Sunday, September 30, 2007

VIDEO - Blackjack Concepts and Trading

In this week's video I use Blackjack concepts to change your trading mentality.

Video – Blackjack Concepts and Trading


http://www.leavittbrothers.com/.

Saturday, September 29, 2007

Stock Market Review

Friday, September 28, 2007

MA

Mastercard, Inc. breaks out over $152 per share so keep it on the radar this afternoon.

POT

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

CROX

Crocs, Inc. is making new highs so keep it on the radar.

Top Performers

AZZ / WCC / HAR / SPW / YGE

KOSN / CRNT / FTEK / TZOO

PCLN

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

HOLX

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

RIG

TransOcean, Inc. is acting well in early trading so keep it on the radar.

JSDA

Jones Soda Company has a good tone in early trading so keep it on the radar.

TZOO

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

FSLR

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

S&P futures vs fair value: -2.5. Nasdaq futures vs fair value: -3.5.

Futures get a slight boost from good economic data. August personal consumption expenditures were up a stronger than expected 0.6%. That will support third quarter GDP. The core PCE deflator was up just 0.1%, in line with expectations. The year-over-year increase stands at just 1.8%.

Pre-Market Gappers

Gapping up:

SSTR +32.7%, COMS +32.6%, CNTF +14.8%, OXGN +10.9%, CKXE +8.3%, KONG +7.3%, APPY +6.7%, LTON +6.2%, LNUX +5.7%, EXTR +5.3%, ALU +5.1%, JRJC +4.7%, BIDZ +4.3%, HRAY +4.0%, TLAB +3.7%, HAR +0.02...

Gapping down:

BBND -31.6%, EPG -8.6%, WYNN -4.2%, CBAK -2.3%, COGN -2.1%, CHL -2.1%.

Watch for Breakout

ABAX Over $22.55

AHS Over $19.35

HE Over $21.80

MA Over $152

NNN
Over $24.60

NWS Over $23.75

TTI Over $22.45

Upgrades and Downgrades

Upgraded this morning include:

SAV, CFR, WPI, CRAI, HAR, THO, CNO, LUM, and HDB

Downgraded this morning include:

CPF, SAMB, GBTS, CNB, SE, BBND, and CMG

Budd Foxx

Morning News

Futures are pointing to a lower open this morning.

European markets are trading lower so far today.

In Tokyo the Nikkei 225 did lose ground.

Crude oil back to $82.77 per barrel.

Wholesale gasoline is $2.07 per unit.

Natural gas is sitting just above $7.00 per unit.

Gold back up to $744.00 per ounce.

August personal income to be released at 8:30 this morning.

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

Chicago PMI for the month of September will be out at 9:45 this morning.

Construction spending for the month of August set for release at 10:00 this morning.

Poll on consumer sentiment for the month of September will be out at 10:00 this morning.

President Bush saying he will take action to reduce air traffic congestion, long delays, and grounded planes.

Alan Greenspan speeking on BBC morning radio show stating he believes a less than 50/50 chance of a recession. He remains concerned about the world economy.

Allcatel Lucent board has reportedly given CEO Patricia Russo one month to turn in a restructuring plan.

Freddie Mac will pay $50 million to settle civil securities fraud charges.

Budd Foxx

Thursday, September 27, 2007

7 Stocks you need to know for Friday

Cintas (CTAS | charts | news | PowerRating) missed earnings on Thursday afternoon, with $0.51 EPS versus estimates of $0.53 EPS.

Jabil Circuit (JBL | charts | news | PowerRating) beat earnings on Thursday afternoon, reporting $0.29 EPS over an expected $0.28 EPS.

AZZ Incorporated (AZZ | charts | news | PowerRating) reports on Friday before the market opens, with analysts looking for $0.48 EPS.

Chattem (CHTT | charts | news | PowerRating) rose over 7% to 20 year highs today, after beating analyst earnings report estimates.

Moody's (MCO | charts | news | PowerRating) rose more than 5%, and McGraw-Hill (MHP | charts | news | PowerRating) also rose, on widespread speculation that the companies will avoid lawsuits stemming from the recent sub-prime mortgage meltdown.

Palm (PALM | charts | news | PowerRating) jumped more than 5% on Thursday after the company unveiled its new $99 "smart phone."

FSLR

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

WYNN

Wynn Resorts, Ltd. just made a new 52 week high so keep it on the radar.

LVS

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

Top Performers

CBAK / KONG / CAAS / JRJC / CPRT

HMIN / CHA / MCO

PCU

Southern Copper, Corp. is acting well in early trading so keep it on the radar. This stock breaks out over $125 per share.

BIDU

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

VMW CHART


VMW looks good to go long over $85 per share so keep it on the radar.

Pre-Market Gappers

Gapping up:

TRFX +68.1%, CBAK +22.5%, CHU +9.3%, BTE +7.3%, JRJC +7.4%, CEA +7.5%, SLM +5.5%, CHL +4.6%, WEN +3.5%, LDK +3.5%, ALU +3.1%, AMR +2.9%, INFY +2.5%, MU +2.4%, SOLF +2.2%, BCS +1.9%, NOK +1.6%...

Gapping down:

RAD -5.0%, ZNH -2.8%, SIGM -2.7%, SBUX -2.3%, CMO -2.6%, SAP -1.1%, BSC -1.0%, TSO -0.9%.

Watch for Breakout

ACTS Over $5.25

BBD Over $29.25

DW
Over $42

CMED Over $42.35

HMIN Over $32.85

HRBN Over $15

NMX Over $130

Upgrades and Downgrades

Upgraded this morning include:

OFG, RNOW, SIRF, KFN, WMT, WSTL, KND, PUK, and MGA

Downgraded this morning include:

HWAY, STO, AFN, FLR, SBUX, RMD, and GME

Budd Foxx

Morning News

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

European markets are trading higher today.

In Tokyo the Nikkei 225 did end higher.

Crude oil back up to $80.86 per barrel.

Wholesale gasoline is $2.03 per gallon.

Natural gas sitting right around $7.00 per unit.

Gold is currently $738.00 per ounce.

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

Final reading on second quarter GDP will be released at 8:30 as well.

August new home sales figures will be released at 10:00 this morning.

Natural gas inventories will be out at 10:30 this morning.

Bed Bath & Beyond beats profit forcast and announced it will buyback $1 billion in stock.

Group that was to buy Sallie Mae for $25 billion now wants out.

British Airways to split multibillion dollar deal between Boeing and Airbus.

Bear Stearns is reportedly in talks with many investors.

Halo 3 brings in $170 million in first day.

Budd Foxx

Wednesday, September 26, 2007

7 Stocks you need to know for Thursday

Bed Bath & Beyond (BBBY | charts | news | PowerRating) beat earnings on Wednesday with $0.55 EPS over an expected $0.52 EPS.

InterVoice (INTV | charts | news | PowerRating) missed earnings on Wednesday with $0.04 EPS versus an expected $0.07 EPS.

Chattem (CHTT | charts | news | PowerRating) is expected to announce earnings on Thursday before the market opens, with analysts looking for $0.74 EPS.

KB Home (KBH | charts | news | PowerRating) reports earnings on Thursday before the market opens; watch for -$0.71 EPS.

Rite Aid (RAD | charts | news | PowerRating) is looking to report -$0.06 EPS on Thursday morning before the bell.

Analysts are watching for Vail Resorts (MTN | charts | news | PowerRating) to report -$0.86 EPS tomorrow morning.

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

GME

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

MON

Monsanto Company has broken out and made a new 52 week high so keep it on the radar.

EFUT

E-Future, Tech has perked up so keep it on the radar.

Oil Inventories

Energy Dept. just released weekly inventory levels.

Crude oil saw a build of 1.8 million barrels.

Gasoline saw a build of 600,000 barrels.

Distillates up 1.6 million barrels.

Budd Foxx

ICE

Intercontinental Exchange continues to act well so keep it on the radar.

ADSK

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

NVDA

Nvidia Corp. has broken out and made a new 52 week high so keep it on the radar.

SYNA

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

Top Performers

CBAK / LOCM / CPSL / XFML

ATU / PTI / TSL / YGE

CSUN

China Sunergy Company Ltd. has a good tone in early trading so keep it on the radar.

S&P futures vs fair value: +5.2. Nasdaq futures vs fair value: +8.0.

Futures hold steady despite weaker than expected durable goods new orders for August. Total orders were down 4.9%. Excluding transportation, orders were down 1.8%. This followed large orders gains in July, so a sizable drop in this volatile series is not surprising.

SCON

Superconductor Tech, Inc. is once again trading up in pre-market so keep it on the radar today.

Pre-Market Gappers

Gapping up:

CNIC +24.3%, VERT +20.7%, CSUN +20.3%, XFML +20.3%, CDS +16.2%, ASTI +9.7%, CBAK +8.5%, LOCM +7.8%, SCON +7.3%, CPSL +7.2%, KERX +6.9%, GM +6.6%, SOLF +6.6%, NOEC +6.5%, CSIQ +6.1%, RHT +6.0%, AKNS +4.8%, SOLF +4.5%...

Gapping down:

FMT -16.2%, RECN -14.8%, CGPI -10.4%, LSCC -6.9%, UA -3.9%, BHP -2.2%, S -2.1%, PALM -1.9%.

Watch for Breakout

AHS Over $19.20

FOSL Over $38

BCSI Over $88

Upgrades and Downgrades

Upgraded this morning include:

PXLW, AEO, ODP, CIT, and CVS

Downgraded this morning include:

CEO, RECN, AGU, STO, HCP, UA, VRSN, WAG, and SPLS

Budd Foxx

Morning News

Futures are pointing to a higher open this morning.

European markets are trading higher today.

In Tokyo the Nikkei 225 did end just a bit higher.

Crude oil sitting just above $80.00 per barrel.

Wholesale gasoline is $2.04 per gallon.

Natural gas is currently $6.32 per unit.

Gold is hanging at $737.00 per ounce.

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

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

The U.S. dollar bouncing off record lows against the euro.

General Motors and the United Auto Workers have reportedly reached a tentative deal.

Toyota stating the company may not see a rise in September sales.

Goldman Sachs downgrades Sprint Nextel this morning.

Nasdaq and Borse Dubai have raised their bid for OMX.

Presidential candidates will square off in New Hampshire tonight.

Budd Foxx

Tuesday, September 25, 2007

7 Stocks you need to know for Wednesday

Worthington (WOR | charts | news | PowerRating) beat earnings on Tuesday with $0.27 EPS over an expected $0.22 EPS.

Red Hat (RHT | charts | news | PowerRating) matched earnings on Wednesday with $0.17 EPS.

Investors are watching for Actuant (ATU | charts | news | PowerRating) to report $0.95 EPS on Wednesday morning before the bell.

Bed Bath & Beyond (BBBY | charts | news | PowerRating) reports earnings on Wednesday after the close, with analysts looking for $0.52 EPS.

InterVoice (INTV | charts | news | PowerRating) and Paychex (PAYX | charts | news | PowerRating) both report earnings after the close tomorrow, so look for heightened price action and volatility ahead of the close.

Lennar (LEN | charts | news | PowerRating) fell over 4% on Tuesday after reporting its worst quarterly loss in the company's history before the bell.

SCON

Superconductor Tech is closing very strong and could be overnight momentum so keep it on the radar.

DRYS

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

FSLR

First Solar Inc. is making new highs on the day here so keep this stock on that trading radar.

Budd Foxx

MGM

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

RIMM

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

ILMN

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

LVS

Las Vegas Sands, Inc. is perking up a bit here so keep it on the radar.

Top Performers

ICE / GRMN / JRJC / SCON / ZVUE

CPSL / DISH / TSO / CHA / EXPE

FMCN / VCLK

POT

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

S&P futures vs fair value: -4.3. Nasdaq futures vs fair value: -8.5.

Futures hold steady. Lennar had a worse than expected earnings report. September consumer confidence and August existing home sales are both due at 10:00 ET.

OXPS

OptionsXpress Holdings (OXPS) will replace RARE Hospitality International (RARE) in the S&P SmallCap 600 after the close of trading on Friday, September 28.

CROX

Crocs, Inc. is trading up in pre-market this morning so keep it on the radar.

EXPE

Expedia (EXPE) will replace Solectron (SLR) in the S&P 500 after the close of trading on Monday, October 1

TSO

Tesoro (TSO) will replace Maxim Integrated Products (MXIM) in the S&P 500 after the close of trading on Wednesday, September 26

ICE

InterContinental Exchange (ICE) will be added to the S&P 500 after the close of trading on Tuesday, September 25. It will take the place of First Data (FDC)

Watch for Breakout

CVS Over $38.50

NPSP Over $5

ELON Over $32.50

ITU Over $47

PVK Over $12.50

SOLF Over $12.50

XLK Over $27

Upgrades and Downgrades

Upgraded this morning include:

TAM, GOL, SNIC, FLWS, WON, and BGB

Downgraded this morning include:

ACLI, CPO, ARRS, K, DF, MMC, CCBL, BKR, CSG, PACR, and BRCM

Budd Foxx

Morning News

Futures are pointing to a lower open this morning.

European markets are trading lower so far today.

In Tokyo the Nikkei 225 did end higher.

Crude oil just above $80.00 per barrel.

Wholesale gasoline is $2.06 per gallon.

Natural gas up to $6.40 per unit.

Gold pulling back just a bit to $733.00 per ounce.

Consumer sentiment for the month of September to be released today.

Existing home sales for the month of August set for release this morning.

Target cutting forcast for September same store sales.

Microsoft Corp. reportedly looking to invest up to $500 million in Facebook. The company will also be releasing highly anticipated Halo 3 today.

BP Plc. CEO stating third quarter revenues will be "dreadful".

United Autoworkers enter second day of strike. It is being reported that each day it cost General Motors $100 million.

Budd Foxx

Monday, September 24, 2007

7 Stocks you need to know for Tuesday

Synnex (SNX | charts | news | PowerRating) matched earnings on Tuesday afternoon with $0.46 EPS.

Microsoft (MSFT | charts | news | PowerRating) gained over 2% on Monday on tomorrow's release of its flagship Xbox 360 game, Halo 3.

BHP Billiton (BHP | charts | news | PowerRating) rose over 5% on Monday, on expectations that the company will announce the discovery of the world's largest gold source in Australia.

Lennar (LEN | charts | news | PowerRating) reports earnings on Tuesday morning before the market opens; watch for -$0.55 EPS.

H.B. Fuller (FUL | charts | news | PowerRating) should announce $0.45 EPS on Tuesday morning before the bell.

Red Hat (RHT | charts | news | PowerRating) is set to announce $0.17 EPS on Tuesday afternoon.

When Worthington (WOR | charts | news | PowerRating) reports earnings on Tuesday afternoon, look for $0.22 EPS.

Top Performers

HANS / NILE / ACH / SPIR / CHL

CPSL / GS

Stocks in Bullish Power Trends

ATI / RIMM / JASO / GRMN / POT

PCU / FCX / TIE / LVS / WYNN / NYX

BIDU

Baidu.com continues to act well so keep it on the radar.

AAPL

Apple Computer, Inc. is acting very well in early trading so keep it on the radar.

VMW

Vmware, Inc. is active in early trading after being recommended by about 7 firms so keep it on the radar today.

Pre-Market Gappers

Gapping up:

CCBL +34.1%, YZC +10.3%, ASTI +9.7%, PTR +9.2%, ZINC +8.8%, CPSL +7.8%, ZVUE +8.8%, ACH +7.8%, CTIC +7.2%, CSUN +6.9%, BHP +6.0%, ANW +5.4%, CSIQ +4.6%, CRNT +4.5%, AAPL +1.7%, DELL +1.6%...

Gapping down:

CEA -11.1%, ZNH -9.6%, PGLA -5.3%, TMA -2.8%, BCS -2.3%, DB -1.8%, HAR -1.7%, TSO -1.6%, HMY -1.3%.
jlee45: thx River

Watch for Breakout

ALXN Over $66

CELL Over $14.75

DAR Over $10.25

GILD Over $40.65

MMM Over $92.50

VRSN Over $34

YUM Over $35.05

Upgrades and Downgrades

Upgraded this morning include:

SLG, ARBA, MOT, SUSS, EMC, OPTM, and EMC

Downgraded this morning include:

FFIV, FDRY, KYPH, LDK, SIRT, ROK, RHT, RS, SIRT, BEC, BCS, PH, and CREE

Budd Foxx

Morning News

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

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

Most Asian markets were closed.

Crude oil pulling back a bit to $80.95 per barrel.

Wholesale gasoline is $2.09 per gallon.

Natural gas sitting just below $6.00 per unit.

Gold up to $742.00 per ounce.

Ben Bernanke will be speaking on education and agriculture today.

The U.S. dollar bouncing off new lows against the euro.

Homebuilders will be reporting earnings this week.

Ford Motor Company CEO Alan Mulally still believes the company will be profitable in 2009.

United Auto Workers ready to strike today at 11:00 this morning. A report is out stating that General Motors and the union are close to a national contract.

Budd Foxx

Saturday, September 22, 2007

VIDEO - Indicators Confirming

In this week's video I review the indicators used a few weeks ago that hinted at a bottom being formed. Also a few of our recent stock picks are covered.

Video – Indicators are Confirming


http://www.leavittbrothers.com/.

Stock Market Review

Friday, September 21, 2007

POT

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

DRYS

Dryships, Inc. breaks out over $78.75 so keep it on the trading radar.

ORCL

Oracle, Corp. is acting very well after posting good earnings so keep it on the radar.

DECK

Deckers Outdoor, Corp. is in a bullish power trend in early trading so keep it on the radar.

MA

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

BIDU

Baidu.com continues to act well so keep it on the radar.

CSCO

Cisco Systems, Inc. has a decent tone in early trading so keep it on the radar. This stock break out over $32.50

Pre-Market Gappers

Gapping up:

PTR +4.5%, LULU +4.3%, GOLD +4.0%, CCL +3.9%, SNP +3.7%, SI +3.6%, ATHN +3.5%, BRLC +3.4%, SHPGY +2.4%, MT +2.2%, DAI +2.2%, BOBJ +2.1%, NKE +2.0%, BHP +1.6%, LMC +1.6%, BP +1.3%, GS +1.1%, AAPL +1.0%...

Gapping down:

HAR -11.6%, GKK -3.4%, ZNH -2.2%, NVS -0.9%.

Watch for Breakout

AUY Over $13.15

CSCO
Over $32.50

SNUS
Over $4.55

TMR Over $2.60

GNVC Over $2.60

GSS Over $4.30

MA Over $152

Upgrades and Downgrades

Upgraded this morning include:

DMND, BPL, PMI, MOS, DSX, MAT, NGLS, and PNM

Downgraded this morning include:

BGH, CC, FDO, AUY, POS, and NDAQ

Budd Foxx

Morning News

Futures are pointing to a strong open this morning.

European markets are trading higher at this point today.

In Tokyo the Nikkei 225 did end lower.

Crude oil is $81.55 per barrel.

Wholesale gasoline currently $2.13 per gallon.

Natural gas dipping back below $6.00 per unit.

Gold continues to go current price is $743.00 per ounce.

Expiration of key futures and option contracts end today.

Gold sitting at levels it hasn't seen in 27 years.

Oracle Corp. out with better than expected quarterly results.

Nike Inc. beat the street with better than expected results.

Google reportedly looking to get into U.K. wireless market.

Royal Dutch Shell and Saudi Aramco will spend $7 billion to expand U.S. refinery

$1.3 billion is all it will take to get your name listed in Forbes list of Richest Americans.

Budd Foxx

Thursday, September 20, 2007

CSCO CHART


CSCO breaks out over $32.50 per share so keep it on the radar for Friday.

7 Stocks you need to know for Friday

Oracle (ORCL | charts | news | PowerRating) beat earnings expectations on Thursday afternoon, announcing $0.22 EPS over an expected $0.21 EPS.

Tektronix (TEK | charts | news | PowerRating) also beat earnings with $0.22 EPS over an expected $0.21 EPS.

Circuit City (CC | charts | news | PowerRating) fell 17% on Thursday after missing earnings in the morning. Rivals Best Buy (BBY | charts | news | PowerRating) and Radioshack (RSH | charts | news | PowerRating) also dropped, in an industry-wide slip.

General Motors (GM | charts | news | PowerRating) fell over 1% on reports of continued haggling over a union-run retiree health-care fund with the United Auto Workers.

Motorola (MOT | charts | news | PowerRating) gained over 3% on Thursday on analyst reports that rival Samsung is out of stock, giving MOT more room to sell products.

POT

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

JASO

JA Solar Holdings Company Ltd. is acting well in early trading so keep it on the radar.

Top Performers

GS / JRJC / APOG / CLNE / SOLF

MELI / AEM / PKE / SLW / CEA / MDG

CROX

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

TIE

Titanium Metals Corp continues to have a good tone to it so keep it on the radar.

VMW

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

GS

Goldman Sachs, Inc. reported good earnings this morning so keep it on the radar today.

S&P futures vs fair value: -3.2. Nasdaq futures vs fair value: -7.8.

Goldman Sachs reports earnings well above expectations, Bear Stearns well below. There has been little net impact on the broad market, which still shows signs of profit-taking after two strong up days. New claims for week of September 15 remain at a very low level, suggesting businesses are not in recession mode of laying off workers.

Pre-Market Gappers

Gapping up:

BRLC +7.6%, NDAQ +3.4%, GFI +3.3%, ACGY +2.9%, GS +2.1%, MOT +1.4%, CROX +1.0%...

Gapping down:

AKAM -3.1%, FDX -2.3%, BCS -2.1%, WYNN -2.0%, LKQX -1.9%, GM -1.7%, BSC -1.2%, F -1.2%, AAPL -0.6%.

Goldman Sachs Reports

The Goldman Sachs Group, Inc. (NYSE: GS - News) today reported net revenues of $12.33 billion and net earnings of $2.85 billion for its third quarter ended August 31, 2007. Diluted earnings per common share were $6.13 compared with $3.26 for the third quarter of 2006 and $4.93 for the second quarter of 2007. Annualized return on average tangible common shareholders' equity (1) was 36.6% for the third quarter of 2007 and 37.5% for the first nine months of 2007. Annualized return on average common shareholders' equity was 31.6% for the third quarter of 2007 and 32.0% for the first nine months of 2007.

Watch for Breakout

BRCM Over $36.85

CY Over $29.15

CSCO Over $32.50

MENT Over $15

SWKS Over $9.05

VZ Over $44

CVX Over $95

Upgrades and Downgrades

Upgrades:

OCNF, NOK, AUDC, GIS, BPL

Downgrades:

SBNY, VDSI, CMED, ALOG, VSE, PEIX

AVR, CLC, OMTR, PBG, KYPH, JCOM

BGH, WYNN, FARO, AKAM

Upgrades and Downgrades

World Markets and Futures

  • Futures are pointing to a lower open
  • Asian markets are trading higher
  • European markets are trading lower
  • Gold is $729.50 per ounce
  • Crude Oil is $81.93 per barrel
  • Goldman Sachs and Bear Sterns will report earnings before the bell
  • Initial Claims at 8:30 am market expects 320K
  • Leading Indicators at 10 am market expects 0.0%
  • Philadelphia Fed at 12 pm market expects 2.5

Wednesday, September 19, 2007

7 Stocks you need to know for Thursday

Comtech Telecommunications (CMTL | charts | news | PowerRating) beat earnings on Wednesday afternoon, announcing $0.63 EPS versus estimates of $0.44 EPS.

Morgan Stanley (MS | charts | news | PowerRating) fell over 2% on Wednesday after missing earnings, reporting a 7% decline in profit from last year.

Bear Stearns (BSC | charts | news | PowerRating) reports earnings on Thursday morning, with analysts looking for $1.78 EPS.

When Carnival (CCL | charts | news | PowerRating) announces earnings on Thursday before the bell, be watching for $1.62 EPS.

Circuit City (CC | charts | news | PowerRating) is expected to announce a loss of -$0.12 EPS on Thursday morning.

Analysts are watching for Goldman Sachs (GS | charts | news | PowerRating) to report $4.37 EPS tomorrow morning before the market opens.

FedEx (FDX | charts | news | PowerRating) reports earnings early tomorrow morning; watch for $1.53 EPS.

VMW

VMWare, Inc. has a decent tone to it today so keep it on the trading radar.

XTO

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

SNCR

Synchronoss Tech, Inc. continutes to act well so keep it on the radar.

Oil Inventories

Energy Dept. just released weekly levels.

Crude oil saw a decline of 3.8 million barrels.

Gasoline saw a build of 400,000 barrels.

Distillates also saw a build of 1.5 million barrels.

Budd Foxx

FCX and PCU

FCX and PCU are a couple of metal stocks that continue to act well so keep them on the radar.

ATI and RTI

ATI and RTI are acting well in early trading so keep them on the radar as the metals continue to be hot stocks.

Top Performers

ASTI / LEND / KWD / NFI / GOL

CLNE / HESS / WRNC / JRJC / MELI

TIE

Titanium Metals Corp. has a good tone in early trading so keep it on the radar.

NEM

Newmont Mining, Corp. continues to act well so keep it on the radar.

CLNE

Clean Energy Fuels, Corp. is in a bullish power trend in early trading so keep it on the radar.

MA

Mastercard continues to act well so keep it on the radar.

Pre-Market Gappers

Gapping up:

NTWK +42.0%, RNVS +27.4%, LEND +18.6%, GOLD +3.2%, BHP +3.1%, TS +2.9%, AAUK +2.7%, STX +2.6%, CS +2.2%, SYT +1.8%, RTP +1.7%, AAPL +0.9%...

Gapping down:

BOBJ -2.8%, LFC -2.2%, VOD -1.8%, FTE -1.7%, SNDA -1.9%.

Upgrades and Downgrades

Upgraded this morning include:

MFA, RBN, INTX, PLXS, WBS, ASBC, PCBC, RT, and WRNC

Downgraded this morning include:

TCM, CCE, ILMN, BHE, SIVB, TCBI, CFR, XMSR, SIRI, AOS, RBC, BEZ, and ROP

Budd Foxx

Morning News

Futures are pointing to a higher open this morning.

European markets are trading higher so far today.

In Tokyo the Nikkei 225 saw a nice gain.

Crude oil is sitting at $82.15 per barrel.

Wholesale gasoline is $2.07 per gallon.

Natural gas is $6.57 per unit.

Gold up to $731.00 per ounce.

Consumer price index for the month of August will be released at 8:30 this morning.

Housing starts for the month of August will also be released before the open this morning.

Building permits for August set for release at 8:30.

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

Half percentage point cut by the Federal Reserve fuels the market.

Bank of Japan leaves interest rates unchanged.

Morgan Stanley will be out with earnings today.

Accredited Home Lenders agreed to be bought by Lone Star for $11.75 per share. Back in June the companies had agreed to $15.10 per share.

Budd Foxx

Tuesday, September 18, 2007

7 Stocks you need to know for Wednesday

Lehman Brothers (LEH | charts | news | PowerRating) outperformed the other brokers after announcing better than expected earnings, and receiving an additional boost from the rate cut.

CarMax (KMX | charts | news | PowerRating) reports earnings on Wednesday morning, with traders looking for $0.29 EPS.

Dress Barn (DBRN | charts | news | PowerRating) should report $0.42 EPS before the market opens on Wednesday.

When General Mills (GIS | charts | news | PowerRating) reports quarterly earnings on Wednesday morning, be looking for $0.79 EPS.

Analysts will be watching for Morgan Stanley (MS | charts | news | PowerRating) to announce $1.53 EPS tomorrow morning.

Apogee Enterprises (APOG | charts | news | PowerRating) and CKE Restaurants (CKR | charts | news | PowerRating) both report earnings tomorrow afternoon, so watch for heightened price action and volatility ahead of the bell.

ICE

Intercontinental Exchange, Inc. this is the first day up after being down about 9 days in a row so keep it on the radar.

Possible Overnight Momentum

AMZN / AAPL /BIDU / ICE / PCU

MA / FSLR / GS / WYNN

SGMO

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

RIMM

Research in Motion is making new highs so keep it on the radar.

Top Performers

ASTI / BBY / GIL / CBRL / RTI

SNCR

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

BIDU

Baidu.com is in a bullish power trend in early trading so keep it on the radar.

BBY

Best Buy beat earnings this morning so keep it on the radar.

S&P futures vs fair value: +6.9. Nasdaq futures vs fair value: +12.5.

Futures rise on Lehman earnings above average forecast. PPI -1.4% for August is seen as beneficial, but will be temporary as the 6.6% drop in energy prices is not sustainable. Core rate was in line with expectations at +0.2%. Oil is at $80.76 a barrel.

Pre-Market Gappers

Gapping up:

FCPO +101%, FRPT +17.6%, MLNM +12.4%, LEH +5.4%, BBY +5.3%, ASTI +5.2%, ADBE +4.7%, GOLD +3.7%, BSC +3.1%, MT +3.0%, BOBJ +2.5%, BHP +2.5%, ALU +2.3%, GS +2.2%...

Gapping down:

MEND -19.0%, NFI -15.3%, NXG -10.1%, ETFC -6.8%, LEND -2.8%, CELG -2.2%, TWX -1.2%, GSK -1.0%.

Upgrades and Downgrades

Upgraded this morning include:

SRVY, RRR, ONNN, and ENB

Downgraded this morning include:

KWD, CAM, FMC, WBD, HHS, NTII, MEND, and KWD

Budd Foxx

Morning News

Futures are pointing to a slightly higher open this morning.

European markets are slightly higher so far today.

In Tokyo the Nikkei 225 did end lower.

August producer price index will be released at 8:30 this morning.

Fed decision on interest rates to be released at 2:15 this afternoon.

Crude oil sitting just below $81.00 per barrel.

Wholesale gasoline is $2.04 per gallon.

Natural gas is currently $6.72 per unit.

Gold up to $728.00 per ounce.

Lehman Brothers will be reporting earnings today.

General Motors downgraded this morning.

E-Trade Financial cuts earnings outlook and will put an end to wholesale mortgage operations.

Apple Computer will sell the iPhone in Europe for $542.00.

Boeing Company believes Chinese carriers will need 3,400 planes over the next 20 years.

Budd Foxx

Monday, September 17, 2007

7 Stocks you need to know for Tuesday

Adobe Systems (ADBE | charts | news | PowerRating) beat earnings on Tuesday afternoon, announcing $0.45 EPS over an expected $0.41 EPS.

The European Union announced it had denied Microsoft's (MSFT | charts | news | PowerRating) appeal to a negative anti-trust suit, forcing MSFT to pay a $497 million euro fine.

AutoZone (AZO | charts | news | PowerRating) reports earnings on Tuesday morning, with analysts looking for $3.25 EPS.

Best Buy (BBY | charts | news | PowerRating) should announce $0.44 EPS when the company reports earnings on Tuesday before the bell.

Kroger (KR | charts | news | PowerRating) is looking to report $0.34 EPS on Tuesday morning.

Analysts are watching for Lehman Brothers (LEH | charts | news | PowerRating) to announce $1.52 EPS Tuesday before the market opens.

Watch for Darden Restaurants (DRI | charts | news | PowerRating) to report $0.70 EPS on Tuesday morning.

PCU

Southern Copper, Corp. has a good tone in early trading so keep it on the radar.

Top Performers

EDO / INSP / AXYS / CONN / BOBJ

IGLD / MON / LDK / FDP / ULBI

AAPL

Apple Computer, Inc. is acting well in early trading so keep it on the radar.

POT

Potash has a good tone in early trading so keep it on the radar.

MON

Monsanto Company is in a bullish power trend in early trading so keep it on the radar.

INSP

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

RMBS

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

BIDU

Baidu.com tgt raised to $333 at RBC; favorable trends in Q3

Pre-Market Gappers

Gapping up:

CTDC +10.3%, BOBJ +6.9%, CSUN +6.9%, INSP +5.7%, TASR +3.3%, CHINA +3.1%, BRCD +3.0%, NOK +2.3%, F +1.4%...

Gapping down:

IRBT -11.5%, BCS -3.8%, ALU -3.7%, RTP -2.8%, MT -2.5%, VMW -2.5%, DB -2.0%, BHP -1.9%, LEH -2.7%.

Watch for Breakout

AMZN Over $89.00

FCX Over $100.20

KO Over $56.40

CBH Over $39.00

AMX Over $62.00

NILE Over $90.00

WWY Over $63.00

Upgrades and Downgrades

Upgrades:

BRCD, TWB, F, TIN, CSX, AMD

SUNH, BEBE

Downgrades:

AVR, ALU, BTI, MMC


World Markets and Futures

  • Futures are pointing to a lower open
  • Nikkei ended the day trading higher
  • Hang Seng is trading lower
  • European Markets are trading lower
  • Gold is $717.80 per ounce
  • Crude Oil is $79.10 per bbl
  • NY Empire State Index at 8:30 am Market expects 18.0

Sunday, September 16, 2007

VIDEO - Oil Stocks

In this week's video I cover a handful of oil stocks that look playable.

Video – Oil Stocks


http://www.leavittbrothers.com/.

Friday, September 14, 2007

7 Stocks you need to know for Monday

Adobe Systems (ADBE | charts | news | PowerRating) reports earnings on Monday before the bell; look for $0.41 EPS.

American Express (AXP | charts | news | PowerRating) fell over 3% on Friday after Merrill Lynch downgraded the company from Buy to Neutral.

Intel (INTC | charts | news | PowerRating) also fell on account of a Merrill downgrade; INTC fell over 1% after receiving a Neutral rating.

Cardinal Health (CAH | charts | news | PowerRating) fell over 4% on Friday after slashing its Q4 earnings outlook for its drug distribution branch.

Lattice Semiconductor (LSCC | charts | news | PowerRating) cut Q3 growth forecasts to -2% versus previous positive outlooks.

Tween Brands (TWB | charts | news | PowerRating) rose nearly 9% on Friday after announcing a $175 million stock buy back plan.

Hovnanian (HOV | charts | news | PowerRating) rose nearly 8% on Friday as the company prepares for a 2-day sale, intended to boost revenue in the company's worst-performing markets.

GME

Gamestop, Corp. is acting well in today so keep it on the radar.

PCU

Southern Copper Corp. is perking up a bit here so keep it on the radar.

VMW

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

CROX

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

Top Performers

SNDK / CELG / RIMM / PALM / SZE

EQIX/ ANAD / YHOO / TWB / OMTR

NEM

Newmont has a good tone in early trading so keep it on the radar.

POT

Potash Corp. is bucking the trend in early trading so keep it on the radar.

S&P futures vs fair value: -9.9. Nasdaq futures vs fair value: -16.2.

Futures dip following the slightly weaker than expected retail sales numbers. Total August sales were up 0.3%, below an expected 0.5% gain, but the July increase was revised upward 0.2% to a 0.5% gain. Lower gas prices also led to a decline in that category, which is not such a bad thing. Overall consumer spending remains on track and the impact should be limited.

Pre-Market Gappers

Gapping up:

BRLC +2.0%, JRJC +2.0%, SNDK +1.5%, RIMM +1.3%...

Gapping down:

SHPGY -5.1%, BCS -4.8%, REP -3.0%, GFI -2.9%, BBL -2.7%, CFC -2.7%, GOLD -2.6%, RTP -2.4%, BOBJ -2.3%, CCL -2.3%, LEH -2.1%, INTC -2.0%, CS -2.0%, GM -1.9%, BP -1.8%, HBC -1.8%, ALU -1.8%, DB -1.7%, GSK -1.6%, BHP -1.4%.

RIMM

Research in Motion, Ltd. target raised to $110 from $83 at RBC

initiated with an Outperform at BMO Capital- tgt $100

Upgrades and Downgrades

Upgraded this morning include:

UTX, WY, CLMS, GGC, TGI, BBEP, and PALM

Downgraded this morning include:

VIP, BOBJ, ROP, IMCL, FLR, and AVY

Budd Foxx

Watch for Breakout

LWAY pullback play

PRKR pullback play

ORCC Over $13

KGC Over $14.40

BMD Over $2.10

Morning News

Futures are pointing to a much lower open this morning.

European markets are trading lower so far today.

In Tokyo the Nikkei 225 did end higher.

Retail sales figures for the month of August will be released at 8:30 this morning.

Import and export prices for August will also be released at 8:30 this morning.

August industrial production and capacity utilization will be released at 9:15 this morning.

Business inventories for the month of July due out just after the open.

University of Michigan's consumer sentiment poll for the month of September will be out at 10:00 this morning.

Crude oil is $79.55 per barrel.

Wholesale gasoline is $2.03 per gallon.

Natural gas remains just above $6.00 per unit.

Gold is $715.00 per ounce.

President Bush in last night's speach stating that he will bring back 5,700 troops by Christmas, and another 21,500 by July. He remains firm on his stance in Iraq saying we will be there as long as we are needed.

U.K. lender Northern Rock needing emergy funding from the Bank of England.

Budd Foxx

Thursday, September 13, 2007

7 Stocks you need to know for Friday

Late Thursday, Lattice Semiconductor (LSCC | charts | news | PowerRating) revised its Q3 revenue outlook downward to reflect a one-time restructuring charge.

Alcatel-Lucent (ALU | charts | news | PowerRating) extended losses, falling an additional 8% after slashing revenue forecasts for 2007 earlier this week.

Build-A-Bear (BBW | charts | news | PowerRating) rose about 8% on Thursday, on rumors that the company is on the market for a buyout acquisition.

Cephalon (CEPH | charts | news | PowerRating) announced that some patients have died after being given the company's painkiller Fentora.

Kohl's (KSS | charts | news | PowerRating) introduced its new Vera Wang collection of clothes and accessories, which the company feels will drive sales during the holiday. KSS rose over 6%.

Countrywide Financial (CFC | charts | news | PowerRating) and NovaStar Financial (NFI | charts | news | PowerRating) both jumped today on news that CFC managed to acquire and additional $12 billion through existing credit lines.

BIDU

Baidu.com continues to act well as the stock is making new 52 week highs so keep it on the radar.

HANS

Hansen Natural, Corp. has a good tone in early trading so keep it on the radar.

BNI

Burlington Northern is in a bullish power trend in early trading so keep it on the radar.

Top Performers

CFC / GM / MCD / DIOD / XMSR

SNCR / MT

FSLR

First Solar, Inc. is perking up a bit here so keep it on your watch list.

CROX

Crocs, Inc. has a decent tone in early trading so keep it on the radar. This stock breaks out over $62 per share.

AAPL

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

RIMM

Research in Motion has broken out and made a new 52 week high so keep it on the radar.

GROW

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

Pre-Market Gappers

Gapping up:

GROW +9.0%, ISIS +8.2%, GM +5.7%, MT +4.3%, QCOM +3.5%, HANS +3.3%, CRDC +3.0%, TASR +2.8%, MCD +2.5%, AAUK +2.4%, F +2.1%...

Gapping down:

BRLC -21.7%, ALU -10.3%, SCSS -8.6%, AZPN -6.1%, NT -2.1%, BIIB -1.9%.

Watch for Breakout

AMZN Over $89

CROX
Over $62

ERES Over $11.50

EMC Over $20

MDT Over $55

SYK
Over $70.30

Upgrades and Downgrades

Upgrades:

UL / GTW / MWV / PRU / MRK / TMA

IFX

Downgrades:

STM / PAS / BKI / BIIB

World Markets and Futures

  • Futures are flat this morning
  • Asian Markets are trading higher
  • European Markets are trading slightly lower
  • Gold is trading at $720.70 per ounce
  • Crude Oil is up to $79.91 per barrel
  • Initial Claims at 8:30 AM market expects 325K
  • Treasury Budget at 2 PM market expects -85.0B

Wednesday, September 12, 2007

7 Stocks you need to know for Thursday

Syntax-Brillian (BRLC | charts | news | PowerRating) missed earnings on Wednesday, announcing $0.11 EPS versus expectations of $0.12 EPS.

Pier 1 Imports (PIR | charts | news | PowerRating) reports earnings on Thursday before the market opens; look for -$0.44 EPS.

Amgen (AMGN | charts | news | PowerRating) rose over 4% on Wednesday after Merrill Lynch and UBS upgraded the drug company on the heels of a favorable FDA decision for an anemia drug.

Diana Shipping (DSX | charts | news | PowerRating) fell 5% on Wednesday, after the company announced plans to issue 10 million additional stock shares to the public.

Humana (HUM | charts | news | PowerRating) rose over 5% Wednesday on news that the U.S. Congress may drop plans to cut Medicare payments for certain children's health insurance programs.

Sirius (SIRI | charts | news | PowerRating) gained over 4% on speculation that the proposed XM Satellite (XMSR | charts | news | PowerRating) merger could be approved by October.

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