Monday, July 31, 2006
Jesse Livermore's 5 Management Rules
Livermore's 5 Management Rules
OMNI
HUM
MGLN
LBIX
DXPE
GS
AAPL
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks you need to know for today
Avon Products (AVP | charts | news | PowerRating) reports earnings on Monday before the open; analysts are expecting $0.37 EPS.
On Monday morning Exelon (EXC | charts | news | PowerRating) also reports, with earnings consensus at $0.79 EPS.
UAL Corporation (UAUA | charts | news | PowerRating) is expected to announce $1.13 EPS when the co. announces earnings on Monday morning.
AGCO Corporation (AG | charts | news | PowerRating) expects $0.55 EPS when they publicly release earnings on Monday.
Enbridge Energy (EEP | charts | news | PowerRating) smashed analyst expectations Friday afternoon, announcing $0.93 EPS vs an expected $0.56.
On Friday after the close, CKE Restaurants (CKR | charts | news | PowerRating) announced the sale of 38 company-owned and operated "Carl's Jr." restaurants in the state of Oklahoma.
Also on Friday, Lockheed Martin (LMT | charts | news | PowerRating) announces winning the contract with NASA to build the new lunar reconnaissance orbiter.
Upgrades and Downgrades
SFG, EQ, SNDK, XOM, SPIL, RMBS, RRC, AAPL, LEA, TFSM, and PD
Downgraded this morning include:
INTU, CENX, BBG, AYE, LEA, WCG, CVX, ITY, VLY, EXP, and NT
Budd Foxx
Morning News
- Futures are down this morning pointing to a lower open.
- Chicago PMI to be released today.
- European markets are trading lower today. In Tokyo the Nikkei 225 traded to the upside.
- Isreal had agreed to end bombings in Lebanon for 48 hours, but reports are coming in this morning of continued air strikes in Lebanon.
- SanDisk to buy M-Systems Ltd. for $1.3 billion in stock.
- Apple Computer upgraded at Bank of America Securities to a buy, and also lifted its price target to $79.00 per share from $68.00 per share.
- Wal-Mart Stores believes July same store sales will come in up around 2.4% for the month.
- Crude oil moving up just a bit here this morning. Current price is $73.64 per barrel.
- Wholesale gasoline is $2.20 per gallon.
- Natural gas up to $7.57 per unit.
- Gold down just a bit this morning to $632.00 per ounce.
Earnings
Altiris Inc. (ATRS)
Audio Codes Ltd. (AUDC)
Chipolte Mexican Grill Inc. (CMG)
Encore Medical (ENMC)
Exelon Corp. (EXC)
Genlyte Group (GLYT)
Gevity (GVHR)
Hercules Offshore (HERO)
Humana Inc. (HUM)
Magal Security Systems (MAGS)
Navarre (NAVR)
RTI International Metals (RTI)
Tyson Foods (TSN)
Valero L.P. (VLI)
Whole Foods Market (WFMI)
Budd Foxx
Sunday, July 30, 2006
Saturday, July 29, 2006
Anticipation Vs. Prediction
Friday, July 28, 2006
BSC
LLY
ATI
WFC
BRCM
GOOG
Stocks Trading Up In Pre-Market
Budd Foxx
Insider Trading
7 Stocks you need to know for today
NYX Group (NYX | charts | news | PowerRating) beat by $0.07.
Deckers (DECK | charts | news | PowerRating) beat by $ 0.16 but gave mixed guidance.
THQ Inc. (THQI | charts | news | PowerRating) beat by $0.04.
Chesapeake Energy (CHK | charts | news | PowerRating) beat by $0.11.
ChevronTexaco (CVX | charts | news | PowerRating) reports before the open Friday; look for $2.21.
Genesis Microchip (GNSS | charts | news | PowerRating) beat by $0.11 and guided higher.
Form Factor (FORM | charts | news | PowerRating) beat by $0.04.
Upgrades and Downgrades
GNSS, DCX,JAS, AXA, EQIX, COT, CLS, LWSN, PENN, LZ, RNVS, and IFLO
Downgraded this morning include:
GCBS, TDW, MEE, EQ, BMY, PKI, PSUN, SWIR, CATT, ADBL, CNXT, GD, RBC, KNOT, XMSR, OCR, TLAB, EXPE, PLUG, AEA, and SBGA
Budd Foxx
Morning News
- Futures are pointing to a higher open this morning.
- Gross Domestic Product figures for the second quarter to be released at 8:30 this morning.
- The University of Michigan final reading of consumer sentiment will be released just before 10:00 this morning.
- European markets are trading slightly lower this morning. In Tokyo the Nikkei 225 was up another 1.1% today.
- Wal-Mart Stores selling 85 stores in a move to exit Germany.
- Bristol Myers Squibb saying they are the subject of an antitrust probe.
- Exxon Mobil post second quarter profit of just over $10 billion.
- Google Inc. reaches settlement in click fraud case.
- Crude oil is $74.00 per barrel.
- Wholesale gasoline currently $2.28 per gallon.
- Natural gas back above $7.00 per unit.
- Gold flat at this point current price is $629.00 per ounce.
Earnings
Andersons Inc. (ANDE)
Chevron (CVX)
Constellation Energy Group Inc. (CEG)
FPL Group (FPL)
GulfMark Offshore (GMRK)
Lear Corp. (LEA)
Office Depot Inc. (ODP)
Overstock com Inc. (OSTK)
Teco Energy Inc. (TE)
Waste Management (WMI)
Budd Foxx
Thursday, July 27, 2006
NEWP
NTRI
BG
Gold Stocks to Watch
GLD, GOLD, EZM, MNG,NXG, PAAS, and SLW
Stocks Trading Up In Pre-Market
Budd Foxx
XOM profit surges on scorching oil prices
Net income in the second quarter was $10.36 billion, or $1.72 a share, compared to $7.64 billion, or $1.20 a share, in the year earlier quarter.
Upgrades and Downgrades
HLIT, AKAM, NVTL, T, HOTT, CHE, TIN, CHK, BOBJ, ROK, and MCRL
Downgraded this morning include:
MDG, SCRX, UGI, MMSI, FDX, LSS, NXST, AEA, QUIK, BDK, XTO, and ANF
Budd Foxx
7 Stocks you need to know for today
Symantec (SYMC | charts | news | PowerRating) beat by $0.06 and guided higher.
Itron (ITRI | charts | news | PowerRating) beat by $0.08 and guided higher.
Akamai (AKAM | charts | news | PowerRating) beat by $0.02.
Business Objects (BOBJ | charts | news | PowerRating) beat by $0.04.
Express Scripts (ESRX | charts | news | PowerRating) beat by $0.02.
Komag (KOMG | charts | news | PowerRating) beat by $0.07 and guided up.
ExxonMobil (XOM | charts | news | PowerRating) reports before the open Thursday; look for $1.64.
Morning News
- Futures are pointing to a higher open this morning.
- Natural Gas inventories will be released by the Energy Dept. at 10:30 this morning.
- June durable goods orders will be released at 8:30 this morning.
- Weekly jobless claims also due for release this morning.
- New home sales numbers will be released at 10:00 this morning.
- European markets are trading higher today. The Nikkei 225 ended the day up nearly 2%
- All eyes on Exxon Mobil this morning. The company will release earnings report at 8:00 this morning.
- Daimler Chrysler 2nd quarter profit doubles.
- Japan has lifted its ban on U.S. beef imports.
- Crude oil up just a bit this morning to $74.36 per barrel.
- Wholesale gasoline is $2.29 per gallon.
- Natural gas is up to $7.00 per unit.
- Gold is up a bit this morning to $633.00 per ounce.
Earnings
Adesa Inc. (KAR)
Allegheny Energy Inc. (AYE)
Anadarko Petroleum Corp. (APC)
AstraZeneca Plc. (AZN)
Beazer Homes USA Inc. (BZH)
Bristol Myers Squibb (BMY)
Chesapeake Energy Inc. (CHK)
Click Commerce Inc. (CKCM)
Daimler Chrysler (DCX)
ExxonMobil Corp. (XOM)
Fortune Brands (FO)
Kellogg Co (K)
NetGear (NTGR)
Newmont Mining Corp. (NEM)
Penn National Gaming (PENN)
Raymond James (RJF)
Sohu.com (SOHU)
Budd Foxx
Wednesday, July 26, 2006
OXY
Oil Inventories
Crude Oil was unchanged over the past week.
Gasoline saw a draw down of 3.2 million barrels.
Distillates stocks were up 800,00 barrels.
Budd Foxx
TRMB
WIRE
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks you need to know for today
Hewlett Packard (HPQ | charts | news | PowerRating) is buying Mercury Interactive (MERQ | charts | news | PowerRating) for $52/share.
Amazon (AMZN | charts | news | PowerRating) missed by $0.02.
Boyd Gaming (BYD | charts | news | PowerRating) missed by $0.10.
Encore Wire (WIRE | charts | news | PowerRating) beat by $1.51.
Trimble Navigation (TRMB | charts | news | PowerRating) beat by $0.08 and guided higher.
Biogen Idec (BIIB | charts | news | PowerRating) reports Wednesday before the open; look for $0.49.
Monster Worldwide (MNST | charts | news | PowerRating) is set to report early tomorrow; look for $0.30
Upgrades and Downgrades
LUV, BLS, PHRM, DRIV, SUNW, WAT, SPM, MCO, BBBY, CIEN, PNSN, CYMI, ROH, DRI, AXE, T, ASN, IFSIA, and BNK
Downgraded this morning include:
CHH, BOBL, CBHI, EGLE, IMMC, AMZN, ENMC, UPS, BN, WSM, CHH, T, and BLS
Budd Foxx
Morning News
- Futures are pointing to a lower open this morning.
- Energy Dept. will release oil inventories at 10:30 this morning.
- Fed Beige Book to be released at 2:00 this afternoon.
- European markets are to the upside just slightly today. Asian markets mostly to the downside with the Nikkei 225 down .8%
- Amazon.com Inc. misses earnings estimates, and the stock got drilled to the tune of 12% lower in after hours trading last night.
- Hewlett Packard to buy Mercury Interactive Corp. for $4.5 billion.
- Hezbollah threats to begin firing missiles deeper into Israel .
- Brutal heat in the forcast for some states once again out west today. Reports of record usage of electricity being reported in California.
- Nigerian oil pipeline shut down due to militants fighting for control of oil and gas resources.
- Crude oil is up a bit this morning to $73.85 per barrel.
- Wholesale gasoline is $2.28 per gallon.
- Natural gas up to $6.64 per unit.
- Gold is currently $617.00 per ounce.
Earnings
Anheuser Busch Companies (BUD)
Applebees International (APPB)
Arris Group Inc. (ARRS)
Baidu (BIDU)
Business Objects (BOBJ)
Cleveland Cliffs (CLF)
ConocoPhillips (COP)
Express Scripts Inc. (ESRX)
General Motors Corp. (GM)
GlaxoSmithKline (GSK)
Hess Corp. (HES)
Intuitive Surgical (ISRG)
Mesa Air (MESA)
Monster Worldwide (MNST)
Northfolk Southern Corp. (NSC)
Phelps Dodge (PD)
Spartan Stores (SPTN)
Symantec (SYMC)
Taser International (TASR)
The Boeing Company (BA)
Budd Foxx
Tuesday, July 25, 2006
STJ
SNDA
ILMN
SNDK
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks you need to know for today
Texas Instruments (TXN | charts | news | PowerRating) reported $0.47, in-line; revenues were $3.7 billion, slightly higher than expected.
JDA Software (JDAS | charts | news | PowerRating) beat by a penny.
Sandisk (SNDK | charts | news | PowerRating) beat by $0.13 and beat on revenues.
Amylin (AMLN | charts | news | PowerRating) beat by $0.07.
3M (MMM | charts | news | PowerRating) reports before the open on Tuesday; look for $1.07.
Altria (MO | charts | news | PowerRating) also reports before the open tomorrow; look for $1.37.
NutriSystem (NTRI | charts | news | PowerRating) beat by $0.07 and guided higher for 2006.
Upgrades and Downgrades
BAB, EBAY, YRCW, LRY, OSCI, UNP, HTLD, and AXP
Downgraded this morning include:
IFX, MTXX, DGX, NAT, ATYT, and ALE
Budd Foxx
Morning News
- Futures are pointing to a flat to slightly higher open this morning.
- July consumer confidence to be released at 10:00 this morning.
- Existing home sales will also be released this morning.
- European stock markets are trading higher today. The Nikkei 225 ended the day up 1.4%
- BP reports 30% rise in profit on oil prices and refinery operations.
- Japan expected to approve imports of U.S. beef this week.
- In California record usage of electricity being reported on high temps. No relief today while temps. expected to be avove 100 degrees again.
- Crude oil moving higher again current price is $75.38 per barrel.
- Wholesale gasoline on the rise as well price is $2.32 per gallon.
- Natural gas is currently $6.71 per unit.
- Gold moving up a bit to $622.00 per ounce.
Earnings
3M Company (MMM)
Altria Group Inc. (MO)
Amazon.Com Inc. (AMZN)
AT & T (T)
Boyd Gaming (BYD)
Canadian Pacific Railway (CP)
Chicago Mercantile Holding Inc. (CME)
Corning (GLW)
Dupont (DD)
Evergreen Solar Inc. (ESLR)
JetBlue Airways (JBLU)
Legg Mason (LM)
Level 3 Communications (LVLT)
Lockheed Martin (LMT)
Murphy Oil Corp. (MUR)
Panera Bread (PNRA)
Sun Microsystems (SUNW)
United States Steel Corp. (X)
Budd Foxx
Monday, July 24, 2006
Texas Instruments Profit Jumps
Including one-time items and proceeds from businesses it has sold, TI had net icome of $2.39 billion, or $1.50 per share in the April-June period, up from $628 million, or 38 cents per share a year earlier.
SNDK Reports
- Revenues of $719 million, up 40% year-over-year
- GAAP EPS $0.47; Non-GAAP EPS $0.58
SanDisk® Corporation (NASDAQ:SNDK - News), the world's largest supplier of flash storage card products, today announced results for the second quarter ended July 2, 2006. Total second quarter revenues increased 40% on a year-over-year basis to $719 million. Second quarter net income as reported in accordance with U.S. Generally Accepted Accounting Principles (GAAP) was $96 million, or $0.47 per diluted share.
SLAB
CEPH
NTRI
Budd Foxx
DNA
Budd Foxx
BA
Budd Foxx
GRMN
Budd Foxx
AAPL
Budd Foxx
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks you need to know for Today
Texas Instruments (TXN | charts | news | PowerRating) is set to report Monday morning before the open; look for $0.57.
Merck (MRK | charts | news | PowerRating) also reports before the open; look for $0.65.
Schering-Plough (SGP | charts | news | PowerRating) is scheduled to report before the bell also; look for $0.65.
Microsoft (MSFT | charts | news | PowerRating) said it will take on Apple's (AAPL | charts | news | PowerRating) iPod with its new Zune digital media product line, scheduled for release later this year.
The Globe and Mail reports that Advanced Micro Devices (AMD | charts | news | PowerRating) is considering a takeover bid for ATI Technologies (ATYT | charts | news | PowerRating).Upgrades and Downgrades
CSR, PDLI, CHRT, PRSP, LYO, DELL, and TIF
Downgraded this morning include:
PRTR, PPBI, WY, BPT, TMK, CLP, EQR, FDC, FTI, CSG, and ERICY
Budd Foxx
Morning News
- Futures are pointing to a higher open this morning.
- European markets are to the upside today while Asian markets mostly traded lower on the day.
- Israeli forces continue to move deeper into Lebanon.
- Advanced Micro Devices Inc. to buy ATI Technologies Inc. for $5.4 billion.
- Ther Lundberg Survey has U.S. gas prices up 2 cents over the past two weeks. The average price of unleaded gas has climbed up to just over $3.00 per gallon.
- Pirates of the Caribbean has taken in just over $321.7 million in just 17 days.
- Tiger Woods tops the field in the British Open over the weekend.
- Crude Oil is $73.58 per barrel.
- Wholesale gasoline is $2.27 per gallon.
- Natural gas is $6.15 per unit.
- Gold continues to slide current price is $613.00 per ounce.
Earnings
Alcon Inc. (ACL)
Altera Corp. (ALTR)
American Express Company (AXP)
BellSouth Corp. (BLS)
Centex Corp. (CTX)
Forward Air (FWRD)
Hasbro Inc. (HAS)
JDA Software (JDAS)
Kraft Foods (KFT)
Merck & Company (MRK)
Netflix (NFLX)
Nutrisystem (NTRI)
SanDisk Corp. (SNDK)
Texas Instruments (TXN)
Budd Foxx
Sunday, July 23, 2006
Saturday, July 22, 2006
There are two kinds of Traders
These two kinds of traders naturally lead to two core strategies for helping traders. The first is to eliminate or reduce unwanted, negative patterns. The second is to initiate or augment desired, positive patterns.
Old Stars Don’t Lead New Bulls
One of the most common errors investors make is going back to their list of old favorites: These typically include the former superstars of the last bull market. Prior luminaries include Microsoft, EMC, Dell, Intel, Cisco, eBay, etc.
It’s a function of their comfort levels, a bit of rosy nostalgia for the good old days when everything you bought went up, and money was falling from the sky like raindrops.
It has long been a general rule of markets that new bulls require new leadership. Numerous reasons for this exist, but three stand out in particular:
Lessons From A Trader's Diary
Friday, July 21, 2006
GRMN
Stocks Trading Up In Pre-Market
Budd Foxx
Caterpillar Profit Per Share 41 Percent Higher
Upgrades and Downgrades
BUCY, BFAM, GNTX, RLI, RS, WSFS, SHW, IEX, AMSG, NOVA, JCI, CELL, and SPWR
Downgraded this morning include:
STBA, KLAC, LTXX, BBX, SWKS, MDC, and KMB
Budd Foxx
7 Stocks you need to know for today
Google (GOOG | charts | news | PowerRating) reported $2.49, beating by $0.27 estimate; revenues were $1.68 billion, also beating estimates. The stock traded higher after hours.
Microsoft (MSFT | charts | news | PowerRating) beat by a penny, guided in-line and announced a $20 billion stock repurchase. The stock traded higher after hours.
Advanced Micro Devices (AMD | charts | news | PowerRating) beat by a penny; the company said it expected third quarter sales to increase sequentially.
Mentor Graphics (MENT | charts | news | PowerRating) beat by $0.03 and guided higher.
Amgen (AMGN | charts | news | PowerRating) beat by $0.11and boosted guidance; revenues were $3.6 billion, also beating estimates. The stock traded higher after hours.
Caterpillar (CAT | charts | news | PowerRating) reports before the open on Friday; look for $1.42.
Eli Lilly (LLY | charts | news | PowerRating) also reports before the open on Friday; look for $0.75.Morning News
- Futures are up this morning pointing to a slightly higher open.
- European markets are trading to the downside, and the Nikkei 225 gave some back.
- Israel reportedly preparing for a ground offensive in Lebanon.
- Tropical storm Beryl expected to clip Massachusets today.
- Google Inc. reported second quarter profit more than doubled, sales surged, and the company provided 44.7% of U.S. search results.
- Microsoft Corp. profit fell in the second quarter on legal charges, but sales did rise. The company also announced a share buy back program.
- Chris Dimarco and Tiger Woods at the top of the leader board in the second round of the British Open.
- Crude oil is up just a bit to $74.49 per barrel.
- Wholesale gasoline is $2.25 per gallon.
- Natural gas just below $6.00 per unit.
- Gold slipping back to $629.00 per ounce.
Earnings
Arch Coal Inc. (ACI)
Caterpillar Inc. (CAT)
Cognos (COGN)
Eli Lilly (LLY)
Halliburton Company (HAL)
Multi Color Corp. (LABL)
Nucor (NUE)
RadioShack Corp. (RSH)
Schlumberger (SLB)
Volvo AB (VOLV)
Wilmington Trust (WL)
Budd Foxx
Thursday, July 20, 2006
BOT
BOT NEWS
AAPL
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks you need to know for today
Intel (INTC | charts | news | PowerRating) beat by $0.02 but guided lower for Q3. Revenues were lighter than expected but margins beat expectations.
Motorola (MOT | charts | news | PowerRating) reported $0.55, including gains, beating by $0.03. Revenues beat estimates.
Novellus (NVLS | charts | news | PowerRating) beat by $0.03.
Apple (AAPL | charts | news | PowerRating) beat by $0.10. Revenue was $4.37 billion, slightly under forecast. Quarterly profit rose 48%. The company guided lower for Q4.
Ebay (EBAY | charts | news | PowerRating) was in-line at $0.24 and in-line on revenues. The company guided lower for Q3 and also authorized repurchase of up to $2 billion in stock in the next two years.
Pfizer (PFE | charts | news | PowerRating) reports before the open Thursday; look for $0.48.
CBOT Holdings (BOT | charts | news | PowerRating) also reports before the open; look for $0.72.
Upgrades and Downgrades
AIT, GLBC, SAH, AEOS, QCOM, PLAB, SBUX, MOT, BOBJ, STJ, CDWC, NVDA, SNDK, and ADCT
Downgraded this morning include:
XMSR, KNOT, TCBI, JNPR, BP, SOMX, GDW, FE, MOGN, and JNPR
Budd Foxx
Morning News
- Futures are pointing to a flat to slightly lower open.
- Weekly jobless claims to be released this morning.
- June leading indicators on tap for today as well.
- July Philly Fed survey will also be released today.
- Natural gas inventories will be released at 10:30 this morning.
- European markets are up, and Asian markets had a great day.
- Isreal showing no signs of backing off bombings in Lebanon.
- Ben Bernanke comments have investors thinking the Fed is near the end or will halt on interest rate hikes.
- President Bush stands by his veto threat on federal funding for embryonic stem cell research.
- Apple Computer shares on the rise after releasing 2nd quarter results. Motorola also reported a great quarter after the bell last night.
- Crude oil is just under $73.00 per barrel.
- Wholesale gasoline has pulled back to $2.24 per gallon.
- Natural gas just under $6.00 per unit.
- Gold is currently $643.00 per ounce.
Earnings
Advanced Micro Devices (AMD)
Amgen (AMGN)
Baxter International (BAX)
Broadcom (BRCM)
Bucyrus International (BUCY)
Capital One Financial (COF)
Cohu (COHU)
Continental Airlines (CAL)
D.R. Horton (DHI)
Dow Jones & Company (DJ)
F5 Network (FFIV)
Ford Motor Company (F)
Gilead Sciences (GILD)
Google (GOOG)
Honeywell (HON)
Imclone Systems Inc. (IMCL)
Microsoft (MSFT)
Nokia (NOK)
Pfizer (PFE)
TravelZoo Inc. (TZOO)
Wyeth (WYE)
Budd Foxx
Wednesday, July 19, 2006
TZOO
- Earnings Release: Before the market opens on Thursday, July 20 by public distribution and on Travelzoo's investor relations Web site at www.travelzoo.com/ir.
- Live Conference Call: 11:00 am EDT on Thursday, July 20 via Web cast, which can be accessed through Travelzoo's investor relations Web site.
- Conference Call Archive: Following the conference call, an archived Web cast will be available for 90 days on Travelzoo's investor relations Web site.
LBIX
Potential Momentum
CME, ATI, RTI, TIE, PCU, RGLD, LBIX, UIC,ESRX and USNA
Oil Inventories
Crude oil inventories up 200,000 barrels.
Gasoline was up 1.5 million barrels.
Distillates saw a rise of 103,000 barrels.
Budd Foxx
BBY
AAPL
U.S. June core CPI up 0.3% on rising rents
Stocks Trading Up In Pre-Market
Budd Foxx
ILMN
7 Stocks you need to know for today
IBM (IBM | charts | news | PowerRating) beat by a penny; revenues were in-line.
Yahoo (YHOO | charts | news | PowerRating) was in-line at $0.11.
USANA (USNA | charts | news | PowerRating) beat by $0.03 and upped guidance for Q3.
Checkpoint (CHKP | charts | news | PowerRating) was in-line at $0.32/share.
Bank of America (BAC | charts | news | PowerRating) also reports before the open; look for $1.10.
J.P. Morgan (JPM | charts | news | PowerRating) is set to report Wednesday morning; $0.87 is expected.
Ryland (RYL | charts | news | PowerRating) will announce earnings in the morning; look for $1.93.
Upgrades and Downgrades
SGR, ESV, MGM, PENN, PDX, DISH, BUD, FCX, OSUR, NOK, BBY, VIRL, ANSS, HBIO, and CMCO
Downgraded this morning include:
AGP, WYNN, FRX, YHOO, DTAS, WBD, NTES, CGNX, and JBHT
Budd Foxx
Morning News
- Futures are pointing to a mixed open this morning. The Nasdaq futures are to the downside on Yahoo Inc. earnings released after the bell last night.
- Consumer Price Index to be released this morning.
- Energy Dept. will release oil inventories at 10:30 this morning.
- June housing starts also will be released today.
- European markets are trading to the upside this morning. The Nikkei 225 also closed to the upside.
- Ben Bernanke will be speaking to Congress today.
- Yahoo Inc. shares drop in after hours trading last night on earnings report, and 3rd quarter forcast.
- Illumina Inc. traded higher in after hours trading due to a good earnings report.
- BP to shut down 12 oil wells in Alaska. There are serious concerns that major leaks are taking place in many of the companies wells.
- Crude oil currently $73.00 per barrel.
- Wholesale gasoline is $2.24 per gallon.
- Natural gas is below $6.00 per unit.
- Gold pulling back to $621.00 per ounce.