Friday, June 29, 2007

7 Stocks you need to know for Monday

99 Cents Only (NDN | charts | news | PowerRating) reports quarterly earnings on Monday before the open, with analysts looking for flat results ($0.00 EPS).

Healthways (HWAY | charts | news | PowerRating) reports earnings on Thursday afternoon, looking for $0.29 EPS.

Apple (AAPL | charts | news | PowerRating) releases its much-hyped iPhone on Friday evening around the country.

Research In Motion (RIMM | charts | news | PowerRating) gained 20% on Friday trading, after the company reported gang-busters earnings on Thursday night.

Blockbuster (BBI | charts | news | PowerRating) reported plans to close nearly 300 stores this year.

Commerce Bancorp (CBH | charts | news | PowerRating) rose nearly 10% after the company announced its firing of its Chairman and CEO, on insider trading-related charges.

Komag (KOMG | charts | news | PowerRating) jumped nearly 8% after announcing plans to be bought by Western Digital.


M

Macy's, Inc. is perking up a bit here so keep it on the radar.

BUCY CHART


This security breaks out over $73 per share so keep it on the radar. MACD is looking bullish.

FCX

Freeport-McMoran Copper & Gold is acting well in early trading so keep it on the radar.

Top Performers

CBH / FLR / RIMM / APOL / HLYS / KOMG

CROX

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

BIDU

Citigroup raised the target on BIDU from $150 to $195 this morning.

RIMM

Research in Motion, Ltd. beat earning and then announced a 3 for 1 split.

S&P futures vs fair value: +1.5. Nasdaq futures vs fair value: +7.0.

Sentiment has improved since the last update, but futures were strengthening and pointing to a higher open for the cash market even before investors got wind of a tame read on inflation. May personal income rose 0.4% (consensus 0.6%) while personal spending rose 0.5% (consensus 0.7%). The more closely watched core-PCE deflator rose 0.1%, which assuages inflation concerns as the year-over-year rate drops to 1.9% and finally within the Fed's "comfort zone." Bonds have also improved, pushing the yield on the 10-yr note (+7/32) to 5.07%.

Pre-Market Gappers

Gapping up:


CRYO +51.8%, RIMM +18.8%, KOMG +7.5%, APOL +7.3%, CBH +6.3%, PCLN +3.6%, TASR +3.1%, FLR +3.0%, ARBA +2.9%, JBLU +2.6%...

Gapping down:

AHM -7.5%, TIBX -4.5%, PALM -4.0%, CPO -2.5%, MT -1.2%, CCL -1.1%.

Watch for Breakout

CF Over $61.50

CRDN Over $75.50

ENTG Over $12

MVSN Over $31

SUNH Over $15

NVTL Over $26.50

ZRAN Over $20.70

CHARTS

Upgrades and Downgrades

Upgraded this morning include:

KOMG, ARBA, RBN, NETL, FLR, RIMM, SNTS, FNM, COGN, ROH, and CYH

Downgraded this morning include:

CRZO, PMI, MTG, AHM, TSU, KOMG, CHRD, and PALM

Budd Foxx

Morning News

Futures are pointing to a weak start to the day.

European markets are trading lower so far today.

In Tokyo the Nikkei 225 did end higher.

Crude oil is up to $70.32 per barrel.

Wholesale gasoline is $2.27 per gallon.

Natural gas has slipped to $6.71 per unit.

Gold back up to $653.00 per ounce.

May personal income figures will be released at 8:30 this morning.

Consumer spending for the month of May will also be released at 8:30 this morning.

June Chicago PMI set for release just after the open.

Construction spending for the month of May will be out at 10:00 this morning.

Consumer sentiment also set for release at 10:00 this morning.

The federal Reserve as expected left interest rates unchanged.

Former HealthSouth CEO Richard Scrushy sentenced to 6 years in prison.

The FDA is haulting shipments of 5 different kinds of farm raised fish from China.

Big day for Apple Computer as they are set to release the iPhone today. Two versions of the phone will be available one for $499.00 the other $599.00

Research In Motion shares surged last night in after hours trading on quarterly results. The company also announced a 3 for 1 stock split.

Budd Foxx

Thursday, June 28, 2007

BOOM CHART


Look for a continuation on Friday for this security.

7 Stocks you need to know for Friday

Apollo Group (APOL | charts | news | PowerRating) beat earnings on Thursday afternoon, announcing $0.75 EPS over an expected $0.68 EPS.

Palm (PALM | charts | news | PowerRating) beat expectations this afternoon, with $0.17 EPS over a consensus of $0.15 EPS.

AZZ Incorporated (AZZ | charts | news | PowerRating) reports earnings on Friday before the bell, with analysts looking for $0.42 EPS.

When A. Schulman (SHLM | charts | news | PowerRating) reports earnings during trading on Friday, analysts will be watching for $0.25 EPS.

Beazer Homes (BZH | charts | news | PowerRating) announced the firing of the company's Chief Accounting Officer, after the manager attempted to destroy documents surrounding a pending federal investigation of the company's mortgage business.

General Mills (GIS | charts | news | PowerRating) fell on Thursday after the company announced that Q4 profits rose less than 1%.

General Motors (GM | charts | news | PowerRating) gained on Thursday after the company announced a sale of its Allison Transmission business for $5.6 billion

Cramer Answers on Stockpickr

On Stockpickr Answers Thursday and late Wednesday, Jim Cramer responded to a new batch of questions posed by members of the Stockpickr community.

Anybody can ask, respond or comment at Stockpickr Answers; the top responders get ranked in our "Top Analysts" section.

Cramer Answers on Stockpickr

RIMM Earnings After the Bell

Research in Motion, Ltd. it looks like Rimm will report earnings after the bell today.

CROX

Crocs, Inc. as of today this stock has been down 4 days in a row. Stocks that are down Monday, Tuesday, Wednesday and Thursday sometimes rally on Friday due to short covering. Keep this stock on the radar for Friday.

GTI Rumor

GTI: Hearing Eaton Corp. may make bid in the high 20's

GROW

U.S Global Investors, Inc. has a good tone in early trading so keep it on the radar.

Top Performers

MDG / DDS / D / LIZ / ACL / COMV

CRYO / HOKU / DSTI / AMSC

BIDU

Baidu.com, Inc. has broken out and made a new 52 week high so keep it on the radar.

OXY

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

CSCO

Cisco Systems, Inc. was upgraded this morning so keep it on the radar.

S&P futures vs fair value: -2.8. Nasdaq futures vs fair value: -2.5.

Still shaping up to be a sluggish start for the cash market as futures continue to languish below fair value. Early sentiment has deteriorated slightly since the last update, as equity investors take a bearish cue from a pullback in Treasuries. Further analysis of the GDP report's inflation component, which surprisingly checked in a bit stronger than expected, has left bond traders feeling increasingly defensive heading into today's FOMC mystery. The 10-year note is now down 4 ticks to yield 5.09%.

AAPL News

Apple Computer, Inc. confirms that iPhone will go on sale this Friday, June 29 at 6:00 p.m. local time at Apple retail stores nationwide.

XM-Sirius merger could get boost - TheDeal.com

TheDeal.com reports the FCC late Wednesday said it was reexamining the 10-year-old rule that poses a big roadblock to the planned merger of Sirius Satellite Radio (SIRI) and XM Satellite Radio Holdings (XMSR). The FCC asked for comment from industry and the public on a rule it issued in 1997 in conjunction with its creation of satellite radio and the two licenses for the service now held by XM and Sirius. The rule prohibits both licenses from being controlled by the same co. But after Sirius and XM asked for federal approval to consummate a $13 bln merger in Feb. 19, the FCC has asked for comments addressing whether the prohibition should be modified or repealed. The fate of the rule is expected to be decided prior to an FCC rulin

Pre-Market Gappers

Gapping up:


MDG +12.7% BBW +12.0%, NTO +10.1%, AMSC +7.5%, DNDN +5.7%, ONT +5.6%, RAD +5.4%, IMMR +5.3%, DDS +4.9%, IMOS +4.0%, TASR +3.7%, AMR +3.1%, COF +2.8%...


Gapping down:

DRIV -14.2%, MNTA -14.0%, LSI -7.3%, SMOD -5.9%, BZH -4.2%, AUY -3.2%, BBBY -3.1%, NVLS -2.8%, ESC -2.8%, LRCX -2.0%, AU -1.9%, ASML -1.6%, AMAT -1.5%.

Watch for Breakout

ANAD Over $14

AMSC Over $20

CY Over $24

VRGY Over $30.25

ERES Over $9.30

LBIX Over $4.70

LCC Over $30

Morning News

Futures are pointing to a flat to alightly lower open this morning.

European market are trading higher today.

In Tokyo the Nikkei 225 did end higher.

Crude oil moving up to $69.33 per barrel.

Wholesale gasoline has moved up to $2.27 per gallon.

Natural gas sitting back above $7.00 per unit.

Gold is currently $648.00 per ounce.

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

1st quarter gross domestic product will be out before the market open this morning.

Federal Open Market Committee will release a statement just after 2:00 this afternoon. Expectations call for no change to interest rates.

Intel Corp. upgraded to overweight at Lehman Brothers this morning.

Research In Motion, and Palm Inc. a couple of the companies set to release earnings this morning.

Michael Rand Chief Accounting Officer at Beazer Homes has been fired for attemting to destroy documents.

Playboy to open huge mansion at gambling resort in Macau.

Budd Foxx

Wednesday, June 27, 2007

FUL CHART


This stock broke out on Wednesday on good earnings so look for a possible follow through on Thursday.

7 Stocks you need to know for Thursday

Intervoice (INTV | charts | news | PowerRating) beat earnings on Wednesday after the close, with $0.04 EPS over a consensus of $0.02 EPS.

Red Hat (RHT | charts | news | PowerRating) beat earnings on Wednesday afternoon, announcing $0.16 EPS over an expected $0.15 EPS.

Constellation Brands (STZ | charts | news | PowerRating) reports earnings on Thursday before the bell, with analysts looking for $0.15 EPS.

Family Dollar Stores (FDO | charts | news | PowerRating) should announce $0.41 EPS before the bell on Thursday.

When General Mills (GIS | charts | news | PowerRating) reports quarterly earnings on Thursday morning, watch for $0.63 EPS.

KB Home (KBH | charts | news | PowerRating) is expected to report $0.07 EPS on Thursday morning before the market opens.

Analysts will be watching for Rite Aid (RAD | charts | news | PowerRating) to report -$0.01 EPS tomorrow morning.


CPHD

Cephed is acting very well and could be momentum so keep it on the radar going into the close.

Railroad Stocks to Watch

BNI, NSC, UNP and RAIL

LCC CHART


This stock breaks out over $30 per share and has resistance at the 50 dma around $34.25

COCO Rumor

COCO: hearing ESI interested in buying company in the mid 20's for expansion

WFR

Memc Electronic Materials, Inc. is perking up a bit here so keep it on the radar. Closing above the 50 dma would be considered bullish for this security.

WFR CHART

GROW 200 dma Alert


U.S. Global Investors, Inc. is once again testing support at the 200 dma so keep it on the radar as the stock has been down about 4 days in a row.

GRMN CHART


This stock is acting well today so keep it on the radar as it could break out in the near future.

GS

Goldman Sachs, Inc. is acting well today and could get dressed up a little bit to end the quarter so keep it on the radar.

Top Performers

HRB / STP / NKE / GTRC / ANDW / JSDA

ILMN

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

S&P futures vs fair value: -11.1. Nasdaq futures vs fair value: -9.8

Durable Orders fell for the first time since January, checking in with a larger than expected decline of 2.8% for May (consensus -1.0%) given a decline in aircraft orders. Non-defense capital goods orders excluding transportation, which provide a clearer read on business capital investment, fell 3.0%. Futures trade has dipped further below fair value following the weak data, signaling an even lower start for the cash market. Bonds, though, have strengthened as the 10-year note is now up 10 ticks to yield 5.03%.

JSDA

Jones Soda, Inc. is trading up in pre-market so keep it on the radar today.

JSDA CHART

Pre-Market Gappers

Gapping up:

GTRC +20.8%, ANDW +13.0%, YMI +9.9%, ALAN +7.7%, NKE +4.9%, JSDA +3.4%, CAG +2.7%, IOC +2.2%, BBY +2.0%...

Gapping down:

NUVO -22.2%, HOKU -2.7%, GFI -2.1%, FFIV -1.7%, BHP -1.3%.

Watch for Breakout

ATML Over $5.90

DMC Over $13.50

CPHD Continuation

ININ Over $20.60

MED Over $9.40

TMTA Over $0.60

VRSN Over $30.60

CHARTS

Upgrades and Downgrades

Upgraded this morning include:

MLNM, FIRE, PRXL, BRKR, KSS, and CHFC

Downgraded this morning include:

SUN, VLO, TSO, VMSI, and FFIV

Budd Foxx

Morning News

Futures are pointing to a flat to slightly weaker open this morning.

European markets are trading lower today.

In Tokyo the Nikkei 225 did lose ground.

Crude oil has pulled back to $67.32 per barrel.

Wholesale gasoline is sitting at $2.24 per gallon.

Natural gas has dropped to $6.81 per unit.

Gold has fallen to $644.00 per ounce.

Durable goods orders for the month of May will be released at 8:30 this morning.

The Energy Dept. will release weekly oil inventory levels at 10:30 this morning.

The Fed will kick off two day meeting today. All expectations call fore no change to interest rates.

Look for some end of the quarter window dressing.

Nike Inc. reporting a 32% profit rise and saw the largest boost in orders in four years.

Oracle Corp. profits beat the street and the company is giving up beat growth forcast.

Citigroup Inc. in talks to buy Automated Trading Desk for around $700 million.

Bank of America has gotten approval to open brokerage firm in Taiwan.

Budd Foxx

Tuesday, June 26, 2007

CPHD CHART


This stock could follow through on Wednesday so keep it on your watch list.

7 Stocks you need to know for Wednesday

Oracle (ORCL | charts | news | PowerRating) beat earnings on Tuesday after the bell, announcing $0.37 EPS over an expected $0.35 EPS.

Nike (NKE | charts | news | PowerRating) matched earnings expectations on Tuesday with $0.86 EPS.

ConAgra (CAG | charts | news | PowerRating) reports quarterly earnings on Wednesday before the bell; watch for $0.31 EPS.

When McCormick (MKC | charts | news | PowerRating) announces earnings before the bell on Wednesday, look for $0.33 EPS.

Standard Microsystems (SMSC | charts | news | PowerRating) should report $0.25 EPS before the market opens on Wednesday.

Micron (MU | charts | news | PowerRating) and Red Hat (RHT | charts | news | PowerRating) both report earnings on Wednesday after the close, so watch for heightened price action and volatility ahead of the bell.

FSLR

First Solar, Inc. continues to act well and could be momentum so keep it on the radar.

ELN

Elan Corp. has a good tone to it today so keep it on the radar this afternoon.

PETM Rumor

PETM hearing private equity interested in stock at these levels thats why relative strength hearing 45 plus

Solar Stocks to Watch

DSTI, ASTI, SOLF, JASO, and FSLR

CROX

Crocs, Inc. is starting to perk up a bit here so keep it on the radar. This stock breaks out over $47.40 per share.

DSTI

Daystar Tech, Inc. is once again acting very well so keep it on the radar.

Top Performers

HUN / EAS / GGP / VMSI / ASTI

HOKU / DSTI / SOLF / OMX

NTRI CHART

This security is forming a nice flat base so watch for a break out in the near future.

S&P futures vs fair value: +5.7. Nasdaq futures vs fair value: +8.2.

S&P 500 and Nasdaq 100 futures are off their best levels but still trade well above fair value, indicating a higher open for equities. Aside from temporary relief regarding subprime woes, the market is also exhibiting a better bias ahead of more economic data that is likely to, at worst, keep the Fed and its tightening bias sidelined for the time being. Yesterday's troubling report on Existing Home Sales report should place added emphasis on this morning's New Home Sales data while investors at 10:00 ET will also digest an update on Consumer Confidence.

Pre-Market Gappers

Gapping up:

VMSI +51.6%, EAS +20.9%, HUN +16.4%, GORX +10.9%, HOKU +6.2%, GGP +3.3%, SMSI +3.1%, TASR +2.3%...


Gapping down:


RAIL -3.9%, URZ -2.9%, LEN -2.0%, TGT -1.2%.

Watch for Breakout

ABCO Over $54.90

BTJ Over $43

CROX
Over $47.40

IOC
Continuation

DSTI Continuation

NSH Over $38

XRAY Over $37.50

Upgrades and Downgrades

Upgrades:

AYE, CELG, GENZ, DLB, YSI, EIX, EAS, WINN

Downgrades:

CSG, BIIB, HGSI, MLNM, TLVT

ABCO CHART


This stock breaks out over $54.90 so keep it on the radar today.

Morning News

Futures are pointing to a slightly higher open this morning.

European markets are trading lower so far today.

In Tokyo the Nikkei 225 ended lower.

Crude oil is sitting just below $69.00 per barrel.

Wholesale gasoline is $2.28 per gallon.

Natural gas remains just below $7.00 per unit.

Gold is currently $652.00 per ounce.

May new home sales numbers will be out at 10:00 this morning.

June consumer confidence will also be released at 10:00 this morning.

Energy Esat to bought for $4.5 billion.

Upper Deck to launch hostile bid for Topps at around $425 million.

Target Corp. saying same store sales for June will come in at low end of expectations.

Budd Foxx

Monday, June 25, 2007

7 Stocks you need to know for Tuesday

Synnex (SNX | charts | news | PowerRating) beat earnings expectations on Monday afternoon, announcing $0.46 EPS over an expected $0.44 EPS.

Kroger (KR | charts | news | PowerRating) is expected to report $0.48 EPS on Tuesday before the opening bell.

When Lennar (LEN | charts | news | PowerRating) announces quarterly earnings tomorrow morning, watch for $0.01 EPS.

Analysts are watching for Steelcase (SCS | charts | news | PowerRating) to announce $0.19 EPS before the bell on Tuesday.

Nike (NKE | charts | news | PowerRating), H.B. Fuller (FUL | charts | news | PowerRating) and Oracle (ORCL | charts | news | PowerRating) all report earnings on Tuesday after the market closes, so watch for heightened price action and volatility ahead of the bell.

DSTI

Daystar Tech, Inc. an old momentum stock is acting very well today so keep it on the radar.

JASO

JA Solar, Holdings Company Ltd continues to act well so keep it on the radar.

WFR

Memc Electronic Materials, Inc. has a good tone in early trading so keep it on the radar as the semiconductors have been strong.

ELX

Emulex Corp. we are hearing takeover rumors on this security so keep it on the radar.

FSLR

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

Top Performers

LUM / SYNM / OMTR

OREX

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

AAPL

Apple Computer, Inc. continues to act well so keep it on the radar.

Our Interview on Wall St. Radio

Dennis Olson from www.wallst.net was nice enough to interview us a few weeks ago. You can listen to the full interview by clicking on the link below:

Our Interview on Wall St Radio

Pre-Market Gappers

Gapping Up:


FRH +17.2%, SYNM +13.8%, COLY +11.5%, OMTR +9.6%, PIR +7.7%, DCEL +5.5%, SMSI +4.1%, IPG +4.0%, MCHX +3.8%, GIVN +3.5%, PTT +3.3%, LUM +3.0%, GM +2.8%, TRMP +2.7%, HK +2.7%, BOBJ +2.4%...


Gapping Down:


TTWO -3.8%, NVDA -2.6%, CROX -2.3%, AAUK -2.1%, CSG -1.5%, CCL -1.4%.

Watch for Breakout

ANGO Over $18

APOL Over $49.75

KLAC Over $57

HLX Over $41.50

PRWT Over $14.65

TRMB Over $32.10

TEVA Over $40.90

CHARTS

Upgrades and Downgrades

Upgraded this morning include:

GM, PER, OMC, ABI, SMSI, MIG, BBSI, CVX, IPG, TRLG, PIR, FCBP, and BMY

Downgraded this morning.

CLUB

Budd Foxx

Morning News

Futures are pointing to a slightly higher open this morning.

European markets are trading lower so far today.

In Tokyo the Nikkei 225 did end lower.

Crude oil pulling back a bit to $68.27 per barrel.

Wholesale gasoline is currently $2.26 per gallon.

Natural gas has fallen to under $7.00 per unit.

Gold is sitting at $653.00 per ounce.

At 10:00 this morning existing home sales will be released.

The Lundberg Survey showing a drop in gasoline prices of 11 cents over the past two weeks. The national average of a gallon of unleaded gas is right at $3.00 per gallon.

Goldman Sachs has upgraded General Motors from nuetral to a buy.

Jones Apparel selling Barneys New York for $825 million.

Apple Computer set for highly anticipated release of its iPhone this week.

Reports are out a deal is near for Dow Jones and News Corp. after weekend of serious talks.

Warren Buffet auctioning a private dinner with the man for charity on eBay again this year.

Budd Foxx

Sunday, June 24, 2007

GCOM CHART


This stock broke out on Friday with good volume so look for a follow through on Monday.

Friday, June 22, 2007

7 Stocks you need to know for Monday

Walgreen (WAG | charts | news | PowerRating) reports earnings before the bell on Monday; look for $0.53 EPS.

Synnex (SNX | charts | news | PowerRating) announces earnings after the close on Monday, with analysts watching for $0.44 EPS.

The IPO of private equity firm Blackstone (BX | charts | news | PowerRating) raised $4.1 billion on Friday, which saw the company open +15% higher than its initial pricing around $31 a share.

eBay (EBAY | charts | news | PowerRating) gained around 2% on Friday, on reports that the company is set to return to the Chinese auction market this summer.

Major companies reporting on Tuesday include: Apollo Group (APOL | charts | news | PowerRating), Kroger (KR | charts | news | PowerRating) and Lennar (LEN | charts | news | PowerRating).


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FSLR

First Solar, Inc. continues to act well so keep it on the trading radar.

HOG

Harley-Davidson, Inc. is acting very well today so keep it on the radar.

SLB

Schllumberger, Ltd has broken out and made a new 52 week high so keep it on the radar.

CROX

Crocs, Inc. is pushing a new 52 week high this morning so keep it on the radar.

CREE

CREE, Inc. has broken out and made a new 52 week high so keep it on the radar.

MA

Mastercard is acting well in early trading so keep it on the radar.

Top Performers

JBL / MED / AES / SMSI

EFUT / SLB / SOHU / HOG

TASR

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

IPO Blackstone Group

IPO Blackstone Group set to begin trading at $31.00 per share today symbol is BX.

S&P futures vs fair value: -7.0. Nasdaq futures vs fair value: -8.5.

Not much has changed since the last update as a negative bias persists in pre-market trading. Bear Stearns' (BSC) actions to hopefully stave off a crisis continue to stir up memories of the 1998 bailout of Long-Term Capital Management. The influential Technology sector is also in focus this morning; but also for the wrong reasons. Of the three S&P 500 components being removed next week -- PMC Sierra (PMCS), ADC Telecom (ADCT) and Sanmina-SCI (SANM), all are tech stocks.

EFUT

E-Future Information Tech, Inc. is trading up in pre-market so keep it on the radar today.

Pre-Market Gappers

Gapping up:

ONS +11.8%, JBL +9.7%, EFUT + 7%, CVTX +4.7%, GRRF +4.3%, TASR +4.1%, COLY +3.6%, CBLI +3.5%, EBAY +2.5%, ASML +2.4%, SIRF +2.3%, SIRI +1.8%, CROX +1.6%

Gapping down:


HOKU -5.2%, COGN -2.8%, SIX -2.5%, MT -2.5%, CMG -2.1%, AAUK -2.0%, BHP -1.8%.

Watch for Breakout

APLX Over $16.85

CY Over $23.35

CDI Over $33.90

PMCS Over $8.25

RZ Over $8

EMC Over $18.15

POT Over $80.85

Upgrades and Downgrades

Upgraded this morning include:

NFX, AGU, TRA, AES, ROC, NAVZ, NOVA, JBL, MGM, FE, VLTR, ALB, and PNR

Downgraded this morning include:

INPC, SO, ANF, UPFC, CNI, MEOH, SBUX, BGFV, CMG, LLTC, ADI, FCS, ENN, NUAN, COGN, RGC, and PVTB

Budd Foxx

Morning News

  • Futures are pointing to a lower open this morning.

  • European markets are trading lower so far today.

  • Asian markets closed lower.

  • Crude oil is currently $68.41 per barrel.

  • Wholesale gasoline is $2.23 per gallon.

  • Natural gas fallen to $7.34 per unit.

  • Gold up just a bit to $657.00 per ounce.

  • IPO Blackstone Group set to begin trading at $31.00 per share symbol is BX.

  • Starbucks CFO saying meeting top end of 2007 profit forcast will be difficult. The stock is trading at a 20 month low.

  • Senate has voted to up the fuel mileage standard to 35 miles per gallon for automakers. This is the first increase of size in years.

  • General Motors announcing we will see more of Tiger Woods promoting OnStar.

Budd Foxx

Thursday, June 21, 2007

CLF CHART


CLF bounced off the 50 dma today and has some support at the $75 range. Keep it on the radar for Friday along with CHAP that is sitting on the 50 dma.

AKS CHART


The break out is over $37.70 per share so keep it on the radar for Friday as it could follow through.

7 Stocks you need to know for Friday

Jabil Circuit (JBL | charts | news | PowerRating) beat earnings expectations on Thursday afternoon, announcing $0.23 EPS over an expected $0.20 EPS.

Cognos (COGN | charts | news | PowerRating) matched earnings expectations on Thursday with $0.32 EPS.

General Electric (GE | charts | news | PowerRating) and Pearson (PSO | charts | news | PowerRating) each issued a separate statement, announcing intentions to drop their respective bids for Dow Jones (DJ | charts | news | PowerRating).

Nvidia (NVDA | charts | news | PowerRating) announced on Wednesday a new type of chip named "Tesla," designed for computation-intensive fields such as engineering and medicine.

H&R Block (HRB | charts | news | PowerRating) announced on Thursday that the company recorded a net loss of $85.6 billion last quarter, or 26 cents a share. Subprime mortgage worries continue to affect all areas of the financial services market.

CIEN

Ciena Corp. is acting very well today so keep it on the radar as it could be momentum.

LLTC CHART


Closing above the 50 dma would be a bullish sign for this security.

GRMN CHART

This stock breaks out over $72 per share so keep it on your watch list.

IRF Rumor

IRF: Hearing LBO rumors circulating makes good sense 48 plus

SNDK

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

AAPL

Apple Computer, Inc. is acting well today so keep it on the radar.

TSN Rumor

TSN: hearing major foreign co. will make bid for TSN in the high 30's

Top Performers

ENN / OO / AM / SJM / SY / LFC

HOKU / CVTX / ANDE

DO

Diamond Offshore Drilling, Inc. was upgraded this morning so keep it on the radar.

LFC

China Life Insurance Company Ltd. is in a bullish power trend in early trading so keep it on the radar.

CROX

Crocs, Inc. continues to have a good tone so keep it on the radar.

MRO

Marathon Oil Corp. has a good tone in early trading. Crude Oil is currently up .92 cents.

S&P futures vs fair value: -1.3. Nasdaq futures vs fair value: -2.5.

Initial claims unexpectedly rose 10K to 324K (consensus 310K), but still reflective of healthy labor conditions. Futures indications initially strengthened in sympathy with a turnaround in Treasuries, and were signaling a relatively flat start for the cash market, but they have since pulled back to again suggest a sluggish start for stocks. The 10-year note is now up 2 ticks to yield 5.12%.

Pre-Market Gappers

Gapping up:

ADLS +17.6%, WSCI +14.9%, OO +13.9%, PANC +12.3%, HOKU +11.8%, ANDE +10.2%, TSTC +9.9%, LUX +7.6%, VGR +4.4%, CPNLQ.PK +4.1%, NVDA +2.0%...

Gapping Down:

ESE -22.9%, IDMI -5.6%, AMLN -4.8%, CAKE -4.8%, HRB -4.4%, NRMX -3.5%, BWLD -3.5%, DCX -1.8%, CCL -1.4%, NOK -1.3%.

Watch for Breakout

ABP Over $4.50

TVL Over $20

NAFC Over $51.20

DECK Over $97.85

NVTL Over $25.40

BPHX Over $10.70

TWX Over $22

Upgrades and Downgrades

Upgraded this morning include:

NVDA, SY, TTG, MANH, DRE, and SYMC

Downgraded this morning include:

CPWR, CAKE, CHA, CHU, DRE, AT, PRU, HD, HW, ESE, BWLD, and COLY

Budd Foxx

Morning News

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

European markets are trading lower today.

In Tokyo the Nikkei 225 did end higher.

Crude oil is up this morning to $69.55 per barrel.

Wholesale gasoline is currently $2.24 per gallon.

Natural gas sitting at $7.43 per unit.

Gold back down to $656.00 per ounce.

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

Leading indicators for the month of May will be released at 10:00 this morning.

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

Philadelphia Fed survey will be released at noon today.

Luxottica Group to buy Oakly Inc. for $2.1 billion.

Yahoo Inc. to buy Rivals.com

Brad Greenspan MySpace founder wants to buy large stake in Dow Jones.

Pfizer Inc. gets approval for aids drug Maraviroc by the FDA.

Best Buy plans to open up to ten stores in China over the next 18 months.

Budd Foxx

Wednesday, June 20, 2007

TVL CHART

10 Interesting Charts

AFSI / NAFC / DECK / CTB / VSEC

JADE / NVTL / BTJ / FSLR / FTK

Ten Interesting Charts

7 Stocks you need to know for Thursday

A.G. Edwards (AGE | charts | news | PowerRating) announces earnings on Thursday before the bell, with analysts looking for $1.12 EPS.

AES Corporation (AES | charts | news | PowerRating) is expected to report $0.30 EPS on Thursday before the market opens.

When American Greetings (AM | charts | news | PowerRating) reports earnings on Thursday morning, look for $0.34 EPS.

H&R Block (HRB | charts | news | PowerRating) should announce $1.88 EPS tomorrow morning.

J.M. Smucker (SJM | charts | news | PowerRating) reports quarterly earnings Thursday before the bell; watch for $0.64 EPS.

Analysts are watching for Pier 1 Imports (PIR | charts | news | PowerRating) to report -$0.33 EPS tomorrow morning.

Jabil Circuit (JBL | charts | news | PowerRating) reports earnings Thursday after the close, so watch for heightened price action and volatility ahead of the bell.

DXD and QID

When the market gets nasty and you are not sure what stocks to short you can always go long on the DXD or the QID. These are Ultra Short ETF's.

The Visual Trader

Budd Foxx and I also run our sister site The Visual Trader and the focus is on lower priced stocks so make sure to check out the charts and stock picks on The Visual Trader.

The Visual Trader

FSLR

First Solar, Inc. has once again made a new 52 week high so keep it on the radar.

BWLD

Buffalo Wild Wings, Inc. continues to act well so keep it on the radar.

MRO CHART

JASO

JA Solar Holdings Company Ltd. continues to act well so keep it on the radar.

TZOO

Travel Zoo, Inc. is up on takeover rumors so keep it on the radar.

Oil Inventories

Energy Dept. just released weekly inventory levels.

Crude oil saw a huge build of 6.9 million barrels.

Gasoline inventory was up 1.8 million barrels.

Distillates saw a build of 100,000 barrels.

Budd Foxx

CROX

Crocs, Inc. is very close to a break out so keep it on the radar.

Top Performers

ARRS /JNC/ HD / FII

USU / FTEK / EFUT

ANAD

Anadigics, Inc. has broken out and made a new 52 week high so keep it on the radar.

EFUT

E-Future Information Tech continues to act well so keep it on the radar.

GROW

U.S. Global Investors, Inc. is trading up in pre-market this morning so keep it on the radar for a possible follow through.

Pre-Market Gappers

Gapping Up:

AVRX +22.9%, JNC +17.4%, LYTC +11.3%, LUNA +9.7%, HD +6.2%, CLC +6.0%, FRPT +4.7%, FFHL +4.3%, GROW +4.0%, MU +3.3%...

Gapping Down:

CTIC -8.2%, MGM -7.8%, SHFL -5.8%, BW -5.8%, HANS -4.3%, DRI -3.9%, MTRX -2.3%, CC -1.8%, LLTC -1.4%, FDX -0.5%.

Watch for Breakout

ANAD Over $13.75

AXL Over $29.50

IVN
Over $14.60

CROX Over $46.80

HXM Over $64.25

CNVR Over $4.50

PCS Over $37.25

Upgrades and Downgrades

Upgraded this morning include:

ARG, KV.A, CEO, CLC, NYX, FWRD, TWC, DRIV, and APL

Downgraded this morning include:

OXY, KOP, and MXWL

Budd Foxx

Morning News

Futures are up this morning pointing to a higher open.

European markets are trading higher so far today.

In Tokyo the Nikkei 225 did end higher.

Crude oil is currently $68.71 per barrel.

Wholesale gasoline is $2.21 per gallon.

Natural gas sitting at $7.52 per unit.

Gold is $664.00 per ounce.

Energy Dept. will release weekly oil inventory levels at 10:30 this morning.

Treasury Secretary Henry Paulson will testify today about the China's currency.

President Bush expected to veto a bill today which would have lifted restraints on funded stem cell research.

Home Depot to sell supply unit for $10 billion. The company has also announced an extension to its share buyback program by $22.5 billion.

FedEx Corp. Circuit City, Best Buy, and Morgan Stanley all set to releaase earnings today.

Darden Restaurants earnings come in a little weaker than expectations.

Microsoft to make changes to its Vista search after complaint filed by Google.

Budd Foxx

Tuesday, June 19, 2007

5 Interesting Charts

ANAD / MCD / TEX / KBR / TBSI

Five Interesting Charts

GROW CHART


This stock could follow through on Wednesday so keep it on the radar.

7 Stocks you need to know for Wednesday

Access Integrated (AIXD | charts | news | PowerRating) reports earnings on Wednesday before the bell; watch for -$0.24 EPS.

CarMax (KMX | charts | news | PowerRating) should announce $0.30 EPS when the company reports on Wednesday morning.

When Circuit City (CC | charts | news | PowerRating) reports quarterly earnings on Wednesday morning, be watching for -$0.32 EPS.

Analysts are watching for Commercial Metals (CMC | charts | news | PowerRating) to report $0.79 EPS on Wednesday morning.

FedEx (FDX | charts | news | PowerRating) should report $1.98 EPS before the market opens on Wednesday.

Watch for Morgan Stanley (MS | charts | news | PowerRating) to report $2.01 EPS before the bell tomorrow morning.

Sonic Corporation (SONC | charts | news | PowerRating) reports after the close on Wednesday, so watch for heightened price action and volatility ahead of the bell.


IVN CHART


This stock breaks out over $14.60 per share so keep it on the radar for a possible swing trade.

FSLR

First Solar, Inc. just made a new 52 week high so keep it on the radar this afternoon. This could be a stock they dress up at the end of the quarter.

KALU

Kaiser Aluminum Corp. is acting very well today so keep it on the radar this afternoon as it could be momentum if the stock is pushing the high of the day near the close.

CIEN

Ciena Corp. is in a bullish power trend so keep it on the radar this afternoon.

EFUT

E-Future Info Tech has perked up so keep it on the radar this afternoon.

RVBD

Riverbed Tech, Inc. has broken out and made a new 52 week high so keep it on the radar.

BWLD

Buffalo Wild Wings, Inc. is acting very well today and could be momentum so keep it on the radar.

VNDA

Vanda Pharmaceuticals, Inc. has broken out of a base so keep it on the radar as the stock has a good tone.

REGN

Regeneron Pharmaceuticals, Inc. is trading up on take over speculation.

EXPE

Expedia, Inc. is acting very well today after the company announced a share buy back.

Top Performers

BMY / AMR / DTV / ALTH

EXPE / GNTX / FLIR

GROW

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

CMED

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

S&P futures vs fair value: -3.1. Nasdaq futures vs fair value: -10.0.

The Housing Starts and Building Permits data were both stronger than expected. Specifically, starts were down only 2.1% to an annualized rate of 1.474 million units versus an expected 3.5% decline while permits rose 3.0% to 1.501 million versus an expected increase of 1.0%. The data have not had any meaningful impact on the futures market which continues to presage a negative start for stocks after the disappointing earnings report from Best Buy.

Pre-Market Gappers

Gapping up:

EXPE +15.4%, EPIX +15.1%, CLRK +12.1%, ZGEN +8.6%, MGRM +8.1%, LNET +4.1%, TASR +3.8%, NUVO +3.0%, FDS +3.0%, ONSM +2.9%, CMED +2.2%, YHOO, MAMA, CYBS

Gapping down:

ALTH -15.3%, BBY -4.6%, CC -3.2%, JSDA -2.1%, BEAS -2.0%, VOD -1.8%, LEG -1.6%, RSH -1.1%, CSG -1.1%.

Watch for Breakout

AFFX Over $26.85

TGB
Over $3.85

CPX Over $27.75

MOVE Over $4.55

CHTR Over $4.25

ELX Over $22.55

KBR Over $28.45

Charts

Upgrades and Downgrades

Upgraded this morning include:

GNTX, SRE, ACOR, WERN, KNX, BAC, LCC, and CI

Downgraded this morning include:

GCO, MCHO, AGO, YREW, ANET, ACLI, BEAS, and AV

Budd Foxx

Morning News

Futures are pointing to a slightly lower open this morning.

European markets are trading just a bit lower so far today.

In Tokyo the Nikkei 225 did end higher.

Crude oil is sitting just above $69.00 per barrel.

Wholesale gasoline is $2.25 per gallon.

Natural gas is $7.68 per unit.

Gold is sitting at $658.00 per ounce.

Retail chain index will be released at 7:45 this morning.

May housing starts will be released at 8:30 this morning.

Building permits for the month of May will also be released at 8:30 this morning.

The dollar has reached a 41/2 year high against the Yen.

Current CEO of Yahoo Inc. stepping down and will be replaced by Jerry Yang.

Wendy's International Inc. warning that profits for the year will come in below expectations.

Delta Airlines in the middle of talks with Boeing to buy a large order of jets in a long term deal.

Budd Foxx

Monday, June 18, 2007

Vast Untapped Riches

I've just returned from Hispaniola, after a few days by its serene seashores and a visit to its lush rainforests.

The island, shared by the Dominican Republic and Haiti, was discovered by Columbus on his very first voyage to the Americas in 1492.

And earlier this year, Money and Markets' Sean Brodrick was also there, trekking along the border area with Haiti. That's where Falconbridge of Canada has been mining nickel for almost 25 years and where other major companies — like Placer Dome and Gold Fields of South Africa — also have mining operations.

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