Huddle Up! Join for Free.
Get More Trade Ideas and Track Technical
Levels for Stocks in your Portfolio
Find Out More About HuddleUp!

Or Single Sign on to Register

Stock Futures Point for a Flat Open. Stocks to Watch: RTP, HMC, SUN
Written by Danny Miller   
Friday, 05 February 2010 09:45

New York, Feb 5th (TradersHuddle.com) – Stock futures were pointing fractionally lower after the unemployment report showed a surprisingly lower unemployment rate at 9.7, which is a 5 month low. Despite Asian shares plunging, Wall Street futures signal a that the selling that started yesterday might be due for a rest.

Today Stocks to watch:  Honda Motor (NYSE:HMC), Rio Tinto (NYSE:RTP), Sunoco (NYSE:SUN)

Honda Motor (NYSE:HMC), the Japanese car maker that gets about 80% of its revenue outside of Japan slid more than 3% in Tokyo, as the yen strengthen on speculation that investors will unwind the carry trade, when they sell their riskier assets and move to safe haven assets.

Rio Tinto (NYSE:RTP), the world’s number 3 mining company plunged in overseas trading as metal prices took a dive, on concern that higher government deficits along with unemployment in the U.S. will derail the economic recovery and dampen metals demand.

Sunoco Inc. (NYSE:SUN): The largest U.S. refiner on the East Coast reported a fourth-quarter adjusted loss of 27 cents a share. The results for the refiner were weaker than expected as higher crude prices pressure refining margins.

 
Get TradersHuddle Technical and Trend Analysis on: NYSE:SUN For Free

TradersHuddle provides recommendations based on an algorithm that considers key technical indicators, as well as, support and resistance levels.You can track your stocks by registering for Free to the TradersHuddle Community.


 

 


 

| More

Get Support / Resistance / Stop Loss
Get It - It's Free