Buat besok naek lagi nga nih?
U.S. Stocks Rise for 2nd Day as Bernanke Speaks; Deere Advances
By Michael Patterson
Feb. 14 (Bloomberg) – U.S. stocks rose for a second day, pushing the Dow Jones Industrial Average to a record, as Federal Reserve Chairman Ben S. Bernanke said inflation pressures are easing because of falling energy and commodity prices.
Bernanke''s remarks allayed concern sparked by comments last week from Fed officials that highlighted rising prices and signaled borrowing costs may head higher. Results from Deere & Co. and Applied Materials Inc. that surpassed analysts'' estimates also aided the market''s advance.
``This is a very bullish statement and somewhat out of character because the Fed is usually more balanced,'''' said Timothy Ghriskey, who manages more than $1 billion at Solaris Asset Management LLC in Bedford Hills, New York. ``The Fed is decidedly on the sidelines and if they''re leaning any way, it''s towards lower and not higher interest rates.''''
Deere, the world''s biggest maker of farm equipment, climbed the most since August 2002 after its first-quarter net income unexpectedly rose. Applied Materials led semiconductor companies higher as the largest maker of chip-production equipment said orders will increase this quarter.
The Dow average rose 66.02, or 0.5 percent, to 12,720.87 at 10:46 a.m. in New York. The measure last closed at a record 12,673.68 on Feb. 1. The S&P 500 added 9.17, or 0.6 percent, to 1453.43, its highest since September 2000. The Nasdaq Composite Index advanced 23.42, or 1 percent, to 2483.30.
Stocks yesterday snapped a three-day decline and the Dow average had its biggest rally this year as takeover speculation boosted mining shares.
Declining energy and commodity prices are likely to reduce inflation, Bernanke said, though it will be a while before the Fed relaxes its guard.
The Fed chief also said there are ``tentative signs'''' of stabilization in the housing market and consumers continue to be the ``mainstay'''' of economic growth.
``He gave a very solid report on the consumer and on inflation,'''' said Quincy Krosby, who helps manage $325 billion as chief investment strategist at The Hartford in Hartford, Connecticut. ``Short of coming out and saying `We want to give you a rate cut just for the sake of a rate cut,'' this is the best it could get.''''
Fed regional bank presidents William Poole, Sandra Pianalto and Richard Fisher last week said in separate speeches that inflation remains a concern and higher interest rates may be needed.
After his testimony to the Senate Banking Committee today, Bernanke will address the House Financial Services Committee tomorrow.
Earlier today, a government report showed retail sales stalled last month as cheaper gasoline limited service station receipts and dealerships sold fewer cars. Purchases excluding fuel and autos increased.
January sales were unchanged after a 1.2 percent gain in December, the Commerce Department said. Sales excluding autos and gasoline rose 0.5 percent after increasing 1 percent in December.
The slower growth indicates spending is falling in line with the Fed''s goal of achieving moderate economic growth that doesn''t cause inflation to accelerate.
Deere surged $7.44, or 7.3 percent, to $110.11, a record. The company said first-quarter net income rose to $1.04 a share from 99 cents a year earlier as it tightened inventory and offered more new machines and services. Earnings beat the 81-cent average analyst estimate compiled by Bloomberg.
Rival Agco Corp. increased $1.27 to $37.22.
A measure of chip-related companies jumped 1.4 percent for the top advance among two dozen industry groups in the S&P 500.
Applied Materials gained 31 cents to $18.50. Chief Executive Officer Mike Splinter said fiscal second-quarter orders will rise, helped by deals with makers of both dynamic random access memory, or DRAM, and flash memory. Analysts including Bill Ong at American Technology Research predicted a drop in orders of as much as 10 percent.
Intel Corp., the world''s largest semiconductor maker, added 27 cents to $21.17. Advanced Micro Devices Inc., the second- biggest maker of personal-computer processors, rose 9 cents to $14.69.
Companies posted a 9.7 percent gain in fourth-quarter profit through yesterday, with 78 percent of the S&P 500 members having announced results, according to data from Bloomberg. Earnings this quarter will probably rise 4.1 percent, according to analysts'' estimates. Average profits have climbed by at least 10 percent since the third quarter of 2002.
First Solar Inc. surged $7.63 to $41.91. The maker of rooftop solar-power panels said fourth-quarter profit excluding some items was 11 cents a share. On that basis, analysts surveyed by Bloomberg had estimated a 4-cent loss, on average.
Macrovision Corp. added $1.92 to $27.40. The maker of software to prevent copying of digital music and DVDs said fourth-quarter profit almost quadrupled to 31 cents a share and that the government ended a probe into the company''s stock-option grant practices. Analysts expected profit of 26 cents.
DaimlerChrysler AG''s U.S. traded shares climbed $2.66 to $67.11. The German automaker may sell or seek partners for its unprofitable Chrysler division. The company said Chrysler will cut 13,000 jobs, or 16 percent of the workforce, after posting a 2006 operating loss of 1.12 billion euros ($1.46 billion).
CALPERS meningkatkan rating Indonesia dari 2.0 menjadi 2.1 sementara malaysia 2.2 dan Thailand 2.0
Money Flow akan masuk atau sedang masuk…!
Sikat Blue CHIPS!!!
Kalo berani turunin… ntar gw komporin satu RT utk tampung sebanyak-banyaknya…