Mastercard Priceless

[MTnews]

Daily Market Commentary for May 28, 2008 from

Todays top stock pick for the trading session was MasterCard Incorporated (NYSE: MA) which soared higher today to blow by its previous 52 week high, setting a new record of over $316 a share for the new 52 week high. ()

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:
DOW (Dow Jones Industrial Average) gain of 52.19 points on the day to end the session at 12,646.22
NYSE (New York Stock Exchange) gain of 7.53 points to end the session at 9,371.87
NASDAQ gain of 21.62 points for a close at 2,508.32
S&P 500 gain of 7.41 points for a close at 1,398.25
FTSE All-World ex-U.S. gain of 0.65 points to close at 252.34
FTSE RAFI 1000 gain of 42.41 points for a close at 5,590.27
BEL 20 gain of 16.51 points to close at 3,727.43
CAC 40 gain of 4.79 points to close at 4,975.90
FTSE100 loss of 1.5 points to close at 6,068.1
NIKKEI 225 triple digit gain of 415.1 points to close at 14,124.50

News on the New York Stock Exchange (NYSE) today: advanced stocks 1,921; declined stocks 1,233; unchanged stocks 94; stocks hitting new highs 53; stocks hitting new lows 28. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: Visa Incorporated (NYSE: V) gained 3.33 points on the trading day, high on the trading day $86.95, low on the trading day $83.01, for a closing price at $85.25; MasterCard Incorporated (NYSE: MA) gained 22.11 points on the trading day, high on the trading day $316.96, low on the trading day $294.52, for a closing price at $309.00; UltraShort Financials ProShares (NYSE: SKF) shed 3.69 points on the trading day, high on the trading day $113.00, low on the trading day $107.58, for a closing price at $108.76; Mechel Open Joint Stock Company (NYSE: MTL) shed 1.10 points on the trading day, high on the trading day $56.13, low on the trading day $52.69, for a closing price at $54.39; Rio Tinto plc (NYSE: RTP) shed 15.05 points on the trading day, high on the trading day $493.00, low on the trading day $481.31, for a closing price at $483.25; New Oriental Education & Technology Group (NYSE: EDU) shed 6.37 points on the trading day, high on the trading day $76.00, low on the trading day $68.80, for a closing price at $69.56; CME Group, Incorporated (NYSE: CME) gained 0.10 points on the trading day, high on the trading day $443.00, low on the trading day $432.02, for a closing price at $437.30; Petroleo Brasileiro SA (NYSE: PBR) shed 2.59 points on the trading day, high on the trading day $73.77, low on the trading day $70.67, for a closing price at $70.78; Transocean Incorporated (NYSE: RIG) shed 6.37 points on the trading day, high on the trading day $76.00, low on the trading day $68.80, for a closing price at $69.56; Potash Corporation of Saskatchewan, Incorporated (NYSE: POT) shed 0.55 points on the trading day, high on the trading day $201.98, low on the trading day $194.55, for a closing price at $197.23.

News on the NASDAQ today: advanced stocks 1,741 declined stocks 1,127; unchanged stocks 154; stocks hitting new highs 68; stocks hitting new lows 60. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: First Solar, Incorporated (NasdaqGS: FSLR) shed 20.46 points on the trading day, high on the trading day $263.95, low on the trading day $251.81 for a closing price at $252.72; DryShips, Incorporated (NasdaqGS: DRYS) shed 0.23 points on the trading day, high on the trading day $98.67, low on the trading day $90.82, for a closing price at $95.15.

News on the American Stock Exchange (AMEX) today: advanced stocks 673; declined stocks 530; unchanged stocks 88; stocks hitting new highs 17; stocks hitting new lows 16.

U.S. Jobless Claims rose 4K to 372K during week of May 24 compared to survey of an increase by 5K; U.S. Continuing Claims for week of May 17 increased by 36K to 3,104,000; U.S. Jobless Claims Revised for week of May 17 to 368K from 365K; U.S. Continuing Claims were highest since February 2004.

U.S. 1Q GDP revised to increase by rate of 0.9% from increase by 0.6%; U.S. 1Q GDP Consensus +0.9%; 1Q Real Final Sales revised to increase by rate of 0.7% from decrease by 0.2%; 1Q PCE Price Index unchanged at increase by 3.5%; 1Q Purchases Price Index unchanged at increase by 3.5%; 1Q Chain-Weighted Price Index unchanged at increase by 2.6%; 1Q Corporate Profits fell 6.8% versus increase by 1.1% in 4Q.

Department Of Energy released oil inventories today: U.S. Refineries ran at 87.9% capacity versus 87.9% capacity a week ago; U.S. Distillate Stockpiles increased by 1.641 Million Barrels at 109.431 Million Barrels; U.S. Gasoline Stockpiles fell by 3.258 Million Barrels at 206.155 Million Barrels; U.S. Crude Oil Stockpiles fell by 8.883 Million Barrels at 311.559 Million Barrels; U.S. Refineries Ran At 87.9% seen increasing by 0.5 Pts at 88.4%; U.S. Distillate Stockpiles increased by 1.6 Million Barrels in the week compared to expectations of an increase by 800,000 Million Barrels; U.S. Gasoline Stockpiles fell by 3.3 Million Barrels in the week compared to expectations of a drop by 300,000 Million Barrels; U.S. Crude Oil Stockpiles fell by 8.9 Million Barrels in the week compared to expectations of unchanged.

Commodities Markets
Energy Sector: Light Crude (NYM) shed $4.41 on the day to close at $126.62 a barrel ($US per bbl.); Heating Oil (NYM) shed $0.14 on the day to close at $3.71 a gallon ($US per gal.); Natural Gas (NYM) shed $0.52 on the day to close at $11.47 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.04 on the day to close at $3.40 a gallon ($US per gal.).

Metals Markets: Gold (CMX) shed $23.30 to close at $881.70 ($US per Troy oz.); Silver (CMX) shed $0.90 to close at $16.52 ($US per Troy oz.); Platinum (NYM) shed $76.70 on the day to close at $1,990.20 ($US per Troy oz.) and Copper (CMX) shed $0.14 to close at $3.56 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 0.20 to close at 76.25; Pork Bellies (CME) gained 2.55 to close at 75.75; Live Cattle (CME) shed 0.70 to close at 100.93; Feeder Cattle (CME) shed 0.35 to close at 115.45.

Other Commodities (cents per bu.): Corn (CBT) shed 10.25 to close the session at 582.25 and Soybeans (CBT) shed 50.00 to close session at 1,322.75.

Bond action for the day: 2 year bond shed 4/32 to close at 99 27/32 with a Yield of 2.69, Yield Change +0.08; 5 year bond shed 13/32 to close at 98 20/32 with a Yield of 3.42, Yield Change +0.08; 10 year bond shed 23/32 to close at 98 6/32 with a Yield of 4.08, Yield Change +0.08; the 30 year bond shed 1 5/32 to close at 93 26/32 on the day with a Yield of 4.76, Yield Change +0.08.

The e-mini Dow $5 ended the commodity session today at 12,653 with a gain of 54 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.

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