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Consumer Sentiments Reaches Record Level since May

14 January 2012

Consumer sentiment in January touched the maximum level since May, with both present and future economic situations observed as enhancing, as reported by a data published on Friday by the University of Michigan and Thomson Reuters.

The consumer-sentiment index hit 74 in the initial data for January, in contrast with 69.9 last month. Economists surveyed by MarketWatch had predicted a January figure of 73 on superior stock prices and healthy jobs situations.

In separate news, Labor department report showed that jobs growth approached 200,000 in December. Prices for Gasoline all grades declined to an average of $3.33 per gallon in the month of December from $3.44 in November.

The sentiment index, which shows that how consumers look their personal finances along with business and purchasing situations, averaged nearly 87 in the year ahead of the beginning of the most recent slump. Analysts observe sentiment data to get a sense for the track of consumer spending.

As per reported by data from Reuters, an index measuring consumers’ outlooks on the present economy climbed to 82.6 in January from 79.6 in December. In the meantime, an indicator for their economic predictions climbed to 68.4 from 63.6.

Percentage Change Readings showed that all the sectors decline for the day in the range of -1.00% to -3.00%.

Top Three Losers:

Transportation Sector declined -1.04%, 9.00% companies in this sector gained more than +2.00% whereas 20.00% declined below than -2.00%, all other remained in between them.

Among the Positive Percentage Changes, Navios Maritime Holdings Inc. (NYSE:NM) remained on top with the advanced change of +3.60% to close at $3.74, whereas among Negative Percentage Changes, Genco Shipping & Trading Limited (NYSE:GNK) stayed on top with the negative change of -7.28% to end at $6.88 and United Parcel Service, Inc. (NYSE:UPS) stayed high among the Highly Traded Stocks with the total traded volume of 5.02 million share topping the average volume of 4.09 million shares.

Consumer/Non-Cyclical Sector edged lower –0.88%, 6.00% companies in this sector advanced more than +2.00% whereas 15.00% declined below than -2.00%, all other remained in between them.

Among the Percentage gainers, Blyth, Inc. (NYSE:BTH) stayed on top with increased intraday change of +11.62% and the last trade recorded was at $63.79 whereas among Percentage losers, Diamond Foods, Inc. (NASDAQ:DMND) remained on top with slipped change of -10.26% and the last trade recorded was at $29.73 and The Coca-Cola Company (NYSE:KO) stayed high among the Most Actives with the total traded volume of 9.99 million shares more than its average volume of 7.58 million shares.

Conglomerates Sector shed -0.88%, 6.00% companies in this sector gained more than +2.00% while 15.00% companies declined below than -2.00%, rest remained in between them.

Among the Bullish Stocks, Olin Corporation (NYSE:OLN) advanced +1.81% to settle at $21.43, whereas among Bearish Stocks, Federal Signal Corporation (NYSE:FSS) dropped -2.91% to end at $4.00 and 3M Company (NYSE:MMM) stayed high among the Highly Traded Stocks with the overall traded volume of 3.09 million shares which was less than its average volume of 3.84 million shares.

Top Performing Industry:

Music & Videos Stores Industry of the Services Sector remained Performance Leader among the industries with the percentage change of +2.39% where its composite value stands at 476.5 points.

The Top Performing Stock of this industry was Hastings Entertainment, Inc. (NASDAQ:HAST) with the positive change of +4.29%.

US markets went steep down during yesterday business which took most of the significant indices below 0.30% in the after-hours trading.

clnoThe rapidly growing company conducting its business in the energy sector includes Cleantech Transit, CLNO whose stock was last traded on January 11 and closed at $0.08.

Cleantech Transit Inc firmly uses the benefits of technology progresses and production opportunities in the fast expanding clean energy public transportation sector. Cleantech Transit Inc is heading forward with a direct investment method in important green energy projects that are conventional to maximize shareholder profits.

After winning a successful support for the many economic and operational methods of conversion of wood waste (Biomass) into renewable energy sources, company opted to place its significant investments in Phoenix Energy (www.phoenixenergy.net). Company’s management is optimistic that this project will work in strengthening stockholders investment returns as well benefit CLNO’s production clients in the world.

For our daily energy requirements biomass is no doubt a suitable source. Biomass comprises all the agriculture produce including the living or dead plants and crops. All of this material is used in a systematic way to produce biofuels for the production of energy and electricity.

Biomass is a cheap source of energy that is considered as inexhaustible so far. It renders minimum amount of disadvantages for environment as compared to traditional fossil fuels.

A supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry Schlumberger Limited NYSE:SLB share price decreased about 2.45% and settled $67.99. Schlumberger had share volume of about 9.71 million shares and its market capitalization remained $91.25 billion.

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