Tuesday, October 31, 2006
Goldman adds Cisco to conviction buy 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
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
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
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
Budd Foxx
BSC
Budd Foxx
WFR
Budd Foxx
CAL
Budd Foxx
LLL
Budd Foxx
NE
Budd Foxx
YHOO
Stocks Trading Up In Pre-Market
Budd Foxx
Watch for Breakout
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
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
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
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
XMSR
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks you need to know for today
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
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
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
BOOM CHART
VCLK
VCLK CHART
RVBD
RVBD CHART
FFIV
FFIV CHART
WFR
WFR CHART
SIRF
SIRF CHART
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
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
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
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
DSL CHART
Oil Inventories
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
BNI
BOBJ
BOBJ CHART
Stocks Trading Up In Pre-Market
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
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
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
ININ
MR
Stocks Trading Up In Pre-Market
Budd Foxx
Watch for Breakout
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
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
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
CAL
Budd Foxx
BUCY
Budd Foxx
AZO
Budd Foxx
IBM
Budd Foxx
GRMN
Budd Foxx
Watch for Breakout
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
Budd Foxx
Upgrades and Downgrades
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
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
RECOGNIZING FALSE BREAKOUTS AND WHIPSAWS
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
AAPL
GOOG
Stocks Trading Up In Pre-Market
Budd Foxx
WATCH FOR BREAKOUT
AMLN above 48.50
PWR above 19.05
FOXH above 38.50
PWEI above 37
HOLX above 50
CRM above 42
Upgrades and Downgrades
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
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
SNDK and GOOG
PAAS
PAAS CHART
AAPL
Stocks Trading Up In Pre-Market
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
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
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 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.
FOXH
FOXH CHART
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
ILMN
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
Budd Foxx
Upgrades and Downgrades
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
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
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
Stocks Trading Up In Pre-Market
Budd Foxx
Merrill Lynch 3Q Profit Doubles
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
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.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
VSEA
DVAX
SNDK
Stocks Trading Up In Pre-Market
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
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
TIE CHART
HOG
HOG 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
Budd Foxx
3 potential ETFs setups
Upgrades and Downgrades
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.
Thursday, October 12, 2006
STLD
STLD CHART
MSFT
MSFT CHART
Oil Inventories
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
7 Stocks you need to know for today
Wolverine World Wide (WWW | charts | news | PowerRating)
Honeywell International (HON | charts | news | PowerRating)
Martek Biosciences (MATK | charts | news | PowerRating)