Friday, March 31, 2006
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks You Need To Know For Today
Merix (MERX) beat earnings, announcing $0.14 EPS versus expected $.02. MERX's Power Rating is 6.
Home Solutions (HOM) missed by a penny, announcing $.09 versus expected $.10 EPS. HOM's Power Rating is 3.
Upgrades and Downgrades
BBI, COGN, ARRO, FPL, SO, WDR, TROW, and APD
Stocks downgraded this morning include:
GPI, OEH, ISBC, ASYT, ITT, CDWC,TRMM, LYO, and DOW
Budd Foxx
Morning News
- Futures are pointing to a lower open this morning.
- February Personal Income and Consumer Spending to be released today.
- Final reading of March Consumer Sentiment due for release as well.
- February Factory Orders also will be released today.
- Three strong earthquakes and aftershocks hit western Iran.
- Citigroup charged by Australian securities regulators with insider trading.
- Delphi Corp. expected to ask a judge to cancel its union contracts for its 34,000 hourly workers.
- Major League Baseball selects former Senate Majority Leader George Mitchell to investigate steroid use in the game.
- Crude Oil is $66.65 per barrel.
- Wholesale Gasoline closing in on $2.00 per gallon. Current price is $1.96
- Natural Gas is $7.34 per unit.
- Gold trading at multi year highs current price is $586.00 per ounce.
Thursday, March 30, 2006
GS
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks You Need To Know For Today
Arrow International (ARRO) beat by a penny and guided higher. ARRO's PowerRating is 5.
Biogen Idec (BIIB) and Elan (ELN) will re-start clinical trials of Tysabri. BIIB's PowerRating is 6.
Sigmatel (SGTL) guided Q1 lower. SGTL's Power Rating is 6.
7 Options You Need to Know for Today
St. Joe (JOE) saw a good deal of put buying. The stock closed at 62.88 and the Apr 65 puts (JOE PM) closed at 2.55 - 2.70. JOE's PowerRating is 4.
American Tower (AMT) had plenty of put buying relative to call buying. The stock closed at 29.92 and the Apr 30 puts (AMT PF) closed at 0.50 - 0.60. AMT's PowerRating is 6.
Duke Energy (DUK) had plenty of put buying relative to call buying. The stock closed at 29.46 and the Apr 30 puts (DUK PF) closed at 0.70 - 0.75. DUK's Power Rating is 6.
Upgrades and Downgrades
ELX, AVT, PD, LEA, HPC, NCX, MYG, and VARI
Stocks downgraded this morning include:
OXY, SEE, ARRO, RECN, and SMMX
Budd Foxx
Morning News
- Futures are pointing to a flat to slightly lower open this morning.
- GDP data to be released today.
- Weekly jobless claims also due to be released today.
- The U.N. Security Coucil giving Iran 30 days to clear up suspicions that it is seeking nuclear weapons.
- Google Inc. to sell more shares in an effort to absorb the demand from index funds following the joining of the S & P500.
- Biogen Inc. and Elan Corp. to resume clinical trials of it's drug Tysabri after finding no new potentially fatal side effects in patients.
- Federal regulators approve Whirlpool Corp's acquisition of Maytag Corp.
- GlaxoSmithKline announcing today it is starting a clinical trial program to test two vaccines to fight against the H5N1 virus.
- Nasdaq Stock Market has pulled it's $4.2 billion bid for the London Stock Exchange.
- Crude Oil is $66.55 per barrel.
- Wholesale Gasoline continues to move higher current price is $1.96 per gallon.
- Natural Gas is $7.52 per unit.
- Gold continues to rip current price is $579.00 per ounce.
Wednesday, March 29, 2006
AMTD
AMTD CHART
GS
FORD
Stocks Trading Up In Pre-Market
Budd Foxx
7 Options You Need to Know for Today
Proctor & Gamble (PG) had plenty of put buying relative to call buying. The stock closed at 57.53 and the Apr 60 puts (PG PL) closed at 2.70 - 2.75. PG's PowerRating is 6.
Allstate (ALL) had plenty of put buying relative to call buying. The stock closed at 52.05 and the Apr 55 puts (ALL PK) closed at 3.00 - 3.10. ALL's Power Rating is 5.
7 Stocks You Need To Know For Today
Paychex (PAYX) missed by a penny and guided revenue growth higher. PAYX's Power Rating is 6.
Ameritrade (AMTD) said it expects to beat its $0.19 guidance. AMTD's PowerRating is 6.
Tibco (TIBX) beat by a penny, ex-items; revenue was higher than expected. TIBX's PowerRating is 7.
Upgrades and Downgrades
SUNW, TLP, FBMI, MEL, and IHS
Stocks downgraded this morning include:
HYGS, RDY, PTP, OSI, CMRG, GSK, OVTI, FDRY, CAT, and IR
Budd Foxx
Morning News
- Futures are up a bit this morning pointing to a higher open.
- Weekly oil inventories to be released at 10:30 this morning.
- Federal Reserve raised interest rates yesterday and gave no sign of ending these hikes anytime soon.
- Ebay headed to Supreme Court today to argue the company should not suffer an injunction for patent infringement. In lower courts Ebay was found to have infringed on two patents owned by MercExchange.
- European Union warns Microsoft Corp. not to add search features to it's next generation operating system.
- Pfizer taking bids for one of it's consumer products units. The company hopes to get up to $14 billion for the unit.
- Government setting new guidelines for automakers with new fuel economy rules. The government wants to see better miles per gallon in pickups, sport utilities, and vans.These changes wanted in 2008-2011 models.
- Crude Oil is $65.70 per barrel.
- Wholesale gasoline remains high at $1.88 per gallon.
- Natural gas is $7.26 per unit.
- Gold is currently $563.70 per ounce.
Tuesday, March 28, 2006
GS
CMED
Budd Foxx
7 Stocks You Need To Know For Today
Tiffany (TIF) beat by $0.03, ex-items, but missed on revenues. TIF's PowerRating is 6.
Luby's (LUB) reported $0.12 vs. a $0.12 Reuters consensus. LUB's Power Rating is 5.
Stocks Trading Up In Pre-Market
Budd Foxx
Upgrades and Downgrades
IVN, X, MGLN, FMAR, SOV, MTW, and LIOX
Stocks downgraded this morning include:
CAO, OPLK, FTI, SII, ABN, UBS, PFWD, MFC, RMK, SIRF, MGM, LLY, and RAIL
Budd Foxx
Morning News
- Futures are up just a bit this morning we could see a flat to slightly higher open.
- March Consumer Confidence to be released today.
- U.S. Federal Reserve meeting wraps up today. All expectations call for another rate hike. Announcement will come this afternoon.
- Homebuilder Lennar first quarter earnings up 33.6% to $258 million. Revenue was up to $3.5 billion.
- Apple Computer's Steve Jobs has sold nearly $296 million in Apple shares. The sale reportedly for tax purposes. Steve Jobs still owns based on yesterday's close $322 million worth of stock.
- Pfizer Inc. facing a lawsuit alleging the company defrauded medicaid programs by marketing Lipitor to a wider range of patients than federal rules allow.
- Citigroup considering a $5 billion offer for a bank in Turkey.
- Crude Oil is $64.50 per barrel.
- Wholesale Gasoline remains high at $1.83 per gallon.
- Natural Gas remains around $7.00 per unit.
- Gold pulling back just a bit to $564.00 per ounce.
Monday, March 27, 2006
ICE
HANS
BOOM
Budd Foxx
GS
7 Stocks You Need To Know For Today
Luby's (LUB) reports today after the close; look for $0.16. LUB's Power Rating is 5.
Walgreen (WAG) also reports on after the close; look for $0.52. WAG's PowerRating is 5.
Inco (N) was upgraded at Citigroup, to Buy from Hold. N's Power Rating is 5.
Stocks Trading Up In Pre-Market
Budd Foxx
7 Options You Need to Know for Today
Onyxx Pharmaceutical (ONXX) saw a good deal of put buying. The stock closed at 26.36 and the Apr 30 puts (OIQ PF) closed at 3.70 - 3.90. ONXX's PowerRating is 6.
JB Hunt (JBHT) had plenty of put buying relative to call buying. The stock closed at 22.10 and the Apr 22 1/2 puts (JHQ PX) closed at 0.85 - 1.00. JBHT's PowerRating is 6.
Stocks to Watch
Stocks to Watch
Upgrades and Downgrades
DLM, PD, CC, N, AL, ABT, KMB, PYX, NWL, SIRI, TOL, MTLM, INTC, STLD, and LNCR
Stocks downgraded this morning include:
ENR, LTON, ENCY, and WPSC
Budd Foxx
Morning News
- Futures are pointing to a flat to slightly higher open this morning.
- The Federal Reserve to meet on Tuesday. A rate hike is expected but people will be looking for any new tones in the statement released tuesday afternoon.
- According to the Lundberg Survey retail gas prices jumped nearly 15 cents on average over the past two weeks.
- Chevron Corp. and Exxon Mobil have discovered an oil field in West Africa with up to one billion barrels of oil.
- Ford Motor company to develop a motor to compete with Diamler Chrysler's Hemi V-8 engine.
- Airbus conducted a test for it's new A380 double decker plane. 873 people were evacuated from the plane within the 90 second time limit. This was done with half of the 16 exits blocked. Reports say it can take up to 1 1/2 hours to board this plane.
- Crude Oil is $63.66 per barrel.
- Wholesale Gasoline is $1.80 per gallon.
- Natural Gas just above $7.00 per unit.
- Gold made a move up on Friday and is moving up today to $564.50 per ounce.
Sunday, March 26, 2006
Saturday, March 25, 2006
Advanced Candlestick Patterns
Friday, March 24, 2006
NYX
TLAB
TLAB CHART
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks You Need To Know For Today
Google (GOOG) will replace Burlington Resources (BR) in the S&P 500. GOOG's Power Rating is 5.
An FDA panel decided 12-1 that Cephalon's (CEPH) drug Provigil was not safe enough to be sold for treatment of ADHD in children and teenagers. The FDA will make the final decision later. CEPH's PowerRating is 6.
Tim Horton's (THI) debuts its IPO, 29 million shares between $22 - $24, above the initial $18 - $20 range.
Palm (PALM) beat by $0.02. PALM's PowerRating is 6.
7 Options You Need to Know for Today
Tribune (TRB) saw a good deal of put buying. The stock closed at 28.10 and the Apr 30 puts (TRB PF) closed at 2.05 - 2.15. TRB's PowerRating is 6.
Sprint Nextel (S) had plenty of put buying relative to call buying. The stock closed at 25.87 and the Apr 25 puts (S PE) closed at 0.25 - 0.35. S's PowerRating is 4.
NetGear (NTGR) had plenty of put buying relative to call buying. The stock closed at 18.66 and the Apr 20 puts (TUD PD) closed at 1.45 - 1.65. NTGR's Power Rating is 6.
Upgrades and Downgrades
CTAS, MLS, BAY, and GOOG
Stocks downgraded this morning include:
CEPH, RCL,CCL, PNFP, TMB, IDIX, RDEN, and CHTT
Budd Foxx
Morning News
- Futures are pointing to a flat open this morning.
- Durable goods orders data to be released today.
- New home sales also to be released today.
- Google Inc. stock to be added to the Standard & Poors 500 Index.
- Lucent Technologies Inc. and Alcatal Sa. in discussions about a $33 billion merger.
- Tim Hortens stock is set to begin trading under the symbol (THI)
- FDA rejects Cephalon's attention deficit disorder drug.
- Campbell Soup may sell it's U.K. and Irish units.
- Crude Oil is $63.62 per barrel.
- Wholesale Gasoline back up to $1.81 per gallon.
- Natural Gas is currently $7.31 per unit.
- Gold hanging right around $550.00 per ounce.
Thursday, March 23, 2006
ARRS
HANS
RNOW
Stocks Trading Up In Pre-Market
Budd Foxx
GIGM 2005 Net Profit Up 277%
Strong revenue growth and significant operating margin improvement in the Company's entertainment software business drove the best-ever financial performance.
7 Stocks You Need To Know For Today
Herman Miller (MLHR) beat earnings by a penny, announcing $0.33 EPS. MLHR's PowerRating is 6.
Jabil Circuit (JBL) beat earnings by two cents, announcing $0.37 EPS. JBL's PowerRating is 5.
KB Home (KBH) beat earnings, announcing $2.02 EPS versus expected $1.96 EPS. KBH's PowerRating is 5.
7 Options You Need to Know for Today
BJ Services (BJS) saw a good deal of put buying. The stock closed at 31.77 and the Apr 32 1/2 puts (BJS PZ) closed at 1.60 - 1.70. BJS's PowerRating is 6.
Stone Energy (SGY) had plenty of put buying relative to call buying. The stock closed at 41.95 and the Apr 45 puts (SGY PI) closed at 3.40 - 3.60. SGY's PowerRating is 4.
Upgrades and Downgrades
MRO, COP, CDE, LVLT, TEF, WOR, ABR, YHOO, RESP, and RNOW
Stocks downgraded include:
ADBE, KFT, FRX, CRME, and EMC
Budd Foxx
Morning News
- Futures pointing to a lower open today.
- February existing home sales will be released today.
- Weekly jobless claims also due for release today.
- Natural Gas inventories to be released at 10:30 this morning.
- Dell Inc. to buy Alienware Corp. a computer maker involved in high end game related computing gear.
- Conoco Phillips and Marathon Oil upgraded this morning at Prudential Equity Group.
- Apple Computer Inc. saying proposed French law would encourage piracy. If the bill becomes law there are many who believe Apple will shut down it's iTune service in France.
- Jabil Circuits Inc. reports a 50% rise in second quarter profit, and raised third quarter estimates.
- Crude Oil just above $62.00 per barrel.
- Wholesale Gasoline is currently $1.74 per gallon.
- Natural Gas is $7.00 per unit.
- Gold is $549.00 per ounce.
Earnings
3Com Corp. (COMS)
Apollo Group (APOL)
Bema Gold Corp. (BGO)
Biovail Corp. (BVF)
ConAgra Foods (CAG)
Eldorado Gold Corp. (EGO)
Family Dollar (FDO)
Finish Line (FINL)
General Mills Inc. (GIS)
GigaMedia Limited (GIGM)
Movie Gallery Inc. (MOVI)
Palm Inc. (PALM)
Synnex Corp. (SNX)
The Wet Seal Inc. (WTSLA)
Budd Foxx
Wednesday, March 22, 2006
IPSU
SLW
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks You Need To Know For Today
Morgan Stanley (MS) reported $1.79, including items vs. a $1.20 consensus. Revenue was $8.43 billion, also beating estimates MS's PowerRating is 5.
Nike (NKE) beat earnings, announcing $1.24 EPS versus expected $1.10 EPS. NKE's Power Rating is 5.
FedEx (FDX) is due to report shortly. FDX's Power Rating is 6.
Why Tuesday's action is important
7 Options You Need to Know for Today
Polaris (PII) saw a good deal of put buying. The stock closed at 51.34 and the Apr 55 puts (PII PK) closed at 3.80 - 4.10. PII's PowerRating is 4.
Kinder Morgan (KMI) had plenty of put buying relative to call buying. The stock closed at 90.98 and the Apr 90 puts (KMI PR) closed at 1.40 - 1.55. KMI's PowerRating is 6.
Upgrades and Downgrades
BMY, JNY, ANSR, PRZ, CWST, IEX, ALA, and EMAG
Stocks downgraded include:
DRRX, TWTC, O, MGG, CMVT, INSP, OPWV, EPE, ETE, DSCO, and JNPR
Budd Foxx
Morning News
- Futures are pointing to a weaker open this morning.
- Weekly oil inventories to be released at 10:30 this morning.
- Mortgage Applications down again for the week ending March 17th.
- Microsoft Corp. saying next version of Windows Operating System will not be available until January of 2007. This expected to hurt companies like Hewlett Packard, Dell, and Gateway but could benefit Apple Computer due to the fact that Apple does not use the Windows operating system.
- Bristol Myers Squibb and Sanofi Aventis reach settlement with Apolex Corp.
- The FDA to take more time to review Tysabri. Elan Corp. and Biogen were hoping to have the drug back on the market in early summer. The FDA saying they could take up to 90 more days to review.
- President Bush speaking yesterday American forces to stay in Iraq for years, and the next president will decide when they come home.
- Crude Oil is $62.09 per barrel.
- Wholesale gas remains high at $1.80 per gallon.
- Natural Gas is $6.88 per unit.
- Gold just below $550.00 per ounce.
Earnings
AAR Corp. (AIR)
Actuant Corp. (ATU)
Adobe Systems (ADBE)
Clarcor Inc. (CLC)
Darden Restaurants (DRI)
FedEx (FDX)
Jabil Circuit Inc. (JBL)
KB Home (KBH)
Morgan Stanley (MS)
Worthington Industries (WOR)
Budd Foxx
Tuesday, March 21, 2006
SLW
Top Performers
PALM
Stocks Trading Up In Pre-Market
Budd Foxx
7 Options You Need to Know for Today
National Semiconductor (NSM) saw a good deal of put buying. The stock closed at 24.20 and the Apr 30 puts (NSM PF) closed at 2.80 - 2.90. NSM's PowerRating is 6.
Gannett (GCI) had plenty of put buying relative to call buying. The stock closed at 58.81 and the Apr 60 puts (GCI PL) closed at 1.85 - 1.95. GCI's PowerRating is 5.
7 Stocks You Need To Know For Today
Oracle (ORCL) beat by a penny; revenue, though up 14%, was slightly below estimates, at $3.47 billion vs. a $3.53 billion estimate. ORCL's PowerRating is 4.
Federated (FDS) is expected to report before the open Tuesday. FDS's PowerRating is 5.
Upgrades and Downgrades
BRL, SHFL, RKT, HWAY, MUR, NVDA, CAM, HPY, and MGM
Stocks downgraded this morning include:
AKH, IFSIA, KZL, and FDG
Budd Foxx
Morning News
- Futures are down this morning pointing to a lower open.
- Producer Price Index data to be released today.
- Federal Resreve Chairman Ben Bernanke spoke after the market close yesterday. Nothing really unknown came out of his statements. The FOMC will be meeting on March 27th and 28th.
- Oracle earns 42% more than a year ago, but only saw a rise of 4% from new database licenses.
- Reports are out that Level3 Communications may get a bid to be bought by BEA Systems for around $10 billion.
- Target now expects March sales to come in up 1.5% to 2.5% previous forcast called for a rise of 1% to 3%
- Electronic Arts upgraded this morning at Merrill Lynch.
- Volvo to buy 13% stake in Nissan Diesel for $196 million.
- Crude Oil pulling back to just above $60.00 per barrel.
- Wholesale Gasoline is $1.81 per gallon.
- Natural Gas is $6.75 per unit.
- Gold pulling back a bit this morning current price is $553.00 per ounce.
Earnings
Angio Dynamics (ANGO)
Biomet Inc. (BMET)
Commercial Metals Company (CMC)
Dollar General Corp. (DG)
Electric City Corp. (ELC)
FactSet Research Systems (FDS)
FSI International (FSII)
Gamestop Corp. (GME)
Langer (GAIT)
New Dragon Asia Corp. (NWD)
Nike Inc. (NKE)
Perry Ellis International (PERY)
Progress Software Corp. (PRGS)
The Marcus Corp. (MCS)
Budd Foxx
Monday, March 20, 2006
BWNG
Top Performers
TIE
ICE
Stocks Trading Up In Pre-Market
Budd Foxx
Stocks to Watch
Upgrades and Downgrades
SGP, OMX, FPL, ADRX, and HILL
Stocks downgraded this morning include:
MHP, MLS, MNST, VPHM, ALV, and WMK
Budd Foxx
7 Stocks You Need To Know For Today
Williams Sonoma (WSM) reports before the open on Monday; look for $1.09. WSM's PowerRating is 5.
Oracle (ORCL) reports after the close Monday; look for $0.18. ORCL's PowerRating is 4.
Morning News
- Futures are pointing to a higher open this morning.
- Federal Reserve Chairman Ben Bernanke to speak today after the market close.
- Copper is up due to concerns in Indonesia. Newmont Mining has suspended exploration and protest are taking place at the Freeport Memoran facility.
- Reports are out that Reckitt Benckiser Plc. could make a bid for Pfizer Inc. consumer products business for as much as $10.5 billion.
- Wal Mart saying the company could hire up to 150,00 people, and open 20 stores in China this year.
- Michaels Stores Inc. exploring the sale of itself. The company has 1,100 stores and could bring in nearly $5.5 billion.
- Dell Inc. plans to expand in India. The company plans to double it's work force over the next three years in the country.
- Crude Oil is $62.39 per barrel.
- Wholesale Gasoline remains high at $1.83 per gallon.
- Natural Gas slips to just below $7.00 per unit.
- Gold currently $554.50 per ounce.
Earnings
Acuspere Inc. (ACUS)
Books A Million Inc. (BAMM)
Carrizo Oil and Gas Inc. (CRZO)
Consolidated Water (CWCO)
Healthways (HWAY)
Oracle (ORCL)
Phillips Van Heusen (PVH)
Rockwood Specialties Group Inc. (ROC)
Shuffle Master Inc. (SHFL)
Sonic Corp. (SONC)
Steinway Musical Instruments (LVB)
Williams Sonoma (WSM)
Budd Foxx
Sunday, March 19, 2006
Saturday, March 18, 2006
Gauging Support And Resistance
Friday, March 17, 2006
13-Hour Trading Day?
In this scenario a profit warning by a major multi-national corporation has sent its shares tumbling in Hong Kong. Fearing their shares will bottom out before Wall Street awakens, bankers in London begin to place orders at 8 a.m. British time.
ASEI
Railroad Stocks
RAIL, BNI, NSC, UNP and WAB
Stocks Trading Up In Pre-Market
Budd Foxx
7 stocks you need to know for Today
Movie Gallery (MOVI) announces earnings Friday morning; consensus is $0.39 EPS . MOVI's PowerRating is 3.
Petco (PETC) beat earnings, announcing $.46 EPS versus expected $.45 EPS . PETC's PowerRating is 4.
Upgrades and Downgrades
CHR, MERQ, MPG, BCS, and MMLP
Stocks downgraded this morning include:
MLS, BKS, HEP, CNP, FS, SBIB, SYGR, SCST, RDEN, EDMC, TEM, and TRB
Budd Foxx
Morning News
- "Happy St. Patrick's Day"
- Futures are pointing to a flat to slightly higher open this morning.
- Consumer confidence data to be released this morning.
- Industrial production and capacity utilization also to be released today.
- General Motors reporting it's 2005 loss will be $2 billion more than what the company reported earlier.
- CBS Corp's decision to show men's NCAA basketball games on the web has a succesful first day.
- Reports are out that St Paul Travelers Cos. in talks to merger with Zurich Financial Services.
- The U.S Senate approves budget plan that will allow the federal government to spend $2.9 trillion in fiscal 2007.
- Investors led by Carl Ichan win 1 seat on the board of KT & G Corp. The group was looking to gain two seats on the board.
- Vodafone has agreed to sell Japanese unit to Softbank for $15.6 billion.
- Crude Oil is $63.37 per barrel.
- Wholesale Gasoline remains high at $1.85 per gallon.
- Natural gas is $7.21 per unit.
- Gold hanging right around $555.00 per ounce.
Thursday, March 16, 2006
ISRG
NTRI
ICE
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks You Need To Know For Today
Bear Stearns (BSC) reports before the open Thursday; look for $2.95. BSC's PowerRating is 5.
Hot Topic (HOTT) beat by a penny. HOTT's PowerRating is 4.
Gymboree (GYMB) beat by $0.02, ex-items. GYMB's PowerRating is 3.
Upgrades and Downgrades
LSI, ATRS, MEH, CCE, PARS, PPS, PTV, BMS, VVTV, and MMLP
Stocks downgraded include:
GSK, CEPH, F, CIEN, KDE, CRWN, ATI, and BG
Budd Foxx
Morning News
- Futures are leaning to a slightly lower open this morning.
- Consumer Price Index to be released today.
- Philly Fed Survey also due to be released today.
- Housing Starts will also be released today.
- Ford Motor Company downgraded at J.P. Morgan this morning.
- New York state files $250 million lawsuit against H & R Block Inc. claiming the company pushed over 500,000 customers into a money losing retirement plan.
- President Bush's approval rating reaching new lows down to 37% according to one poll.
- CBS to provide free live web streaming of men's college basketball tournament starting today. It is believed the company will make more in advertising than if they were to offer the games on a pay- per- view basis.
- Crude Oil down just a bit to $61.90 per barre.
- Wholesale Gasoline remains high at $1.79 per gallon.
- Natural Gas still holding just above $7.00 per unit.
- Gold is currently $554.00 per ounce.
Earnings
Aleris International (ARS)
American International Group (AIG)
Barnes & Noble (BKS)
Basic Energy Services Inc. (BAS)
Bear Stearns (BSC)
Borders Group Inc. (BGP)
Cintas Corp. (CTAS)
Cost Plus (CPWM)
CRA International (CRAI)
Hollis Eden Pharmaceuticals (HEPH)
Leap Wireless International (LEAP)
Petco Animal Supplies (PETC)
Pride International Inc. (PDE)
Shoe Carnival (SCVL)
Stein Mart Inc. (SMRT)
W & T Offshore Inc. (WTI)
Budd Foxx
Wednesday, March 15, 2006
Chinese Stocks
DuPont raises first-quarter view
The company said it expects first-quarter earnings per share to be 80 cents, before items, up from a previous forecast of 70 cents. Analysts expected 71 cents per share for the quarter.
Stocks Trading Up In Pre-Market
Budd Foxx
7 Options You Need to Know for Today
Harley Davidson (HDI) saw a good deal of put buying. The stock closed at 50.01 and the Apr 50 puts (HDI PJ) closed at 2.05 - 2.20. HDI 's PowerRating is 4.
Avid Technology (AVID) had plenty of put buying relative to call buying. The stock closed at 44.03 and the Apr 45 puts (AQI PI) closed at 2.35 - 2.50. AVID's PowerRating is 6.
Union Pacific Boosts 1Q Earnings Outlook
UNP, BNI, RAIL and NSC
7 Stocks You Need To Know For Today
Lehman Bros. (LEH) reports before the open Wednesday; look for $3.17. LEH's PowerRating is 6.
Lexar Media (LEXR) missed by $0.05. Revenues rose 28% year over year and were inline with expectations. LEXR's PowerRating is 4.
Upgrades and Downgrades
ECLP, PMCS, MATR, CPV, MDTL, and ATRS
Stocks downgraded this morning include:
LLTC, PXD, AAUK, CMVT, SNDA, RNVS, and PALM
Budd Foxx
Morning News
- Futures are flat this morning looks like we could see a slightly lower open.
- Weekly Oil Inventories to be released at 10:30 this morning.
- February Import Price Index expected to show a decline of .4%
- U.S Dept of Justice backing off a bit in the Google Inc. case. Previously they had wanted 2 months worth of information from Google. It appears now they are looking for 5,000 random search request and up to 50,000 web addresses. Judge in the case is expected to side with these new conditions.
- Reports are out that General Motors has recieved a bid for it's GMAC unit.
- Sony to delay the release of it's Play Station 3 until November.
- Looks like Sears Holdings earnings have come in better than expectations.
- Sweden now reporting it's first case of the Bird Flu.
- Crude Oil down just a bit this morning to $62.66 per barrel.
- Wholesale Gasoline moved up yesterday and is currently $1.84 per gallon.
- Natural Gas remains just above $7.00 per unit.
- Gold currently $552.50 per ounce.
Earnings
4 Kids Entertainment (KDE)
Charming Shoppes (CHRS)
CharterMac (CHC)
Comverse Technology (CMVT)
DryShips Inc. (DRYS)
Echostar Communications Corp. (DISH)
Goodrich Petroleum (GDP)
Hot Topic (HOTT)
Ivanhoe Energy Inc. (IVAN)
Lehman Brothers Holdings Inc. (LEH)
Ross Stores Inc. (ROST)
True Religion Apparel Inc. (TRLG)
Budd Foxx
Tuesday, March 14, 2006
Concentrate on these 4 sectors
Volume swelled to over 2 billion shares on the NYSE while the NASDAQ volume increased but remained below-average. In recent weeks, leading stocks such as Tradestation (TRAD) have been failing to hold key areas of support. Selling pressure has been intense while the major indexes have remained just beneath multi-years highs. The Dow and S&P 500 closed at new multi-year highs after the strong buying on Tuesday, but leadership still remains in question.
ANGO
BOOM
Budd Foxx
CREE
GROW
PD
7 Options You Need To Know For Tuesday
Here are 7 options for option traders for Tuesday:
NovaStar Finincial (NFI) saw a good deal of put buying relative to call buying. The stock closed at 29.80 and the Apr 30 puts (NFI PF) closed at 1.60 - 1.75. NFI 's PowerRating is 4.
Stocks Trading Up In Pre-Market
Budd Foxx
Stocks to Watch
Stocks to Watch
Japan's gain could be your loss
It's officially over. After 15 years -- yes, 15 years -- of no growth, Japan's economy is poised to grow by as much as 5% in 2006. After eight years of slowly but steadily falling prices, Japan can now smell a welcome whiff of inflation. And after years and years of 0% short-term interest rates, the Bank of Japan is widely expected to finish the year raising those same rates to 0.5%.
Upgrades and Downgrades
VIP, EGLE, BGFV, BUD, SWIR, CHS, ECA, CSX, CD, and PD
Stocks downgraded this morning include:
AZR, TNS, MPWRE, LEXR, ABM, and STTX
Budd Foxx
Morning News
- Futures are pointing to a lower open this morning.
- February Retail Sales expected to show a dip of .8%
- Comcast Corp. in talks to buy remaining 40% stake of Entertainment Television Inc. from the Walt Disney Co.
- FDA Panel rejects Eli Lilly Companies cancer drug Gemzar for the treatment in advanced ovarian cancer.
- International Energy Agency lowers it's world demand for oil by 16% due to high oil product prices.
- Procter & Gamble expects sales growth to come in at 5% to 6% which is at the low end of previous forcast.
- Google Inc. and Volkswagon reportedly developing a navigation system.
- Anheuser Busch Inc. to be the U.S. importer of Asia Pacific Breweries brand Tiger Beer. The stock has been upgraded this morning at Bear Stearns.
- U.S Agriculture Dept. has confirmed a case of Mad Cow Disease on a farm in Alabama.
- Crude Oil is $61.62 per barrel.
- Wholesale Gasoline is $1.76 per gallon.
- Natural Gas has moved up just a bit to just over $7.00 per unit.
- Gold down this morning to $544.00 per ounce.
Earnings
Air Methods (AIRM)
American States Water (AWR)
Citi Trends Inc. (CTRN)
Cornell Companies Inc. (CRN)
DepoMed (DEPO)
Goldman Sachs (GS)
Levitt Corp. (LEV)
PetroHawk Energy Corp. (HAWK)
Pride International (PDE)
Ventiv Health Inc. (VTIV)
Wireless Facilities (WFII)
Budd Foxx
Monday, March 13, 2006
BA
BA CHART
GLW
AAPL
Stocks Trading Up In Pre-Market
Budd Foxx
Upgrades and Downgrades
ADTN, AEA, KIRK, RTSX, MDC, ENR, and DUK
Stocks downgraded this morning include:
MAS, BXG, NPSP, and NCX
Budd Foxx
Morning News
- Futures are pointing to a higher open this morning.
- The Lundberg Survey shows on average gas prices are up 11 cents over the past two weeks.
- South Korea's second largest automaker KIA to build $1.2 billion auto factory in West Point Georgia.
- Capital One to buy North Folk Bancorp. for $14.6 billion.
- Astrazeneca's drug Crestor has passed a scientific trial. The drug shows it can reverse plaque build up in patients arteries.
- Knight Ridder announcing McClatchy has won the auction for the company with a bid of $6.5 billion or just over $67.00 per share.
- U.S. Agriculture Dept. looking into a possible new case of mad cow.
- Crude Oil is $59.63 per barrel.
- Wholesale Gasoline is $1.67 per gallon.
- Natural Gas currently $6.79 per unit.
- Gold up a bit this morning to $545.70 per ounce.
Earnings
Alpharma (ALO)
Artesian Resources (ARTNA)
Canbridge Display Tech. (OLED)
Chipotle Mexican Grill Inc. (CMG)
Dendreon (DNDN)
eCollege (ECLG)
Extra Space Storage Inc. (EXR)
Lone Star Steakhouse (STAR)
Ngas Resources Inc. (NGAS)
Sonus Networks (SONS)
Zila (ZILA)
Watchguard Technologies (WGRD)
Budd Foxx
Saturday, March 11, 2006
TRADE MANAGEMENT Q&A
I've received hundreds of questions about this subject over the years and have complied them into a Q&A to help you make the right choices during the trading day.