Friday, September 30, 2005
Distibuted Energy Systems Corp. just made a new intraday high and could be a momentum play if the stock is closing strong on the day.
NTRI
Nutrisystems, Inc. is acting very well today so keep it on the radar for a possible swing setup.
Wild Window Dressing
Bloggin Wall St. has a very good article today on Window Dressing a technique fund managers use at the end of the quarter. Today is the last day of the quarter for many companies. With that comes what is known as window dressing, a technique used by fund managers to alter the list of holdings that are reported in quarterly, semi-annual, and annual reports to clients. This in my view is one of the dastardliest practices in the industry that has gone ignored by regulators. It’s every bit as bad as anything that came to light in the scandals a couple of years ago.
Bloggin Wall St. Article
Bloggin Wall St. Article
AAPL
Apple Computer, Inc. is acting well in early trading so keep it on the radar. Apple will report earnings on October 11th after the bell and it could runup into earnings.
VRTX
Vertex Pharaceuticals, Inc. just made a new 52 week high and continues to act well so keep it on the trading radar as a possible swing setup.
CTIB
CTI Industries, Inc. received a plastic film patent yesterday after the bell. The stock is highly shorted and has a tiny float so keep it on the radar today.
Stocks Trading Up In Pre-Market
CTIB, SYNM, CRME, CYTO, ENWV, ABP, AFFX, LWSN, CBST, GOOG, COOL, IDSA, NABI, VPHM, WRES, EBAY, ZHNE, VCLK, NVAX, RMBS, NGAS, and SFNT
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
AFFX, CKEC, K, BBX, and CBST
Stocks downgraded this morning include:
VRSN, OSI, MONE, CIT, COF, KMB, ACAP, WJCI, and AGP
Budd Foxx
AFFX, CKEC, K, BBX, and CBST
Stocks downgraded this morning include:
VRSN, OSI, MONE, CIT, COF, KMB, ACAP, WJCI, and AGP
Budd Foxx
Morning News
- Futures are down a bit pointing to a slightly lower open this morning.
- August Personal Income and Spending report out this morning at 8:30 am.
- September Chicago PMI today at 10:00 am.
- University of Michigan to release final September reading of Consumer Sentiment this morning as well.
- Boeing (BA) Machinists Union votes for a new 3 year contract ending strike.
- Hurricane Katrina has forced 279,000 people out of jobs so far.
- Callaway Golf (ELY) cutting jobs in a restructuring effort to save $70 million over the next 2 years. The company has also stated 3rd quarter earnings will come in short of the streets expectations.
- Crude Oil currently $66.81 per barrel.
- Wholesale Gasoline is down a bit currently $2.18 per gallon.
- Natural Gas is up again this morning remains above $14.00 per unit.
- Gold is $476.50 per ounce.
Thursday, September 29, 2005
CTIB
CTI Industries Corp. received a plastic film patent after the bell and the stock ripped in after-hours so put it on the radar for Friday.
EP
El Paso Corp. just made a new 52 week high and if the stock is closing strong it could be a momentum play.
BOOM
Dynamic Materials Corp. has a good tone to it this afternoon so keep it on that trading radar.
Budd Foxx
Budd Foxx
CRTX
Critcal Therapeutics, Inc. is a recent new issue that has a very good tone to it today so keep it on the trading radar.
TXCO
Exploration Co of Delaware, Inc. has a very good tone to it today so keep it on the radar for a possible swing trade.
AAPL
Apple Computer, Inc. last night Cramer was bullish on this stock so keep it on the trading radar.
Stocks Trading Up In Pre-Market
RHAT, DESC, IDXC, NGAS, IDSA, KFX, NBR, GW, ABP, MDRX, CTIC, AUY, ODSY, AAPL, HLTH, BLDP, MEDX, INFY, TEVA, SPPI, NKTR, and RNAI
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
ODSY, SNV, and RHAT
Stocks downgraded this morning include:
MEE, FRX, CTPB, AZN, MU, OPTN, and RIMM
Budd Foxx
ODSY, SNV, and RHAT
Stocks downgraded this morning include:
MEE, FRX, CTPB, AZN, MU, OPTN, and RIMM
Budd Foxx
Morning News
- Futures are flat could see a slightly higher open today.
- Weekly Jobless Claims at 8:30 am.
- September Agricultural Prices also today.
- Final Q2 real GDP report also today.
- E*Trade Financial to buy BrownCo for $1.6 billion in cash.
- Ford Motor Co. expected to make major changes to it's $90 billion a year global purchasing process.
- Saab to recall nearly 300,000 cars due to a faulty ignition system which can lead to overheating.
- Boeing machinist will vote today on latest agreement. Union leaders are directing machinist to go ahead with this latest deal.
- Chevron saying effects from hurricane Katrina will cost the company $350 million in 3rd quarter profits.
- Crude Oil is currently $66.59 per barrel.
- Wholesale Gasoline is $2.33 per gallon.
- Natural Gas continues to climb currently $14.20
- Gold is up currently $474.50 per ounce.
Earnings
A few of the companies reporting today.
Actuant Corp. (ATU)
American Greetings Corp. (AM)
Arrow International (ARRO)
Cantel Medical (CMN)
Celebrate Express Inc. (BDAY)
CRA International (CRAI)
Emmis Communications (EMMS)
Family Dollar (FDO)
Lawson Software Inc. (LWSN)
Neogen (NEOG)
Pepsi Co (PEP)
Workstream (WSTM)
Budd Foxx
Actuant Corp. (ATU)
American Greetings Corp. (AM)
Arrow International (ARRO)
Cantel Medical (CMN)
Celebrate Express Inc. (BDAY)
CRA International (CRAI)
Emmis Communications (EMMS)
Family Dollar (FDO)
Lawson Software Inc. (LWSN)
Neogen (NEOG)
Pepsi Co (PEP)
Workstream (WSTM)
Budd Foxx
Wednesday, September 28, 2005
MSFT
Microsoft Corp. is acting very well today as it gets back to the 200 dma so keep it on the radar for a possible swing trade,
NGAS
NGAS Resources, Inc. is acting very well today and if the stock is closing strong on the day it could be a momentum play.
MNTA
Momenta Pharmaceuticals, Inc. continues to have a good tone to it so keep it on the trading radar.
The Visual Trader
Additional Stock Picks can be found on our sister site the visual trader. Budd Foxx undates the site on a daily basis so make sure to checkout his picks.
The Visual Trader
The Visual Trader
Oil Inventories
Energy Department numbers.
- Crude oil inventories saw a decline of 2.4 million barrels.
- Gasoline inventories saw a build of 4.4 million barrels.
- Distillates saw a decline of .5 million barrels.
AMLN
Amylin Pharmaceuticals, Inc. is acting very well in early trading so keep it on the radar for a possible swing setup.
NTGR
Netgear, Inc. is acting well in early trading so keep it on the trading radar for a possible swing trade.
Stocks Trading Up In Pre-Market
PAYX, INSM, SPIR, SHLD, MEDI, TXCO, GENZ, PETM, GOOG, PDC, MEMY, RNWK, PHTN, PLLL, WPPGY, OMNI, WRES, OSIP, and NGAS
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
AEA, CSE, RRGB, AFFX, WPPGY, AEIS, FIC, TER, and PETM
Stocks downgraded this morning include:
ESV, EDP, AG, EDR, LIFC, MOGN, FORM, NVLS, NVD, and FMD
Budd Foxx
AEA, CSE, RRGB, AFFX, WPPGY, AEIS, FIC, TER, and PETM
Stocks downgraded this morning include:
ESV, EDP, AG, EDR, LIFC, MOGN, FORM, NVLS, NVD, and FMD
Budd Foxx
Morning News
- Futures are up pointing to a higher open this morning.
- August Durable Goods Report today at 8:30 am.
- Weekly Oil Inventories also due out this morning.
- General Motors and Canadian Auto Workers Union reach tentative agreement in final hours of meetings.
- Diamler Chrysler to cut 5,000 to 8,000 jobs in it's Mercedes Car Group.
- Dell Inc. to release new line of products today geared at the high end consumer.
- Crude Oil is currently $65.00 per barrel.
- Wholesale Gasoline is $2.09 per gallon.
- Gold is $466.00 per ounce
Earnings
A few companies reporting today.
Copart (CPRT)
Financial Federal Corp. (FIF)
Intermagnetics General (IMGC)
Kerr-McGee (KMG)
Landec Corp. (LNDC)
McCormick & Company Inc. (MKC)
Merix (MERX)
Red Hat Inc. (RHAT)
Research In Motion Limited (RIMM)
Resources Global Professionals (RECN)
Topps (TOPP)
Budd Foxx
Copart (CPRT)
Financial Federal Corp. (FIF)
Intermagnetics General (IMGC)
Kerr-McGee (KMG)
Landec Corp. (LNDC)
McCormick & Company Inc. (MKC)
Merix (MERX)
Red Hat Inc. (RHAT)
Research In Motion Limited (RIMM)
Resources Global Professionals (RECN)
Topps (TOPP)
Budd Foxx
Tuesday, September 27, 2005
GMXR and GMXRW
GMX Resources Inc. is rippin today so keep this stock on that trading radar.
Budd Foxx
Budd Foxx
JDSU
JDS Uniphase Corp. Cramer likes this stock and has mentioned it on his show so keep an eye on it as a possible swing trade.
NTRI
Nutrisystems, Inc. has a good tone to it today so keep it on the radar as a possible swing trade.
DESC
Distributed Energy Systems Corp. is acting well in early trading so keep it on the radar for a possible longer term position trade.
PDC
Pioneer Drilling Co. has a very good tone in early trading so keep it on the radar for a possible swing setup.
Stocks Trading Up In Pre-Market
NFLX, HEPH, RNAI, JDSU, NYER, QLTI, ULBI, PDC, ASEI, NAPS, SIGA, GLGC, CNR, ENER, GOOG, BIIB, NPSP, ITRI, CGTK, AAPL, LTXX, XMSR, SNDK, HLTH, and COLY
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
LIN, ACE, IPCR, ADM, AH, WAG, CVX, RD, BP, and NFLX
Stocks downgraded this morning include:
BG, PGR, TOT, XOM, ONNN, FCS, CY, TSN, NEW, and MFA
Budd Foxx
LIN, ACE, IPCR, ADM, AH, WAG, CVX, RD, BP, and NFLX
Stocks downgraded this morning include:
BG, PGR, TOT, XOM, ONNN, FCS, CY, TSN, NEW, and MFA
Budd Foxx
Morning News
- Futures are down just a bit this morning pointing to a lower open.
- September Consumer Confidence out this morning.
- August New Home Sales also to be released this morning.
- WellPoint (WLP) reportedly is near a cash and stock deal to buy insurer WellChoice (WC) for nearly $6.5 billion.
- US Airways and America West to begin trading today under the symbol (LCC)
- Biogen Idec (BIIB) and Elan Pharmaceuticals (ELN) have filed for approval of their recalled Multiple Sclerosis drug Tysabri.
- Crude Oil is currently $65.21 per barrel.
- Wholesale Gasoline is $2.11 a gallon.
- Gold is also down a bit this morning to $467.00 per ounce.
Earnings
A few of the companies reporting today.
Angio Dynamics (ANGO)
Bioenvision Inc. (BIVN)
ICON plc ADS (ICLR)
IDT Corp. (IDT)
Manugistics Inc. (MANU)
Paychex (PAYX)
Pepsi Bottling Group (PBG)
Stride Rite Corp (SRR)
Synnex Corp. (SNX)
Budd Foxx
Angio Dynamics (ANGO)
Bioenvision Inc. (BIVN)
ICON plc ADS (ICLR)
IDT Corp. (IDT)
Manugistics Inc. (MANU)
Paychex (PAYX)
Pepsi Bottling Group (PBG)
Stride Rite Corp (SRR)
Synnex Corp. (SNX)
Budd Foxx
Monday, September 26, 2005
DESC
Distributed Energy Systems Corp. is acting well so keep it on the radar for a possible swing trade.
FUEL and FUELW
Streicher Moblie Fueling, Inc. is trying to go green so keep it on the radar this afternoon.
CHK
Chesapeake Energy Corp. is acting well today so keep it on the radar this afternoon as crude oil is starting to go up.
VPHM
Viropharma Inc. has a very good tone to it today so keep it on the radar for a possible swing trade.
NTRI
Nutrisystems, Inc. is acting well in early trading so keep it on the radar for a possible swing trade.
HOLX
Hologic Inc. announced a 2 for 1 stock split after the close on Friday. Keep it on the radar today.
Stocks Trading Up In Pre-Market
GOOG, TXRH, PALM, AAPL, NGS, MIDD, BOOM, RDWR, PAYX, MEMY, EBAY, JDSU, PANC, QCOM, SHLD, BIDU, YELL, TLAB, KRY, TOMO, IPIX, AEOS, STEM, and ANTP
Upgrades and Downgrades
Stocks upgraded this morning include:
BBBY, ETM, NDE, VLCM, ENH, APH, MIK, K, DRI, LIN, PAYX, and GMK
Stocks downgraded this morning include:
KAR, LFL, PDG, TNS, SCH, and MANU
Budd Foxx
BBBY, ETM, NDE, VLCM, ENH, APH, MIK, K, DRI, LIN, PAYX, and GMK
Stocks downgraded this morning include:
KAR, LFL, PDG, TNS, SCH, and MANU
Budd Foxx
Morning News
- Futures are up pointing to a much higher open today.
- August Existing Home Sales due out this morning.
- Hurricane Rita seems to have caused less damage to the oil refineries than expected. Some flooding has taken place , but the biggest problem seems to be power. Offshore reports are telling a slightly different story with some damage occuring on a few of the platforms. It is still to early for the damage reports on the underground pipelines.
- Lundberg Survey shows over the past two weeks the national average price of unleaded gasoline dropped 20 cents to $2.80 per gallon.
- Boeing (BA) has reached a tentative agreement with it's machinists. If the union votes in favor of the contact this would end a 3 week strike which has shut down airplane production.
- Microsoft (MSFT) to unveil online advertising system today.
- Crude Oil currently $63.93 per barrel.
- Wholesale Gasoline is currently $2.00 per gallon.
- Gold is down a bit currently $464.40 per ounce.
Sunday, September 25, 2005
Saturday, September 24, 2005
The Art Of Selling A Losing Position
Your stock is losing value. You want to sell, but you can't bear to think of selling now before further losses or later when losses may or may not be larger. All you know is that you want to offload your holdings and preserve your capital and to reinvest the money in a more profitable security. In a perfect world, you'd always achieve this aim and sell at the right time. Unfortunately, it isn't that easy in real life. Let's take a look at why selling is important and then talk about a selling strategy that works for any type of investor.
Friday, September 23, 2005
BOOM
Dynamic Industries, Inc. is heating up so keep it on the radar. If the stock is closing strong it could be a momentum play.
FORD
Forward Industries, Inc. just made a new intraday high so keep it on the radar the rest of the way.
CPST
Capstone Turbine Corp. is starting to heat up a little bit so keep it on the trading radar today.
AAPL
Apple Computer, Inc. has a good tone to it in this down market. Stocks that act well in a down market could rally when the market turns green.
NTRI
Nutrisystems, Inc. has a very good tone to it today so keep it on the radar as a possible swing trade. MACD looks bullish.
CBST
Cubist Pharmaceuticals, Inc. is acting well today and could be a possible swing setup as the chart looks very good. MACD is starting to look bullish on a daily chart.
GPN
Global Payments, Inc. has a very good tone to it in early trading so keep it on the radar today.
CAKE
Cheesecake Factory, Inc. has a very good tone to it today so keep it on the radar for a possible swing trade.
Stocks Trading Up In Pre-Market
GOOG, BOOM, EBAY, BIDU, COMS, PBIO, TIBX, LPSN, ISON, TZOO, KFX, NGS, GCBS, DPH, HAL, DRI, CD, GSX, GP, and OMNI
Budd Foxx
Budd Foxx
BOOM declares 2 for 1 stock split
Market Pulse: Dynamic Materials gets lift on news of 2-for-1 stock split.
-- Dynamic Materials' shares jumped more than 10% to $39.10 in pre-market action on Instinet early Friday after the Boulder, Colo., metalworking company's board declared a two-for-one split of its common stock. The split will be paid on Oct. 12 to shareholders of record on Oct. 5.
-- Dynamic Materials' shares jumped more than 10% to $39.10 in pre-market action on Instinet early Friday after the Boulder, Colo., metalworking company's board declared a two-for-one split of its common stock. The split will be paid on Oct. 12 to shareholders of record on Oct. 5.
Upgrades and Downgrades
Stocks upgraded this morning include:
RA, SALM, BBGI, BYD, TRI, NFB, SANM, SLR, PLXS, BHE, and ACV
Stocks downgraded this morning include:
AA, MGM, CTL, ACI, CNX, BTU, TV, CPA, and ORCL
Budd Foxx
RA, SALM, BBGI, BYD, TRI, NFB, SANM, SLR, PLXS, BHE, and ACV
Stocks downgraded this morning include:
AA, MGM, CTL, ACI, CNX, BTU, TV, CPA, and ORCL
Budd Foxx
Morning News
- Futures are up a bit this morning could see a slightly higher open.
- Hurricane Rita now a category 4 hurricane bearing down on the Texas Gulf Coast could make landfall as early as tonight or very early Saturday morning. The storm still packing winds up near 140 mph with gust much higher than that.
- BP PLC (BP) to pay $21.3 million fine for 300 violations found after a March explosion at it's Texas City refinery. The explosion caused 15 deaths, and more than 170 people were injured.
- Alcoa Inc. (AA) The world's largest aluminium producer warning profits will fall well below expectations. The company blames falling prices, and higher energy cost.
- Crude Oil is down this morning currently $65.75 per barrel.
- Wholesale gasoline currently $2.06 per gallon.
- Gold has pulled back a bit now $466.80 per ounce.
Thursday, September 22, 2005
SHLD
Sears Holding Corp. has taken off and is really starting to rip so keep it on the radar this afternoon.
OMNI
Omni Energy Services Corp has a very good tone to it today so keep it on the radar this afternoon.
CTIB
CTI Industries Corp. went down this morning and filled the gap at 4.38. The stock made a low of 4.30. Keep CTIB on the radar for the rest of the week.
FUEL and FUELW
Streicher Mobile Fueling, Inc. the stock and the warrants are ripping this morning in pre-market so keep them on the radar today.
Stocks Trading Up In Pre-Market
DESC, FUEL, CHK, NGAS, MPET, CNXS, CMED, BDCO, DXPE, ABIX, CMTL, EASI, DECT, SMSC, PQUE, GLNG, BBBY, RNAI, IPII, CDIS, ABLE, PRSP, NGS, GEOI, WPTE, and GMXR
GMXR and GMXRW
GMX Resources price target upped this morning by First Albany to $33.00 per share up from $20.00 a share. Keep this stock and the warrants on the trading radar.
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
PDG, ASCA, AZO, NOR, and IR
Stocks downgraded this morning include:
CAL, FHN, ESRX, DBD, COGN, WMAR, DGAS, ISTA, and RT
Budd Foxx
PDG, ASCA, AZO, NOR, and IR
Stocks downgraded this morning include:
CAL, FHN, ESRX, DBD, COGN, WMAR, DGAS, ISTA, and RT
Budd Foxx
Morning News
- Futures are weak this morning pointing to another lower open.
- Weekly Jobless Claims out at 8:30 am.
- August Leading Indicators also out this morning at 10:00 am.
- Hurricane Rita just a monster category 5 hurricane with winds of 175 miles per hour forcing millions of Texans to leave there homes. All hopes are that FEMA and the Federal Government are a bit more prepared for this storm. Forcaster are calling for some areas to get upto or more than 20 inches of rain , and a possible storm surge of 20 to 30 feet. The storm is expected to make landfall early Saturday morning.
- Sony (SNE) to cut up to 10,000 jobs by 2008. The job cuts are part of a 3 year restructuring plan.
- General Electric (GE) to sell 101 million shares of Genworth Financial at $29.50 per share.
- Crude Oil is up again this morning currently $68.00 per barrel.
- Wholesale Gasoline is also up to $2.15 per gallon.
- Gold continues to rip upward currently $476.60 per ounce.
EARNINGS
A few companies that will be reporting today.
3 Com Corp. (COMS)
A.G. Edwards (AGE)
ComTech Telecommunications (CMTL)
Darden Restaurants (DRI)
Finish Line (FINL)
General Mills Inc. (GIS)
Global Payments Inc.(GPN)
Golf Galaxy Inc. (GGXY)
KB Home (KBH)
Oracle (ORCL)
PalmOne Inc. (PALM)
Texas Industries (TXI)
Verity (VRTY)
Budd Foxx
3 Com Corp. (COMS)
A.G. Edwards (AGE)
ComTech Telecommunications (CMTL)
Darden Restaurants (DRI)
Finish Line (FINL)
General Mills Inc. (GIS)
Global Payments Inc.(GPN)
Golf Galaxy Inc. (GGXY)
KB Home (KBH)
Oracle (ORCL)
PalmOne Inc. (PALM)
Texas Industries (TXI)
Verity (VRTY)
Budd Foxx
Wednesday, September 21, 2005
CTIB
CTI Industries Corp. has a gap to fill down to 4.38. Keep an eye on this one as it is trying to fill the gap. This pullback is also on lower volume which is generally a good sign.
BDCO, FUEL and MPET
BDCO, FUEL and MPET are acting very well due to crude oil trading up because of Hurricane Rita so keep these stocks on the radar today.
GMXR and GMXRW
GMX Resources, Inc. with crude oil trading up keep the stock and the warrants on the radar.
IPII
Imperial Industries, Inc. is acting very well in early trading due to Hurricane Rita so keep it on the trading radar.
NASI
North American Scientific, Inc. is ripping in pre-market so keep it on the trading radar today.
Stocks Trading Up In Pre-Market
IDCC, FFIV, NASI, BDCO, GOOG, PQUE, XXIA, SWIR, FORD, TOMO, FUEL, OSIP, CAV, BMET, NTES, GW, SINA, MPET, BLDP, SYNC, NGAS, ABLE, HAWK, HOKU, RFMI, HOM, ELN, FDX, VLO, TOL, ECA, CHK, and SMTS
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
AMLN, NUE, KBH, ALB, GD, XXIA, SWIR, and LUV
Stocks downgraded this morning include:
AVP, ALKS, TUES, SMRT, SFCC, DEX, NFB, VRSN, CAL, SPF, DB, STZ, CTX, and GS
Budd Foxx
AMLN, NUE, KBH, ALB, GD, XXIA, SWIR, and LUV
Stocks downgraded this morning include:
AVP, ALKS, TUES, SMRT, SFCC, DEX, NFB, VRSN, CAL, SPF, DB, STZ, CTX, and GS
Budd Foxx
Morning News
- Futures are down just a bit this morning could see a slightly lower open.
- Hurricane Rita packing powerful winds above 120 mph. The storm is expected to gain strength and become at least a category 4 hurricane. Evacuations are taking place along the Texas Gulf Coast.
- Verizon (VZ) gearing up for it's venture into the cable television business. The company plans to offer a cheaper cable service. The company has franchise agreements in Virginia, Texas, California, and Florida.
- Allstate Corp. Chief Operating Officer Tom Wilson has stated the company has no plans to pay flooding claims caused by hurricane Katrina. Last week the Attorney General of Mississippi filed a lawsuit against the company.
- Biogen Idec (BIIB) and Elan Pharmaceuticals (ELN) stated late on tuesday that they will soon seek approval to have Tysabri put back on the market.
- Crude Oil is on it's way back up this morning currently $67.42 per barrel.
- Wholesale Gasoline has also moved up to $2.04 per gallon.
- Gold is currently $470.00 per ounce.
Earnings
A few companies reporting earnings today.
AAR Corp. (AIR)
AutoZone Inc. (AZO)
Bed Bath & Beyond Inc. (BBY)
Biomet Inc. (BMET)
CarMax Inc. (KMX)
Cintas Corp. (CTAS)
Cognos (COGN)
ConAgra Foods Inc. (CAG)
Dynamex (DDMX)
FedEx (FDX)
Herman Miller (MLHR)
Intervoice (INTV)
Morgan Stanley (MWD)
Park Electrochemical (PKE)
Somanetics Corp. (SMTS)
Worthington Industries (WOR)
Budd Foxx
AAR Corp. (AIR)
AutoZone Inc. (AZO)
Bed Bath & Beyond Inc. (BBY)
Biomet Inc. (BMET)
CarMax Inc. (KMX)
Cintas Corp. (CTAS)
Cognos (COGN)
ConAgra Foods Inc. (CAG)
Dynamex (DDMX)
FedEx (FDX)
Herman Miller (MLHR)
Intervoice (INTV)
Morgan Stanley (MWD)
Park Electrochemical (PKE)
Somanetics Corp. (SMTS)
Worthington Industries (WOR)
Budd Foxx
Tuesday, September 20, 2005
ADSK
Autodesk, Inc. has a very good tone to it today as it just made a new intraday high so keep it on the radar.
Fed raises rates to 3.75%
WASHINGTON (MarketWatch) - The Federal Reserve raised interest rates again Tuesday, saying Hurricane Katrina could fuel inflationary pressures but does not pose a persistent threat to the U.S. economy. The 9-1 vote to increase the federal funds target rate by a quarter percentage point to 3.75% leaves the key interest rate at its highest level since June 2001.
DESC
Distributed Energy Systems Corp. has a decent tone to it today so put it on the radar as a possible swing setup.
PNRA
Panera Bread Co. is acting very well today and could be a reveral setup as the stock may have hit a bottom.
BIDU and GOOG
BIDU and GOOG have a good tone to them in early trading so keep them on the radar today.
AAPL
Apple Computer, Inc. is trading up in pre-market this morning so keep it on the radar. The overall market was weak yesterday and aapl was strong.
Stocks Trading Up In Pre-Market
STEM, GOOG, VOXX, CNXT, AAPL, JDSU, CECO, BIDU, FTEK, ASTM, PRGS, QCOM, PTEN, HOM, PESI, GFIG, FCEL, JCDA, VIAC, WTSLA, SONS, CTIC, PNRA, and VC
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
RDK, FNFG, QCOM, SGY, CHUX, D, and NFG
Stocks downgraded this morning include:
SKE, CCE, PBG, COT, PAS, EGBN, TPX, JNPR, BOX, EL, and NUE
Budd Foxx
RDK, FNFG, QCOM, SGY, CHUX, D, and NFG
Stocks downgraded this morning include:
SKE, CCE, PBG, COT, PAS, EGBN, TPX, JNPR, BOX, EL, and NUE
Budd Foxx
Morning News
- Futures are up this morning pointing to a higher open.
- August Housing Starts today at 8:30 am.
- All eyes on the Federal Reserve today with expectations of a 25 basis point hike to 3.75%
- Average price of unleaded gasoline dropped 17 cents to $2.79 per gallon over the past week.
- Tropical Storm Rita moving in on the Florida Keys is projected to enter the Gulf of Mexico as a hurricane. The projected path brings the storm anywhere from Texas to Louisianna as a major hurricane.
- Reports are out that Wilbur Ross may buy some troubled Auto-Parts makers which would include Visteon Corp. (VC) assets.
- Crude Oil has pulled back a bit off yesterday's highs to $66.45 per barrel.
- Wholesale Gasoline also pulled back a bit to $1.96 per gallon.
- Gold continues to climb near 18 year highs. Currently $472.20 per ounce.
Earnings
A few of the companies reporting today.
Christopher & Banks (CBK)
Circuit City Stores Inc. (CC)
CKE Restaurants (CKR)
FactSet Research Systems (FDS)
Goldman Sachs (GS)
H.B. Fuller Company (FUL)
Possis Medical (POSS)
Progress Software Corp. (PRGS)
Budd Foxx
Christopher & Banks (CBK)
Circuit City Stores Inc. (CC)
CKE Restaurants (CKR)
FactSet Research Systems (FDS)
Goldman Sachs (GS)
H.B. Fuller Company (FUL)
Possis Medical (POSS)
Progress Software Corp. (PRGS)
Budd Foxx
Monday, September 19, 2005
GMXR and GMXRW
GMX Resources, Inc. has is acting very well today. The stock and warrants are following the price of crude oil.
Tropical Storm Rita
The storm is expected to become a hurricane in the next 24 hours or so and is located just south east of the Florida Keys. It is expected to enter the Gulf of Mexico in the next couple of days and has forced both SHELL and CHEVRON to begin removing employees out of the area. As a result we are seeing a spike in oil and gas today.
Budd Foxx
- Crude Oil up $3.75 to $66.75 per barrel.
- Wholesale Gasoline has also spiked to nearly $2.00 per gallon.
Budd Foxx
AAPL
Apple Computer, Inc. a stock we mentioned on Friday continues to act very well so keep it on the radar.
The Doji Trader Blog
The Doji Trader is a relatively newer blog that I recommend reading on a daily basis as they do a very good job.
The Doji Trader Blog
The Doji Trader Blog
Gold and Silver Stocks
Gold is up over 4 bucks and now $468.00 per ounce. Keep those gold and silver stocks on the radar. (GOLD, RGLD etc.)
Gold and Silver Stocks
Gold and Silver Stocks
Stocks Trading Up In Pre-Market
SPOR, ENER, CRIS, ESLR, COCO, VEXP, HOKU, TBCC, ABLE, GNTA, GFIG, NKE, CAV, RUTH, SKE, STEM, HOM, RSAS, JOYG, and FLT
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
GNA, MANH, GRP, WMS, FORM, KRON, AHC, ACGL, ETR, RNOW, and PSTI
Stocks downgraded this morning include:
IGI, APH, ILSE, ABC, MUR, AXS, DCN, and EBAY
Budd Foxx
GNA, MANH, GRP, WMS, FORM, KRON, AHC, ACGL, ETR, RNOW, and PSTI
Stocks downgraded this morning include:
IGI, APH, ILSE, ABC, MUR, AXS, DCN, and EBAY
Budd Foxx
Morning News
- Futures are down this morning pointing to a lower open.
- September NHAB Survey out today at 1pm.
- Traders looking ahead to Tuesday's rate decision by the Federal Reserve. Economist seem split on weather we will, or won't see a lift in the rates.
- OPEC holding two days of meetings starting today.
- Crude Oil on the rise again with the fear that tropical storm Rita will enter the Gulf of Mexico as a hurricane early this week.
- Crude Oil currently up over a dollar to $64.13 per barrel.
- Wholesale Gasoline currently $1.84 a gallon.
- Gold continues to rise currently $467.10 per ounce.
Earnings
A few companies to watch today who will be reporting earnings.
Apollo Group (APOL)
Carnival Corp. & Carnival plc. (CCL)
Chattem Inc. (CHTT)
NIKE (NKE)
Omnova Solutions (OMN)
Steelcase Inc. (SCS)
The Marcus Corp. (MCS)
Budd Foxx
Apollo Group (APOL)
Carnival Corp. & Carnival plc. (CCL)
Chattem Inc. (CHTT)
NIKE (NKE)
Omnova Solutions (OMN)
Steelcase Inc. (SCS)
The Marcus Corp. (MCS)
Budd Foxx
Sunday, September 18, 2005
Saturday, September 17, 2005
VOODOO TRADING
Voodoo trading could add a lot to your bottom line. W.D. Gann, R.N. Elliott and other cultists spent years studying the market's mystical side, trying to figure out how obscure ideas could tap hidden profits. Magic numbers, astrological dates and prayer wheels have all been enlisted in the search for that elusive trading edge.
Most traders believe Fibonacci fits in the category of market witchcraft, but this arcane science has a basis in fact. A 12th century monk known as Fibonacci discovered a logical sequence that appears throughout nature. Beginning with 1 + 1, the sum of the last two numbers that precede it creates another Fibonacci number. For example: 1+1=2, 1+2=3, 2+3=5, 3+5=8, 5+8=13, 8+13=21, 13+21=34, 21+34=55, etc.
Most traders believe Fibonacci fits in the category of market witchcraft, but this arcane science has a basis in fact. A 12th century monk known as Fibonacci discovered a logical sequence that appears throughout nature. Beginning with 1 + 1, the sum of the last two numbers that precede it creates another Fibonacci number. For example: 1+1=2, 1+2=3, 2+3=5, 3+5=8, 5+8=13, 8+13=21, 13+21=34, 21+34=55, etc.
Friday, September 16, 2005
GRMN
Garmin Ltd. is seems to be getting stronger toward the close here so keep it on the radar as a potential momentum play.
CCJ
Cameco Corp. has a very good tone to it today and if the stock is closing strong it could be a momentum play.
SNDA
Shanda Interactive Entertainment Ltd. is acting well today and could be a potential reversal candidate. Keep it on your watchlist.
LOJN
Lojack Corp. is acting very well this afternoon and could be a momentum play if the stock is closing strong today.
CAV
Cavilier Homes, Inc. just made a new 52 week high and I am hearing they agreed to rebuild 2,000 homes destroyed by Hurricane Katrina.
HOLX
Hologic Inc. has a good looking chart and is acting very well today. MACD looks bullish so put it on the radar as a possible swing setup.
PRTL
Primus Telecommunications Group, Inc. has a good tone in early trading so keep it on the radar.
ELOS
Synerion Medical Ltd. has a good tone in early trading so keep it on the radar for a possible swing trade.
Stocks Trading Up In Pre-Market
BCON, JDSU, AVNC, GOOG, BIDU, ELOS, SHLD, PRTL, TZOO, PENN, SNDK, CTHR, LONG, MOVI, CEPH, LSTR, GLW, AU, BP, NVTL, TWX, XOM, IVE, AAUK, FLE, HOM, and HOKU
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
SHPGY, LSTR, XOM, PENN, ATRC, LPX, DT, EFSC, TCBK, AME, OMC, LYO, SIVB, INTC, and JDSU
Stocks downgraded this morning include:
HCA, MUR, AHC, AUO, DWRI, CTL, CLC, DCN, NWAC, FUL, and CEY
Budd Foxx
SHPGY, LSTR, XOM, PENN, ATRC, LPX, DT, EFSC, TCBK, AME, OMC, LYO, SIVB, INTC, and JDSU
Stocks downgraded this morning include:
HCA, MUR, AHC, AUO, DWRI, CTL, CLC, DCN, NWAC, FUL, and CEY
Budd Foxx
Morning News
- Futures are up pointing to a higher open this morning.
- University of Michigan to release Preliminary September reading of Consumer Sentiment at 9:45 am.
- President Bush addressed the nation last night from New Orleans, calling for the biggest and best reconstruction effort the world has ever seen.
- Northwest Airlines (NWAC) 2 days into Bankruptcy plans to let go up to 400 pilots.
- Mississippi to sue 5 large insurers over flood damage caused by hurricane Katrina.
- Hurricane Ophelia now a tropical storm battered the Carolina Coast. Power outages, beach erosion, and some flooding being reported.
- Crude Oil is down just a bit to $64.08 per barrel.
- Wholesale Gasoline is also a bit lower currently $1.86
- Gold is trading at 17 year highs $462.20 per ounce.
Thursday, September 15, 2005
FUEL and MPET
FUEL and MPET have a decent tone to them today so keep them on the radar this afternoon.
BDCO
Blue Dolphin Energy Company seems to be heating up a bit here so keep it on that radar.
Budd Foxx
Budd Foxx
ABP
Abraxas Petroleum Corp. a stock we mentioned yesterday has a very good tone to it today so put it on the radar.
Gold and Silver Stocks
Gold Futures are up this morning so keep your eye on the Gold and Silver Stocks today.
Stocks Trading Up In Pre-Market
BSM, IVAN, AMGN, ABLE, GEOI, NEXM, JCTCF, AVNC, FOXH, CYBX, HOKU, ASEI, DNDN, IMCL, VPHM, DESC, TWX, CELG, GFI, CAMD, UCI, LTON, AAPL, and TS
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
AMGN, T, SBC, PRE, IP, BOW, and GP
Stocks downgraded this morning include:
DTV, DISH, FITB, MFE, CTL, NSM, NWAC, ENR, and WFC
Budd Foxx
AMGN, T, SBC, PRE, IP, BOW, and GP
Stocks downgraded this morning include:
DTV, DISH, FITB, MFE, CTL, NSM, NWAC, ENR, and WFC
Budd Foxx
Morning News
- Futures are up a bit could see a slightly higher open today.
- Labor Department to release Weekly Jobless Claims at 8:30 am.
- August Consumer Price Index due out at 8:30 am.
- July Business Inventory Report also out at 8:30 am.
- September Philidelphia Fed Survey at noon today.
- Both Delta Airlines and Northwest Airlines filed for Bankruptcy Protection late on Wednesday.
- Microsoft Corp. (MSFT) to release it's new XBOX 360 game console on November 22 here in the U.S.
- Google Inc. (GOOG) has priced 14.16 million shares for $295.00 per share for the companies stock offering.
- Hurricane Ophelia is pounding the North Carolina coast with heavy rain, wind, and surf. Some areas have recieved more than 10 inches of rain. The storm is expected to skirt the coast before moving out into the open Atlantic.
- Crude Oil Currently $65.35 per gallon.
- Wholesale Gasoline is at $1.94
- Gold continues to stay in that $450.00 range currently it is $453.30 per ounce.
Earnings
A few of the companies reporting today.
Adobe Systems (ADBE)
ASAT Holdings Limited (ASTT)
Bear Stearns (BSC)
Carrier Access (CACSE)
DocuCorp International (DOCC)
Flow International (FLOW)
Nobility Homes (NOBH)
Pier 1 Imports Inc. (PIR)
SSA Global Technologies (SSAG)
Tektronix Inc. (TEK)
Budd Foxx
Adobe Systems (ADBE)
ASAT Holdings Limited (ASTT)
Bear Stearns (BSC)
Carrier Access (CACSE)
DocuCorp International (DOCC)
Flow International (FLOW)
Nobility Homes (NOBH)
Pier 1 Imports Inc. (PIR)
SSA Global Technologies (SSAG)
Tektronix Inc. (TEK)
Budd Foxx
Wednesday, September 14, 2005
CKCM
Click Commerce Inc. could be coming off a bottom here so keep it on the radar for a possible swing setup.
ABP
Abraxxas Petroleum Corp. just made a new 52 week high so take a look at this one. This stock has a very good looking chart. MACD is bullish.
ABP CHART
ABP CHART
IPII
Imperial Industries, Inc. with the threat of yet another hurricane keep this stock on the trading radar. It might be hitting a bottom soon.
Stocks Trading Up In Pre-Market
DNA, WPCS, WTRS, OSIP, BMET, HOM, VRSO, TRMD, ONXX, VISG, BBY, FUEL, ANTP, NTWK, SNDK, ENCY, OPSW, CTIB, and DISK
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
ATRS, PNC, KR, NOK, GKIS, ABC, and TXN
Stocks downgraded this morning include:
TSN, AW, PLL, FDEF, and MET
Budd Foxx
ATRS, PNC, KR, NOK, GKIS, ABC, and TXN
Stocks downgraded this morning include:
TSN, AW, PLL, FDEF, and MET
Budd Foxx
Morning News
- Futures are flat this morning could see a slightly higher open.
- Energy Department to release Oil Inventories today at 10:30 am.
- Commerce Department to release August Retail Sales Report today.
- Federal Reserve to release August Industrial Production Report as well today.
- General Electric (GE) is preparing to restructure or sell some of the companies industrial businesses.
- Duke Energy (DUK) to sell some of it's electrical power plants in the northeast and west.
- Delta and Northwest both companies prepared to file for bankruptcy as early as today.
- Hurricane Ophelia now packing winds of 75 mph. The storm is slowly making it's way toward the Carolina coast. The slow moving storm is expected to dump as much as 15 inches of rain on some areas.
- Crude oil is up slightly to $63.60 per barrel.
- Wholesale gasoline is also up a bit to $1.91
- Gold is currently $451.80 per ounce.
Tuesday, September 13, 2005
CAT
Capepillar Inc. just made a new 52 week high so keep it on the radar for a possible swing trade.
New Trading Blog
Kevin and Matt do a nice job with their trading blog so I recommend reading it.
http://stockmarketplayer.blogspot.com
http://stockmarketplayer.blogspot.com
The Speculator Blog
Peter Kiefer runs the speculator trading blog. He specializes in swing and daytrades. I recommend reading this new blog as this trader has a wealth of experience.
The Speculator Stock Blog
The Speculator Stock Blog
Stocks Trading Up In Pre-Market
PWAV, TASR, BIDU, NUHC, ASYT, CPST, BCON, JMDT, SOHU, FDG, ACCL, SYNC, BDCO, MPET, MTLM, TXN, SNDK, ANCC, NOK and NVAX
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
VLO, LAUR, SNDK, MCHP, FCS, AMAT, FST, AT, SCH, SLGN, GP, CRM, SU, NNI, MNST, OCR, and EP
Stocks downgraded this morning include:
KLIC, BRKS, EBAY, ABX, DAL, BMS, DJ, HUN, SEE, COOL, IMO, FTO, and MCY
Budd Foxx
VLO, LAUR, SNDK, MCHP, FCS, AMAT, FST, AT, SCH, SLGN, GP, CRM, SU, NNI, MNST, OCR, and EP
Stocks downgraded this morning include:
KLIC, BRKS, EBAY, ABX, DAL, BMS, DJ, HUN, SEE, COOL, IMO, FTO, and MCY
Budd Foxx
Morning News
- Futures are down this morning pointing to a lower open.
- Commerce Department to release Foreign Trade Deficit report this morning.
- Labor Department to release August Producer Price Index at 8:30 this morning.
- Nokia (NOK) has raised 3rd quarter earnings and sales guidance.
- Ford Motor Company has agreed to sell it's Hertz Rental Car for $15 billion.
- Delta Airlines (DAL) is asking it's pilots to accept another round of concessions.
- Tropical Storm Ophelia is bearing down on the Carolina's. The storm is expected to make landfall as a category 1 hurricane.
- Crude Oil is currently $63.70 per barrel.
- Wholesale price of gasoline is $1.88
- Gold is $452.20 per ounce down a bit from yesterday's highs.
Monday, September 12, 2005
Large Portion of Los Angeles Loses Power
LOS ANGELES
A large portion of Los Angeles was hit with a blackout Monday afternoon. The city was investigating the cause and extent of the outage. But Sgt. Catherine Plows, a police spokeswoman, said terrorism was not suspected.
Electrical power was knocked out shortly before 1 p.m. after two power surges, and traffic was snarled at intersections throughout the city when stop lights went dark. The lights also went out at downtown high- rises.
The Police Department went on "full tactical alert," meaning no officers were allowed to leave duty.
The blackout came a day after ABC aired a videotape of a purported al- Qaida member making terrorist threats against Los Angeles and Melbourne, Australia, on the fourth anniversary of the Sept. 11 attacks.
Heavy usage on hot days can lead to blackouts. But the weather in Los Angeles was not unsually hot Monday.
A large portion of Los Angeles was hit with a blackout Monday afternoon. The city was investigating the cause and extent of the outage. But Sgt. Catherine Plows, a police spokeswoman, said terrorism was not suspected.
Electrical power was knocked out shortly before 1 p.m. after two power surges, and traffic was snarled at intersections throughout the city when stop lights went dark. The lights also went out at downtown high- rises.
The Police Department went on "full tactical alert," meaning no officers were allowed to leave duty.
The blackout came a day after ABC aired a videotape of a purported al- Qaida member making terrorist threats against Los Angeles and Melbourne, Australia, on the fourth anniversary of the Sept. 11 attacks.
Heavy usage on hot days can lead to blackouts. But the weather in Los Angeles was not unsually hot Monday.
FDG
Fording Canadian Coal Trust just made a new intraday high so keep it on the radar. The stock is suppose to split 3 for 1 after the close.
TIE
Titanium Metals Corp. has a very good tone to it today so keep an eye on it for a possible swing trade.
GLW
Corning Inc. is acting well and has a good looking chart so keep it on the radar for a possible swing trade.
UNCA
Unica Corp. a relatively new issue has a good tone to it today so keep it on your watchlist this week.
ENER
Energy Converstion Devices, Inc. is acting well in early trading. ENER will report earnings after the bell today so keep an eye on it in after-hours today.
Stocks Trading Up In Pre-Market
FDG, SEBL, RVSN, DOVP, BIDU, DELL, CPST, GILD, ACLS, MNDO, NTES, WPCS, ISIS, GOOG, RIMM, CHTR, BCON, AVNX, EENC, SINA, INTX, GTK and EGLE
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
GILD, ORLY, OO, IPCC, TMO, BHI, KSS, CFC, C, DJ, NFG, and WPPGY
Stocks downgraded this morning include:
MCO, CVD, IACI, CSCO, CRL, HAL, SLB, SAMC, and MNST
Budd Foxx
GILD, ORLY, OO, IPCC, TMO, BHI, KSS, CFC, C, DJ, NFG, and WPPGY
Stocks downgraded this morning include:
MCO, CVD, IACI, CSCO, CRL, HAL, SLB, SAMC, and MNST
Budd Foxx
Morning News
- Futures are down a bit pointing to a slightly lower open.
- The Lundberg Survey which polls 7,000 gas stations accross the country has come up with $3.01 as the national average price paid for unleaded gasoline.
- President Bush to be back in the areas hardest hit by hurricane Katrina today.
- Delta Air Lines (DAL) expected to file for Bankruptcy Protection as early as this week.
- Ebay Inc. (EBAY) to offer $1.3 billion in cash, $1.3 billion in stock, and up to $1.5 billion in incentives for Skype Technologies.
- Crude Oil is currently down just a bit to $63.84 per barrel.
- Wholesale Gasoline is also down just a bit to $1.94
- Gold down slightly to $252.00 per ounce.
Sunday, September 11, 2005
Saturday, September 10, 2005
Letting Go Of Resentment
Each trading day brings with it an array of emotions, both positive and negative. Here's how you can get a grip on your negative emotions.
If there is one thing that all traders share, it is the need to handle negative emotions so they do not sabotage our lives. In an average workday, a trader often has to deal with the roller-coaster ride of emotions as a trade goes wild. Greed, fear, shame, regret, anger, and anticipation ... all these emotions come on without warning.
Great traders experience those emotions right along with struggling traders. The difference is in how they are managed.
If there is one thing that all traders share, it is the need to handle negative emotions so they do not sabotage our lives. In an average workday, a trader often has to deal with the roller-coaster ride of emotions as a trade goes wild. Greed, fear, shame, regret, anger, and anticipation ... all these emotions come on without warning.
Great traders experience those emotions right along with struggling traders. The difference is in how they are managed.
PULLING THE TRIGGER Q&A
Do you have trouble pulling the trigger? If so, you're not alone. Greed and fear exert a powerful influence when the time comes to enter the trade. This is especially true for newbies who have great difficulty visualizing the rewards or risks they're about to incur.
Effective trade entry requires skill, confidence and a strong stomach. Most of the time it should be an uncomfortable experience; no one likes to lose money. But the ability to follow a disciplined entry plan, even when it hurts, separates profitable traders from the hordes of losers who take up the game.
Effective trade entry requires skill, confidence and a strong stomach. Most of the time it should be an uncomfortable experience; no one likes to lose money. But the ability to follow a disciplined entry plan, even when it hurts, separates profitable traders from the hordes of losers who take up the game.
Friday, September 09, 2005
XOM, SU, SUN and BP
XOM, SU, SUN and BP could all be momentum plays as they are closing strong today.
NEWS
CNBC is reporting FEMA director Mike Brown is being relieved of running operations for hurricane Katrina relief efforts. A news conference is scheduled for this afternoon.
Budd Foxx
Budd Foxx
SIRI
Sirius Satellite Radio Inc. continues to have a good tone to it so keep it on the trading radar.
Stocks Trading Up In Pre-Market
FORD, NYER, GOOG, SHLD, NKTR, PSRC, TXN, SGR, BVF, NASI, ENER, FUEL, BDCO, OMCL, BLDP, VLO, AVID, IIJI, PESI, EGHT, ICOC, GCOM, NMTI, GEPT, ASHW, and MPET
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
SEI, RHAT, SEPR, ENTG,MTH, PHM, LTC, and OMCL
Stocks downgraded this morning include:
THQI, MATK,NSS, and BIIB
Budd Foxx
SEI, RHAT, SEPR, ENTG,MTH, PHM, LTC, and OMCL
Stocks downgraded this morning include:
THQI, MATK,NSS, and BIIB
Budd Foxx
Morning News
- Futures are up pointing to a higher open this morning.
- August Import Prices today at 8:30 am.
- Continental Airlines (CAL) releasing statements that the company expects big losses for 2005. The rising price of jet fuel seems to be the main reason for this outlook.
- After the bell yesterday Texas Instruments Inc. (TXN) lifted third quarter financial targets.
- Royal Dutch Shell believes it's Mars Platform in the Gulf of Mexico could be shut down for the rest of the year. Company is making ground on getting everything else back on line.
- Boeing (BA) and the Justice Dept. are close to reaching a deal in which Boeing would pay $500 million to settle two Federal Probes.
- Ford Motor Company and Fiat Auto SPA close to a deal in which the two companies will produce two smaller vehicles.
- Crude Oil is up slightly to $65.05 per barrel.
- Wholesale Gasoline is currently $2.04
- Gold currently $450.70 per ounce
Thursday, September 08, 2005
CAFE and CAFEW
Host America says Nasdaq Stock Market plans to delist shares, warrants effective at the open on September 12, 2005. The stock is trading down in after-hours on the news.
BDCO
Blue Dolphin Energy Company is closing very strong and could be a momentum play so watch it in after hours today.
DESC
Distributed Energy Systems Corp just made a new 52 week high and is in blue skies territory. If this stock is pushing toward the close it could be a momentum play. First Albany has upgraded the stock with a $9 price target.
JVA
Coffee Holdings Co. just made a new 52 week high and is now in blue skies territory. Keep it on the trading radar.
Oil Inventories
EIA reports that crude oil inventories fell 6.45 mln barrels (consensus was a fall of 7.7 mln barrels); gasoline inventories fell 4.3 mln barrels (consensus was a fall of 6.25 mln barrels); distillate inventories rose 816K (consensus was a fall of 1.9 mln barrels).
Budd Foxx
Budd Foxx
XWG
Wireless Xcessories Group, Inc. has a very good tone to it in early trading so keep it on the radar today. MACD looks bullish and the stock is up today on good volume.
SIRI
Sirius Satellite Radio, Inc. has a good tone to it in early trading so keep it on the radar this week.
FUEL
Streicher Mobile Fuel Inc. is ripping in pre-market so keep it on the trading radar today. Oil Inventories will be released today at 10:30am.
Stocks Trading Up In Pre-Market
AAPL, CAMD, GRMN, FXEN, RHAT, HITK, GNVC, DESC, NWAC, BSM, TIBX, CTE, ENER, TFSM, ULCM, ISSX, NTSC, FORD, BDCO, FUEL, FCEL, and JCTCF
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
RTRSY, GP, TIBX, AXL, HARB, WTNY, and SLM
Stocks downgraded this morning include:
LAKE, WWE, BSX, CHRW, and FFFL
Budd Foxx
RTRSY, GP, TIBX, AXL, HARB, WTNY, and SLM
Stocks downgraded this morning include:
LAKE, WWE, BSX, CHRW, and FFFL
Budd Foxx
Morning News
- Futures are down pointing to a lower open this morning.
- Weekly Jobless Claims this morning at 8:30.
- July Consumer Credit report today at 3 PM.
- July Wholesale Trade also out this morning at 10 am.
- Weekly oil inventories to be released today due to the long weekend at 10:30 am.
- Reports are out that Ebay Inc. is in talks to buy internet phone service Skype Technologies.
- News Corp. (NWS) to acquire IGN Entertainment Inc. for $650 million.
- Crude oil is up a bit this morning currently $64.94 a barrel.
- Gold is currently $449.20 per ounce.
- Wholesale price of gasoline is currently $2.05
Earnings
A few of the companies reporting today.
Aastrom Biosciences (ASTM)
America's Car - Mart Inc. (CRMT)
Barr Pharmaceuticals Inc. (BRL)
Cascade Corp. (CAE)
CBRL Group (CBRL)
Cutter & Buck (CBUK)
Hi-Tech Pharmacal (HITK)
MDS Inc. (MDZ)
National Semiconductor (NSM)
Quicksilver (ZQK)
Sears Holding Corp. (SHLD)
Budd Foxx
Aastrom Biosciences (ASTM)
America's Car - Mart Inc. (CRMT)
Barr Pharmaceuticals Inc. (BRL)
Cascade Corp. (CAE)
CBRL Group (CBRL)
Cutter & Buck (CBUK)
Hi-Tech Pharmacal (HITK)
MDS Inc. (MDZ)
National Semiconductor (NSM)
Quicksilver (ZQK)
Sears Holding Corp. (SHLD)
Budd Foxx
Wednesday, September 07, 2005
VPHM
Viropharma Inc. is acting well this afternoon so keep it on the radar. If the stock is pushing toward the close it could be a momentum play.
BVF and MDRX
BVF and MDRX are acting very well today so put them on your radar. Daily charts look good on both of these securities.
NEWS
CNBC is reporting President Bush is asking Congress for an additional $51.8 billion in aid for hurricane Katrina victims. Estimates keep rising in what the cost will be in the wake of this disaster. The latest estimates top $200 billion.
Budd Foxx
Budd Foxx
F
Ford Motor Company has announced it is recalling 3.8 million trucks and SUV's between the years of 1994 and 2002 for a faulty cruise control switch, which is believed to cause engine fires in some of the companies vehicles. This looks to be the 5th largest recall in auto history here in the U.S.
Budd Foxx
Budd Foxx
BOOM
Dynamic Materials Corp. is heating up a bit making new highs on the day so keep this stock on the trading radar.
Budd Foxx
Budd Foxx
TZOO
TravelZoo Inc. is making new highs on the day so keep this stock on the trading radar.
Budd Foxx
Budd Foxx
BIDU and GOOG
Baidu.Com Inc, and Google Inc. both these stocks are acting very well today so keep them on that trading radar.
Budd Foxx
Budd Foxx
Stocks Trading Up In Pre-Market
AMT, ADTN, ALNY, EFII, GEPT, SHFL, WPCS, CDIS, OSIP, RGEN, JCTCF, AAPL, DSTI, VTIV, HOM, BCON, WFII, IDNX, and RNAI
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
UBS, YUM, PLB, JPM, CSR, MVSN, SHFL, CKFR, EAT, UNA, MCD, AFR, and HPQ
Stocks downgraded this morning include:
MKC, APPB, CARS, ALTR, TS, and DNA
Budd Foxx
UBS, YUM, PLB, JPM, CSR, MVSN, SHFL, CKFR, EAT, UNA, MCD, AFR, and HPQ
Stocks downgraded this morning include:
MKC, APPB, CARS, ALTR, TS, and DNA
Budd Foxx
Morning News
- Futures are flat this morning could see a slightly lower open today.
- Revised Q2 Productivity report due out this morning.
- Nortel Networks Corp. (NT) announced late yesterday that it was selected along with LG Electronics (LGEAF) as vendors for ultra high speed wireless service in Korea.
- Ford Motor Company (F) not including it's 2006 models in the special employee pricing promotion, but is offering an additional $1,000 off select 2005 models.
- Steel Prices expected to rise at least 20% due to hurricane Katrina.
- Traders will be watching tropical storm Ophelia very closely the next couple of days. Ophelia sitting just off the east coast of Florida is the 15th named storm of the season.
- Crude Oil is currently $65.73 per barrel.
- Gold is $448.00 per ounce.
Earnings
A few of the companies reporting today.
ABM Industries (ABM)
Albertson's (ABS)
Angelica Corp. (AGL)
Bio-Reference Laboratories (BRLI)
Casella Waste Systems Inc. (CWST)
Comverse Technology (CMVT)
DSW Inc. (DSW)
Korn Ferry International (KFY)
Lakeland Industries (LAKE)
Navistar International (NAV)
The Cooper Companies Inc. (COO)
Verint Systems Inc. (VRNT)
Budd Foxx
ABM Industries (ABM)
Albertson's (ABS)
Angelica Corp. (AGL)
Bio-Reference Laboratories (BRLI)
Casella Waste Systems Inc. (CWST)
Comverse Technology (CMVT)
DSW Inc. (DSW)
Korn Ferry International (KFY)
Lakeland Industries (LAKE)
Navistar International (NAV)
The Cooper Companies Inc. (COO)
Verint Systems Inc. (VRNT)
Budd Foxx
Tuesday, September 06, 2005
ILMN
Illumina Inc. has a good tone to it making new highs here towards the close keep this stock on the trading radar for a possible swing trade.
Budd Foxx
Budd Foxx
MVCO
Meadow Valley Corp has a good tone to it today so keep it on the radar for a possible swing trade.
FORD
Forward Industries, Inc. is acting well today so keep it on your watchlist. Ideally we would like to see more volume.
EZPW
Ezcorp, Inc. has a good looking chart and is acting well in early trading. MACD is starting to look bullish. Keep it on the radar for a possible swing setup.
DXPE
DXP Enterprises, Inc. is rippin in pre-market based on an IBD write-up so keep it on the radar today. DXPE is now listed in the IBD top 100.
Stocks Trading Up In Pre-Market
DXPE, NPSP, CSCO, PDLI, ICGE, CLHB, BDCO, NWRE, MPET, GERN, MAXM, CNXS, BCON, AVID, NOVL, GOOG, AAPL, IIPI, IDNX, TEVA, and IIJI
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
WMGI, DB, CSCO, NPSP, FISI, OSI, RARE, BRY, ABS, ARNA, PDLI, KO, BOBJ, MMC, WSH, BRO, NOVL, RNOW, TIBX, QSFT, FFIV, DVA, JOE, EXC, CEG, D, and AHC
Stocks downgraded this morning include:
ROH, VAL, ULTI, DOX, AA, CME, AXL, LEA, DCN, AUO, SMTC, RTEC, NVLS, AMAT, PHTN, PDFS, LLTC, and EXAR
Budd Foxx
WMGI, DB, CSCO, NPSP, FISI, OSI, RARE, BRY, ABS, ARNA, PDLI, KO, BOBJ, MMC, WSH, BRO, NOVL, RNOW, TIBX, QSFT, FFIV, DVA, JOE, EXC, CEG, D, and AHC
Stocks downgraded this morning include:
ROH, VAL, ULTI, DOX, AA, CME, AXL, LEA, DCN, AUO, SMTC, RTEC, NVLS, AMAT, PHTN, PDFS, LLTC, and EXAR
Budd Foxx
Morning News
- Futures are up pointing to a higher open this morning.
- August ISM Nonmanufactoring Report out this morning.
- 50% of damaged refineries along the Gulf Coast should be back up and running this week. Nearly 70% of normal oil and gas production is still shut down, and 50% of the natural gas output is still down.
- Carnival Cruise Lines (CCL) has offered FEMA 3 of it's cruise ships which will hold nearly 7,000 people who have been left homeless by hurricane Katrina.
- Wal-Mart which had shut down 126 stores as result of the hurricane now has all but 20 of it's stores back open for bussiness.
- It has been just over two weeks now for the striking employees of Northwest airlines.
- Labor Day travelers paid more than 30% more for gasoline after hurricane Katrina if gasoline was available at all. On average drivers were forced to pay $3.20 per gallon.
- Crude Oil is down a bit this morning currently $67.37 per barrel.
- Gold is currently $448.20 per ounce.
Earnings
A few of the companies reporting today.
Acambis plc. (ACAM)
ADE Corp. (ADEX)
Casey's General Stores (CASY)
International Display Works Inc. (IDWK)
Jos. A. Bank Clothiers (JOSB)
McData Corp. (MCDTA)
North American Scientific (NASI)
Shuffle Master Inc.(SHFL)
Budd Foxx
Acambis plc. (ACAM)
ADE Corp. (ADEX)
Casey's General Stores (CASY)
International Display Works Inc. (IDWK)
Jos. A. Bank Clothiers (JOSB)
McData Corp. (MCDTA)
North American Scientific (NASI)
Shuffle Master Inc.(SHFL)
Budd Foxx
Monday, September 05, 2005
Sunday, September 04, 2005
Saturday, September 03, 2005
TRADING THE STOCHASTICS INDICATOR
I used to think only price bars could predict the future. I started as a novice, experimenting with every indicator in the book. I could never get the markets to match my mathematics, so I finally gave up and became a pattern reader. In fact, my early writings are so pattern-centric they appear intolerant of all other trading techniques.
I've had a change of heart in recent years because of a tool that's saved my neck on a ton of trades -- the overused and underappreciated stochastics.
What exactly is the stochastics oscillator? It may seem like a simple question, but the answer isn't. The term describes a mathematical process that has an infinite progression of random variables. Let's dumb it down a bit. Stochastics measures how a market closes each price bar relative to its range over time.
This is urgent information for all types of traders. Scalpers use it to read the tempo as money flows through their one-minute charts. Investors use it to identify cycles as weekly stochastics alter the balance of power. But this valuable tool won't give up its secrets easily, and it requires thoughtful interpretation.
I've had a change of heart in recent years because of a tool that's saved my neck on a ton of trades -- the overused and underappreciated stochastics.
What exactly is the stochastics oscillator? It may seem like a simple question, but the answer isn't. The term describes a mathematical process that has an infinite progression of random variables. Let's dumb it down a bit. Stochastics measures how a market closes each price bar relative to its range over time.
This is urgent information for all types of traders. Scalpers use it to read the tempo as money flows through their one-minute charts. Investors use it to identify cycles as weekly stochastics alter the balance of power. But this valuable tool won't give up its secrets easily, and it requires thoughtful interpretation.
Friday, September 02, 2005
NURO
Neurometrix Inc. has a good tone to it in early trading today so keep this stock on the trading radar.
Budd Foxx
Budd Foxx
MPET, BDCO and FUEL
MPET, BDCO and FUEL are all rippin in early trading so keep them on the radar today.
Stocks Trading Up In Pre-Market
PHRM,USEY, BDCO, BMHC, FUEL, NOBH, IPII, MPET, BCON, BLDP, OSTK, NWRE, OMNI, LUFK, CPST, IVAN, UHCP, PETC, TOPT, and GEOI
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
TXT, AIG, and PYX
Stocks downgraded this morning include:
WPI, ACI, NOBH, ASHW, FFH, GTW, SAFC, GNA, IPS, and TMTA
Budd Foxx
TXT, AIG, and PYX
Stocks downgraded this morning include:
WPI, ACI, NOBH, ASHW, FFH, GTW, SAFC, GNA, IPS, and TMTA
Budd Foxx
Morning News
- Futures are up slightly this morning.
- August Employment Report out today at 8:30 am.
- August Challenger Layoffs this morning at 10 am.
- U.S. Senate Approves $10.5 billion in aid for hurricane Katrina victims.
- Boeing's Mechinists walk off jobs today after turning down most recent contract offer by a vote of 86%
- 70's style gas lines being reported around the country. Government officials urging people to conserve over the holiday weekend.
- Crude Oil is currently just above $69.00 per barrel.
- Gold is up again this morning currently $449.70 per ounce.
Thursday, September 01, 2005
CHK
Chesapeake Energy Corp. has a very good tone to it today. The stock made a new 52 week high and is in blue skies territory.
IDSA
Industrial Services of America, Inc. is acting very well today so keep it on your trading radar.
CHB
Champion Enterprises, Inc. has a decent tone to it today so keep it on the radar for a possible swing trade.
CHB CHART
CHB CHART
GEOI
GeoResources Inc. seems to be heating up just a bit this afternoon so keep this stock on the radar.
Budd Foxx
Budd Foxx
News
President Bush and Alan Greenspan meeting today to discuss economic impact from hurricane Katrina.
Budd Foxx
Budd Foxx
MCEL
Millennium Cell Inc. seems to be heating up a bit here so keep this stock on the trading radar.
Budd Foxx
Budd Foxx
***DISCLAIMER***
This website may include stock market analysis. Any ideas or opinions expressed by us is for informational purposes. Trade at your own financial risk as we assume no responsibility for your investing decisions in the markets. That means we expect you to do your own research on a company before you decide to invest or trade that security.
Stocks Trading Up In Pre-Market
SIRI, XMSR, BSM, FCEL, CHIR, CEPH, IPII, GERN, ENER, BCON, BLDP, IDNX, REDF, NYNY, ELOS, NXXI, QTWW, PGNX, NYER, ALTH, SKIL, PATK, LTON, and GLBL
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
X, TXU, SBUX, FTO, SUN, TIF, SLH, OMC, MEDI, PDCO, TXT, XMSR, and SIRI
Stocks downgraded this morning include:
SLH, PFGC, MTSN, KLAC, LRCX, PSSI, SNDK, and SNY
Budd Foxx
X, TXU, SBUX, FTO, SUN, TIF, SLH, OMC, MEDI, PDCO, TXT, XMSR, and SIRI
Stocks downgraded this morning include:
SLH, PFGC, MTSN, KLAC, LRCX, PSSI, SNDK, and SNY
Budd Foxx
Morning News
- Futures are down slightly pointing to a flat open
- Weekly Jobless Claims today.
- August ISM Manufactoring Index today.
- July Personel Income and Outlays also today.
- July Construction Spending report.
- August Chain Store Sales to be released today.
- August Light Vehicle Sales will be out as well today.
- Airlines are faced with an 20% increase in the price of jet fuel in just the past 7 days.
- Boeings Mechanists Union set to vote on latest contract offer made by company today.
- Nationwide Mutual Insurance Company plans to limit property exposure in Florida. It will not be renewing 35,000 homeowner and 4,800 mobile home policies starting in 2006.
- Crude Oil currently $69.20 per barrel.
- Gold is currently $440.50 per ounce.
Earnings
A few of the companies reporting today.
Applied Signal Technology (APSG)
Catalyst Semiconductor (CATS)
Ciena Corp. (CIEN)
Corinthian Colleges (COCO)
CSK Auto (CAO)
Del Monte Foods (DLM)
Esterline Technologies (ESL)
Hain Celestial Group (HAIN)
Kellwood Company (KWD)
Medicis (MRX)
Neoware System Inc. (NWRE)
Sands Regent (SNDS)
SkillSoft Corp (SKIL)
Budd Foxx
Applied Signal Technology (APSG)
Catalyst Semiconductor (CATS)
Ciena Corp. (CIEN)
Corinthian Colleges (COCO)
CSK Auto (CAO)
Del Monte Foods (DLM)
Esterline Technologies (ESL)
Hain Celestial Group (HAIN)
Kellwood Company (KWD)
Medicis (MRX)
Neoware System Inc. (NWRE)
Sands Regent (SNDS)
SkillSoft Corp (SKIL)
Budd Foxx