DOW CHART

Dow support is around 13,200. We are also at the lower bollinger band and are currently oversold according to the full stochastics indicator. The first day of the month is generally up on average so we could see a bounce on Wednesday. If support is broken at 13,200 on a closing basis we could be headed down another 400 points to the 200 dma.

7 Stocks you need to know for Wednesday

Chipotle Mexican Grill, Inc. (CMG | charts | news | PowerRating) beat earnings estimates after Tuesday's close. The company reported $0.60 EPS versus estimates of $0.44 EPS.

Whole Foods Markets Inc. (WFMI | charts | news | PowerRating) reported $0.35 EPS versus estimates of $0.33 EPS after the close on Tuesday.

Arcelor Mittal (MT | charts | news | PowerRating) is expected to announce $1.82 EPS on Wednesday morning.

Cigna Corp. (CI | charts | news | PowerRating) is looking to report $0.88 EPS when the company announces earnings on Wednesday morning.

Mastercard Inc. (MA | charts | news | PowerRating) should report $1.32 EPS early Wednesday.

Time Warner (TWX | charts | news | PowerRating) is looking to have EPS of $0.20 on Wednesday before the market opens.

Teva Pharmaceutical Industries (TEVA | charts | news | PowerRating) should report $0.55 earnings per share early Wednesday.

DRYS CHART

Dry Ships, Inc. has a good tone to it today so keep it on the radar.

DRYS CHART

CRS

Carpenter Technology Corp. is acting well today so keep it on the radar.

Top Performers

UA/ HW /SFL /MOS /OLED / RYAA

GROW

U.S. Global Investors, Inc. is coming off a bottom so keep it on the radar.

BIDU

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

CROX

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

Gapping up on strong earnings/guidance:

HW +22.8%, UA +17.8%, MALL +17.3%, SUNW 10.6%, CBG +9.5%, RYAAY +7.6%, ONNN +6.7%, GM +6.7%, MOS +5.2%... M&A related: OLED +88.0% (to be acquired by Sumitomo Chemical for $12/share), WEN +9.5% (WSJ reports that Arby's parent outlines terms for Wendy's bid), DJ + 8.1% (WSJ reports that News Corp. (NWS) and Dow Jones (DJ) edged closer to a final agreement on the sale of DJ to NWS)... Other news: MBLX +6.5% (co announced a new gift card by Target (TGT) made using Mirel biobased plastic is now available in 129 Target stores nationwide).

Pre-Market Gappers

Gapping up:

OLED +88.0%, HW +22.8%, UA +17.8%, MALL +17.3%, SUNW 10.6%, WEN +9.5%, CBG +9.5%, DJ + 8.1%, RYAAY +7.6%, ONNN +6.7%, GM +6.7%, GPCB +6.2%, MR +5.9%, MOS +5.2%...

Gapping down:

DXPE -16.5%, IVAC -15.3%, HMA -10.2%, SUNH -9.4%, SIMO -9.1%, ALU -8.6%, MTG -7.6%, SOFO -6.7%

World Markets

• Asian Markets are trading higher

• European Markets are trading higher

Link to World Markets

Watch for Breakout

AMAT Over $22.10

AMLN Over $48

ANAD Over $15.70

BCON Over $1.90-2.00

ILMN Over $48

SIGM Over $32.85

ULBI Over $11.25

Upgrades and Downgrades

Upgrades:

MRT, ABM, VSEA, CCJ, GYMB, SFL, EXC

PSO, CE, GCI, VZ, KNOL, FPL, MNC

Downgrades:

ETP, UL, DHT, IVAC, RSH, KYPH, IVGN

MTG, OPTM, NVTL, BLDR, FELE

7 Stocks you need to know for Tuesday

Sun Microsystems (SUNW | charts | news | PowerRating) beat earnings estimates after Monday's close. The company reported $0.09 EPS versus estimates of $0.05 EPS.

American Electric (AEP | charts | news | PowerRating) looks to report $0.58 EPS on Tuesday morning before the bell.

BE Aerospace (BEAV | charts | news | PowerRating) is expected to announce $0.36 EPS on Tuesday morning.

CBS Corp. (CBS | charts | news | PowerRating) is looking to report $0.51 EPS when the company announces earnings on Tuesday morning.

General Motors (GM | charts | news | PowerRating) should report $1.08 EPS early Tuesday.

Regal-Benoit (RBC | charts | news | PowerRating) is looking to have EPS of $1.04 on Tuesday before the market opens.

Under Armour (UA | charts | news | PowerRating) should report $0.03 earnings per share early Tuesday.

SUNW posts 4th-qtr profit as costs fall

Sun Microsystems Inc. (NasdaqGS:SUNW - News), the world's third-largest maker of computer servers for businesses, said on Monday it swung to a quarterly profit from a year-earlier loss as it reduced costs.

Stocks to Watch this Afternoon

ATI, BIDU, CME, FSLR, ICE, JASO

RIMM, MA and TIE

LEH

Lehman Brothers Holdings, Inc. is another security that is very depressed so keep it on the radar as it might of made a short term bottom.

GS

Goldman Sachs is coming off a bottom here so keep it on the radar.

Top Performers

KBR / VVUS / RCCC / VECO / PWRD

WFR

Memc Electronic Corp. is acting well in early trading so keep it on the radar.

CROX

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

BHI

Baker Hughes had positive comments from two firms this morning so keep it on the radar.

NSC

Norfolk Southern Corp. was upgraded by JP Morgan so keep it on the radar.

Gapping up:

Gapping up on strong earnings/guidance: NGA +5.8%, CCJ +4.0%... M&A related news: RCCC +34.8% (to be acquired by MOT for $45 per share in cash), FUN +5.4% (NY Post reports that FUN enters into takeover talks)... Other news: GPCB +16.8% (SAP founder Dietmar Hopp raised stake to 14.5% from 10.1% - Bloomberg.com), TMY +12.9% (provided update of strategic sales process and field status), VVUS +10.0% (receives FDA approval of Evamist NDA; eligible to receive milestone payment of $140 mln from KV.A), IR +7.5% (to sell its Bobcat, Utility Equipment and Attachments business units for $4.9 bln; stock was also upgraded at Citigroup, downgraded at Baird), HRT +6.3% (announces a 5-Year supply agreement), CVTX +4.8% (engages investment banker Frederick Frank to provide advisory

Pre-Market Gappers

Gapping up:

RCCC +38.3%, GPCB +16.8%, TMY +12.9%, VVUS +10.0%, CYTR +9.8%, IR +7.5%, HRT +6.3%, HOKU +4.3% AAPL, BIDU and CROX


Gapping down:

AHM -42.9%, VCLK -15.4%, RSH -3.8%, CSG -3.5%, ELN -3.3%.

Stocks to Watch

Among the companies whose shares are expected to see active trading in Monday's session are ABN Amro, Coke Consolidated, Humana, Ingersoll-Rand, Jarden, Ness, Nike and RadioShack.

Stocks to Watch

Upgrades and Downgrades

Upgrades:

CXR, PFG, CNSL, NVT, AYI, PFGC, KOF, NI

DHR, MGM, KNX, HK, IR, VECO, SOV, SEPR, MOT

ESLR, NSC, DRH, HT, BEE, SWX, OEH, EDE, MSA

Downgrades:

CHRT, PLCE, AHM, MEE, IR, BEBE

July 29 - Video - Other Indications of a Top

Here’s this week’s video from
http://www.leavittbrothers.com/. Last week the broker/dealers were covered, and this week we cover other indicators which hinted at a top being put in place.

Video - Other Indications of a Top

Some stocks bucking the trend

CME, ICE, FSLR, TSL, JASO,

CROX, DECK and SPWR

7 Stocks you need to know for Monday

Archer-Daniels Midland (ADM | charts | news | PowerRating) reports earnings on Monday before the bell; watch for $0.59 EPS.

Cameco (CCJ | charts | news | PowerRating) looks to report $0.42 EPS on Monday morning before the bell.

Humana (HUM | charts | news | PowerRating) is expected to announce $1.39 EPS on Monday morning.

Monster Worldwide (MNST | charts | news | PowerRating) is looking to report $0.34 EPS when the company announces earnings on Monday morning.

RadioShack (RSH | charts | news | PowerRating) should report $0.24 EPS early Monday.

CF Industries (CF | charts | news | PowerRating) and Titanium Metals (TIE | charts | news | PowerRating) both report after the bell on Monday. Watch for heightened price and volume.

RADS

Radiant Systems, Inc. is bucking the trend today so keep it on the radar.

CME

Chicago Mercantile Exchange Holdings bounced off the 200 dma and it acting very well today so keep it on the radar.

ICE

Intercontinental Exchange is acting very well in early trading so keep it on the radar.

AAPL

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

S&P futures vs fair value: -6.0. Nasdaq futures vs fair value: -2.0.

Early sentiment continues to improve, so much so that the Nasdaq 100 futures recently inched above fair value. The pre-market bias now has a much more neutral disposition as the GDP report showed faster than expected acceleration in economic growth with a downtick in inflation. Additional analysis of the report also shows, however, that the data are not an indication of a strong trend going forward since the overall pickup in GDP growth was due to a swing in a number of categories outside of consumer spending, which did not pick up. So far, investors are looking for more than backward-looking data to counter growing concerns that tightening credit market conditions might also curtail economic growth.

DECK

Deckers Outdoor Corp. raised forward guidance so keep it on the trading radar.

UTHR CHART

UTHR breaks out over $70 per share so keep it on the trading radar. UTHR will also report earnings before the bell on Monday.

Pre-Market Gappers

Gapping up:

DECK, CROX 16.41% KYPH +21%, SCMR +5%, CYMI +5.3%, PENN +0.3%

XING, SCMR, and TASR

Gapping down:

SEPR -13.8%, ALU -1.5%, SWIR -2.5%, INTC -1.3%.

TCHC CHART

TCHC raised forward guidance yesterday and could follow through today so keep it on the radar.

Watch for Breakout

Longs:

BOOM Over $41

IKAN Over $7.90

IDXX Over $98.60

RADN Over $11.15

Shorts:

JNJ Below $60.70

SUNW Below $4.90

XLB Below $39.25

Upgrades and Downgrades

Upgraded this morning include:

ODFL, ALK, PENN, RNOW, VTIV, WOOF, RRI, WEN, NLY, ABG, COG, RTN, EGP, FITB, NYX, JWN, SPW, GPS, TUNE, and RVBD

Downgraded this morning include:

LNY, ZMH, BCE, FTO, RVBD, CNET, NCI, and MATR

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 lower.

Crude oil is $75.18 per barrel.

Wholesale gasoline is $2.08 per gallon.

Natural gas remains below $6.00 per unit.

Gold pulling back to $662.00 per ounce.

At 8:30 this morning second quarter gross domestic product will be released.

University of Michigan's pole on consumer sentiment for July will be released just after the open this morning.

Housing data, weak home builders results, and delay in loan deals all lead to over a 300 point loss on the Dow yesterday.

Medtronic to buy Kyphon Inc. for $3.9 billion.

Cadbury Schweppes to delay sale of its beverage unit due to potential problems with buyers securing funding.

Amgen Inc. reports better than expected quarter.

Ford Motor Company reports first quarterly profit since 2005.

Cisco Systems has approved an additional 5 billion in its stock purchase program.

Budd Foxx

Crocs Raises 2007 Guidance

Crocs Inc., (CROX) which makes trendy, colorful, plastic shoes, said Thursday orders are better than expected and raised yearly guidance.

The company expects per share earnings between $1.89 and $1.93 on revenue between $810 million and $820 million.

Before a 2-for-1 stock split in June, the company previously forecast earnings of $2.90 to $2.95 per share on sales of $670 million to $680 million.

7 Stocks you need to know for Friday

Baker Hughes (BHI | charts | news | PowerRating) reports earnings on Friday before the bell; watch for $1.11 EPS.

Chevron (CVX | charts | news | PowerRating) hopes to report $2.28 EPS on Friday morning before the bell.

Clear Channel Communications (CCU | charts | news | PowerRating) is expected to announce $0.43 EPS on Friday before the market opens.

Constellation Energy (CEG | charts | news | PowerRating) is looking to report $0.74 EPS when the company announces earnings on Friday morning.

Fortune Brands (FO | charts | news | PowerRating) should report $1.44 EPS early Friday.

Analysts expect Ingersoll-Rand (IR | charts | news | PowerRating) to report $0.95 EPS Friday morning.

When Lubrizol (LZ | charts | news | PowerRating) announces quarterly earnings tomorrow morning, look for $1.13 EPS.

AMZN

Amazon.com has gone green and is bucking the trend so keep it on the radar.

AAPL

Apple Computer, Inc. reported good earnings last night and should be in play today so keep it on the radar.

BIDU

Baidu.com reported good earning last night and is in play today so keep it on the radar.

S&P futures vs fair value: -18.5. Nasdaq futures vs fair value: -19.8.

After initially showing little reaction to the recent batch of economic reports, further analysis of the data appears to be contributing to the overall sense of anxiety that is taking a toll on pre-market action. Futures trade has taken a turn for the worse and retracing morning lows as growing fears that a credit crunch is developing, potentially signaling an end to the LBO buyout boom that has provided such strong support to the stock market, remains a huge overhang.

CROX

Crocs, Inc. is bucking the trend this morning so keep it on the radar. This stock breaks out over $49.70 per share.

Pre-Market Gappers

Gapping up:

BIDU +18.0%, AFOP +10.5%, OMTR +7.8%, CMI +8.4%, AAPL +6.7%, WFR +4.8%, FORM +4.6%, SYMC +4.4%, CELG +2.6%, F +2.1%, SNE +2.3%, CROX +1.6%, QCOM +1.4%, KFT +0.9%, ICE +0.9%...

Gapping down:

WVCM -22.3%, AKAM -14.3%, CTIC -8.8%, MATR -8.5%, FFIV -5.7%, BDK -4.7%, FRZ -4.1%, MT -3.5%, SI -3.1%, HMY -2.8%, BHP -3.0%, DHI -2.8%, SPWR -2.8%, DCX -2.2%.

POT

Potash Corp. reported good earnings so keep it on the radar this week.

Watch for Breakout

ANGO Continuation Long

BWLD Below $38.50 Short

FSLR Over $115 Long, Below 105.50 Short to fill the gap

CROX Over $49.70 Long

PRXL Over $43.55 Long

TSCM Continuation Long

ZIXI Over $2.20 Long

Upgrades and Downgrades

Upgraded this morning include:

BIDU, MEOH, PFCB, R, ECA, OMTR, X, EXPE, PPP, CFR, RNT, STBC, and AMG

Downgraded this morning include:

CVTI, AKAM, LDSH, HES, FLIR, DADE, SUNH, GPCB, CVG, ATMI, FTEK, FADV, and SGMO

Budd Foxx

Morning News

Futures are pointing to a weaker open at this point this morning.

European markets are trading lower today.

In Tokyo the Nikkei 225 did end lower.

Crude oil has spiked back up to $76.76 per barrel.

Wholesale gasoline is now $2.11 per gallon.

Natural gas remains just under $6.00 per unit.

Gold is currently $6.74 per ounce.

Weekly jobless claims will be out before the open this morning.

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

New home sales numbers for the month of June will be out at 10:00 this morning.

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

Apple Inc. out with a very strong quarter on sales of Macintosh computers. The company also stating it expects to sell 1 million iPhones by the end of the fourth quarter.

Potash Corp. reporting highest second quarter results in company history.

Baidu.com reporting a very strong quarter. Shares up big in after hours trading last night.

Berkshire Hathaway has bought a small stake in Kraft Foods.

Budd Foxx

7 Stocks you need to know for Thursday

3M (MMM | charts | news | PowerRating) is expected to report $1.18 EPS before the bell rings on Thursday morning.

When Aetna (AET | charts | news | PowerRating) announces quarterly earnings on Thursday morning, watch for $0.80 EPS.

Beazer Homes (BZH | charts | news | PowerRating) should announce -$0.46 EPS before the market opens on Thursday morning.

Analysts will be watching for Exxon Mobil (XOM | charts | news | PowerRating) to report $1.94 EPS on Thursday.

Ford (F | charts | news | PowerRating) hopes to announce -$0.40 EPS tomorrow morning.

Wendy's (WEN | charts | news | PowerRating) and XM Satellite (XMSR | charts | news | PowerRating) both report on Thursday morning; WEN is looking for $0.33 EPS and XMSR expects -$0.44 EPS.

After Hours Movers

Trading Up:

BIDU +38, WFR +4.24, SRZ +3.52, AGP +2.36, SYMC +1.89, OMTR +1.59, AFFX +1.49, PLXS +1.27, QCOM +1.25, BLUD +0.80, FORM +0.85...

Trading Down:

FFIV -4.85, AKAM -4.07, AEIS -1.64, RIMM -1.46, SNDK -1.00, AFL -0.68, FIC -0.68

LPHI CHART

This stock broke out today and made a new 52 week high so keep it on the radar.

Earnings for 7/25

A few companies reporting earnings today after the bell:

AAPL, AKAM, ALXN, BIDU, BUD, COP, GLW etc.

Earnings

LVS

Las Vegas Sands, Corp. has a good tone to it today so keep it on the radar.

ILMN

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

BIIB

Biogen Idec, Inc. is acting very well so keep it on the radar.

Top Performers

LII / PLT / AFL /BEC / ETH /PAS / DADE

AMZN / ANAD /GGBM / EGLE

FSLR

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

ENER

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

S&P futures vs fair value: +10.2. Nasdaq futures vs fair value: +17.5.

The market is on track for a positive start as better than expected results from Amazon.com (AMZN) and the reflex response to yesterday's big sell-off are driving the bullish bias. The market has again been inundated with earnings news, but look for attention to turn to the economic data at 10:00 ET when existing home sales for June are reported. Economists expect a 2.3% decline from the prior month to an annualized rate of 5.85 mln

AMZN

Amazon.com, Inc. should be In Play today after beating earnings so keep it on the radar.

Pre-Market Gappers

Gapping up:

AMZN +23.2%, EGLE +15.4%, ALGN +14.1%, WZEN +11.1%, CKSW +10.2%, GGBM +9.6%, ILMN +9.3%, ALXN +8.7%, AEHR +8.4%, BOBJ +7.4%, RFMD +7.1%, EEE +6.7%, SNWL +6.4%, MVIS +5.1%, BA +3.1%...

Gapping down:

GPCB -29.8%, SPPI -16.7%, HOKU -15.8%, NTRI -12.8%, JOYG -11.9%, GLW -4.5%, STM -4.2%, PNRA -3.8%.

Watch for Breakout

BOOM Over $40.40

CROX Over $49.70

SWIR Over $28.10

SKIL Over $9.40

Upgrades and Downgrades

Upgraded this morning include:

AMZN, HAIN, PSS, CFC, ALSK, SEAB, AVY, MANH, AGP, RYN, KMB, BER, STX, SYPR, BDN, and ANAD

Downgraded this morning include:

RDN, MTG, PMI, SPPI, SKX, IPAR, OSG, WTW, NTRI, CFC, GSK, CTC, CVGI, LRY, CSCD

Budd Foxx

Morning News

Futures are up pointing to a higher open this morning.

European markets are trading slightly lower today.

In Tokyo the Nikkei 225 did end lower.

Crude oil has backed off a bit to $73.32 per barrel.

Wholesale gasoline is $2.05 per gallon.

Natural gas really taking a hit current price is $5.87 per unit.

Gold is $677.00 per ounce.

Existing home sales for the month of June will be released just after the open this morning.

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

Fed Beige Book at 2:00 this afternoon.

Amazon.com earnings more than triple on strong sales for the quarter topping expectations.

Nintendo saw a leap in quarterly profit on strong gaming sales.

Toyota to test run new hybrid vehicle here in the U.S. which is believed to cut fuel cost by as much as 40%.

General Electric awarded 3 contracts in the Middle East worth about $1.8 billion.

Hugh Panero to step down at Sirius Satellite Radio in August.

Budd Foxx

7 Stocks you need to know for Wednesday

Amazon.com (AMZN | charts | news | PowerRating) beat earnings on Tuesday, reporting $0.19 EPS over an expected $0.16 EPS.

Boeing (BA | charts | news | PowerRating) should report $1.16 EPS on Wednesday before the market opens.

When Colgate-Palmolive (CL | charts | news | PowerRating) announces earnings early Wednesday morning, look for $0.83 EPS.

ConocoPhillips (COP | charts | news | PowerRating) is expected to announce $2.68 EPS on Wednesday morning before the market opens.

Analysts will be watching for Xerox (XRX | charts | news | PowerRating) to report $0.27 EPS tomorrow morning.

When New York Times (NYT | charts | news | PowerRating) reports earnings early tomorrow morning, be watching for $0.31 EPS.

Tribune (TRB | charts | news | PowerRating) should report $0.49 EPS tomorrow morning.

Amazon.com 2Q Profit More Than Triples

SEATTLE (AP) -- Amazon.com Inc.'s second-quarter profit more than tripled, boosted by strong sales of books, music and electronics worldwide. The Web retailer's stock soared 12.5 percent in after-hours trading.

IBM

International Business Machines, Corp. is bucking the trend today so keep it on the radar.

ENER

Energy Conversion Devices, Inc. is acting very well this afternoon and could be momentum so keep it on the radar.

JASO

JA Solar Holdings Company Ltd. is perking up a bit here so keep it on the radar.

CROX CHART

CROX breaks out over $49.70 per share so keep it on the radar this week.

FSLR

First Solar Inc. has gone green here so keep this stock on that watchlist.

Budd Foxx

ILMN

Illumina Inc. is acting well this morning in this down market so keep this stock on that trading radar.

Budd Foxx

Top Performers

RPB / DGX / LMT / MVIS

JDAS / STLD / AMLN

BIDU

Baidu.com has a good tone in early trading so keep it on the radar. This security will report earnings tomorrow after the bell.

S&P futures vs fair value: -9.2. Nasdaq futures vs fair value: -12.8.

Pre-market sentiment continues to deteriorate as renewed debt concerns and the bulk of earnings reports continue to reflect the impact of sluggish economic growth. AT&T (T) posted a 61% jump in Q2 profits, but the activation of only 146,000 iPhone subscribers is being viewed as a disappointment. McDonald's (MCD) merely matching Wall Street expectations also leaves investors without a standout report like the one fellow Dow component Merck (MRK) delivered a day earlier.

ENER

Energy Conversion Devices, Inc. received a $108 million dollar contract this morning. This stock is currently oversold with 27% of the float sold short.

Short Interest on ENER

Pre-Market Gappers

Gapping up:

MVIS +17.7%, OIIM +14.1%, NRMX +10.0%, FONR +9.0, AMSC +8.0%, UCTT +7.9%, OCNF +5.7%, DGX +4.4%...

Gapping down:

MICC -12.0%, CFC -8.8%, ATHR -6.4%, FIA -6.4%, WYE -5.5%, NFLX -5.4%, BZH -5.1%, TXN -3.6%, CRDN -3.4%.

Watch for Breakout

ANO Over $3.10

ACN Over $44.05

CL Over $69

FFHL Over $9

LIFC Over $32.70

SAPE Over $8.25

SKIL Over $9.40

Upgrades and Downgrades

Upgrades:

RNOW, WB, LEE, XEL, APOL, PBY, CMLS

Downgrades:

WLT, PMTC, TKC, NFLX, LPNT, CHK, ASTE

DXCM, CNI, NVT, URI, ATHR, VMSI, PACR

GSF, KLAC, EW, NI, AXP

Morning News

Futures are pointing to a lower open this morning.

European markets are trading lower today.

In Tokyo the Nikkei 225 did end higher.

Crude oil is $74.14 per barrel.

Wholesale gasoline is $2.08 per gallon.

Natural gas down to $6.04 per unit.

Gold sitting at $683.00 per ounce.

Texas Instruments second quarter profit drops.

PepsiCo Inc. reports a strong second quarter.

Nissan motor reports a 3.2% drop in quarterly profit.

FDA saying people should throw away any recalled products made by Castleberry Food.

Starbucks to raise prices on drinks by 9 cents.

Western England dealing with worst flooding in 60 years.

Budd Foxx

7 Stocks you need to know for Tuesday

American Express (AXP | charts | news | PowerRating) beat earnings expectations, announcing $0.88 EPS versus expectations of $0.86 EPS.

AT&T (T | charts | news | PowerRating) reports quarterly earnings on Tuesday before the market opens; look for $0.66 EPS.

Commerce Bancorp (CBH | charts | news | PowerRating) announces earnings early Tuesday, with analysts watching for $0.40 EPS.

When DuPont (DD | charts | news | PowerRating) reports earnings on Tuesday before the bell, look for $1.06 EPS.

Analysts are watching for Jetblue (JBLU | charts | news | PowerRating) to report $0.11 EPS tomorrow morning.

Lockheed Martin (LMT | charts | news | PowerRating) should report $1.53 EPS on Tuesday morning before the stock market opens.

Northrop Grumman (NOC | charts | news | PowerRating) is looking to announce $1.23 EPS on Tuesday morning.

ILMN

Illumina Corp. making new highs on the day here so keep this stock on that watchlist.

Budd Foxx

NTRI

Nutrisystem Inc. seems to be perking up here so keep this stock on that trading radar.

Budd Foxx

DRYS

DryShips Inc. making a new 52 week high here this morning so keep this stock on that watchlist.

Budd Foxx

FOXH

FoxHollow Technologies continues to move higher so keep this stock on that trading radar.

Budd Foxx

AAPL

Apple Computer is trying to go green here so keep this stock on thatt watchlist.

Budd Foxx

IBM

International Business Machines Corp. has a decent tone to it in early trading so keep it on the radar.

Top Performers

NVT / GSF / RIG / RPM / GGBM / OPSW

CMLS / ARRO / TLAB / EVVV /TASR

GRMN

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

CROX

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

Pre-Market Gappers

Gapping up:

OPSW +34.7%, TLAB +19.8%, ARRO +16.9%, TASR +11.7%, EFUT +11.4%, EVVV +11.0%, CALM +10.2%, FOXH +8.2%, GSF +7.4%, RIG +6.4%, AXL +4.8%, MRK +4.6%, NCST +4.5%, SGP +4.3%...

Gapping down :

GPCB -16.9%, NFLX -8.1%, SPPI -6.4%, FRPT -4.1%, BBI -1.9%.

Watch for Breakout

AZK Over $4.05

DSTI Over $7.50

HAL Over $37.15

FST Over $45.05

STLD Over $49

THI Over $32.70

VVUS Over $6

Upgrades and Downgrades

Upgraded this morning include:

DCI, IMAX, COBZ, EMN, HBC, NVT, PGN, PNY, FPL,

BUD, AMGN, AFL, and PUK

Downgraded this morning include:

COP, SPPI, KWK, EOG, TAC, GAP, ASBC,and VMSI

Budd Foxx

Morning News

Futures are pointing to a higher open at this point in the morning.

European markets are trading flat to slightly higher today.

In Tokyo the Nikkei 225 did end lower.

Crude oil is $75.31 per barrel.

Wholesale gasoline is $2.13 per gallon.

Natural gas down to $6.20 per unit.

Gold is currently $683.00 per ounce.

The dollar reached an all time low against the euro.

GlobalSantaFe Corp. and Transocean to merge which will form a $53 billion drilling company.

Barclays has lifted its bid for ABN Amro.

A few companies to report today include: Texas Instruments, American Express, and Merck.

Borders Group is stating they sold 1.2 million copies of latest Harry Potter book on the first day.

Wal Mart Stores to cut prices on 16,000 items which are mostly back to school items.

Merck just out with earnings looking like a better than expected quarter.

Budd Foxx

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SEPR

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

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CLX

Clorox Corp. is acting well on this down morning so keep this stock on that trading radar.

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ICE

Intercontinental Exchange Inc. is acting well here in early trading keep it on that radar.

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BRCM

Broadcom Corp. is acting well again today in early trading so keep this stock on that watchlist.

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AAPL

Apple Computer has a decent tone to it here in early trading so keep this stock on that watchlist.

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SNDK

SanDisk Corp. is actively trading to the upside here this morning in pre market trading so keep this stock on that watchlist.

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OWW

Orbitz Worldwide set to begin trading today on the New York Stock Exchange.

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Stocks Trading Up In Pre-Market

SNDK, AAPL, NCST, ISRG, QCOM, BCON, MGRM, QMAR, BRCM, LLNW, AHM, IMAX, WMB, STX, and AMD

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ISRG

Intuitive Surgical Inc. is on the move here in pre market trading this morning so keep this stock on your trading radar.

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Upgrades and Downgrades

Upgraded this morning include:

MDCO, ISRG, PFBC, NUE, FFCH, STX, SLG, and MAN

Downgraded this morning include:

SWY, WLSC, X, ALVR, PYX, HSY, DHR, PFGC, CLWR, ALEX, KR, SYY, BMI, WLSC, ITT, EXC, ADSK, CYBS, and PKG

Budd Foxx

Morning News

Futures are pointing to a slightly weaker open at this point in the morning.

European markets are trading slightly lower to flat today.

In Tokyo the Nikkei 225 did end higher.

Crude oil is sitting just above $76.00 per barrel.

Wholesale gasoline is $2.20 per gallon.

Natural gas back above $6.70 per unit.

Gold is currently $6.76 per ounce.

The Dow managed to close yesterday above 14,000 for the first time.

Ben Bernanke warns subprime mortgage defaults could top $100 billion.

Google quarterly profit up 28% which was light of expectations. Wuarterly revenue saw a increase of 57%.

Microsoft lifts forward guidance after in line quarter.

General Motors sells 2.41 million vehicles from April through June leading all automakers.

Latest book in the Harry Potter series going on sale at midnight. Amazon has recieved pre-orders for 1.4 million books.

Caterpillar, Citigroup, and Wachovia leading the way on the earnings side today.

Budd Foxx

Watch for Breakout

AMSG Over $25

CYCL Over $10.70

DVN Over $84

GRP Over $60

NG Over $16.20

PRXI Over $18.15

SGMS Over $38.15

7 Stocks you need to know for Friday

Google (GOOG | charts | news | PowerRating) missed earnings on Thursday, announcing $3.56 EPS versus expectations of $3.59 EPS.

Boston Scientific (BSX | charts | news | PowerRating) reports earnings on Friday before the market opens; look for $0.19 EPS.

Caterpillar (CAT | charts | news | PowerRating) should report $1.48 EPS on Friday morning.

When Citigoup (C | charts | news | PowerRating) reports earnings on Friday morning, anaylsts will be watching for $1.13 EPS.

Schlumberger (SLB | charts | news | PowerRating) is expected to announce $0.96 EPS when the company reports earnings tomorrow.

Analysts are watching for Wachovia (WB | charts | news | PowerRating) to report $1.22 EPS on Friday before the market opens.

Whirlpool (WHR | charts | news | PowerRating) should report $1.83 EPS on Friday morning.

ASTI

Ascent Solar Tech is pushing the high of the day and could be momentum if the stock is closing strong so keep it on the radar.

TIE

Titanium Metals Corp. is acting well today so keep it on the radar going into the close.

AVCI

Avici Systems, Inc. is very hot today so keep it on the trading radar.

AAPL

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

CLWR

Clearwire Corp. is acting very well today so keep it on the radar.

SLW

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

Top Performers

AVCI /LRW / GNK / FL / PKG / SAP /

CLWR / JNPR / CBST / CTXS

IBM

International Business Machines Corp. reported good earnings so keep it on the trading radar.

TASR

Taser International, Inc. is trading up in pre-market on news so keep it on the radar today.

S&P futures vs fair value: +6.4. Nasdaq futures vs fair value: +16.0.

Still shaping up for stocks to rebound as the bulk of earnings still checking in above Wall Street estimates further subdue yesterday's renewed subprime concerns. Honeywell (HON) has been the latest large-cap name to beat expectations and also boost its guidance. Its 2.5% surge in pre-market action, complimented by a 3.8% rally in shares of fellow Dow component IBM (IBM) to a new multi-year high as well, are among the biggest catalysts behind the market's improved underlying tone.

Pre-Market Gappers

Gapping up:

AAPL, IBM, BIDU, AVCI +24.1%, WLSC +19.9%, CBST +13.6%, CLWR +12.8%, BWTR +11.5%, CTXS +9.8%, JNPR +9.5%, SAP +5.8%, SWKS +5.5%, LOCM +4.1%, BOBJ +3.9%

Gapping down:

SMIT -25%, NVEC -8.9%, VMC -5.5%, PEIX -4.6%, M -3.1%, UNH -2.6%, LOGI -1.8%, SPWR -1.8%, EBAY -1.6%.

Watch for Breakout

CHB Over $12.15

ESEA Over $16.40

GSS Over $4.20

JDAS Over $20.30

MCD Over $53

SLR Over $3.95

TD Over $70.30

Upgrades and Downgrades

Upgraded this morning include:

VE, CTXS, SAY, SRE, DSW, CTSH, RBC, JPM, ENCY, SWKS, STJ, PJC, JNPR, and PROS

Downgraded this morning include:

VLO, and SUN

Budd Foxx

Morning News

Futures are up pointing to a higher open this morning.

European markets are trading to the upside today.

In Tokyo the Nikkei 225 did end higher.

Crude oil is up to $75.50 per barrel.

Wholesale gasoline is $2.20 per gallon.

Natural gas back above $650 per unit.

Gold moved up to $674.00 per ounce.

Weekly jobless claims will be released before the open this morning.

Leading indicators for the month of June will be out at 10:00 this morning.

Philadelphia Fed Survey set for release at noon today.

This afternoon minutes from the latest fed meeting will be released.

Ben Bernanke will be in front of Congress for the second day.

International Business Machines profit up 12% in better than expected quarter.

UnitedHealth Group reports bettr than expected quarter with a rise in profit of 22%.

Microsoft, Google, and Bank of America will be watched closely today with earnings set for release.

Earthquake in Japan earlier this week causing problems for major engine parts supplier. Toyota, Suzuki, and Nissan all slowing or in some cases haulting production.

Budd Foxx

Stocks to Watch

SAN FRANCISCO (MarketWatch) - Among the companies whose shares are expected to see active trading in Thursday's session are Bank of America Corp., Google Inc. and Microsoft Corp.

Stocks to Watch

7 Stocks you need to know for Thursday

Bank of America (BAC | charts | news | PowerRating) reports quarterly earnings on Thursday before the market opens; look for $1.20 EPS.

Continental Air (CAL | charts | news | PowerRating) should report $1.79 EPS on Thursday morning before the bell.

When Dow Jones (DJ | charts | news | PowerRating) releases earnings on Thursday morning, look for $0.45 EPS.

Analysts are watching for International Game Technology (IGT | charts | news | PowerRating) to report $0.39 EPS on Thursday morning.

Motorola (MOT | charts | news | PowerRating) looks set to announce flat earnings ($0.00) tomorrow morning.

Nucor (NUE | charts | news | PowerRating) announces earnings on Thursday morning, with most analysts expecting $1.15 EPS.

Reliance Steel (RS | charts | news | PowerRating) is hoping to report $1.57 EPS on Thursday morning.

AXP

American Express breaks out over $65.25 per share so keep it on the radar.

SU CHART

Suncor Energy, Inc. breaks out over $96 per share so keep it on the radar this week.

FOXH

Fox Hollow Tech is bucking the trend today so keep it on the radar.

SLAB CHART

SLAB breaks out over $36.50 per share so keep it on the radar.

AGU CHART

Agrium, Inc. this stock breaks out over $46 per share so keep it on the radar.

Oil Inventories

Energy Dept. just released weekly levels.

Crude oil saw a decline of 500,000 barrels.

Gasoline inventories declined 2.3 million barrels.

Distillates were down 200,000 barrels.

Budd Foxx

COP

Conophilips has a decent tone in early trading so keep it on the radar.

Top Performers

M / HUM / CNI / CSX / NSC / BNI

UNP / COMS / USNA

Railroad Stocks to Watch

BNI, UNP, NSC, RAIL

VCLK

Value Click, Inc. broke out here at $31 per share so keep it on the radar.

5 Interesting Charts

APH / AMAT / AEIS / MGLN / VSEA

S&P futures vs fair value: -8.0. Nasdaq futures vs fair value: -14.5.

Total CPI rose 0.2% (consensus 0.1%) in June, the smallest rise since January. The more closely-watched core rate rose 0.2%, matching economists' forecasts and leaving the year/year rate at 2.2%. That's closer to the Fed's "comfort zone" and will at worst keep policy makers on hold with any tightening efforts for the time being. Housing starts unexpectedly rose 2.3% last month to 1.467 mln (consensus 1.45 mln) but building permits fell 7.5% to 1.41 mln (consensus 1.49 mln). The response in both stocks and bonds has been relatively muted. Futures trade still indicates a dismal open for the cash market while the yield on the 10-year note (+3/32) remains at 5.03%.