Thursday, January 31, 2008

Retail Stocks to Watch

ANF, ANN, SHLD, TGT and WMT

Intuitive Surgical fourth-quarter profit up to $1.24 a share

ISRG posted good earnings and the stock traded up in after hours. Keep it on the radar for Friday.

FXI


iShares FTSE/Xinhua China 25 Index (FXI). One of the most liquid ETFs that tracks China's top 25 companies, the FXI is a great way to play China. The ETF is down more than 32% from its highs and is now bouncing off of long-term chart support.


Stock Market Review

BIDU

Baidu.com bounced off the 200 dma today and is acting well so keep it on the radar.

Rail Road Stocks to Watch

BNI, NSC and UNP are strong today

ADS

Alliance Data Systems acting well here so keep it on that watchlist.

Budd Foxx

TSCO

Tractor Supply Company is bucking the trend here in early trading so put this stock on that trading radar.

Budd Foxx

GIGM

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

MA

Mastercard reported good earnings and the stock is trading up on the news so keep it on the radar.

Pre-Market Gappers

Gapping up:

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%.

ASYS

Amtech Systems announces new solar orders totaling $4.3 million

Watch for Breakout Video

Upgrades and Downgrades

Upgraded this morning include:

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

Futures are pointing to a weak start today.

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

Stock Market Review

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.

RMBS

Rambus is strong today so keep it on the radar.

Oil Inventories

Energy Dept. just released weekly inventory levels.

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.

Budd Foxx

ERTS

Electronic Arts Inc. has a good tone to it this morning so keep this stock on that watchlist.

Budd Foxx

ELN

Elan Corp. is acting well this morning so put this stock on that trading radar.

Budd Foxx

RIMM

Research In Motion seems to be perking up just a bit here so keep this stock on that watchlist.

Budd Foxx
TBSI +12%, DRYS +8.3%, EGLE +5.3%, NM +4.7%, EXM +4.7%, DSX +4.6%, GNK +3.4%, PRGN +2.9%, QMAR +2.8%, NAT +2.4%, OSG +2.5%, NAT +2.4%, FRO +2.3%.

SLAB

Silicon Laboratories Inc. is acting very well here this morning so put this stock on that trading radar.

Budd Foxx

CROX

Crocs Inc. also acting well in early trading so put this stock on that watchlist.

Budd Foxx

LAZ

Lazard acts well here in early trading so keep this stock on that watchlist.

Budd Foxx

CHRW

Robinson acting well keep it on the radar.

A Few Stocks to Watch Today

JBHT, EXM, LEH, TBSI and DRYS

Pre-Market Gappers

Gapping up:

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%.

Barchart Top 100 Stocks

Top 100 Stocks for Jan 29

Average Weighted Alpha is +125.68

Barchart Top 100 Stocks

Watch for Breakout

ANR Over $35.20

ICO Over $6.15

VCGH Over $12.20

ECLP Over $26.10

CHIC Over $17.20

RPM Over $22

Upgrades and Downgrades

Upgraded this morning include:

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

Futures are pointing to a lower open this morning.

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

Barchart Top 100 Stocks

Top 100 Stocks for Jan 29

Average Weighted Alpha is +125.68

Barchart Top 100 Stocks

Stock Market Review

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.

Leading names in the Solar Group include, AKNS, DSTI, LDK, YGE, FSLR, SPWR, STP, CSUN, CSIQ, ASTI, ESLR, SOLF, JASO, TSL

Top Performers

ATI, TECH, AVY, CRS, QMAR, NNDS, VLO

FTO, CXG, CHTT, ZMH

FSLR

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

Fertilizer Stocks to Watch

AGU, BG, CF, MOS, MON, POT and TNH

GOOG

Google initiated with a Buy at Canaccord Adams- target $755. Google ests raised, quarter on track- Bear Stearns. This security has resistance at the 200 dma around $570

RHT

Red Hat resumed with an Outperform at Oppenheimer- tgt $23

Pre-Market Gappers

Gapping up:

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%.

MMM

3M beats by $0.02, beats on revs; reaffirms FY08 EPS guidance

VLO

Valero Energy beats by $0.38, beats on revs (54.90 ) : Reports Q4 (Dec) EPS of $1.02 per share, $0.38 better than the First Call consensus of $0.64; revenues rose 52.2% year/year to $28.67 bln vs the $24.23 bln consensus.

Watch for Breakout

PAL Continuation Play

LSCG Over 9.60

JRCC Over $12

SMTS Over $24.50

GW Over $6.95

KND Over $28.50

Upgrades and Downgrades

Upgrades:

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

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

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

Stock Market Review

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

Homebuilder stocks push to session highs after shrugging off weak data... BZH +9.6%, MDC +5.5%, RYL +3.1%, XHB +2%

FSLR

First Solar gains ~$9 in past half hour; strength in stock follows LA Times story discussing thin film

WCG

WellCare Healthplans Inc. acts well here this morning so keep it on that trading radar.

Budd Foxx

Ultra Short ETF's

DXD, SKF, SDS, QID, SRS, FXP, MZZ, TWM

BUCY

BucyRus International is bucking the trend here in early trading so put this stock on that trading radar.

Budd Foxx

NMX

Nymex Holding Inc. also acting well in early trading so keep it on that watchlist.

Budd Foxx

CME

CME Group Inc. strong out of the gate here so put this stock on that watchlist.

Budd Foxx

ICE

Intercontinental Exchange acts well here in early trading so put this on that trading radar.

Budd Foxx

Calyon on Solars

Calyon reiterates their solar Buy ratings, each investment thesis remains intact. Bullish on solar and individual cos' long-term prospects. Lowering target on FSLR to $245 (from $345), SPWR to $120 (from $172) and ESLR to $16 (from $22). The lower multiples are due to investor fears of a recession weighing on multiples - the market is not paying up as much for growth now.

GLW

Corning beats by $0.01, beats on revs; guides Q1 EPS above consensus, revs above consensus

CAT

Bear Stearns upgrades Caterpillar (CAT 65.93) to Outperform from Peer Perform.

Pre-Market Gappers

Gapping up:

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%.

GOOG

A4 traking ahead in U.S.; raising estimates - RBC

Watch for Breakout Video

Upgrades and Downgrades

Upgraded this morning include:

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

Futures are pointing to a rough start to the new week.

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

Friday, January 25, 2008

Stock Market Review

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

SunTech Power Holding Company acts well here in early trading so keep this stock on that trading radar.

Budd Foxx

RMG

Riskmetrics Group Inc. this new issue is acting well here this morning so put this stock on that trading radar.

Budd Foxx

VMW

VMWare Inc. has a decent tone to it early so put this stock on that trading radar.

Budd Foxx

FSLR

First Solar strong out of the gate this morning so keep it on that trading radar.

Budd Foxx

BIDU

Baidu.com looks to open sharply higher here so keep this stock on that trading radar.

Budd Foxx

AAPL

Apple Inc. is acting well here in pre market trading so keep this stock on that watchlist.

Budd Foxx

Solar Stocks to Watch

Leading names in the Solar Group include, AKNS, DSTI, LDK, YGE, FSLR, SPWR, STP, CSUN, CSIQ, ASTI, ESLR, SOLF, JASO, TSL

Fertilizer Stocks to Watch

AGU, BG, CF, MOS, MON, POT and TNH

Pre-Market Gappers

Gapping up:

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

Upgraded this morning include:

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

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

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

Stock Market Review

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.

Top Performers

NVEC / TRMB / FFIV / RVBD / PLMC

CVO / ESI / PLXS

Oil Inventories

Energy Dept. just released weekly inventory levels.

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.

Budd Foxx

GOOG

Google Inc. is perking up here so put this stock on that trading radar.

Budd Foxx

BUCY

BucyRus International is on the move here so keep this stock on that trading radar.

Budd Foxx

FSLR

First Solar has turned around here and gone green so keep this stock on that trading radar.

Budd Foxx

BIDU

Baidu.com strong out of the gate here so keep this stock on that watchlist.

Budd Foxx

DRYS

DryShips Inc. is acting well here early so put this stock on that trading radar.

Budd Foxx

RIMM

Research In Motion acting well here in early trading so keep this stock on that watchlist.

Budd Foxx

Fertilizer Stocks to Watch

AGU, BG, CF, MOS, MON, POT and TNH

POT

POT announces that its Board has approved its intention to commence an open-market repurchase program of approx 5% of its outstanding common shares over a one-year period through a normal course issuer bid.

Watch for Breakout

VNBC Over $10.55

MU Over $6.75

NWY Over $4.65

MIN Over $6.35

RAD Over $2.35

Pre-Market Gappers

Gapping up:

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

Upgraded this morning include:

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

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

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

SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Thursday's session are Microsoft, Ford, E-Trade, AT&T, and Lockheed Martin.

Stocks to Watch

Stock Market Review

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

Today after the close look for the following companies to report:

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

XMSR XM Satellite: Hearing XMSR-SIRI merger could receive approval from DoJ and FCC tonight.
Noted strength in the Housing ETF (XHB) earlier -- CTX, HOV, BZH, RYL, PHM, KBH, TOL, LEN -- and have also seen a solid run in REITs (IYR) as well -- KIM +3%, GGP +2.5%, MAC +2.4%, AIV +2.1%, PSA +1.8%, PEI +1.8%, BXP +1.4%, CPT +1.2%, EQR +1.1%

BNI

Burlington Northern Santa Fe is trading just a bit higher here so keep this stock on that watchlist.

Budd Foxx

BSC

Bear Stearns is trading up just a bit here early so keep this stock on that watchlist.

Budd Foxx

Pre-Market Gappers

Gapping up:

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%.

Ultra Short ETF's

DXD, SKF, SDS, QID, SRS, FXP, MZZ, TWM

Solar Stocks Upgraded

Keep the Solar stocks on the radar as the following were upgraded this morning:

CSIQ, LDK and STP

Watch for Breakout

CPHD Over $32.35

ORCH Over $5.75

Upgrades and Downgrades

Upgraded this morning include:

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

Futures are pointing to another weak start for the market this morning.

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

Stock Market Review

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.

GS

Goldman Sachs, Inc. has perked up a bit here so keep it on the radar.

Stocks Bucking the Trend

MA, CME, JASO, PBR, LVS, GS

AEM

Aginco Eagel Mines is bucking the trend so keep it on the radar.

Pre-Market Gappers

Gapping up:

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%.

Ultra Short ETF's

DXD, SKF, SDS, QID, SRS, FXP, MZZ, TWM

Upgrades and Downgrades

Upgraded this morning include:

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

Futures are pointing to a huge sell off here in the United States today.

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 market

U.S. Stock Futures

Currently at 11:20 am est the DJIA futures are down 468 points.

U.S. Stock Futures

Stocks Plummet in Germany, Hong Kong, India, Brazil in Rout

Stocks plunged in Germany, Hong Kong, India and Brazil, and U.S. index futures dropped on mounting speculation that the global economy is slowing and company defaults will rise.

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

S&P 500 CHART

Odds are, U.S. is in a recession

Of the five monthly economic indicators used to judge whether the U.S. economy has fallen into a recession, three are declining and one other is flattening out. Three of the five numbers peaked in September. Only one has grown with any vigor over the past few months, but it's starting to look weaker.

Odds are, U.S. is in a recession

Saturday, January 19, 2008

VIDEO - Downtrend Confirmed

This video covers the charts we use to define an uptrend and downtrend (a downtrend has been 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.

Stock Market Review

Ultra Short ETF's

DXD, SKF, SDS, QID, SRS, FXP, MZZ, TWM

FSLR

First Solar seems to be perking up here so keep it on that watchlist.

Budd Foxx

NMX

Nymex Holdings Inc. is rippin here this morning so keep this stock on that trading radar.

Budd Foxx

DRYS

Dryships Inc. is acting very well here early so keep this stock on that trading radar.

Budd Foxx

FWLT

Foster Wheeler has a decent tone to it so keep this stock on that radar.

Budd Foxx

MON

Monsanto Company acting well here early so keep it on that watchlist.

Budd Foxx

IBM

International Business Machines is actively trading to the upside here so keep this stock on that radar.

Budd Foxx

ILMN

Illumina Inc. has a good tone to it here early so put this stock on that trading radar.

Budd Foxx

RIMM

Research In Motion seems to be perking up here so put this stock on that trading radar.

Budd Foxx

BIDU

Baidu.com trading higher here in early trading so put this stock on that watchlist.

Budd Foxx

AAPL

Apple Inc. strong out of the gate this morning so put this stock on that trading radar.

Budd Foxx

Pre-Market Gappers

Gapping up:

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

Leading names in the Solar Group include, AKNS, DSTI, LDK, YGE, FSLR, SPWR, STP, CSUN, CSIQ, ASTI, ESLR, SOLF, JASO, TSL

Fertilizer Stocks to Watch

AGU, BG, CF, MOS, MON, POT and TNH

POT

Potash upgraded to Outperform at Scotia Bank

Watch for Breakout

AMED Over $50

AUXL
Over $31.25

CREE Over $28

OMCL Over $28.40

RZ Over $18 or bounce play off 50 ema

Upgrades and Downgrades

Upgraded this morning include:

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

Futures are pointing to a higher start to the morning.

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

Stock Market Review

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)

Strength in the Semi sector (SMH) has helped to underpin as the SMH held just above support noted in The Technical Take at 27.73 (62% retrace of yesterday's rebound). -- BRCM +1.8%, TXN +0.9%, SNDK +2.2%, NVLS +1.6%, MU +3.5%, LSI +4.1%, AMKR +0.7%.

APOL

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

Ultra Short ETF's

DXD, SKF, SDS, QID, SRS, FXP, MZZ, TWM

S&P 500 Support Levels

Noted support for the index at 1360/1359 as it tested yesterday's low of 1366 in the 10:19 update and have seen the index bounce after testing this area (session low 1359). However, it failed to sustain follow through back above 1366 and recently slipped to a new session low of 1358. Initial technical extension targets below the low are at 1356 and 1353.

Biotech Stocks to Watch

AMGN, HGSI, MATK, GENZ, and GILD as this has been a hot group that has been bucking the overall market trend.

BA

Boeing Company is acting well here in early trading so put this stock on that watchlist.

Budd Foxx

RIMM

Research In Motion strong out of the gate here this morning so put this stock on that watchlist.

Budd Foxx

Solar Stocks to Watch

Leading names in the Solar Group include, AKNS, DSTI, LDK, YGE, FSLR, SPWR, STP, CSUN, CSIQ, ASTI, ESLR, SOLF, JASO, TSL

Note:

CSUN
has been down 10 days in a row due for a bounce here.
CSIQ
another one to watch

Look for a Bounce

AAPL, BIDU, CME, EBAY, FSLR, GOOG, ICE, and RIMM

Pre-Market Gappers

Gapping up:

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

Solarfun Power profiled in New America section of IBD. This stock was also profiled at trading markets as an oversold stock for traders to watch.

EBAY

Bear Stearns upgrades eBay (EBAY 28.09) to Outperform from Peer Perform

Upgrades and Downgrades

Upgraded this morning include:

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

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

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

Put vs Call Ratio

Here is the Put vs Call Ratio going into options expiration.

Put vs Call Ratio

Watch for Breakout

AIZ Over $69.80

JNJ
Over $68.75

KNDL Over $51.35

MATW
Over $49.50

UST
Over $57

6 Oversold Stocks with Upside for Traders

SOLF, RICK, NTCT, MA, KAMN, and BTM

6 Oversold Stocks with Upside for Traders

Stock Market Review

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

Tonight, after the close, look for CLC, GKK, KMP, and LOGI. Tomorrow, before the bell, look for APH, BK, BBT, BLK, BGG, CIT, CMA, CAL, FHN, HBAN, IIIN, IGT, MER, NVS, PH, PNC, PPG, and AMTD.

VSEA

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

ISRG

Intuitive Surgical, Inc. is acting well today so keep it on the radar this afternoon.

Oil Inventories

Energy Dept. just released weekly inventory levels.

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.

Budd Foxx

VMW

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

GS

Goldman Sachs has a decent tone to it early this morning so put this stock on that watchlist.

Budd Foxx

Biotech Stocks to Watch

AMGN, HGSI, MATK, GENZ, and GILD as this has been a hot group that has been bucking the overall market trend.

AZN

Astrazeneca was recommended to a buy by Goldman Sachs so keep it on the radar today. Resistance is at the 50 ema which is $45.45

Ultra Short ETF's

DXD, SKF, SDS, QID, SRS, FXP, MZZ, TWM

DOW CHART


Next Level of support for the Dow would be the March 2007 lows around the 11,940 area.

Pre-Market Gappers

Gapping up:

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%.

SLW

Silver Wheaton was upgraded this morning so keep it on the radar.

FSLR

First Solar: Hearing FSLR upgraded to Buy at Pacific Growth

Upgrades and Downgrades

Upgraded this morning include:

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

Watch for Breakout

DV Over $60

CF Over $120

POT Over $152

Morning News

Futures are pointing to a much lower open this morning.

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

Stock Market Review

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.
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