Friday, February 29, 2008
7 Stocks you need to know for Monday
American International Group's (AIG | news | PowerRating | PR Charts ) record $5.29 billion loss led to widespread selling on Friday.
Meanwhile, a 6% decline in quarterly profit at Dell (DELL | news | PowerRating | PR Charts ) weighed on the technology sector.
After the market close, Berkshire Hathaway (BRK.A | news | PowerRating | PR Charts ) reported an 18% decline in fourth quarter profit and warned investors that "insurance-industry profit margins, including ours, will fall significantly in 2008".
Northrop Grumman (NOC | news | PowerRating | PR Charts ) won a $35 billion contract to build air refueling tankers.
The news Northrop Grumman was a major blow to market leader Boeing (BA | news | PowerRating | PR Charts ).
Late on Friday, The Wall Street Journal reported that Countrywide Financial (CFC | news | PowerRating | PR Charts ) may be sanctioned for "alleged abuses of the bankruptcy system."
And finally, do you think Merrill Lynch (MER | news | PowerRating | PR Charts ) will close up or down on Tuesday? Play TradingMarkets Up or Down Daily Stock Contest for the chance to win $1000 every month by predicting the direction of a stock.
In reaction to strong earnings/guidance:
Pre-Market Gappers
COMS +27.1%, MRVC +23.6%, INAP +19.4%, AGO +15.9%, SDIX +12.8%, SAPE +12.2%, UTSI +10.9%, ESL +8.0%, ALNY +6.3%, OVTI +6.1%, FCN +6.0%, CTV +5.7%, URI +5.7%, CSCX +5.3%, GPS +4.9%, JRJC +4.9%, INT +4.7%, NOVL +4.7%, TTWO +4.5%, SGMS +4.1%, TTWO +3.8%, KRY +3.7%, NXG +3.1%, CPHD +3.0%, IVN +2.7%, SWN +2.0%, BIDZ +1.8%, CCK +1.5%, MBT +1.3%, VLO +1.2%...
Gapping down:
FMT -23.7%, SEPR -10.9%, DECK -10.2%, ABK -8.5%, MNI -7.8%, DTSI -7.7%, TIE -7.3%, SONS -6.7%, DF -6.0%, HANS -6.0%, CDL -5.9%, CEGE -5.8%, HRS -5.4%, RHD -5.2%, BGFV -5.1%, AIG -4.9%, BCS -4.3%, SVNT -4.2%, HMSY -3.7%, UBS -3.6%, S -3.5%, EAS -3.1%, AAUK -3.1%, SLT -3.1%, LMC -3.0%, FIG -2.9%, CC -2.9%, AEG -2.8%, AXA -2.6%, ING -2.5%, LYV -2.5%, CS -2.4%, MT -2.2%, LIZ -2.1%, HBC -2.0%, DELL -1.6%, MOVE -1.6%, WST -1.4%, AMGN -1.4%, MRT -1.3%.
Upgrades and Downgrades
ESEA, TRAK, DECK, ETR, QSFT, REP, and PFE
Downgraded this morning include:
INAP, CPL, MF, EOG, BEAS, RHD, OCR, NVS, GTI, AIG, and MF
Budd Foxx
Morning News
European markets are trading lower today.
In Tokyo the Nikkei 225 did close lower.
Crude oil is sitting at $102.00 per barrel.
Wholesale gasoline is $2.48 per gallon.
Natural gas is now $9.41 per unit.
Gold has made its way up to $970.00 per ounce.
January personal income data to be released this morning.
Chicago manufacturing report set for release today.
Final report on February consumer confidence also set for release this am.
Yesterday's action saw the Dow give back 112 points, the Nasdaq lost 22 points, and the S&P closed 12 points lower.
Dell Inc. reports a 6% drop in fourth quarter profit.
American International Group reports a $5.29 billion fourth quarter net loss.
Microsoft reportedly cutting price of its operqating system Vista.
Baidu.com reportedly set to start IM service.
Wilbur Ross to invest $1 billion in Assured Guaranty.
Budd Foxx
Thursday, February 28, 2008
7 Stocks you need to know for Friday
After the market close, American International Group (AIG | news | PowerRating | PR Charts ) missed earnings by -$1.85, reporting a loss of $-1.25 versus estimates of $0.60.
Dell (DELL | news | PowerRating | PR Charts ) missed estimates by -$0.05, However, the company announced plans to buyback at least $1 billion of common stock in Q1.
Earlier today, Freddie Mac (FRE | news | PowerRating | PR Charts ) reported much worse than expected earnings, missing estimates by -$1.63. FRE's fourth quarter loss came in at $2.5 billion.
Shares of Sprint Nextel (S | news | PowerRating | PR Charts ) tumbled after the company also disappointed. Sprint reported a net loss of $29.45 billion after virtually writing-off the cost of its 2005 Nextel acquisition.
Before the market open tomorrow, Sepracor (SEPR | news | PowerRating | PR Charts ) is expected to report Q4 2007 earnings of $0.53.
Mirant (MIR | news | PowerRating | PR Charts ) is also scheduled to report before the market open on Friday, with analysts expecting $0.68.
And finally, do you think Cisco Systems (CSCO | news | PowerRating | PR Charts ) will close up or down on Monday? Play TradingMarkets Up or Down Daily Stock Contest for the chance to win $1000 every month by predicting the direction of a stock.
FLS
Budd Foxx
In reaction to strong earnings/guidance:
AAPL
Budd Foxx
FLR
Pre-Market Gappers
DBRN +12.9%, NRF +10.5%, CRM +10.4%, IMMC +10.0%, MIDD +9.4%, FLS +9.3%, VRNM +8.5%, REGN +8.3%, CTRP +7.2%, VISN +6.7%, NKTR +5.6%, RMBS +5.0%, MANT +4.5%, NUVO +3.6%, ZINC +3.1%, GEF +2.6%, APPL +2.5%, LTD +2.0%, APPX +1.9%, XNPT +1.4%, ABH +1.3%, MRX +1.2%...
Gapping down:
NGSX -39.7%, SEED -32.9%, AIRN -17.2%, S -13.4%, FIRE -12.1%, MYL -9.7%, PDGI -8.1%, ESPD -7.9%, WG -5.6%, RFMD -4.0%, TMA -3.9%, WDC -2.9%, NNN -2.5%, CEDC -2.4%, SHLD -2.1%, STX -1.9%, GFI -1.8%, FRX -1.5%, AAUK -1.4%, T -1.1%, QCOM -1.1%, FNM -1.0%.
Upgrades and Downgrades
NLC, PLXS, MXWL, BID, BBI, and VARI
Downgraded this morning include:
LEA, BWA, FRX, FPO, RFMD, STX, WDC, ENOC, and LNUX
Budd Foxx
Morning News
European markets are trading lower so far today.
In Tokyo the Nikkei 225 did close lower.
Crude oil is sitting just below $100.00 per barrel.
Wholesale gasoline is $2.47 per gallon.
Natural gas is $9.13 per unit.
Gold is currently $959.00 per ounce.
Weekly jobless claims will be released at 8:30 this morning.
Fourth quarter GDP will be released at 8:30 this morning.
Energy Dept. will release weekly natural gas inventories at 10:30 this morning.
Ben Bernanke will be speaking before the Senate Banking Committee today.
Yesterday's action had the Dow finish 9 points higher, the Nasdaq gained 8 points, and the S&P lost 1 point.
Sears Holding quarterly profit down 47.5% on lower sales at KMart and Sears stores.
Ford plans to make 55,000 fewer vehicles in the first quarter.
Verizon in talks with Qwest on wireless deal.
Budd Foxx
Wednesday, February 27, 2008
7 Stocks you need to know for Thursday
The EU fined Microsoft (MSFT | news | PowerRating | PR Charts ) $1.35 billion on Wednesday for antitrust violations.
Fannie Mae (FNM | news | PowerRating | PR Charts ) reported a $3.6 billion fourth quarter loss.
After the close, Limited Brands (LTD | news | PowerRating | PR Charts ) beat estimates by $0.03, reporting Q4 2007 earnings of $0.94.
Tenaris S.A. (TS | news | PowerRating | PR Charts ) beat estimates by $0.21, reporting $0.93 for the fourth quarter.
Hot on the heels of Fannie Mae's huge fourth quarter loss comes Freddie Mac (FRE | news | PowerRating | PR Charts ). FRE is expected to report a Q4 2007 loss of -$2.34 before the market open.
Also before the market open, Sprint Nextel (S | news | PowerRating | PR Charts ) is expected to report fourth quarter earnings of $0.18.
Citigroup (C | news | PowerRating | PR Charts ) named Brian Leach as chief risk officer. Mr. Leach co-founded the hedge fund Old Lane Partners with Vikram Pandit, Citi's new CEO.
DLTR
Budd Foxx
CLHB
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Pre-Market Gappers
ERES +10.3%, SGY +7.6%, WRNC +6.4%, AXTI +5.7%, HLF +5.6%, DWA +5.2%, MXWL +5.0%, SBLK +4.8%, ENOC +4.7%, ARUN +3.9%, NFLX +3.8%, VSNT +3.2%, STM +2.9%, STO +2.9%, MEDX +2.7%, GFI +2.7%, FRO +2.2%, WST +1.7%, BARE +1.4%, CVA +1.1%...
Gapping down:
ADSK -10.1%, DY -8.8%, URS -7.1%, CRI -6.5%, JASO -5.6%, DRC -5.3%, BTUI -5.1%, EEP -3.8%, CVTX -3.6%, SUPG -3.0%, BMRN -2.9%, CF -2.9%, ENS -2.7%, DAL -2.6%, CF -2.6%, ING -2.6%, AGU -2.4%, BCS -2.3%, COST -2.2%, BID -2.0%, KMP -1.8%, SCRX -1.7%, POT -1.7%, MOS -1.7%, TRA -1.5%, MON -1.5%, COGT -1.3%, AMGN -1.2%, JNJ -1.0%.
Upgrades and Downgrades
MEDX, BRP, SUPG, XLNX, OSG, THC, and TEF
Downgraded this morning include:
CRDN, OFIX, GLNG, CGPI, NG, KSWS, BBG, YGE, SOLF, JASO, TSL, CHK, KWK, EOG, SWN, ABX, and UPL
Budd Foxx
Morning News
European markets are trading lower so far today.
In Tokyo the Nikkei 225 did end higher.
Crude oil is up to $101.32 per barrel.
Wholesale gasoline is $2.54 per gallon.
Natural gas is sitting at $9.18 per unit.
Gold has made its way up to $960.00 an ounce.
January durable goods orders will be released at 8:30 this morning.
New home sales numbers for the month of January will be released at 10:00 this morning.
Energy Dept. will release weekly oil inventory levels at 10:30 this morning.
Ben Bernanke will speaking before Congress at 10:00 this morning.
Yesterday's action had the Dow close 114 points higher, the Nasdaq gained 17 points, and the S&P added 9 points.
The U.S. dollar trading near record lows against the euro.
Microsoft fined $1.35 billion by the European Commission for failure to comply with antitrust ruling.
Nortel Networks out with weaker than expected quarterly results, and also set to cut jobs.
Budd Foxx
Tuesday, February 26, 2008
7 Stocks you need to know for Wednesday
International Business Machines (IBM | news | PowerRating | PR Charts ) approved a $15 billion stock buyback and raised its 2008 earnings outlook.
AFP reported that the EU will announce a heavy fine against Microsoft (MSFT | news | PowerRating | PR Charts ) on Wednesday.
CV Therapeutics (CVTX | news | PowerRating | PR Charts ), the biopharmaceutical company, missed earnings estimates by -$0.06, reporting a loss of -$0.57.
Covanta Holding Corp. (CVA | news | PowerRating | PR Charts ) beat Q4 2007 earnings estimates by $0.22.
Nortel Networks (NT | news | PowerRating | PR Charts ), the networking solutions supplier, is expected to report Q4 2007 earnings of $0.47, before the market open.
Also before the open, luxury home builder, Toll Brothers (TOL | news | PowerRating | PR Charts ), is expected to report a Q1 2008 loss of -$0.44.
Google (GOOG | news | PowerRating | PR Charts ) lost more than 4% after it was reported the number of people clicking its search ads declined in January.
EOG
Earnings
AHS, APSG, ARUN, ADSK, AXTI, BARE, BMRN, BTUI, CRI, COGT, CVA, CVTX, DWA, DRC, DY, EDR, ERES, GCFB, HCKT, HCN, HLEX, HLF, MASI, MXWL, MEDX, ORA, OSG, PCR, RRC, SONE, SCRX, SEAB , BID, LNUX, SGY, SPN, TX, URS, WRNC, and WRI.
Tomorrow before the open look for the following companies to report: AER, AMED, WTR, ALC, BYD, CBI, CHTR, CKP, CLHB, CCOI, DLTR, RRN, DYN, EIX, ENOC, FSS, ICTG, IHP, IHR, KNDL, LAMR, LXP, LIFC, TVL, LKQX, MGA, MCGC, PCS, NIHD, NBL, NT, OC, HK, PDC, PXP, FRZ, RCKY, SPW, TOL, and VPHM.
AZO
Budd Foxx
Pre-Market Gappers
CGPI -3.5%, SNDA -2.2%, HBC -2.1%, MICC -1.6%, MA -1.6%, EWZ -1.5%, DB -1.5%, DAI -1.3%, KNDL -1.1%...
Gapping down:
FWLT -6.2%, CRDN -3.5%, GS -2.3%, GOOG -2.0%, USU -1.2%, BIDU -1.0%, LDK -1.0%.
Upgrades and Downgrades
BCO, HMIN, MA, REP, OXY, OVTI, RAD, QTM, MKTX, MPG, HTCH, PCG, NST, DMAN, and TER
Downgraded this morning include:
NVO, ADP, PAYX, and COT
Budd Foxx
Morning News
European markets are trading higher so far today.
In Tokyo the Nikkei 225 did end lowewr.
Crude oil is sitting at $99.00 per barrel.
Wholesale gasoline is $2.53 per gallon.
Natural gas up to $9.23 per unit.
Gold is sitting at $936.00 per ounce.
Wholesale inflation data for the month of January will be released this morning.
Consumer confidence for the month of February will be released this morning.
Yesterday's action had the Dow closing 189 points highr, the Nasdaq closed 24 points higher, and the S&P ended 18 points higher.
Donald Kohn Federal Reserve Vice Chairman will be speaking at 12:15 today.
Home Depot reports 27% drop in net income, and expects a 4 to 5 percent drop in sales.
Siemens will repotedly cut 6,800 jobs.
MBIA to suspend quarterly dividend.
U.S. forclosures up 57% from one year ago.
Budd Foxx
Monday, February 25, 2008
7 Stocks you need to know for Tuesday
Here are 7 stocks to watch on Tuesday...
AutoZone (AZO | news | PowerRating | PR Charts ), the specialty retailer and distributor of automotive replacement parts and accessories, is expected to report Q2 earnings of $1.62.
Dow component, Home Depot (HD | news | PowerRating | PR Charts ) is expected to report Q4 EPS of $0.43.
Macy's (M | news | PowerRating | PR Charts ) is expected to report fourth quarter earnings of $1.60.
Analyst's are looking for H. J. Heinz (HNZ | news | PowerRating | PR Charts ) to report Q3 earnings of $0.67, before the market opens.
DISH Network (DISH | news | PowerRating | PR Charts ) is expected to report Q4 EPS of $0.45.
Office products and services supplier, Office Depot (OD | news | PowerRating | PR Charts ) is expected to report fourth quarter earnings of $0.17.
Take-Two Interactive Software (TTWO | news | PowerRating | PR Charts ) rejected a $2 billion takeover offer by Electronic Arts. Do you think Take-Two will close up or down on Wednesday? Play TradingMarkets Up or Down Daily Stock Contest for the chance to win $1000 every month predicting the direction of a stock.
Visa May Raise as Much as $17 Billion in Initial Sale
Visa, the world's largest payment-card network, plans to sell 406 million Class A shares for $37 to $42 each, the San Francisco-based company said in a regulatory filing today. Banks have the option of selling an additional 40.6 million shares, pushing the potential size of the deal to $18.8 billion.
Pre-Market Gappers
GTXI +55.2%, TTWO +48.0%, DNA +8.9%, PWRD 6.1%, APWR 6.1%, GLF +5.5%, RBS +4.5%, DCO +3.8%, URZ +2.8%, GPCB +2.7%, ING +2.6%, SIGM +2.5%, EWJ +2.1%, CROX 2.0%, VMW 2.0%, POT 1.9%, SSL +1.6%, WPPGY +1.6%, LDK +1.5%, EMC +1.4%, DIS +1.3%, AUP +1.2%, AIXG +1.2%, BCS +1.2%, AXA +1.1%, ETFC +1.0%...
Gapping down:
LULU -3.1%, WM -3.0%, GFI -2.9%, LOW -2.5%, WFR -2.3%, BHP -2.1%, PTR -2.0%, GM -2.0%, GS -1.8%, SAP -1.6%, RTP -1.6%, C -1.5%, ACH -1.5%, FRE -1.4%, GOLD -1.3%, ACGY -1.3%, AZN -1.3%, CCU -1.2%, AAUK -1.1%, XLF -1.0%.
Upgrades and Downgrades
JNPR, SGLP, CRBC, LYG, MTL, ESST, DNA
HAIN, DTSI and YUM
Downgrades:
SYNT, MCU, GRT, AVR, SPW, MOT, BWA, GM
SMSI, STU, ANR, JRCC, NYT
Saturday, February 23, 2008
VIDEO - Trading Set Ups
Leavitt Brothers Free Trial
This week's video covers more stocks we're looking to trade in the next week or so.
Feb 24 VIDEO - Trading Set Ups
Feb 17 VIDEO - Trading Set Ups
http://www.leavittbrothers.com/.
Friday, February 22, 2008
7 Stocks you need to know for Monday
Home improvement retailer, Lowe's Companies (LOW | news | PowerRating | PR Charts ), is expected to report Q4 earnings of $0.25.
Nordstrom (JWN | news | PowerRating | PR Charts ), the fashion specialty retailer, is expected to report Q4 earnings of $0.88.
Late on Friday, there was speculation that troubled bond insurer Ambac Financial (ABK | news | PowerRating | PR Charts ) is close to receiving a bailout.
LDK Solar (LDK | news | PowerRating | PR Charts ) is expected to report Q4 earnings of $0.41.
Analysts are looking for FirstEnergy (FE | news | PowerRating | PR Charts ), the electric utility holding company, to report Q4 earnings of $0.92.
Drug development company, Human Genome Sciences (HGSI | news | PowerRating | PR Charts ), is expected to report a Q4 loss of -$0.49.
And finally, do you think Yahoo! (YHOO | news | PowerRating | PR Charts ) will close up or down on Tuesday? Play TradingMarkets Up or Down Daily Stock Contest for the chance to win $1000 every month predicting the direction of a stock.
AMZN
IMCL
Budd Foxx
SOL
Solar Stocks to Watch
Pre-Market Gappers
NCTY +15.8%, OPTV +14.0%, SOL +11.9%, ASGN +10.3%, LDK +9.3%, OMEX +7.1%, LYG +6.2%, ACTG +5.6%, FRPT +5.4%, SWIM +5.3%, LLY +3.4%, RRGB +3.3%, DTV +3.2%, MT +3.1%, AKNS +3.0%, WWE +2.9%, VLCM +2.9%, DTE +2.5%, NDSN +2.4%, DFS +2.4%, UBS +2.1%, YGE +1.9%, SOLF +1.8%, LAVA +1.8%, DISCA +1.7%...
Gapping down:
MRGE -46.8%, BRLC -37.1%, UNFI -25.6%, ETEL -21.6%, CBEY -20.4%, QDEL -12.3%, DAIO -10.6%, MGRC -6.1%, RUTH -4.7%, CACB -4.6%, FNM -4.1%, INTU -3.5%, FRE -2.5%, GILD -2.2%, MVSN -2.1%, GFIG -2.0%, CHK -2.0%, BBY -1.7%.
LDK
Upgrades and Downgrades
DTR, DPM, IMCL, AEL, DISCA, VRNM, WMB, ABG, KRC, LLTC, NU, MT, DVAX, and TSON
Downgraded this morning include:
ABX, KGC, KSWS, MIG, MOV, AHCI, UEIC, BMR, VTAL, GILD, and CPS
Budd Foxx
Morning News
European markets are trading lower today.
In Tokyo the Nikkei 225 did end lower.
Yesterday's action saw the Dow drop 142 points, the Nasdaq lost 27 points, and the S&P gave back 17 points.
Crude oil sitting just above $99.00 per barrel.
Wholesale gasoline is $2.53 per gallon.
Natural gas is sitting at $8.86 per unit.
Gold is currently $950.00 per ounce.
Motorola names Paul Liska new Chief Financial Officer.
Express Scripts out with quarterly results which topped expectations.
MBIA Inc. to drop out of bond insurance trade group.
Budd Foxx
Thursday, February 21, 2008
TRN
Budd Foxx
TRW
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RIMM
Pre-Market Gappers
CPS +44.7%, BCSI +12.6%, LOCM +9.8%, RIMM +8.3%, NTES +8.2%, ARII +7.6%, ANSS +7.0%, ITRI +7.0%, TEX +6.4%, SNPS +6.4%, IFSIA +6.0%, GFI +5.7%, SQNM +5.2%, GA +4.7%, CPST +4.5%, ACH +4.1%, IVAC +3.9%, ADI +3.9%, PQ +3.8%, TQNT +2.7%, GRMN +2.7%, CSCO +2.6%, BHP +2.6%, RTP +2.4%, MRVL +1.9%, TRN +1.9%, RIG +1.4%...
Gapping down:
CTCT -29.9%, ANDS -27.2%, SSRX -23.2%, LAD -18.3%, NVTL -17.8%, MSSR -13.5%, CECO -7.1%, VRGY -6.9%, PSYS -6.9%, LNET -6.9%, MCRI -6.5%, OII -6.3%, DDSS -5.6%, LFG -3.1%, GW -2.3%.
Upgrades and Downgrades
GFI, LPX, MDRX, ENR, GRMN, SHW, CHIC, STC, CSCO, and BDN
Downgraded this morning include:
VDSI, MSSR, AEM, PETS, STI, NVTL, EMAG, TGT, BP, PT, and BPFH
Budd Foxx
Morning News
European markets are trading higher today.
In Tokyo the Nikkei 225 did end higher.
Crude oil is sitting just under $100.00 per barrel.
Wholesale gasoline is $2.57 per gallon.
Natural gas is $9.01 per unit.
Gold has made it to $946.00 per ounce.
Weekly jobless claims set to be released at 8:30 this morning.
Reading on leading indicators will be released at 10:00 this morning.
Energy Dept. will release weekly oil inventory levels at 10:30 this morning.
Yesterday's action saw the Dow close 90 points higher, the nasdaq gained 20 points, and the S&P added 11 points.
Fed minutes released yesterday afternoon leave the door open for more rate cuts.
Research In Motion expects new subscriber growth to come in 15 to 20 percents higher than previously forcasted.
ChoicePoint Inc. has agreed to be bought for $4.1 billion.
Cisco upgraded to a buy at Citigroup.
Reports are out that the U.S. Navy has has scored a direct hit on a dead satellite which was falling toward earth.
Budd Foxx
Wednesday, February 20, 2008
7 Stocks you need to know for Thursday
Barrick Gold (ABX | news | PowerRating | PR Charts ) is expected to report Q4 earnings of $0.54 before the market opens.
While Goldcorp (GG | news | PowerRating | PR Charts ) is expected to report Q4 earnings of $0.18, also before the market opens.
And Newmont Mining (NEM | news | PowerRating | PR Charts ) is expected to report Q4 earnings of $0.37.
Analysts are looking for MGM MIRAGE (MGM | news | PowerRating | PR Charts ) to report Q4 earnings of $0.56.
Retailer JC Penney (JCP | news | PowerRating | PR Charts ) is expected to report fourth quarter earnings of $1.77.
Business and financial management solutions company Intuit (INTU | news | PowerRating | PR Charts ) is scheduled to report Q2 2008 earnings of $0.36 after the close.
And finally, after the market close, independent oil and gas company Chesapeake Energy (CHK | news | PowerRating | PR Charts ) is expected to report Q4 earnings of $0.81.
OIS
Budd Foxx
MT
Budd Foxx
In reaction to strong earnings/guidance:
Pre-Market Gappers
GRMN +9.4%, HPQ +5.0%, IRBT +4.6%, TMS +4.1%, AXYS +3.9%, ADSK +2.5%, WINN +2.3%, SIRF +1.4%, SHPGY +1.2%, MBI +1.2%, UBS +1.1%, UAM +1.0%...
Gapping down:
SHRP -30.6%, NTRI -25.1%, STP -17.6%, RMIX -16.9%, TRAK -16.1%, TXRH -15.2%, LLNW -14.9%, CROX -12.7%, NED -11.6%, VRAZ -8.0%, ARTC -6.5%, JASO -5.4%, SPWR -5.2%, YGE -5.0%, LDK -4.9%, VOD -4.0%, BHP -3.1%, SOLF -2.9%, FSLR -2.5%, T -2.5%, GSK -2.5%, ESLR -2.2%, WTW -2.0%.
Upgrades and Downgrades
MTH, LUKOY, and TRMA
Downgraded this morning include:
KEY, VRAZ, NTRI, CMCSA, KOF, LLNW, WSO, VZ, T, PPG, and GOL
Budd Foxx
Morning News
European markets are trading lower today.
In Tokyo the Nikkei 225 did end lower.
Crude oil is $98.67 per barrel.
Wholesale gasoline is $2.55 per gallon.
Natural gas is sitting at $9.11 per unit.
Gold hanging in at $926 per ounce.
CPI data set for release at 8:30 this morning.
Housing starts and building permit numbers set for release today.
This afternoon the Fed will release minutes from latest meeting.
Yesterday's action had the Dow close 10 points lower, the Nasdaq gave back 15 points, and the S&P lost 1 point.
Obama, and McCain take yesterday's primaries.
Hewlett Packard out with better than expected number, and the companies forecast for current quarter better than expectations.
Yahoo to add severance package for employees in case of merger.
Crocs Inc. reports good quarter, but 2008 outlook below the street's expectations.
Budd Foxx
Tuesday, February 19, 2008
7 Stocks you need to know for Wednesday
Hewlett-Packard (HPQ | news | PowerRating | PR Charts ) beat earnings on Tuesday afternoon, reporting $0.86 EPS over an expected $0.81 EPS.
Champion (CHB | news | PowerRating | PR Charts ) missed earnings by a long shot on Tuesday, with -$0.08 EPS versus a consensus of $0.08 EPS.
Garmin (GRMN | news | PowerRating | PR Charts ) reports earnings on Wednesday before the market opens, with traders looking for $1.11 EPS.
When Jack In The Box (JBX | news | PowerRating | PR Charts ) reports quarterly results early Wednesday morning, look for $0.57 EPS.
Suntech Power (STP | news | PowerRating | PR Charts ) is poised to report $0.36 EPS on Wednesday before the bell.
Analysts will be watching for Transocean (RIG | news | PowerRating | PR Charts ) to announce $2.54 EPS on Wednesday morning.
Sina (SINA | news | PowerRating | PR Charts ) should report $0.33 EPS after the market closes on Wednesday.
ILMN
Budd Foxx
PCU
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DECK
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RTP
Budd Foxx
FOSL
Budd Foxx
Pre-Market Gappers
LYG +9.1%, ING +8.9%, BCS +8.4%, HMY +7.8%, AKNS +7.1%, RIO +5.8%, PAL +5.8%, SHPGY +5.7%, DAI +5.6%, HOC +4.8%, UIS +4.7%, GSX +4.5%, BHP +4.3%, RTP +4.2%, QDEL +3.7%, HBC +3.5%, TOT +3.4%, B +2.9%, FOSL +2.8%...
Gapping down:
ONXX -19.7%, TMS -9.7%, CS -7.4%, UTHR -5.9%, ACLI -4.9%, SIGM -4.6%.
Watch for Breakout
CF Over $120
HES Over $94
PBR Over $119.50
RIG Over $134
POT Over $155
MTL Over $114
SOLF Over $19
Upgrades and Downgrades
UNH, NICE, MENT, SXE, B, HANS, WPI, GSX, BTI, GRC, X, CHRT, FBTX, and NNI
Downgraded this morning include:
SPSX, PZN, BKUNA, VRUS, SKYW, UBS, FTI, and SIGM
Budd Foxx
Morning News
European markets are trading just a bit higher so far today.
In Tokyo the Nikkei 225 did close higher.
Crude oil is on the move current price is $97.53 per barrel.
Wholesale gasoline is up to $2.56 per gallon.
Natural gas has made it up to $8.88 per unit.
Gold is currently $919.00 per ounce.
NAHB housing market index for the month set for release.
Friday's action had the Dow closing 28 points lower, the Nasdaq lost 10 points, and the S&P closed 1 point higher.
Cuban President Fidel Castro stepping down after taking power back in 1959.
Gary Dunton being replaced by Jay Brown at MBIA.
Wal-Mart Stores out with what looks like pretty much inline numbers for the fourth quarter.
Research In Motion, and Motorola sue each other over patent infringements.
General Electric to adjust accounting practices.
Verizon to announce wireless plans for flat rate domestic calling today.
Budd Foxx
Sunday, February 17, 2008
VIDEO - Trading Set Ups
VIDEO - Trading Set Ups
http://www.leavittbrothers.com/.
Friday, February 15, 2008
7 Stocks you need to know for Tuesday
Fossil (FOSL | news | PowerRating | PR Charts ) reports earnings on Tuesday before the bell; look for $0.67EPS.
Medco Health Solutions (MHS | news | PowerRating | PR Charts ) is expected to report $0.41 EPS on Tuesday before the stock markets open.
Analysts are watching for Medtronic (MDT | news | PowerRating | PR Charts ) to announce $0.62 EPS before the bell rings on Tuesday morning.
When OfficeMax (OMX | news | PowerRating | PR Charts ) reports quarterly results on Tuesday before the bell, look for $0.52 EPS.
Marvel Enterprises (MVL | news | PowerRating | PR Charts ) is set to report $0.29 EPS before the market opens on Tuesday.
Steve Madden (SHOO | news | PowerRating | PR Charts ) is looking to report $0.18 EPS on Tuesday before the market opens.
Analysts are expecting Wal-Mart (WMT | news | PowerRating | PR Charts ) to announce $1.02 EPS before the market opens on Tuesday.
WTW
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EHTH
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Pre-Market Gappers
RMTR +16.0%, RADS +11.4%, CGNX +10.5%, PCLN +9.6%, NOEC +9.0%, WTW +6.7%, DISK +6.6%, MCHX +6.5%, NPBC +6.0%, DSX +5.1%, AMMD +5.0%, DRYS +4.5%, TBSI +4.3%, WG +4.1%, EXM +4.1%, EGLE +3.2%, KFT +3.0%, GNK +3.0%, DSX +2.9%, CSIQ +2.6%, CAKE +2.1%, FTI +2.0%, GSK +1.6%, BUCY +1.2%...
Gapping down:
ARRS -21.5%, RCRC -15.7%, CMG -12.7%, SONO -11.2%, LMC -3.8%, N -3.8%, CENX -3.6%, HITT -3.6%, UBS -3.0%, AATI -2.6%, FCL -2.1%, BSQR -1.7%, CNX -1.5%, ANF -1.4%, ACI -1.1%.
Upgrades and Downgrades
ALJ, S, PTEN, ILA, SNH, WTW, CTL, CSGP, BIOS, FLR, CMG, and EXPD
Downgraded this morning include:
LCAV, ALXN, SSS, SYT, WFMI, and TPTX
Budd Foxx
Morning News
European markets are trading lower so far today.
In Tokyo the Nikkei 225 did end just a bit lower.
Crude oil has made its way back to $95.78 per barrel.
Wholesale gasoline is $2.47 per gallon.
Natural gas reaching $8.74 per unit.
Gold is sitting at $912.00 per ounce.
January import prices set for release at 8:30 this morning.
Empire manufacturing survey for February set fpr release.
January industrial production numbers will be out just before the open.
February consumer sentiment set to be released at 10:00 this am.
Yesterday's action had the Dow giving back 175 points, the Nasdaq lost 41 points, and the S&P closed 18 points lower.
Speaking yesterday Ben Bernanke expressed concerns of a slowing economy.
Alan Greenspan believes we are sitting on the edge of a recession.
Bank of Japan leaves interest rates unchanged.
Warren Buffett discloses his company has taken on a 8.6% stake in Kraft Foods.
Dryships Inc. out with quarterly report, and the stock traded up last night in after hours trading.
Budd Foxx
7 Stocks you need to know for Friday
Hittite Microwave (HITT | news | PowerRating | PR Charts ) missed earnings expectations on Thursday, reporting $0.43 EPS versus a consensus of $0.44 EPS.
Bright Horizons (BFAM | news | PowerRating | PR Charts ) beat earnings on Thursday, with $0.44 EPS over an expected $0.43 EPS.
Abercrombie & Fitch (ANF | news | PowerRating | PR Charts ) reports quarterly earnings on Friday before the bell, with traders looking for $2.36 EPS.
Barnes Group (B | news | PowerRating | PR Charts ) announces results on Friday before the market opens; watch for $0.39 EPS.
Campbell Soup (CPB | news | PowerRating | PR Charts ) is poised to report $0.70 EPS on Friday morning.
When J.M. Smucker (SJM | news | PowerRating | PR Charts ) announces quarterly results tomorrow morning, watch for $0.78 EPS.
Analysts are watching for Hormel Foods (HRL | news | PowerRating | PR Charts ) to report $0.58 EPS on Friday before the bell.
Thursday, February 14, 2008
FARO
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COG
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GNK
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GT
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Solar Stocks to Watch
Pre-Market Gappers
PPO +13.9%, AMKR +13.6%, HIMX +9.8%, VCLK +7.7%, ALXN +7.4%, BIDU +7.2%, EQIX +7.2%, TOMO +6.3%, GNK +6.2%, CMCSA +5.6%, RMKR +4.9%, CCRT +4.9%, MBI +4.5%, CCU +4.4%, CSIQ +4.3%, ABK +3.4%, FMC +2.6%, STP +2.5%, ESLR +2.2%, DNDN +2.1%, FSLR +2.0%, JASO +1.8%, NVDA +1.5%, SKX +1.5%, TASR +1.5%, FNM +1.4%, ACXM +1.0%...
Gapping down:
MDRX -13.3%, NTGR -9.4%, STMP -9.3%, HPY -8.3%, XFML -8.0%, COIN -7.0%, UBS -6.0%, UBS -5.7%, AAP -5.4%, GSIC -5.3%, GPRO -4.6%, IM -4.3%, ZGEN -4.3%, NTAP -3.6%, XTO -1.3%, DAI -1.0%.
Watch for Breakout
DVN Over $95.50
COG Over $44
HES Over $94
ILMN Over $72
PBR Over $119
SOLF Over $19
Upgrades and Downgrades
CHK, UTR, CCJ, VCLK, MDCO, WGL, BIDU, SWY, and GWR
Downgraded this morning include:
NLS, MDRX, BEAV, CCRT, UBS, NTAP, and KNOT
Budd Foxx
Morning News
- Futures are pointing to a flat open this morning.
- European markets are trading higher so far today.
- In Tokyo the Nikkei 225 had a nice pop to the upside.
- Crude oil is $93.84 per barrel.
- Wholesale gasoline is up to $2.40 per gallon.
- Natural gas is sitting at $8.54 per unit.
- Gold is currently $912.00 per ounce.
- Weekly jobless claims will be released at 8:30 this morning.
- Trade gap data for the month of December will be released before the market opens this morning.
- Energy Dept. will release weekly natural gas inventories at 10:30 this morning.
- Yesterday's action had the Dow close 178 points higher, the Nasdaq finished 53 points higher, and the S&P was up 18 points.
- Ben Bernanke will testify before the Senate Banking Committee at 10:00 this morning.
- Yahoo reportedly exploring options with News Corp.
- Morgan Stanley reportedly set to fire 1,000 workers.
- Baidu.com out with quarterly results which show a big rise in 4th quarter profit.
- Comcast quarterly profit up 54%
Budd Foxx
Wednesday, February 13, 2008
7 Stocks you need to know for Thursday
Skechers (SKX | news | PowerRating | PR Charts ) missed earnings on Wednesday afternoon, reporting $0.26 EPS versus a consensus of $0.29 EPS.
Analysts are watching for Baidu.com (BIDU | news | PowerRating | PR Charts ) to report late in the day on Wednesday afternoon.
Daimler AG (DAI | news | PowerRating | PR Charts ) reports earnings on Thursday before the market opens, with traders looking for $1.93 EPS.
When Comcast (CMCSA | news | PowerRating | PR Charts ) announces results tomorrow morning before the bell, look for $0.17 EPS.
Analysts are looking for Goodyear Tire (GT | news | PowerRating | PR Charts ) to report $0.42 EPS tomorrow before the bell.
Watch for Ingersoll-Rand (IR | news | PowerRating | PR Charts ) to announce $0.97 EPS on Thursday morning.
Marriott (MAR | news | PowerRating | PR Charts ) is poised to announce $0.62 EPS on Thursday before the stock market opens.