Friday, June 30, 2006

Leading Indicators Of Behavioral Finance

Modern finance relies on two key assumptions: a rational homo sapien and a "fair price" being determined by financial markets. Behavioral finance does not serve as a contradiction to these tenets, but complements them by emphasizing the importance of human psychology and groupthink in financial markets. Behavioral finance points to the existence of market bubbles and manias as examples of cases where human behavior may be the missing link that explains such market anomalies. In this article we'll consider two leading behavioral indicators.

EZCORP Raises Earnings Guidance

AUSTIN, Texas, June 30 /PRNewswire-FirstCall/ -- EZCORP, Inc. (Nasdaq: EZPW - News) announced today that it expects earnings for its quarter ended June 30, 2006 to be in the range of $0.35 to $0.37 per share, significantly higher than its previously announced guidance of $0.20 to $0.23. During the quarter, the Company realized stronger than expected sales gross profit, primarily due to higher gold values, and a lower than expected earnings drag from new store openings. The Company opened 25 stores during the quarter, with most of these opening late in the quarter. The Company still plans to open more than 100 stores this fiscal year, pushing much of the anticipated new store earnings drag into the fiscal fourth quarter.

RIG

Transocean, Inc. is acting very well going into the close. Keep the oil stocks on the trading radar.

ASEI

American Science & Engineering, Inc. is acting well as the stock comes off of a bottom so put it on the radar for a possible reversal setup. Closing above $57.75 would be a good sign.

ASEI CHART

NYX

NYSE Group, Inc. continues to act well so put it on the trading radar.

ABLE

Able Energy, Inc. is acting well in early trading so put it on the trading radar.

VLO

Valero Energy Corp. continues to act well so put it on the trading radar.

CME

Chicago Merchantile Exchange Holdings has gone green so put it on the trading radar.

PAAS

Pan American Silver Corp. just made a new intraday high so put it on the trading radar.

BOT

CBOT Holdings, Inc. is acting very well today so put it on the trading radar.

OMNI

OMNI Energy Services Corp. is getting active here so put it on the trading radar.

PD

Phelps Dodge Corp. continues to act well so put it on the trading radar.

GLG

Glamis Gold Ltd. is acting well this morning so put it on the trading radar.

FCX

FreePort-McMorgan Copper and Gold has a good tone in early trading so put it on the radar.

TIE

Titanium Metals Corp. closing above $34 per share would be a very good sign for this stock.

NEM

Newmont Mining Corp. acted very well yesterday and has an improving chart so keep it on the radar today with gold trading up this morning.

Stocks Trading Up In Pre-Market

GM, GRMN, PAAS, ATI, RTI, GLG, PD, RIMM, RSAS, XOM, VRTX, TIE, DVN, CEPH, DNDN, SHPGY, CELG, FORM, ACUS, KRY, EZM, CHIC, NOK, GLD, BP, DNA, RTP, TOT, and ONXX

Budd Foxx

ONXX

Onyx Pharma was upgraded this morning by Banc of America so keep it on the radar today.

Mining Stocks to Watch

Here are some Mining Stocks with improving charts:

NXG, HL, EZM, SLW, PAAS and MNG



Upgrades and Downgrades

Upgraded this morning include:
PQE, RATE, WMGI, ONXX, HEW, FARO, CZN, and PNFP

Downgraded this morning include:
AHM, CA, RSAS, and SPM

Budd Foxx

7 Stocks you need to know for today

A Inc. (CA | charts | news | PowerRating) reported in-line results, and said it would delay the release of its 10-Q. The company also approved a new $2 billion stock repurchase plan.

Accenture
(ACN | charts | news | PowerRating) beat by $0.04.

Constellation Brands (STZ | charts | news | PowerRating) missed by a penny and guided lower for Q2.

Palm (PALM | charts | news | PowerRating) beat by $0.06, guided Q1 lower and fiscal 2007 higher.

Research in Motion (RIMM | charts | news | PowerRating) beat by $0.04 and beat on revenues..

Handleman Company (HDL | charts | news | PowerRating) reports before the open on Friday; look for $0.02.

Qiao Xing (XING | charts | news | PowerRating) also reports before the open on Friday.

Morning News

  • Futures are pointing to a slightly lower open this morning.
  • Data on personal incomes to be released at 8:30 this morning.
  • Consumer spending will also be released at 8:30 today.
  • June consumer sentiment will be released at 10:00 this morning.
  • Chicago PMI Index due for release just before 10:00 this morning.
  • Apple Computer reportedly will investigate stock option grants.
  • Microsoft to delay the release of its next version office suite of business software.
  • Research In Motion posted a 35% rise in sales, and meets high end expectations.
  • EMC Corp. to buy RSA Security for $2.1 billion.
  • Lunch with Warren Buffett sells for $620,000 All the the money from the auction will go to charity. Last year the winner paid just over $350,000 for the lunch.
  • Space shuttle preparing for launch over the weekend.
  • Serious flooding continues over parts of the northeast.
  • Crude Oil up to $73.54 per barrel.
  • Wholesale gasoline seeing prices it hasn't seen in about 9 months. Current price is $2.28 per gallon.
  • Natural gas just above $6.00 per unit.
  • Gold is moving to the upside. Current price is $602.00 per ounce.
Budd Foxx

Thursday, June 29, 2006

K

Kellogg Co. is golden stock picks free swing setup for Friday.

K CHART

TIE

Titanium Metals Corp. going above $34 per share would be a very good sign for this stock.

CELG

Celegene Corp. a stock we have mentioned many times continues to act well so put it on the radar.

GS

Goldman Sachs breaking through $150.50 would be a good sign for this stock.

ATI

Allegheny Tech, Inc. is acting well this afternoon so put it on the trading radar.

BSC

The Bear Sterns Companies, Inc. is acting well today so put it on the radar this afternoon.

GOOG

Google, Inc. closing above $410 per share would be a very good sign for this stock so keep it on the radar this afternoon.

PCU

Southern Copper Corp. continues to act well so keep it on your watchlist.

GMKT IPO Trading

GMarket, Inc. IPO is now trading so put it on the radar for the next few days.

Gold Stocks to Watch

Gold is currently trading up today so keep the gold and silver stocks on the radar:

GLG, GOLD, TRE, SLW, PAAS, NG, AUY, GLD, HL and NXG

BOT

CBOT Holdings, Inc. is acting very well today and just made a new intraday high so put it on the trading radar.

HANS

Hansen Natural Corp. continues to act well and looks to be getting dressed up so put it on the radar.

Top Performers

MERX / SNRR / THC / MTW / DUK / HRS

PD

Phelps Dodge Corp. continues to act well so put it on the trading radar.

GRMN

Garmin Ltd. broke out yesterday and continues to act well today so put it on the trading radar.

NYX

NYSE Group, Inc. has a good tone in early trading so put it on the radar.

OXY

Occidental Petroleum Corp. has a good tone in early trading so put it on the radar.

Railroad Stocks

The railroad stocks acted well yesterday so keep them on the radar today:

BNI, CSX, RAIL, NSC and UNP

Energy Stocks to Watch

ABLE, BDCO, EGY, FUEL, GEOI and OMNI

Stocks Trading Up In Pre-Market

EYE, THC, MTW, MERX, TIE, TNT, RSAS, VLO, MCD, UPL, SNDK, XING, HANS, THC, ELN, AAUK, GOOG, BIDU, XOM, GM, OMNI, GORX, and DUK

Budd Foxx

VLO

Valero Energy Corp. was upgraded this morning by Merrill Lynch so put it on the radar today. This stock also has a good looking chart.

VLO CHART

7 Stocks you need to know for today

3Com (COMS) beat by $0.03, ex-items. COMS's PowerRating is 4.

Corel (CREL) beat by $0.04.

Micron (MU) beat by $0.04, but revenues were less than expected. The company also said it does not expect the Lexar merger to increase fourth-quarter revenues very much. MU's PowerRating is 5.

Herman Miller (MLHR) was in-line at $0.38 but lowered guidance. MLHR's PowerRating is 5.

Paychex (PAYX) was in-line at $0.32; revenue was greater than expected. The company guided lower, and now sees $1.37 - $1.39 for fiscal 2007 vs. a $1.40 consensus. PAYX's PowerRating is 5.

Red Hat (RHAT) reported $0.07 and beat on revenues. RHAT's PowerRating is 5.

General Mills (GIS) reports before the open on Friday; look for $0.61. GIS's PowerRating is 5.

Upgrades and Downgrades

Upgraded this morning include:
IGT, AMP, TCO, AMMD, REG, NDAQ, MCD, VLO, and DUK

Downgraded this morning include:
BSX, AZR, S, and SUP

Budd Foxx

Morning News

  • Futures are up a bit this morning pointing to a slightly higher open.
  • The Fed is expected to raise rates today. A quarter point hike is expected, but investors will be looking for any key phrase changes in the statements released this afternoon.
  • Weekly jobless claims will be released at 8:30 this morning.
  • First quarter GDP numbers will also be released this morning.
  • Red Hat's quarterly results fall short of consensus estimates.
  • Google Inc. set to launch online payment service.
  • Elan Corp. stating the company has recieved approval for its drug Tysabri by the European Union.
  • BP unit charged with manipulating propane prices back in 2004.
  • Officials in Wilkes Barre Pennsylvania have ordered the evacuation of up to 200,00 people due to flooding and levee concerns. Other areas in the Northeast are also dealing with flooding conditions.
  • Crude oil up a bit this morning to $72.52 per barrel.
  • Wholesale gasoline keeps moving higher. Current price is $2.23 per gallon.
  • Natural gas has pulled back to just under $6.00 per unit.
  • Gold not seeing much change current price is $583.00 per ounce.
Budd Foxx

Earnings

A few of the companies reporting today.

Accenture (ACN)
American Greetings Corp. (AM)
ATI Technologies (ATYT)
Constellation Brands (STZ)
Faro Technologies (FARO)
General Mills Inc. (GIS)
Hooper Homes (HH)
Monsanto Company (MON)
Palm Inc. (PALM)
Research In Motion (RIMM)
The Greenbrier Companies (GBX)
Topps (TOPP)
Worthington Industries (WOR)

Budd Foxx

Wednesday, June 28, 2006

PD

Phelps Dodge Corp. is acting very well this afternoon so put it on the trading radar.

VSE

Verasun Energy a recent new issue is acting well today so put it on the radar this afternoon.

LVS

Las Vegas Sands Corp. is acting well today so put it on the radar this afternoon.

ANDE

The Andersons, Inc. splits tomorrow so keep it on the trading radar.

TXU

TXU Corp. has a good tone to it today so put it on the radar.

PEIX

Pacific Ethanol, Inc. has a decent tone to it today so put it on the radar this afternoon.

PCU

Southern Copper Corp. continues to act well so put it on the trading radar.

PENN

Penn National Gaming, Inc. is acting very well today so put it on the radar this afternoon.

GRMN

Garmin Ltd. is acting very well today and breaks out around $102 per share so keep it on the radar as it could get dressed up at the end of the quarter.

Oil Stocks to Watch

SUN, XOM, SU, RIG, OXY and DO

Oil Inventories

Energy Dept. just released the following.

Crude oil down 3.4 million barrels.
Gasoline saw a decline of 1 million barrels.
Distillates saw a build of 1.8 million barrels.

Budd Foxx

OXY

Occidental Petroleum Corp. is acting very well today so put it on the trading radar.

Railroad Stocks

NSC, BNI and UNP have a good tone to them today so put them on the radar.

CAT

Caterpillar, Inc. is acting well in early trading so put it on the radar.

GOOG

Google, Inc. is acting well in early trading so put it on the trading radar.

HANS

Hansen Natural Corp. has a good tone in early trading so put it on the radar.

Top Performers

OMNI / BEAV/ BOL / NXL / NOVC / KYPH / BEAV / CTRN

CELG

Celegene Corp. is acting well in early trading so put it on the radar.

OMNI Updates Second Quarter Guidance

OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI - News) announced today that it expects its 2006 second quarter fully diluted earnings per share to more than double the $0.10 fully diluted earnings per share reported for its 2006 first quarter. The Company also said its second quarter fully diluted earnings per share will be at least 40% higher than the average of Wall Street estimates -- $0.16 per fully diluted share.

Stocks Trading Up In Pre-Market

ESRX, SIRI, ERICY, BMET, BIDU, GOOG, PALM, ENMD, PAYX, CMVT, PEIX, TIVO, AAUK, STM, GLD, BP, CSCO, PAAS, NEM, NFLD, NTRI, and CENX

Budd Foxx

MRO

Marathon Oil acted very well yesterday and is now trading above the 50 dma which is considered bullish so put it on the radar.

MRO CHART

War stories from the trading desk

Things were finally starting to come together. After joining the Morgan Stanley Equity Derivative desk as a wet-nosed kid in 1991, I did the types of things that earn a young man stripes. I arrived each morning at 5 a.m. to "write up" positions for the head of the desk, Chuck Feldman, and spent the rest of my day clerking, quoting, fetching and running. It was modern day pledging minus the niceties of the college experience or the rewards of young co-eds. I didn't mind as I had my eye on the prize and knew that if I was gonna play, I had to pay.

7 Stocks you need to know for today

Nike (NKE) reported $1.39, ex-items, missing by a penny. NKE's PowerRating is 5.

BB&T (BBT) announced a 50 million share stock buyback. BBT's PowerRating is 6.

Biomet (BMET) reports before the open Wednesday; look for $0.46. BMET's PowerRating is 5.

ConAgra (CAG) also reports before the open Wednesday; look for $0.29. CAG's PowerRating is 5.

Wells Fargo (WFC) announced a 2:1 split, raised its quarterly dividend to $0.56 from $0.52 and announced a $25 million stock buyback. WFC's PowerRating is 6.

Upgrades and Downgrades

Upgraded this morning include:
MRX, LTD, HITK, ALEX, HEW, DNA, ESRX, BEAV, and HES

Downgraded this morning include:
SYXI, and MRVL

Budd Foxx

Morning News

  • Futures are pointing to a flat to slightly higher open.
  • Weekly oil inventories will be released this morning by the Energy Dept.
  • J.Crew to start trading on the New York Stock Exchange today under the symbol (JCG)
  • Merrill Lynch upping oil price forcast from 2006 to 2008.
  • Honda Motor Co. has chosen Indiana for its new facility.
  • General Motors Corp. predicts U.S. sales will decline this year. The company also stating they will bring back some incentive programs.
  • Diamler Chrysler to bring the "smart car" here to the U.S.
  • Crude oil remains just above $72.00 per barrel.
  • Wholesale gasoline remains high at $2.19 per gallon.
  • Natural gas just above $6.00 per unit.
  • Gold is currently $588.00 per ounce.
Budd Foxx

Earnings

A few of the companies reporting today.

Arrow International (ARRO)
Biomet Inc. (BMET)
ConAgra Foods (CAG)
Herman Miller (MLHR)
Image Entertainment (DISK)
Merix (MERX)
Micron Technology (MU)
Park Electrchemical (PKE)
Paychex (PAYX)
Red Hat Inc. (RHAT)
Robbins & Meyers (RBN)

Budd Foxx

Tuesday, June 27, 2006

SHLD

Sears Holding Corp. if the stock breaks $150 or the 50 dma it could go down and fill the gap.

XOM

Exxon Mobil Corp. is acting well today so put it on the radar. This stock is breaking out of the downtrend.

OII

Oceaneering International, Inc. broke out yesterday and continues to act well and could get dressed up at the end of the quarter so put it on the radar.

GRMN

Garmin, Ltd. has a good tone in early trading so put it on your watchlist. This stock breaks out around $102 per share.

CELG

Celgene Corp. has a decent tone in early trading so put it on the radar.

PCU

Southern Peru Copper Corp. continues to act well so put it on the trading radar.

PD

Phelps Dodge Corp. is bouncing after the news of the buyouts yesterday so put it on the radar.

Top Performers

RBNC / EXP / UVN / TRB / NOIZ / EVVV / OSUR / LRCX

SU

Suncor Energy, Inc. is acting very well in early trading so put it on the radar.

OXY

Occidental Petroleum Corp. closed above the 50 dma yesterday which is considered bullish. This stock continues to act well so put it on the radar.

NYX

NYSE Group, Inc. has a good tone in early trading so put it on the radar.

NTRI

Nutrisystems, Inc. is trading up in pre-market so put it on the radar today.

OMNI

Omni Energy Services Corp. is trading up in pre-market just a bit so put it on the radar today.

Stocks Trading Up In Pre-Market

XING, HWAY, OMNI, NTRI, ESCL, PALM, SYNM, BBC, DSCO, CRXL, LRCX, BIDU, UVN, TRB, INTC, USEY, DESC, and GM

Budd Foxx

Barchart Top 100 Stocks

Top 100 Stocks for Jun 26
Average Weighted Alpha is +182.49


Barchart Top 100

CPB

Campbell Soup Co. is golden stock picks free swing setup for today.

CPB CHART

OII CHART

This stock made a new 52 week high yesterday and is in blue skies territory so put it on the radar. The MACD is looking bullish as well.  Posted by Picasa

7 Stocks you need to know for today

CKE Restaurants (CKR) reported $0.23. CKR's PowerRating is 6

Nike (NKE) reports Tuesday after the close; look for $1.40. NKE's PowerRating is 5.

Healthways (HWAY) reported $0.37, including $0.11 in charges. HWAY's PowerRating is 4.

Apogee (APOG) reports before the open Tuesday; look for $0.17. APOG's PowerRating is 4.

Stride Rite (SRR) also reports before the open Tuesday; look for $0.37. SRR's PowerRating is 4.

Unifirst (UNF) is set to report tomorrow; look for $0.57. UNF's PowerRating is 4.

Boston Scientific (BSX) said it is recalling some pacemakers and defibrillators. BSX's PowerRating is 5.


Morning News

  • Futures are down just a bit this morning pointing to a slightly lower open.
  • June consumer confidence to be released at 10:00 this morning.
  • Existing home sales will also be released at 10:00 this morning.
  • General Motors saying deals are in place for up to 35,000 workers to leave the company.
  • Delphi Corp. saying 12,000 workers have accepted early retirements.
  • Cephalon stating its drug Gabitril did not show effectiveness in treating anxiety disorder.
  • General Mills increasing quarterly dividend to 35 cents per share.
  • Barr Pharmaceuticals to buy drugmaker Pliva for $2.2 billion.
  • Univision Communications has agreed to sell the company for $12.3 billion.
  • Crude oil on the move current price is $72.20 per barrel.
  • Wholesale gasoline has jumped up to $2.18 per gallon.
  • Natural gas remains at $6.00 per unit.
  • Gold is up just a bit to $591.00 per ounce.
Budd Foxx

Earnings

A short list of companies set to report today.

Apogee Enterprises Inc. (APOG)
H.B. Fuller Company (FUL)
Nike (NKE)
Nonamerican Steel (TONS)
Stride Rite Corp. (SRR)
Unifirst (UNF)

Budd Foxx

Monday, June 26, 2006

CBEY Blue Skies

This stock broke out today and made a new 52 week high so put it on the radar for Tuesday. The volume was good and the MACD is looking bullish. Posted by Picasa

NYX

NYSE Group, Inc. is acting very well today so put it on the radar. If the stock is closing strong it could be momentum.

PCU

Southern Copper Corp. is acting very well this afternoon so put it on the radar.

OXY

Occidental Petroleum Corp. is acting well today so put it on the radar this afternoon.

THO

Thor Industries, Inc. just announced a stock buy back so put it on the radar today.

THO News

SIRI

Sirius Satellite Radio, Inc. is starting to get active here so put it on the trading radar. This stock has an improving chart and is a possible swing or position trade.

LEN

Lennar Corp. is strong today off the housing numbers so put it on the radar.

ALXN

Alexion Pharma. Inc. is the trader hr weekly swing setup for today.


ALXN CHART

BA

The Boeing Company just made a new intraday high and we still believe this is a stock that could get dressed up a little bit at the end of the quarter so put it on the radar.

NVAX

Novavax, Inc. is acting well in early trading so put it on the trading radar.

OSTK

Overstock.com, Inc. was just upgraded intraday so put it on the radar. They have a $35 price target on the stock.

CEPH

Cephalon, Inc. has positive news so put it on the trading radar.

IIIN

Insteel Industries, Inc. is acting very well in early trading so put it on the radar.

GRMN

Garmin, Ltd. this stock breaks out around $102 per share and could get dressed up at the end of the quarter so put it on the radar this week.

GS

Goldman Sachs has a decent tone in early trading so put it on the radar.

CME

Chicago Merchantile Exchange continues to act well so put it on the trading radar.

GOOG

Google, Inc. is once again acting well in early trading so put it on the radar.

Top Performers

POZN / LPL / SMRA / WEBX / TS / INTN / DMGI

CELG

Celgene Corp. continues to act well so put it on the trading radar.

Stocks Trading Up In Pre-Market

CELG, FNSR, PFE, QCOM, ENDP, GOOG, CME, GRMN, OSTK, XING, IIIN, FMCN, AAPL, YHOO, EZM, NXG, OMNI, MSFT, NOK, SHPGY, KMG, USEY, and AAUK

Budd Foxx

Stocks to Watch

Among the companies whose share are expected to see active trade in Monday's session are Walgreen Co., Lennar Corp. and Steelcase Inc.


Stocks to Watch

Upgrades and Downgrades

Upgraded this morning include:
THOR, MT, ENDP, FMER, QCOM, MHS, MCK, PVH, ENDP, BCH, KND, PD, PNY, and CYN

Downgraded this morning include:
UCBH, ZMH, and SEPR

Budd Foxx

Morning News

  • Futures are up just a bit this morning pointing to a slightly higher open.
  • The Federal Open Market Committee will be meeting on Wednesday and Thursday this week.
  • May new home sales to be released at 10:00 this morning.
  • Mittal Steel wins pursuit for Arcelor with $33.6 billion bid.
  • Pfizer Inc. to sell its consumer healthcare business to Johnson & Johnson for $16.6 billion.
  • Phelps Dodge to buy Inco Ltd. and Falconbridge Ltd.
  • Warren Buffet to begin giving alot of his fortune to the Bill & Melinda Gates foundation.
  • The Lundberg Survey of 7,000 gas stations points to a drop of 4.5 cents in the price of gasoline. The average price of a gallon of unleaded gas is $2.89 per gallon.
  • Anheuser Busch signs Superbowl deal with NBC.
  • Crude Oil is $70.72 per barrel.
  • Wholesale gasoline currently $2.13 per gallon.
  • Natural gas back down to $6.10 per unit.
  • Gold just above $587.00 per ounce.
Budd Foxx

Earnings

Just a few of the companies who will report today.

CHC Helicopter (FLI)
CKE Restaurants (CKR)
Culp Inc. (CFI)
Healthways (HWAY)
Lennar Corp. (LEN)
Lexington Corporate Properties Trust (LXP)
Steelcase Inc. (SCS)
Walgreen (WAG)

Budd Foxx

Sunday, June 25, 2006

EZPW CHART

This stock has an improving chart and is listed as the #1 stock on the IBD top 100 this week so put it on the radar. Posted by Picasa

7 Stocks you need to know for Monday


Lennar (LEN) reports before the open on Monday; look for $1.86. LEN's PowerRating is 4.

Steelcase (SCS) also reports before the open on Monday; look for $0.14. SCS's PowerRating is 5.

The Tail Wind Fund disclosed a 9.9% stake in Netsol (NTWK).

Walgreen (WAG) is set to report earnings Monday morning; look for $0.44. WAG's PowerRating is 4.

CKE Restaurants (CKR) is also set to report earnings on Monday; look for $0.21. CKR's PowerRating is 6.

Steiner Leisure (STNR) announced a new one million share stock buyback program. STNR's PowerRating is 6.

Under the terms of an agreement with Merck, Dr. Reddy's (RDY) launched a generic version of Zocor. RDY's PowerRating is 3.


OGE

OGE Energy Corp. is golden stock picks free swing setup for Monday.


OGE CHART

Saturday, June 24, 2006

CLDN Blue Skies

Celadon Group, Inc. made a new 52 week high on Friday and is now in blue skies territory so put it on the radar this week.

CLDN CHART

Is Pressing The Trade Just Pressing Your Luck?

Almost everyone who has ever traded has scaled down into a trade at least once in his or her career. This very common mistake stems from the need to be proved right. The thinking usually goes like this: if you liked the EUR/USD long at 1.2000, you'll love it even better at 1.1900 - it's a better bargain! Of course, the market eventually teaches all traders the folly of such thinking. There are situations in which markets simply do not turn around, and profits accumulated through years of trading can disappear within days. Follow the scale down strategy long enough, and you will eventually go broke. Scaling down can be a valid strategy, but only when it is practiced with inviolable discipline - which, unfortunately, most traders do not possess. Far rarer than the scaling down strategy, yet potentially far more lucrative, is its exact opposite - scaling up. Among traders, scaling up is also known as "pressing the trade". In this article, we'll explain the strategy of scaling up, show you an example of how it's done and discuss the risks that come with this approach.

Friday, June 23, 2006

CTRP

Ctrip.com International Ltd. is acting very well today so put it on the radar this afternoon. This stock has broken out and made a new 52 week high.

RACK

Rackable Systems, Inc. is acting very well so put it on the radar this afternoon.

CHK

Chesapeake Energy Corp. is acting very well today so put it on the trading radar.

HMSY CHART

This stock is acting well today and breaks out around $10.90 so put it on the radar for a possible swing trade.  Posted by Picasa

RIG

Transocean, Inc. is acting well today so put it on the trading radar. RBC Capital Markets (RBCM) put a $128 target on this stock.

RMBS

Rambus, Inc. is acting very well in early trading so put it on the radar.

EZM

Eurozinc Mining Corp. has an improving chart so put it on the trading radar.

NXG

Northgate Minerals Corp. was upgraded this morning by UBS so put it on the radar for a possible swing or position trade.

CELG Blue Skies

Celgene Corp. just made a new 52 week high so put it on the trading radar.

BOOM

Dynamic Materials Corp. has a decent tone in early trading so put it on the radar.

OXY

Occidental Petroleum Corp. is acting very well in early trading so put it on the radar.

Top Performers

PPCO / CPAK / WGR / KMG / CNX / SWN / WMB / ENZ

KMG

Kerr-McGee Corp. is ripping this morning so put it on the radar.

AAPL

Apple Computer, Inc. is acting well in early trading so put it on the radar.

CME

Chicago Merchantile Exchange Holdings has a decent tone in early trading so put it on the radar.

GOOG

Google, Inc. has a good tone in early trading so put it on the radar.

GRMN

Garmin Ltd. breaks out around $102 per share so put it on the trading radar.

Stocks Trading Up In Pre-Market

CI, GOOG, AAPL, PPCO, ENDP, ACGY, IIJI, SEPR, HOFF, HGSI,
PEIX, ODSY, ORCL, NXG, KMG, WGR, XLE, DVN, SGY, and VLO

OMNI Blue Skies

Yesterday this stock broke out and made a new 52 week high and could have continued momentum today so put it on the radar.  Posted by Picasa

PD

Phelps Dodge Corp. was upgraded this morning by UBS so put it on the radar today.

PD CHART

BA sitting on the 50 DMA

The Boeing Company is sitting right on the 50 dma. This is a stock that could get dressed up at the end of the quarter so keep it on your watchlist.


BA CHART

7 Stocks you need to know for Today

Oracle (ORCL) reported $0.29, non-GAAP, beating by a penny. ORCL's PowerRating is 4.

Tudor Investment Corp. disclosed a 4.9% stake in OSI Pharmaceuticals (OSIP). OSIP's PowerRating is 5.

Smart Modular (SMOD) beat by a penny and guided higher.

Solectron (SLR) was in-line at $0.04. SLR's PowerRating is 4.

Synnex (SNX) beat by $0.02 and beat on revenues.

Blackboard (BBBB) raised guidance for Q2 and full year 2006. BBBB's PowerRating is 4.

Upgrades and Downgrades

Upgraded this morning include:
CACH, MGAM, NXG, PD, RDSA, STO, CBB, ROP, and ODSY

Downgraded this morning include:
NBIX, QCOM, VRNT, PXPL, UB, and CMA

Budd Foxx

Morning News

  • Futures are up just a bit here this morning pointing to a slightly higher open.
  • Data on durable goods orders to be released today.
  • 7 people in Miami have been arrested. Police believe the group was in early stages of preparing terror plot. The Sears Tower, and a FBI office in Miami were to be potential targets.
  • Merck's patents on Zocor will expire today.
  • Six Flags considering selling 6 properties the companies ownes.
  • Hitachi Ltd & General Electric to build two nuclear reactors in Texas for NRG Energy Inc.
  • General Motors could be forced to close a car factory in Portugal unless the government finds a way to make the facility more cost effective.
  • New York politician has dropped federal lawsuit which claimed Google Inc. profits from links to child porn.
  • United States eliminated from the World Cup yesterday.
  • Crude Oil is $70.65 per barrel.
  • Wholesale gasoline is $2.11 per gallon.
  • Natural gas back down to $6.41 per unit.
  • Gold pulling back to $583.00 per ounce.
Budd Foxx

Thursday, June 22, 2006

CELG

Celgene Corp. has broken out today and made a new 52 week high so put it on the radar as it could be momentum if the stock is closing strong.

ILMN

Illumnia, Inc. is acting very well this afternoon going into the close and could be momentum so put it on the radar.

RIG

TransOcean, Inc. just made a new intraday high so put it on the radar this afternoon.

MNG

Miramar Mining Corp. is acting well today so put it on the trading radar.

PEIX

Pacific Ethanol, Inc. is acting well today so put it on the trading radar.

GRMN

Garmin Ltd. continues to have a decent tone to it so put it on the trading radar.

HANS

Hansen Natural Corp. continues to act well so put it on the trading radar.

PNRA

Panera Bread Company is acting very well in early trading so put it on the radar.

AAPL

Apple Computer, Inc. has a good tone in early trading so put it on the radar as the stock is very oversold here.

GNBT

Generex Biotech Corp. has a good tone in early trading so put it on the radar.

HOLX

Hologic, Inc. is very active in pre-market this morning so put it on the radar today.

CELG CHART

This stock breaks out above $45 per share so put it on the radar this week for a potential swing trade.  Posted by Picasa

JCOM CHART

Nice move on this stock yesterday on good volume so put it on the radar.  Posted by Picasa

Stocks Trading Up In Pre-Market

NICE, GOOG, TIE, CCDC, RIMM, ADBE, PCNTF, PEIX, COGO, NOVL, HGSI, RTSX, GIGM, NFLX, RMBS, RIG, PNRA, OMNI, TEVA, TIE, ENCY, and NILE

Budd Foxx

GOOG CHART

This security broke resistance yesterday and moved above the 50 dma which is bullish. GOOG could be dressed up at the end of the quarter so put it on the radar for the next few weeks. Posted by Picasa

IIIN CHART

This stock moved above the 50 dma yesterday on good volume so put it on the radar for a possible swing setup. Posted by Picasa

Upgrades and Downgrades

Upgraded this morning include:
PNRA, PWR, WIBC, NILE, NFLX, ABFS, TKLC, and GIS

Downgraded this morning include:
S, TEVA, BBBY, STFC, WSTC, and RNWK

Budd Foxx

7 Stocks you need to know for today

Bed Bath & Beyond (BBBY) was in-line at $0.35. BBBY's PowerRating is 4.

Jabil Circuit (JBL) beat by a penny and guided higher. JBL's PowerRating is 5.

The Finish Line (FINL) was in-line at $0.09. FINL's PowerRating is 5.

Xyratex (XRTX) missed by a $0.02 but guided higher. XRTX's PowerRating is 6.

Books A Million (BAMM) authorized a $10 million stock repurchase.

Morning News

  • Futures are pointing to a slightly higher open this morning.
  • Leading indicators for May to be released at 10:00 this morning.
  • Weekly jobless claims will also be released this morning.
  • Natural gas inventories to be released by the Energy Dept. at 10:30 this morning.
  • U.S. and British agencies investigating British Airways for alleged price fixing.
  • Ford Motor Co. reportedly stating the company is expecting to reach goals set for 2008.
  • KFC has opened its first restaurant in Vietnam. Plans more openings in the future.
  • Sanyo and Nokia have dropped plans for a mobile phone venture.
  • House committee approves offshore drilling plan. The legislation would also allow states to stop drilling close to their coastlines.
  • Crude oil back up to $70.95 per barrel.
  • Wholesale gasoline is $2.08 per gallon.
  • Natural gas remains around $6.50 per unit.
  • Gold has made it back to $594.00 per ounce.
Budd Foxx

Earnings

A few of the companies set to report today.

Del Monte Foods (DLM)
Family Dollar (FDO)
Gerber Scientific (GRB)
Intervoice (INTV)
Isle of Capri Casinos (ISLE)
Oracle (ORCL)
Rite Aid Corp. (RAD)
Smart Modular Technologies (SMOD)
Solectron (SLR)
Synnex Corp. (SNX)
Tektronic Inc. (TEK)

Budd Foxx

Wednesday, June 21, 2006

Adobe-Google Sign Distribution Deal

SAN JOSE, Calif. (AP) -- Publishing software maker Adobe Systems Inc. said Wednesday it signed a multiyear distribution agreement with Web search engine Google Inc.

Under the agreement, Adobe will distribute Google Toolbar with various Adobe products for the life of the agreement.

Adobe said the Google Toolbar will be available immediately with free downloads of Adobe's digital media player, Macromedia Shockwave Player.

Terms were not disclosed. Adobe said revenue from the deal was factored into the full-year financial forecasts on June 15.

Adobe shares rose 82 cents to $30.70 in after-hours trading. Google shares gained 46 cents at $402.59 in the extended session.


GRMN

Garmin Ltd. is acting very well today so put it on the radar.

WGAT

Worldgate Communications, Inc. is acting very well this afternoon so put it on the radar as they announced some news.

ICE

Intercontinental Exchange, Inc. has a very good tone to it this afternoon so put it on the radar.

NYX

NYSE Group, Inc. is acting very well today so put it on the radar. If the stock is closing strong it could be momentum.

HANS

Hansen Natural Corp. has a good tone to it today so put it on the radar this afternoon.

CAT

Caterpillar, Inc. is acting very well today so put it on the radar as it could be momentum.

GLG

Glamis Gold Ltd. has a very good tone to it today so put it on the radar.

BIDU

Baidu.com is acting very well today so put it on the radar. If the stock is closing strong it could be momentum.

ATI

Allegheny Tech, Inc. is acting very well today so put it on the radar.

CME

Chicago Merchantile Exchange is acting very well today and could be dressed up at the end of the quarter so put it on the radar.

Oil Inventories

Crude inventories up 1.4 million barrels,

Gasoline up 300,000 barrels,

Distillates up 1.7 million barrels

BNI

Burlington Northern Santa Fe Corp. is acting well today so put it on the radar.

Top Performers

PFACP / JOSB / IIIN / ATHR / XNL

CUP / GLG / LBY / TIE

PD

Phelps Dodge Corp. has a good tone in early trading so put it on the radar.

FDX

Fedex Corp. reported good earnings this morning and the stock is trading up on the news so put it on the radar this week for a possible swing setup. This stock could get dressed up at the end of the quarter.

GOOG

Google, Inc. is acting very well today and is another stock that could be dressed up at the end of the quarter. Breaking through $395-396 would be a very good sign on this stock.

BA

The Boeing Company has a good tone in early trading so put it on the radar. This is a stock that could get dressed up at the end of the quarter so put it on the radar.

GLBC

Global Crossing Ltd. is trading up in pre-market so put it on the radar today.

Financial Services Stocks to Watch

With Morgan Stanley reporting good earnings keep an eye on this sector today:

MS, LEH, GS, RJF and BSC

Stocks Trading Up In Pre-Market

FDX, GOOG, ERTS, SNIC, FSII, FONR, MS, AAPL, DSCO, PHG, ERICY, JOSB, CRXL, GS, MOGN, BSC, STEM, and ACXM

Budd Foxx

Morgan Stanley earnings more than double

U.S. investment bank Morgan Stanley (NYSE:MS - News) on Wednesday said its second-quarter earnings more than doubled, trouncing expectations amid strong increases in underwriting and trading revenue.

7 Stocks you need to know for today

Darden Restaurants (DRI) beat by $0.01 and raised guidance. DRI's PowerRating is 4.

Christopher & Banks (CBK) beat by $0.02 and guided lower. CBK's PowerRating is 5.

FedEx (FDX) reports before the open Wednesday; look for $1.77. FDX's PowerRating is 5.

FSI International (FSII) missed by a penny, beat on revenues, and guided higher.

Morgan Stanley (MS) also reports before the open Wednesday; look for $1.45. MS's PowerRating is 4.

Caterpillar (CAT) said sales for the first three months of the year were strong. CAT's PowerRating is 5.

Morgan Stanley initiated Jetblue (JBLU) with an Overweight rating. JBLU's PowerRating is 4.

Upgrades and Downgrades

Upgraded this morning include:
TWTC, CCE, FDRY, ISIL, PTRY, RFMD,REV, ABB, JOSB, PEP, LTM, KR, AEA, CVH, AMLN, and NUHC

Downgraded this morning include:
BMHC, ATYT, and JPM

Budd Foxx

Morning News

  • Futures are pointing to a lower open this morning.
  • Energy Dept. to release weekly oil inventories this morning at 10:30.
  • Weekly mortgage applications will be released today.
  • Ford Motor Company reportedly may not meet its goal of returning to profit in North America by 2008.
  • Japan to lift ban on U.S. beef imports.
  • Anheuser Busch reportedly may enter the liquor industry.
  • North Korea wanting direct talks with the U.S. over its plan to test long range missile.
  • The Miami Heat won the NBA finals last night.
  • Crude oil is $69.24 per barrel.
  • Wholesale gasoline is $2.00 per gallon.
  • Natural gas $6.57 per unit.
  • Gold is currently $578.00 per ounce.
Budd Foxx

Earnings

A few of the companies reporting today.

Bed Bath & Beyond Inc. (BBBY)
Clarcor Inc. (CLC)
Darden Restaurants (DRI)
FedEx (FDX)
Finish Line (FINL)
Jabil Circuit (JBL)
Morgan Stanley (MS)
Paincare Holdings Inc. (PRZ)

Budd Foxx

Tuesday, June 20, 2006

MNG

Miramar Mining Corp. is acting well today so put it on the radar.

BSC

Bear Sterns Companies, Inc. has a good tone to it so put it on the radar this afternoon.

GS

Goldman Sachs Group, Inc. has a decent tone to it today so put it on the radar this afternoon.

UNH CHART

This stock has a possible reverse head and shoulders pattern forming which is normally bullish so keep it on the radar for a possible position trade.  Posted by Picasa

BA

The Boeing Company with the end of the quarter coming up BA could be a stock that gets dressed up toward the end of the month so put it on the radar for a possible swing trade.

SEPR

Sepracor, Inc. Deutsche Bank said that recent market speculation is suggesting that SEPR could be a takeover target and that PFE & SGP have been mentioned as potential suitors. The firm said that while none of the companies have commented on the speculation, a $65-$70 per share price for SEPR would be practical.

GG

Gold Corp. Inc. is making highs of the day here so keep this stock on your trading radar.

Budd Foxx

BOOM

Dynamic Materials Corp. seems to be heating up just a bit here so keep this stock on that trading radar.

Budd Foxx

ARII

American Railcar Industries Inc. making new highs on the day here so keep this stock on that watchlist.

Budd Foxx

CAT

Caterpillar, Inc. is acting well in early trading so put it on the radar.

TIE

Titanium Metals Corp. just made a new intraday high so put it on the radar.

ADBE

Adobe Systems, Inc. just made a new intraday high so put it on the radar.

CME

Chicago Merchantile Exchange Holdings just made a new intraday high so put it on the radar.

GNBT

Generex Biotech Corp. has a good tone in early trading so put it on the radar.

Top Performers

XING/PFACP/NOVC/JOBS/IIIN/QLTY/ZGEN

IMCL

Imclone Systems, Inc. has a decent tone in early trading so put it on the radar.

NSC

Norfolk Southern Corp. has a decent tone in early trading so put it on the radar.

XING

HUIZHOU, Guangdong, China, June 20 /Xinhua-PRNewswire-FirstCall/ -- Qiao Xing Universal Telephone, Inc. (Nasdaq: XING - News) announced that today it files its 2005 annual report on Form 20-F with SEC. For the fiscal year 2005, the Company recorded:

Stocks Trading Up In Pre-Market

AAUK, HGSI, JBLU, AMAT, GNBT, USEY, GLD, BHP, PEIX, RATE, POZN, THQI, WIRE, HOM, IMCL, GOOG, CDY, CHK, RTP, INTC, and COST

Budd Foxx

7 Stocks You Need To Know For Today

Kroger (KR) reports before the open on Tuesday; look for $0.42. KR's PowerRating is 4.

Apollo Group (APOL) is also scheduled to report Tuesday morning; look for $0.74. APOL's PowerRating is 4.

Vonage (VG) said it is being sued by two subsidiaries of Verizon over VOIP tehcnology.

Blum Capital Partners raised its stake in Avid Technology (AVID) to 11% from 9.9%. AVID's PowerRating is 4.

Lifeway Foods (LWAY) approved a 2:1 stock split.

Upgrades and Downgrades

Upgraded this morning include:
VASC, ALAB, TTWO, THQI, ATVI, ERTS, MTSN, COST, PTIE, ISIL, BMI, BRKS, AMAT, and RLI

Downgraded this morning include:
NLN, SEIC, CBH, SSP, IPCC, and BLDR

Budd Foxx

Morning News

  • Futures are pointing to a flat open this morning.
  • May housing starts to be released at 8:30 this morning along with building permit figures.
  • McDonalds Corp. to team up with Sinopec to build drive through restaurants in China.
  • Ford Motor Co. expects 10,000 to 11,000 hourly workers in the U.S. to accept early retirement or buyout offers.
  • General Electric to pay $390 million to buy Biacore International.
  • Japan has ordered pullout of its troops in Iraq.
  • Japan reportedly closer to lifting a ban on U.S. beef imports.
  • Target Corp. expects same store sales for the month of June to come in at the upper half of its forcast.
  • The Carolina Hurricanes are the Stanley Cup champions.
  • Crude Oil is $69.73 per barrel.
  • Wholesale gasoline is $2.02 per gallon.
  • Natural gas pulling back to $6.72 per unit.
  • Gold currently $574.00 per ounce.
Budd Foxx

Earnings

A few of the companies reporting today.

Actuant Corp. (ATU)
Apollo Group (APOL)
Christopher & Banks (CBK)
Commercial Metals Company (CMC)
FactSet Research Systems (FDS)
FSI International (FSII)
Golf Gallaxy Inc. (GGXY)
J.M. Smucker Company (SJM)
Qiao Xing Universal Telephone (XING)
Sonic Corp. (SONC)
The Kroger Company (KR)

Budd Foxx

Monday, June 19, 2006

3 red flags signal a troubled stock

Plantronics shareholders recently saw its stock sink more than 30% after the headset maker warned that its results for the June quarter would fall short of analysts' forecasts.

But the bad news needn't have been a surprise. Anyone who checked Plantronics' (PLT, news, msgs) December quarterly report for three easily detected "red flags" would have known that continuing to hold the stock was risky business.

GRMN

Garmin Ltd. has a good tone to it this afternoon so put it on the radar.

SEPR

Sepracor, Inc. is acting very well this afternoon so put it on the radar. Takeover rumors are swirling on this stock. If the stock is closing strong it could be momentum.

AAPL

Apple Computer, Inc. has a decent tone to it today so put it on the radar this afternoon.

GS

Goldman Sachs Group, Inc. has a decent tone to it today so put it on the trading radar this afternoon. If the stock is closing strong it could be momentum.

The Indexes by Leavitt Brothers

Here is some technical analysis on the indexes by Leavitt Brothers

TA on Indexes

MNST

Monster Worldwide, Inc. is acting well today so put it on the radar.

GOOG

Google, Inc. is acting well in early trading so put it on the radar this week. Breaking short term resistance around $395.50 would be a very good sign.

UARM

Under Armor, Inc. is acting very well in early trading so put it on the radar today.

Top Performers

POZN / MNST / PEIX / KMX / SI / MWA / ACV / MLM / GHLT

CAT

Caterpillar, Inc. has a decent tone to it in early trading so put it on the radar.

SHLD

Sears Holdings Corp. has a decent tone in early trading so put it on the radar.

BA

The Boeing Company continues to have a good tone to it so put it on the radar.

Stocks Trading Up In Pre-Market

BA, INTC, NOK, CC, AAPL, BBY, FMCN, HANS, RMBS, PARL, AMGN, SIRI, GNTA, AAUK, CUP, USEY, NVAX, NTRI, BRCM, FSII, ALGN, and NTES

Budd Foxx

7 Stocks you need to know for today

Intel (INTC) upgraded at UBS to buy from neutral. INTC's PowerRating is a 3.

CarMax (KMX) beat by $0.12 and rearrifrmed guidance. KMX's PowerRating is a 4.

Circuit City (CC) beat by $0.02 and reaffirmed fiscal 2007 guidance. CC's PowerRating is 5.

Proctor&Gamble (PG) was upgraded at Lehman from overweight to equal weight. PG's PowerRating is 4

Oracle (ORCL) may be in focus after giving excellent preliminary results on Friday. ORCL's PowerRating is 5.

Upgrades and Downgrades

Upgraded this morning include:
PG, AQNT, MLM, ENS, VMC, GNW, SAPE, AHR, MNST, CPO, FFIV, BEE, INTC, and PLAB

Downgraded this morning include:
MIK, ORBK, and LBY

Budd Foxx

Morning News

  • Futures are up slightly this morning pointing to a higher open.
  • Circuit City Stores Inc. will post earnings results today.
  • Coca Cola Company renews and has plans to expand its partnership with the National Basketball Association.
  • Toyota Motor Corp. looking in Tennessee to build a vehicle assembly plant.
  • Nokia Corp. and Siemens AG to merge equipment arms. The companies stating they may cut up to 9,000 jobs.
  • North Korea reportedly plans to test a long range missile which is believed to have the capability of reaching the United States.
  • Over the weekend Geoff Ogilvy won the U.S. Open with a score of 5 over par.
  • Crude oil pulling back current price is $69.00 per barrel.
  • Wholesale gasoline is $2.00 per gallon.
  • Natural gas has pulled back just below $7.00 per unit.
  • Gold is currently $571.00 per ounce.
Budd Foxx

Sunday, June 18, 2006

3 Week Free Trial

The daytrading stock picks (all liquid Nasdaq names) are sent out to members each night -- to celebrate our opening we are offering a no credit card -no obligation 3 week trial of our services so people can take a peek for themselves.

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FGP

Ferrell Gas Partners LP is golden stock picks free swing setup for Monday.

Saturday, June 17, 2006

What I Learned Trading in 2005

How does a trader make money in the markets? By learning from his mistakes. Read how one did it.

Experience allows traders to recognize a mistake when they make it again. That’s an old joke, but it holds a grain of truth. Successful traders look at their trades to find out what needs improving and what doesn’t. The following is an analysis of the trades I made in 2005, what I did wrong and what I discovered.


What I Learned Trading in 2005

What Can Investors Learn From Traders?

The first rule of investing is buy low and sell high. After all, that's the only way you can actually make any money in the market. Nearly all investors would agree with that idea. But there's another group of market participants that are trying to do the exact same thing - they're just trying to do it in a different time frame and with a different methodology. They're called traders. Generally speaking, investors tend to scoff at traders. However, wise investors may want to take a closer look at some things that traders do well. In this article, we'll give you a rundown of some of the skills that traders use that investors would do well to emulate. (To learn more, see Day Trading: An Introduction.)

Friday, June 16, 2006

NEW

New Century Financial Corp. has a good tone to it today so put it on the radar this afternoon.

MATK

Marteck Biosciences Corp. is acting very well today so put it on the radar this afternoon.

ADBE

Adobe Systems, Inc. is acting well today so put it on the trading radar.

ICE

Intercontinental Exchange, Inc. is acting well in early trading so put it on the radar.

Top Performers

ORCL / FMCN / MERC / BSX /TLB / PLA / NDN / CUP / SWB

BIDU

Baidu.com has a decent tone to it this morning so put it on the radar.

CCJ

Cameco Corp. is acting well in early trading so put it on the radar.

BA

The Boeing Company continues to act well so put it on the radar.

Stocks Trading Up In Pre-Market

OII, ORCL, CUP, ACAM, EZM, BOBJ, HOM, CMGI, FMCN, TIVO, IRIS, EBAY, NXG, BSX, TTM, KRY, GG, FCX, DXPE, UPL, and UAUA

Budd Foxx

OII CHART

This stock will split next week so put it on the radar today.  Posted by Picasa

7 Stocks you need to know for today

Microsoft (MSFT) said that, effective July 2008, Bill Gates will no longer have a day-to-day role in the company. Gates plans to spend more time with the Bill & Melinda Gates Foundation. MSFT's PowerRating is 4.

Adobe (ADBE) beat by a penny, but missed on revenues; the company also guided lower for Q3. ADBE's PowerRating is 4.

KB Home (KBH) beat by $0.03, but revenues were less than expected. KBH's PowerRating is 6.

Winnebago (WGO) reports before the open on Friday; look for $0.38. WGO's PowerRating is 5.

Carnival (CCL) also reports before the open on Friday; look for $0.44. CCL's PowerRating is 4.

Upgrades and Downgrades

Upgraded this morning include:
ASCA, CIEN, ADBE, INTC, NDN, IDC, BOBJ, PLA, GVHR, VFC, IGT, and EBAY

Downgraded this morning include:
SCT, HET, and NBIX

Budd Foxx

Morning News

  • Futures are down just a bit this morning pointing to a slightly lower open.
  • Yesterday Ben Bernanke stated once again that energy and commodity prices could account for the pickup in core inflation.
  • Bill Gates to step down from his day to day roll at Microsoft. He plans to spend more time at the Bill Gates and Melinda Gates foundation.
  • Oracle raising its fiscal fourth quarter sales forcast.
  • Boston Scientific Corp. stating that a court in Delaware has upheld a 2005 verdict in a patent dispute case with Johnson & Johnson.
  • Whole Foods Market to stop selling live lobsters and crabs. The company is worried about humane treatment, and quakity of life for the animals.
  • The Dow closed back above the 11,000 yesterday after nearly gaining 200 points on the day.
  • Crude Oil is $69.70 per barrel.
  • Wholesale gasoline currently $2.05 per gallon.
  • Natural gas making a move current price is $7.18 per unit.
  • Gold moving higher current price is $587.00 per ounce.
Budd Foxx

Thursday, June 15, 2006

MACD is looking bullish and the stock is once again trading above the 50 dma so put it on the radar on Friday.  Posted by Picasa

VLY

Valley National Bancorp. is golden stock picks free swing setup for Friday.

SHLD

Sears Holding Corp. just made a new intraday high so put it on the radar.

AAPL

Apple Computer, Inc. is starting to heat up a bit so put it on the radar this afternoon.

BRCM

Broadcom Corp. is acting very well this afternoon and could be momentum if the stock is closing strong.

CCJ

Cameco Corp. is acting well today so put it on the trading radar this afternoon.

PD

Phelps Dodge Corp. is acting very well today so put it on the radar this afternoon. If the stock is closing strong it could be momentum.

NVDA

Nvidia Corp. just made a new intraday high so put it on the radar this afternoon.

GS

Goldman Sachs Group Inc. actively trading to the upside this morning so keep this stock on your trading radar.

Budd Foxx

GOOG

Google Inc. just made a new high on the day so put this stock on that watchlist.

Budd Foxx

CAT

Caterpillar Inc. has a good tone to it this morning so put this stock on that trading radar.

Budd Foxx

BIDU

Baidu.Com Inc. is trading to the upside here this morning so put this stock on that watchlist.

Budd Foxx

PCU

Southern Copper Corp. really acting well here this morning so keep this stock on your trading radar.

Budd Foxx

AKAM

Akamai Technologies Inc. heating up here making new highs on the day so put this stock on that watchlist.

Budd Foxx

ENER

Energy Conversion Devices is just rippin here this morning so put this stock on that trading radar.

Budd Foxx

BOOM

Dynamic Materials, Corp. just made a new intraday high so put it on the radar.

OXY

Occidental Petroleum Corp. has a good tone in early trading so put it on the radar.

Railroad Stocks

BNI, NSC, RAIL and UNP continue to act well so put them on the radar.

TIE

Titanium Metals Corp. is acting very well in early trading so put it on the radar.

OMNI

Omni Energy Services Corp. has a decent tone in early trading so put it on the radar.

Top Performers

IMGC / TIE / WFR / HL / SLW

BA

The Boeing Company continues to act well so put it on the radar.

MNG

Miramar Mining Corp. has a good tone in early trading so put it on the radar.

Stocks Trading Up In Pre-Market

NVDA, SNDK, FITB, AAUK, IDEV, HANS, NXG, GOOG, DXPE, SPLS, MRVL, SLV, XING, GOLD, ASMI, AVNX, CRXL, BRCM, RMBS, BA, AKAM, PAAS, WPSC, AAPL, INFY, BIDU, NTRI, ERS, GLD, BP, TIE, BSC, EZM, BHP, and IMGC

Budd Foxx

Bear Stearns Reports Third Consecutive Record Quarter

The Bear Stearns Companies Inc. (NYSE:BSC - News) today reported earnings per share (diluted) of $3.72 for the second quarter ended May 31, 2006, up 78% from $2.09 per share for the second quarter of 2005. Net income for the second quarter of 2006 was $539 million, up 81% from $298 million for the second quarter of 2005. Net revenues for the 2006 second quarter were a record $2.5 billion, up 33% from $1.9 billion for the 2005 second quarter. The annualized return on common stockholders' equity for the second quarter of 2006 was 20.1%, and 18.7% for the trailing 12-month period ended May 31, 2006.

Upgrades and Downgrades

Upgraded this morning include:
TRB, SSS, MPW, GFIG, PL, AGU, RUTH, OSI, FITB, BDK, WPSC, NVDA, LUX, CC, RNVS, BRL, and SNDK

Downgraded this morning include:
KBH, LEN, PHM, CVTX, AES, GIS, DHI, MTH, and KBH

Budd Foxx
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