Tuesday, October 31, 2006

SU

Suncor Energy, Inc. is acting well going into the close so keep it on the radar.

SU CHART

HES

Hess Corp has a good tone to it today so keep it on the radar.

HES CHART

SIGM

Sigma Designs, Inc. just made a new 52 week high so keep it on the trading radar.


SIGM CHART

BG

Bungle Ltd. is acting well this afternoon so keep it on the radar.

BG CHART

HOLX

Hologic, Inc. has a good tone to it today so keep it on the radar this afternoon.

HOLX CHART

PD

Phelps Dodge, Corp. is perking up just a bit here so keep it on the radar this afternoon.

Top Performers

ALNY / FARO / LMRA / RACK / NUAN

COGO / BLKB / TAP / CSCO / MSO

CELG

Celgene Corp. is acting very well in early trading so keep it on the radar.

NVDA

Nvidia Corp. is in a bullish trend in early trading so keep it on the radar.

UARM

Under Armour, Inc. is in a bullish power trend in early trading so keep it on the radar.

BRCM

Broadcom, Corp. continues to act well so keep it on the trading radar.

AAPL

Apple Computer, Inc. has a good tone in early trading so keep it on the radar.

NTRI

Nutrisystem, Inc. is in a bullish trend in early trading so keep it on the radar.

Goldman adds Cisco to conviction buy list

Oct 31 (Reuters) - Goldman Sachs on Tuesday added Cisco Systems Inc. (CSCO.O: Quote, Profile, Research) to its Americas Conviction Buy List and removed Ciena Corp. (CIEN.O: Quote, Profile, Research) from the list.

In a research note, the brokerage said Cisco expects to gain share in the routing market from major competitors over the next two years on the back of new product introductions.
Goldman said it removed Ciena from the list to make a short term call on Cisco and this move in no way reflects a view on Ciena's quarter. (Reporting by Supriya Kurane in Bangalore)

Stocks Trading Up In Pre-Market

RNAI, CSCO, NVAX, SHPGY, AAPL, ANSt, GOOG, BIDU, BIIB, COGO, CELG, ALNY, ACTS, NUAN, NVDA, RACK, UAUA, CYTR, STEM, and IVAC

Budd Foxx

7 Stocks you need to know for today

Metlife (MET | charts | news | PowerRating) beat earnings after the close Monday, announcing $1.24 EPS vs an analyst consensus of $1.17 EPS.

Portfolio Recovery Association (PRAA | charts | news | PowerRating) beat earnings Monday afternoon, announcing $0.70 EPS vs an expected $0.69 EPS.

ADESA (KAR | charts | news | PowerRating) beat earnings late Monday; KAR announced $0.38 EPS vs a consensus of $0.37 EPS.

Spectranetics (SPNC | charts | news | PowerRating) matched earnings, with -$0.01 EPS.

Archer-Daniels (ADM | charts | news | PowerRating) reports earnings on Tuesday before the open; look for $0.56 EPS.

Automatic Data (ADP | charts | news | PowerRating) also announces earnings early Tuesday; consensus is $0.43 EPS.

Eastman Kodak (EK | charts | news | PowerRating) reports before the bell Tuesday, with analysts expecting $0.19 EPS.


Upgrades and Downgrades

Upgraded this morning include:
MDZ, WMS, CEG, BRL, APCC, HRZ, STT, SFC, TSY, and KONA

Downgraded this morning include:
MCHX, VZ, ESLR, CACS, TSS, KSS, TZIX, MYL, NILE, CCU, ALEX, CCO, THC, ACN, CMA, KBAY, VCI, HHS, CAB, ACXM, BORL, YAVY, ECLP, SBL, PMTI, HRH, and PRSP

Budd Foxx

Morning News

  • Futures are up this morning pointing to a higher open.

Employment cost index will be released this morning.

Consumer confidence for October will be released at 10:00 this morning.

Chicago PMI also due to be released this morning.

European markets are trading up slightly today. In Tokyo the Nikkei 225 did end the day higher.

Reports are out that North Korea has agreed to rejoin talks over its nuclear program.

U.S Department of Justice probing Sony Corp. over antitrust violations.

Sirna Therapeutics shares soar over 95% in after hours trading last night on news the company will be bought by Merck & Company.

New York is holding public hearings on a proposal that would ban restaurants from using artifial fats. KFC has announced they will stop using artificial fats for frying chicken.

Crude oil pulled back to $58.27 per barrel.

Wholesale gasoline is $1.44 per gallon.

Natural gas remains just above $7.00 per unit.

Gold holding just over $600.00 per ounce.

Budd Foxx

Earnings

A few of the companies set to report earnings.

Alcan Inc. (AL)
Alliant Energy (LNT)
Archer Daniels Midland Company (ADM)
Cameco (CCJ)
Checkpoint Systems (CKP)
Chipolte Mexican Grill (CMG)
Cummins Inc. (CMI)
Entergy (ETR)
FirstService (FSRV)
Giga tronics Inc. (GIGA)
Hilton Hotels Corp. (HLT)
Marathon Oil Corp. (MRO)
Molson Coors Brewing Company (TAP)
Omnicare (OCR)
Papa Johns International (PZZA)
Proctor & Gamble (PG)
RailAmerica Inc. (RRA)
Safeco Corp. (SAFC)
UAL Corp. (UAUA)
Under Armour (UARM)
Valero Energy (VLO)
Visteon Corp. (VC)

Budd Foxx

Monday, October 30, 2006

BA

Boeing Company seems to be perking up just a bit here so put this stock on that watchlist.

Budd Foxx

BSC

Bear Stearns Companies Inc. just made a new high on the day so keep this stock on that trading radar.

Budd Foxx

BRCM

Broadcom Corp. perking up just a bit here so keep this stock on that trading radar.

Budd Foxx

WFR

Memc Electronic Materials Inc. making a new high on the day here so put this stock on that trading radar.

Budd Foxx

CAL

Continental Airlines Inc. just made a new 52 week high so keep this stock on that trading radar.

Budd Foxx

LLL

L-3 Communications Holdings Inc. is acting very well here in early trading today so keep this stock on that watchlist.

Budd Foxx

NE

Noble Drilling Corp. is acting very well here in early trading so keep this stock on that trading radar.

Budd Foxx

Top Performers

TSY / AFR / APCC / NVEC / NEM

GEHL / KOMG / GOLD / LIHR

GROW

U.S. Global Investors, Inc. is acting well in early trading so keep it on the radar.

ACOR

Acorda Therapeutics, Inc. has a decent tone in early trading so keep it on the radar.

BIDU

Baidu.com is in a bullish trend in early trading so keep it on the radar.

YHOO

NEW YORK (AP) -- Shares of Yahoo Inc. rose in Monday pre-market trading, after a Merrill Lynch analyst upgraded the online search engine and information portal, citing long-term growth prospects and a cheap stock price.

Stocks Trading Up In Pre-Market

YHOO, ACOR, BEAV, IVGN, NVEC, GOOG, BIDU, APCC, VRTX, NXG, ESLR, ERS, KLAC, GNTA, ECMV, OSIP, AUY, GROW, OPTM, NCOG, and SPRT

Budd Foxx

Watch for Breakout

IPS (Ipsco, Inc.) Over 94.50

DLX (Deluxe Corp.) Over 22.50

PD (Phelps Dodge, Corp.) Over 101.80

TOMO (Tom Online, Inc.) Over 14.70

FMT (Fremont General Corp.) Over 14.60

SFG (Stancorp Finl.) Over 46

Upgrades and Downgrades

Upgraded this morning include:
LMT, CRS, KOMG, BIIB, WSH, KLAC, ICLR, PSUN, DO, AFR, and BRW

Downgraded this morning include:
USPI, KB, OSG, KBAY, IR, WFMI, RIN, NVLS, AXL, NST, EXC, NRP, MPG, JNS, DDR, PDE, PDE, TBL, OS, PTI, GFI, STM, AT, and SHPGY

Budd Foxx

Morning News

  • Futures are pointing to a lower open this morning.

Consumer spending for September will be released at 8:30 this morning.

September personal income will also be released this morning.

European markets are trading to the downside today. In Tokyo the Nikkei 225 was sharply lower.

Wal Mart Stores Inc. post weakest monthy same store sales since December 2000.

Merrill Lynch upgrades Yahoo Inc. to a buy from nuetral.

American Power Conversion Corp. to be bought by Schneider Electric for $6.1 billion.

Nigerian plane crash kills 96 people. This is the third deadly crash in the country over the past year.

ST Louis has been named the most dangerous city in the country.

First U.S. beef shipment has arrived in South Korea. The country banned U.S. beef back in 2003.

In Iraq the number of soldiers killed this month has reached 100.

Crude oil dipping to $59.63 this morning.

Wholesale gasoline is $1.55 per gallon.

Natural gas is currently $7.68 per unit.

Gold up to $606.00 per ounce.

Budd Foxx

Earnings

A few of the companies set to report today.

Allete (ALE)
Arch Chemicals (ARJ)
Ashland (ASH)
BE Aerospace (BEAV)
BlackRock Inc. (BLK)
Clear Channel Communications (CCU)
FPL Group (FPL)
Grey Wolf Inc. (GW)
Humana Inc. (HUM)
Hydril (HYDL)
James River Group (JRVR)
Millennium Cell Inc. (MCEL)
Northgate Minerals (NXG)
Rent A Center (RCII)
Rackable Systems Inc. (RACK)
Verizon (VZ)

Budd Foxx

Saturday, October 28, 2006

Trailing Stop Techniques

Most investors and traders spend far too much time focusing on how to enter a stock, and far too little time focusing on how to best exit a profitable position. What is particularly interesting regarding this neglect is that most traders make the vast majority of their profits in a year from just one to five trades that move substantially in their favor. Thus most traders would actually do better to focus in on how to better exit heavily profitable trades than they would to further refine their entry techniques. I would like to briefly go over some of our best "trailing stop" techniques to help traders learn how to exit profitable trades much more profitably. We use a number of trailing stop techniques, but the simple rules of thumb we present here should greatly enhance the trading of most investors

7 Stocks you need to know for Monday

BlackRock (BLK | charts | news | PowerRating) announces earnings on Monday before the open; look for $1.15 EPS.

Health Care Property (HCP | charts | news | PowerRating) reports earnings early Monday morning, with analysts expecting $0.49 EPS.

Humana (HUM | charts | news | PowerRating) also reports Monday; analysts are looking for $0.97 EPS.

Schnitzer Steel (SCHN | charts | news | PowerRating) announces quarterly earnings before the open Monday; consensus is $1.26 EPS.

Valero (VLI | charts | news | PowerRating) reports Monday morning, with most analysts expecting $0.60 EPS.

Also reporting Monday is Sysco (SYY | charts | news | PowerRating), which should announce $0.36 EPS.

Finally, SkyWest (SKYW | charts | news | PowerRating) announces earnings to the public early Monday morning, with analysts expecting $0.63 EPS.


Friday, October 27, 2006

HUM

Humana, Inc. has a good looking chart and is acting well today so keep it on the radar.

HUM CHART

XMSR

XM Satellite Radio Holdings, Inc. is in a bullish power trend so keep it on the radar this afternoon.

BIDU

Baidu.com, Inc. is acting very well today so keep it on the radar this afternoon.

BIDU CHART

RVBD

Riverbed Tech, Inc. a new issue continues to act well so keep it on the radar.

NTRI

Nutrisystem, Inc. has a good tone in early trading so keep it on the radar.

ACOR

Acorda Therapeutics, Inc. is acting well in early trading so keep it on the radar.

OXY

Occidental Petroleum Corp. has a decent tone in early trading so keep it on the radar.

TIE

Titantium Metals, Corp. has a decent tone in early trading so keep it on the radar.

Top Performers

RIN / FRK / VIV / MFE / RDY

EICU / NTGR / VRTX

NVDA

Nvida Corp. has a good tone in early trading so keep it on your watchlist.

PD

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

Stocks Trading Up In Pre-Market

DRIV, SIMO, BWLD, RHAT, RNVS, SOHU, NTGR, MSTR, ARDI, SHPGY, ONNN, AOB, TELN, VRTX, UCBH, COMS, and CVX

Budd Foxx

7 Stocks you need to know for today

Microsoft (NASDAQ:MSFT - News) beat earnings Thursday after the close; MSFT announced $0.35 EPS against analyst expectations of $0.31 EPS. MSFT's PowerRating is 6.

MEMC Electronic Materials (NYSE:WFR - News) beat earnings on Thursday afternoon, announcing $0.56 EPS vs an expected $0.51 EPS. WFR's PowerRating is 5.

McAfee (NYSE:MFE - News) also beat earnings Thursday, with $0.36 EPS vs a consensus of $0.30 EPS. MFE's PowerRating is 7.

Commscope (NYSE:CTV - News) beat earnings Thursday after the close; CTV announced $0.64 EPS vs an expected $0.60 EPS. CTV's PowerRating is 5.

Chevron (NYSE:CVX - News) announces earnings Friday before the open; look for $2.04 EPS. CVX's PowerRating is 5.

Baker Hughes (NYSE:BHI - News) reports earnings early Friday, with analysts looking for $1.08 EPS. BHI's PowerRating is 4.

Avon Products (NYSE:AVP - News) reports early Friday as well; expect $0.24 EPS. AVP's PowerRating is 5.



Upgrades and Downgrades

upgraded this morning include:
GG, EYE, MEDI, THI, ENB, USPI, COHR, and CLFC

Downgraded this morning include:
AHL, FMD, LYO, TCO, TALX, SWK, MHK, CTV, ICTG, KBAY, ALSK, GGC, IVGN, AZN, OPEN, BDK, APA, BG, CNMD, YUM, RTN, CLS, GGC, RSYS, OPWV, GYMB, SBNY, and BJRI

Budd Foxx

Morning News

  • Futures are down this morning pointing to a lower open.

Third Quarter Gross Domestic Product numbers will be released at 8:30 this morning.

Consumer sentiment for October will be released this morning as well.

In Europe markets are trading slightly lower. In Tokyo the Nikkei 225 lost ground.

Microsoft Corp. not much movement in after hours trading after releasing earnings. The company is predicting sales and profits for the year to be inline with analyst expectations.

Industrial & Commercial Bank of China the world's largest IPO traded up 15% in Hong Kong.

Chesapeake Energy Corp. the natural gas company reported a strong quarter.

Securities and Exchange Commission to file civil fraud charges against former Delphi Executives.

Chicago Mercantile Exchange Holdings Inc. makes a deal with Taiwan Futures Exchange to share information.

California fire has killed four firefighters trying to save a home. Officials are offering $100,000 for information leading to the arrest of the person or person's responsible for starting the blaze.

In sports the ST Louis Cardinals took a 3-1 lead over the Detroit Tigers in the World Series after winning game four last night.

Crude oil is $60.13 per barrel.

Wholesale gasoline is currently $1.55 per gallon.

Natural gas is $7.47 per unit.

Gold down just a bit to $595.00 per ounce.

Budd Foxx

Earnings

A few of the companies set to report.

Altell Corp. (AT)
Brunswick Corp. (BC)
Chevron (CVX)
Constellation Energy (CEG)
Diamond Offshore Drilling Inc. (DO)
Fortune Brands (FO)
Ingersoll Rand Company (IR)
Lydall (LDL)
Teco Energy Inc. (TE)
The Timberland Company (TBL)
Viad Corp. (VVI)
Zoom Technologies (ZOOM)

Budd Foxx

Thursday, October 26, 2006

BOOM

Dynamic Materials, Corp. just perked up a bit here so keep it on the radar this afternoon.

BOOM CHART

VCLK

Valueclick, Inc. has a good looking chart so keep it on the radar for a possible swing trade.

VCLK CHART

UN

Unilever N.V. breaks out around $25 per share so keep it on the radar this afternoon.

AAPL

Apple Computer, Inc. has perked up a bit here so keep it on the radar this afternoon.

RVBD

Riverbed Tech, Inc. is a new issue with a good looking chart so keep it on the radar for a possible swing trade.

RVBD CHART

IVN

Ivanhoe Mines Ltd. is acting well today so keep it on the radar this afternoon.

BRCM

Broadcom Corp. has a decent tone to it today so keep it on the radar this afternoon.

BRCM CHART

ASEI

American Science & Engineering, Inc. has a decent tone to it today so keep it on the radar.

SHLD

Sears Holdings, Corp. continues to act well so keep it on the radar.

FFIV

F5 Networks, Inc. this morning this stock was given a new price target of $75 per share so keep it on the radar this week.

FFIV CHART

WFR

Memc Electronic Materials, Inc. is in a bullish power trend in early trade so keep it on your watchlist.

WFR CHART

SIRF

Sirf Tech Holdings, Inc. is in a bullish power trend in early trading so keep it on the radar.

SIRF CHART

GRMN

Garmin, Ltd. is acting well in early trading so keep it on the trading radar.

GRMN CHART

AMD

Advanced Micro Devices, Inc. has a decent tone in early trading so keep it on the radar.

Celgene profit soars as drug sales rise

BOSTON, Oct 26 (Reuters) - Celgene Corp. (CELG.O: Quote, Profile, Research) said on Thursday third-quarter earnings rose on increased sales of its cancer drugs.

Net income rose to $20.4 million, or 5 cents a share, including share-based compensation expenses, compared with $668,000, or break-even on a per-share basis, a year ago.

Revenue rose 89 percent to $244.8 million, driven by sales of its blood cancer drugs Revlimid and Thalomid.

Excluding one-time items, the company earned 15 cents a share. On that basis, analysts expected, on average, 14 cents a share, according to Reuters Estimates.

Stocks Trading Up In Pre-Market

GOOG, ATVI, CMCSA, AAPL, BOBJ, SEPR, AFFX, COGN, CELG, MICC, KBAY, IDIX, FFIV, PFWD, RAIL, SNDK, NEWP, BIDU, PMTI, EZM, EGHT, and HLIT

Budd Foxx

7 Stocks you need to know for today

CYTYC Corp (CYTC | charts | news | PowerRating) beat earnings on Wednesday after the close; CYTC announced $0.29 EPS vs an expected $0.28 EPS.

Business Objects (BOBJ | charts | news | PowerRating) beat earnings late Wednesday, announcing $0.41 EPS vs an expected $0.34 EPS.

Affymetrix (AFFX | charts | news | PowerRating) matched earnings, hitting -$0.06 EPS.

Johnson Controls (JCI | charts | news | PowerRating) barely beat earnings, announcing $1.86 EPS vs a consensus of $1.85 EPS.

Komag (KOMG | charts | news | PowerRating) missed earnings late Wednesday; KOMG announced $1.04 EPS vs a consensus of $1.10 EPS.

Aetna (AET | charts | news | PowerRating) announces earnings early Thursday; expect $0.72 EPS.

Celgen (CELG | charts | news | PowerRating) also announces Thursday before the open; analysts are looking for $0.14 EPS.


Upgrades and Downgrades

Upgraded this morning include:
MO, MCRI, BER, TI, KOMG, OMM, AFFX, PFWD, and CHS

Downgraded this morning include:
GXP, PNW, AEE, FPL, MUR, RHAT, OSBC, ACXM, USPI, GSIG, ISE, MBHI, TSCO, LSS, CVD, CNL, BKI, OSIP, PTIE, MUR, DTE, HET, and ISE

Budd Foxx

Morning News

  • Futures are up pointing to a higher open this morning.

Weekly jobless claims will be released at 8:30 this morning.

September durable goods orders will be released this morning.

September new home sales due to be released at 10:00 this morning.

Energy Dept. will release natural gas inventories this morning at 10:30.

European markets are trading to the upside today. In Tokyo the Nikkei 225 did end the day higher.

Dow Chemical third quarter sales rise 10% to $12.4 billion, and the company did announce a $2 billion stock buyback.

Wal-Mart Stores Inc. to expand its generic drug program to 12 more states sooner than expected.

Sony Corp. saw a decline in profit of 94%

President Bush to sign bill for 700 miles of fencing along the Mexican border.

The St Louis Cardinals, and Detroit Tigers were rained out last night. Game four will be played tonight.

Crude oil jumped up to $61.29 per barrel.

Wholesale gasoline also up current price is $1.58 per gallon.

Natural gas is up to $7.70 per unit.

Gold is $594.00 per ounce.

Budd Foxx

Earnings

A few of the companies set to report earnings.

Aetna Inc. (AET)
Allegheny Energy (AYE)
AutoNation (AN)
Boyd Gaming (BYD)
Bristol-Myers Squibb (BMY)
Canon (CAJ)
Chesapeake Energy Corp. (CHK)
Columbia Sportswear (COLM)
Denny's Corp. (DENN)
ExxonMobil (XOM)
Gevity (GVHR)
Intuitive Surgical (ISRG)
Kellog Co. (K)
Lennox International (LII)
Liz Claiborne (LIZ)
Massey Energy Company (MEE)
Microsoft (MSFT)
OfficeMax (OMX)
PortalPlayer (PLAY)
Silicon Image (SIMG)
Sony Corp. (SNE)
Suncor Energy (SU)

Budd Foxx

Wednesday, October 25, 2006

DSL

Downey Financial Corp. MACD is looking bullish on a daily chart so keep it on the radar for a possible swing setup.

DSL CHART

ATI

Allegheny Tech, Inc. is acting very well today so keep it on the radar this afternoon.

ATI CHART

Oil Inventories

Energy Dept. just released the numbers:

Oil inventories declined by 3.3 million barrels.

Gasoline saw a decline of 2.8 million barrels.

Distillate stocks declined by 1.4 million barrels.

Budd Foxx

AAPL

Apple Computer, Inc. is in a bullish trend in early trading so keep it on the radar.

BRCM

Broadcom, Corp. is in a bullish trend in early trading so keep it on the radar.

RIMM

Research In Motion Ltd continues to act well so keep it on the trading radar.

Top Performers

YCC / MLS / MTW / ABI

NSC / AV / UHCO / PFCB

BNI

Burlington Northern Santa Fe is in a bullish trend in early trading so keep it on your watchlist.

WFR

Memc Electronic Materials, Inc. has a good tone in early trading so keep it on the radar.

WFR CHART

TIE

Titantium Metals, Corp. continues to act well so keep it on the radar.

GRMN

Garmin, Ltd is in a bullish power trend in early trading so keep it on the radar.

NTRI

Nutrisystem, Inc. is acting very well in early trading so keep it on the radar.

BOBJ

Business Objects has been down about 4 days in a row and is approaching the 200 dma so keep it on the radar this week.

BOBJ CHART

Stocks Trading Up In Pre-Market

NTRI, GOOG, AMZN, TASR, TRMB, ADBE, USIH, ORCT, PTIE, NURO, MICC, KLAC, ARNA, MSCC, EBAY, JBLU, TZOO, APTM, AAPL, NVEC, QLGC, and TRAC

Budd Foxx

7 Stocks you need to know for today

Amazon.com (AMZN | charts | news | PowerRating) beat earnings after Tuesday's close; AMZN announced $0.05 EPS vs an expected $0.03 EPS.

C.H. Robinson (CHRW | charts | news | PowerRating) beat earnings late Tuesday, with $0.40 EPS vs a consensus of $0.39 EPS.

Corning (GLW | charts | news | PowerRating) also beat, announcing $0.28 EPS vs an analyst consensus of $0.25 EPS.

Corporate Executive Board (EXBD | charts | news | PowerRating) beat by $0.02, with $0.52 EPS vs expected $0.50.

ConocoPhillips (COP | charts | news | PowerRating) announces earnings early Wednesday; expect $2.37 EPS.

Colgate-Palmolive (CL | charts | news | PowerRating) reports Wednesday before the close; analysts are looking for $0.72 EPS.

General Motors (GM | charts | news | PowerRating) announces earnings early Wednesday; look for $0.45 EPS.


Upgrades and Downgrades

Upgraded this morning include:
SIMG, BKUNA, CNC, WBSN, JBLU, SBGI, PLT, and MSCC

Downgraded this morning include:
DRIV, MSCC, KELYA, DFG, MSW, IINT, GNSS, TEN, ANDW, DOVP, CPO, CKFR, CYN, SVNT, SNDA, NTES, SCSS, AMSG, RGA, ZRAN, GYI, TEN, TVL, SWK, and FISV

Budd Foxx

Morning News

  • Futures are pointing to a higher open this morning.

Federal Open Market Committee ends two day meeting today. Interest rates are expected to remain unchanged.

Existing home sales for September will be released this morning.

The Energy Dept. will be releasing oil inventories at 10:30 this morning.

European markets are trading to the upside this morning. In Tokyo the Nikkei 225 ended the day lower.

Reports are out that the United States is considering more troops in Baghdad.

Tropical Storm Paul expected to bring big rains to the southern part of Baja.

Amazon.com very active in after hours trading last night. The companies sales came in higher than expectations.

General Motors looks to have beat earnings expectations for the latest quarter.

Countrwide Financial Corp. to cut as many as 2,500 jobs.

The St Louis Cardinals took a 2-1 game lead in the World Series last night by defeating the Detroit Tigers 5-0.

Crude oil is back above $59.00 per barrel.

Wholesale gasoline is $1.53 per gallon.

Natural gas is just below $7.00 per unit.

Gold at $584.00 per ounce.

Budd Foxx

Earnings

Just a few of the companies set to report earnings.

Allegheny Technologies (ATI)
Anheuser-Busch Companies (BUD)
Bebe Stores (BEBE)
Boeing (BA)
Business Objects (BOBJ)
Cleveland Cliffs (CLF)
DaimlerChrysler (DCX)
Elan Corp. (ELN)
F5 Networks (FFIV)
General motors (GM)
Hess Corp. (HES)
Honda Motor Company (HMC)
Johnson Controls (JCI)
Monster Worldwide (MNST)
Nabi Biopharmaceuticals (NABI)
Norfolk Southern Corp. (NSC)
Pulte Homes Inc. (PHM)
RadioShack Corp. )RSH)
Swift Transportation (SWFT)
Taser International (TASR)
WellPoint Inc. (WLP)

Budd Foxx

Tuesday, October 24, 2006

ILMN

Illuminia, Inc. has broken out so keep it on trading radar this afternoon. $44.10 was the breakout on this stock.

NVDA

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

TIE

Titantium Metals, Corp. is in a bullish trend in early trading so keep it on the radar.

RIMM

Research In Motion Ltd. breaks out above $115 per share so keep it on the radar this week.

ININ

Interactive Intelligence, Inc. just made a new 52 week high and is currently in a bullish power trend so keep it on the radar.

X

United States Steel Corp. is in a bullish trend in early trading so keep it on the radar.

MR

Mindray Medical International Ltd. a stock we had on the watch for breakout section yesterday has broken out today so keep it on the radar.

Top Performers

CNC/ GPT / EAT / COH / ALA / LU / WU

TZOO / NFLX / PDSN / ATHR

GS

Goldman Sachs Group, Inc. has broken out so keep it on the trading radar.

TZOO

Travel Zoo, Inc. is in a bullish power trend in early trading so keep it on the radar.

NTRI

Nutisystem, Inc. is acting well in early trading so keep it on the radar.

Stocks Trading Up In Pre-Market

NFLX, LMRA, TZOO, CDWC, ACOR, AMGN, PDSN, ACTI, UTHR, APCC, UCTT, USEY, CHINA, RVSN, and NATI

Budd Foxx

Watch for Breakout

GS (Goldman Sachs) Over 185.50

DST (DST Systems, Inc.) Over 63.60

CHAP (Chaparral Steel Co.) Over 41.70

RIMM ( Research in Motion Ltd) Over 115

ILMN (Illumina, Inc.) Over 44.10

SFLY (Shutterfly, Inc) Over 13.50

DXPE (Dxp Enterprises, Inc.) Over 28.60

NEM (Newmont Mining Corp.) Over 43.75

Upgrades and Downgrades

Stocks upgraded this morning include:
ASTE, ACI, F, RCRC, MDU, VLY, GNTX, SAH, NLY, RSO, and MFA

Stocks downgraded this morning include:
KNX, XPRSA, SWFT, HTLD, ABFS, ROK, BOBJ, RAH, CECO, KMB, BUD, PFE, CPA, TAM, GOL, CNQ, NEW, HMB, PNM, and CINF

Budd Foxx

Morning News

  • Futures are pointing to a lower open this morning.

European markets are flat to slightly lower this morning. In Tokyo the Nikkei 225 did end the day slightly lower.

Federal Open Market Committee begins two day meeting today. All expectations call for no change in interest rates.

Hurricane Paul bearing down on Cabo San Lucas as a category 1 storm.

Jeffrey Skilling sentenced to just over 24 years for his role in the Enron colapse.

Boeing Company expects China's aircraft fleet to more than triple by the year 2025.

Sony Corp. expects orders for battery packs for computers to decline after latest round of recalled batteries.

BP PLC third quarter profit down just over 3% on weak production numbers.

Netflix active in after hours trading last night after reporting a great quarter. The company continues to see growth in subscriber numbers.

Crude oil is $58.62 per barrel.

Wholesale gasoline is currently $1.46 per gallon.

Natural gas is just below $7.00 per unit.

Gold pulling back to $581.00 per ounce.

Budd Foxx

Earnings

A few of the companies due to release earnings.

Altria Group Inc. (MO)
Amazon.com Inc. (AMZN)
Ballard Power Systems (BLDP)
BP PLC (BP)
Burlington Northern Santa Fe Corp.(BNI)
Canadian Pacific Railway (CP)
Centex Corp. (CTX)
CheckFree (CKFR)
Corning (GLW)
Dupont (DD)
Encore Wire (WIRE)
JetBlue Airways (JBLU)
Knoll Inc. (KNL)
Level 3 Communications (LVLT)
Lockheed Martin (LMT)
Nutrisystem (NTRI)
Panera Bread (PNRA)
TravelZoo (TZOO)

Budd Foxx

Monday, October 23, 2006

DIVX

Divx, Inc. has broken out so keep it on the radar this afternoon.

EBAY

EBAy Inc. is acting well here today so keep this stock on your trading radar.

Budd Foxx

CAL

Continental Airlines making new highs of the day here so keep this stock on that trading radar. The stock is trading at a 52 week high.

Budd Foxx

BUCY

BucyRus International Inc. is trading up a bit here the company will be releasing earnings after the bell tonight so keep this stock on that trading radar.

Budd Foxx

AZO

AutoZone Inc. has a very good tone to it this morning so put this stock on that watchlist.

Budd Foxx

PCAR

Paccar Inc. trading at a new 52 week high so keep this stock on that watchlist.

Budd Foxx

GS

Goldman Sachs is acting well here today so keep this stock on your trading radar.

Budd Foxx

IBM

International Business Machines Corp. trading up here in early trading so keep this stock on your trading radar.

Budd Foxx

SHLD

Sears Holding, Corp. is in a bullish power trend to keep it on the radar.

RIMM

Research In Motion Ltd. is in a bullish trend in early trading so keep it on the radar.

WFR

Memc Electronic Materials, Inc. has a decent tone in early trading so keep it on the radar.

GOOG

Google, Inc. is acting very well today so keep it on the radar.

Top Performers

WWY / SNA / ALK / LXK / CAL / IINT

CNCT / MSLV / LMRA / VVUS

AAPL

Apple Computer, Inc. has broken out so keep it on the radar this week.

AAPL CHART

NTRI

Nurtisystem, Inc. has a good tone in early trading so keep it on the radar.

NTRI CHART

GRMN

GRMN Ltd. has a decent tone to it in early trading this morning so keep this stock on that trading radar.

Budd Foxx

Quepasa Corporation to List on NASDAQ

SCOTTSDALE, Ariz., Oct. 20 /PRNewswire-FirstCall/ -- Quepasa Corporation (OTC Bulletin Board: QPSA - News) announced today that it will list its common stock on the NASDAQ Capital Market as of Tuesday, October 24, 2006. Quepasa's trading symbol will be QPSA.

Watch for Breakout

KNOL Over 11

PTRY Over 60

WMS Over 32

MR Over 17.80

TROW Over 48.50

DIVX Over 25.25

LAMR Over 55.15

AAPL Over 80

WOLF Over 13.30

Stocks Trading Up In Pre-Market

BUCY, AAPL, FTEK, UAUA, VVUS, FLML, SNDK, GRMN, SNDK, GOOG, MSLV, LMRA, CNCT, VICL, EZPW, DIVX, AKAM, PSUN, EXLS, and TRBM

Budd Foxx

Upgrades and Downgrades

Upgraded this morning include:
ET, PAYX, BCH, STO, PSUN, FL, BBG, NFX, ARB, CUTY, DJ, NRF, and IFIN

Downgraded this morning include:
FR, ENSI, TRAD, WTW, AIV, REP, FMER, ABG, CFNL, HLIT, SGP, and NEOL

Budd Foxx

Morning News

  • Futures are pointing to a flat to slightly lower open this morning.

European markets are trading to the downside this morning. In Tokyo the Nikkei 225 did end the day higher.

Federal Open Market Committee will be meeting for two days. All expectations call for no change in interest rates.

Wal Mart Stores Inc. will be holding analyst meeting today.

The Lundberg Survey of 7,000 gas stations shows on average the price of gasoline did drop about 8 cents over the past two weeks.

YouTube deletes 30,000 files due to a complaint by a Japanese group. The entertainment group claiming copyright infringement.

Ripplewood Holdings reportedly preparing a bid for Delphi Corp.

Jeffrey Skilling will be in court today in his sentencing phase of trial. He faces up to 20 years in jail for his role in the Enron Colapse.

AOL reaches deal with Paramount Pictures to sell movies and tv. shows through AOL video portal.

Crude oil is currently $58.69 per barrel.

Wholesale gasoline is down to $1.45 per gallon.

Natural gas is back above $7.00 per unit.

Gold back to $590.00 per ounce.

Budd Foxx

Earnings

A few of the companies set to report today.

American Express Company (AXP)
Amgen (AMGN)
AT&T (T)
BucyRus International (BUCY)
CNET Networks (CNET)
DST Systems (DST)
First Data (FDC)
Ford Motor Company (F)
Halliburton Company (HAL)
Kraft Foods (KFT)
Netflix (NFLX)
Plum Creek Timber (PCL)
Rockwell Automation (ROK)
Southwestern Energy (SWN)
Texas Instruments (TXN)

Budd Foxx

Saturday, October 21, 2006

10 Interesting Charts

AIRM, OMCL, GIVN, KNOL, AMR

VPHM, MM, NXG, TPX, SUNH


Ten Interesting Charts

RECOGNIZING FALSE BREAKOUTS AND WHIPSAWS

The market is generating its fair share of colorful phraseology these days. Many traders are calling it nerve-racking or unreliable, while Cody's classic use of the term "dislocations" should find a permanent home in the Terminology Hall of Fame. But is this market really any different from the past?

Of course it's not. The market is bobbing and weaving the same way all stocks, sectors and indices do the majority of the time. Prices trend for a little while and then spend endless weeks testing higher and lower boundaries. Our frustration in playing this market is really a matter of perception, not reality.

Friday, October 20, 2006

DDS

Dillard's, Inc. has a decent tone to it today so keep it on the radar. What doesn't go down when the market goes down almost always goes up when the market goes up.

BNI

Burlington Northern Santa Fe has a good tone in early trading so keep it on the radar.

AAPL

Apple Computer, Inc. has gone green and the 80 strikes on the options could be key today so keep it on the radar.

BIDU

Baidu.com is acting well in early trading so keep it on your watchlist.

VICL

Vical, Inc. is in a bullish trend in early trading so keep it on the radar.

LMRA

Lumera Corp. is in a bullish trend in early trading so keep it on the radar.

PD

Phelps Dodge, Corp. continues to act well so keep it on the radar.

GOOG

Google, Inc. reported good earnings last night and the stock is trading up on the news so keep it on the radar.

Stocks Trading Up In Pre-Market

SIRF, GOOG, BIDU, LMRA, VICL, XLNX, DVAX, AVCI, SIGA, ERIC, DNDN, BRCM, ALTR, ARNA, SNTO, TSTC, and AAPL

Budd Foxx

WATCH FOR BREAKOUT

AAPL above 80

AMLN above 48.50

PWR above 19.05

FOXH above 38.50

PWEI above 37

HOLX above 50

CRM above 42

Upgrades and Downgrades

Upgraded this morning include:
HSY, PVTB, GHL, DOV, LH, and ARB

Downgraded this morning include:
ETR, APCC, TRI, FRE, TPX, CFNL, LEG, FSL, SY, BBX, CAMD, SNDK, UPFC, PDGI, GD, VMC, MLM, B, RSH, YHOO, CCE, WFMI, TVL, JLG, SMTL, ACV, and LRW

Budd Foxx

Morning News

  • Futures are pointing to a slightly higher open this morning.

European markets are trading just a bit higher here today. In Tokyo the Nikkei 225 did end the day higher.

The Dow Jones Industrial Average closed above 12,000 for the first time yesterday.

OPEC has decided to cut oil production by 1.2 barrels per day.

Google Inc. traded higher in after hours trading last night after reporting another strong quarter.Merrill Lynch has lifted its price target from $500.00 per share to $530.00 per share.

Richard Grasso former New York Stock Exchange chief has been ordered by a judge to pay back up to $100 million of his pay package.

Sony delaying the release of its latest product the Locationfree TV Box. The company is gearing up for its release of the Playstation 3 in November.

The Detroit Tigers will face the St.Louis Cardinals in the World Series.

Crude oil is $58.70 per barrel.

Wholesale gasoline is $1.48 per gallon.

Natural gas just under $7.00 per unit.

Gold back to just above $600.00 per ounce.

Budd Foxx

Earnings

A few of the companies reporting today.

3M Company (MMM)
Alfa Corp. (ALFA)
Arch Coal Inc. (ACI)
Caterpillar Inc. (CAT)
Ecolab Inc. (ECL)
Inco (N)
Merck & Company (MRK)
Schering - Plough (SGP)
Schlumberger (SLB)
Transalta Corp. (TAC)
Ventana Medical Systems (VMSI)
VF Corp. (VFC)

Budd Foxx

Thursday, October 19, 2006

LMRA

Lumera Corp. is acting well today so keep it on the radar this afternoon.

PD

Phelps Dodge, Corp. is in a bullish trend this afternoon so keep it on the radar.

TIE

Titantium Metals, Corp. just made a new intraday high so keep it on the radar this afternoon.

LSTR

Landstar System, Inc. is acting very well today so keep it on the radar this afternoon.

UPS profit tops view

CHICAGO (Reuters) - Package delivery company United Parcel Service Inc. (NYSE:UPS - News) said on Thursday quarterly profit rose higher than market expectations, citing strong global demand for packages, and its shares rose in trading.

SHLD

Sears Holding, Corp. has is in a bullish trend in early trading so keep it on the radar.

RIMM

Research In Motion Ltd. has a good tone in early trading so keep it on the radar.

SNDK and GOOG

Sandisk and Google, Inc. will report earnings after the bell today so keep them on the radar in after hours.

Top Performers

AAPL / ALB / B / BCR / ACI / BTU / MGI

CNX / NVEC / JAKK / LMRA / VIGN

EBAY

Ebay, Inc. is in a bullish power trend in early trading so keep it on the radar.

EBAY CHART

NEM

Newmont Mining Corp. has a good tone in early trading so keep it on the radar.

NEM CHART

PAAS

Pan American Silver Corp. has a decent tone in early trading so keep it on the trading radar.

PAAS CHART

CCJ

Cameco Corp. has a good tone in early trading so keep it on the radar.

AAPL

Apple Computer, Inc. reported good earnings and the stock is trading up on the news so keep it on the radar. The 80 strikes on the options could be key.

Stocks Trading Up In Pre-Market

ERIC, AAPL, AVCT, NVEC, WFMI, IONA, HANS, LOGI, PETC, GOOG, EBAY, CHKP, SNDK, SPWR, RATE, TRAD, KO, and AMGN

Budd Foxx

WATCH FOR BREAKOUT

TTEC (Teletech Holdings) Over 16.14

TROW (T. Rowe Price Group) Over 48.38 - 48.50

LAMR (Lamar Advertising) Over 55.14

WOLF (Great Wolf Resorts) Over 13.28

ZOLT (Zoltek Companies) Over 27

OXPS (Options Express) Over 29.37

Upgrades and Downgrades

Upgraded this morning:
CVNS, APOL, CMN, JNPR

Downgraded this morning include:
KMR, ALL, CTXS, PNFP, KMP, GD, CX, WM, APOL, FPFC, IFIN, GPC, OMM, TSN, AMD, AFG, STJ, and FULT

Budd Foxx

Morning News

  • Futures are pointing to a flat to slightly lower open this morning.
  • Weekly Jobless Claims will be released before the market opens this morning.
  • Leading indicators for September will be released at 10:00 this morning.
  • October Philidelphia Fed Survey will be released at noon today.
  • Energy Dept. will release natural gas inventories at 10:30 this morning.
  • European markets are trading to the downside today. In Tokyo the Nikkei 225 did end the day lower.
  • Apple Computer saw big sales of its iPod and Macintosh computers. The company earned $546 million or 62 cents per share which was above expectations.
  • Boeing signs $1.07 billion contract with the U.S. Airforce. The company will build military satellites if approved by Congress.
  • Wal-Mart Stores to expand its reduce price on generic prescription plan to 14 more states.
  • Coca Cola out with strong earnings. The company also plans to buyback $2 billion to $2.5 billion in stock.
  • Nissan Motor Company to recall 130,000 vehicles due to an ignition problem.
  • Crude oil is down to $57.75 per barrel.
  • Wholesale gasoline is $1.46 per gallon.
  • Natural gas back up to $6.83 per unit.
  • Gold just above $590.00 per ounce.

Budd Foxx

Earnings

A few of the companies set to report today.

Avici Systems Inc. (AVCI)
Bank of America (BAC)
Baxter International (BAX)
Broadcom (BRCM)
Canadian National Railway (CNI)
Citigroup Inc. (C)
Continental Airlines (CAL)
Eli Lilly (LLY)
Google (GOOG)
Honeywell (HON)
Landstar System (LSTR)
Nokia (NOK)
Peabody Energy Corp. (BTU)
Rambus Inc. (RMBS)
Southwest Airlines (LUV)
The Coca Cola Company (KO)
Union Pacific (UNP)
Wyeth (WYE)

Budd Foxx

Wednesday, October 18, 2006

Apple's quarterly profit surges, beats estimates

Apple Computer's profit soared 27 percent in the latest quarter on strong sales of its Macintosh computers and iPod digital music players, the company said Wednesday.

Apple reported net income surged to $546 million, or 62 cents a share, up from $430 million, or 50 cents a share, in the same period last year. Revenue jumped nearly 32 percent to $4.84 billion in the quarter ended Sept. 30.

Barchart Top 100 Stocks

Top 100 Stocks for Oct 17 average Weighted Alpha is +182.06

Barchart Top 100 Stocks

FOXH

Foxhollow Tech, Inc. just made a new intraday high so keep it on the radar this afternoon.

FOXH CHART

POT

Potash Corp. is acting well today so keep it on the trading radar.

OIL Inventories

Energy Dept. just released the oil inventories.

Crude oil saw a build of 5.1 million barrels.

Gasoline saw a decline of 5.2 million barrels.

Distillates saw a decline of 4.5 million barrels.

Budd Foxx

IBM

International Business Machines Corp. is acting very well in early trading and could be momentum if the stock is closing strong so keep it on the radar.

Top Performers

IVN / IBM / SYK / CSX / ILMN / SNTS

SIGM

Sigma Designs, Inc. continues to act well so put it on the trading radar.

SIGM CHART

KBAY

Kanbay International, Inc. just made a new 52 week high so keep it on the trading radar.

KBAY CHART

BNI

Burlington Northern is acting very well in early trading so keep it on the radar.

BNI CHART

SHLD

Sears Holding, Corp. is in a bullish trend in early trading so keep it on the radar.

SHLD CHART

ILMN

Illumina Inc., which makes genetic-variation measuring equipment, said Tuesday it swung to a third-quarter profit as sales of instruments soared.

The company earned $16.2 million, or 32 cents per share, compared with a loss of $1.4 million, or 3 cents per share, a year ago. Analysts polled by Thomson Financial expected earnings of 16 cents per share.

Stocks Trading Up In Pre-Market

YHOO, AAPL, SNDK, BRCM, INTC, SIGA, ILMN, PARL, HWAY, SONE, UAUA, VPHM, LINTA, NITE, TTWO, ALTI, and SNTS

Budd Foxx

Upgrades and Downgrades

Upgrades:

USM, TIBX, LTXX, EVBS, STO, IPAR, ANDW, IBM, PGR,

TKLC, DWA, KMP, UAUA, JNJ

Downgrades:

FSII, CGNX, USNA, CNW, ENDP, TRLG, SEE, ARTG, EMC,

IBKC, FFIC, ICOS, FRX, HWAY, ELY, WSH, PRE, CME

NTAP, SPLS, NYT, MAN, SKYW and YHOO




7 Stocks you need to know for today

Commerce Bancorp (CBH | charts | news | PowerRating)

Hansen
(HANS | charts | news | PowerRating)

Intercontinental Exchange
(ICE | charts | news | PowerRating)

Commerce Bancorp (CBH | charts | news | PowerRating)

Morning News

  • Futures are pointing to a higher open this morning.
  • Consumer Price Index will be released before the open this morning.
  • Housing starts for the month of September will be released at 8:30 this morning.
  • Building permit figures will also be released at 8:30 this morning.
  • The Energy Dept. will release oil inventories at 10:30 this morning.
  • European markets are trading to the upside today. In Tokyo the Nikkei 225 ended the day higher.
  • Yahoo Inc. net sales rise, but the company reported a 37% drop in profit. The company also did announce a $3 billion share buyback plan.
  • International Business Machines Corp. trading higher after releasing earnings yesterday.
  • Motorola trading lower after reporting a below forcast number in sales.
  • Carnival Corp. to increase quarterly dividend.
  • Honda Motor Company now selling business jets here in the United States.
  • Crude oil is back down to $58.57 per barrel.
  • Wholesale gasoline is $1.46 per gallon.
  • Natural gas back up to $6.45 per unit.
  • Gold is currently $595.00 per ounce.

Budd Foxx

Earnings

A few of the companies set to report earnings.

Abbott Laboratories (ABT)
Advanced Micro Devices (AMD)
AMR Corp. (AMR)
Apple Computer (AAPL)
Boston Scientific (BSX)
Capital One Financial (COF)
E*Trade Financial Corp. (ET)
eBay (EBAY)
Gilead Sciences (GILD)
J.P. Morgan Chase & Company (JPM)
Juniper Networks (JNPR)
Kinder Morgan (KMI)
Lufkin Industries (LUFK)
NVE Corp. (NVEC)
Piper Jaffray (PJC)
Raymond James (RJF)
St. Jude Medical (STJ)

Budd Foxx

Tuesday, October 17, 2006

ACOR

Acorda Therapeutics, Inc. has a good tone in early trading so keep it on the radar.

ACOR CHART

Top Performers

BOT / LEA / ODP / ICE / CME

LMRA / ITMN / ICOS / PMTR / BWN

SHLD

Sears Holding, Corp. has a decent tone in early trading so keep it on the radar.

SHLD CHART

LMRA

Lumera Corp. is in a bullish power trend in early trading so keep it on the radar.

LMRA CHART

VPHM

Viropharma, Inc. has a good tone to it in early trading so keep it on the radar.

VPHM CHART

Stocks Trading Up In Pre-Market

LMRA, PEIX, ITMN, LVLT, ACOR, MRK, MER, VPHM, GGBM, HOKU, GNTA, TRMS, ATHR, JBLU, BWNG, and ICOS

Budd Foxx

Merrill Lynch 3Q Profit Doubles

NEW YORK (AP) -- Merrill Lynch & Co., the nation's largest brokerage, on Tuesday reported third-quarter profit more than doubled on a huge one-time gain resulting its deal with money manager BlackRock Inc.

7 Stocks you need to know for today

Coca-Cola (KO | charts | news | PowerRating)

ACM Income Fund (ACG | charts | news | PowerRating)

Corrections Corp of America (CXW | charts | news | PowerRating)

Harrah's Entertainment (HET | charts | news | PowerRating)

Upgrades and Downgrades

Upgraded this morning include:
CSU, ATHR, SNPS, PPDI, EDO, XPRT, and ITMN

Downgraded this morning include:
INTC, DVD, OPEN, KFN, NRF, WERN, PTRY, YHOO, WNS, NCX, ASYT, REP, TICC, GAIN, AINV, ARCC, NRMX, EHP, NTRT, ETN, LRCX, SHPGY, and UCTT

Budd Foxx

Morning News

  • Futures are pointing to a lower open this morning.
  • August Producer Price Index will be released at 8:30 this morning.
  • Industrial Production figures for September will be released at 9:15 this morning.
  • September Capacity Utilization will also be released this morning.
  • European markets are trading to the downside today. In Tokyo the Nikkei 225 did lose ground.
  • InterMune reaches a deal with Roche Holdings.
  • Callaway Golf warns on quarterly sales.
  • Hewlett Packard wins two U.S. defense contracts . The deal reportedly worth $440 million over the 8 year period.
  • Sony Corp. to recall 60,000 battery packs in Japan, and also plans to recall another 30,000 in China.
  • Google Inc. to go solar. The company going to be capable of providing up to 30% of its peak electricity needs at its headquarters in Mountain View from solar power.
  • Wal Mart Stores Inc. reportedly to buy Chinese retail chain.
  • Crude oil back to $60.00 per barrel.
  • Wholesale gasoline is $1.50 per gallon.
  • Natural gas back up to $6.60 per unit.
  • Gold inching its way back to $600.00 per ounce.

Budd Foxx

Earnings

A few of the companies set to report earnings.

A.O. Smith Corp. (AOS)
Adtran Inc.(ADTN)
American Ecology (ECOL)
American Standard (ASD)
Charles & Colvard (CTHR)
Cognex (CGNX)
CSX (CSX)
Forest Laboratories Inc. (FRX)
Illunina Inc. (ILMN)
Intel Corp. (INTC)
Johnson & Johnson (JNJ)
KeyCorp. (KEY)
Merrill Lynch (MER)
Motorola Inc. (MOT)
Office Depot (ODP)
SunTrust (STI)
United Technologies (UTX)
Yahoo Inc. (YHOO)

Budd Foxx

Monday, October 16, 2006

ECA

Encana Corp. was recommended today by Raymond James and could be momentum if the stock is closing strong so keep it on the radar.

VSEA

Varian Semiconductor Equip has a decent tone to it today so keep it on the radar this afternoon.

CHAP

Chaparral Steel Company just made a new 52 week high so keep it on the trading radar.

CHAP CHART

NVDA

Nvdia Corp. just made a new 52 week high so keep it on the trading radar.

BNI

Burlington Northern Santa Fe Corp. has a good tone in early trading so keep it on the radar.

DVAX

Dynavax Tech Corp. is in a bullish power trend this morning in early trading so keep it on the radar.

Top Performers

JLG / GWW / MMC / X / ESLR / RVBD

TIE

Titantium Metals, Corp. continues to act well so keep it on your watchlist.

TIE CHART

BRCM

Broadcom, Corp. is acting well in early trading so keep it on the radar.

BRCM CHART

SNDK

Sandisk, Corp. Bear Sterns is out with positive comments on this stock so keep it on the radar this week.

Stocks Trading Up In Pre-Market

ARNA, INTC, SNDK, OLAB, ESLR, EZPW, STLD, GOOG, MTSN, MSFT, ACOR, APKT, RVBD, OMRI, NICE, SPTN, NABI, FLSH, and FNSR

Budd Foxx

WATCH FOR BREAKOUT

SNDK (Sandisk Corp) Over 60

CNI (Canadian Natl. Railway) Over 42.90

ISE (International Securities Exchange) Over 50

NCR (NCR Cp) Over 39.68

WIRE (Encore Wire) Over 34.84

IIIN (Insteel Industries Inc.) Over 22.50

Upgrades and Downgrades

Upgraded this morning include:
LOW, CCU, NWS, AA, AL, CSC, INTX, NE, and HES

Downgraded this morning include:
RGC, OSK, NEW, LEND, HD, AEOS, CBB, NFG, PKX, VSH, TBBK, NCTY, ALSK, IFF, NGS, BRNC, CPX, PTEN, BAS, THE, HET, UNM, and BPOP

Budd Foxx

Morning News

  • Futures are pointing to a flat to slightly lower open this morning.
  • European markets are trading slightly higher today. In Tokyo the Nikkei 225 did end the day higher.
  • A 6.6 magnitude earthquake rocks Hawaii over the weekend.

  • UnitedHealth CEO William McGuire stepping down.
  • Research In Motion to delay filing results until stock option grant review is complete.
  • Honda Motor Company saw a jump in sales of 28% in China in the month of September from the same time period one year ago.
  • Comcast Corp. to offer its high speed internet customers trial of internet video service for free next month.
  • Oshkosh Truck Corp. to buy JLG Industries Inc. for $3 billion.
  • Toshiba, Fujitsu, and Hitachi reportedly may seek compensation from Sony Corp. for its problems with battery packs for laptop computers.
  • Crude oil just below $59.00 per barrel.
  • Wholesale gasoline is $1.48 per gallon.
  • Natural gas has dipped below $6.00 again.
  • Gold up a bit to $597.00 per ounce.

Budd Foxx

Saturday, October 14, 2006

Crooks hijack online brokerage accounts

WASHINGTON (Reuters) -- High-tech crooks are hijacking online brokerage accounts using spyware and operating from remote locations, sometimes in Eastern Europe, U.S. market regulators said on Friday.

The computer "incursions" are a growing problem, said Walter Ricciardi, deputy enforcement director at the U.S. Securities and Exchange Commission.

"It's something we're very concerned about," he said in remarks at a legal conference in Washington.

About 25 percent of U.S. retail stock trades are made by online investors through roughly 10 million online accounts, according to brokerages regulator NASD.




Friday, October 13, 2006

TIE

Titanium Metals Corp. just made a new intraday high so keep it on the radar this afternoon.

TIE CHART

ILMN

Illumnia, Inc. has a good tone to it this afternoon so keep it on your watchlist.

ILMN CHART

RMBS

Rambus, Inc. is in a bullish trend so keep it on the radar this afternoon.

RMBS CHART

NVDA

Nvidia Corp. has a decent tone to it today so keep it on the radar.

NVDA CHART

BRCM

Broadcom, Corp. just made a new intraday high so keep it on the radar.

MSFT

Microsoft Corp. continues to act well so keep it on the trading radar.

MSFT CHART

NIHD

NII Holdings, Inc. breaks out around $65 per share so keep it on the radar.

NIHD CHART

CHAP

Chaparral Steel Company is acting well in early trading so keep it on the radar.

CHAP CHART

Top Performers

SYX / KGC / AEM / AG / LPTH / EZPW / HRLY

SNDK

Sandisk, Corp. this stock breaks out around $59.50 per share so keep it on the radar.

SNDK CHART

HOG

Harley-Davidson, Inc. was downgraded by Goldman Sachs this morning so this could be a potential short candidate.

HOG CHART

AAPL

Apple Computer, Inc. has a decent tone in early trading so keep it on the radar.

AAPL CHART

In Venezuela, gas costs less than water

The car show in Venezuela's capital was filled with men who gravitate to the SUVs, peering through their windows and slipping into their leather seats.

Many said they were looking for a powerful engine, but no one asked about gas mileage. In oil-rich Venezuela, gasoline costs as little as 12 cents a gallon due to government subsidies, and SUVs are selling briskly

Stocks Trading Up In Pre-Market

JDO, UHCP, EZPW, FCFS, SONC, GOOG, AAPL, CYTR, MSFT, NVEC, INFY, LOGI, FWRD, SEPR, THQI, SNTO, PALM, QCOM, and DIVX

Budd Foxx

3 potential ETFs setups

A less than stellar earnings report from Alcoa (AA) on the first major day of earnings season triggered an opening gap down in the broad market. Buyers immediately stepped in and enabled the major indices to rally higher and "fill the gap," but the bears arrived back on the scene and took control just after mid-day. As stocks began to retrace the morning recovery, news of a small plane crashing into a New York City building briefly sent the market sharply lower. With one hour remaining, stocks began to rebound after initial fears of terrorism abated, but the technical damage from the afternoon selloff was already done.

Upgrades and Downgrades

Upgraded this morning include:
CLAY, NAT, SNE, TWTC, HRP, and FIF

Downgraded this morning include:
MEOH, PLCM, YUM, WERN, CACB, PRFT, HOG, ALTR, CNX, MEE, OVRL, HTLD, VIAC, WEN, VSEA, CBEY, BFAM, and YHOO

Budd Foxx

Morning News

  • Futures are pointing to a flat to slightly lower open today.
  • Retail sales for September will be released at 8:30 this morning.
  • Consumer sentiment for October will be released this morning.
  • September import price index will also be released today.
  • European markets are trading to the upside today. In Tokyo the Nikkei 225 ended the day higher.
  • General Electric due to release earnings before the open this morning.
  • ACME Packet Inc. new issue set to begin trading today on the Nasdaq under the symbol ( APKT )
  • EZCorp. Inc. raises outlook on financial forcast.
  • Hewlett Packard Company names Jon Hoak new chief ethics and compliance officer.
  • Toyota Motor Corp. rolls out first Kentucky made hybrid. The company plans to produce up to 48,000 hybrid cars at the new Kentucky plant.
  • Homebuilder Centex Corp. out with a profit warning.
  • Pennsylvania jury rules that Wal Mart Stores Inc. violated labor laws.
  • All eyes on the Dow Jones Industrial Average as it attempts to take out 12,000
  • Buffalo New York getting pounded by lake effect snow. Reports are out that the area has already recieved over 2 feet of snow. 250,000 people are without power, and more snow is expected to fall throughout the day on Friday.
  • Crude oil up just a bit to $58.36 per barrel.
  • Wholesale gas is $1.46 per gallon.
  • Natural gas has dropped to $5.66 per unit.
  • Gold seems to be hanging right around $580.00 per ounce.
Budd Foxx

Thursday, October 12, 2006

WFR

Memc Electronic Materials, Inc. is acting well going into the close so keep it on the radar.

PALM

Palm, Inc. is acting well this afternoon so keep it on the radar.

PALM CHART

PD

Phelps Dodge, Corp. continues to act well so keep it on the trading radar this afternoon.

STLD

Steel Dynamics, Inc. just made a new intraday high so keep it on the radar this afternoon.

STLD CHART

MSFT

Microsoft, Corp. is acting very well today so keep it on the radar this afternoon. This stock breaks out at $28.12.

MSFT CHART

DIVX

Divx, Inc. a new issue is acting well so keep it on the radar this afternoon.

DIVX CHART

SIR

Sirva, Inc. is acting very well today so keep it on the trading radar.

SIR CHART

BA

The Boeing Company has a good tone to it today so keep it on the radar.

Oil Inventories

Energy Dept. just released the following:

Crude oil saw a build of 2.4 million barrels

Gasoline inventories saw a build of 300,000 barrels.

Distillates declined by 1.6 million barrels.

Natural gas saw a build of 62 billion cubic feet.

Budd Foxx

ACOR

Acorda Therapeutics, Inc. made a new 52 week high this morning so keep it on the radar.

ACOR CHART

AAPL

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

AAPL CHART

Technical Difficulties

Blogger had server problems this morning and we were unable to post.

Top Performers

AAPL/ CBG / DLX / YUM / ZZ / SIMC / VSTH /

DSCO / CTDC / TUES / GNBT

CSCO CHART

This stock has a good looking chart so keep it on the radar for a possible swing or position trade. Posted by Picasa

7 Stocks you need to know for today

BristolMyers Squibb (BMY | charts | news | PowerRating)

Wolverine World Wide (WWW | charts | news | PowerRating)

Honeywell International (HON | charts | news | PowerRating)

Martek Biosciences (MATK | charts | news | PowerRating)




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