Thursday, January 31, 2008
Intuitive Surgical fourth-quarter profit up to $1.24 a share
TSCO
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MA
Pre-Market Gappers
ADBL +22.2%, CNQR +14.3%, SMCI +8.4%, ADS +7.7%, MMA +5.9%, TSCO +5.5%, ABTL +5.2%, ININ +4.9%, EGHT +4.8%, ISSC +4.3%, HRS +3.6%, TSM +3.5%, MEH +3.0%, AMAG +3.0%, KEX +2.9%, ESLR +2.7%, MRO +2.7%, TEVA +2.4%, FTE +1.8%, EBHI +1.3%...
Gapping down:
ARAY -25.6%, CDNS -21.7%, BLOG -18.4%, OVEN -14.6%, AMZN -12.0%, MRX -11.7%, RNOW -8.4%, CAM -8.3%, MBI -7.6%, UBS -7.5%, DCP -6.6%, BCS -6.6%, ING -5.4%, OIIM -4.6%, NEWP -4.5%, RL -4.5%, PHM -4.2%, VOD -4.2%, NVLS -3.8%, DB -3.8%, HBI -3.5%, AFL -3.2%, HSTX -3.0%, ABK -2.3%, MIPS -2.1%, SBUX -1.5%, BSC -1.4%, MER -1.2%, ATK -1.1%, LLY -1.1%, ICE -1.0%.
Upgrades and Downgrades
ADS, POOL, ADS, SEE, AF, JWN, HES, and GILD
Downgraded this morning include:
DEG, HSTX, AMZN, CENX, CDNS, RL, MNST, ADBE, and YUM
Budd Foxx
Morning News
European markets are trading lower so far today.
In Tokyo the Nikkei 225 did end higher.
Crude oil is $91.26 per barrel.
Wholesale gasoline is $2.29 per gallon.
Natural gas is $8.10 per unit.
Gold sitting at $920.00 per ounce.
Weekly jobless claims will be released at 8:30 this morning.
December consumer spending set for release at 8:30 this am.
Chicago PMI for the month of Jan. will be released at 10:00 this morning.
Energy Dept. will release weekly natural gas inventories at 10:30 this morning.
Yesterday's action had the Dow close 37 points lower, the Nasdaq lost 9 points, and the S&P gave back just over 6 points.
Half point rate cut announced by the Fed yesterday afternoon.
MBIA Inc. reports $2.3 billion loss due to write off in the fourth quarter.
Amazon.com doubles fourth quarter profit, but outlook for the year below expectations.
Google Inc. will be out with quarterly results today.
Budd Foxx
Wednesday, January 30, 2008
7 Stocks you need to know for Thursday
Amazon.com (AMZN | news | PowerRating | PR Charts ) matched earnings expectations on Wednesday afternoon with $0.48 EPS.
Burger King (BKC | news | PowerRating | PR Charts ) reports earnings on Thursday morning before the bell, with traders looking for $0.32 EPS.
Colgate-Palmolive (CL | news | PowerRating | PR Charts ) is looking to announce $0.89 EPS on Thursday before the market opens.
Analysts will be watching for L-3 Communications (LLL | news | PowerRating | PR Charts ) to announce $1.61 EPS tomorrow morning before the bell.
When Mastercard (MA | news | PowerRating | PR Charts ) reports earnings early Thursday morning, watch for $0.72 EPS.
Mattel (MAT | news | PowerRating | PR Charts ) looks set to report $0.73 EPS tomorrow morning.
MBIA (MBI | news | PowerRating | PR Charts ) is projected to announce -$2.98 EPS tomorrow morning before the market opens.
Oil Inventories
Crude oil saw a build of 3.6 million barrels.
Gasoline also saw a build of 3.6 million barrels.
Distillates saw a decline of 1.5 million barrels.
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ERTS
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RIMM
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SLAB
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Pre-Market Gappers
PXLW +25.0%, MAGS +16.7%, SLAB +12.4%, TUP +10.9%, HLIT +9.2%, WBSN +8.2%, BBOX +7.8%, PEIX +7.7%, EGLT +7.0%, RMBS +6.5%, RHI +6.3%, ETFC +6.3%, JBHT +6.1%, GOLD +4.3%, CROX +4.2%, DOV +4.2%, FLEX +3.3%, CYBS +2.9%, RCL +2.8%, CSGS +2.8%, NETL +2.1%, NUCO +2.1%, MRK +2.1%, BHP +1.7%, RTP +1.5%GFI +1.3%, LEH +1.1%...
Gapping down:
CLZR -23.5%, ALGN -21.4%, HTCH -18.7%, CYMI -14.4%, YHOO -10.0%, NATI -8.1%, LFC -5.8%, CTX -5.0%, PTR -4.3%, CHL -4.0%, SLGN -3.7%, ACH -3.7%, ADVNB -3.6%, BHI -3.3%, ITW -3.2%, HIFN -3.2%, FDRY -2.6%, ABK -2.6%, UBS -2.4%, TRMB -2.3%, BIDU -2.1%, UPS -2.0%, SAP -1.4%, HK -1.2%, SU -1.2%.
Watch for Breakout
ICO Over $6.15
VCGH Over $12.20
ECLP Over $26.10
CHIC Over $17.20
RPM Over $22
Upgrades and Downgrades
NSH, NS, AHD, OIS, RGC, AVP, PWR, ALB, ZQK, KMP, RLH, ERTS, UIS, EGLT, NRG, DNEX, CSIQ, QI, ALB, and BEAS
Downgraded this morning include:
CYMI, HTCH, YHOO, CNO, CAB, TROW, HAFC, MER, SMG, and CCMP
Budd Foxx
Morning News
European markets are trading lower so far today.
In Tokyo the Nikkei 225 did close lower.
Crude oil is $92.30 per barrel.
Wholesale gasoline is $2.34 per gallon.
Natural gas is sitting just under $8.00 per unit.
Gold is $923.00 per ounce.
Fourth quarter GDP set to be released at 8:30 this morning.
Energy Dept. will release weekly oil inventory levels at 10:30 this morning.
Fed Decision on interest rates will be released at 2:15 this afternoon.
John McCain and Hillary Clinton take Florida primary.
Yesterday's action saw the Dow close 96 points higher, the Nasdaq finished 8 points higher, and the S&P also added 8 points.
Yahoo Inc. reports a drop in profit for the past quarter and saying 2008 sales could be as much as 10% below the street's expectations.
UBS writes off more than expectations, and lost money for the year.
The Feds are investigating banks like Goldman Sachs, Morgan Stanley, and Bear Stearns over subprime mortgage practices.
Budd Foxx
Tuesday, January 29, 2008
7 Stocks you need to know for Wednesday
Robert Half (RHI | news | PowerRating | PR Charts ) beat earnings expectations on Tuesday afternoon, reporting $0.50 EPS versus a consensus of $0.47 EPS.
Altria (MO | news | PowerRating | PR Charts ) reports earnings on Wednesday before the market opens, with traders looking for $0.97 EPS.
Analysts will be watching for Baker Hughes (BHI | news | PowerRating | PR Charts ) to report $1.28 EPS on Wednesday morning before the bell.
Boeing (BA | news | PowerRating | PR Charts ) looks set to report $1.32 EPS on early Wednesday.
When Dominion (D | news | PowerRating | PR Charts ) reports quarterly results on Wednesday before the bell, look for $0.56 EPS.
Merck (MRK | news | PowerRating | PR Charts ) is aiming to announce $0.74 EPS on Wednesday morning before the stock markets open.
Kellogg (K | news | PowerRating | PR Charts ) should report $0.44 EPS tomorrow morning.
GOOG
Pre-Market Gappers
LXK +12.5%, QMAR +6.6%, VLO +5.6%, NOVL +4.8%, ARG +4.6%, STLY +3.9%, IPAR +3.4%, UNM +1.9%, POT +1.8%, DOW +1.8%, ABK +1.5%...
Gapping down:
VMW -24.6%, ZRAN -20.8%, ICUI -16.9%, SEPR -12.6%, EMC -8.3%, SNDK -5.4%, AAI -5.3%, DIS -3.8%, CLMS -2.9%, JDAS -2.7%, AXP -2.7%, CNW -2.7%, PCL -2.1%, MTH -1.5%, ATHR -1.2%.
VLO
Watch for Breakout
LSCG Over 9.60
JRCC Over $12
SMTS Over $24.50
GW Over $6.95
KND Over $28.50
Upgrades and Downgrades
GIB, TM, MDVN, EL, SONC, GASS, NOVL, FLML
TTWO, CNW, ARRS, GERN, ARQL, ADCT
Downgrades:
PMI, TGIC, JRC, MNI, MOLX, DIS, WABC
MCD, NMX
Morning News
European markets are trading higher today.
In Tokyo the Nikkei 225 did end higher.
Crude oil is $91.53 per barrel.
Wholesale gasoline is $2.33 per gallon.
Natural gas is $8.10 per unit.
Gold sitting just below $930.00 per ounce.
December durable goods orders will be released at 8:30 this morning.
Consumer confidence will be out at 10:00 this morning.
Yesterday's action has the Dow gain 176 points, the Nasdaq ended 23 points higher, and the S&P also added 23 points.
President Bush delivered his last State of the Union Address last night talking about the war and the economy.
Budd Foxx
Monday, January 28, 2008
7 Stocks you need to know for Tuesday
SanDisk (SNDK | news | PowerRating | PR Charts ) beat earnings expectations on Monday afternoon, reporting $0.69 EPS over a consensus of $0.64 EPS.
JDA Software (JDAS | news | PowerRating | PR Charts ) also beat earnings with $0.35 EPS over an expected $0.34 EPS.
3M (MMM | news | PowerRating | PR Charts ) reports earnings on Tuesday before the market opens, with traders looking for $1.17 EPS.
American Electric (AEP | news | PowerRating | PR Charts ) is expected to report $0.50 EPS on Tuesday before the bell.
Cardinal Health (CAH | news | PowerRating | PR Charts ) is set to report $0.88 EPS before the market opens on Tuesday morning.
Anaylsts are watching for Countrywide (CFC | news | PowerRating | PR Charts ) to announce -$0.30 EPS on Tuesday before the bell.
When Eli Lilly (LLY | news | PowerRating | PR Charts ) announces quarterly results early Tuesday morning, be watching for $0.89 EPS.
Homebuilder stocks
FSLR
WCG
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BUCY
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ICE
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Calyon on Solars
Pre-Market Gappers
ACOR +17.1%, MATR +16.7%, LNY +10.7%, MBRK +9.1%, RSTO +5.9%, SLM +5.6%, GLW +5.5%, WCG +4.4%, AUY +1.8%, HAL +1.6%, MEDX +1.5%, DVA +1.0%...
Gapping down:
ADS -42.1%, ABK -13.3%, BDK -8.1%, MELI -7.5%, HMY -6.5%, FSNM -5.4%, RTP -4.0%, MBI -3.5%, CFC -3.3%, WAG -2.5%, SHPGY -1.7%, GFI -1.7%, AU -1.6%.
Upgrades and Downgrades
DVA, WLL, UAUA, ES, CAJ, EXH, TDW, WNR, TSO, HOC, CAT, EMN, KMB, GIS, K, MRK, PLT, GNTX, WFT, MEDX, CYTI, ICFI, and TSFG
Downgraded this morning include:
AIB, IRE, MOH, NE, SHPGY, WAG, and FII
Budd Foxx
Morning News
European markets are taking a hit so far today.
In Tokyo the Nikkei 225 did end lower.
Crude oil is just below $90.00 per barrel.
Wholesale gasoline is $2.29 per gallon.
Natural gas is sitting at $7.92 per unit.
Gold up to $919.00 per ounce.
December new home sales numbers will be released at 10:00 this morning.
Fed decision on interest rates due for release on Wednesday.
Friday's action saw the Dow give back 171 points, the Nasdaq lost 34 points, and the S&P gave back 21 points.
Lundberg survey of gas stations around the country show on average the price of gaoline fell 9 cents per gallon.
Alywin Lewis CEO at Sears Holding Corp. reportedly set to step down.
Angelo Mozilo CEO at Countrywide Financial reportedly will give up $37.5 million severance deal.
Barack Obama takes South Carolina Primary.
In sports over the weekend Tiger Woods made his debut for 2008 season by winning the tournament out in Southern California.
Budd Foxx
Saturday, January 26, 2008
VIDEO - Can a Random Market be Traded
VIDEO - Can a Random Market be Traded?
http://www.leavittbrothers.com/.
Friday, January 25, 2008
7 Stocks you need to know for Monday
Alberto-Culver (ACV | news | PowerRating | PR Charts ) reports earnings on Monday before the market opens, with traders looking for $0.26 EPS.
Black & Decker (BDK | news | PowerRating | PR Charts ) announces quarterly results on Monday morning; watch for $1.03 EPS.
Halliburton (HAL | news | PowerRating | PR Charts ) is poised to report $0.69 EPS on Monday morning before the bell.
When McDonald's (MCD | news | PowerRating | PR Charts ) announces results on Monday morning, traders will be watching for $0.71 EPS.
Tyson Foods (TSN | news | PowerRating | PR Charts ) expects to report $0.04 EPS on Monday morning.
Analysts will be watching for Verizon (VZ | news | PowerRating | PR Charts ) to report for $0.62 EPS on Monday morning.
On Monday afternoon, watch for SanDisk (SNDK | news | PowerRating | PR Charts ) to report $0.64 EPS.
STP
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RMG
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AAPL
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Solar Stocks to Watch
Pre-Market Gappers
SCSC +26.4%, EZPW +14.5%, VPRT +13.6%, BRCM +13.3%, ABK +13.0%, CVTI +12.6%, ETFC +9.2%, LSCC +9.0%, RFMD +8.6%, INSW +8.3%, RSTO +7.5%, GFG +7.5%, EXTR +7.3%, SPWR +6.6%, CPWR +6.4%, WFR +5.4%, ESLR +5.2%, JNPR +5.2%, MCHP +5.1%, BIDU +4.8%, MSFT +4.5%, EMN +4.4%, AMGN +4.1%, MRVL +4.0%, OPWV +4.0%, MT +3.4%, CRDC +3.4%, TMA +3.4%,
Upgrades and Downgrades
NYX, ABI, SPWR, CPWR, AGO, ATPG, ELP, CAKE, MEOH, WFR, MCHP, CPS, ELX, OVTI, TXT, MT, AAI, CKXE, SCSC, TEN, FSS, and BRNC
Downgraded this morning include:
ESIO, BOFL, CYN, SNV, RDS.A, FCS, CRA, T, BRNC, FRNT, CCMP, and SOFO
Budd Foxx
Morning News
European markets are trading higher so far today.
In Tokyo the Nikkei 225 did close much higher.
Crude oil just above $90.00 per barrel.
Wholesale gasoline is $2.29 per gallon.
Natural gas is sitting at $7.85 per unit.
Gold is on the move current price is $921.00 per ounce.
Yesterday's action saw the Dow gain 108 points, the Nasdaq added 44 points, and the S&P finished 13 points higher.
Microsoft quarterly results show a 81% jump in profit, and lifts 2008 forcast.
Sun Microsystems quarterly profit nearly doubles.
A report is outthat Wilbur Ross is in talks to buy Ambac Financial.
Alan Greenspan reportedly defending subprime mortgages saying they were well worth the risk.
President Bush pushing for quick response to economic stimulus package presented.
Budd Foxx
Thursday, January 24, 2008
7 Stocks you need to know for Friday
Microsoft (MSFT | news | PowerRating | PR Charts ) beat earnings estimates on Thursday afternoon, announcing $0.50 EPS over a consensus of $0.46 EPS.
Tempur-Pedic (TPX | news | PowerRating | PR Charts ) missed earnings, reporting $0.52 EPS versus expectations of $0.53 EPS.
Cash America (CSH | news | PowerRating | PR Charts ) also missed earnings, with $0.88 EPS versus a consensus of $0.90 EPS.
Caterpillar (CAT | news | PowerRating | PR Charts ) reports earnings on Friday morning, with traders expecting $1.50 EPS.
When Commerce Bancorp (CBH | news | PowerRating | PR Charts ) announces quarterly results tomorrow morning, analysts will be looking for $0.30 EPS.
Harley-Davidson (HOG | news | PowerRating | PR Charts ) is set to report $0.82 EPS on Friday before the bell.
WW Grainger (GWW | news | PowerRating | PR Charts ) is expected to announce $1.27 EPS tomorrow morning.
Oil Inventories
Crude oil saw a build of 2.3 million barrels.
Gasoline saw a build of 5.0 million barrels.
Distillates saw a decline of 1.3 million barrels.
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FSLR
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RIMM
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POT
Pre-Market Gappers
MBRK +100.0%, FFIV +17.4%, NVEC +16.1%, TRMB +15.1%, ADLR +13.3%, SYMC +9.2%, PLXS +8.4%, PLCM +7.7%, CBST +7.5%, QCOM +7.3%, LSI +7.2%, POT +6.5%, MFE +6.5%, WDC +6.3%, SBCF + 4.9%, NOK + 4.8%, CTXS + 4.4%, CS + 4.1%, PRXL +3.5%, MOS +3.5%, BCS +3.4%, COF +2.9%, SANM +2.8%, SHRP +2.6%, ABK +2.2%, PSSI +2.1%, BXS +1.5%, WSTL +1.3%, QLGC +1.3%, NE +1.3%...
Gapping down:
FTK -16.3%, SPWR -12.5%, SOLF -10.8%, SCA -9.5%, BCRX -9.3%, THQI -8.4%, HLYS -8.3%, MRCY -8.3%, CY -7.2%, LINC -6.2%, FSLR -5.9%, EBAY -5.6%, KELYA -5.5%, WMAR -5.0%, LCC -4.9%, VARI -4.7%, CNS -4.4%, CBE -4.3%, DGII -4.1%, KNX -4.1%, XL -4.1%, ALK -4.0%, HXL -3.7%, BPFH -3.5%, RKT -3.4%, ISIL -3.1%, MOLX -3.1%, PTV -2.9%, WRLD
Upgrades and Downgrades
TMA, MCHP, ISIL, GD, MANH, CEPH, STO, WDC, MFE, HGSI, SONS, BMR, PKG, REP, AMSG, HLS, AAUK, LPNT, THC, NOVC, SYK, GRMN, NVEC, GILD, and FFIV
Downgraded this morning include:
LM, HPT, HT, BEE, AINV, DD, PHG, VRTX, EBAY, OCR, THQI, and MOT
Budd Foxx
Morning News
European markets are trading higher today.
In Tokyo the Nikkei 225 did end higher.
Crude oil is $88.26 per barrel.
Wholesale gasoline is $2.28 per gallon.
Natural gas is sitting at $7.69 per unit.
Gold is just below $890.00 per ounce.
Weekly jobless claims will released at 8:30 this morning.
December existing home sales numbers will be released at 10:00 this morning.
The Energy Dept. will release weekly oil inventory levels at 10:30 this morning.
Yesterday's action saw the Dow rally nearly 300 points, the Nasdaq finished 24 points higher, and the S&P closed 28 points higher.
Nokia Corp. reports better than expected 44% profit rise in past quarter.
Ebay Inc. past quarter comes in at expectations, but forcast guidance falls short of expectations.
Ford reports a loss of 20 cents a share on $44.1 billion in revenue for the fourth quarter.
Nintendo sales nearly double on very strong WII sales.
Budd Foxx
Wednesday, January 23, 2008
Stocks to Watch on Thursday
Stocks to Watch
7 Stocks you need to know for Thursday
Qualcomm (QCOM | news | PowerRating | PR Charts ) missed earnings expectations on Wednesday, with $0.52 EPS versus expectations of $0.53 EPS.
AT&T (T | news | PowerRating | PR Charts ) reports earnings on Thursday morning before the market opens, with traders looking for $0.71 EPS.
Analysts are watching for Ford (F | news | PowerRating | PR Charts ) to announce -$0.20 EPS on Thursday before the bell.
Lennar (LEN | news | PowerRating | PR Charts ) is expected to report -$1.65 EPS on Thursday morning.
Lockheed Martin (LMT | news | PowerRating | PR Charts ) is looking to announce $1.70 EPS when the homebuilder reports tomorrow morning.
Watch for Northrop Grunman (NOC | news | PowerRating | PR Charts ) to report $1.31 EPS tomorrow morning before the bell.
Sunpower (SPWR | news | PowerRating | PR Charts ) is expected to report $0.37 EPS on Thursday morning.
Earnings
ACXM, BKHM, COF, CAVM, CLDN, CBST, EBAY, FFIV, GILD, ISIL, LSI, MOLX, NFLX, NVEC, QCOM, RYL, SYMC, VARI, and WDC.
Tomorrow before the open look for the following companies to report:
FLWS, ALDN, T, F, BEN, KMB, NOK, NOC, NUE, RYN, SPWR, UNP, USAK, WRLD, LCC, and ZOLL.
XMSR- SIRI Merger
BNI
Budd Foxx
Pre-Market Gappers
CHKP +4.6%, PMTC +4.5%, BKI +4.5%, SPSN +3.7%, PFE +3.0%, CNB +1.7%...
Gapping down:
FCFS -21.9%, PLT -12.3%, SAY -12.2%, MOSY -11.0%, AAPL -10.2%, MOT -9.9%, AEIS -9.3%, PKG -7.7%, ACF -7.6%, HOKU -7.0%, PETM -6.7%, NOK -6.3%, DAI -6.2%, SNE -6.1%, CNH -6.1%, RIMM -5.6%, FCX -5.5%, SUPX -5.5%, BP -4.8%, PCBK -4.3%, SPWR -3.7%, WLP -3.5%, STM -3.3%, GOOG -3.1%, NCC -3.1%, PHHM -1.8%, NSC -1.5%.
Solar Stocks Upgraded
CSIQ, LDK and STP
Upgrades and Downgrades
FE, AEP, WR, PNM, FPL, EXC, DTE, EIX, ATK, PCL, THS, VE, HTLD, SAF, TK, WGOV, NVO, CHH, DISH, PTR, UNP, CNI, BNI, CSIQ, TAP, STP, LLL, NOC, KND, CNQ, FCX, TRMD, VLCCF, EXLS, WNS, AAUk, WIT, NFG, and REP
Downgraded this morning include:
LOJN, CEM, TGIC, GRT, FCFS, PLT, MIL, BTU, FCL, and ACI
Budd Foxx
Morning News
European markets are trading lower so far today.
In Tokyo the Nikkei 225 did end higher.
Crude oil is $87.95 per barrel.
Wholesale gasoline is $2.24 per gallon.
Natural gas is sitting at $7.69 per unit.
Gold is currently $885.00 per ounce.
Yesterday's action saw the Dow close 128 points lower, the Nasdaq lost nearly 48 points, and the S&P gave back 14 points.
World Economic Forum in Switzerland hosting many global leaders.
A report out of Merrill Lynch forcast home prices could drop another 20 - 30 percent over the next three years.
Apple Inc. post 58% rise in fiscal first quarter profit, but forcast for 94 cents a share for current quarter well below expectations.
Philips Electronics reportedly will sell stake in L.G. Philips LCD.
Berkshire Hathaway buys 3% stake in Swiss RE.
Budd Foxx
Tuesday, January 22, 2008
7 Stocks you need to know for Wednesday
Cree (CREE | news | PowerRating | PR Charts ) beat earnings expectations, with $0.11 EPS over a consensus of $0.06 EPS.
Plantronics (PLT | news | PowerRating | PR Charts ) beat earnings expectations on Tuesday afternoon, announcing $0.50 EPS over an estimated $0.40 EPS.
Abbott Labs (ABT | news | PowerRating | PR Charts ) reports earnings on Wednesday before the market opens, with traders looking for $0.92 EPS.
When ConocoPhillips (COP | news | PowerRating | PR Charts ) announces quarterly results on Wednesday morning, analysts will be expecting $2.38 EPS.
Traders are looking for Motorola (MOT | news | PowerRating | PR Charts ) to report $0.13 EPS on Wednesday before the bell.
Pfizer (PFE | news | PowerRating | PR Charts ) looks set to report $0.47 EPS on Wednesday before the open.
WellPoint (WLP | news | PowerRating | PR Charts ) should announce $1.51 EPS tomorrow before the market opens.
Pre-Market Gappers
VMSI +4.0%, GILT +2.5%, GGP +1.6%...
Gapping down:
ZF -44.3%, SEED -21.3%, CTDC -18.3%, TSL -18.2%, CSUN -17.7%, LDK -17.6%, ALU -17.4%, TASR -17.1%, LFC -16.9%, PTR -16.9%, ACH -15.3%, RTP -13.2%, STP -12.2%, FSLR -11.9%, ABK -11.3%, JASO -11.2%, SAP -10.4%, AAUK -9.9%, ERIC -9.8%, VMW -9.6%, ESLR -9.5%, BHP -9.4%, SPWR -9.0%, EBAY -7.9%, GOLD -7.2%, AUY -7.1%, SU -6.1%, BAC -5.5%, MBI -5.1%, FBR -4.1%, YHOO -3.8%, VIVO -3.0%, FITB -2.7%, WB -2.6%, UNH -2.6%, JNJ -1.9%, SAY -1.9%, DD -1.6%, JEC -1.6%, GLD -1.5%.
Upgrades and Downgrades
CF, NMX, NFLX, LOW, KSS, ABX, OCNW
Downgraded this morning include:
MBT, PNSN, OXM, AXP, NCS, LUX, KNDL, DEEP, and LULU
Budd Foxx
Morning News
European markets are trading lower again so far today.
In Tokyo the Nikkei 225 has taken a beating over the past two trading days.
Recession fears here in the United States send futures tumbling as world markets sell off over the past two days.
Crude oil has pulled back to $87.72 per barrel.
Wholesale gasoline is $2.23 per gallon.
Natural gas is $7.78 per unit.
Henry Paulson to deliver a speech this morning.
Yahoo Inc. will reportedly cut hundreds of jobs.
Apple Inc, Johnson & Johnson, and Bank of America just a few of the companies set to report quarterly results today.
A report is out that Delta will announce a deal with NorthWest as early as this week.
Bank of Japan leaves key interest rate unchanged.
In sports it will be the New York Giants playing the New England Patriots in Arizona for the championship Feb. 3rd.
Budd Foxx
Monday, January 21, 2008
5 rules for surviving a bear market
The signs are remarkably clear: A bear market in stocks is on its way, and it's time to bear-proof your portfolio as much as you can.
There are five things you must do sooner rather than later -- call them five rules for dodging the worst of the bear -- to protect your portfolio before the bear claws an additional 20% out of your stocks.
5 rules for surviving a bear marketStocks Plummet in Germany, Hong Kong, India, Brazil in Rout
Europe's Dow Jones Stoxx 600 Index fell the most since the Sept. 11 terrorist attacks and sank into a bear market, as Allianz SE and BNP Paribas SA slid. Hong Kong's Hang Seng Index had its biggest drop in six years after BNP Paribas said Bank of China Ltd. may write down overseas securities by $4.8 billion because of losses from U.S. subprime mortgages. Citigroup Inc. retreated in Frankfurt.
Sunday, January 20, 2008
Odds are, U.S. is in a recession
Odds are, U.S. is in a recession
Saturday, January 19, 2008
VIDEO - Downtrend Confirmed
VIDEO - Downtrend Confirmed
http://www.leavittbrothers.com/.
Friday, January 18, 2008
7 Stocks you need to know for Tuesday
Bank of America (BAC | news | PowerRating | PR Charts ) reports earnings on Tuesday morning, with traders looking for $0.18 EPS.
DuPont (DD | news | PowerRating | PR Charts ) is looking to report $0.49 EPS on Tuesday before the market opens.
Analyst will be watching for Fastenal (FAST | news | PowerRating | PR Charts ) to announce $0.36 EPS on Tuesday before the bell.
When Johnson & Johnson (JNJ | news | PowerRating | PR Charts ) announces quarterly results on Tuesday morning, watch for $0.86 EPS.
Suncor Energy (SU | news | PowerRating | PR Charts ) is poised to announce $1.51 EPS early Tuesday morning.
UnitedHealth (UNH | news | PowerRating | PR Charts ) should report $0.92 EPS on Tuesday morning.
Wachovia (WB | news | PowerRating | PR Charts ) is expected to report $0.33 EPS early Tuesday.
NMX
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DRYS
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IBM
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ILMN
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RIMM
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AAPL
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Pre-Market Gappers
LAB +12.1%, RTP + 7.4%, AMD +7.3%, GRRF +7.1%, LFC +6.4%, WIND +6.1%, ADS +6.0%, GFIG +5.6%, FXI +5.3%, IBM +5.2%, XLNX +4.5%, SWKS +4.1%, CAM +4.0%, TI +4.0%, AZN +3.9%, POT +3.6%, RIMM +3.4%, GPS +3.4%, GDP +3.1%, NYX +3.0%, SYMC +2.9%, GSS +2.6%, NOK +2.5%, CXW +2.5%, GE +2.4%, PBCT +2.2%, TIF +2.2%, GSK +2.2%, CEDC +2.0%, BHP +1.7%, RRGB +1.6%...
Gapping down:
UA -17.7%, BIOF -12.9%, MBI -12.1%, EJ -4.5%, ABK -3.8%, SLB -3.3%, STX -2.3%, FNM -1.1%.
Solar Stocks to Watch
Watch for Breakout
AUXL Over $31.25
CREE Over $28
OMCL Over $28.40
RZ Over $18 or bounce play off 50 ema
Upgrades and Downgrades
SNN, SM, GDP, BBBY, SPLS, RIMM, VSE, CERN, WWY, PCLN, DHT, and BAM
Downgraded this morning include:
MBI, ABK, SYK, UA, ZGEN, PVTB, CMA, SCA, and PHG
Budd Foxx
Morning News
European markets are trading higher so far today.
In Tokyo the Nikkei 225 did end a bit higher.
Crude oil is $90.59 per barrel.
Wholesale gasoline is sitting at $2.29 per gallon.
Natural gas is $8.16 per unit.
Gold is currently $877.00 per ounce.
Reports on leading indicators, and consumer sentiment will be out at 10:00 this morning.
President Bush will be speaking about the economy and a stimulus package today.
Yesterday's action saw the Dow take a beating to the tune of nearly 307 points, the Nasdaq lost 47 points, and the S&P gave back nearly 40 points.
International Business Machines guides 2008 forcast above expectations.
Washington Mutual reports a $1.87 billion loss for the quarter after a $1.6 billion write down.
General Electric quarterly profit up 4% revenue better than the expected $47.28 billion, and holds 2008 guidance.
Budd Foxx
Thursday, January 17, 2008
7 Stocks you need to know for Friday
IBM (IBM | news | PowerRating | PR Charts ) beat earnings on Thursday, reporting $2.80 EPS over an expected $2.68 EPS.
Seagate Tech (STX | news | PowerRating | PR Charts ) also beat earnings, reporting $0.76 EPS over an estimated $0.75 EPS.
General Electric (GE | news | PowerRating | PR Charts ) reports earnings on Friday before the market opens, with traders looking for 0.68 EPS.
Schlumberger (SLB | news | PowerRating | PR Charts ) is expected to announce $1.13 EPS on Friday morning before the open.
Labranche (LAB | news | PowerRating | PR Charts ) announces results tomorrow morning before the bell; look for -$0.02 EPS.
Johnson Controls (JCI | news | PowerRating | PR Charts ) expects to report $0.37 EPS tomorrow morning before the market opens.
When Rambus (RMBS | news | PowerRating | PR Charts ) reports quarterly results on Friday after the market closes, analysts will be watching for -$0.06 EPS.
Semi sector (SMH)
S&P 500 Support Levels
Biotech Stocks to Watch
BA
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RIMM
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Solar Stocks to Watch
Note:
CSUN has been down 10 days in a row due for a bounce here.
CSIQ another one to watch
Pre-Market Gappers
WCI +18.9%, JAVA +9.5%, COSI +8.5%, FRPT +7.5%, LDK +7.4%, CHINA +7.3%, AMTD +5.3%, COGO +5.2%, TSL +4.3%, TIBX +3.9%, ADCT +3.5%, PH +3.2%, ZQK +2.6%, EBAY +2.5%, BSX +2.1%, BGG +1.9%, ELY +1.8%, NRP +1.8%, MPEL +1.8%, MO +1.7%, BEXP +1.7%, MLNM +1.5%, EXAR +1.4%, ADS +1.3%, KMP +1.2%, ACV +1.0%...
Gapping down:
ABK -7.5%, SPWR -6.1%, LOGI -5.5%, ARO -4.3%, HOG -4.1%, MOS -3.7%, MER -3.5%, AAUK -3.2%, JSDA -2.7%, TRA -1.9%, AGU -1.9%, NVS -1.9%, WYE -1.6%, IGT -1.6%, CMA -1.3%, DAI -1.0%.
SOLF
Upgrades and Downgrades
BA, ELY, GNA, CTRP, MPEL, WU, TIBX, CDE, MLNM, ACV, EBAY, AHT, and BIIB
Downgraded this morning include:
MSTR, CAS, JSDA, WFC, DAI, JPM, DCGN, HOG, INTC, SLW, ADBE, EPIC, and MFE
Budd Foxx
Morning News
European markets are trading up a bit so far today.
In Tokyo the Nikkei 225 did end the day higher.
Crude oil is $91.50 per barrel.
Wholesale gasoline is sitting at $2.29 per gallon.
Natural gas remains just above $8.00 per unit.
Gold is $884.00 per ounce.
Weekly jobless claims will be released at 8:30 this morning.
December housing starts will also be out at 8:30 this morning.
Ben Bernanke will testify on Capitol Hill this morning at 10:00.
The Energy Dept. will release natural gas inventories at 10:30 this morning.
Yesterday's action had the Dow down 34 points, The Nasdaq lost 23 points, and the S&P ended 8 points lower.
FDA now saying over the counter cold medicines to risky for babies and young children.
Merrill Lynch out with quarterly results looks like they are reporting a loss of $12.01 a share and looks like a write down of $14.1 billion.
Budd Foxx
Wednesday, January 16, 2008
7 Stocks you need to know for Thursday
Kinder Morgan Partners (KMP | news | PowerRating | PR Charts ) beat earnings on Wednesday afternoon, reporting $0.50 EPS over an expected $0.45 EPS.
Blockbuster (BBI | news | PowerRating | PR Charts ) rallied 22%, after JP Morgan said that Apple competition worries could be overblown.
BB&T Corporation (BBT | news | PowerRating | PR Charts ) reports earnings on Thursday before the market opens, with traders looking for $0.78 EPS.
Continental Airlines (CAL | news | PowerRating | PR Charts ) announces quarterly results on Thursday morning; watch for $0.03 EPS.
International Game Technology (IGT | news | PowerRating | PR Charts ) is expected to post $0.36 EPS on Tuesday morning before the bell.
Analysts will be watching for Merrill Lynch (MER | news | PowerRating | PR Charts ) to report -$4.57 EPS before the market opens tomorrow.
Novartis (NVS | news | PowerRating | PR Charts ) should report $0.73 EPS tomorrow morning.
Earnings
Oil Inventories
Crude oil saw a build of 4.3 million barrels.
Gasoline was up 2.2 million barrels.
Distillates saw a build of 1.1 million barrels.
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GS
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Biotech Stocks to Watch
AZN
Pre-Market Gappers
BEAS +18.7%, NITE +11.8%, GRRF +7.9%, TIBX +6.7%, SSTI +4.7%, LOOK +4.5%, MGM +4.4%, LCRY +4.0%, DXD +3.3%, ERIC +2.6%, AZN +2.3%, WFC +1.9%, LLTC +1.8%, TTMI +1.3%, SPWR +1.2%...
Gapping down:
CPKI -17.7%, ABK -14.9%, ZQK -12.5%, INTC -12.3%, ASML -11.5%, SGMS -10.1%, STXS -9.6%, NVDA -6.8%, MBI -6.5%, GOLD -6.5%, THRX -6.4%, FFIV -5.5%, FUL -4.8%, CAMP -4.8%, STO -4.7%, BRCM -4.6%, LDK -4.3%, DELL -3.8%, RIO -3.4%, BHP -3.3%, RIMM -3.2%, QGEN -3.1%, MRVL -3.0%, MSFT -2.9%, RTP -2.8%, AMD -2.8%, AMAT -2.7%, CSCO -2.5%, AAPL -2.4%, QCOM -1.7%, ING -1.5%, NVS -1.3%.
Upgrades and Downgrades
EDU, CLX, SLW, FORM, VRTX, BSX, SVU, FMC,ACS, KND, DEO, EL, TLAB, ROP, and ADCT
Downgraded this morning include:
LCBM, PCZ, PKTR, FFIV, DT, VOD, ADSK, and MRX
Budd Foxx
Morning News
European markets are trading lower today.
In Tokyo the Nikkei 225 took a hit.
Crude oil is down to $90.46 per barrel.
Wholesale gasoline is now $2.27 per gallon.
Natural gas is sitting just above $8.00 per unit.
Gold is currently $886.00 per ounce.
December Consumer Price Index will be released at 8:30 this morning.
December industrial production will be out just before the open this morning.
The Energy Dept. will release weekly oil inventory levels at 10:30 this morning.
Yesterday's action saw the Dow get a 277 point beat down, the Nasdaq lost 60 points, and the S&P gave back 35 points.
Mitt Romney wins Michigan Primary.
Oracle to buy Bea Systems for $19.375 per share.
Intel Corp. reports weak quarterly profit growth, and forward guidance comes in below expectations.
JP Morgan quarterly net falls 34% and reports a $1.3 billion write down.
Budd Foxx
Tuesday, January 15, 2008
7 Stocks you need to know for Wednesday
Intel (INTC | news | PowerRating | PR Charts ) missed earnings estimates on Tuesday, reporting $0.38 EPS versus an estimated $0.40 EPS.
JP Morgan Chase (JPM | news | PowerRating | PR Charts ) reports earnings on Wednesday before the market opens, with traders watching for $0.93 EPS.
Knight Trading (NITE | news | PowerRating | PR Charts ) announces quarterly results before the bell on Wednesday; look for $0.26 EPS.
Progressive (PGR | news | PowerRating | PR Charts ) should report $0.33 EPS on Wednesday morning before the market opens.
Northern Trust (NTRS | news | PowerRating | PR Charts ) reports earnings on Wednesday morning, with traders watching for $0.93 EPS.
Analysts will be watching for Wells Fargo (WFC | news | PowerRating | PR Charts ) to report $0.41 EPS on Wednesday before the bell.
Analysts are watching for Logitech (LOGI | news | PowerRating | PR Charts ) to report $0.63 EPS on Wednesday afternoon.