Wednesday, February 28, 2007
TATTF
Stocks Bouncing this Morning
CME, BOT, RIMM, ATI, LVS, and ICE
Oil Inventories
Crude oil saw a build of 1.4 million barrels.
Gasoline saw a decline of 1.9 million barrels.
Distillates also saw a decline of 3.8 million barrels.
Budd Foxx
Hammerstone Daily Massive
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks you need to know for today
Novatel Wireless (NVTL | charts | news | PowerRating) barely beat earnings on Tuesday after the bell, announcing $0.14 EPS over an estimated $0.13 EPS.
Wynn Resorts (WYNN | charts | news | PowerRating) also beat on Tuesday afternoon, with $0.53 EPS over a consensus of $0.47.
CarMax (KMX | charts | news | PowerRating) announces earnings on Wednesday before the open, with analysts looking for $0.43 EPS.
Joy Global (JOYG | charts | news | PowerRating) is expected to report $0.60 EPS on Wednesday before the bell.
Liz Claiborne (LIZ | charts | news | PowerRating) reports quarterly earnings Wednesday before the market opens; look for $0.97 EPS.
When Interpublic Group (IPG | charts | news | PowerRating) announces quarterly earnings on Wednesday before the open, watch for $0.22 EPS.
Sprint Nextel (S | charts | news | PowerRating) is looking to announce $0.29 EPS tomorrow morning.
Upgrades and Downgrades
AXP, FDP, RNWK, BEAS, CIEN, RJET, LLL, BA, CDI, EGLE, ADSK, ADBL, and FNM
Downgraded this morning include:
WPI, GMST, RRI, LMT, PRAI, XPRT, AV, SFC, and PTMK
Budd Foxx
Morning News
Fourth quarter gross domestic product figures will be released before the open this morning.
Chicago PMI will be released at 9:45 this morning.
January new home sales will be released at 10:00 this morning.
Energy Dept. will release oil inventories at 10:30 this morning.
European markets are trading to the downside again so far today.
In Tokyo the Nikkei 225 did end lower.
Yesterday's selloff was the biggest drop in the market in nearly 5 years.
Ben Bernanke will be speaking before the House today.
Home Depot Inc. expects 2007 earnings per share to be down between 4% and 9% per share.
BlackRock Inc. raising quarterly dividend by 60%.
Lockheed Martin Corp. reportedly has been awarded $979.2 million contract by the Dept. of Defense.
Crude oil is currently just below $61.00 per barrel.
Wholesale gasoline is now $1.80 per gallon.
Natural gas is $7.46 per unit.
Gold taking a hit is currently $679.00 per ounce.
Budd Foxx
Tuesday, February 27, 2007
Follow-up on this afternoon's gap down in the market
Follow-up on Chinese stock market sell-off
Pre-Market Gappers
BRCD +9.1%, MRVL +3.4%, BBI +2.3%, STTS +1.9%, SNE +1.5%...
Gapping down:
SHFL -14.6%, TSL -6.1%, DYN -5.8%, AU -5.3%, GOLD -5.3%, AAUK -5.1%, GFI -4.9%, NYX -4.2%.
7 Stocks you need to know for today
Focus Media (FMCN | charts | news | PowerRating) beat earnings Monday afternoon, announcing $0.64 EPS over an expected $0.63 EPS.
Cogent (COGT | charts | news | PowerRating) missed earnings on Monday after the bell; analysts expected $0.15 EPS, but the company announced $0.14 EPS.
Target (TGT | charts | news | PowerRating) announces earnings on Tuesday before the bell, with analysts looking for $1.27 EPS.
El Paso (EP | charts | news | PowerRating) should report $0.19 EPS on Tuesday before the market opens.
When Federated Department Stores (FD | charts | news | PowerRating) reports quarterly earnings Tuesday morning, watch for $1.57 EPS.
Analysts are watching for Harrah's Entertainment (HET | charts | news | PowerRating) to report $0.65 EPS on Tuesday before the market opens.
Heinz (HNZ | charts | news | PowerRating) is looking to report $0.61 EPS tomorrow morning.
Upgrades and Downgrades
FCX, MCO, BRCD, NVO, ABX, SHPGY, GE, and RMIX
Downgraded this morning include:
TGP, PTEN, TOO, RAIL, BBBY, NYX, FMX, CRDN, ALD, HBG, CCRT, and OMPI
Budd Foxx
Morning News
February durable goods orders will be released at 8:30 this morning.
February consumer confidence will be released at 10:00 this morning.
January existing home sales set to be released at 10:00 this morning as well.
European markets are taking a hit so far today.
In Tokyo the Nikkei 225 did end the day lower.
Iran's foreign minister reportedly has said his country will not stop uranium enrichment program ever again.
The U.S. dollar reaches two month low against the euro.
Wal Mart Stores Inc. reportedly will buy 35% stake in Trust Mart. Trust Mart operates a chain of hypermarkets in China.
AB Volvo reportedly will buy road development division from Ingersoll Rand for $1.3 billion.
Toyota Motor to spend $830 million to build vehicle assembly plant in Mississippi.
People will have to wait till mid March according to Apple Computer for its highly anticipated release of Apple TV.
Crude oil is currently $61.45 per barrel.
Wholesale gasoline is $1.78 per gallon.
Natural gas is $7.68 per unit.
Gold down just a bit to $686.00 per ounce.
Budd Foxx
Monday, February 26, 2007
NVEC
MSTR
5 Undiscovered Growth Stocks
For all of the talk over why you should never overpay for a stock, the plain truth is that most of the 10 best stocks of the past decade were expensive in 1997. That's why I think you should always supplement a portfolio of cheap tortoises with some high-octane hares.
And now may be a great time to go shopping. Evidence says a growth-stock rally is under way right now.
Five Undiscovered Growth StocksRIMM
Stocks Trading Up In Pre-Market
Budd Foxx
Upgrades and Downgrades
KO, CELL, RHT, MRK, AVR, CMVT, LINC, BDN, CTV, RIMM, STJ, NSM, JCP, and ISIL
Downgraded this morning include:
EXFO, HYSL, EXM, MHP, MCO, CY, INSU, DVAX, NYT, TXU, CYBI, CAM, GT, UIL, UTHR, CPTS, CC, MDG, STN, and SYK
Budd Foxx
Morning News
European markets are trading to the upside so far today.
In Tokyo the Nikkei 225 did end with another up day.
Dow Chemical reportedly will recieve takeover bid valued as much as $54 billion by private equity bidders.
TXU Corp. board has agreed to buyout for $44 billion.
CitiGroup Inc. reportedly will increase its stake in Nikko Cordial a Japanese brokerage business.
DaimlerChrysler reports are out is considering a swap of its Chrysler unit for a stake in General motors.
After last weeks mess JetBlue has been forced to cancel 68 flights so far due to snow in the northeast.
The Lundberg Survey shows a 13 cent rise in what we pay for a gallon of gasoline over the past two weeks.The national average is $2.34 a gallon.
Crude oil is currently $61.44 per barrel.
Wholesale gasoline is $1.76 per gallon.
Natural gas is $7.83 per unit.
Gold is up to $688.00 per ounce.
Budd Foxx
Sunday, February 25, 2007
Saturday, February 24, 2007
7 Stocks you need to know for Monday
Abraxis BioScience (ABBI | charts | news | PowerRating) announces quarterly earnings on Monday before the bell, with analysts looking for $0.15 EPS.
Cablevision (CVC | charts | news | PowerRating) is expected to report -$0.02 EPS when the company reports earnings Monday morning.
Analysts are watching for Entercom Communications (ETM | charts | news | PowerRating) to announce $0.34 EPS on Monday before the market opens.
When Ceradyne (CRDN | charts | news | PowerRating) reports earnings on Monday before the bell, look for $1.19 EPS.
Marvel Entertainment (MVL | charts | news | PowerRating) is looking to announce $0.10 EPS early Monday.
XM Satellite Radio (XMSR | charts | news | PowerRating) should report -$0.72 EPS on Monday before the market opens.
Nordstrom (JWN | charts | news | PowerRating) reports after the close Monday, so watch for heightened price action and volatility ahead of the bell.
Friday, February 23, 2007
GRMN
Stocks Trading Up In Pre-Market
Budd Foxx
Upgrades and Downgrades
PGI, TCB, NEW, KND, FII, BPT, UCTT, QADI, ISE, COR, R, ETN, THOR, APD, EXC, BFS, RBA, WDC, DCI, XRTX, ASPM, CMVT, SRE, CTSH, HCR, PHRM, EDO, PAAS, and TRX
Downgraded this morning include:
BIO, MPWR, LLL, MOVE, AT, KSWS, TKLC, CSGP, RLI, TK, NIHD, MCCC, WMB, NEM, CRK, and DE
Budd Foxx
Morning News
Futures are pointing to a lower open this morning.
European markets are trading flat to slightly lower so far today.
In Tokyo the Nikkei 225 did see another up day.
H&R Block reports third quarter loss.
Microsoft slapped with $1.5 billion in damages regarding patent infringment held by Alcatel-Lucent.
Reports are out that Arcelor Mittal will spend $2.2 billion to develope iron ore mining in Senegal.
FCC looking into proposed 7 year deal between Direct Tv and Major League Baseball.
NYMEX Holdings plans a stock offering valued at over $1 billion.
Salmonella outbreak reaches 41 states. ConAgra foods Sylvester Georgia plant is believed to be the spot of origin.
Crude oil is up to $61.21 per barrel.
Wholesale gasoline is now $1.75 per gallon.
Natural gas is $7.63 per unit.
Gold just above $680.00 per ounce.
Budd Foxx
Thursday, February 22, 2007
7 Stocks you need to know for Friday
Chesapeake Energy (CHK | charts | news | PowerRating) beat earnings Thursday after the close, with $0.90 EPS over an expected $0.76 EPS.
Cabela's (CAB | charts | news | PowerRating) beat earnings on Thursday after the bell, announcing $0.80 EPS over a consensus of $0.77 EPS.
Clear Channel Communications (CCU | charts | news | PowerRating) announces earnings on Friday before the open, with analysts watching for $0.41 EPS.
Lowe's (LOW | charts | news | PowerRating) is expected to announce $0.37 EPS on Friday before the bell.
Mediacom Communications (MCCC | charts | news | PowerRating) announces quarterly earnings Friday morning; look for -$0.07 EPS.
Analysts are looking for Nicor (GAS | charts | news | PowerRating) to announce $0.98 EPS on Friday morning.
When Weingarten Realty (WRI | charts | news | PowerRating) reports quarterly earnings tomorrow morning, watch for $0.72 EPS.
Pre-Market Gappers
OATS +17.3%, BRKR +11.9%, GMR +10.3%, VCLK +9.9%, WFMI +7.4%, CPSL +6.8%, ADI +6.5%, MXIM +4.5%, LLTC +4.2%, BRNC +4.2%, NSM +4.0%, BLDP +2.9% AAPL, GOOG
Gapping Down:
KSWS -14.2%, CRM -5.1%, ANF -3.4%, SNDK -1.8%.
Watch for Breakout
PCU Over $70
FDX Over $120
IWOV Over $16.50
TSRA Over $43.25
MR Over $27.25
USU Over $15
Upgrades and Downgrades
WFMI, STXS, LEXG, STX, ADI, FBP, QMED, ED and GG
Downgrades:
SNDK, RAH, WAT, VCLK, IVGN, PGTI and FLDR
7 Stocks you need to know for today
Salesforce.com [NYSE:CRM] beat earnings Wednesday after the bell, with $0.10 EPS over a consensus of $0.07 EPS. CRM's PowerRating is 7.
Abercrombie [NYSE:ANF] matched earnings expectations Wednesday after the market closed, announcing $2.14 EPS. ANF's PowerRating is 6.
Whole Foods [Nasdaq:WFMI] missed earnings on Wednesday afternoon barely missing with $0.38 EPS versus an expected $0.40 EPS. WFMI signed an agreement to acquire Wild Oats Markets [Nasdaq:OATS] after hours on Wednesday. WFMI's PowerRating is 5.
Ballard Power [Nasdaq:BLDP] is expected to report -$0.15 EPS on Thursday before the market opens. BLDP's PowerRating is 3.
JC Penney [NYSE:JCP] announces quarterly earnings on Thursday morning; watch for $1.97 EPS. JCP's PowerRating is 5.
Analysts are looking for Sempra Energy [NYSE:SRE] to report $1.13 EPS on Thursday before the market opens. SRE's PowerRating is 6.
When Newmont Mining [NYSE:NEM] reports quarterly earnings on Thursday morning, look for $0.38 EPS. NEM's PowerRating is 4.
Morning News
- Futures are up this morning pointing to a higher open.
- Weekly jobless claims will be released at 8:30 this morning.
- Energy Dept. will release oil inventories including natural gas inventories at 10:30 this morning.
- European markets are trading to the upside here today.
- In Tokyo the Nikkei 225 ended the day up to reach levels it has not seen in 6 years.
- Whole Foods Market Inc. has agreed to buy Wild Oats Market for $565 million.
- Apple Computer and Cisco Systems have settled iPhone trademark dispute.
- Toll Brothers first quarter net income down nearly 67% from the same time period one year ago.
- Nintendo's Wii leads the way for gaming consoles in the month of Jan. selling 436,000 units.
- American Airlines to expand coverage in and out of New York.
- Crude oil is sitting just under $60.00 per barrel.
- Wholesale gasoline is up to $1.70 per gallon.
- Natural gas is $7.60 per unit.
- Gold is $681.00 per ounce.
Budd Foxx
Wednesday, February 21, 2007
VMC
TEX
Top Performers
ORB / WMG / CPC / JUPM / PXLW / CYTR
AMSG / TASR / TXRH / NICE / AG / DE
Pre-Market Gappers
JUPM +29.7%, TXRH +7.7%, CYTR +5.3%, FCEL +4.9%, QCC +4.0%, TASR +4.0%, HL +3.7%, CROX +2.3%, JADE +2.5%...
Gapping Down:
PCYC -38.5%, NFI -34.6%, HNAB -24.7%, ONSM -12.3%, STEC -9.4%, NEW -8.0%, PWAV -7.0%, EP -4.9%, MDT -4.6%, AAUK -3.2%, KRSL -2.7%, DCX -2.0%.
Watch for Breakout
FDRY Over $16
GWW Over $80
KIM Over $53.30
NTY Over $55
SY Over $26.50
VTR Over $48
7 Stocks you need to know for today
Hewlett-Packard (HPQ | charts | news | PowerRating) beat earnings Tuesday after the bell, with $0.65 EPS over a consensus of $0.62 EPS.
Chemed (CHE | charts | news | PowerRating) beat earnings Tuesday after the market closed, announcing $0.73 EPS over an expected $0.57 EPS.
Euronet (EEFT | charts | news | PowerRating) reports earnings on Wednesday before the bell, with analysts looking for $0.29 EPS.
Jack In The Box (JBX | charts | news | PowerRating) is expected to report $0.81 EPS on Wednesday before the market opens.
Medco Health Solutions (MHS | charts | news | PowerRating) announces quarterly earnings on Wednesday morning; watch for $0.79 EPS.
Analysts are looking for Arcelor Mittal (MT | charts | news | PowerRating) to report $1.38 EPS on Wednesday before the market opens.
When TJX Companies (TJX | charts | news | PowerRating) reports quarterly earnings on Wednesday morning, look for $0.51 EPS.
Upgrades and Downgrades
MCHX, EDS, WFC, MAT, ACAS, WMG, FOSL, PGN, TXRH, and MTN
Downgraded this morning include:
IN, SAF, NFI, QCOM, KSU, CSX, HAS, MOT, SMG, GMXR, ACOR, AINV, ACAS, RNT, CAE, SHPGY, and SLM
Budd Foxx
Morning News
Consumer Price Index will be released at 8:30 this morning.
January Leading Indicators will be out at 10:00 this morning.
Minutes from the last FOMC meeting will be released this afternoon.
European markets are trading flat to just slightly lower.
In Tokyo the Nikkei 225 did end just a touch lower.
Hewlett-Packard reports a rise of 26% in quarterly profit on strong personal computer, and printer sales.
Anglo America reports a 3 billion dollar buyback program after the company reported a 76% rise in 06' net profit.
JetBlue Airways plans customer bill of rights after week of delays, cancelled flights, and lost belongings.
British Airways to purchase four Boeing 777.
Tony Blair expected to announce a plan to withdraw up to half of its countries troops from Iraq.
Crude oil is lower again today to $58.42 per barrel.
Wholesale gasoline is $1.64 per gallon.
Natural gas is $7.60 per unit.
Gold pulled back yesterday to $662.00 per ounce.
Budd Foxx
Tuesday, February 20, 2007
Watch for Breakout
LIFC Over $24.25
SIRF Over $32
RIMM Over $140
PNRA Over $60.25
PLXT Over $10.50
WGO Over $35
Stocks Trading Up In Pre-Market
Budd Foxx
Upgrades and Downgrades
SNDK, CELL, PPCO, GRC, TIN, LEA, MOS, CBK, SUN, and EGHT
Downgraded this morning include:
LRCX, VSEA, FRT, KNDL, TRXI, PT, UHS, XCO, TDSC, SNDK, IRBT, and QLTI
Budd Foxx
Morning News
In Europe markets are trading to the downside so far today.
In Tokyo the Nikkei 225 did end the day just a tick lower.
Sirius Satellite Radio and Xm Satellite Radio have agreed to a merger. XM shareholders would recieve 4.6 shares of Sirius if the companies can get the deal past the FCC, and the U.S. Dept. of Justice antitrust division. If that happens Mel Karmazin would remain in charge of the company.
Vulcan Materials to buy Florida Rock in a cash and stock deal.
Shire Plc. has agreed to buy New River Pharmaceuticals Inc. for $2.6 billion.
AB Volvo has made a bid to take over Nissan Diesel.
Home Depot Earnings seem to have come in a little light of street expectations.
JetBlue Airways stranding customers on airplanes for up to 8 hours, losing belongings of its passengers, and canceling over 1,100 flights over a six day period.
Crude oil is pulling back this morning current price is $58.29 per barrel.
Natural gas is $7.47 per unit.
Gold down just a bit to $670.00 per ounce.
Budd Foxx
Saturday, February 17, 2007
7 Stocks you need to know for Tuesday
Alltel (AT | charts | news | PowerRating) reports earnings Tuesday morning before the market opens; watch for $0.58 EPS.
When Elan (ELN | charts | news | PowerRating) announces earnings on Tuesday morning, watch for -$0.22 EPS.
FirstEnergy (FE | charts | news | PowerRating) is looking to announce $0.85 EPS when the company reports earnings on Tuesday morning.
When Home Depot (HD | charts | news | PowerRating) reports quarterly earnings on Tuesday before the market opens, look for $0.51 EPS.
Wal-Mart (WMT | charts | news | PowerRating) is expected to announce $0.90 EPS on Tuesday morning.
Both Hewlett-Packard (HPQ | charts | news | PowerRating) and Medtronic (MDT | charts | news | PowerRating) report earnings Tuesday after the close, so watch for heightened price action and volatility ahead of the bell.
Friday, February 16, 2007
NYX
ACOR
PCR
XMSR
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks you need to know for today
Allied Waste (AW | charts | news | PowerRating) beat earnings on Thursday after the close, announcing $0.17 EPS over an expected $0.14 EPS.
Psychiatric Solutions (PSYS | charts | news | PowerRating) beat earnings Thursday after the close, with $0.33 EPS over a consensus of $0.30 EPS.
Campbell Soup (CPB | charts | news | PowerRating) reports quarterly earnings on Friday before the market opens, with analysts looking for $0.63 EPS.
Goodyear Tire (GT | charts | news | PowerRating) is looking to announce $0.36 EPS Friday morning.
Analysts are watching for Hormel Foods (HRL | charts | news | PowerRating) to report $0.55 EPS tomorrow when the company announces quarterly earnings.
J.M. Smucker (SJM | charts | news | PowerRating) announces earnings on Friday morning before the bell; watch for $0.69 EPS.
When Visteon (VC | charts | news | PowerRating) announces earnings tomorrow morning, watch for -$0.81 EPS.
Upgrades and Downgrades
BFAM, RARE, RLH, SGXP, STRA, CHA, CS, SPC, AVP,SSCC, IP, PKG, KO, PEP, CL, LTXX, and STMP
Downgraded this morning include:
AQNT, STZ,MRH, CECO, NCI, SMBI, EXPE, AT, IDA, APPB, PYX, DENN, and ALXN
Budd Foxx
Morning News
Producer price index for January will be released before the open this morning.
Housing starts for the month of January will also be released before the open today.
Building permits for the month of January will also be released.
University of Michigan's consumer sentiment for the month of February will be releaed today.
European markets are trading to the downside today.
In Tokyo the Nikkei 225 did end just slightly lower.
Microsoft Corp. might feel some pressure after CEO statements. Steve Ballmer believes analyst expectations for the new operating system Vista are to high. He also believes estimates for operating expenses are to low.
Reports are out that American Airlines could be the target of investors for a possible buyout.
Cisco Systems extends deadline for Apple Computer by a week to respond to a trademark infringement lawsuit.
It is being reported that charges against former executives from Broadcom, Apple, and KLA Tencor could be looming relating to the backdating of stock options.
The Hershey Company plans to move a large portion of its production to Mexico. The company will close plants and cut jobs.
Crude oil is just under $58.00 per barrel.
Wholesale gasoline is $1.58 per gallon.
Natural gas is $7.32 per unit.
Gold sitting just under $670.00 per ounce.
Budd Foxx
Thursday, February 15, 2007
SHLD
DE
Stocks Trading Up In Pre-Market
Budd Foxx
Watch for Breakout
CHKP Over $25
FDRY Over $15.75
KEY Over $39.50
KLIC Over $10
TRT Over $16
UBB Over $100
7 Stocks you need to know for today
Applebee's (APPB | charts | news | PowerRating) beat earnings on Wednesday afternoon, announcing $0.27 EPS over an expected $0.23 EPS.
Guess (GES | charts | news | PowerRating) beat earnings expectations on Wednesday after the close, with $0.99 EPS over a consensus of $0.93 EPS.
Agilent (A | charts | news | PowerRating) reports quarterly earnings on Thursday before the bell, with analysts looking for $0.34 EPS.
Advance Auto Parts (AAP | charts | news | PowerRating) announces earnings Thursday before the market opens; watch for $0.33 EPS.
Foundation Coal Holdings (FCL | charts | news | PowerRating) is expected to announce $0.23 EPS on Thursday morning.
When Molson Coors Brewing (TAP | charts | news | PowerRating) reports earnings on Thursday morning, watch for $0.94 EPS.
Analysts are looking for Trina Solar (TSL | charts | news | PowerRating) to report $0.16 EPS on Thursday morning.
Upgrades and Downgrades
NMX, TCBI, ZION, NTAP, ODP, ARII, NFS, AEOS, JBLU, ENN, and CRL
Downgraded this morning include:
BIDU, RIG, AMR, RNWK, CSX, RARE, ENN, SGP, WCG, DADE, ROIA, and STAK
Budd Foxx
Morning News
Weekly jobless claims set to be released at 8:30 this morning.
January import and export prices will also be released at 8:30 this morning.
January industrial production numbers will be released at 9:15 this morning.
Philadelphia fed survey will be released at lunch time today.
Energy Dept. set to release natural gas inventories this morning.
In Europe markets are pretty flat just slightly lower today.
In Tokyo the Nikkei 225 did see another up day.
Ben Bernanke set for second day of testimony.
New one dollar coin featuring George Washington set to go into circulation.
Warren Buffett's Berkshire Hathaway loading up in U.S. Bancorp.
Toyota Motor Corp. saw a boost in vehicle sales in Europe for the month of January.
Baidu.com reports very strong quarter. First quarter estimates fall short of expectations.
Reports are out that JetBlue had customers sitting on runways for up to 10 hours waiting for break in the storm that hammered the northeast yesterday.
Crude oil is $58.42 per barrel.
Wholesale gasoline is $1.62 per gallon.
Natural gas is $7.28 per unit.
Gold up just a bit to $674.00 per ounce.
Wednesday, February 14, 2007
Oil Inventories
Crude oil sa a decline of 600,000 barrels.
Gasoline saw a drop of 2 million barrels.
Distillates declined by 3 million barrels.
Budd Foxx
Top Performers
CORI / FSLR / GRMN / PFCB / LVS
IVGN / MVSN / GS / RIMM / WYNN
Watch for Breakout
CHKP Over $25
QSFT Over $16
DEO Over $80.25
SKYF Over $29
AMG Over $115
BOBE Over $35
CAT
Stocks Trading Up In Pre-Market
Budd Foxx
7 Stocks you need to know for today
Volcano (VOLC | charts | news | PowerRating) beat earnings on Tuesday after the bell, announcing $0.04 EPS over an expected -$0.02 EPS.
Applied Materials (AMAT | charts | news | PowerRating) matched earnings Tuesday afternoon with $0.27 EPS.
Accredited Home Lenders (LEND | charts | news | PowerRating) announces earnings on Wednesday before the open, with analysts looking for -$0.45 EPS.
Coca-Cola (KO | charts | news | PowerRating) is expected to report $0.50 EPS on Wednesday before the open.
When DaimlerChrysler (DCX | charts | news | PowerRating) announces quarterly earnings Wednesday morning, look for $0.85 EPS.
Analysts are expecting Daktronics (DAKT | charts | news | PowerRating) to report $0.17 EPS Wednesday before the market opens.
Watch for Deere (DE | charts | news | PowerRating) to report $0.81 EPS tomorrow morning.
Upgrades and Downgrades
MIPS, APPB, CCI, GGP, AMAT, KBH, HIH, NDAQ, and FDX
Downgraded this morning include:
EFD, HST, EMT, CHH, BWLD, TLCV, and NDAQ
Budd Foxx
Morning News
European markets are trading slightly higher today.
In Tokyo the Nikkei 225 did see another up day.
January retail sales numbers will be out today.
December business inventories will also be released this morning.
The Energy Dept will release oil and gas inventories at 10:30 this morning.
Ben Bernanke set to begin two days of testimony today.
Reports are out that National, Dollar, Alamo, and Thrifty car rentals are talking merger.
DaimlerChrysler reportedly set to announce major changes in the company. Expectations look for the company to cut roughly 10,000 jobs.
International Business Machines reportedly has developed a new way to use memory technology.
Coca Cola Company will release earnings today.
Major snow storm taking hold of the northeast today. Travel delays are expected for the next couple of days.
Crude oil is $58.68 per barrel.
Wholesale gasoline is $1.59 per gallon.
Natural gas is $7.42 per unit.
Gold is now $673.00 per ounce.
Budd Foxx