Wednesday, May 31, 2006
NTRI
Budd Foxx
BRCM
Budd Foxx
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks You Need To Know For Today
Freddie Mac (FRE) reported $2.75, beating estimates but well off the $3.94 a year ago. FRE's PowerRating is 4.
Costco (COST) reports before the open Wednesday; look for $0.50. COST's PowerRating is 5.
Tiffany (TIF) reports before the open Wednesday; look for $0.28. TIF's PowerRating is 5.
A director at LoJack (LOJN) bought 5000 shares in the 17 1/2 area. LOJN's PowerRating is 4.
Upgrades and Downgrades
APA, VG, CE, IVAN, EAS, HCA, BOT, GFI, EXPE, NCTY, HXL, FFIV, PDX, OS, GGG, LSTR, RIMM, and SMTC
Downgraded this morning include:
NFG, HOKU, LLL, ACR, ASD, IR, and BVN
Budd Foxx
Morning News
- Futures are up just a bit this morning pointing to a slightly higher open.
- Investors attention will be focused on the minutes to be released from the last Federal Reserve interest rate meeting.
- OPEC meeting today. It is believed production will remain at 28 million barrels per day.
- With Memorial Day this week I believe the Energy Dept. will release oil inventories on Thursday.
- It is now believed more than 5,800 people have been killed in Indonesia. The quake over the weekend has now left more than 640,000 people displaced. The United States has lifted its aid contribution to 5 million dollars.
- Novartis announcing the FDA has approved its Omnitrope Hormone used to traet growth disorders.
- Papa Jophn's same store sales for May increase by 5.2%
- Goldman Sachs has lifted its view on gold to attractive from neutral. Goldman has also lifted its price estimate for 2006 to $635.00 per ounce.
- J.P Morgan upgrades Research In Motion this morning.
- Crude Oil is down just a bit to $71.34 per barrel.
- Wholesale gas remains high at $2.13 per gallon.
- Natural Gas just above $6.00 per unit.
- Gold down slightly to $659.00 per ounce.
Tuesday, May 30, 2006
DLB
DLB CHART
Turn short-term fear into long-term profit
Volatility is way up. Your stomach, tied in knots by the drop in global equities and commodity prices, tells you that. Fear is back.
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks You Need To Know For Today
Albertson's (ABS) announces earnings before the open on Tuesday; consensus is 0.24 EPS. ABS's PowerRating is 5.
Avanex (AVNX) jumped from a PowerRating of 5 on Thursday to 7 on Friday.
Google (GOOG) and Dell (DELL) announced a multi-year partnership to install Google software onto Dell computers before they are shipped. GOOG's PowerRating and DELL's PowerRating.
TiVo (TIVO) is PowerRated 9. TIVO is currently in a pullback to its 200 day Moving Average.
Upgrades and Downgrades
CWCO, AMAT, OEH, NFX, ASML, CERN, SUNW, ECLP, TER, CPRT, SIRF, SIRI, BRL, NHWK, and MFLX
Downgraded this morning include:
ITY, NAV, GGC, HUMC, DELL, and GM
Budd Foxx
Morning News
- Futures are down this morning pointing to a lower open.
- May consumer confidence to be released today.
- Supplies reaching Indonesia after a 6.3 earthquake rocks the area on saturday. It is believed that more than 5,400 people have lost there lives. An estimated 200,000 people have been left homeless after the quake.
- Wal-Mart same store sales for May rise 2.3% which is at the low end of expectations.
- Donald Evans, and Hank Paulson seem to be the front runners to replace John Snow.
- Iran minister now saying that the U.S. is not capable of attack.
- CEO and group of investors offering to take Kinder Morgan private.
- Malaysia in talks to bring Disney Theme Park to Southeast Asia.
- General Motors downgraded this morning at Deutsche Bank.
- Crude Oil is $71.85 per barrel.
- Wholesale gasoline currently $2.13 per gallon.
- Natural gas remains just above $6.00 per unit.
- Gold holding right at $651.00 per ounce.
Monday, May 29, 2006
Sunday, May 28, 2006
Saturday, May 27, 2006
The Daily Routine of a Swing Trader
Pre-Market
The retail swing trader will often begin his or her day at 6am (EST), well before the opening bell. The time before open is crucial for getting an overall feel for the day's market, finding potential trades, creating a daily watch list and, finally, checking up on existing positions.
Friday, May 26, 2006
One-Week High-Volume Gainers
One-Week Gainers
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks You Need To Know For Today
Agile Software (AGIL) beat by $0.02. AGIL's PowerRating is 5.
Weight Watchers (WTW) announced a $250 million stock buyback. WTW's PowerRating is 6.
Creedence Ssytems (CMOS) reported ($0.14) and guided lower. CMOS's PowerRating is 6.
Ditech (DITC) beat by $0.06 and guided revenues higher for Q1. DITC's PowerRating is 6.
Upgrades and Downgrades
UFCS, TCO, EOG, LEND, REG, GGP, TSU, BT, PLMD, MER, GS, SCHW, BORL, N, and GM
Downgraded this morning include:
CMOS, OXY, SNV, TRFC, and SUPG
Budd Foxx
Morning news
- Futures are pointing to a slightly lower open this morning.
- University of Michigan to release final reading on consumer sentiment at 9:45 this morning.
- April personal income and spending also to be released today.
- U.S. Senate has passed immigration bill on a vote of 62 - 36.
- Texas jury finds Kenneth Lay and Jeffrey Skilling guilty on almost all charges against them in the Enron trial.
- Google Inc. and Dell teaming up to factory install Google desktop tools in Dell computers.
- General Motors upgraded for the second time in three days.
- Reports are out that John Snow will leave his post as Treasury Secratary within the next two months.
- Las Vegas Sands has been chosen to build Singapore's first casino.
- Crude oil is back up to $71.64 per barrel.
- Wholesale gasoline is $2.10 per gallon.
- Natural gas up a bit to $6.53 per unit.
- Gold getting some back current price is $653.00 per ounce.
Thursday, May 25, 2006
HANS
PD
Metal Stocks to Watch
EBAY
Stocks Trading Up In Pre-Market
Budd Foxx
Yahoo! and eBay Form Strategic Partnership
Upgrades and Downgrades
WMT, CECO, VIP, KNX, NTLI, FBN, ATO, CNB, ONXX, ITG, AZN, GENZ, DRI, GLG, SKYW, EBAY, WB, AEP, and KLAC
Downgraded this morning include:
RYL, XMSR, DG, BCSI, ASBC, MRBK, and HPQ
Budd Foxx
7 Stocks You Need To Know For Today
Tivo (TIVO) beat by $0.09 and issued in-line guidance. TIVO's PowerRating is 7.
Network Appliance (NTAP) was in-line at $0.23. NTAP's PowerRating is 5.
Opsware (OPSW) reported a penny loss--in-line--but beat on revenues. The company guided higher for fiscal 2007.OPSW's PowerRating is 4.
Petco (PETC) beat by a penny, but revenues were light. The company guided lower for Q2, now seeing $0.23 - $0.25 vs. $0.30. PETC's PowerRating is 5.
Michael's Stores (MIK) was in-line at $0.38. MIK's PowerRating is 5.
Morning News
- Futures are pointing to a flat to slightly higher open this morning.
- First quarter GDP data to be released today.
- Initial jobless claims will be released at 8:30 this morning.
- Existing home sales also due to be released this morning.
- Vonage debut worst since 2004. The stock closed on the day down nearly 13% from its opening price.
- Home Depot Inc. to hold its annual meeting today. In focus will be the CEO pay package.
- CBS Corp. and Howard Stern reportedly reach a settlement in a breach of contract lawsuit.
- MasterCard IPO comes in slightly lower than expectations. 61.5 million shares priced at $39.00 each.
- Reports are out that General Motors has reached buyout deals with more than 20,000 U.S. factory workers.
- Regions Financial Corp. reaches $10 billion merger deal with AmSouth Bancorp.
- Wal-Mart upgraded to a buy from neutral at Banc of America Securities.
- Ebay Inc. upgraded to overweight from neutral at Prudential Equity Group.
- Crude Oil is $70.30 per barrel.
- Wholesale gasoline is $2.04 per gallon.
- Natural gas just below $6.00 per unit.
- Gold got wacked yesterday current price is $643.00 per ounce.
Earnings
Big Lots Inc. (BLI)
Brown Shoe Company (BWS)
CDC Corp. (CHINA)
Chico's FAS, Inc. (CHS)
Credence Systems Corp. (CMOS)
Flowers Foods (FLO)
Frontier Airlines (FRNT)
Genesco (GCO)
Hormel Foods Corp. (HRL)
Joy Global Inc. (JOYG)
Metal Management Inc. (MTLM)
Patterson Dental (PDCO)
Pioneer Drilling Company (PDC)
Toro (TTC)
United Natural Foods (UNFI)
Budd Foxx
Wednesday, May 24, 2006
LOW
YHOO
6 in Indonesian family die of bird flu
An Indonesian family infected with bird flu may have passed the disease among themselves rather than individually catching it from poultry, but the World Health Organization is leaving its pandemic alert level unchanged, the agency said Wednesday.
Six of seven people in the extended family in northern Sumatra who caught the disease have died, the most recent on Monday. An eighth person who died was buried before tests could be conducted, but she was considered to be among those infected with the H5N1 strain of bird flu.
WHO is investigating whether the strain was spread among family members, although it said Wednesday there was no evidence the virus had mutated to a form that will spread more easily between humans, possibly sparking a pandemic.
Oil Inventories
Crude Oil inventories down 3 million barrels.
Gasoline inventories up 2.1 million barrels.
Distillates inventories saw a build of 2.5 million barrels.
Budd Foxx
ISRG GAP FILLED
ISRG CHART
PEIX
BOOM
Stocks Trading Up In Pre-Market
Budd Foxx
Upgrades and Downgrades
FCN, REP, CA, STM, VRTX, SGEN, LOGI, NCI, ABI, JBL, EXPD, and GM
Downgraded this morning include:
Budd Foxx
Morning News
- Futures are pointing to a slightly lower open this morning.
- Weekly oil inventories to be released at 10:30 this morning.
- April durable goods orders to be released at 8:30 this morning.
- April new home sales also to be released today.
- World Health Organization looking into possible human to human transmission of the bird flu in Indonesia.
- Dell Inc. to open pilot stores.
- 2006 hurricane season expected to be active with forcast of 4-6 major hurricanes. This forcast calls for a calmer season than the 2005 season.
- Honda Motor Corp. has plans to sell diesel powered vehicles in the U.S. by 2009.
- Crude oil down a bit this morning to $71.10 per barrel.
- Wholesale gasoline is $2.09 per gallon.
- Natural gas just above $6.00 per unit.
- Gold pulling back to $663.00 per ounce.
Earnings
AutoZone Inc. (AZO)
Blue Coat Systems (BCSI)
Coldwater Creek (CWTR)
Daktronics (DAKT)
DocuCorp International (DOCC)
Dollar Tree Stores (DLTR)
Eaton Vance Corp. (EV)
JLG Industries (JLG)
Michaels Stores (MIK)
Network Appliance (NTAP)
Petco Animal Supplies (PETC)
Tivo Inc. (TIVO)
Willaims Sonoma (WSM)
Budd Foxx
Tuesday, May 23, 2006
GROW
JOYG
TIE
ATI and RTI
Stocks Trading Up In Pre-Market
Budd Foxx
Ethanol: Myths and Realities
Upgrades and Downgrades
LSTR, CRESY, GMK, ATI, GT, XMSR, MOLX, BECN, TSO, and ASML
Downgraded this morning include:
JAMS, RMK, and TRID
Budd Foxx
Morning News
- Futures are pointing to a slightly higher open this morning.
- Toll Brothers reports a 3% rise in net income, but the company has lowered its 2006 earnings guidance.
- Fannie Mae to pay $400 million to settle probe into accounting manipulation.
- Intel Corp. to help launch low cost computers and notebooks in India.
- New Orleans officials testing new evacuation plans, and emergency response for the next two days in case of another hurricane. The official start to hurricane season is next week.
- Toyota Motor Corp. has rolled out its first Camry made in new factory in China. This all part of the companies plan to get in on the fastest growing vehicle market.
- Conoco Phillips and Saudi Arabia to sign $6 billion refinery deal.
- Crude oil making a move to the upside current price is $70.80 per barrel.
- Wholesale gasoline is $2.09 per gallon.
- Natural gas currently $6.36 per unit.
- Gold is up just a bit today to $662.00 per ounce.
Earnings
AFC Enterprises (AFCE)
Ansoft Corp. (ANST)
CBRL Group (CBRL)
Computer Sciences Corp. (CSC)
Dycom Industries (DY)
Medtronic Inc. (MDT)
Palm Harbor Homes (PHHM)
Perry Ellis International (PERY)
Phillips Van Heusen (PVH)
Shiloh Industries (SHLO)
Sonic Solutions (SNIC)
Toll Brothers (TOL)
Budd Foxx
Monday, May 22, 2006
7 Stocks You Need To Know For Tuesday
Wet Seal (WTSLA) beat by $0.04; revenues were slightly higher than expected. WTSLA's PowerRating is 4.
Verifone (PAY) beat by $0.02. PAY's PowerRating is 5.
Mentor Corp. (MNT) missed by $0.02; revenues were slightly higher than expected. The company also guided lower. MNT's PowerRating is 5.
Teva Pharmaceuticals (TEVA) received FDA approval to sell a generic version of Forest Lab's Lexapro; the two companies are currently in litigation over the patent. TEVA's PowerRating is 5.
CBRL Group (CBRL) is scheduled to report before the bell on Tuesday; look for $0.50. CBRL's PowerRating is 6.
BNI
BA
GOOG sitting on the 200 dma
9 stocks primed for a turnaround
Stocks Trading Up In Pre-Market
Budd Foxx
Upgrades and Downgrades
UPS, AMZN, TS, MCHP, LU, AMX, PLCE, FTI, ATVI, FRX, SBUX, JNPR, AMGN, ROH, CY, ERTS, MDC, DIGE, and MAT
Downgraded this morning include:
ANN, N, NSM, and STJ
Budd Foxx
Morning News
- Futures are down once again this morning pointing to a lower open.
- NYSE Group Inc. offers $10.2 billion to buy Euronext. Euronext reported last week that they are in talks with a number of potential buyers.
- Royal Dutch Shell in talks with China National Offshore Oil Corp. Shell looking to acquire a stake in CNOOC.
- Vietnam and the U.S. to sign trade deal in June. This deal would allow Vietnam to be a part of the World Trade Organization.
- Sonny Ericsson to launch a walkman cell phone in Japan.
- Wal-Mart to sell its 16 stores it owns in South Korea.
- The Lundberg Survey shows a decline in the price of gasoline for the first time since February. The survey of 7,000 gas stations shows a drop of just over a penny per gallon.
- Crude oil is pulling back current price is $67.52 per barrel.
- Wholesale gasoline is $2.01 per gallon.
- Natural gas remains just below $6.00 per unit.
- Gold continues to slide. Current price is $645.00 per ounce.
Earnings
Agilysys Inc. (AGYS)
Applied Signal Technology (APSG)
Campbell Soup. (CPB)
Double Hull Tankers Inc. (DHT)
Hastings Entertainment (HAST)
Lowe's Companies (LOW)
Mentor (MNT)
Stealth Gas Inc. (GASS)
Tech Data Corp. (TECD)
The Wet Seal Inc. (WTSLA)
Verifone Holdings Inc. (PAY)
Budd Foxx
Sunday, May 21, 2006
Saturday, May 20, 2006
Commodities Futures
I’m pleased to see that Yahoo Finance has improved its home page Market Summary. If you click on “Indices” you will now find, in addition to “US-World” and “Most Actives”, a new service called “Commodities”.
After you click on Energy or Metals or Grains or Livestock or Softs or Indices, you will be presented with various symbols and last prices plus links to charts and price chains.
This is an elegant presentation of market data for which Yahoo Finance must be applauded.
The ball is now back to the Google Finance team.
Traders, isn’t life getting a whole lot better? Enjoy.Via Bill Cara Blog
Friday, May 19, 2006
LEARN FROM YOUR MISTAKES
Neophytes think their trading flaws will vanish after they get a few years of experience under their belts. But nothing could be further from the truth. In reality, even market professionals make costly mistakes that could have been avoided.
On Wednesday I made 17 trades and cashed in a series of big winners. It was a good day, but it would have been better if I didn't throw money away with stupid trading mistakes. But I rarely lose sleep about these errors, because it's hard to play the game with perfect discipline, day after day.
The market forgives traders' mistakes in easy times, letting us profit despite bad judgment and poor timing. But it's a different story when no clear trend guides the price action. In choppy and confused markets, a big loss can follow every small error.
OXY and OIH
GS
ENER
TIE
AAPL sitting on the 200 dma
RTI Gap
RTI CHART
SECTORS
DNA
Insiders buying TIE
http://insidercow.com
Stocks Trading Up In Pre-Market
Budd Foxx
Upgrades and Downgrades
ABB, DELL, STO, CNET, RDA, S, PNM, NOV, NE, AME, NATI, AMD, MU, DVN, BP, BEN, NGG, and NVT
Downgraded this morning include:
IMCL, SFNT, DELL, FINL, CSC, CPWM, SHFL, and HNZ
Budd Foxx
7 Stocks You Need To Know For Today
Dell (DELL) was in-line, reporting $0.33 and said it will begin using AMD Opteron processors in its multi processor servers. DELL's PowerRating is 5.
Advanced Micro Devices (AMD) will be in focus because of the Dell news. The stock traded up after hours. AMD's PowerRating is 7.
Marvell (MRVL) beat by $0.02. MRVL's PowerRating is 6.
Focus Media (FMCN) beat by $0.08 and guided Q2 higher. FMCN's PowerRating is 6.
Brocade (BRCD) beat by $0.04. BRCD's PowerRating is 6.
Morning News
- Futures are up a bit this morning pointing to a higher open.
- Northwest Airlines reaches deal with its ground workers. The bankrupt company trying to cut back on spending.
- Dell Computer reported earnings after the bell last night, and also announced it will be using Advanced Micro Devices chips in some of its servers.
- Mittal Steel raises its bid for Arcelor by 34%
- Illumina Inc. to offer 3.5 million shares at $25.50 each.
- American Tower Corp. may need to restate some of its financials after a probe by the Securities and Exchange Commission into its stock option activity.
- Toyota Motor Company may be set to build its 8th North American factory.
- U.N committee saying the U.S. should shut down the prison at Guantanamo Bay. The U.N doesn't believe the U.S should be using secret detention centers in the war on terror.
- Crude oil bouncing back just a bit here to $69.85 per barrel.
- Wholesale gasoline also up current price is $2.02 per gallon.
- Natural gas remains under $6.00 per unit.
- Gold is currently $680.00 per ounce.
Thursday, May 18, 2006
Dell to Use AMD Microprocessors
Sears 1st-Qtr Profit Exceeds Estimates
Sears Holdings Corp., the largest U.S. department-store company, posted fiscal first-quarter profit that exceeded analyst estimates after reducing expenses. The shares rose as much as 9.5 percent.
Net income was $180 million, or $1.14 a share, Hoffman Estates, Illinois-based Sears said today in a statement. The average estimate of analysts surveyed by Thomson Financial was 65 cents a share. Revenue was $12 billion.
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks You Need To Know For Today
Sears Holding (SHLD) announces earnings before the open on Thursday; consensus is $0.62 EPS. SHLD's PowerRating is 6.
Longs Drug (LDG) beat earnings by $0.06, announcing $0.41 EPS. LDG's PowerRating is 8.
Men's Wearhouse (MW) beat earnings by $0.05, announcing $0.53 EPS. MW's PowerRating is 6.
Salesforce.com (CRM) announced earnings on Wednesday after the close, with $0.04 EPS versus expected $0.01. CRM's PowerRating is 6.
Upgrades and Downgrades
GYMB, SBIT, SFG, STC, LTD, HPQ, PDCO, PLAB, AMIS, REP, STBA, TLB, LTON, and LPSN
Downgraded this morning include:
SNDS, HSIC, HBC, LEA, BRC, BLUD, NCOG, and TLB
Budd Foxx
Morning News
- Futures are pointing to a higher open this morning.
- Weekly jobless claims to be released this morning at 8:30.
- Philly Fed survey will be released today as well.
- Natural gas inventories will be released at 10:30 this morning.
- Yesterday's fall in the DOW was its largest single day decline since March 24, 2003.
- The Nasdaq is now in negative territory for 2006.
- Burger King raising $425 million becoming the richest ever U.S. restaurant IPO. 25 million shares were priced at $17.oo per share.
- Home Depo board has approved a $2 billion share buyback program.
- Mittal Steel launches hostile takeover bid for Arcelor.
- A jury has begun deliberating in the Enron Corp. trial. Eight women and four men will decide the fate of Kenneth Lay and Jeffrey Skilling.
- Crude Oil pulling back to $68.45 per barrel.
- Wholesale Gasoline has also pulled back current price is $1.97 per gallon.
- Natural Gas just above $6.00 per unit.
- Gold also pulling back a bit to $688.00 per ounce.
Earnings
Advance Auto Parts (AAP)
Aeropostale Inc. (ARO)
Autodesk Inc. (ADSK)
Barnes & Noble (BKS)
Brocade Communications Systems (BRCD)
Claire's Stores Inc. (CLE)
Dell Inc. (DELL)
Gamestop Corp. (GME)
Gap Inc. (GPS)
KongZhong Corp. (KONG)
Marvell Technology Group (MRVL)
Nordstrom (JWN)
Sears Holding Corp. (SHLD)
Stein Mart Inc. (SMRT)
Budd Foxx
Wednesday, May 17, 2006
Open Invitation to Beta v1.9 of Trade-Ideas PRO
It is our intention to show our gratitude for your support and use of Trade-Ideas.
Here is the link to get started: http://www.trade-ideas.com/Samples/Setup_1_9_beta.ex
Today's Institutional Activity for all Sectors
MORN
BRCM
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks You Need To Know For Today
Hewlett Packard (HPQ) beat by $0.05 and raised guidance. HPQ's PowerRating is 7.
Abercrombie & Fitch (ANF) beat by $0.08 and guided higher. ANFs PowerRating is 7.
Applied Materials (AMAT) beat by $0.03; gross margins were in-line at 46.5%. AMAT's PowerRating is 5.
Netease (NTES) beat by $0.03. NTES's PowerRating is 5.
Upgrades and Downgrades
AMAT, ADP, ADSK, HPQ, FWRD, and ONXX
Downgraded this morning include:
PTP, NBIX, TWGP, DOVP, HEW, and NBIX
Budd Foxx
Morning News
- Futures are pointing to a lower open this morning.
- Consumer Price Index to be released at 8:30 this morning.
- Weekly oil inventories also to be released this morning at 10:30.
- Verizon now saying the company has not turned over any customer records to the government.
- Hewlett-Packard profit rises 51% on strong computer and printer sales.
- General Motors to cut 1/3 of its workforce at a plant in England.
- U.S. senate rejects bill on border security.
- Government releases video tape of American Airlines plane crashing into the Pentagon on Sept.11 2001.
- Honda Motor Company to build plant here in the U.S. as part of its global expansion plans.
- Crude Oil is $69.73 per barrel.
- Wholesale gasoline currently $2.03 per gallon.
- Natural gas is $6.35 per unit.
- Gold moving back up here to $712.00 per ounce.
Earnings
Acxiom (ACXM)
Bea Systems (BEAS)
Brady Corp. (BRC)
First Service (FSRV)
Foot Locker Inc. (FL)
Gymboree (GYMB)
Hot Topic (HOTT)
Intuit (INTU)
LinkTone (LTON)
Longs Drug Stores (LDG)
Napster (NAPS)
PetSmart (PETM)
Ross Stores Inc. (ROST)
Talbots (TLB)
Zale Corp. (ZLC)
Budd Foxx
Tuesday, May 16, 2006
DXPE
FDS
MORN
Stocks Trading Up In Pre-Market
Budd Foxx
Upgrades and Downgrades
NOV, UNP, WAB, XMSR, BOW, RIMM, RHA, ADO, SOHU, THS, FDS, COGN, ADBE, NCTY, SNDK, BRCM and DOW
Downgraded this morning include:
NE, CAM, DISH, ZUMZ, COGN, and ACR
Budd Foxx
7 Stocks You Need To Know For Today
OSI Systems (OSIS) beat by $0.11 and reaffirmed guidance for the second half of 2006. OSIS's PowerRating is 5.
Agilent (A) beat by $0.03, ex-items; revenue was $1.43 billion. A's PowerRating is 6.
Deere (DE) is due to report before the opening bell Tuesday; look $2.30. DE's PowerRating is 6.
Wal Mart (WMT) is set to report before the bell Tuesday ; look for $0.61. WMT's PowerRating is 6.
Home Depot (HD) is also set to report Tuesday morning; look for $0.67. HD's PowerRating is 5.
Morning News
- Futures are down once again this morning pointing to a lower open.
- Producer Price Index to be released today.
- Housing Starts will also be released today.
- Industrial Production data for April will be released today.
- President Bush made prime time address to the country last night. He talked immigration and the possibility of the National Guard protecting our borders.
- United States removes Libya from its list of terrorist sponsors.
- Ecuador terminates contract with Occidental Petroleum Corp. a contract that was worth up to 7% of oil and gas production in the first quarter.
- BellSouth saying they have not given the government access to any of its customers call records. Reports yesterday stated that BellSouth, AT&T, and Verizon had turned over records to the government.
- Crude Oil is currently $69.60 per barrel.
- Wholesale Gasoline is $2.06 per gallon.
- Natural Gas just over 6 bucks per unit.
- Gold pulled back yesterday to $684.00 per ounce.
Earnings
Ambercrombie & Fitch Co. (ANF)
American Eagle Outfitters Inc. (AEOS)
Applied Materials (AMAT)
BJ's Wholesale Club (BJ)
Compuware Corp. (CPWR)
Deere & Company (DE)
Dick's Sporting Goods Inc. (DKS)
Fossil Inc. (FOSL)
Hewlett-Packard (HPQ)
Home Depot Inc. (HD)
Netease.com Inc. (NTES)
Saks Inc. (SKS)
Staples Inc. (SPLS)
Wal-Mart Stores Inc. (WMT)
Budd Foxx
Monday, May 15, 2006
Retracements and Fibonacci Numbers
What Are Fibonacci Numbers
The original problem Fibonacci investigated (in the year 1202) was about how fast rabbits could breed in ideal circumstances.
Suppose a newly-born pair of rabbits, one male, one female, are put in a field. Rabbits are able to mate at the age of one month so at the end of its second month a female can produce another pair of rabbits. Suppose our rabbits never die and the female always produces one new pair (one male, one female) every month from the second month on. The puzzle Fibonacci posed was...
BBH and PPH
CRACKING 'THE FIBONACCI CODE'
I just finished reading The DaVinci Code on vacation. I wanted to get through it before the butchered two-hour Hollywood version comes out in May. My wife warned me that Fibonacci makes a cameo appearance in the book, so I wasn't surprised to see the progression of numbers so familiar to modern traders:
1, 2, 3, 5, 8, 13, 21 and so on.
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks You Need To Know For Today
Netease (NTES) reports Monday. NTES's PowerRating is 7.
Agilent (A) also reports Monday; look for $0.37. A's PowerRating is 6.
Nam Tai Electronics (NTE) is scheduled to report on Monday; look for $0.24. NTE's PowerRating is 4.
Goldcorp (GG) is also scheduled to report on Monday; look for $0.25. GG's PowerRatingUpgrades and Downgrades
FCN, IPS, X, BER, BGFV, GPN, CNP, IRC, GPI, GILD, TQNT, and SLM
Downgraded this morning include:
AMKR, COST, and MOVI
Budd Foxx
Morning News
- Futures are pointing to another lower open today.
- NewYork manufacturing survey will be released today.
- AT&T Corp. and BellSouth Corp. facing billions of dollars in civil lawsuits for turning over calling records to the government. Verizon has been slapped with a $50 billion lawsuit.
- AstraZeneca to buy Cambridge Antibody Technologies for $1.3 billion.
- Boeing Co. has agreed to pay $615 million to end three years of investigations by the Justice Dept.
- Toyota Motor Company to buy back 27 million shares on Tuesday.
- Andersons Inc. board has approved a 2 for 1 stock split.
- Carter's Inc. also declares a 2 for 1 stock split.
- Crude oil pulling back to $70.37 per barrel.
- Wholesale Gasoline is $2.13 per gallon.
- Natural gas just above $6.00 per unit.
- Gold is really pulling back this morning. Current price is $690.00 per ounce.
Earnings
Acme Communications (ACME)
Adstar Inc. (ADST)
Agilent Technologies (A)
Calypte Biomedical Corp. (HIV)
Drugmax Inc. (DMAX)
GoldCorp (GG)
Jo-Ann Stores Inc. (JAS)
Langer (GAIT)
Novavax Inc. (NVAX)
Radica Games (RADA)
Ready Mix Inc. (RMX)
Target Corp. (TGT)
Budd Foxx
Sunday, May 14, 2006
Saturday, May 13, 2006
One-Week High-Volume Gainers
One-Week High-Volume Gainers
Trade What you See, Not What you Hear
Friday, May 12, 2006
ESRX
BRCM
Stocks Trading Up In Pre-Market
Budd Foxx
The Fed is done hiking rates
Oh, I know the Fed didn't say that in its May 10 announcement accompanying the latest interest-rate increase to 5% -- No. 16 since June 2004. But I'm pretty sure the Fed is done until its Dec. 12 meeting, meaning no action in June, August, September or October.
7 Stocks You Need To Know For Today
Adaptec (ADPT) beat by $0.05, ex-items. Revenues were $73.4 million, lower than estimates. ADPT's PowerRating is 5.
NVidia (NVDA) beat by a penny, ex-items. Revenues were $661.8 million, above estimates. NVDA's PowerRating is 7.
Expedia (EXPE) reported $0.15 vs. a consensus of $0.21, missing by $0.06. Q1 profit fell 51%. EXPE's PowerRating is 3.
Kohl's (KSS) beat by $0.02; revenues were in-line. The company guided higher for fiscal 2007, and now sees of $2.91 - $3.02. KSS's PowerRating is 6.
Upgrades and Downgrades
BBX, RGA, UBSI, CAKE, and TMO
Downgraded this morning include:
EXPE, THLD, WOOF, AG, TM, and CHTT
Budd Foxx
Morning News
- Futures are pointing to a lower open this morning.
- March trade gap to be released today.
- University of Michigan poll of May consumer sentiment also to be released today.
- Also to be released today is April's import price index.
- Bausch & Lomb Inc. plans to delay its quarterly filing.
- Best Buy Co. to buy majority stake in China's fourth largest appliance and electronics retailer.
- International Energy Agency cuts it view on global demand for oil.
- Iranian president now saying talks are possible over his countries nuclear program.
- Crude oil is $72.66 per barrel.
- Wholesale gasoline is currently $2.18 per gallon.
- Natural gas down to $6.52 per unit.
- Gold continues its move upward. The current price is $728.00 per ounce.
Earnings
Acusphere Inc. (ACUS)
Arctic Cat Inc. (ACAT)
ConAgro Energy (CNR)
DRS Technology (DRS)
IamGold Corp. (IAG)
Kintera Inc. (KNTA)
Mittal Steel Company (MT)
Multi Color Corp. (LABL)
Petrobras (PBR)
Zi Corp. (ZICA)
Budd Foxx
Thursday, May 11, 2006
RTI
PCU
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks You Need To Know For Today
American International Group (AIG) missed by $0.15. AIG's PowerRating is 5.
News Corp (NWS) beat by $.04 but revenues were less than expected. The company also announced a $6 billion stock buyback. NWS's PowerRating is 4.
Trimeris (TRMS) beat by $0.04 and also beat on revenues TRMS's PowerRating is 4.
Input/Output (IO) missed by $0.09. IO's PowerRating is 6.
Upgrades and Downgrades
QNTA, CYPB, ARXX, FD, OFC, JNJ, ODP, BAS, and IFX
Downgraded this morning include:
BRW, ENCY, and IMMR
Budd Foxx
Morning News
- Futures are up just a bit this morning pointing to a higher open.
- Natural Gas inventories to be released this morning.
- Weekly jobless claims due to be released today.
- Retail sales data will also be released today.
- Federal Reserve lifts interest rates as expected and left the door open for more rate hikes depending on data.
- U.S. Treasury has decided that China has not met the requirements to be named a currency manipulator.
- Novartis AG to build a $400 million vaccine plant here in the U.S. The plant will use latest technology to produce Avian Flu vaccine in case of a pandemic.
- GlaxoSmithKline granted injunction from court against animal rights activist.
- Crude oil is $72.41 per barrel.
- Wholesale gasoline up to $2.16 per gallon.
- Natural Gas remains just below $7.00 per unit.
- Gold continues its climb current price is $711.00 per ounce.
Earnings
51Job Inc. (JOBS)
Analog Devices Inc. (ADI)
Bema Gold Corp. (BGO)
Biovail Corp. (BVF)
Echostar Communications Corp. (DISH)
Expedia Inc. (EXPE)
GigaMedia Limited (GIGM)
JC Penney (JCP)
Kohl's (KSS)
Movie Gallery Inc. (MOVI)
Natural Gas Services Group Inc. (NGS)
Taseko Mines (TGB)
Top Tankers (TOPT)
Urban Outfitters (URBN)
WorldGate Communications (WGAT)
Budd Foxx
Wednesday, May 10, 2006
EXFO
RTI and TIE
AZPN
PCU
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks You Need To Know For Today
Cisco (CSCO) reported $0.29 including at $0.02 tax benefit; revenue was $7.3 billion, ahead of estimates. CSCO's PowerRating is 5.
Walt Disney (DIS) beat by $0.06; revenue was $8.03 billion, slightly lower than estimates. DIS's PowerRating is 5.
Baidu.com (BIDU) beat by a $0.04 on better than expected revenues of $16.9 million, and also guided higher for Q2.
Leap Wireless (LEAP) beat by $0.25 and beat on revenues. LEAP's PowerRating is 5.
Upgrades and Downgrades
FAL, N, AZPN, MET, PETM, YUM, BIDU, SOLD, LPNT, LFUS, USB, and BBG
Downgraded this morning include:
ECPG, MFLX, MGA, VIV, SRZ, WRNC, RAE, MDTL, NMHC, and GDW
Budd Foxx
Morning News
- Futures are pointing to a weaker open.
- The Federal Open Market Committee meeting taking place today. Another rate hike is expected to be annouced at 2:15 this afternoon.
- Weekly oil inventories to be released at 10:30 this morning.
- The Euro and Yen making new multi-month highs against the dollar.
- Walt Disney saw its profit rise 12% in latest quarter.
- Baidu.Com ripped last night in after hours trading on earnings report.
- Nintendo to launch new gaming system in the fourth quarter of this year.
- Gold at a price it hasn't seen since 1980. Current price is $704.00 per ounce.
- Crude Oil is $70.74 per barrel.
- Wholesale gasoline currently $2.04 per gallon.
- Natural gas is $6.63 per unit.
Earnings
American International Group (AIG)
Beacon Roofing Supply (BECN)
Boston Beer Company (SAM)
Comstock Homebuilding (CHCI)
DepoMed (DEPO)
Dobson Communications (DCEL)
Green Mountain Coffee (GMCR)
Internet Initiative Japan (IIJI)
Legg Mason (LM)
Nice Systems (NICE)
PetroHawk Energy Corp. (HAWK)
Spartan Stores (SPTN)
Teva Pharmaceuticals (TEVA)
Toyota Motor Corp. (TM)
Budd Foxx