emerge for at least six months. 

At the very least, it is unlikely to emerge following next week's Federal Reserve policy meeting.

The Fed's pregnant pause 
Although perhaps the most anticipated market event of the week, the Fed policy meeting is not likely to yield any surprises for investors.

The central bank, meeting Tuesday and Wednesday, is widely expected to keep the Fed funds rate, a key short-term interest rate, steady at 5.25 percent, as it has done for the last four policy meetings. 

The Fed boosted interest rates 17 straight times between the summer of 2004 and the summer of 2006, to help slow the rapidly growing economy and combat inflation. The bank opted to pause in August 2006, and stocks gained through the end of the year partly on hopes that the bank's next move would be to cut rates.

But that is unlikely, economists say, and is certainly not likely to happen soon, even with the recent decline in oil prices and stronger batch of economic news. The Fed's closely watched statement Wednesday is likely to maintain the bankers' recent view that the economic slowdown is helping to reduce inflation, but that pricing pressures still remain.

"I think it's going to be a very plain, vanilla statement," said Joshua Shapiro, chief economist at Maria Fiorini Ramirez, Inc. "They aren't likely to do anything in the foreseeable future, which is what they've been saying publicly for a while."

Shapiro said that the bankers will likely acknowledge the recent decline in oil prices, but that it won't change their communication.

However, he noted that stock and bond investors are likely anticipating the steady-as-she-goes approach. Therefore investors are unlikely to be ruffled by a lack of change, beyond a typical knee-jerk reaction.

The fourth-quarter GDP report Wednesday, however, could throw a few curves, he said. "It's a difficult one to predict because the reads on inventories and exports move around a lot," Shapiro said. In addition, this is the preliminary read on the fourth quarter, later to be advised.

At the end of the week, investors get the January jobs report, which should show continued solid growth in payrolls. Where the report could threaten stock gains is if average hourly earnings - the report's inflation component - shows a bigger-than-expected decline. (See chart for details.)

Earnings onslaught to continue
In the week ahead, 112 of the 500 largest publicly traded companies report results, including tech leaders Google (Charts) and Amazon.com (Charts) and Dow components Verizon (Charts), Pfizer (Charts), and Merck (Charts).

Dow component Exxon Mobil (Charts) is also expected to report, along with a handful of other big oil companies. (See chart for details.)

After leading the charge in recent quarters, energy-sector earnings growth is expected to have slowed in the just-completed fourth quarter. According to Thomson Financial, energy-sector earnings are expected to have declined 11 percent in the quarter, marking the first quarter of contraction in several years.

That's not the only dubious record expected to be hit. Overall, S&P 500 earnings are forecast to have grown 9.9 percent from the first quarter, according to Thomson Financial, marking the first period of less than 10 percent growth for the benchmark index in nearly five years.

Standard & Poor's takes a more conservative approach, looking for earnings to grow just 8 percent in the December quarter. For both earnings-tracking companies, the current forecast is a blended one, representing both reported and expected earnings.

"After 18 consecutive quarters of double-digit growth, earnings are going to slow, and investors need to get used to that," said Howard Silverblatt, equity market analyst at Standard & Poor's.

However, he points out that the slowdown is largely about tougher comparisons after a period of such consistent expansion. Additionally, the slowing economy and decline in energy- sector earnings play a role in slower overall growth.

So far, about 40 percent of companies in the S&P 500 have reported results, and, as is typical, roughly two-thirds of the companies have been posting higher-than-expected results.

Yet stock investors have been more preoccupied with high-profile companies that have reported weaker earnings for the December quarter or issued milder-forecasts for the March quarter, the first of 2007. They include Intel (Charts), Apple (Charts) and AMD (Charts).

First-quarter earnings forecasts have been pretty conservative so far. Growth is expected to grow at a 5.8 percent rate, said Thomson research analyst David Dropsey, meaning the quarter is likely to bring another multi-year low. 

On the upside, it's only one month into the quarter, Dropsey noted, and the overall growth forecast]]></description>
<dc:creator>평상심</dc:creator>
<dc:date>Mon, 29 Jan 2007 16:40:13 -0700</dc:date>
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