The market is having another good day — up 84. The SFE Futures were up 92 this morning. Banks and BHP leading the way.

The Dow Jones closed up 169. Biggest one-day rally in percentage terms in 3 months. Dow was up 180 at best and up 2 at worst. Financials well up with the US banks up 2.9%. IN the UK Barclays put on 6.8% on good results. Metals were well up in London, Gold jumped $30 to $1120 and the Aussie dollar rebounded to 90.16c compared to 88.88c yesterday.

Massive day for results … this is a table of stocks with results and their share price movements today:

mmr1

  • Brambles (BXB) — in line with expectations — Shares recovering after early falls on upbeat conference call comments.
  • CSL Ltd (CSL) — better than expected — 1H net profit up 23% to $617.4m on sales of $2.32bn. Analysts expected something between $509.5m and $547m
  • Westfield Group (WDC) — in line — Operating earnings up 6.2% to $2.064bn from $1.94bn. They declared a final distribution of 47c.
  • Ansell (ANN) — better than expected — Net profit before NRIs (non recurring items) came in at $46m, ahead of consensus of $37m.
  • The Reject Shop (TRS) — slightly ahead of expectations — announces a 22% rise in net profit to $18.9m.

See below for other results comments.

In other news…

  • Westpac Bank (WBC) up another 2% today to 2525c after putting on 6% on the back of their trading update. All major banks up more than 2% today.
  • Iron ore stocks rallying on recent comments that iron ore prices negotiations will settle on a price up over 50%. FMG up 3%, BHP up 1.8% and RIO up 2.8%.
  • Stocks hitting yearly highs include: Seek (SEK), Brockman Resources (BRK), Ansell (ANN), The Reject Shop (TRS) and Otto Energy (OEL).

MARCUS PADLEY is the Author of the MARCUS TODAY Daily Stockmarket Newsletter.

For a free 5 day obligation free trial of the MARCUS TODAY newsletter (and no we won’t ask for a credit card number) please Click Here 00 you will receive our renowned and popular Daily email about the stockmarket with all the stuff you need to know ahead of the trading day including overnight developments, news, comments, rumours, broker stuff and Ideas from Marcus and his Team. You will also be given a password to the MARCUS TODAY website including access to our Recommended Portfolio which is actively managed on behalf of subscribers.…no “set & forget”. Everything you need to effortlessly managed your own long term investment portfolio.

It includes an Income Portfolio. And for the traders we monitor short and medium term trades on top of the portfolio. Members also get access to our Database 00 all the numbers with comments on the ASX 200 stocks and more. Members also get access to our Educational section which includes an archive of Marcus’s Educational and Entertaining articles.  We are sure you will enjoy and profit from what we offer. Thousands of subscribers enjoy and profit from our services every day. We have one of the highest re-subscription rates in the financial newsletter industry.

For your FREE TRIAL – Click here

To Subscribe to MARCUS TODAY – Click Here

We also offer a FREE END OF DAY EMAIL – Click here – A free summary of the day in the market.

To buy MARCUS’S BOOK “Stock Market Secrets” – Click here