New Year tips from Internaxx

MARKET OUTLOOK

- US : US markets failed to move significantly last week on lack of major economic and earnings reports. This week should provide even less movements and trading volume shall remain low. Thursday will be the busiest day of the week in terms of economic data.

- EUROPE : European markets traded higher last week, benefiting from renewed weakness of the euro against the dollar and lower long term interest rates. The technical outlook for the major indices remain towards a continuation of the rise. Watch Thursday's December GfK consumer confidence survey for the UK and Friday's November French unemployment rate.


COMPANY PREVIEW

Amazon-com (USD 49.22 ; -0.53% ; AMZN ; AMZN.O)

Amazon.com said during the week-end that holiday sales worldwide reached a record this year. The stock is up 11.3% year to date. The rise through the strong $50 resistance will open further upside.


Bristol Myers Squibb (USD 22.94 ; 4.94% ; BMY ; BMY.N)

Bristol-Myers Squibb should be active this week as the drug company won FDA approval for its Orencia rheumatoid-arthritis drug. Orencia sales could reach $1bln in 2010.


Boston Scientific (USD 25.84 ; 1.1% ; BSX ; BSX.N)

Guidant said it expects 4Q sales of $790-$820 million, less than the $928 consensus forecast. Boston Scientific confirmed it plans to proceed with its offer to buy the maker of defibrillators devices.


InBev (EUR 36.05 ; -2.41% ; INB ; INTB.BR)

World's second-largest beer maker InBev named Carlos Brito as CEO to replace John Brock. The company is looking to expand in Asia and Latin America to reduce its dependence to a difficult western market. The stock has gained 26.3% so far this year, beating the 23.7% gain for the DJ Europe STOXX Food and Beverage index.


Volkswagen (EUR 44.42 ; -1.07% ; VOW ; VOWG.DE)

Volkswagen's brand had a profit for the fourth quarter and full according to Chief Executive Officer Bernd Pischetsrieder (Frankfurter Allgemeine Zeitung). The stock has dropped 18% since its October 04 high but has now found a good support base above E43.