Morning Stock Report – Stocks to Watch 10-7-09

International Markets

• Market:

-          US markets gains on broker upgrades in GS and rebound in natural gas prices.

-          Dow sectors: Best; Financials +1.0%, Tech +0.8%, Basic Materials +0.3%. Worst; Healthcare -1.7%, Telco’s -0.3%, Cons Services -0.2%

-          Warren Buffett comments to ABC the economy is not in recovery and may need more federal stimulus.

-          Treasuries fall, following $11bn auction of 30yr bonds. US 10yr notes up 0.11% to 3.41%

• Commodities:

-          Oil, rises from 7 week low as USD slips against major currencies. Gold & Copper also gain on USD weakness.

-          Alcoa reached traded to highs of 6.6% near the open bell, before closing down -2.4%

• Eco Data:

-          Initial Jobless claims 565k v cons 603k

-          Continuing claims 6883k v cons 6710k

-          Wholesale Inventories -0.8% v cons -1.0%

-          ICSC Chain store sales YoY -5.1% v prior -4.6%

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