Update information around the financial market which supports traders around day trading floor to plan their business will be continuously shared by Pitguru Frank LaMantia. Just check for the news whenever changes around this market affect on your work!


Commodities seem to be done selling off for the time being as move higher in the early part of the day. A concern about the global recovery also seems to be easing. Japan is going to shut down its thirds largest nuclear power plant which is called the Hamaoka plant 120 miles southwest of Tokyo. Chuba Electric Power Co. is down over 14% after the prime minister announced the closing. Almost 26,000 people have been killed or not found and the nuclear plants are still leaking radiation. Experts believe that in the next 30 years the area were Hamaoka lies could see an earthquake of 8.0 or higher. Some of the statistics these experts are giving are up near an 87% this could happen in the time frame given.

McDonalds saw revenue rise over 6% because of McCafe drink and breakfast items. Restaurants that have been opened for at least 13 months showed an increase of 4%. Overseas numbers were slightly better with a 6.5% increase. Hertz is offering Dollar Thrifty $2.1 billion so that it can get in front Avis Budget. Avis has issues getting clearance for regulatory bidding to try and be Hertz. The last bid was $1.2 billion in April of last year by Hertz who sees the value in the company. Dollar Thrifty raised its profit outlook and might wait for Avis to get its clearance so the real bidding can start. Hertz wants to be involved in the non-airport market which has a market value of over $10 billion. HSBC announced that profits fell 14% from a year ago. $440 million is being set aside to compensate customers in the UK who were sold insurance an unethical fashion. HSBC made a profit of $4.9 billion which is down from the $5.7 billion the company made last year. The company plans to restructure and lessen its presence in the 87 countries it presently resides in.

This might be an opportunity to pick up a few points today, depending on how traders react after the open. The commodity sell-off could spark a small sell off in stocks which is what this trader is concerned about. It is important to watch the volume and the amount of sell orders that are being placed compared to the averages.

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