Friday, August 31, 2007
S&P futures vs fair value: +18.7. Nasdaq futures vs fair value: +25.5
With regard to Financials, the return of its leadership will be a crucial leg of support for a market that struggled to find direction yesterday as the absence of its upside influence acted as an overhang.
Stocks Trading Up In Pre-Market
Budd Foxx
Upgrades and Downgrades
QLGC, CACH, KNOL, and PSSI
Downgraded this morning include:
BNHNA, SHLD, and CBK
Budd Foxx
Morning News
European markets are trading higher so far today.
In Tokyo the Nikkei 225 did have a nice pop upward.
Crude oil working its way back above $73.50 per barrel.
Wholesale gasoline is back up to $2.08 per gallon.
Natural gas is currently $5.72 per unit.
Gold is sitting at $676.00 per ounce.
Personal income figures for the month of July will be released before the open this morning.
Consumer spending for the month of July will be out at 8:30 this morning.
Chicago PMI for the month of August will be released just after the open this morning.
Consumer sentiment poll for the month of August set for release.
July factory orders will be out at 10:00 this morning.
Ben Bernanke will be speaking from Jackson Hole, Wyoming today.
Dell Inc. reports a 46% rise in profit beating all expectations.
Toyota Motor Corp. setting a goal of 10.4 million vehicle sales for 2009.
Apple Inc. will reportedly offer ring tone service through its iTunes.
Budd Foxx
Thursday, August 30, 2007
7 Stocks you need to know for Friday
Dell (DELL | charts | news | PowerRating) beat earnings expectations on Thursday afternoon, announcing $0.32 EPS over an expected $0.30 EPS.
Esterline Technologies (ESL | charts | news | PowerRating) beat earnings expectations on Thursday, with $0.61 EPS over a consensus of $0.54 EPS.
FuelCell Energy (FCEL | charts | news | PowerRating) rose over 10% on Thursday after the company announced that Q3 losses fell to $15.4 million from $18.7 million the year before.
Novell (NOVL | charts | news | PowerRating) rose nearly 9% after beating analysts earnings estimates.
Sigma Designs (SIGM | charts | news | PowerRating) rose 10% on Thursday after announcing that Q2 revenue doubled to $42.5 million from the same period last year.
SkillSoft (SKIL | charts | news | PowerRating) reports earnings on Friday morning, with analysts looking for $0.03 EPS.
United Natural Foods (UNFI | charts | news | PowerRating) should announce $0.34 EPS before the bell on Friday morning.
DRYS
WFR
SIGM
S&P futures vs fair value: -7.6. Nasdaq futures vs fair value: -3.0.
The chain deflator, a key inflation measure, remained unchanged at 2.7%, matching economists' forecasts. Initial claims rose 9K to 334K (consensus 320K), the highest since mid April but still reflective of healthy labor conditions.
The response in stocks has been modestly positive, but underlying credit issues still leave the futures market languishing below fair value and suggests investors will take some of yesterday's broad-based gains off the table.
Pre-Market Gappers
SIGM +18.5%, AGIX +12.0%, SSTR +11.4%, VIP +7.1%, FCEL +5.9%, CHINA +4.0%, TIF +3.9%, CIEN +3.8%, SNUS +3.8%, TIF +3.0%, TASR +3.0%, NOVL +2.4%, MOT +2.2%...
Gapping down:
CWTR -13.7%, ACH -6.9%, HRB -4.7%, SHLD -3.5%, PSS -3.4%, DB -3.3%, BCS -3.3%, SCON -2.7%.
Watch for Breakout
AAPL Over $135.50
CHL Over $67.50
HANS Over $45
ISLN Over $10.75
GRMN Over $105
MRO Over $54
Upgrades and Downgrades
STM, IFX, VSE, CP, LH, AVR, MOT
ATO, IDA, TASR, SIGM, CHINA
Downgrades:
CWTR, PSS, ANDS, GGAL
World Markets and Futures
- Futures are pointing to a lower open this morning
- Asian markets are trading higher
- European markets are trading higher
- GDP-Prel Market expects 4.1%
- Chain Deflator-Prel market expects 2.7%
- Initial Claims at 8:30 am market expects 320K
- Help-Wanted Index at 10 am market expects 25
- Market is worried that the Fed will not cut rates in Sept.
- Crude Oil is currently $73.68 per barrel
- Gold is currently $674 per ounce
Wednesday, August 29, 2007
7 Stocks you need to know for Thursday
Chico's FAS (CHS | charts | news | PowerRating) missed earnings on Wednesday afternoon, announcing $0.22 EPS versus an estimated $0.26 EPS.
Ciena (CIEN | charts | news | PowerRating) announces earnings on Thursday morning, with analysts looking for $0.30 EPS.
Del Monte (DLM | charts | news | PowerRating) reports earnings Thursday morning before the bell, so be watching for $0.01 EPS.
When Freddie Mac (FRE | charts | news | PowerRating) reports quarterly earnings on Thursday morning, anaylsts will be watching for $0.81 EPS.
Genesco (GCO | charts | news | PowerRating) reports tomorrow morning; watch for $0.30 EPS.
Sears Holding (SHLD | charts | news | PowerRating) and Tiffany (TIF | charts | news | PowerRating) both report on Thursday morning; SHLD expects $1.13 EPS, and TIF expects $0.35 EPS.
Oil Inventories
Crude oil saw a decline of 3.5 million barrels.
Gasoline supply down 3.6 million barrels.
Distillates saw a build of 900,000 barrels.
Budd Foxx
GRMN
ASEI
S&P futures vs fair value: +7.8. Nasdaq futures vs fair value: +10.0.
Pre-Market Gappers
BIG +13.7%, SMTC +9.2%, LEND +7.0%, LMC +6.1%, STX +5.9%, ACH +5.0%, ZNH +4.9%, NOK +4.2%, VMW +3.4%, HOKU +3.4%, CFC +1.8%...
Gapping down:
PDLI -17.6%, NCTY -14.4%, LNUX -6.4%, ARUN -5.6%, JOYG -5.4%.
Upgrades and Downgrades
AZO, IVAC, SE, SGMS, TAP, and SPRT
Downgraded this morning include:
PLMD, PDLI, BSC, WYNN, SONC, PLMD, and LNUX
Budd Foxx
Morning News
European markets are trading higher today.
In Tokyo the Nikkei 225 did lose ground.
Crude oil is sitting right at $72.00 per barrel.
Wholesale gasoline is $2.03 per gallon.
Natural gas currently $5.65 per unit.
Gold hanging at $674.00 per ounce.
Energy Dept. will release weekly inventory levels at 10:30 this morning.
Reports are out that Altria Group may announce it will be spinning off its Philip Morris division.
George Reyes chif financial officer of Google Inc. to step down.
Nokia Corp. launching internet music and game service.
Boeing has won rocket contract with NASA.
General Mills to shut down two plants and cut nearly 600 jobs.
Budd Foxx
Tuesday, August 28, 2007
7 Stocks you need to know for Wednesday
Micros Systems (MCRS | charts | news | PowerRating) beat earnings on Wednesday after the close, announcing $0.75 EPS over an expected $0.70 EPS.
Big Lots (BIG | charts | news | PowerRating) reports earnings on Wednesday before the bell; watch for $0.12 EPS.
Brown Shoe (BWS | charts | news | PowerRating) is looking to announce $0.25 EPS before the market opens on Wednesday.
Dollar Tree (DLTR | charts | news | PowerRating) should report $0.33 EPS on Wednesday morning.
When Energy Conversion (ENER | charts | news | PowerRating) announces quarterly earnings on Wednesday before the bell, be watching for -$0.11 EPS.
Joy Global (JOYG | charts | news | PowerRating) and Williams-Sonoma (WSM | charts | news | PowerRating) both report earnings on Wednesday morning; watch for $0.69 EPS from JOYG and $0.16 EPS from WSM.
HOKU
BNI
S&P futures vs fair value: -7.0. Nasdaq futures vs fair value: -12.0.
Pre-Market Gappers
XOMA +27.2%, PLMD +14.2%, CSUN +8.5%, IDEV +5.6%, IDSY +5.1%, ACH +3.2%, AEO +3.0%, TSM +2.4%, BNI +2.1%, GFI +1.7%, OSIP +1.5%...
Gapping down:
SCON -9.9%, FMT -8.9%, LFC -7.0%, STT -4.9%, CHL -4.2%, FXI -4.0%, BSC -2.8%, BCS -2.8%, LEH -2.6%, CFC -2.0%.
Watch for Breakout
CORT Over $3
EAS Over $26.70
GRMN Over $105
IDXX Over $110
ITW Over $58.60
SUF Over $6
Morning News
European markets are trading lower today.
In Tokyo the Nikkei 225 did end lower.
Crude oil back above $72.00 per barrel.
Wholesale gasoline is $2.03 per gallon.
Natural gas is $5.43 per unit.
Gold is sitting at $677.00 per ounce.
Consumer confidence for the month of August will be released at 10:00 this morning.
FOMC minutes will be out at 2:00 this afternoon.
Credit card defaults on the rise in the first half of the year.
Inventory of homes for sale reaching a 15 year high.
Medco Health Solutions to buy PolyMedica Corp.
Merril Lynch downgrades Bear Stearns, Lehmon Brothers, and Citigroup this morning.
Warren Buffet raising his stake in Burlinton Northern Santa Fe.
Budd Foxx
Monday, August 27, 2007
7 Stocks you need to know for Tuesday
China Medical Technologies (CMED | charts | news | PowerRating) reports earnings on Tuesday morning before the bell; watch for $0.29 EPS.
Corinthian Colleges (COCO | charts | news | PowerRating) is expected to announce $0.04 EPS before the bell on Tuesday.
Analysts will be watching for Sanderson Farms (SAFM | charts | news | PowerRating) to report $1.93 EPS before the market opens on Tuesday morning.
Tuesday Morning (TUES | charts | news | PowerRating) will report earnings before the bell tomorrow; look for $0.05 EPS.
Borders Group (BGP | charts | news | PowerRating), Dycom (DY | charts | news | PowerRating) and Micros Systems (MCRS | charts | news | PowerRating) all report on Tuesday afternoon after the market closes, so watch for heightened price action and volatility ahead of the bell.
BIDU
SCON
CROX
Pre-Market Gappers
GTW +53.7%, ACH +25.1%, GERN +7.4%, ONXX +6.2%, RMBS +4.8%, STX +3.4%, CROX +2.4%, HD +1.5%...
Gapping down:
NRMX -28.1%, ANTP -10.7%, ALGN -1.7%, CFC -1.6%.
Watch for Breakout
ANO Over $3.10
BAY Over $79
CRNT Over $18.15
EXPE Over $30
IVGN Over $79.50
NOK Over $31
Upgrades and Downgrades
CNA, LUM, RDC, ERF, THC, DISCA, and TSRA
Downgraded this morning include:
HTV, KVHI, and DLIA
Budd Foxx
Morning News
European markets are trading higher.
In Tokyo the Nikkei 225 did gain ground.
Crude oil back above $71.00 per barrel.
Wholesale gasoline has moved up to $1.96 per gallon.
Natural gas down to $5.20 per unit.
Gold is sitting at $676.00 per ounce.
Existing home sales for the month of July will be out at 10:00 this morning.
U.S. Steel to buy Stelco Inc. for $1.04 billion.
Gateway Inc. to be bought by Acer for $710 million.
Home Depot will sell its wholesale supply unit for a discounted price of $8.5 billion.
Sony Corp. developing a battery that will run on sugar. The casing for the battery will be made of a vegetable plastic.
Dunkin Donuts latest chain to announce they will cut trans fat from there menu.
Budd Foxx
Saturday, August 25, 2007
VIDEO - Stock Picks
Video – Stock Picks
http://www.leavittbrothers.com/.
Friday, August 24, 2007
7 Stocks you need to know for Monday
On Friday, Gap (GPS | charts | news | PowerRating) rose 5% after announcing that Q2 profit rose 19% from the year before.
American Woodmark (AMWD | charts | news | PowerRating) gained 7% on Friday, after the company increased its dividend and initiated a $100 million stock buyback.
Recent IPO Blackstone (BX | charts | news | PowerRating) announced that a proposed tax bill legislation currently in the Senate would triple the private-equity firm's yearly taxes.
Computer Sciences (CSC | charts | news | PowerRating) reports quarterly earnings on Monday after the close, with analysts looking for $0.71 EPS.
Shanda Interactive (SNDA | charts | news | PowerRating) should report $0.36 EPS after the bell on Monday.
CDC Corporation (CHINA | charts | news | PowerRating) and China Medical Technologies (CMED | charts | news | PowerRating) both report earnings on Tuesday before the bell, so watch for heightened price action and volatility ahead of the close on Monday.
BIIB
S&P futures vs fair value: +0.3. Nasdaq futures vs fair value: -4.0.
ACH
Pre-Market Gappers
MENT +11.5%, ARNA +7.0%, AYR +5.6%, ASIA +5.4%, WFMI +2.7%, OATS +2.3%...
Gapping down:
CSUN -19.5%, SNIC -13.6%, MRVL -9.0%, CHTR -3.7%, PSUN -3.3%, CFC -2.2%, BCS -1.8%, VMW -1.7%, RIMM -1.6%.
Upgrades and Downgrades
APOL, EYE, PLT, BRCD, and GME
Downgraded this morning include:
SNIC, GCO, FL, and LTXX
Budd Foxx
Morning News
European markets are trading lower today.
In Tokyo the Nikkei 225 did end lower.
Crude oil is $69.61 per barrel.
Wholesale gasoline sitting at $1.91 per gallon.
Natural gas down to $5.58 per unit.
Gold up just a bit to $669.00 per ounce.
Durable goods orders for the month of July will be out before the open this morning.
July new home sales figures will be out at 10:00 this morning.
Home Depot reportedly may except $1.2 billion less than original price agreed on for its wholesale distribution business.
Gap Inc. reports a jump in quarterly profit, raise outlook for rest of 2007, and announcing a $1.5 billion share buyback.
Mexican oil rigs only suffer minor damage from hurricane Dean and output is almost back to normal.
Senator John Warner calling for President Bush to start pulling troops out of Iraq by Christmas.
This will make you think about time. The Big Mac turns 40 years old.
Budd Foxx
Thursday, August 23, 2007
Pre-Market Gappers
CFC +15.6%, LLNW +12.0%, GNVC +9.6%, TMA +8.3%, IMB +7.7%, NFI +7.4%, LEND +6.6%, RAS +4.8%, SFD +4.7%, HSOA +7.6%, FMT +4.4%, KFN +4.6%, FRO +4.2%...
Gapping down:
SMRT -13.9%, PLCE -11.4%, IMMR -9.5%, HOTT -3.4%, TTM -1.8%.
Watch for Breakout
BRLC Over $7
RTIX Over $12
STN Over $88.40
TZOO Over $18
PCLN Over $79.75
VRTX Over $38
Upgrades and Downgrades
HNAB, CN, JOYG, MGI, MEE, OSIP,
CFC, TOL, HTE
Downgrades:
BR, EV, WXS, TWB
World Markets and Futures
- Futures are pointing to a higher open
- Asian Markets ended the day trading higher
- European Markets are trading higher
- Countrywide scores $2B investment
- Crude Oil is just below $70 per barrel
- Gold is trading up and currently $673.10 per ounce
- Yen Falls Most in 3 Years Against the Euro
- Initial Claims at 8:30 am Market expects 320K
- Leading Indicators at 10 am
Wednesday, August 22, 2007
Bank of America Buys Into Countrywide
Bank of America knows when it's time to buy.
The Charlotte, N.C.-based bank is making a $2 billion equity investment in the beleaguered Countrywide Financial (nyse: CFC - news - people ), the companies said Wednesday evening.
Bank of America (nyse: BAC - news - people ) will purchase $2 billion worth of preferred Countrywide stock yielding 7.3%, and that can be converted into common stock at $18 per share, giving the mortgage lender a much-needed cash infusion amid a crippling credit crunch.
Stocks to Watch for Thursday
Stock to Watch
7 Stocks you need to know for Thursday
Abercrombie & Fitch (ANF | charts | news | PowerRating) beat earnings expectations on Wednesday afternoon, announcing $0.88 EPS over an expected $0.87 EPS.
Children's Place (PLCE | charts | news | PowerRating) reports earnings on Thursday before the bell; watch for -$0.95 EPS.
Hormel Foods (HRL | charts | news | PowerRating) should announce $0.41 EPS before the market opens on Thursday morning.
When New York & Company (NWY | charts | news | PowerRating) reports earnings Thursday morning, analysts will be looking for $0.05 EPS.
Analysts are watching for Stein Mart (SMRT | charts | news | PowerRating) to report $0.05 EPS before the bell on Thursday.
Aeropostale (ARO | charts | news | PowerRating) and bebe stores (BEBE | charts | news | PowerRating) both report on Thursday after the close, so watch for heightened price action and volatility ahead of the bell.
TNH
S&P futures vs fair value: +9.3. Nasdaq futures vs fair value: +11.0.
Pre-Market Gappers
ACH +16.7%, PGLA +16.3%, BCSI +15.4%, BYI +12.4%, MGM +12.2%, TECD +9.3%, AMTD +8.6%, BTJ +8.5%, DRYS +8.3%, CTIC +8.0%, NMX +7.3%, NBIX +8.2%, SPWR +5.7%, SCHW +5.1%, NTES +5.0%, RTP +4.7%, TOL +4.7%, BYD +4.6%, LVS +3.0%...
Gapping down:
ABIX -41.5%, EFUT -10.2%, MDT -1.6%.
Upgrades and Downgrades
NTES, MPR, E, LOW, CPB, GGC, CTL, and BYI
Downgraded this morning include:
DRL, PSO, EL, ETFC, and ACAS
Budd Foxx
Morning News
European markets are trading higher today.
In Tokyo the Nikkei 225 ended pretty flat.
Crude oil is down below $70.00 per barrel.
Wholesale gasoline is down to $1.87 per gallon.
Natural gas sitting at $5.81 per unit.
Gold is currently $667.00 per ounce.
The Energy Dept. will release weekly oil inventory levels at 10:30 this morning.
Reports are out that TD Ameritrade and E-Trade are in serious merger talks.
Dubai World reportedly planning a $5 billion investment in MGM Mirage.
Toll Brothers reports a 85% drop in third quarter profit.
Toyota Motor Corp. goal for the year of 2009 is to sell 10.4 million vehicles.
First Magnus Financial files for chapter 11 bankruptcy protection.
Hurrcane Dean still a category 1 storm after slamming the Yucatan as a category 5 storm with winds of 165 mph.
Budd Foxx
Tuesday, August 21, 2007
7 Stocks you need to know for Wednesday
Analog Devices (ADI | charts | news | PowerRating) beat earnings expectations on Tuesday afternoon, announcing $0.37 EPS over an expected $0.36 EPS.
Medtronic (MDT | charts | news | PowerRating) matched earnings after the bell on Tuesday with $0.62 EPS.
Eaton Vance (EV | charts | news | PowerRating) reports earnings on Wednesday before the market opens; look for $0.42 EPS.
Frontline (FRO | charts | news | PowerRating) should announce $1.08 EPS before the bell on Wednesday.
When Regis (RGS | charts | news | PowerRating) reports quarterly earnings on Wednesday morning, watch for $0.57 EPS.
Toll Brothers (TOL | charts | news | PowerRating) should report $0.05 EPS on Wednesday morning before the market opens.
WCI Communities (WCI | charts | news | PowerRating) is expected to announce -$1.13 EPS Wednesday morning.
ISRG
ISRG CHART
POT
POT CHART
S&P futures vs fair value: -1.2. Nasdaq futures vs fair value: -4.8.
Pre-Market Gappers
BAY +5.5%, CFC +4.6%, ATML +4.1%, MT +2.9%, BIDU +1.6%, COF +1.4%, EBAY +1.4%, CROX +1.2%...
Gapping down:
CSG -3.9%, TOL -2.5%, REP -2.0%, GFI -2.0%, DELL -1.2%.
CANDLESTICK POSITIVE INDICATORS AND GOOD CHARTS FOR: Tue
ALDA, VSNT.
WATCHLIST :
BKCC, IRIS, KOP, UIC, LYO,
INTERESTING CHARTS:
BPHX, NM, WDC, BIDZ, PAET, FOSL,
STKL, QCCO, MYL, AGP, GGL.
Upgrades and Downgrades
ASML, WWY, VPRT, NSM, PDLI, COF
MU, NCMI, VSCN, CP, MCD, MAN
Downgraded this morning include:
LNN, COT, SPF, HOV, and TOL
Budd Foxx
Morning News
European markets are trading lower so far today.
In Tokyo the Nikkei 225 did close higher.
Crude oil sitting just below $71.00 per barrel.
Wholesale gasoline is $1.92 per gallon.
Natural gas dipping to $5.95 per unit.
Gold sitting at $665.00 per ounce.
Meeting scheduled this morning for Ben Bernanke, Hank Paulson, and Chris Dodd.
Foreclosures for the month of July up 9% over the month of June.
Google Inc. forming a partnership with Chinese social networking site.
Capital One Financial cutting 1,900 jobs and to close its wholesale mortgage business.
Dell Computer delaying shipments of notebook computers.
Hurricane Dean has made landfall on the Yucatan Peninsula as a category 5 storm.
Budd Foxx
Monday, August 20, 2007
7 Stocks you need to know for Tuesday
American Eagle (NYSE:AEO - News) reports earnings on Tuesday morning; watch for $0.36 EPS. AEO's PowerRating (for Traders) is 4.
Analysts are watching for BJ's Wholesale (NYSE:BJ - News) to report $0.41 EPS on Tuesday before the bell. BJ's PowerRating (for Traders) is 4
Dick's Sporting Goods (NYSE:DKS - News) announce quarterly earnings on Tuesday morning, look for $0.77 EPS. DKS's PowerRating (for Traders) is 6.
Saks (NYSE:SKS - News) is looking to report -$0.15 EPS when the company announces earnings on Tuesday morning. SKS's PowerRating (for Traders) is 5.
Staples (NasdaqGS:SPLS - News) and Target (NYSE:TGT - News) both report earnings before the bell on Tuesday; SPLS should announce $0.25 EPS, and TGT is looking for $0.80 EPS. SPLS's PowerRating (for Traders) is 4, and TGT's PowerRating (for Traders) is 5.
Affiliated Computer Services (NYSE:ACS - News) reports earnings on Tuesday after the close, so watch for heightened price action and volatility ahead of the close. ACS's PowerRating (for Traders)X
Gapping up on strong earnings/guidance:
Pre-Market Gappers
TMA +9.6%, DNDN +7.4%, LOW +6.3%, HAST +4.7%, FSLR +4.5%, MPEL +4.4%, LOCM +3.5%, CFC +3.4%...
Gapping down:
CS -1.8%, NVS -1.1%.
RIMM
Watch for Breakout
RSTI Over $73.20
PNY Over $27.25
TRCA Over $7.25
TNL Over $29.15
TSFG Over $24
WFT Over $60
Upgrades and Downgrades
FLS, TSM, NNBR, CCO, JBHT, LAMR, MPEL, CNP, UCLP, DLTR, AGP, FSLR, and DRI
Downgraded this morning include:
GNA, MHP, and OATS
Budd Foxx
Morning News
European markets are trading higher so far today.
In Tokyo the Nikkei 225 did end higher.
Crude oil is $71.00 per barrel.
Wholesale gasoline is $1.96 per gallon.
Natural gas is sitting at $6.50 per unit.
Gold is currently $667.00 per ounce.
Leading indicators for the month of July will be released at 10:00 this morning.
Nasdaq Stock Exchange reportedly looking to sell 31% stake in London Stock Exchange.
Lowe's is set to report earnings here before the bell this morning.
Microsoft has cut the price of its Xbox gaming system in Europe.
First Solar Inc. has been upgraded to a buy from a hold at Deutshe Bank this morning.
Countrywide Financial has begun layoffs of workers.
Mine officials in Utah now saying there is a good chance the six miners trapped in the mountain may never be found.
Hurricane Dean slams Jamaica now heading for the Cayman Islands. The current track of the storm would spare most all the oil rigs in the Gulf of Mexico.
Budd Foxx
Sunday, August 19, 2007
VIDEO - Correction or Beginning of a Downtrend
Video – Correction or Beginning of a Dowtrend?
http://www.leavittbrothers.com/.
Saturday, August 18, 2007
7 Stocks you need to know for Monday
Lowe's (LOW | charts | news | PowerRating) is expected to announce $0.61 EPS on Monday morning before the bell.
Analysts are watching for Solarfun Power Holdings (SOLF | charts | news | PowerRating) to report $0.04 EPS before the market opens on Monday.
Oplink Communications (OPLK | charts | news | PowerRating) and Perry Ellis (PERY | charts | news | PowerRating) both announce earnings after the close on Monday, so watch for heightened price action and volatility ahead of the close.
Countrywide Financial (CFC | charts | news | PowerRating) gained over 11% on Friday, after Banc of America gave the company a ratings upgrade, from Sell to Neutral.
Nordstrom (JWN | charts | news | PowerRating) announced better than expected profit on Thursday, but said results were slightly lower due to the company's credit-card business.
Friday, August 17, 2007
Fed has cut the discount rate 50 basis points from 6.25% to 5.75%
Stock Trading up in Pre-Market
POT, CROX, ICE, CME, GROW, MA and TSL
MEH +9.5%, TMA +6.6%, STM +5.7%, CFC +5.5%, BBI +4.2%, LEND +1.8%, NOK +1.1%, DELL +0.3%...
Gapping Down:
MT -4.4%, WPPGY -4.0%, CSG -3.5%, BAY -2.5%, ASML -2.5%, CCL -2.3%.
Goldman Sachs says Fed will cut rate to 4.5% in 2007
Stocks to Watch
Stocks to Watch
Upgrades and Downgrades
RATE, STX, OMG, SONS, CMED, EXC, AGU
OWW, SHRP, ADSK, SAP, BBI, CAI, HD, ANF
NICE, KSS, CFC
Dowgrades:
RARE, WNS, HNP, SLG, BXP, DRI, CPS, CW
World Markets and Futures
- Futures are pointing to a much lower open
- Asian Markets are trading lower
- European Markets are trading lower
- HP quarterly profit and sales are strong
- Bank of America issues MasterCard debit cards
- Peru Quake Death Toll Exceeds 500
- Goldman Sachs says Fed will cut interest rate to 4.5%
- Michigan Sentiment at 10 am market expects 88.5
- Crude Oil is $71.73 per barrel
- Gold is up a bit and is $661.60 per ounce
Thursday, August 16, 2007
Bank of America Issues MasterCard Debit
Bank of America, the nation's second-largest bank by assets, is the largest issuer of debit cards in the United States, and for the first time will be issuing MasterCard debit cards. (MA)
Stocks Bucking the Trend
BAC, FFIV, CWT, RKH
NTAP
ISRG
Pre-Market Gappers
KFN +15.3%, NTAP +6.6%...
Gapping down:
CFC -15.5%, CSG -3.8%, BHP -3.7%, RTP -3.4%, CROX -3.0%, AAPL -2.7%, NOK -2.2%, BP -1.8%.
Dow Support Levels (DJIA)
12,600
MA Support Levels:
200 EMA is 12,855
200 DMA is 12,830
Lower Bollinger Band Support:
12,850
Fib Retracement Support Levels:
Fib 50% Retracement is 12,980
Fib 62% Retracement is 12,735
Fib 100% Retracement is 11, 933
Stocks to Watch
Stocks to Watch
Upgrades and Downgrades
ANN, FSLR, SNP, PTR, PLT, CECO,
SOV, KFN, SBS, INTC, CMC, MFA
CBL, EMS, DRQ, GKSR
Downgrades:
ACUS, DDE, MMPI
World Markets and Futures
- Futures are pointing to a much lower open
- Asian Markets are trading much lower
- Euoropean Markets are trading much lower
- Housing Starts at 8:30 am Market expects 1405K
- Initial Claims at 8:30 am Market expects 315K
- Philadelphia Fed at 12 noon Market expects 8.0
- Oil is trading down and is currently $71.28 per barrel
- Gold is trading down and is currently $673.90 per ounce
Wednesday, August 15, 2007
7 Stocks you need to know for Thursday
Estee Lauder (EL | charts | news | PowerRating) reports earnings on Thursday morning; look for $0.50 EPS.
When Flowers Foods (FLO | charts | news | PowerRating) announces quarterly earnings on Thursday before the market opens, watch for $0.23 EPS.
FTD Group (FTD | charts | news | PowerRating) is expected to report $0.28 EPS on Thursday before the bell.
Analysts are watching for JC Penney (JCP | charts | news | PowerRating) to report $0.78 EPS when the company announces earnings on Thursday morning.
Watson Wyatt (WW | charts | news | PowerRating) should announce $0.67 EPS before the bell on Thursday.
Guess (GES | charts | news | PowerRating) and Hewlett Packard (HPQ | charts | news | PowerRating) both announce earnings on Thursday afternoon; GES should report $0.33 EPS, and HPQ is looking for $0.65 EPS.