The market is down 39. The SFE Futures were down 57 this morning.

Wall Street closed down 134 overnight. The Dow and the S&P 500 fell for the 4th straight day. Existing homes sales fell 27% in July to reach a record low. Consensus was for a 12.9% fall. Metals were mostly down on the LME, the oil price fell $1.47 to $71.63 and Gold was up $4.90 to $1233.40. The Aussie dollar fell to 88.25c from 89.06c.

Busy day on the results front…

  • Worley Parsons (WOR) down 7.37% on net profit of $291.1m for the year. This was below consensus estimates of $307.7m but was within its guidance given in January of $280m-$300m.
  • Pacific Brands (PBG) up 14.12% — net profit was better than expected at $52.7m up from a net loss of $234.5m last year. Expects to resume dividends following the first half 2011 result.
  • Asciano (AIO) — above guidance — FY EBITDA of $723.7m, was above guidance and consensus of $700m. They will adopt a distribution payout ratio of 20-30%. Price up 2c to 168.5c.
  • IRESS Market Technology (IRE) — Underlying profit came in at $28.1m, up 6.5%. Net profit was $26.9m, up from $20.7m last year. Declared a final dividend of 14c, up from 13c last year. IRE down 15c to 820c.
  • Hastie Group (HST) — down 7.55% – Announced a 31.7% fall in FY profit to $39.8m. Declared a final dividend of 4c ff taking the total dividend for the year to 9c.
  • MAP Group (MAP) — up 3.5%. Net profit came in at $19.72m. Revenue was up 5.4% to $480.94m and they declared an interim distribution of 11c.
  • Suncorp-Metway (SUN) — up 4.11% — net profit ahead of consensus at $780m for the year and ahead of estimates of $733m. Final dividend of 20c.
  • Seven Group Holdings (SVW) has reported a net profit of $718m for the 2 months to June 30. A dividend of 18c a share will be paid. SVW up 0.81%.
  • Super Cheap Auto (SUL) — FY profit up 18.4% to $38.0m, up from the previous year. SUL up 1.06% to 570c.
  • Ausenco (AAX) down 3.17% — reports a net loss after tax of $19.6m, down from $12.2m in FY2009 but below GSJB Were estimates of a $17.2m loss.
  • Transpacific Industries Group (TPI) — FY Result better than expected — Announced a $59m profit, ahead of consensus estimates of $53.5m. Won’t pay a final dividend. TPI up 0.45%.
  • OZ Minerals (OZL) — Underlying profit rebounded to $230.5m after tax from an $89.9m loss the previous year. Analysts had expected $200.35m. Interim dividend of 3c a share. OZL up 1c to 124c

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 – 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 – 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