Monday, March 31, 2008

Stock Market Review

7 Stocks you need to know for Tuesday

Merck (MRK | news | PowerRating | PR Charts ) lost 14.7% and Schering-Plough (SGP | news | PowerRating | PR Charts ) plunged 26% after a panel of experts urged doctors to cut prescriptions of Vytorin and Zetia, their jointly marketed cholesterol drugs.

Cal-Maine Foods (CALM | news | PowerRating | PR Charts ) dropped 11.8%, despite reporting earnings that more than tripled from a year ago.

Western Union (WU | news | PowerRating | PR Charts ) partnered with Radio Shack (RSH | news | PowerRating | PR Charts ) to allow users to transfer money through their cell phones.

SanDisk (SNDK | news | PowerRating | PR Charts ) rose 6.6% after a strong showing by memory chip makers in Asia overnight.

FSLR

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

AAPL

Apple is acting well in early trading so keep it on that watchlist.

Budd Foxx

RIMM

Research In Motion has opened to the upside here so keep it on that trading radar.

Budd Foxx

CALM

Cal-Maine Foods reported good earnings this morning and is trading up on the news so keep it on the radar today.

POT CHART


Potash, Inc. breaks out over $165 per share so keep it on the trading radar this week. This security has earnings due out on April 24th.

ISRG CHART


This security has a possible bull flag forming on a daily chart so keep it on the radar. Going above $330-335 on good volume would be a very good sign for this stock.

S&P 500 CHART

Pre-Market Gappers

Gapping up:

ANST +32.37%, BSX +15.0%, CALM +8.4%, IACI +6.9%, MXWL +5.1%, SOL +4.2%, EPD +2.8%, UBS +2.3%, AMAG +2.1%, TXT +2.0%, MEDX +1.3%...

Gapping down:

MO -69.5% (following spin-off of Philip Morris International), HRT -40.9%, SGP -19.1%, TMA -18.2%, MRK -5.6%, PLL -4.6%, VOD -3.7%, MF -2.6%, CCU -2.4%, RZ -1.8%.

Upgrades and Downgrades

Upgraded this morning include:

WTSLA, MEI, VC, TEN, SUP, MOD, MGA, CVGI, BWA, ARM, ACW, and OPLK

Downgraded this morning include:

SGP, GU, TOC, OMTR, TIBX, and HTZ

Budd Foxx

Morning News

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

European markets are trading lower so far today.

In Tokyo the Nikkei 225 did close lower.

Crude oil is $105.00 per barrel.

Wholesale gasoline is $2.71 per gallon.

Natural gas is $9.86 per unit.

Gold is sitting at $934.00 per ounce.

Chicago Area Manufacturing Poll will be released today.

Agricultural Dept. will release land use for certain crops by farmers today.

Henry Paulson to speak on plan to regulate financial markets today.

Friday's action saw the Dow give back 86 points, the Nasdaq lost 19 points, and the S&P closed 10 points lower.

Housing and Urban Development Secretary reportedly will resign.

All four number one seeds advance to the Final Four in men's college basketball.

Budd Foxx

Sunday, March 30, 2008

Stock Tiger Newsletter

Here is a free newsletter from Stock Tiger

http://stocktiger.com/newsletters/news3103.php

Ten Bullish Charts

WMT, HCBK, GIS, PLXS, CBU

GILD, TT, OHI, JBHT and STLD

Ten Bullish Charts

Saturday, March 29, 2008

VIDEO - A State of Flux

This week I check out the daily and 60-min charts of DIA, QQQQ, SPY and IWM.

VIDEO - A State of Flux

Last week, I backed up and looked at some longer term charts and indicators to remind ourselves what the overall trend is and also to see what may lie ahead in the next week or so.

VIDEO - The Big Picture

http://www.leavittbrothers.com/

Stock Market Review

7 Stocks you need to know for Monday

J.C. Penney (JCP | news | PowerRating | PR Charts ) lowered its first quarter sales and earnings outlook, citing weakness in consumer spending. JCP shares lost 7.5% and weighed on other consumer stocks.

KB Home (KBH | news | PowerRating | PR Charts ) lost 4.9% after the company reported earnings that missed estimates by a wide margin.

Electronic Arts (ERTS | news | PowerRating | PR Charts ) extended the deadline on its $2 billion offer for Take-Two Interactive Software (TTWO | news | PowerRating | PR Charts ).

Altria (MO | news | PowerRating | PR Charts ) is spinning-off Philip Morris International. Altria shareholders will receive one share of Philip Morris International for each Altria share they own. The new company will replace Allegheny Technologies (ATI | news | PowerRating | PR Charts ) in the S&P 100 and Circuit City Stores (CC | news | PowerRating | PR Charts ) in the S&P 500.

Before the market open on Monday, Shaw Group (SGR | news | PowerRating | PR Charts ) is scheduled to report earnings, with analysts looking for $0.54 per share.

Friday, March 28, 2008

BIDU

Baidu.com is acting very well today. This stock has some resistance at the 50 week MA around the 248 range.

TSRA

Tessera Tech is acting very well in pre-market trading so keep it on the radar.

RIMM

Research in Motion is trading up in pre-market so keep it on your watch list.

X

U.S. Steel was upgraded this morning at Merrill Lynch so keep it on the radar.

FSLR

First Solar is trading up in pre-market so keep it on the radar.

MT

Arcelor Mittal Steel is trading up a bit in pre-market so keep it on the radar.

Stocks to Watch Today

ADSK, MUR, PTR, RTP FDG,

LEH, GS and FXI

JASO

JA Solar initiated with a Buy at Lazard

Ten Bullish Charts

ESV, HCBK, CBU, WMT, YUM,

GIS, EQR, TER, IRC, DNA

Pre-Market Gappers

Gapping up:

BMTI +27.7%, CRTX +21.0%, LMRA +15.5%, KOPN +9.1%, CRUS +7.4%, RHT +6.5%, XRTX +6.5%, LEH +6.4%, AAUK +5.9%, YZC +5.6%, FINL +4.6%, ACN +4.4%, CCIX +4.2%, TIBX +4.2%, RTP +4.1%, LMC +3.4%, GOLD +3.3%, MT +3.2%, BHP +2.8%, QCOM +2.3%, MOS +2.2%, UBS +2.2%, NOK +1.9%, X +1.7%, ISIL +1.6%, C +1.4%, URBN +1.4%, AKS +1.2%...

Gapping down:

USNA -30.6%, APOL -16.7%, OPLK -15.4%, SOL -7.0%, MPG -6.1%, RMBS -4.8%, BSC -4.7%, SCS -3.4%, TNDM -2.5%, GRMN -1.6%.

Break Out List Video Market Technical Analysis

Upgrades and Downgrades

Upgrades:

DVA, HNZ, MUR and LEH

Downgrades:

EGT, HOT, LHO, AIV, HME, OPLK, USNA

DROOY, BBBY, MTH, TLAB, DSW, ATV, WLP

Thursday, March 27, 2008

Stock Market Review

7 Stocks you need to know for Friday

Oracle (ORCL | news | PowerRating | PR Charts ) lost 7.2%, despite reporting better than expected earnings, as investors fretted over the company's sales outlook.

ComScore reported the number of clicks on Google's (GOOG | news | PowerRating | PR Charts ) ads fell 3% in February.

ConAgra Foods (CAG | news | PowerRating | PR Charts ) reported earnings that beat estimates by $0.22 per share and announced the sale of its trading unit for $2.13 billion.

American Express (AXP | news | PowerRating | PR Charts ) agreed to acquire General Electric's corporate payments division for $1.1 billion.

After the close, Accenture (ACN | news | PowerRating | PR Charts ) reported Q2 earnings that beat estimates by $0.08 and issued upside guidance for Q3.

Global Payments (GPN | news | PowerRating | PR Charts ) also beat estimates and raised full-year guidance above consensus.

Before the market open, KB Home (KBH | news | PowerRating | PR Charts ) is expected to report a loss of -$1.17 per share.

RIG

Transocean, Inc. has a good tone to it today so keep it on the radar this afternoon. Going through 138 on above average volume would be a bullish sign for this security.

CCU

Clear Channel is on the move in early trading so keep it on that trading radar.

Budd Foxx

FSLR

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

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

APA CHART


This Security breaks out over $121 per share so keep it on the radar.

SOLF

Solarfun Power misses by .11, beats on Revs. The stock is trading up in pre-market on the news so keep it on the radar.

Pre-Market Gappers

Gapping up:

CTRN +13.4%, MF +10.0%, CAG +9.6%, ASTI +6.4%, CCU +5.8%, LMC +4.8%, RMBS +4.4%, MU +2.7%, BHP +2.6%, UBS +2.6%, RTP +2.5%, SSL +2.5%, VLO +2.1%, HBC +1.7%...

Gapping down:

ORCL -8.8%, RBN -5.4%, SAP -3.3%, GOOG -2.9%, XL -2.9%, FMD -2.7%, PAYX -2.6%, JNPR -2.4%, NS -1.8%, CHK -1.8%, IBM -1.6%, MER -1.6%, AMR -1.0%.

Break Out List Video Market Technical Analysis

Upgrades and Downgrades

Upgraded this morning include:

KLAC, COMS, TER, FORM, ASML, NBR, PTEN, SWSI, BJS, UDRL, HAL, SRE, HIG, ALL, COT, SPR, and VLO

Downgraded this morning include:

CPKI, MOT, and STX

Budd Foxx

Morning News

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

European markets are trading higher today.

In Tokyo the Nikkei 225 did lose ground.

Crude oil is back up to just above $107.00 per barrel.

Wholesale gasoline is $2.73 per gallon.

Natural gas is currently $9.55 per unit.

Gold is sitting at $948 per ounce.

Weekly jobless claims will be released before the open this morning.

Final reading on GDP also to be released.

Energy Dept. will release natural gas inventories at 10:30 this morning.

Yesterday's action had the Dow give back 109 points, the Nasdaq lost 16 points, and the S&P closed 11 points lower.

Rambus Inc. wins memory chip patent case.

Oracle Corp. quarterly profit up 30%, but reported a weaker than expected rise in revenue.

A judge in Texas has ordered banks to fund Clear Channel deal.

Terrorist have attacked a major oil pipeline in southern Iraq.

Budd Foxx

Wednesday, March 26, 2008

Stock Market Review

7 Stocks you need to know for Thursday

Ford (F | news | PowerRating | PR Charts ) agreed to sell its Jaguar and Land Rover luxury brands to Tata Motors (TTM | news | PowerRating | PR Charts ) for $2.3 billion in cash.

Shares of Jabil Circuit (JBL | news | PowerRating | PR Charts ) fell sharply after the company lowered third quarter guidance.

Deutsche Bank (DB | news | PowerRating | PR Charts ) also issued a gloomy outlook, saying full year 2008 profit may fall short of projections due to the credit crisis.

After the market close, Oracle (ORCL | news | PowerRating | PR Charts ) reported earnings of $0.30, in-line with estimates. However, sales growth disappointed and ORCL shares moved lower in after market.

And, Paychex (PAYX | news | PowerRating | PR Charts ) reported earnings that were in-line.

Before the market open on Thursday, ConAgra Foods (CAG | news | PowerRating | PR Charts ) is scheduled to report earnings, with analysts looking for $0.39 per share.

CLF

Cleveland Cliffs is acting well and could be momentum if the stock is pushing the high of the day near the close so keep it on the radar.

CREE

Cree, Inc. has a good tone to it today after a positive article was written on the company so keep it on the radar this afternoon.

RMBS

Rambus is acting well today so keep it on the radar.

APA

Apache Corp. acts well here early so keep it on that watchlist.

Budd Foxx

AAPL

Apple has a decent tone to it early so keep it on that trading radar.

Budd Foxx

GOOG and BIDU

Google and Baidu.com both seem to be perking up just a bit here so keep them on that watchlist.

Budd Foxx

ILMN

Illumina looks to break out over $76.50 so keep this stock on that trading radar.

Budd Foxx

FCX

Freeport Mcmoran Copper & Gold also acts well here in pre market trading so keep it on that watchlist.

Budd Foxx

PCU

Southern Copper Corp. looks to open to the upside here so keep it on that radar.

Budd Foxx

Stocks to Watch Today

AEM, EWZ, MELI, YZC, ACGY,

ANR, and MT

Equity Futures

pull back toward pre-mkt lows following weaker than expected Durable Goods orders
Dow futures -56 pts, SPX futures -6 pts, Nas -7.

Pre-Market Gappers

Gapping up:

CLWR +26.8%, MOT +12.5%, S +9.0%, GOLD +4.6%, HMY +3.8%, ARTC +3.7%, AAUK +3.5%, RIO +3.0%, PAL +3.0%, MT +2.9%, VVTV +2.5%, LMC +2.2%, RTP +2.0%, AKNS +1.7%, TXT +1.6%, ABX +1.0%...

Gapping down:

CCU -23.2%, JBL -11.2%, CHIC -11.1%, SAI -3.7%, SEED -3.2%, CORS -2.9%, CSIQ -2.6%, C -2.4%, RBS -2.2%, PFCB -2.2%, MER -1.8%, CIT -1.7%, HBC -1.2%, UBS -1.1%, BAC -1.0%.

Break Out List Video Market Technical Analysis

Upgrades and Downgrades

Upgraded this morning include:

TI, ECA, APA, XTO, WAT, CCO, WW, TLM, and CU

Downgraded this morning include:

BAM, CTB, PFCB, HCBK, AF, AYR, GLS, and JBL

Budd Foxx

S&P 500 CHART

Morning News

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

European markets are trading lower today.

In Tokyo the Nikkei 225 did close just a bit lower.

Crude oil is $102.50 per barrel.

Wholesale gasoline is $2.69 per gallon.

Natural gas is $9.47 per unit.

Gold back up to $947.00 per ounce.

New home sales data for the month of February will be released this morning.

Durable goods orders set to be released before the open this morning.

Yesterday's action saw the Dow close 16 points lower, the Nasdaq added 14 points, and the S&P finished 3 points higher.

Deal for private equity groups to buy Clear Channel reportedly falling apart.

Deutsch Bank reportedly may not reach its profit goal.

Ford expected to announce sale of Jaguar and Land Rover to Tata Motors.

Motorola reportedly set to split into two indipendent companies.

Budd Foxx

Tuesday, March 25, 2008

Stock Market Review

7 Stocks you need to know for Wednesday

Fortress Investment Group (FIG | news | PowerRating | PR Charts ) reported a loss for the fourth quarter, missing estimates by a wide margin.

Shares of Penn National Gaming (PENN | news | PowerRating | PR Charts ) rose after Fortress Investment Group said it still plans to buyout the casino operator.

Monsanto (MON | news | PowerRating | PR Charts ) jumped 9.9% after the company raised its 2008 full-year earnings guidance.

MGIC Investment (MTG | news | PowerRating | PR Charts ) fell 7.9% after the mortgage insurer needed to raise $745 million via a stock and debt sale. The company reported a record loss in Q4.

The Wall Street Journal reported the $19 billion deal to take Clear Channel (CCU | news | PowerRating | PR Charts ) private was near collapse, due to the credit crisis.

Yahoo! (YHOO | news | PowerRating | PR Charts ) rose after Citigroup issued a "buy" note in expectation of a higher bid from Microsoft.

After the close, Jabil Circuit (JBL | news | PowerRating | PR Charts ) beat estimates by $0.02 but lowered guidance for the third quarter.

PBR

Petro Brazil is acting well today so keep it on the radar going into the close

MA

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

PCU

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

ELN

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

Budd Foxx

V

Visa has a decent tone to it early so keep it on that watchlist.

Budd Foxx

FSLR

First Solar is doing it again in early trading so keep it on that radar.

Budd Foxx

BUCY

BucyRus acting well again here early so keep it on that trading radar.

Budd Foxx

RIMM

Research In Motion seems to be perking up again here so put it on that watchlist.

Budd Foxx

Stocks to Watch Today

AEM, CHL, DRYS, FXI, LFC,

HBC, MT and TRA

Fertilizer Stocks to Watch

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

CSIQ

Canadian Solar upgraded to Buy from Hold at Lazard

Pre-Market Gappers

Gapping up:

HOKU +7.6%, GOLD +6.8%, COMS +6.5%, SLV +4.1%, TMA +4.0%, BCS +3.9%, YHOO +3.2%, KGC +3.0%, XMSR +3.0%, CHK +2.6%, AAUK +2.5%, GLD +2.4%, SSRI +2.1%, AKS +1.6%, AU +1.2%, NEM +1.0%...

Gapping down:

ABPI -69.9%, NPLA -26.3%, MTG -9.8%, FRPT -8.9%, PVH -4.4%, SONC -3.8%, TSO -2.9%, SUN -2.3%, VLO -2.1%, BAC -2.0%, GPS -1.6%, WNR -1.5%.

Upgrades and Downgrades

Upgraded this morning include:

CSIQ, CI, WBD, THQI, and YHOO

Downgraded this morning include:

COF, UNH, CHRW, AFSI, PZN, PHG, CS, LCAPA, GPS, BSC, ABPI, ZUMZ, and TIF

Budd Foxx

Morning News

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

European markets are trading higher today.

In Tokyo the Nikkei 225 did close higher.

Crude oil is $100.33 per barrel.

Wholesale gasoline is $2.64 per gallon.

Natural gas is sitting at $9.34 per unit.

Gold is currently $932.00 per ounce.

Latest reading on consumer confidence will be released today.

Home Price Index for the month of January will be released today.

Yesterday's action saw the Dow add 187 points, the Nasdaq finished 68 points higher, and the S&P closed 20 points higher.

Justice Dept. has given the green light to Sirius Satellite Radio to purchase XM Satellite Radio.

Carl Icahn reportedly suing Motorola in order to gain access to business documents.

Valero Energy has cut it's outlook.

Google unveils White Space plans.

Budd Foxx

Monday, March 24, 2008

Break Out List Video Market Technical Analysis

Stock Market Review

7 Stocks you need to know for Tuesday

JPMorgan Chase (JPM | news | PowerRating | PR Charts ) increased its offer for Bear Stearns (BSC | news | PowerRating | PR Charts ) to $10 a share, from $2 a share, and agreed to buy 39.5% of the company without a shareholder vote.

Sirius Satellite Radio (SIRI | news | PowerRating | PR Charts ) won U.S. anti-trust approval from the the Justice Department to complete its acquisition of XM Satellite Radio (XMSR | news | PowerRating | PR Charts ).

Sherwin-Williams (SHW | news | PowerRating | PR Charts ) lowered first quarter guidance to $0.56 to $0.61 per share, versus estimates of $0.77.

Shares of Tiffany & Co. (TIF | news | PowerRating | PR Charts ) jumped after the company reported earnings that beat estimates by $0.06.

Before the market open on Tuesday, Fortress Investment Group (FIG | news | PowerRating | PR Charts ) is scheduled to report earnings, with analysts looking for $0.18 per share.

ILMN

Illumina is acting well this morning so keep it on that radar.

Budd Foxx

MA

Mastercard is acting very well today so keep it on the radar as the stock has broken out and made a new 52 week high.

FSLR

First Solar is perking up here so keep it on that trading radar.

Budd Foxx

TIF

Tiffany & Company is on the move here so keep it on that trading radar.

Budd Foxx

RIMM

Research In Motion has a decent tone to it early so keep it on that watchlist.

Budd Foxx

HOLX

Hologic Inc. trading higher here in pre market trading so keep it on that watchlist.

Budd Foxx

Fertilizer Stocks to Watch

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

BIDU CHART


Look for a bounce in BIDU this week as the stock is short term oversold here.

Stocks to Watch Today

AAPL, BSC, TIF, V, KB, RATE, PNRA,

JPM and BIDU

Pre-Market Gappers

Gapping up:

BSC +51.0%, TIF +11.4%, MTEX +11.3%, TRE +9.3%, IBN +8.8%, ORCL +4.6%, CIT +4.5%, HCP +4.0%, POT +3.3%, MON +3.3%, MOS +2.5%, BIDU +1.5%...

Gapping down: TMA -7.1%, MEG -4.8%, PALM -4.7%, SMOD -3.3%, LEH -2.8%, CFSG -1.9%, JPM -1.3%.

Upgrades and Downgrades

Upgraded this morning include:

NCC, POT, GW, PMCS, MSCC, ISIL, FCS, ADI, FPL, XRTX, HA, CI, MON, CAM, CRESY, PSS, AUXL, and UFS

Downgraded this morning include:

X, CEL, WGO, CIT, SMA, GPS, SIGI, AUXL, and WFC

Budd Foxx

Morning News

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

European markets are trading lower today.

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

Crude oil is $100.90 per barrel.

Wholesale gasoline is $2.60 per gallon.

Natural gas is $9.00 per unit.

Gold all the way back to $919.00 per ounce.

February existing home sales numbers will be out at 10:00 this morning.

Thursday's action saw the Dow add 261 points, the Nasdaq finished 48 points higher, and the Nasdaq closed 31 points higher.

The Lundberg Survey of gas stations around the country show on average we are paying 7 cents a gallon more than we did two weeks ago.

J.P. Morgan reportedly will now offer Bear Stearns $10.00 per share. Original offer was $2.00 per share.

Death toll in Iraq for U.S.Military has now reached 4,000.

Budd Foxx

Saturday, March 22, 2008

VIDEO - The Big Picture

This week, I back up and look at some longer term charts and indicators to remind ourselves what the overall trend is but also to see what may lie ahead in the next week or so.

VIDEO - The Big Picture

http://www.leavittbrothers.com/

Friday, March 21, 2008

Stock Market Review

7 Stocks you need to know for Monday

Nike (NKE | news | PowerRating | PR Charts ) jumped 8.4% after beating earnings estimates.

Carnival Corp. (CCL | news | PowerRating | PR Charts ) also gained 8.4% after reporting earnings above expectations.

Shares of CIT Group (CIT | news | PowerRating | PR Charts ) plunged as much as 42%, before closing down 17%, after Fitch Ratings said the company may need to use a $7.3 billion backup credit line.

Bain Capital and its Chinese partner dropped their $2.2 billion bid for 3Com (COMS | news | PowerRating | PR Charts ) after failing to reach an agreement that would satisfy the U.S. government's national security concerns.

After the close, Palm (PALM | news | PowerRating | PR Charts ) missed estimates by -$0.02, reporting a loss of -$0.16 per share.

Before the market open on Monday, Walgreen (WAG | news | PowerRating | PR Charts ) is expected to report earnings of $0.67.

Thursday, March 20, 2008

MA

Mastercard is very strong today so keep it on the radar this afternoon as it could be momentum.

ZMH

Zimmer Holdings Inc. has a decent tone to it early so put it on that watchlist.

Budd Foxx

GE

General Electric is acting well here this morning so put it on that watchlist.

Budd Foxx

SHLD

Sears Holding Corp. is trading up just a bit here so keep it on that watchlist.

Budd Foxx

AAPL

Apple has a decent tone to it early so keep it on that trading radar.

Budd Foxx

PLCE

The Childrens Place Stores is trading higher here in pre market trading so keep it on that trading radar.

Budd Foxx

NFLX

Netflix, Inc. was upgraded this morning so keep it on the radar.

V

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

NKE

Nike, Inc. reported good earnings and is trading up on the news so keep it on the radar.

Pre-Market Gappers

Gapping up:

XTLB +17.2%, BSC +5.3%, SSRX +4.9%, IHS +4.4%, HOKU +4.1%, NKE +4.0%, MLHR +3.9%, FNM +3.4%, FRE +3.3%, UN +2.6%, GE +2.0%, ING +1.7%, ATHR +1.7%, OSG +1.3%...

Gapping down:

QUIX -13.3%, HMY -6.4%, CS -6.1%, SLV -5.0%, CCU -4.9%, BGP -4.1%, G -3.7%, GFI -3.2%, BHP -3.1%, SNDK -2.7%, FDX -2.6%, ABX -2.4%, GLD -2.4%, RTP -2.0%, SLW -1.3%, MMM -1.2%.

Upgrades and Downgrades

Upgraded this morning include:

GLBL, TTEC, MITI, NFLX, ZMH, FNM, and FRE

Downgraded this morning include:

BLOG, AGO, CSUN, TWER, LCC, AAI, PNRA, FHN, SNDK, AMR, DAL, CAL, LCC, NWA, UAUA, AMGN, and IBN

Budd Foxx

Morning News

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

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

Many Asian markets were closed.

Crude oil has pulled back to just above $100.00 per barrel.

Wholesale gasoline is $2.53 per gallon.

Natural gas has dipped to below $9.00 per unit.

Gold really making a move to the downside current price is $920.00 per ounce.

Weekly jobless claims will be out this morning.

Leading indicators for the month of February will be released.

Philly Fed Index for March also to be released.

The Energy Dept. will release natural gas inventories this morning.

Yesterday's action saw the Dow take a beating to the tune of 293 points, the Nasdaq gave back 58 points, and the S&P lost 32 points.

Nike out with better than expected quarterly results.

FedEx will be releasing quarterly results.

Pepsi reportedly will buy russian juice company for $1.4 billion.

Budd Foxx

Wednesday, March 19, 2008

Stock Market Review

7 Stocks you need to know for Thursday

Morgan Stanley (MS | news | PowerRating | PR Charts ) reported a 42% decline in first quarter profit, but beat estimates by $0.42. MS shares rose 1.4%.

Shares of Adobe Systems (ADBE | news | PowerRating | PR Charts ) jumped 9% after reporting earnings of $0.48, beating estimates by $0.03.

On its market debut, shares of Visa (V | news | PowerRating | PR Charts ) surged 28.4% on the NYSE. Visa's IPO was the largest in U.S. history.

Merrill Lynch (MER | news | PowerRating | PR Charts ) filed a lawsuit against XL Capital Assurance in an attempt to force the bond insurer to honor $3.1 billion of guarantees on CDOs.

After the close, Nike (NKE | news | PowerRating | PR Charts ) reported third quarter earnings of $0.92, beating estimates by $0.11.

Before the market open, Carnival (CCL | news | PowerRating | PR Charts ) is expected to report earnings of $0.29 per share.

Also before the open, FedEx (FDX | news | PowerRating | PR Charts ) is scheduled to report, with analysts looking for $1.22.

FLS

Flow Serve Corp. is acting very well this afternoon so keep it on the radar.

BG

Bunge LTD acts very well here in early trading so keep it on that watchlist.

Budd Foxx

MER

Merrill Lynch has a decent tone to it early so keep it on that watchlist.

Budd Foxx

ILMN

Illumina strong out of the gate this morning so put it on that trading radar.

Budd Foxx

ADBE

Adobe Systems out with good earnings and the stock is acting well here early so keep it on that trading radar.

Budd Foxx

Stocks to Watch Today

ADBE, CEPH, LNN, FWLT, FMCN,

FRE,
SLV, MS and X

MS

Morgan Stanley reported good earnings this morning and the stock is trading up on the news so keep it on the radar.

V

Visa IPO to start trading this morning so keep it on the radar.

Pre-Market Gappers

Gapping up:

FMCN +12.3%, PRXI +11.1%, ADBE +6.1%, AIR +5.3%, MS +3.8%, BSC +3.2%, GFI +2.8%, CAH +2.5%, MA +1.9%, GOLD +1.8%, OI +1.7%, AUY +1.3%, GLD +1.2%, ACIW +1.1%...

Gapping down:

SINT -18.4%, ERIC -11.2%, DT -10.1%, NOK -7.8%, PEIX -7.3%, MNST -6.7%, JRCC -5.9%, MTG -5.4%, HWAY -4.5%, SI -3.6%, CCL -3.6%, FTE -3.3%, BCS -3.3%, VOD -3.2%, LEH -3.1%, RTP -3.1%, GIS -2.7%, BHP -2.3%, PCLN -2.2%, C -2.0%, BPL -1.1%.

Upgrades and Downgrades

Upgraded this morning include:

MBWM, GTY, IMCL, BBG, SGEN, NCC, BG, MEE, ICO, SAFM, TSN, AZN, CFC, BWP, and HLCS

Downgraded this morning include:

HD, MNST, RADN, PCLN, LAMR, INAP, SLE, and KFT

Budd Foxx

X CHART

US Steel has a minor break out point over $121 per share so keep it on the radar.

Morning News

Futures are pointing to a lower open this morning.

European markets are trading lower today.

In Tokyo the Nikkei 225 did close higher.

Crude oil is $108.00 per barrel.

Wholesale gasoline is $2.61 per gallon.

Natural gas is sitting at $9.32 per unit.

Gold has pulled back to $990.00 per punce.

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

Yesterday's action saw the Dow gain 420 points, the Nasdaq added 91 points, and the S&P closed 54 points higher.

Federal Reserve has cut key interest rate by 3/4 of a point.

Visa comes in with largest initial public offering in U.S. history.

Morgan Stanley out with what looks like better than expected quarterly results.

Delta reportedly to cut 2,000 jobs, and reduce flights.

Mortgage applications down to levels last seen in December.

Budd Foxx

Tuesday, March 18, 2008

Stock Market Review

7 Stocks you need to know for Wednesday

Goldman Sachs (GS | news | PowerRating | PR Charts ) reported a 53% decline in net profit, after writedowns and lower fixed income revenues. However, first quarter earnings of $3.23 per share beat estimates by $0.65.

Lehman Brothers (LEH | news | PowerRating | PR Charts ) reported first quarter earnings of $0.81, a 57% drop, but still beat estimates by $0.09. After the sudden collapse of Bear Stearns, speculation that LEH could be next to fall has been rampant, but today's numbers eased concern and led to a huge rally.

Bloomberg reported a Wachovia analysts' note to investors that stated Merrill Lynch (MER | news | PowerRating | PR Charts ) "is the riskiest" of the remaining U.S. investment banks.

Yahoo! (YHOO | news | PowerRating | PR Charts ) laid out its vision for the future, stating that it expects revenue to double over the next three years. The company also reaffirmed its Q1 and FY08 outlook.

After the close, Adobe Systems (ADBE | news | PowerRating | PR Charts ) reported earnings of $0.48, beating estimates by $0.03.

Visa (V | news | PowerRating | PR Charts ) is set to make its debut as a publicly traded company tomorrow. The $17 billion IPO will be the biggest stock sale in U.S. history, second only to the $22 billion offering of Industrial & Commercial Bank of China.

Morgan Stanley (MS | news | PowerRating | PR Charts ) is scheduled to report before the market open on Wednesday, with analysts looking for $1.03 per share.

FDS

Fact Research, Inc. is acting very well today so keep it on the radar this afternoon.

VISA IPO

Visa IPO is scheduled to start trading on Wednesday under the ticker symbol V.

ILMN

Illumina is acting well here early so keep it on that watchlist.

Budd Foxx

BUCY

BucyRus strong out of the gate here so keep it on that radar.

Budd Foxx

GFIG

GFI Group Inc. is on the move here in pre market trading so put it on that watchlist.

Budd Foxx

Stocks to Watch Today

CME, FCSX, FLR, GS, LEH, and POT

FSLR

First Solar looks to open to the upside here so keep it on that trading radar.

Budd Foxx

DRYS

DryShips is acting well in pre market trading so put it on that watchlist.

Budd Foxx

YHOO

Yahoo is on the move here early so keep it on that trading radar.

Budd Foxx

BIDU

Baidu.com is acting well here in pre market trading so keep it on that watchlist.

Budd Foxx

LEH

Lehman prelim $0.81 vs $0.72 First Call consensus; revs $3.5 bln vs $3.35 bln First Call consensus

Pre-Market Gappers

Gapping up:

TMA +21.3%, FCSX +16.6%, MF +15.2%, LEH +13.4%, UBS +11.9%, NCC +7.7%, BSC +7.5%, CS +7.3%, VIP +7.2%, SHPGY +6.4%, CFC +6.4%, OMNI +6.1%, FNM +6.0%, FCSX +5.9%, EXM +5.6%, TMTA +5.1%, HBC +5.1%, GS +4.6%, FRE +4.4%, NYX +4.1%, C +3.9%, NPSP +3.9%, HYTM +3.9%, MER +3.3%, ESC +3.2%, JPM +3.0%, KEX +2.2%, ULTR +1.8%, VLO +1.5%...

Gapping down:

NUVO -47.1%, DVAX -45.4%, IVAN -11.2%, CEO -5.3%, NWA -4.7%, CIT -4.6%, SHFL -4.3%, HMY -2.0%, AU -1.5%.

GS

Goldman Sachs prelim $3.23 vs $2.58 First Call consensus; revs $8.34 bln vs $7.47 bln First Call consensus

Upgrades and Downgrades

Upgraded this morning include:

NCC, EW, VIMC, VIP, RMG, SAP, TK, GMR, ALXA, GS, and OSG

Downgraded this morning include:

VNO, SLG, TU, NRF, NCT, SPPI, IP, DEIX, URI, CKH, ARII, DVAX, and VPFG

Budd Foxx

Morning News

Futures are pointing to a higher open this morning.

European markets are trading higher today.

In Tokyo the Nikkei 225 did end higher.

Crude oil is $107.25 per barrel.

Wholesale gasoline is $2.53 per gallon.

Natural gas is currently $9.21 per unit.

Gold is sitting at $1008.00 per ounce.

Data on February wholesale prices will be out at 8:30 this morning.

Housing starts and building permit figures will be released before the open this morning.

Federal Reserve expected to announce interest rate cut at 2:15 this afternoon.

Yesterday's action saw the Dow come back and close 21 points higher, the Nasdaq lost 35 points, and the S&P gave back 11 points.

Henry Paulson will be speaking this morning.

A report is out stating that about 50% of Bear Stearns employees could lose jobs through the deal with J.P. Morgan.

Budd Foxx

Monday, March 17, 2008

Stock Market Review

Market turmoil will not stop Visa IPO: analysts

Visa Inc, which plans to float its shares on the New York Stock Exchange on Wednesday in the biggest U.S. initial public offering ever, will not be deterred by market turmoil that has taken a severe toll in recent days, analysts said on Monday.

"I do hear that the deal is on and is expected to be strong," said Sal Morreale, who tracks IPOs for Cantor Fitzgerald in Los Angeles.

Visa has filed to sell 406 million Class A common shares at $37 to $42 apiece, for proceeds of $15 billion to $17 billion.

If demand is strong, an additional 40 million shares could sell, pushing proceeds as high as $19 billion. Even at the low end of expectations, the IPO would set a record in the United States, beating out AT&T's $10.6 billion deal in 2000.

Morreale said underwriters, led by JPMorgan (JPM.N) and Goldman Sachs & Co (GS.N), were under pressure to pull off the deal, or risk spooking investors who are already on pins and needles after Bear Stearns Cos (BSC.N) on Sunday averted a near-collapse by agreeing to be sold for a fire-sale price.

7 Stocks you need to know for Tuesday

Bear Stearns (BSC | news | PowerRating | PR Charts ) agreed to be sold to JPMorgan Chase for $2 per share, or $236 million. BSC shares closed at $30 on Friday, valuing the 85-year old investment bank at $3.5 billion.

Many analysts felt the price JPMorgan Chase (JPM | news | PowerRating | PR Charts ) is paying significantly undervalues Bear Stearns, even allowing for litigation, de-leveraging and integration costs. Especially since the Fed is providing up to $30 billion in financing for BSC's illiquid assets. The decision means the Fed, not JPMorgan Chase, is carrying substantial risk.

MF Global (MF | news | PowerRating | PR Charts ) shares fell as much as 80%, despite reassurances from the company that it was not experiencing liquidity problems.

Shares of Lehman Brothers (LEH | news | PowerRating | PR Charts ) plunged more than 20%, also on liquidity concerns. LEH is due to report earnings of $0.72 before the market open on Tuesday.

Also before the market open, Goldman Sachs (GS | news | PowerRating | PR Charts ) is expected to report earnings of $2.58.

In deal news, CME Group (CME | news | PowerRating | PR Charts ) agreed to acquire Nymex Holdings (NMX | news | PowerRating | PR Charts ) for $9.3 billion.

And, International Paper (IP | news | PowerRating | PR Charts ) agreed to acquire the packaging and recycling businesses of Weyerhaeuser (WY | news | PowerRating | PR Charts ) for $6 billion.

JPM

JP Morgan Chase is acting well so keep it on the radar.

BLOG

Blade Logic Inc. strong out of the gate here so keep it on that trading radar.

Budd Foxx

Select gold stocks showing strength on higher spot prices:

AUY +4.2%, GFI +2.6%, KGC +2.5%, GLD +2.3%, ABX +1.1%.

In reaction to strong earnings/guidance:

HNR +3.8%, RAMR +3.5%, PMI +1.8%... M&A news: DMX +22.1% (receives tender offer to be acquired for $5.40/share by Walgreen's), BLOG +14.4% (BMC Software to Purchase BladeLogic for $28/share in cash), JPM +1.5% (to acquire BSC for $2/share, also ratings affirmed by Moody's and S&P)... Select gold stocks showing strength on higher spot prices: AUY +4.2%, GFI +2.6%, KGC +2.5%, GLD +2.3%, ABX +1.1%... Other news: CRME +29.8% (announces positive interim Ph. 2b results for oral vernakalant and engages Merrill Lynch as strategic advisor), TWTI +6.5% (Third Wave's InPlex CF Molecular Test receives FDA clearance), TUP +1.3% (Cramer makes positive comments on MadMoney)... Analyst upgrades: NAT +1.9% (upgraded to Neutral at JPMorgan).

Morning News

Futures are getting drilled here this morning.

European markets are trading lower today.

In Tokyo the Nikkei 225 did finish lower.

Crude oil is $110.00 per barrel.

Wholesale gasoline is $2.69 per gallon.

Natural gas is sitting just below $10.00 per unit.

Gold has made its way up to $1,021.00 per ounce.

Friday's action saw the Dow close 194 points lower, the Nasdaq lost 51 points, and the S&P finished 27 points lower.

Federal Reserve on Sunday cut its discount rate to 3.25%

President Bush reportedly will be speeking on the economy today.

Bear Stearns has agreed to be acquired by J.P. Morgan for $236 million.

Wilber Ross to buy Option One mortgage servicing business.

Budd Foxx

S&P 500 CHART

Pre-Market Gappers

Gapping up:

VG +6.6%, TWTI +6.5%, GLD +2.3%, TUP +1.3%...

Gapping down:

BSC -88.7%, LEH -33.7%, WM -14.6%, MER -12.7%, SI -12.3%, C -11.9%, GS -10.7%, WB -9.5%, UBS -7.4%, MS -6.4%, CVTX -6.3%, AMTD -5.5%, ETFC -5.0%, DB -4.7%, BAC -4.7%, CS -4.6%, ASTI -2.4%.

Upgrades and Downgrades

Upgrades:

OTE, CNQR, AATI, ASH, NAT, PHTN, WYNN,

PAS and ANN

Downgrades:

HIBB, BRCR, STRL, MBLX, DHT, AMTD, SCHW,

NCT, PT, AMTD, IVZ, STT, GS, LEH, BK, COH

Jim Rogers on CNBC

Saturday, March 15, 2008

VIDEO - Swing at Pitches in Your Happy Zone

This week we continue our Guidelines to Successful Trading Series with a video titled: Swing at Pitches in Your Happy Zone.

VIDEO - Swing at Pitches in Your Happy Zone

http://www.leavittbrothers.com/.

Stock Market Review

7 Stocks you need to know for Monday

Bear Stearns (BSC | news | PowerRating | PR Charts ) plunged more than 47% after needing to be bailed out by JPMorgan Chase (JPM | news | PowerRating | PR Charts ), with a little help from the Fed. BSC was experiencing such difficulty that it couldn't wait to borrow from the Fed on March 27, instead having to turn to JPMorgan Chase, who borrowed from the Fed.

Bear Stearns is scheduled to report earnings on Monday after the market close.

AnnTaylor Stores (ANN | news | PowerRating | PR Charts ) lost more than 8% after the company missed earnings estimates by $0.01 and lowered guidance.

Boeing (BA | news | PowerRating | PR Charts ) was the only stock in the Dow to close higher, rising 2.8%.

Mylan (MYL | news | PowerRating | PR Charts ) was the biggest gainer in the S&P 500, after Citigroup raised its recommendation from "hold" to "buy".

Before the market open on Monday, Conseco (CNO | news | PowerRating | PR Charts ) is due to report earnings, with analysts looking for $0.19 per share.

Do you think Amazon.com (AMZN | 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.

Friday, March 14, 2008

FSLR

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

Budd Foxx

BUCY

BucyRus International; has a decent tone to it early so keep it on that trading radar.

Budd Foxx

Fertilizer Stocks to Watch

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

BIDU and GOOG

Baidu.com and Google are both acting well here in pre market trading so keep them on that trading radar.

Budd Foxx

In reaction to strong earnings/guidance:

SCA +104.5%, ZUMZ +13.5%, ARCI +9.6%, COGO +8.7%, LSCC +6.0%, RSO +5.8%, INTX +3.9%, WSCI +3.0%, ZIPR +1.9%, ADS +1.0% (discloses it will dispose of certain operations)... Other news: VM +15.4% (rebounding after this week's ~35%+ decline), TTHI +14.8% (Eli Lilly and Transition therapeutics announce licensing and collaboration agreement), TMA +10.6 (still checking), SHPGY +5.0% (Shire Shares Jump on Speculation Pfizer Will Make Bid - Bloomberg.com), EXEL +3.8% (to develop Exelixis compound exercised by Genentech), BHP +1.6% (stock showed strength in Europe), DOW +1.4% (Cramer makes positive comments on MadMoney), YHOO +1.1% (Microsoft pitches merger vision to Yahoo at meeting - WSJ)... Analyst upgrades: EK +2.5% (upgraded to Hold at Citigroup), BA +1.9% (upgraded to Overweight at Morgan Stanley), HL +1.6% (upgraded to Outperform at RBC),WX +1.4% (upgraded to Buy at Jefferies), MYL +1.4% (upgraded to Buy at Citigroup).

BA

Boeing was upgraded this morning by Morgan Stanley so keep it on the radar.

Pre-Market Gappers

Gapping up:

SCA +34.8%, ZUMZ +17.4%, COGO +8.7%, SHPGY +6.1%, LSCC +6.0%, RSO +5.8%, BA +1.9%, ZIPR +1.9%, YHOO +1.8%, BHP +1.2%, ADS +1.0%...

Gapping down:

IFON -23.9%, PANL -8.9%, HIBB -8.0%, JMBA -7.6%, CEDC -4.8%, NCC -3.3%, WAVX -3.3%, NITE -2.9%, CCL -2.2%, AU -1.9%, DB -1.7%, NOK -1.6%, TOT -1.6%, SAP -1.5%, TS -1.4%.

Upgrades and Downgrades

Upgraded this morning include:

HL, KGS, XOM, WX, GLBL, EK, MYL, OEH, and OMTR

Downgraded this morning include:

TICC, UCBH, NAHC, TEVA, and GDP

Budd Foxx

Morning News

Futures are pointing to a lower open this morning.

European markets are pretty flat so far today.

In Tokyo the Nikkei 225 did end lower.

Crude oil is $109.70 per barrel.

Wholesale gasoline is $2.66 per gallon.

Natural gas is sitting at $10.28 per unit.

Gold is sitting just below $1000.00 an ounce.

CPI data set to be released at 8:30 this morning.

University of Michigan will release consumer confidence index this morning.

Yesterday's action saw the Dow come back and close 35 points higher, the Nasdaq finished 19 points higher, and the S&P closed 6 points higher.

Ben Bernanke will be speaking this afternoon.

Chrysler to shut down for two weeks this summer in an effort to save money.

Average price of a regular gallon of gas in Maui just under $4.00 per gallon.

Exxon Mobil upgraded this morning.

Boeing also has been upgraded this morning.

Budd Foxx

Thursday, March 13, 2008

Stock Market Review

7 Stocks you need to know for Friday

The Wall Street Journal reported Bear Stearns (BSC | news | PowerRating | PR Charts ) is "facing increasingly tough trading conditions." BSC was the biggest decliner in the S&P 500, falling nearly 8%.

Aspect Medical Systems (ASPM | news | PowerRating | PR Charts ) plunged more than 45% after a report in the New England Journal of Medicine said the company devices were ineffective.

Humana (HUM | news | PowerRating | PR Charts ) gained more than 10%, after losing nearly 14% yesterday.

After the close, Aeropostale (ARO | news | PowerRating | PR Charts ) beat earnings estimates by $0.05.

Before the market open, AnnTaylor Stores (ANN | news | PowerRating | PR Charts ) is expected to reports earnings of $0.20.

Electronic Arts went hostile in its takeover bid for Take Two Interactive Software (TTWO | news | PowerRating | PR Charts ), offering shareholders $26 per share.

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