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Wall Street bounce or no bounce?

Wall Street is evolving in an extremely volatile on Friday and is now displayed in a dispersed two-hour closing. The rebound in the Dow Jones remains weak while the evidence seemed to want to plunge a few hours ago. Rumours suggesting the support from the ECB, Italy and Spain, came somewhat calm the operators in the afternoon. Moreover, the market is only half reassured by the latest employment figures across the Atlantic, marked by a decline in unemployment to 9.1% and 117,000 new jobs. Finally, the S & P still maintains the pressure on a possible deterioration in the U.S. note ... The DJIA bounced currently 0.86% at 11,481 points while the Nasdaq yield 0.13% to 2553 pts.

According to the U.S. Department of Labor on Friday, the creations of non-agricultural jobs in the United States for the month of July 2011 were well above consensus, numbering 89,000 against 117,000 expected by economists on average. The U.S. unemployment rate declined slightly further to 9.1% against 9.2% consensus and 9.2% reported a month before. Job creation in June are reviewed last up to 46,000, against 18,000 previously estimated.

In the private sector, the government no fewer than 154,000 jobs created in July after 80 000 in June (revised from 57,000). Consensus was 110,000 in July.

The index on the Monster Online recruitment for the U.S. came out in July 2011 rose by 4% compared to last year at 144 after 146 in June 2011 and 143 in May. It was 138 in July 2010. This is the 18th consecutive month of increase in the indicator year on year. The decline compared to June is in turn consistent with the seasonal normal.

Italian and Spanish rates "spread" relax on Friday night as rumors, citing the fact that Italian and Spanish central banks have purchased on behalf of the European Central Bank debt securities in their country, traveling at the moment markets. According to other rumors quite similar, the European Central Bank would be willing to support the Italian and Spanish bonds if these countries are subject to certain reforms.

While the "double dip" a growing threat and that financial markets are battered, U.S. President Barack Obama has again tried to reassure markets on Friday by saying that the U.S. would get out " we'll go out, things will get better ", he protested loudly. The U.S. president also reiterated that his country had managed to create jobs in the private sector for 17 consecutive months ...

VALUES OF THE DAY

AIG (-3%) has released its second quarter results. Its net income was $ 1.8 billion and operating profit after tax was $ 1.3 billion. Over the same period last year, the Group had a net loss of $ 2.7 billion, and operating profit after tax of $ 793 million. Q2 2011 EPS is $ 1, against $ -19.57 in Q2 2010. However, operating profit (after tax) per share was $ 0.69, against $ 1.18 a year earlier.

Fluorine (5%) announced its second quarter results. Profits are $ 165 million ($ 0.94 per share) against $ 157 million ($ 0.87 per share) a year before. The consensus was $ 0.81 in EPS. Its revenues climbed 17% to $ 6 billion. Of 2011, the Group is an EPS between $ 3.40 and 3.10, against a previous range of 3.00 / $ 3.40.

LinkedIn (-1%), the professional social network recently introduced on Wall Street, announced yesterday the quarterly detonating. For its second fiscal quarter, the Group has in fact posted a net profit of $ 4.5 million and 4 cents a share, compared with a profit of $ 938 K and 2 cents per share during the same period last year . Income, $ 121 million, soared on the other hand 120% year on year, against about $ 55 million in Q2 last year. Adjusted EPS was 10 cents per share. The Wall Street consensus was 4 cents loss per share and $ 104.5 million in quarterly revenues. For the quarter began, LinkedIn expects revenues ranging from 121 to $ 125 million. For the year, revenue is estimated between 475 and $ 485 million. The projections are also much higher than the consensus ($ 439 million in annual sales).

PMI Group (-27%), mortgage insurer American had already unscrewed from 53% last night on Wall Street after announcing that it would stop new insurance in several states because of its inadequate levels of capital, mainly those subsidiary of PMI Mortgage Insurance Co. In the second quarter, PMI has lost $ 135 million and 83 cents a share, against $ 151 million and $ 1.11 per share a year earlier. The new challenge course, the pressure on bond insurers. MGIC also unscrewed last night on the American coast, as well as Radian Group.

AES (2%) recorded for its second fiscal quarter net income increased by 21% to $ 174 million and 22 cents a share, against $ 144 million a year earlier. American Energy Group generated revenues up 16% to $ 4.54 billion, for an adjusted EPS growth of 17% to 28 cents, slightly higher than the consensus.

CF Industries (4%) announced its second quarter results. Its earnings are $ 487.4 million ($ 6.75 per share) against $ 105.1 million ($ 1.54 per share) a year before. Its revenues climbed 38% to $ 1.8 billion. Analysts on average expected a quarterly EPS of $ 6.95, on revenues of $ 1.7 billion.

Pitney Bowes (2%) published its second quarter results. Its earnings are $ 100.9 million ($ 0.49 per share) against $ 61.4 million ($ 0.30 per share) a year before. Bottom adjusted EPS totaled $ 0.52, against $ 0.48 a year earlier and $ 0.52 consensus. Its revenues climbed 1.3% to $ 1.31 billion, against $ 1.32 billion consensus. During the year, the Group is always an EPS between $ 2.35 and 2.15.

Procter & Gamble (2%), the giant consumer products, posted the fourth fiscal quarter 2011 net income up 15% to $ 2.51 billion and 84 cents a share, against $ 2.19 billion a year before. Revenues are appreciated for their 10% to reach $ 20.9 billion. The consensus was 82 cents EPS and $ 20.6 billion in billings. The Group is considering Cincinnati for the year 2012 adjusted earnings per share ranging from 4.17 to 4.33 $, up 6% to 10%. The market consensus is $ 4.45.

Viacom (1%), the U.S. media group, reported in the third fiscal quarter ended in June 2011 with net income of $ 574 million and 97 cents a share, against $ 420 million a year before, or 69 cents per share only. Revenue rose to $ 3.77 billion in the quarter, against $ 3.28 billion last year. Media networks and filmed entertainment posted double-digit growth of their business. The adjusted EPS has accounted for 99 cents against 71 cents a year earlier. The consensus was 86 cents EPS for $ 3.5 billion in revenue.

Priceline.com (+10%) has unveiled its second quarter results. Its earnings are $ 256.4 million ($ 5.02 per share) against $ 115 million ($ 2.26 per share) a year before. Adjusted basis, EPS totaled $ 5.49, against $ 3.09 for the same period last year, and $ 4.85 consensus. Its revenues are $ 1.1 billion, up 44% against the $ 1.08 consensus. In Q3, the Group is an EPS between $ 9.30 and 9.10 (above expectations), on revenues up from 37 to 42%.

Weight Watchers (16%) reported for its second quarter net earnings of $ 87 million and $ 1.17 per share, against $ 56 million a year before or 73 cents per share. The Group of New York took advantage of consumer demand in North America and the UK market. Revenues totaled $ 486 million, against $ 377 million a year earlier. Group boosts its forecast for annual EPS between $ 4.05 and 3.85.

Sunoco (-4%) has released its second quarter results showing a net loss of $ 125 million ($ 1.03 per share), against a profit of $ 145 million ($ 1.20 per share) a year before. The loss is mainly due to asset write-downs in the industry "chemistry" of the Group. Adjusted EPS totaled $ 0.40, against $ 1.31 for the same period last year, and $ 0.47 consensus. Its revenues climbed 25% to $ 12.02 billion, against $ 8.7 billion consensus.